3 Bed Terraced House, Refurb/BRRR, Beckenham, BR3 3HP, £675,000

76 Stanhope Grove, Beckenham, BR3 3HP - 2 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£455K - £850K
Sold Prices/m²£4.4K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£7.3K/m²

Value Estimate

£539,046

 

 

End Value (After Refurb)

£644,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£49,200

Bridging Loan Interest

£17,719

Total Cash In

£280,119

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£644,500

Mortgage (After Refinance)

£483,375

Mortgage LTV

75%

Cash Left In

£280,119

Equity

£161,125

Rent Range

£2,000 - £3,818

Rent Estimate

£2,531

Running Costs/mo

£2,540

Cashflow/mo

£-9

Cashflow/yr

£-111

Gross Yield

4%

Local Sold Prices

50 sold prices from £455K to £850K, average is £600K. £4.4K/m² to £8.3K/m², average is £6.2K/m².

PriceDateDistanceAddressBeds 
£600K11/200.01 mi79, Stanhope Grove, Beckenham, Greater London BR3 3HL3
£642K06/230.1 mi174, Eden Park Avenue, Beckenham, Greater London BR3 3JQ3
£640K02/210.1 mi168, Eden Park Avenue, Beckenham, Greater London BR3 3JQ3
£705K02/210.11 mi32, Ronald Close, Beckenham, Greater London BR3 3HX3
£610K03/230.11 mi24, Ronald Close, Beckenham, Greater London BR3 3HX3
£557.5K01/210.11 mi15, Merlin Grove, Beckenham, Greater London BR3 3HR3
£580K07/230.11 mi53, Merlin Grove, Beckenham, Greater London BR3 3HR3
£602K01/210.12 mi23, Merlin Grove, Beckenham, Greater London BR3 3HR3
£570K03/210.12 mi141, Eden Park Avenue, Beckenham, Greater London BR3 3JG3
£540K01/210.12 mi101, Eden Park Avenue, Beckenham, Greater London BR3 3HH3
£610K05/230.16 mi100, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£515K02/210.16 mi42, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£740K12/220.17 mi43, Ernest Grove, Beckenham, Greater London BR3 3HY3
£660K01/230.17 mi55, Ernest Grove, Beckenham, Greater London BR3 3HY3
£556K05/230.17 mi25, Cherry Tree Walk, Beckenham, Greater London BR3 3PF3
£810K04/230.18 mi4, Wellhouse Road, Beckenham, Greater London BR3 3JR3
£737K08/230.21 mi75, Ernest Grove, Beckenham, Greater London BR3 3HZ3
£700K12/200.22 mi15, Birchwood Avenue, Beckenham, Greater London BR3 3PY3
£600K06/210.23 mi25, Balmoral Avenue, Beckenham, Greater London BR3 3RD3
£617.5K09/210.23 mi53, Glanfield Road, Beckenham, Greater London BR3 3JT3
£740K11/210.23 mi12, Birchwood Avenue, Beckenham, Greater London BR3 3PZ3
£700.3K12/210.24 mi40, Glanfield Road, Beckenham, Greater London BR3 3JU3
£775K09/230.24 mi38, Glanfield Road, Beckenham, Greater London BR3 3JU3
£470K12/200.24 mi381, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£500K03/210.24 mi389, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£590K04/210.24 mi230, Eden Park Avenue, Beckenham, Greater London BR3 3JH3
£545K11/210.25 mi22, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£565K08/230.25 mi26, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£580K06/210.25 mi18, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£615K09/210.25 mi62, Lloyds Way, Beckenham, Greater London BR3 3QS3
£555K11/210.25 mi10, Lloyds Way, Beckenham, Greater London BR3 3QS3
£565K11/200.26 mi105, Merlin Grove, Beckenham, Greater London BR3 3HS3
£710K04/230.27 mi92, Merlin Grove, Beckenham, Greater London BR3 3HT3
£555K07/230.27 mi2, Ernest Close, Beckenham, Greater London BR3 3JE3
£675K12/200.29 mi148, Village Way, Beckenham, Greater London BR3 3PH3
£675K09/210.3 mi11, Gordon Road, Beckenham, Greater London BR3 3QE3
£495K06/210.31 mi191, Upper Elmers End Road, Beckenham, Greater London BR3 3QU3
£535K03/210.31 mi27, Dunbar Avenue, Beckenham, Greater London BR3 3RG3
£520K12/200.31 mi33, Dunbar Avenue, Beckenham, Greater London BR3 3RG3
£530K03/230.31 mi271, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£520K02/210.31 mi283, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£850K04/230.33 mi27, Broomfield Road, Beckenham, Greater London BR3 3QB3
£590K02/230.33 mi28, Dunbar Avenue, Beckenham, Greater London BR3 3RQ3
£730K03/210.35 mi60, Bramerton Road, Beckenham, Greater London BR3 3PD3
£455K04/230.36 mi38, Upper Elmers End Road, Beckenham, Greater London BR3 4AN3
£610K08/230.37 mi54, Eden Way, Beckenham, Greater London BR3 3DJ3
£730K03/210.37 mi135, Village Way, Beckenham, Greater London BR3 3NL3
£535K12/200.38 mi16, Abbots Way, Beckenham, Greater London BR3 3RL3
£518K02/210.38 mi56, Altyre Way, Beckenham, Greater London BR3 3HA3
£615K08/230.39 mi39, Abbots Way, Beckenham, Greater London BR3 3RJ3

Local Rents

16 rents from £2K/mo to £3.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.14 miGlanfield Road, Beckenham, BR33
£2,40003/240.19 miErnest Grove Beckenham BR33
£2,00004/240.22 miStanhope Grove, Beckenham3
£2,20004/240.29 miAsprey Mews Beckenham BR33
£2,10004/240.29 mi-3
£3,60005/240.39 mi-3
£3,45004/240.39 miHillcrest Close, Beckenham, BR33
£2,35012/240.41 mi-3
£2,25003/240.43 miTonge Close, Beckenham, BR33
£3,81803/250.45 mi-3
£2,35005/240.48 miLangley Road, Beckenham3
£2,25003/240.56 miColesburg Road, Beckenham, BR33
£3,00002/240.58 mi-3
£3,20001/250.58 mi-3
£2,20012/240.59 miGreenview Avenue, Croydon, CR03
£2,65003/240.6 miClock House Road, Beckenham, Kent, BR33

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £675,000

February 14, 2025

Floor Plans

Description

  • Three bedrooms +
  • Kitted kitchen +
  • Bathroom with shower cubicle +
  • Popular location +
  • Spacious living room +
  • Close to schools +
  • Dining room with sliding door to garden +
  • Chain free +

This attractive 1930's built end terrace house sits on a corner plot and offers good size accommodation with three bedrooms and two reception rooms. There is great scope to extend subject to obtaining the relevant planning permissions. The house has been lovingly cared for over the years and whilst benefiting from double glazing and central heating, by today's standards some modernisation is required. The wider than average 85' garden has patio and lawn areas with a garage beyond. We recommend a viewing of this house that comes to the market on a chain free basis Situated 0.4 of a mile from local shops and restaurants in Elmers End.  Elmers End Railway Station (London Bridge, Waterloo, Charing Cross, Canon Street and DLR connection at Lewisham for Canary Wharf) along with tramlink services to Croydon and Wimbledon is 0.8 of a mile away.  Beckenham Hign Street with its shopping and social facilities is 0.9 of a mile away.  There are schools for all ages within the vicinity including Langley, Orion Eden Park Secondaries and Marian Vian, Unicorn, Harris and Langley Primaries.  Parks close by include Stanhope Recreational Ground, Crease Park and Harvington

Agent Details

Proctors, Beckenham

020 3909 9253

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪