3 Bed Terraced House, Refurb/BRRR, London, E14 8HY, £615,000

Kemps Drive, Westferry, E14 8HY - 4 views - 2 months ago

Refurb/BRRR

ROI: 6%

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£300K - £1.3M
Sold Prices/m²	£3.3K/m² - £13.8K/m²

Square Metres	~93 m²
Price/m²	£6.6K/m²
Value Estimate	£633,450£633,450
BMV	3%

End Value (After Refurb)	£627,053£627,053
Uplift in Value	+2%+2%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£153,750£153,750
Stamp Duty & Legal Fees	£37,900£37,900
Refurb Costs	£49,214£49,214
Bridging Loan Interest	£16,144£16,144
Total Cash In	£258,757£258,757

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£627,053£627,053
Mortgage (After Refinance)	£470,290£470,290
Mortgage LTV	75%75%
Cash Released	£9,040£9,040
Cash Left In	£249,718£249,718
Equity	£156,763£156,763
Rent Range	£2,200 - £15,000£2,200 - £15,000
Rent Estimate	£4,104
Running Costs/mo	£2,800£2,800
Cashflow/mo	£1,304£1,304
Cashflow/yr	£15,644£15,644
ROI	6%6%
Gross Yield	8%8%

Local Sold Prices

51 sold prices from £300K to £1.3M, average is £740K. £3.3K/m² to £13.8K/m², average is £7.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	09/21	0.01 mi	2, Kemps Drive, London, Greater London E14 8HY	-	-	3	Terraced House
£415K	03/23	0.09 mi	90, Pennyfields, London, Greater London E14 8HS	-	-	3	Terraced House
£710K	10/21	0.17 mi	17, Garford Street, London, Greater London E14 8JG	-	-	3	Semi-Detached House
£710K	10/21	0.18 mi	17, Garford Street, London, Greater London E14 8JG	-	-	3	Semi-Detached House
£650K	10/22	0.19 mi	23, Malam Gardens, London, Greater London E14 0TR	-	-	3	Terraced House
£622K	05/23	0.19 mi	14, Malam Gardens, London, Greater London E14 0TR	-	-	3	Terraced House
£657K	02/21	0.23 mi	17, Duff Street, London, Greater London E14 6DL	-	-	3	Semi-Detached House
£930K	03/23	0.37 mi	23, Newell Street, London, Greater London E14 7HP	-	-	3	Terraced House
£1.2M	08/22	0.39 mi	2, Newell Street, London, Greater London E14 7HR	£5,773	208	3	Detached House
£548K	09/21	0.41 mi	42, Brabazon Street, London, Greater London E14 6BN	£5,480	100	3	Terraced House
£591.5K	05/21	0.42 mi	19, Carmen Street, London, Greater London E14 6AX	-	-	3	Terraced House
£857K	05/23	0.44 mi	100, Copenhagen Place, London, Greater London E14 7DE	£7,935	108	3	Terraced House
£600K	06/22	0.45 mi	2, Callingham Close, London, Greater London E14 7EW	-	-	3	Semi-Detached House
£1.3M	06/23	0.49 mi	7, Brightlingsea Place, London, Greater London E14 8DB	£7,440	168	3	Terraced House
£300K	09/22	0.51 mi	1, Booker Close, London, Greater London E14 7DP	£3,261	92	3	Terraced House
£1.0M	12/20	0.56 mi	4, Albert Mews, London, Greater London E14 8EH	£7,576	132	3	Terraced House
£535K	10/20	0.59 mi	159, St Leonards Road, London, Greater London E14 0RS	£3,821	140	3	Terraced House
£490K	11/22	0.64 mi	35, Acorn Walk, London, Greater London SE16 5DU	£5,765	85	3	Detached House
£660K	12/22	0.67 mi	14, Dewberry Street, London, Greater London E14 0RN	£9,429	70	3	Terraced House
£825K	03/21	0.71 mi	Hawthorn Cottage, 1, Flamborough Walk, London, Greater London E14 7LY	-	-	3	Semi-Detached House
£805K	06/21	0.72 mi	23, Flamborough Street, London, Greater London E14 7LS	£11,667	69	3	Terraced House
£821K	03/21	0.73 mi	9, Salmon Lane, London, Greater London E14 7NA	£7,102	116	3	Terraced House
£855K	06/21	0.74 mi	36, Salmon Lane, London, Greater London E14 7LZ	£9,274	92	3	Terraced House
£760K	06/23	0.74 mi	2, Lavender Road, London, Greater London SE16 5DZ	£13,818	55	3	Terraced House
£627K	06/21	0.74 mi	33, Lavender Road, London, Greater London SE16 5DZ	£11,305	55	3	Terraced House
£845K	04/21	0.74 mi	13, York Square, London, Greater London E14 7LU	£7,682	110	3	Terraced House
£845K	04/21	0.74 mi	13, York Square, London, Greater London E14 7LU	£7,682	110	3	Terraced House
£812K	11/21	0.74 mi	16, York Square, London, Greater London E14 7LU	£7,519	108	3	Terraced House
£950K	03/23	0.74 mi	10, York Square, London, Greater London E14 7LU	£9,135	104	3	Terraced House
£965K	05/21	0.74 mi	19, Sovereign Crescent, London, Greater London SE16 5XH	£11,914	81	3	Terraced House
£805K	11/22	0.76 mi	7, Fir Trees Close, London, Greater London SE16 5NG	£8,656	93	3	Terraced House
£885K	10/22	0.77 mi	9, Lockhart Street, London, Greater London E3 4BL	£8,762	101	3	Terraced House
£690K	01/21	0.78 mi	9, Spanby Road, London, Greater London E3 4EW	£7,562	91	3	Terraced House
£690K	01/21	0.78 mi	9, Spanby Road, London, Greater London E3 4EW	£7,562	91	3	Terraced House
£658K	12/20	0.78 mi	153, Knapp Road, London, Greater London E3 4BP	-	-	3	Terraced House
£740K	04/23	0.78 mi	157, Knapp Road, London, Greater London E3 4BP	£7,957	93	3	Terraced House
£600K	03/21	0.79 mi	7, Spanby Road, London, Greater London E3 4EW	£6,122	98	3	Terraced House
£915K	02/23	0.79 mi	17, Lockhart Street, London, Greater London E3 4BL	-	-	3	Terraced House
£710K	06/21	0.79 mi	42, St Georges Square, London, Greater London E14 8DL	£7,889	90	3	Terraced House
£860K	11/22	0.79 mi	55, Barnes Street, London, Greater London E14 7NW	£8,043	107	3	Terraced House
£793K	12/22	0.8 mi	376, Rotherhithe Street, London, Greater London SE16 5EF	-	-	3	Terraced House
£620K	12/20	0.8 mi	7, Maritime Street, London, Greater London E3 4QQ	£6,263	99	3	Terraced House
£650K	08/21	0.8 mi	18, Maritime Street, London, Greater London E3 4QQ	£6,121	106	3	Terraced House
£830K	12/20	0.8 mi	1, Maritime Street, London, Greater London E3 4QQ	-	-	3	Semi-Detached House
£720K	02/21	0.8 mi	168, Swaton Road, London, Greater London E3 4ER	£7,742	93	3	Terraced House
£763K	06/21	0.8 mi	156, Swaton Road, London, Greater London E3 4ER	£6,586	116	3	Terraced House
£565K	05/21	0.8 mi	96, Aston Street, London, Greater London E14 7NQ	-	-	3	Terraced House
£895K	02/21	0.82 mi	56, Ropery Street, London, Greater London E3 4QG	£9,728	92	3	Terraced House
£815K	10/22	0.84 mi	15, Troon Street, London, Greater London E1 0NT	£9,477	86	3	Terraced House
£955K	06/22	0.85 mi	31, Belgrave Street, London, Greater London E1 0NG	£8,093	118	3	Terraced House
£740K	10/22	0.87 mi	212, Bow Common Lane, London, Greater London E3 4HH	£7,294	101	3	Terraced House

Local Rents

50 rents from £2.2K/mo to £15K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,340	03/24	0.07 mi	Pinefield Close, Canary Wharf	3	Flat
£2,340	03/24	0.07 mi	Pinefield Close, Canary Wharf	3	Flat
£2,750	03/25	0.1 mi	-	3	Flat
£2,200	02/25	0.12 mi	-	3	Flat
£2,450	03/24	0.14 mi	Gough Walk, London, E14	3	Flat
£2,499	03/24	0.14 mi	Gough Walk, London, E14	3	Flat
£2,499	05/24	0.14 mi	-	3	Flat
£2,375	03/24	0.15 mi	-	3	Flat
£3,250	02/25	0.19 mi	-	3	Terraced House
£4,312	12/24	0.2 mi	Port East Apartment, 18 Hertsmere Road, London, E14	3	Flat
£6,717	04/24	0.2 mi	-	3	Flat
£15,000	03/24	0.2 mi	Hertsmere Road, London	3	Flat
£9,000	03/24	0.2 mi	Hertsmere Road, E14	3	Flat
£9,000	03/24	0.2 mi	Hertsmere Road, London, E14	3	Flat
£6,933	03/24	0.21 mi	West India Quay, Docklands, E14	3	Flat
£2,700	12/24	0.21 mi	-	3	Flat
£6,933	05/24	0.21 mi	No. 1 West India Quay, 26 Hertsmere Road, Canary Wharf, London, E14 4EG	3	Flat
£2,800	04/24	0.23 mi	Upper North Street, E14	3	Flat
£3,500	03/24	0.23 mi	Talisman Tower, 6 Lincoln Plaza, London, E14	3	Flat
£6,933	03/24	0.24 mi	West India Quay, Canary Wharf	3	Flat
£6,933	03/24	0.25 mi	West India Quay, 26 Hertsmere Road, London, E14	3	Flat
£6,933	03/24	0.25 mi	26 Hertsmere Road, London, E14	3	Flat
£6,933	03/24	0.25 mi	Hertsmere Road, London, E14	3	Flat
£6,933	03/24	0.25 mi	No 1 West India Quay, Canary Wharf, London E14	3	Flat
£2,350	04/24	0.26 mi	Milligan Street, Canary Wharf, London, E14	3	Terraced House
£2,800	02/25	0.27 mi	-	3	Flat
£2,750	03/24	0.29 mi	Bartlett Close, London, E14	3	House
£2,500	03/24	0.3 mi	Sturry Street, London, E14	3	Terraced House
£2,500	03/24	0.3 mi	-	3	Terraced House
£2,300	04/24	0.3 mi	Stainsby Road, London	3	Flat
£3,359	03/24	0.31 mi	Milligan Street, Canary Wharf, London, E14	3	Terraced House
£3,200	05/24	0.31 mi	Langan House, 14 Keymer Place, Lime House, London, E14	3	Flat
£2,550	03/24	0.32 mi	Stainsby Road, London	3	Flat
£2,300	04/24	0.32 mi	Stainsby Road, London, E14	3	Flat
£2,420	04/24	0.32 mi	-	3	Flat
£2,600	04/24	0.33 mi	Woodstock Terrace, Canary Wharf	3	Terraced House
£2,550	03/24	0.33 mi	Elite House, Limehouse, E14	3	Flat
£3,500	04/24	0.34 mi	Harley House, Limehouse, London, E14	3	Flat
£2,900	04/24	0.34 mi	Harley House, E14	3	Flat
£2,900	05/24	0.34 mi	Frances Wharf, London, E14	3	Flat
£3,300	04/24	0.34 mi	Coalmakers Wharf, London, E14	3	Flat
£2,800	03/25	0.35 mi	-	3	Flat
£4,500	04/24	0.35 mi	-	3	Flat
£2,550	03/25	0.35 mi	-	3	Flat
£2,600	04/24	0.35 mi	Annabel Close, Canary Wharf	3	Flat
£7,500	05/24	0.35 mi	Westferry Circus, London, E14	3	Flat
£5,500	04/24	0.36 mi	Belgrave Court, 36 Westferry Circus, London, E14	3	Flat
£2,700	03/24	0.36 mi	Limehouse, London, E14	3	Flat
£3,000	03/25	0.37 mi	-	3	Flat
£3,000	12/24	0.4 mi	-	3	Flat

Local Area Statistics

Population in E14	79,76079,760
Population in London	4,771,9214,771,921
Town centre distance	3.77 miles away3.77 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.19 miles away0.19 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £615,000

February 18, 2025

Floor Plans

Description

Three-bedroom freehold house arranged over three floors +
Spacious kitchen, separate utility room, and a guest WC +
Private balcony and a sizeable garden, providing excellent outdoor space +
Integrated garage and off-street parking, a rarity in such a prime location +
Moments from Westferry DLR, offering swift access to Canary Wharf and the City +
Exciting potential for modernisation, allowing buyers to create their ideal home +

Nestled in the heart of E14, this three-bedroom freehold house on Kemps Drive presents a fantastic opportunity for buyers looking to put their own stamp on a spacious and versatile home. Arranged over three floors, this property offers generous proportions throughout, making it ideal for families or professionals seeking space and convenience.

Upon entering, you’ll find a well-sized reception area leading to a spacious kitchen, both of which provide exciting potential for modernisation to suit your style. The ground floor also benefits from a separate utility space and a guest WC, adding to the home’s practicality.

Upstairs, the three double bedrooms are thoughtfully arranged, offering ample natural light and storage opportunities. The family bathroom is well-sized and serves the upper floors, while a private balcony extends the living space, perfect for enjoying a morning coffee or evening relaxation.

The sizeable garden offers fantastic outdoor space, a rarity in such a prime location. Additionally, the integrated garage and off-street parking enhance the convenience of this home.

Location is a key highlight—just moments from Westferry DLR, providing swift access to Canary Wharf, the City, and beyond. The property is also within walking distance of the green open spaces of Pennyfields Park, offering a tranquil escape from city life.

Whether you're an investor, a growing family, or a professional looking for a home to personalise, this property offers a compelling blend of space, potential, and a prime location.

Agent Details

Madison Brook, Docklands

020 3872 3457

Next Steps?

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