3 Bed Terraced House, Refurb/BRRR, London, E16 2LH, £425,000

Pier Road, London, E16 2LH - 5 views - 2 months ago

Refurb/BRRR

ROI: 5%

~93 m²

+10 photos

ValuationFair Value

Sold Prices	£340K - £620K
Sold Prices/m²	£3.7K/m² - £9.6K/m²

Square Metres	~93 m²
Price/m²	£4.6K/m²
Value Estimate	£429,250£429,250

End Value (After Refurb)	£451,437£451,437
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£11,156£11,156
Total Cash In	£191,056£191,056

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£451,437£451,437
Mortgage (After Refinance)	£338,578£338,578
Mortgage LTV	75%75%
Cash Released	£19,828£19,828
Cash Left In	£171,228£171,228
Equity	£112,859£112,859
Rent Range	£1,000 - £3,850£1,000 - £3,850
Rent Estimate	£2,735
Running Costs/mo	£1,978£1,978
Cashflow/mo	£757£757
Cashflow/yr	£9,087£9,087
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

47 sold prices from £340K to £620K, average is £435K. £3.7K/m² to £9.6K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£400K	12/20	0.32 mi	58, Winifred Street, Woolwich, London, Greater London E16 2HX	£3,738	107	3	Terraced House
£450K	10/21	0.39 mi	76, Sheldrake Close, London, Greater London E16 2HT	£4,945	91	3	Terraced House
£425K	06/21	0.4 mi	22, Kennard Street, London, Greater London E16 2HR	£4,620	92	3	Terraced House
£340K	04/21	0.51 mi	31, Muir Street, London, Greater London E16 2HL	-	-	3	Terraced House
£610K	07/23	0.56 mi	17, Maud Cashmore Way, London, Greater London SE18 5QS	-	-	3	Terraced House
£605K	06/23	0.56 mi	18, Maud Cashmore Way, London, Greater London SE18 5QS	£6,111	99	3	Semi-Detached House
£442.5K	08/21	0.59 mi	5, Weaver Close, London, Greater London E6 6FY	£4,097	108	3	Terraced House
£390K	02/21	0.6 mi	26, Renfrew Close, London, Greater London E6 5PG	£4,875	80	3	Terraced House
£415K	10/20	0.6 mi	18, Agnes Close, London, Greater London E6 5PH	£4,462	93	3	Terraced House
£390K	03/21	0.66 mi	113, Kingsman Street, London, Greater London SE18 5QF	-	-	3	Terraced House
£350K	04/23	0.66 mi	267, Kingsman Street, London, Greater London SE18 5PP	-	-	3	Terraced House
£450K	02/21	0.66 mi	3, Tansy Close, London, Greater London E6 5NS	£6,021	75	3	Semi-Detached House
£460K	07/21	0.72 mi	11, Tuppy Street, London, Greater London SE28 0GA	£5,974	77	3	Detached House
£460K	07/21	0.72 mi	11, Tuppy Street, London, Greater London SE28 0GA	£5,974	77	3	Detached House
£470K	05/22	0.73 mi	33, Vulcan Close, London, Greater London E6 5NY	£5,802	81	3	Semi-Detached House
£410K	04/23	0.77 mi	17, Belson Road, London, Greater London SE18 5PU	£4,695	87	3	Terraced House
£480K	10/21	0.78 mi	124, Savage Gardens, London, Greater London E6 5PU	£4,486	107	3	Semi-Detached House
£495K	06/23	0.78 mi	102, Savage Gardens, London, Greater London E6 5PU	£6,972	71	3	Terraced House
£480K	10/21	0.78 mi	124, Savage Gardens, London, Greater London E6 5PU	£4,486	107	3	Semi-Detached House
£435K	06/21	0.79 mi	11, Tynemouth Close, London, Greater London E6 6ZE	£4,833	90	3	Detached House
£620K	12/22	0.81 mi	21, Allenby Road, London, Greater London SE28 0BF	£4,189	148	3	Semi-Detached House
£420K	08/21	0.81 mi	66, Allenby Road, London, Greater London SE28 0BN	£5,064	83	3	Terraced House
£455K	09/21	0.82 mi	26, Porter Road, London, Greater London E6 5PN	£6,799	67	3	Detached House
£530K	01/21	0.82 mi	10, Harper Road, London, Greater London E6 5PZ	£9,636	55	3	Semi-Detached House
£475K	08/23	0.83 mi	91, Ruston Road, London, Greater London SE18 5QX	£4,060	117	3	Terraced House
£490K	12/22	0.83 mi	13, Brandreth Road, London, Greater London E6 5QB	£7,000	70	3	Semi-Detached House
£425K	06/23	0.83 mi	20, Brewhouse Road, London, Greater London SE18 5SJ	£4,885	87	3	Terraced House
£495K	12/22	0.84 mi	30, Downings, London, Greater London E6 6WP	-	-	3	Terraced House
£370K	05/23	0.84 mi	57, Harlinger Street, London, Greater London SE18 5SX	-	-	3	Terraced House
£350K	12/20	0.86 mi	57, Camelot Close, London, Greater London SE28 0ET	£3,763	93	3	Semi-Detached House
£410K	06/21	0.87 mi	82, Jessup Close, London, Greater London SE18 7HB	£3,832	107	3	Terraced House
£440K	06/23	0.87 mi	76, Princess Alice Way, London, Greater London SE28 0HQ	£5,238	84	3	Detached House
£515K	02/23	0.88 mi	17, Harlinger Street, London, Greater London SE18 5SU	£6,688	77	3	Terraced House
£450K	08/23	0.88 mi	3, Broadwater Road, London, Greater London SE28 0AZ	-	-	3	Terraced House
£444K	04/23	0.92 mi	195, Whinchat Road, London, Greater London SE28 0DR	-	-	3	Terraced House
£415K	02/21	0.92 mi	66, Garrick Drive, London, Greater London SE28 0EQ	£6,659	62	3	Semi-Detached House
£400K	06/23	0.95 mi	28, Ware Point Drive, London, Greater London SE28 0HL	-	-	3	Terraced House
£467K	08/21	0.96 mi	17, Ridge Close, London, Greater London SE28 0HX	-	-	3	Terraced House
£390K	11/22	0.96 mi	41, Ridge Close, London, Greater London SE28 0HX	£3,874	101	3	Detached House
£430K	03/23	0.97 mi	121, Burrage Road, London, Greater London SE18 7LN	£4,778	90	3	Terraced House
£390K	01/21	0.98 mi	2, Richard Close, London, Greater London SE18 5EB	£5,132	76	3	Semi-Detached House
£405K	02/23	0.99 mi	10, Walmer Terrace, London, Greater London SE18 7EG	£4,765	85	3	Terraced House
£375K	07/21	0.99 mi	15, Gadwall Way, London, Greater London SE28 0DB	£5,682	66	3	Terraced House
£420K	05/23	0.99 mi	9, Gadwall Way, London, Greater London SE28 0DB	-	-	3	Terraced House
£445K	03/22	1 mi	1, Bluebird Way, London, Greater London SE28 0HY	-	-	3	Semi-Detached House
£425K	12/22	1 mi	4, Goosander Way, London, Greater London SE28 0ER	-	-	3	Terraced House
£355K	12/20	1 mi	18, Goosander Way, London, Greater London SE28 0ER	£4,863	73	3	Semi-Detached House

Local Rents

47 rents from £1K/mo to £3.9K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	12/24	0.05 mi	-	3	Flat
£1,950	04/25	0.05 mi	-	3	Flat
£2,150	03/24	0.06 mi	-	3	Terraced House
£1,842	12/24	0.08 mi	Albert Road , London, E16	3	Flat
£2,275	11/24	0.11 mi	-	3	Flat
£2,000	05/24	0.11 mi	-	3	Flat
£2,015	05/24	0.11 mi	Albert Road, London, E16	3	Flat
£2,015	05/24	0.11 mi	Albert Road, London, E16	3	Flat
£2,200	03/24	0.13 mi	-	3	Terraced House
£2,400	02/24	0.24 mi	-	3	Terraced House
£2,700	02/24	0.24 mi	-	3	Terraced House
£2,900	03/24	0.29 mi	Lowestoft Mews, London, E16 2ST	3	Flat
£2,700	03/24	0.3 mi	Lowestoft Mews, Gallions Reach, London, E16	3	Flat
£3,300	02/24	0.33 mi	-	3	Flat
£3,300	02/24	0.33 mi	-	3	Flat
£3,100	12/24	0.33 mi	-	3	Flat
£3,100	12/24	0.33 mi	-	3	Flat
£3,100	12/24	0.33 mi	-	3	Flat
£3,100	12/24	0.33 mi	-	3	Flat
£3,100	02/25	0.33 mi	-	3	Flat
£3,100	02/25	0.33 mi	-	3	Flat
£3,000	12/24	0.33 mi	-	3	Flat
£3,000	12/24	0.33 mi	-	3	Flat
£3,000	12/24	0.33 mi	-	3	Flat
£3,100	04/24	0.33 mi	Lowestoft Mews, London, E16	3	Flat
£1,000	01/25	0.36 mi	-	3	Detached House
£1,950	03/24	0.37 mi	-	3	Flat
£2,600	12/24	0.37 mi	-	3	Flat
£1,950	03/24	0.38 mi	Hartlepool Court, , Royal Docks	3	Flat
£3,500	08/24	0.44 mi	-	3	House
£1,890	11/24	0.49 mi	-	3	Flat
£3,850	08/24	0.51 mi	Mast Quay, SE18	3	Flat
£2,200	02/25	0.53 mi	-	3	Flat
£3,300	03/25	0.57 mi	-	3	Flat
£2,850	12/24	0.58 mi	-	3	Flat
£3,100	02/24	0.58 mi	-	3	Flat
£3,775	02/25	0.58 mi	-	3	Flat
£3,350	03/24	0.58 mi	-	3	Flat
£2,750	08/24	0.59 mi	Thunderer Walk, Woolwich, London, SE18	3	Flat
£2,950	08/24	0.59 mi	Naval House, Woolwich Riverside, London, SE18	3	Flat
£3,650	08/24	0.59 mi	Windsor Square, Woolwich, London, SE18	3	Flat
£3,600	08/24	0.6 mi	Building 48, Woolwich Riverside, London, SE18	3	Flat
£2,250	04/24	0.6 mi	Agnes Close, Beckton, E6	3	Terraced House
£2,700	03/25	0.6 mi	-	3	Flat
£2,500	03/24	0.61 mi	Albert Basin Way, London	3	Flat
£2,400	04/24	0.61 mi	Devalls Close, Beckton	3	Terraced House
£3,500	08/24	0.61 mi	Building 48, Marlborough Road, Woolwich, London, SE18	3	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	7.52 miles away7.52 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.10 miles away0.10 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 £425,000

February 24, 2025

Floor Plans

Description

Three Spacious Bedrooms – Well-sized and filled with natural light. +
End of Terrace – Offering additional space and privacy. +
Great Potential for Modernisation – An opportunity to add value and personalize. +
Private Rear Garden – Ideal for outdoor entertaining or future extensions (STPP). +
Excellent Transport Links – Moments from King George V DLR, Woolwich Ferry, and the Elizabeth Line for fast access to Central London. +
Nearby Amenities – Close to Royal Victoria Gardens, local shops, and Gallions Reach Shopping Park. +
Family-Friendly Location – Well-positioned near schools, parks, and local services. +

*NO CHAIN - Spacious 3-Bedroom End of Terrace Home with Garden & King George V At Your Doorstep*

The Property
A fantastic opportunity to acquire this three-bedroom end of terrace home, ideally located just moments from King George V DLR Station. Offering spacious living areas, a private garden, and great potential for modernisation, this home is perfect for families, investors, or those looking to create their dream home.

The ground floor boasts a generously sized living room, providing ample space for both relaxation and dining. The separate kitchen offers great potential for improvement, leading directly to the large private rear garden, an excellent space for entertaining or future extensions (STPP). Upstairs, you’ll find three well-proportioned bedrooms, all offering great natural light and storage potential. The family bathroom is located on the first floor, ensuring added convenience.

The Location
Situated on Pier Road, E16, this home benefits from superb connectivity and a thriving riverside community. King George V DLR Station is just a short walk away, offering quick access to Canary Wharf, Stratford, and Central London. The nearby Woolwich Ferry and the Elizabeth Line at Woolwich provide further transport options, making commuting seamless.

For leisure and relaxation, Royal Victoria Gardens is close by, offering green open spaces and riverside walks. The area also features local shops, supermarkets, and cafes, while Gallions Reach Shopping Park provides a wider variety of retail stores and dining options.

Agent Details

Portico, Ilford

020 3840 3704

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents