2 Bed Terraced House, Refurb/BRRR, London, E14 3AA, £535,000

Harbinger Road, London, E14 3AA - 2 views - 2 months ago

Refurb/BRRR

ROI: 1%

~68 m²

+4 photos

ValuationFair Value

Sold Prices	£420K - £1.0M
Sold Prices/m²	£5.2K/m² - £12.4K/m²

Square Metres	~68.11 m²
Price/m²	£7.9K/m²
Value Estimate	£535,000£535,000

End Value (After Refurb)	£540,303£540,303
Uplift in Value	+1%+1%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£133,750£133,750
Stamp Duty & Legal Fees	£31,500£31,500
Refurb Costs	£36,043£36,043
Bridging Loan Interest	£14,044£14,044
Total Cash In	£217,087£217,087

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£540,303£540,303
Mortgage (After Refinance)	£405,228£405,228
Mortgage LTV	75%75%
Cash Released	£3,978£3,978
Cash Left In	£213,109£213,109
Equity	£135,076£135,076
Rent Range	£1,000 - £4,500£1,000 - £4,500
Rent Estimate	£2,308
Running Costs/mo	£2,170£2,170
Cashflow/mo	£138£138
Cashflow/yr	£1,655£1,655
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £420K to £1.0M, average is £618K. £5.2K/m² to £12.4K/m², average is £8.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£532.5K	04/21	0.03 mi	44, Cahir Street, London, Greater London E14 3QR	£7,831	68	2	Terraced House
£520K	08/22	0.05 mi	28, Hesperus Crescent, Isle Of Dogs, London, Greater London E14 3AD	-	-	2	Terraced House
£550K	06/21	0.05 mi	21, Harbinger Road, London, Greater London E14 3AA	£8,047	68	2	Terraced House
£540K	01/23	0.07 mi	133, Hesperus Crescent, Isle Of Dogs, London, Greater London E14 3AB	-	-	2	Terraced House
£465K	10/20	0.13 mi	3, Taeping Street, London, Greater London E14 9UN	£8,807	53	2	Terraced House
£610K	05/21	0.18 mi	10, Magellan Place, London, Greater London E14 3QW	£9,385	65	2	Terraced House
£610K	05/21	0.19 mi	10, Magellan Place, London, Greater London E14 3QW	£9,385	65	2	Terraced House
£539K	06/21	0.19 mi	9, Undine Road, London, Greater London E14 9UW	£7,700	70	2	Terraced House
£630K	04/21	0.32 mi	44, Manchester Grove, London, Greater London E14 3BG	£9,692	65	2	Semi-Detached House
£553K	03/21	0.33 mi	11, Manchester Grove, London, Greater London E14 3BG	£9,066	61	2	Terraced House
£650K	11/22	0.34 mi	27, Manchester Road, London, Greater London E14 3BD	-	-	2	Terraced House
£620K	06/21	0.43 mi	23, Friars Mead, London, Greater London E14 3JY	£7,912	78	2	Terraced House
£620K	11/21	0.43 mi	47, Friars Mead, London, Greater London E14 3JY	£8,493	73	2	Terraced House
£527K	07/23	0.44 mi	34, Claire Place, London, Greater London E14 8NJ	£9,246	57	2	Terraced House
£540K	09/21	0.45 mi	13, Claire Place, London, Greater London E14 8NJ	£9,424	57	2	Terraced House
£565K	01/21	0.46 mi	4, Friars Mead, London, Greater London E14 3JZ	-	-	2	Semi-Detached House
£1.0M	12/20	0.49 mi	10, Goodhart Place, London, Greater London E14 8EG	£7,765	132	2	Terraced House
£540K	05/21	0.51 mi	45, Henrietta Close, London, Greater London SE8 3EJ	£6,067	89	2	Semi-Detached House
£556K	06/21	0.56 mi	17, Rotterdam Drive, London, Greater London E14 3JA	-	-	2	Terraced House
£575K	10/21	0.56 mi	16, Rotterdam Drive, London, Greater London E14 3JA	£6,686	86	2	Terraced House
£700K	06/23	0.56 mi	5, Francis Close, London, Greater London E14 3DE	-	-	2	Terraced House
£461K	06/21	0.57 mi	14, Blyth Close, London, Greater London E14 3DU	£9,220	50	2	Terraced House
£500K	01/21	0.57 mi	4, Francis Close, London, Greater London E14 3DE	£8,475	59	2	Terraced House
£610K	01/21	0.59 mi	11, Cardale Street, London, Greater London E14 3LN	£7,922	77	2	Terraced House
£555.6K	02/21	0.59 mi	5, Cardale Street, London, Greater London E14 3LN	£9,259	60	2	Terraced House
£665K	08/22	0.61 mi	20, Grosvenor Wharf Road, London, Greater London E14 3EF	£8,418	79	2	Terraced House
£528K	11/20	0.61 mi	3, Chichester Way, London, Greater London E14 3EG	£8,516	62	2	Terraced House
£715K	10/20	0.74 mi	66, Roan Street, London, Greater London SE10 9JT	£9,677	74	2	Terraced House
£810K	04/21	0.75 mi	13, St Alfege Passage, London, Greater London SE10 9JS	£6,983	116	2	Terraced House
£601K	09/22	0.77 mi	24, Carteret Way, London, Greater London SE8 3QA	£7,329	82	2	Terraced House
£695K	12/20	0.78 mi	13, Randall Place, London, Greater London SE10 9LA	£12,039	58	2	Terraced House
£705K	10/20	0.78 mi	9, Randall Place, London, Greater London SE10 9LA	£9,930	71	2	Terraced House
£720.5K	03/21	0.78 mi	57, Randall Place, London, Greater London SE10 9LA	£9,237	78	2	Terraced House
£725K	04/21	0.78 mi	43, Randall Place, London, Greater London SE10 9LA	£11,619	62	2	Semi-Detached House
£695K	05/24	0.78 mi	39, Randall Place, London, Greater London SE10 9LA	£10,072	69	2	Terraced House
£725K	02/21	0.79 mi	18, Churchfields, London, Greater London SE10 9JZ	£9,154	79	2	Terraced House
£610K	01/21	0.81 mi	65, Straightsmouth, London, Greater London SE10 9LB	£8,714	70	2	Semi-Detached House
£625K	05/21	0.81 mi	53, Straightsmouth, London, Greater London SE10 9LB	£8,562	73	2	Terraced House
£630K	03/23	0.81 mi	63, Straightsmouth, London, Greater London SE10 9LB	£7,920	80	2	Semi-Detached House
£701.5K	08/23	0.81 mi	53, Straightsmouth, London, Greater London SE10 9LB	£9,610	73	2	Terraced House
£805K	01/21	0.83 mi	52, Straightsmouth, London, Greater London SE10 9LD	£12,385	65	2	Terraced House
£695K	02/21	0.83 mi	78, Straightsmouth, London, Greater London SE10 9LD	£9,929	70	2	Terraced House
£592.5K	06/21	0.83 mi	50, Straightsmouth, London, Greater London SE10 9LD	-	-	2	Terraced House
£700K	06/21	0.83 mi	72, Straightsmouth, London, Greater London SE10 9LD	£6,306	111	2	Terraced House
£660K	04/21	0.84 mi	68, Rope Street, London, Greater London SE16 7TF	£5,238	126	2	Terraced House
£420K	06/21	0.88 mi	4, Sapphire Road, London, Greater London SE8 5RN	£6,092	69	2	Terraced House
£585K	04/21	0.91 mi	11, Gibson Street, London, Greater London SE10 9AD	£9,435	62	2	Terraced House
£618K	09/21	0.91 mi	20, Banning Street, London, Greater London SE10 9PH	£7,561	82	2	Terraced House
£650K	06/21	0.91 mi	26, Banning Street, London, Greater London SE10 9PH	£10,156	64	2	Terraced House
£618K	01/24	0.93 mi	27, Braddyll Street, London, Greater London SE10 9AE	£10,844	57	2	Terraced House
£618K	01/24	0.93 mi	27, Braddyll Street, London, Greater London SE10 9AE	£10,844	57	2	Terraced House

Local Rents

50 rents from £1K/mo to £4.5K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	04/24	0.03 mi	Harbinger Road, London, London, E14	2	Flat
£1,000	12/24	0.04 mi	-	2	Detached House
£1,000	01/25	0.04 mi	-	2	Detached House
£2,700	02/24	0.04 mi	-	2	Terraced House
£2,300	04/24	0.08 mi	1 Forge Square, E14	2	Flat
£2,200	03/24	0.08 mi	Forge Square, London, London, E14	2	Flat
£2,200	03/24	0.08 mi	Forge Square, London, London, E14	2	Flat
£2,200	03/24	0.08 mi	Forge Square, London, London, E14	2	Flat
£1,800	03/24	0.08 mi	Mudchute, London, E14	2	Flat
£1,900	04/24	0.08 mi	Mudchute, London, E14	2	Flat
£2,600	01/25	0.09 mi	-	2	Flat
£1,795	01/25	0.09 mi	-	2	Flat
£1,695	01/25	0.09 mi	-	2	Flat
£1,750	12/24	0.09 mi	Taeping Street, London, E14	2	Flat
£1,746	04/24	0.09 mi	Telegraph Place	2	Detached House
£1,950	12/24	0.1 mi	-	2	Flat
£1,800	03/24	0.1 mi	Taeping Street, Millwall, E14	2	Flat
£2,100	12/24	0.1 mi	-	2	Flat
£2,600	04/24	0.11 mi	Forge Square, Cubitt Town, E14	2	Flat
£2,200	12/24	0.11 mi	Forge Square, Cubitt Town, E14	2	Flat
£2,000	03/24	0.11 mi	-	2	Flat
£2,000	03/24	0.11 mi	Thermopylae Gate, London, E14	2	Flat
£1,900	04/24	0.11 mi	Thermopylae Gate, London, E14	2	Flat
£1,900	05/24	0.11 mi	Thermopylae Gate, London, E14	2	Flat
£2,100	03/24	0.11 mi	Westferry Road, London, London, London, E14	2	Flat
£2,200	05/24	0.11 mi	Westferry Road, London, E14	2	Flat
£2,300	03/24	0.11 mi	Forge Square, Canary Wharf, E14	2	Flat
£2,250	04/24	0.11 mi	Flat 3, 1, Forge Square, London, London, London, E14	2	Flat
£2,250	04/24	0.11 mi	Flat 3, 1, Forge Square, London, E14	2	Flat
£2,300	04/24	0.11 mi	Forge Square, London, E14	2	Flat
£2,400	05/24	0.11 mi	Forge square, London, E14	2	Flat
£1,995	12/24	0.13 mi	-	2	Flat
£3,900	02/24	0.13 mi	-	2	Flat
£4,500	02/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£4,500	04/25	0.13 mi	-	2	Flat
£1,950	03/24	0.13 mi	-	2	Flat
£2,250	12/24	0.13 mi	-	2	Flat
£3,000	12/24	0.14 mi	-	2	Flat
£3,000	12/24	0.14 mi	-	2	Flat
£2,500	01/25	0.14 mi	-	2	Flat
£1,950	05/24	0.14 mi	Telegraph Place, London, E14	2	Flat
£3,200	04/25	0.14 mi	-	2	Flat

Local Area Statistics

Population in E14	79,76079,760
Population in London	4,771,9214,771,921
Town centre distance	4.57 miles away4.57 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.17 miles away0.17 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 £535,000

February 26, 2025

Floor Plans

Description

Two bedroom house +
Chain free +
Original features +
Residential road +
Close to transport links +

This charming two-bedroom period terraced house offers fantastic potential for modernisation and refurbishment, presenting a wonderful opportunity to create a dream home. While the property retains several original features that highlight its character, it is in need of some updates to fully realise its potential. The accommodation is generously spread across two floors, with spacious rooms throughout. Situated on a quiet road, the property is well-located with easy access to local amenities, picturesque parks, and Mudchute Farm. The Thames is just a three-minute walk away, and excellent transport links, including Canary Wharf and Mudchute DLR stations, offer quick and easy access to the city. With its attractive price, this property also presents an excellent investment opportunity in a sought-after location.

Agent Details

Franklyn James, Westferry

020 3834 8543

Next Steps?

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

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