3 Bed Flat, Refurb/BRRR, London, SE17 1TG, £399,950

Congreve Street, London, SE17 1TG - 11 views - a month ago

Refurb/BRRR

Planning

ROI: 1%

~93 m²

+1 photos

ValuationFair Value

Sold Prices	£302.3K - £900K
Sold Prices/m²	£3.7K/m² - £22K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£403,950£403,950

End Value (After Refurb)	£713,564£713,564
Uplift in Value	+78%+78%
You could potentially get back more cash than you put into this deal. All your cash out plus £45,079 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£99,988£99,988
Stamp Duty & Legal Fees	£28,695£28,695
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£10,499£10,499
Total Cash In	£190,131£190,131

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£713,564£713,564
Agent Fees (1%)	£7,136£7,136
Bridging Loan	£299,963£299,963
Bridging Loan Interest	£10,499£10,499
Flip Profit	£216,334£216,334

Local Sold Prices

50 sold prices from £302.3K to £900K, average is £469K. £3.7K/m² to £22K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£385K	09/21	0.06 mi	Flat 49, Eugene Cotter House, Beckway Street, London, Greater London SE17 1QS	-	-	3	Flat
£350K	01/21	0.09 mi	Flat 8, Dormstone House, Congreve Street, London, Greater London SE17 1TA	£3,977	88	3	Flat
£567K	06/21	0.1 mi	61, Darwin Street, London, Greater London SE17 1EZ	£7,560	75	3	Flat
£510K	06/21	0.1 mi	Flat 2, Detling House, Congreve Street, London, Greater London SE17 1SZ	-	-	3	Flat
£470K	03/21	0.1 mi	Flat 4, Detling House, Congreve Street, London, Greater London SE17 1SZ	-	-	3	Flat
£475K	05/23	0.14 mi	Flat 5, Culand House, Congreve Street, London, Greater London SE17 1ST	-	-	3	Flat
£376K	12/20	0.19 mi	Flat 96, Dawes House, Orb Street, London, Greater London SE17 1RD	-	-	3	Flat
£702.5K	12/20	0.26 mi	77, Henshaw Street, London, Greater London SE17 1PE	£21,953	32	3	Flat
£355K	02/23	0.3 mi	Flat 10, Bethersden House, Kinglake Estate, London, Greater London SE17 2LH	-	-	3	Flat
£862.5K	08/23	0.3 mi	11, Victory Place, London, Greater London SE17 1PG	-	-	3	Flat
£405K	11/21	0.41 mi	Flat 15, Dorking House, Pardoner Street, London, Greater London SE1 4DP	-	-	3	Flat
£390K	08/21	0.42 mi	Flat 15, Godstone House, Pardoner Street, London, Greater London SE1 4DT	-	-	3	Flat
£687K	01/23	0.43 mi	63b, Larcom Street, London, Greater London SE17 1NJ	-	-	3	Flat
£450K	08/24	0.45 mi	10a, Dunton Road, London, Greater London SE1 5TJ	£4,245	106	3	Flat
£361K	12/20	0.5 mi	Flat 12, James Stroud House, Walworth Place, London, Greater London SE17 2TQ	-	-	3	Flat
£350K	02/21	0.5 mi	Flat 10, James Stroud House, Walworth Place, London, Greater London SE17 2TQ	-	-	3	Flat
£352K	03/21	0.51 mi	Flat 13, Harry Hinkins House, Walworth Place, London, Greater London SE17 2TH	-	-	3	Flat
£500K	06/21	0.55 mi	Flat 26, Strood House, Manciple Street, London, Greater London SE1 4LR	-	-	3	Flat
£415K	09/21	0.55 mi	Flat 59, St. Peters House, Queens Row, London, Greater London SE17 2PU	-	-	3	Flat
£492K	02/21	0.56 mi	Flat 10, Tomson House, St Saviours Estate, London, Greater London SE1 3DJ	-	-	3	Flat
£900K	06/23	0.58 mi	45, Leathermarket Court, London, Greater London SE1 3HS	£10,714	84	3	Flat
£420K	12/20	0.62 mi	314, Neckinger Estate, London, Greater London SE16 3QD	£4,709	89	3	Flat
£302.3K	07/21	0.62 mi	8, Gateway, London, Greater London SE17 3HQ	£3,731	81	3	Flat
£465K	06/21	0.66 mi	Flat 108, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£460K	11/20	0.66 mi	Flat 109, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£405K	05/23	0.66 mi	Flat 92, Penrose House, Penrose Street, London, Greater London SE17 3EA	-	-	3	Flat
£470.3K	03/21	0.68 mi	8, Borrett Close, London, Greater London SE17 3JF	£5,405	87	3	Flat
£470K	01/23	0.68 mi	6, Borrett Close, London, Greater London SE17 3JF	£5,402	87	3	Flat
£375K	10/23	0.7 mi	Flat 19, Longland Court, Rolls Road, London, Greater London SE1 5HA	-	-	3	Flat
£525K	06/23	0.71 mi	7, Pasley Close, London, Greater London SE17 3JY	£6,563	80	3	Flat
£445K	11/20	0.71 mi	120, Penrose Street, London, Greater London SE17 3ED	£6,846	65	3	Flat
£480K	03/21	0.71 mi	32, Marsland Close, London, Greater London SE17 3JW	£6,234	77	3	Flat
£420K	02/21	0.74 mi	140, Amina Way, London, Greater London SE16 3UW	£4,941	85	3	Flat
£683K	03/21	0.75 mi	84, Carter Street, London, Greater London SE17 3EW	£8,432	81	3	Flat
£550K	06/21	0.75 mi	94a, Carter Street, London, Greater London SE17 3EW	£7,971	69	3	Flat
£350K	06/21	0.77 mi	Flat 8, Downend Court, Bibury Close, London, Greater London SE15 6AQ	-	-	3	Flat
£700K	11/20	0.77 mi	Flat 27, Pitman Building, Abbey Street, London, Greater London SE16 4EH	-	-	3	Flat
£519.4K	10/21	0.79 mi	Flat 15, Betsham House, Newcomen Street, London, Greater London SE1 1YU	-	-	3	Flat
£340K	01/21	0.79 mi	Flat 11, Westonbirt Court, Ebley Close, London, Greater London SE15 6BH	£4,000	85	3	Flat
£492.9K	03/23	0.8 mi	Flat 45, Collinson Court, Great Suffolk Street, London, Greater London SE1 1PA	-	-	3	Flat
£475K	10/21	0.8 mi	Flat 44, Collinson Court, Great Suffolk Street, London, Greater London SE1 1PA	-	-	3	Flat
£468K	07/23	0.81 mi	Flat 16, Bowley House, Dickens Estate, London, Greater London SE16 4SZ	-	-	3	Flat
£630K	10/20	0.82 mi	83a, Lorrimore Road, London, Greater London SE17 3LZ	£7,975	79	3	Flat
£695K	06/21	0.83 mi	34b, Urlwin Street, London, Greater London SE5 0NF	£8,688	80	3	Flat
£500K	10/20	0.84 mi	164, Olney Road, London, Greater London SE17 3HR	£5,952	84	3	Flat
£380K	04/21	0.84 mi	196, Olney Road, London, Greater London SE17 3HR	£4,130	92	3	Flat
£680K	06/21	0.85 mi	54, Ambergate Street, London, Greater London SE17 3RX	-	-	3	Flat
£424.2K	06/23	0.85 mi	37, Lorrimore Square, London, Greater London SE17 3QU	£6,238	68	3	Flat
£865K	09/23	0.86 mi	49, Oxford Drive, London, Greater London SE1 2FB	£7,349	118	3	Flat
£357.5K	11/20	0.86 mi	Flat 14, Alder House, Alder Close, London, Greater London SE15 6LH	-	-	3	Flat

Local Rents

50 rents from £980/mo to £6K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,597	08/24	0 mi	Congreve Street	3	Flat
£2,999	08/24	0 mi	Congreve street, Elephant and Castle SE17	3	Flat
£2,000	08/24	0 mi	-	3	Flat
£2,500	10/23	0.02 mi	Congreve Street, Southwark, SE17	3	Flat
£980	08/24	0.06 mi	-	3	Flat
£2,899	08/24	0.08 mi	Massinger Street ( 14th August)	3	Flat
£2,925	08/24	0.1 mi	-	3	Flat
£3,200	08/24	0.11 mi	-	3	Flat
£3,077	08/24	0.12 mi	Waleran Flats Old Kent Road, Borough SE1	3	Flat
£2,600	08/24	0.13 mi	Tisdall Place, Elephant & Castle	3	House
£2,899	08/24	0.13 mi	-	3	Flat
£2,899	08/24	0.13 mi	Chatham Street, London, SE17	3	Flat
£2,995	08/24	0.14 mi	Chatham Street, London, SE17	3	Flat
£2,995	09/24	0.14 mi	-	3	Flat
£2,600	08/24	0.16 mi	East Street, London, SE17	3	Flat
£2,650	08/24	0.17 mi	Old Kent Road, London, SE1	3	Flat
£2,195	12/24	0.17 mi	Old Kent Road, London, SE1	3	Flat
£2,847	10/23	0.17 mi	Chatham Street, London, SE17	3	Flat
£3,500	12/24	0.17 mi	-	3	Flat
£3,000	08/24	0.19 mi	Orb Street, London, SE17	3	Flat
£2,600	10/23	0.19 mi	Orb Street, London, SE17	3	Flat
£2,899	08/24	0.21 mi	Chatham Street, Walworth	3	Flat
£2,350	09/24	0.21 mi	-	3	Flat
£2,675	08/24	0.21 mi	Dawes House, London, SE17	3	Flat
£3,500	08/24	0.21 mi	-	3	Flat
£4,493	08/24	0.22 mi	City Lights Point	3	Flat
£2,752	08/24	0.23 mi	Surrey Square, Walworth	3	Flat
£3,250	08/24	0.23 mi	Swanmead ( With a living room and private garden)	3	Flat
£3,402	08/24	0.23 mi	Henshaw Street, Elephant and Castle SE17	3	Flat
£3,259	08/24	0.23 mi	Henshaw Street, Elephant and Castle SE17	3	Terraced House
£4,000	08/24	0.25 mi	John Maurice Close, Elephant and Castle, London, SE17	3	Terraced House
£3,500	09/24	0.25 mi	John Maurice Close, Elephant and Castle, London, SE17	3	Terraced House
£3,998	08/24	0.26 mi	-	3	Flat
£3,000	08/24	0.26 mi	-	3	Flat
£3,000	08/24	0.26 mi	Madron Street, London, SE17	3	Flat
£2,648	08/24	0.27 mi	Madron Street, London, SE17	3	Flat
£3,100	12/24	0.27 mi	-	3	Terraced House
£3,600	09/24	0.27 mi	John Maurice Close, London, SE17	3	Terraced House
£3,198	08/24	0.28 mi	Balfour Street, London, SE17	3	Flat
£3,000	10/24	0.28 mi	-	3	Flat
£2,297	08/24	0.29 mi	Burge Street, London, SE1	3	Terraced House
£2,600	12/24	0.29 mi	Bartholomew Street, Borough, London	3	Flat
£2,500	08/24	0.3 mi	Peabody Estate, Rodney Road, London, SE17	3	Flat
£2,600	08/24	0.3 mi	-	3	Flat
£2,600	08/24	0.3 mi	Southborough House, London, SE17	3	Flat
£2,600	10/24	0.31 mi	-	3	Flat
£2,520	11/24	0.31 mi	-	3	Flat
£2,390	11/24	0.31 mi	-	3	Flat
£6,000	03/25	0.31 mi	-	3	Terraced House
£2,800	03/25	0.31 mi	-	3	Terraced House

Local Area Statistics

Population in SE17	31,52231,522
Population in London	4,771,9214,771,921
Town centre distance	2.67 miles away2.67 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £399,950

February 26, 2025

Description

Three double bedrooms, offering generous space +
Prime location with excellent transport links and amenities +
deal for both first-time buyers and investors +

This property at Comus, Congreve Street, London, SE17 1TG offers a fantastic opportunity for renovation in the heart of Elephant and Castle. With three double bedrooms and a spacious layout, this property is ideal for those looking to create a bespoke home or take on a project with significant potential for value increase.

Location:
Nestled in a rapidly evolving area, the property benefits from excellent transport links via Elephant and Castle Station, with access to both the Bakerloo Line and National Rail services. The surrounding area boasts a variety of local amenities, including Elephant Park, shops, and restaurants, while iconic destinations like Borough Market and South Bank are just a short distance away. Green spaces such as Kennington Park add further appeal to the location.

Investment Potential:
The property is ripe for modernisation and offers the potential to extend (subject to planning permission), making it an attractive option for buyers seeking long-term capital growth. As part of an area undergoing significant regeneration, properties in Elephant and Castle are seeing rising demand and strong returns.

This property is an exciting opportunity to create a stylish home or a profitable investment in one of London's most sought-after locations.

Agent Details

Oppida, Surrey Quays

020 3834 8080

Next Steps?

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

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