2 Bed Flat, Refurb/BRRR, London, E16 2GE, £375,000

The Renovation, Woolwich Manor Way, London, E16 2GE - 1 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£114K - £700K
Sold Prices/m²£4.1K/m² - £6.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£314,750

 

 

End Value (After Refurb)

£339,596

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£36,033

Bridging Loan Interest

£9,844

Total Cash In

£167,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£339,596

Mortgage (After Refinance)

£254,697

Mortgage LTV

75%

Cash Left In

£167,577

Equity

£84,899

Rent Range

£1,450 - £3,000

Rent Estimate

£1,853

Running Costs/mo

£1,452

Cashflow/mo

£401

Cashflow/yr

£4,814

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £114K to £700K, average is £395K. £4.1K/m² to £6.5K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£354K06/210.05 mi13, Lowestoft Mews, London, Greater London E16 2ST2
£298.8K05/210.09 mi363, Fishguard Way, London, Greater London E16 2RZ2
£320K06/210.09 mi385, Fishguard Way, London, Greater London E16 2RZ2
£282K06/210.14 mi28, Swansea Court, London, Greater London E16 2RT2
£290K03/210.17 mi51, Felixstowe Court, London, Greater London E16 2RR2
£290K04/230.19 mi113, Felixstowe Court, London, Greater London E16 2RS2
£400K11/210.21 mi62, Inverness Mews, London, Greater London E16 2SP2
£270K02/230.21 miFlat 9, Shaw House, Claremont Street, London, Greater London E16 2LP2
£246K04/210.33 miFlat 11, Queensland House, Rymill Street, London, Greater London E16 2LG2
£542.5K07/230.36 miFlat 168, Building 45, Hopton Road, London, Greater London SE18 6TL2
£460K02/230.36 miFlat 160, Building 45, Hopton Road, London, Greater London SE18 6TL2
£487.5K11/200.36 miFlat 162, Building 45, Hopton Road, London, Greater London SE18 6TL2
£485K02/230.36 miFlat 143, Building 45, Hopton Road, London, Greater London SE18 6TL2
£420K10/230.4 miFlat 96, Building 45, Hopton Road, London, Greater London SE18 6TJ2
£440K05/210.41 miFlat 31, Building 49, Argyll Road, London, Greater London SE18 6XB2
£450K03/210.41 miFlat 29, Building 49, Argyll Road, London, Greater London SE18 6XB2
£450K09/230.41 miFlat 22, Building 49, Argyll Road, London, Greater London SE18 6XB2
£567.5K06/230.41 miFlat 4, Building 49, Argyll Road, London, Greater London SE18 6XB2
£580K02/230.41 miFlat 33, Building 49, Argyll Road, London, Greater London SE18 6XB2
£575K06/210.41 miFlat 2, Building 37, Cadogan Road, London, Greater London SE18 6RB2
£440K05/210.42 miApartment 194, Building 50, Argyll Road, London, Greater London SE18 6PL2
£405K09/210.42 miApartment 296, Building 50, Argyll Road, London, Greater London SE18 6PP2
£455K07/230.42 miApartment 27, Building 50, Argyll Road, London, Greater London SE18 6PG2
£467.5K11/210.42 miApartment 209, Building 50, Argyll Road, London, Greater London SE18 6PL2
£485K04/210.42 miApartment 126, Building 50, Argyll Road, London, Greater London SE18 6PJ2
£450K03/230.42 miApartment 69, Building 50, Argyll Road, London, Greater London SE18 6PG2
£560K11/210.43 miFlat 57, Building 36, Marlborough Road, London, Greater London SE18 6XD2
£470K10/210.44 miApartment 193, Building 50, Argyll Road, London, Greater London SE18 6PL2
£465K04/230.44 miApartment 223, Building 50, Argyll Road, London, Greater London SE18 6PL2
£340K12/220.45 mi119, Erebus Drive, London, Greater London SE28 0GB2
£450K02/210.47 miFlat 364, Building 22, Cadogan Road, London, Greater London SE18 6YR2
£417.5K03/210.47 miFlat 306, Building 22, Cadogan Road, London, Greater London SE18 6YR2
£390K09/210.47 miFlat 103, Building 22, Cadogan Road, London, Greater London SE18 6YS2
£120K06/230.47 miFlat 67, Building 22, Cadogan Road, London, Greater London SE18 6YS2
£430K07/230.47 miFlat 120, Building 22, Cadogan Road, London, Greater London SE18 6YL2
£700K11/200.48 miApartment 4, Foundry House, Arsenal Way, London, Greater London SE18 6TE2
£334K08/230.52 mi62, Pier Way, London, Greater London SE28 0GP2
£325K07/230.52 mi64, Pier Way, London, Greater London SE28 0GP2
£265K06/210.54 mi65, Pier Way, London, Greater London SE28 0GQ2
£314K11/220.54 mi71, Pier Way, London, Greater London SE28 0GQ2
£310K08/210.55 mi23, Erebus Drive, London, Greater London SE28 0GB2
£325K06/230.6 miFlat 11, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£114K05/210.6 miFlat 13, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£322K11/220.6 miFlat 7, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£328.9K10/220.6 miFlat 14, Wilson Court, Allenby Road, London, Greater London SE28 0AL2
£330K06/230.62 mi75, Pettacre Close, London, Greater London SE28 0BX2
£335K02/230.62 miFlat 106, Lower Mast House, Mast Quay, London, Greater London SE18 5NF2
£275K07/230.64 miFlat 2, Eastgate House, Allenby Road, London, Greater London SE28 0BL2
£330K11/220.65 mi52, Pettacre Close, London, Greater London SE28 0GX2
£220K01/210.65 miFlat 211, Maritime House, Greens End, London, Greater London SE18 6HB2

Local Rents

50 rents from £1.4K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,60303/240.05 miThe Reflection, 2 Woolwich Manor Way, E162
£1,67503/240.09 miFishguard Way 2
£2,60004/240.12 miMasthead House, Rope Terrace, Royal Docks, London, E162
£1,72503/240.12 miFishguard Way, Galleons Lock, E162
£1,75003/240.12 miFishguard Way, Galleons Lock, E162
£1,80004/240.12 miSheerness Mews, London, E162
£1,80002/240.12 mi-2
£1,80005/240.12 mi-2
£1,85002/250.12 mi-2
£2,10205/240.13 miFishguard Way, Gallions Point, Royal Docks, City Airport, London, E16 2RG2
£1,80004/240.13 miFishguard Way, Canning Town2
£1,65012/240.14 mi-2
£1,75003/250.14 mi-2
£1,70012/240.14 mi-2
£1,97001/250.16 mi-2
£1,65003/240.16 miGlenister Street, E162
£1,45012/240.16 mi-2
£1,70004/240.17 miFelixstowe Court, London2
£1,60003/240.17 miFelixstowe Court, London2
£1,70003/240.17 mi39 ,Felixstowe Court, London, E162
£1,65002/240.18 mi-2
£2,05012/240.18 mi-2
£3,00001/250.18 mi-2
£2,10002/250.18 mi-2
£1,80012/240.18 mi-2
£1,75012/240.19 mi-2
£2,25001/250.19 mi-2
£2,50003/240.19 miCommodore House, Admiralty Avenue, London2
£1,70010/230.2 miFelixstowe Court, London2
£1,70005/240.2 miFelixstowe Court, London2
£2,10001/250.2 mi-2
£1,80003/240.2 miFishguard Way 2
£1,90004/240.21 miInverness Mews, London2
£1,95002/250.21 mi-2
£1,80012/240.21 mi-2
£1,80001/250.21 mi-2
£1,80005/240.21 miFishguard Way, London, E162
£1,80004/240.22 miFishguard Way, London2
£1,80004/240.22 miFishguard Way, Canning Town2
£1,89504/250.22 mi-2
£1,90003/240.22 miHull place, Royal Docks 2
£2,31012/240.22 mi-2
£1,90003/240.24 miSunderland Point , Galleons Lock, E162
£1,75002/240.24 mi-2
£1,75012/240.24 mi-2
£1,75005/240.24 mi-2
£1,50002/250.24 mi-2
£1,75004/240.24 miClaremont Close, London, E162
£1,80003/250.24 mi-2
£1,60002/250.24 mi-2

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

7.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £375,000

February 27, 2025

Floor Plans

Description

  • Chain Free +
  • Two Bedrooms +
  • High Ceilings +
  • Excellent Transport Links +
  • Top-Floor Apartment +
  • Bright and Airy Atmosphere +
  • Duplex +
  • Period Conversion +
  • Gated +
  • Allocated Parking +

If you're searching for a chain free home that truly stands out from the crowd, The Renovation is the perfect place for you. This exceptional two-bedroom duplex apartment offers a rare combination of history, character, and contemporary design. Once an industrial pump house, this unique property has been thoughtfully converted to preserve its original charm while seamlessly integrating modern comforts.

Spanning almost 1,000 sq ft of living space, this apartment is ideal for those who crave something beyond the ordinary. The high ceilings and strategically placed windows allow an abundance of natural light to fill the space, creating an inviting and airy atmosphere. The clever positioning of the windows ensures the apartment remains bright and welcoming, while offering complete privacy-a rare and valuable feature in urban living.

As the top-floor apartment, you're elevated above the hustle and bustle, offering a peaceful sanctuary in the heart of a vibrant area. The space feels expansive and open, yet maintains a cozy, intimate atmosphere, perfect for relaxed living or entertaining. With two spacious bedrooms and a stylish bathroom, this home offers everything you need, exuding both individuality and charm.

An intriguing feature of this home is the hidden access to one of the bedrooms, reminiscent of a secret door. This clever design adds an element of surprise and uniqueness.

King George V DLR station is just a short walk away, providing direct access to the Elizabeth Line and quick connections across the city. The Woolwich Ferry and nearby bus routes further enhance accessibility, making this location incredibly well-connected. And with Royal Victoria Gardens right at the doorstep, you can enjoy a tranquil green space just moments from home.
This is a rare opportunity to own something truly unique-don't miss your chance to make this exceptional property your own.

Agent Details

Kevin & Co, East London

020 8016 3942

Next Steps?

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