2 Bed Flat, Refurb/BRRR, London, SW11 4JA, £715,000

Meath Street, London, SW11 4JA - 23 days ago

Leasehold

Refurb/BRRR

ROI: 1%

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£262K - £1.2M
Sold Prices/m²	£6.9K/m² - £12K/m²

Square Metres	~68.11 m²
Price/m²	£10.5K/m²
Value Estimate	£629,765£629,765

End Value (After Refurb)	£708,765£708,765

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£178,750£178,750
Stamp Duty & Legal Fees	£60,200£60,200
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£18,769£18,769
Total Cash In	£295,502£295,502

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£708,765£708,765
Mortgage (After Refinance)	£531,573£531,573
Mortgage LTV	75%75%
Cash Left In	£295,502£295,502
Equity	£177,191£177,191
Rent Range	£1,450 - £5,500£1,450 - £5,500
Rent Estimate	£3,147
Running Costs/mo	£2,864£2,864
Cashflow/mo	£283£283
Cashflow/yr	£3,393£3,393
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £262K to £1.2M, average is £594.5K. £6.9K/m² to £12K/m², average is £9.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£465K	04/23	0.03 mi	20a - 20c, Battersea Park Road, London, Greater London SW11 4HY	-	-	2	Flat
£870K	03/21	0.04 mi	Flat 3, Prince Of Wales Mansions, Prince Of Wales Drive, London, Greater London SW11 4BG	-	-	2	Flat
£585K	12/23	0.04 mi	Flat 12a, Prince Of Wales Mansions, Prince Of Wales Drive, London, Greater London SW11 4BG	£9,669	61	2	Flat
£625K	09/23	0.05 mi	Flat 78, Albert Palace Mansions, Lurline Gardens, London, Greater London SW11 4DQ	-	-	2	Flat
£275K	02/21	0.1 mi	Flat 83, Park Court, Battersea Park Road, London, Greater London SW11 4LE	-	-	2	Flat
£330K	07/23	0.1 mi	Flat 3, Park Court, Battersea Park Road, London, Greater London SW11 4LD	-	-	2	Flat
£635K	09/21	0.11 mi	Flat 136, Albert Palace Mansions, Lurline Gardens, London, Greater London SW11 4DJ	-	-	2	Flat
£1.2M	12/23	0.16 mi	Flat 78, York Mansions, Prince Of Wales Drive, London, Greater London SW11 4BW	-	-	2	Flat
£480K	02/21	0.19 mi	245a, Queenstown Road, London, Greater London SW8 3NP	£7,732	62	2	Flat
£290K	05/23	0.23 mi	Flat 50, Lucas Court, Strasburg Road, London, Greater London SW11 5JF	-	-	2	Flat
£800K	04/24	0.23 mi	Primrose Mansions, Flat 18, Prince Of Wales Drive, London, Greater London SW11 4ED	£12,001	67	2	Flat
£375K	12/23	0.33 mi	Flat 81, Park South, Austin Road, London, Greater London SW11 5JN	-	-	2	Flat
£330K	03/21	0.33 mi	Flat 102, Park South, Austin Road, London, Greater London SW11 5JN	-	-	2	Flat
£850K	05/21	0.35 mi	Flat 15a, Overstrand Mansions, Prince Of Wales Drive, London, Greater London SW11 4HA	-	-	2	Flat
£470K	10/20	0.35 mi	Flat 25, Wenham House, Ascalon Street, London, Greater London SW8 4DY	-	-	2	Flat
£435K	06/23	0.35 mi	Flat 2, Wenham House, Ascalon Street, London, Greater London SW8 4DY	-	-	2	Flat
£370K	12/20	0.37 mi	Flat 17, Thessaly House, Thessaly Road, London, Greater London SW8 4EB	-	-	2	Flat
£625K	05/21	0.38 mi	Ground Floor Flat, 36, Ingelow Road, London, Greater London SW8 3QA	£9,058	69	2	Flat
£620K	04/21	0.39 mi	1, Emu Road, London, Greater London SW8 3PS	£11,481	54	2	Flat
£835K	06/23	0.39 mi	Flat 46a, Overstrand Mansions, Prince Of Wales Drive, London, Greater London SW11 4EY	-	-	2	Flat
£840K	06/23	0.39 mi	Flat 41a, Overstrand Mansions, Prince Of Wales Drive, London, Greater London SW11 4EY	-	-	2	Flat
£610K	06/21	0.41 mi	45, Tennyson Street, London, Greater London SW8 3SU	£9,385	65	2	Flat
£625K	03/23	0.41 mi	48, Tennyson Street, London, Greater London SW8 3SU	-	-	2	Flat
£545K	08/21	0.44 mi	Flat 80b, Overstrand Mansions, Prince Of Wales Drive, London, Greater London SW11 4EX	-	-	2	Flat
£915K	06/23	0.44 mi	Flat 71a, Overstrand Mansions, Prince Of Wales Drive, London, Greater London SW11 4EX	-	-	2	Flat
£395K	05/23	0.44 mi	Flat 44, Dresden House, Dagnall Street, London, Greater London SW11 5DP	-	-	2	Flat
£650K	03/23	0.44 mi	35a, Prairie Street, London, Greater London SW8 3PL	£11,017	59	2	Flat
£592K	12/20	0.46 mi	71, Stanley Grove, London, Greater London SW8 3PJ	£9,108	65	2	Flat
£565K	03/21	0.46 mi	121c, Queenstown Road, London, Greater London SW8 3RH	-	-	2	Flat
£625K	03/21	0.48 mi	35, Emu Road, London, Greater London SW8 3PQ	£9,921	63	2	Flat
£625K	03/21	0.48 mi	35, Emu Road, London, Greater London SW8 3PQ	£9,921	63	2	Flat
£615K	10/23	0.49 mi	49a, Emu Road, London, Greater London SW8 3PQ	£9,179	67	2	Flat
£610K	04/21	0.49 mi	85, Tennyson Street, London, Greater London SW8 3TH	£10,116	60	2	Flat
£560K	11/20	0.5 mi	9, Gambetta Street, London, Greater London SW8 3TS	£9,032	62	2	Flat
£615K	01/21	0.5 mi	59a, Ingelow Road, London, Greater London SW8 3PE	£10,250	60	2	Flat
£642K	01/21	0.51 mi	96, Ingelow Road, London, Greater London SW8 3PF	£10,700	60	2	Flat
£650K	12/23	0.51 mi	19, Gambetta Street, London, Greater London SW8 3TS	-	-	2	Flat
£580K	04/21	0.51 mi	115, Ingelow Road, London, Greater London SW8 3PE	£10,149	57	2	Flat
£601.5K	12/21	0.51 mi	65a, Ingelow Road, London, Greater London SW8 3PE	-	-	2	Flat
£582K	05/23	0.52 mi	13a, Tennyson Street, London, Greater London SW8 3ST	-	-	2	Flat
£430K	02/23	0.52 mi	202a, Battersea Park Road, London, Greater London SW11 4ND	£8,641	50	2	Flat
£270K	04/21	0.52 mi	Flat 18, Berry House, Dagnall Street, London, Greater London SW11 5DL	-	-	2	Flat
£1.0M	02/23	0.54 mi	Flat 11, Norfolk Mansions, Prince Of Wales Drive, London, Greater London SW11 4HL	-	-	2	Flat
£280K	12/20	0.55 mi	Flat 40, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LE	-	-	2	Flat
£275K	03/23	0.55 mi	Flat 62, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£262K	07/23	0.55 mi	Flat 48, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£262K	07/23	0.55 mi	Flat 48, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£625K	12/20	0.58 mi	50, Reform Street, London, Greater London SW11 5AJ	£9,921	63	2	Flat
£630K	03/23	0.61 mi	84, Reform Street, London, Greater London SW11 5AH	£9,403	67	2	Flat
£594.5K	10/23	0.61 mi	110, Reform Street, London, Greater London SW11 5AH	£11,501	52	2	Flat
£430K	03/21	0.63 mi	5, Corben Mews, London, Greater London SW8 4TA	£6,935	62	2	Flat

Local Rents

50 rents from £1.4K/mo to £5.5K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,249	09/24	0.01 mi	Meath Street, Battersea, London, SW11	2	Flat
£1,850	09/24	0.03 mi	Albert Palace Mansions, SW11	2	Flat
£2,500	09/24	0.03 mi	Albert Palace Mansions, Lurline Gardens, London	2	Flat
£2,550	12/24	0.04 mi	-	2	Flat
£4,500	03/25	0.04 mi	-	2	Flat
£2,300	11/24	0.05 mi	-	2	Flat
£2,850	10/24	0.05 mi	-	2	Flat
£3,250	09/24	0.05 mi	Prince of Wales Mansions, Prince of Wales Drive, SW11	2	Flat
£2,999	09/24	0.06 mi	Lurline Gardens, SW11	2	Flat
£2,950	09/24	0.06 mi	Battersea Park Road, SW8	2	Flat
£3,000	09/24	0.06 mi	Battersea Park Road, Battersea, SW8	2	Flat
£3,000	09/24	0.06 mi	Battersea Park Road, Battersea, SW8	2	Flat
£2,850	09/24	0.07 mi	-	2	Flat
£2,201	09/24	0.08 mi	Lurline Gardens, SW11	2	Flat
£3,360	03/25	0.11 mi	-	2	Flat
£2,800	03/25	0.11 mi	-	2	Flat
£2,750	03/25	0.11 mi	-	2	Flat
£3,600	09/24	0.11 mi	Patcham Terrace, Wandsworth, SW8	2	Flat
£3,600	09/24	0.11 mi	Patcham Terrace, Wandsworth, SW8	2	Flat
£1,650	03/25	0.11 mi	-	2	Flat
£4,000	09/24	0.14 mi	Patcham Terrace, London, SW8	2	Flat
£2,500	11/24	0.14 mi	-	2	Flat
£2,250	03/25	0.14 mi	-	2	Flat
£2,250	09/24	0.14 mi	-	2	Flat
£2,350	09/24	0.14 mi	-	2	Flat
£3,467	09/24	0.14 mi	Prince of Wales Drive London SW11	2	Flat
£2,000	09/24	0.14 mi	-	2	Flat
£3,857	09/24	0.14 mi	Huntington House, 11 Palmer Road, Battersea	2	Flat
£4,000	09/24	0.15 mi	-	2	Flat
£3,500	09/24	0.15 mi	Kingsway Square, SW11	2	Flat
£3,163	09/24	0.16 mi	Brogan House, Battersea Exchange, Battersea SW8	2	Flat
£2,750	09/24	0.17 mi	-	2	Flat
£2,850	09/24	0.17 mi	-	2	Flat
£2,850	12/24	0.17 mi	-	2	Flat
£1,450	11/24	0.17 mi	-	2	Flat
£3,943	09/24	0.17 mi	Palmer Road, London, SW11	2	Flat
£3,250	09/24	0.17 mi	The Bridge, Queenstown Road, Battersea, SW11	2	Flat
£2,750	09/24	0.17 mi	Drapers Court, London, SW11	2	Flat
£2,750	09/24	0.17 mi	-	2	Flat
£3,300	03/25	0.17 mi	-	2	Flat
£3,000	09/24	0.17 mi	Mountford Mansions, Kingsway Square, 100 Battersea Park Road	2	Flat
£3,792	09/24	0.17 mi	The Bridge, 334 Queenstown Road, Battersea, London, SW8	2	Flat
£3,360	12/24	0.17 mi	-	2	Flat
£2,250	01/25	0.17 mi	-	2	Flat
£2,700	09/24	0.17 mi	-	2	Flat
£2,800	11/24	0.17 mi	-	2	Flat
£2,800	12/24	0.17 mi	-	2	Flat
£3,200	03/25	0.17 mi	-	2	Flat
£3,467	09/24	0.17 mi	Prince of Wales Drive London SW11	2	Flat
£5,500	09/24	0.17 mi	-	2	Flat

Local Area Statistics

Population in SW11	70,15270,152
Population in London	4,771,9214,771,921
Town centre distance	4.02 miles away4.02 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.11 miles away0.11 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+1%+1%

Property History

Listed for £715,000

March 4, 2025

Floor Plans

Description

Substantial Split Level Period Conversion Flat +
2 Large Double Bedrooms +
Over 1,000 sq ft +
Vast Reception Room with Masses of Natural Light +
Great Potential to Improve +
Very Popular Quiet Residential Road +
Moments from Battersea Park +
Short Walk to Battersea Power Station Tube +
150 years Lease +
No Chain +

Substantial split level period conversion flat in superb setting, a quiet residential road moments away from Battersea Park, a short walk from Chelsea Bridge and Battersea Power Station Tube.
The accommodation is spread over the top 2 floors of a end of terrace Victorian building. It covers over 1,000 sq ft and comprises vast reception room, separate eat-In kitchen, 2 good size double bedrooms, bathroom and separate WC.
The flat would benefit from some modernisation throughout but offers fantastic potential and scope for improvement. Benefits from masses of natural light.
Has excellent transport links with both Queenstown Road and Battersea Park Stations within 3 minutes walk (direct trains to Waterloo in 10 minutes and Victoria in 5 minutes). There are several bus routes into the West End and City. On Street Residents parking permit available on application to Wandsworth..
Great choice of local shops, riverside bars, restaurants and coffee shops around the Power Station.
Wandsworth Council Tax Band E. Lease is 150 years, peppercorn ground rent. Available with no chain.

Agent Details

Eden Harper, Battersea

020 3870 9020

Next Steps?

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