2 Bed Flat, Cash/Bridging Only, London, SE17 1FU, £710,000

Heygate Street, Elephant & Castle, SE17 1FU - 13 days ago

Leasehold
Cash
ROI: 3%
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£311.5K - £675K
Sold Prices/m²£5.7K/m² - £9.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£10.4K/m²

Value Estimate

£490,630

 

 

End Value (After Refurb)

£679,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£177,500

Stamp Duty & Legal Fees

£59,700

Refurb Costs

£36,033

Bridging Loan Interest

£18,638

Total Cash In

£293,620

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£679,500

Mortgage (After Refinance)

£509,625

Mortgage LTV

75%

Cash Left In

£293,620

Equity

£169,875

Rent Range

£2,900 - £5,999

Rent Estimate

£3,728

Running Costs/mo

£2,889

Cashflow/mo

£839

Cashflow/yr

£10,068

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £311.5K to £675K, average is £420K. £5.7K/m² to £9.3K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£395K05/210.16 mi34, Marlborough Close, London, Greater London SE17 3AP2
£375K11/200.19 mi23, Winchester Close, London, Greater London SE17 3DQ2
£414.5K02/210.21 mi47, Winchester Close, London, Greater London SE17 3DQ2
£390K01/210.21 mi77, Winchester Close, London, Greater London SE17 3DQ2
£415K05/210.25 miFlat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ2
£362K02/230.27 miFlat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL2
£355K11/200.27 miFlat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN2
£335K02/230.29 mi26, Pilton Place, London, Greater London SE17 1DN2
£450K12/200.3 mi5, Dante Road, London, Greater London SE11 4RB2
£577K08/230.3 mi165b, Brook Drive, London, Greater London SE11 4TG2
£330K09/230.32 mi81, Rodney Road, London, Greater London SE17 1RF2
£361K10/230.32 miFlat 40, Stephenson House, Bath Terrace, London, Greater London SE1 6PR2
£450K07/230.32 mi28a, Berryfield Road, London, Greater London SE17 3QE2
£430K02/210.33 mi1, Salisbury Close, London, Greater London SE17 1BY2
£340K07/230.33 miFlat 32, Telford House, Tiverton Street, London, Greater London SE1 6NY2
£440K02/230.35 miFlat 12, Suffield House, Alberta Estate, London, Greater London SE17 3QB2
£632.5K09/210.36 miFlat B, 12, Gaywood Street, London, Greater London SE1 6HG2
£512K04/230.37 mi11, Borrett Close, London, Greater London SE17 3JF2
£382K07/230.37 miFlat 2, Penrose House, Penrose Street, London, Greater London SE17 3DU2
£470K11/200.37 mi139d, Chatham Street, London, Greater London SE17 1PA2
£325K06/210.38 miFlat 79, Dawes House, Orb Street, London, Greater London SE17 1RD2
£360K06/210.38 miFlat 57, Dawes House, Orb Street, London, Greater London SE17 1RD2
£362K12/200.38 miFlat 25, Dawes House, Orb Street, London, Greater London SE17 1RE2
£585K06/210.43 mi4, Ambergate Street, London, Greater London SE17 3RX2
£450K01/210.44 miFlat 20, St. Georges Court, Garden Row, London, Greater London SE1 6HD2
£425K01/230.45 mi166a, Trafalgar Street, London, Greater London SE17 2TP2
£542.8K05/230.46 miFlat 39, Vanbrugh Court, Wincott Street, London, Greater London SE11 4NS2
£311.5K09/230.49 miFlat 56, Fairford House, Kennington Lane, London, Greater London SE11 4HR2
£475K10/210.5 mi66, Wooler Street, London, Greater London SE17 2EF2
£422K10/200.5 mi66a, Wooler Street, London, Greater London SE17 2EF2
£588.2K12/200.5 mi55, Carter Street, London, Greater London SE17 3EN2
£675K07/230.5 mi115a, Kennington Lane, London, Greater London SE11 4HQ2
£420K10/210.51 miFlat 54, Pilgrim House, Tabard Street, London, Greater London SE1 4UP2
£440K10/200.52 mi50, Aylesbury Road, London, Greater London SE17 2EH2
£584.5K12/200.52 miFlat 92, Ratcliffe Court, Great Dover Street, London, Greater London SE1 4LD2
£425K08/230.53 miFlat 19, Eglington Court, Lorrimore Road, London, Greater London SE17 3LY2
£500K01/210.53 miFlat 4, Spectrum Place, Lytham Street, London, Greater London SE17 2GP2
£365K03/230.54 miFlat 23, Knight House, Huntsman Street, London, Greater London SE17 1QN2
£570K08/230.54 mi29, Potier Street, London, Greater London SE1 4UX2
£420K06/230.55 miFlat 135, Edmund House, Doddington Grove, London, Greater London SE17 3TA2
£387.5K07/210.56 miFlat 18, Pascall House, Draco Street, London, Greater London SE17 3HP2
£470K06/210.57 mi12, Prioress Street, London, Greater London SE1 4TE2
£330K03/230.57 miFlat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW2
£480K06/210.57 miFlat 11, Rochester House, Manciple Street, London, Greater London SE1 4LP2
£325K12/200.57 miFlat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU2
£407K10/230.57 miFlat 7, Tabard House, Manciple Street, London, Greater London SE1 4DL2
£390K09/210.58 miFlat 269, Irving House, Doddington Grove, London, Greater London SE17 3TS2
£535K06/210.58 miFlat 26, Kenneth Court, Kennington Road, London, Greater London SE11 6SS2
£410K08/210.58 miFlat 21, Shalford House, Law Street, London, Greater London SE1 4XF2
£370K02/210.58 mi34, Langdale Close, London, Greater London SE17 3UF2

Local Rents

49 rents from £2.9K/mo to £6K/mo, average is £3.4K/mo.

RentDateDistanceAddressBeds 
£3,14203/250 mi-2
£3,81308/240 miHeygate Street, London, SE172
£3,25008/240 miLevy Building, Elephant Park, Elephant & Castle SE172
£3,09908/240 miHeygate Street, London, SE172
£3,25008/240.01 miHurlock Heights, 4 Deacon Street, Elephant Park, London, SE172
£4,90001/250.02 mi-2
£5,69908/240.02 miLondon, London, SE172
£3,35009/240.02 mi-2
£5,69912/240.02 mi-2
£5,69912/240.02 mi-2
£3,35808/240.02 miWeymouth Building, Elephant Park, Elephant & Castle SE172
£3,57508/240.02 miWeymouth Building, Elephant Park, Elephant & Castle, SE172
£3,44508/240.02 miWeymouth Building, Elephant Park, Elephant & Castle SE172
£3,20008/240.02 miWeymouth Building, Deacon Street, London, SE172
£3,49908/240.02 miElephant Park, Weymouth Building2
£2,90008/240.02 miLevy Building, Heygate Street, London2
£3,70008/240.02 miHewson Way, Ealing, London, SE172
£3,38008/240.03 mi-2
£2,90002/250.03 mi-2
£3,00001/250.03 mi-2
£5,69910/240.03 mi-2
£4,59911/240.03 mi-2
£4,99912/240.03 mi-2
£5,99908/240.03 miLondon, London, SE172
£3,05502/250.04 mi-2
£3,31502/250.04 mi-2
£3,18508/240.04 miBaldwin Point, London, SE172
£3,18508/240.04 mi-2
£3,55008/240.04 miHawksbury Heights, 11 Hewson Way, SE172
£3,75008/240.04 miSayer Street, Elephant and Castle, London, SE172
£3,35808/240.04 miHurlock Heights, Elephant Park, Elephant & Castle SE172
£3,25008/240.04 miDeacon Street, London, SE172
£3,00008/240.04 miHurlock Heights, London, SE172
£4,95008/240.04 miHurlock Heights, SE172
£3,30008/240.04 miDeacon Street, London, SE172
£3,68308/240.04 miHurlock Heights, Elephant Park, Elephant & Castle SE172
£3,20008/240.04 miHurlock Heights, Elephant Park, SE172
£3,68308/240.04 miHurlock Heights, Elephant Park, Elephant & Castle SE172
£3,46708/240.04 miHurlock Heights, Elephant Park, Elephant & Castle SE172
£3,20008/240.04 miHurlock Heights, Elephant Park, SE172
£3,50008/240.04 miDeacon Street, Elephant and Castle, SE172
£3,40008/240.04 miDeacon Street, London, SE172
£3,68308/240.04 miHurlock Heights, Elephant Park, Elephant & Castle SE172
£3,40008/240.04 miDeacon Street, Elephant and Castle, SE172
£4,00008/240.04 miHurlock Heights, Elephant & Castle, SE172
£3,25008/240.04 mi11 Hewson Way, London2
£3,46608/240.04 miHawksbury Heights - P2043S782
£3,46608/240.04 miHawksbury Heights - P2043S872
£3,46608/240.04 miHawksbury Heights - P2043S782

Local Area Statistics

Population in SE17

31,522

Population in London

4,771,921

Town centre distance

2.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £710,000

March 12, 2025

Floor Plans

Description

  • Minutes from Elephant & Castle Stations +
  • Communal garden +
  • Communal gym, function room and concierge service +
  • Underfloor heating +
  • Secure underground parking +
  • Hyper fast internet connection with hyperoptic +

Full Market Value: £710,000 **Service Charge:      **£604.31 Parking Charge: £ 28.66 **Council Tax Band: ** E 250 year lease commenced November 2016 - 240 years remaining EWS1 Certification available for this property : B1 Rating. Enter this beautifully presented, dual aspect, garden view apartment through a wide sunny hallway, with storage.  A stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows, opens out onto a larger than average balcony giving space to both dine and relax.  The kitchen is fitted with grey gloss wall and base units, with under-cupboard lighting, and silestone worktops and also benefits from integrated appliances including a fridge freezer, oven, induction hob, extractor fan and dishwasher. There are two generous double bedrooms, the master with fitted wardrobes.  A contemporary bathroom, complete with a white three-piece suite with a shower over bath and a white marble effect tile surround complete the accommodation.  Levy Building is located  within a few minutes walk from numerous food and drink shops, a book shop, Rosy Hue Pub and Sainsburys and will be a  four minute walk from new Elephant and castle shopping mall. Situated in the heart of a prime Zone 1 location, L&Q at Elephant Park is a Londoner's dream. A five minute walk from the development is Elephant & Castle Underground station with direct connections to the West End or the City in a matter of minutes as well as a multitude of bus routes located around the development.  Known affectionately to locals as 'The Elephant', the area has a rich history stretching back to medieval times - and much more to offer to its residents. Capturing the colour, flavour & energy of a place that was once known as the 'Piccadilly of the South', life at Elephant Park is all about great community, good living and finding a place that really feels like home.  The buyer will require a deposit to obtain a mortgage for this property. Cash purchase option also available. If you are offered the property, your ability to afford this property will be assessed at your financial interview with one of our panel financial advisors, who will be happy to help source a mortgage if required. Alternatively, you can source your own mortgage directly with a lender or via your own broker. Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage. These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2025

Agent Details

L&Q, Pre-Owned Resale Homes

020 3370 9514

Next Steps?

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