3 Bed Detached House, Planning Permission, London, SE27 9TD, £550,000

Gipsy Road, London, SE27 9TD - 7 views - 2 years ago

Cash
Planning
~93 m²
+44 photos

ValuationFair Value

Sold Prices£420K - £1.1M
Sold Prices/m²£3.1K/m² - £10K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£550,000

 

 

End Value (After Refurb)

£649,726

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£49,215

Bridging Loan Interest

£14,438

Total Cash In

£235,602

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£649,726

Mortgage (After Refinance)

£487,295

Mortgage LTV

75%

Cash Released

£74,795

Cash Left In

£160,808

Equity

£162,432

Rent Range

£1,695 - £2,300,530

Rent Estimate

£2,558

Running Costs/mo

£2,562

Cashflow/mo

£-4

Cashflow/yr

£-48

Gross Yield

6%

Local Sold Prices

50 sold prices from £420K to £1.1M, average is £697.5K. £3.1K/m² to £10K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£719K06/230.09 mi25, Linton Grove, London, Greater London SE27 0DZ3
£800K11/220.11 mi10a, Lancaster Avenue, London, Greater London SE27 9DZ3
£564K10/200.16 mi64, Ladas Road, London, Greater London SE27 0UW3
£660K06/210.16 mi22, Millhouse Place, London, Greater London SE27 0UU3
£420K02/210.18 mi31, Woodvale Walk, London, Greater London SE27 0EZ3
£445K01/210.18 mi21, Woodcote Place, London, Greater London SE27 0UE3
£500K06/210.18 mi25, Woodcote Place, London, Greater London SE27 0UE3
£575K02/210.2 mi77, Elder Road, West Norwood, London, Greater London SE27 9NB3
£650K05/230.2 mi51, St Louis Road, London, Greater London SE27 9QJ3
£930K10/220.2 mi15, Norwood Park Road, West Norwood, London, Greater London SE27 9UB3
£780K12/220.21 mi7, Norwood Park Road, West Norwood, London, Greater London SE27 9UB3
£750K03/210.21 mi25, Norwood Park Road, West Norwood, London, Greater London SE27 9UB3
£740K06/210.21 mi88, Auckland Hill, London, Greater London SE27 9QQ3
£800K03/230.21 mi94, Auckland Hill, London, Greater London SE27 9QQ3
£536.5K09/220.21 mi11, Mount Pleasant, London, Greater London SE27 9PU3
£757.5K08/220.22 mi23, Dassett Road, London, Greater London SE27 0UF3
£665K02/210.22 mi5, St Cloud Road, London, Greater London SE27 9PN3
£695K02/210.22 mi3, St Cloud Road, London, Greater London SE27 9PN3
£757.5K08/210.22 mi11, St Cloud Road, London, Greater London SE27 9PN3
£587.3K11/220.22 mi27, St Cloud Road, London, Greater London SE27 9PN3
£795K04/210.23 mi1, Dassett Road, London, Greater London SE27 0UF3
£800K08/230.23 mi45, Dassett Road, London, Greater London SE27 0UF3
£700K04/210.24 mi20, Dassett Road, London, Greater London SE27 0UG3
£710K03/210.24 mi56, Dassett Road, London, Greater London SE27 0UG3
£610K06/230.24 mi64, Dassett Road, London, Greater London SE27 0UG3
£640K03/210.25 mi23, Durban Road, London, Greater London SE27 9RW3
£520K06/210.27 mi44, Elder Road, London, Greater London SE27 9ND3
£756K04/210.27 mi5, Roxburgh Road, London, Greater London SE27 0LB3
£801.1K01/220.27 mi5, Roxburgh Road, London, Greater London SE27 0LB3
£756K04/210.27 mi5, Roxburgh Road, London, Greater London SE27 0LB3
£670K07/230.28 mi147, Tivoli Road, London, Greater London SE27 0EE3
£625K03/210.28 mi65, Elderwood Place, London, Greater London SE27 0HJ3
£455K06/210.28 mi7, Dunelm Grove, London, Greater London SE27 9JP3
£960K08/210.29 mi17, Bewlys Road, London, Greater London SE27 0LA3
£540K07/230.29 mi42, Elderwood Place, London, Greater London SE27 0HL3
£500K11/200.31 mi61, Dunbar Street, London, Greater London SE27 9JY3
£525K06/210.31 mi12, Dunbar Street, London, Greater London SE27 9JY3
£845K12/200.33 mi54, Roxburgh Road, London, Greater London SE27 0LD3
£847K03/210.34 mi78, Cheviot Road, London, Greater London SE27 0LG3
£560K02/210.35 mi48, Hamilton Road, London, Greater London SE27 9SB3
£760K12/220.37 mi130, Cheviot Road, London, Greater London SE27 0LG3
£730K09/230.37 mi62, Cheviot Road, London, Greater London SE27 0LG3
£650K08/210.38 mi85, Hamilton Road, London, Greater London SE27 9RZ3
£1.1M02/210.39 mi95, St Julians Farm Road, London, Greater London SE27 0RJ3
£737.6K06/210.4 mi93, Rommany Road, London, Greater London SE27 9PY3
£700K07/230.4 mi97, Rommany Road, London, Greater London SE27 9PY3
£680K07/230.4 mi17, Rommany Road, London, Greater London SE27 9PY3
£965K04/230.4 mi49, Rommany Road, London, Greater London SE27 9PY3
£632K06/210.4 mi48, Crown Dale, London, Greater London SE19 3NR3
£490K11/220.4 mi12, Nello James Gardens, London, Greater London SE27 9RJ3

Local Rents

50 rents from £1.7K/mo to £2.3M/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,50008/240.14 miLadas Road, West Norwood, London, SE273
£2,60008/240.14 mi-3
£2,50008/240.19 miElder Road , Norwood , London3
£2,25008/240.21 miNorwood High Street, London, SE273
£2,60001/250.22 mi-3
£2,50012/240.23 mi-3
£2,80008/240.23 miNorwood Park Road London SE273
£2,10008/240.24 miDassett Road West Norwood SE273
£2,30008/240.26 miGipsy Road London SE273
£2,50008/240.28 miTivoli Road, Knight's Hill, SE273
£2,30008/240.28 miKnights Hill, West Norwood3
£2,45009/240.33 mi-3
£3,50009/240.34 miCheviot Road, West Norwood, London, SE273
£2,35001/250.38 mi-3
£3,40008/240.39 miSt Julians Farm Road, West Norwood, London, SE273
£2,80008/240.4 miRommany Road London SE273
£2,50011/240.4 mi-3
£2,59508/240.41 miTritton Road, London3
£3,60010/240.42 mi-3
£3,60010/240.42 mi-3
£3,60010/240.42 mi-3
£2,300,53011/230.42 miHainthorpe Road, London, SE273
£3,30010/240.43 mi-3
£2,70009/240.43 miClive Road, West Dulwich, West Norwood, Gipsy Hill, Tulse Hill, SE213
£2,60001/250.43 mi-3
£2,90008/240.44 miCasewick Road, West Norwood, London, SE273
£2,70008/240.47 miSelsdon Road, West Norwood, SE273
£2,00008/240.47 miQueen Mary Road, Upper Norwood, London, SE193
£2,85008/240.47 mi-3
£2,70004/250.47 mi-3
£2,25009/240.47 miYeoman Close, London, SE273
£2,30008/240.48 miYeoman Close, West Norwood3
£2,25008/240.49 mi2 Myton Road, West Dulwich, London, SE213
£2,95008/240.5 miWaylett Place, West Norwood, London, SE273
£3,00009/240.52 mi-3
£2,90004/250.52 mi-3
£2,60004/250.52 mi-3
£2,97508/240.52 miWaldeck Grove, London, SE273
£3,25009/240.52 mi-3
£2,10008/240.54 miRosendale Road, London, SE213
£2,19508/240.54 miThurlow Park Road, London, SE213
£2,60008/240.55 mi-3
£2,30004/250.56 mi-3
£2,30002/240.56 mi-3
£2,30002/240.56 mi-3
£1,69510/240.56 mi-3
£1,90008/240.57 miChichester Mews, London, SE273
£4,80012/240.57 mi-3
£2,40001/250.61 mi-3
£2,60001/250.61 mi-3

Local Area Statistics

Population in SE27

21,358

Population in London

4,771,921

Town centre distance

6.92 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

-4%

Property History

Listed for £550,000

October 10, 2023

Floor Plans

Description

Gipsy Road - SE27 (Virtual and video tours available). Next Door Properties are delighted to present this converted stable mews to the sales market.

A truly unique property with no onward chain the site contains commercial space on the ground floor with residential use above.

Previously, the entire top floor of the building was predominantly open plan space, offering a generous living space with open plan kitchen/living area plus two bedrooms (one with en-suite shower room) and a family bathroom, plus a further bedroom on the ground floor. (Three bedrooms and two bathrooms in total).

The potential really lies in the ground floor area which boasts mainly storage spaces and a very well appointed office with its own kitchen/WC facility. The courtyard also provides ample parking space for at least 5 or 6 cars with lockable gates for extra security.

This site is ideal for a small family or business requiring a live/work set up. Alternatively, this may prove an exciting opportunity for any investors/developers looking to maximise potential from the site. It’s up to any purchaser whether they would fancy a project to turn the whole space into residential or just continue as normal and consolidate work and home life (subject to necessary planning permissions).

Located on the edge of Gipsy Hill, there is an abundance of amenities as well as transport links with Norwood Bus garage moments away and two mainline stations, (Gipsy Hill and West Norwood).

Cash preferred for quick sale. To arrange a viewing, please call .

Tenure: Freehold
Energy Efficiency Rating: C (Residential) D (Commercial)We endeavour to make our particulars accurate and reliable, however, the information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and or services does not imply that they are necessarily in working order or fit for the purpose. Especially in the cases of properties for sale, all interested parties must verify accuracy and your solicitor must verify tenure lease information, fixtures & fittings and, where the property has been extended converted, planning building regulation consents. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.

Agent Details

Next Door Properties, London

020 3910 6562

Next Steps?

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