3 Bed Terraced House, Refurb/BRRR, Beckenham, BR3 3HU, £600,000

36 Merlin Grove, Beckenham, BR3 3HU - 6 views - 9 months ago

Sold STC
Refurb/BRRR
~93 m²
+2 photos

ValuationOvervalued

Sold Prices£425K - £850K
Sold Prices/m²£4.4K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£6.5K/m²

Value Estimate

£539,046

 

 

End Value (After Refurb)

£575,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£49,200

Bridging Loan Interest

£15,750

Total Cash In

£253,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£575,000

Mortgage (After Refinance)

£431,250

Mortgage LTV

75%

Cash Left In

£253,400

Equity

£143,750

Rent Range

£2,000 - £3,818

Rent Estimate

£2,334

Running Costs/mo

£2,284

Cashflow/mo

£50

Cashflow/yr

£604

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £425K to £850K, average is £600K. £4.4K/m² to £8.3K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£557.5K01/210.01 mi15, Merlin Grove, Beckenham, Greater London BR3 3HR3
£580K07/230.01 mi53, Merlin Grove, Beckenham, Greater London BR3 3HR3
£602K01/210.02 mi23, Merlin Grove, Beckenham, Greater London BR3 3HR3
£705K02/210.05 mi32, Ronald Close, Beckenham, Greater London BR3 3HX3
£610K03/230.05 mi24, Ronald Close, Beckenham, Greater London BR3 3HX3
£642K06/230.09 mi174, Eden Park Avenue, Beckenham, Greater London BR3 3JQ3
£640K02/210.09 mi168, Eden Park Avenue, Beckenham, Greater London BR3 3JQ3
£740K12/220.1 mi43, Ernest Grove, Beckenham, Greater London BR3 3HY3
£660K01/230.1 mi55, Ernest Grove, Beckenham, Greater London BR3 3HY3
£737K08/230.11 mi75, Ernest Grove, Beckenham, Greater London BR3 3HZ3
£570K03/210.12 mi141, Eden Park Avenue, Beckenham, Greater London BR3 3JG3
£600K11/200.12 mi79, Stanhope Grove, Beckenham, Greater London BR3 3HL3
£590K04/210.13 mi230, Eden Park Avenue, Beckenham, Greater London BR3 3JH3
£810K04/230.14 mi4, Wellhouse Road, Beckenham, Greater London BR3 3JR3
£565K11/200.15 mi105, Merlin Grove, Beckenham, Greater London BR3 3HS3
£710K04/230.16 mi92, Merlin Grove, Beckenham, Greater London BR3 3HT3
£555K07/230.17 mi2, Ernest Close, Beckenham, Greater London BR3 3JE3
£470K12/200.19 mi381, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£500K03/210.19 mi389, Upper Elmers End Road, Beckenham, Greater London BR3 3DA3
£540K01/210.21 mi101, Eden Park Avenue, Beckenham, Greater London BR3 3HH3
£556K05/230.23 mi25, Cherry Tree Walk, Beckenham, Greater London BR3 3PF3
£700.3K12/210.24 mi40, Glanfield Road, Beckenham, Greater London BR3 3JU3
£775K09/230.24 mi38, Glanfield Road, Beckenham, Greater London BR3 3JU3
£617.5K09/210.25 mi53, Glanfield Road, Beckenham, Greater London BR3 3JT3
£610K05/230.27 mi100, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£515K02/210.27 mi42, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£675K12/200.28 mi148, Village Way, Beckenham, Greater London BR3 3PH3
£700K12/200.28 mi15, Birchwood Avenue, Beckenham, Greater London BR3 3PY3
£615K09/210.29 mi62, Lloyds Way, Beckenham, Greater London BR3 3QS3
£555K11/210.29 mi10, Lloyds Way, Beckenham, Greater London BR3 3QS3
£740K11/210.3 mi12, Birchwood Avenue, Beckenham, Greater London BR3 3PZ3
£610K08/230.31 mi54, Eden Way, Beckenham, Greater London BR3 3DJ3
£425K04/210.32 mi12, Tonge Close, Beckenham, Greater London BR3 3JZ3
£600K06/210.34 mi25, Balmoral Avenue, Beckenham, Greater London BR3 3RD3
£545K11/210.36 mi22, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£565K08/230.36 mi26, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£580K06/210.36 mi18, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£730K03/210.36 mi135, Village Way, Beckenham, Greater London BR3 3NL3
£530K03/230.37 mi271, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£520K02/210.37 mi283, Upper Elmers End Road, Beckenham, Greater London BR3 3QR3
£675K09/210.37 mi11, Gordon Road, Beckenham, Greater London BR3 3QE3
£518K02/210.38 mi56, Altyre Way, Beckenham, Greater London BR3 3HA3
£730K03/210.38 mi60, Bramerton Road, Beckenham, Greater London BR3 3PD3
£592K12/220.39 mi58, Altyre Way, Beckenham, Greater London BR3 3HA3
£495K06/210.4 mi191, Upper Elmers End Road, Beckenham, Greater London BR3 3QU3
£675K05/210.42 mi2, Oakfield Gardens, Beckenham, Greater London BR3 3AZ3
£850K04/230.42 mi27, Broomfield Road, Beckenham, Greater London BR3 3QB3
£540K06/210.42 mi6, Hillcrest Close, Beckenham, Greater London BR3 3HB3
£535K03/210.42 mi27, Dunbar Avenue, Beckenham, Greater London BR3 3RG3
£520K12/200.42 mi33, Dunbar Avenue, Beckenham, Greater London BR3 3RG3

Local Rents

11 rents from £2K/mo to £3.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40003/240.12 miErnest Grove Beckenham BR33
£2,00004/240.16 miGlanfield Road, Beckenham, BR33
£2,00004/240.22 miStanhope Grove, Beckenham3
£2,20004/240.27 miAsprey Mews Beckenham BR33
£2,35012/240.3 mi-3
£2,25003/240.32 miTonge Close, Beckenham, BR33
£2,10004/240.32 mi-3
£3,60005/240.39 mi-3
£3,45004/240.39 miHillcrest Close, Beckenham, BR33
£3,81803/250.49 mi-3
£2,35005/240.59 miLangley Road, Beckenham3

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £600,000

August 6, 2024

Sold for £185,000

2001

Floor Plans

Description

  • 3 BED TERRACED HOUSE +
  • CLOSE TO LANGLEY PARK SCHOOLS +
  • 0.5 MILES FROM EDEN PARK STATION +
  • GARAGE + PARKING +
  • IN NEED OF MODERNISATION +
  • 40ft GARDEN +
  • EPC RATING D +
  • COUNCIL TAX E +

This three bedroom1930s built terraced house, which requires some updating, is situated in a tree lined residential road close, 0.5 miles from Eden Park BR Station, local shops, bus route and within a mile of Langley Park Schools.

Enclosed Entrance - Double glazed door and double glazed windows to front.
Part glazed door with window to side leading into:

Hallway - Understairs storage cupboard housing meters, radiator, fitted carpet.

Reception Room - 4.75m x 3.81m (15'7 x 12'6) - Double glazed half bay window to front, radiator, fitted carpet.

Open Plan Kitchen Dining Room -

Kitchen/Diner - 5.82m x 3.96m (19'1 x 13'0) - Glazed window looking into lobby, range of wall and base units with worksurfaces over, stainless steel single bowl sink and drainer with taps, freestanding 'Hotpoint' gas cooker, space for dishwasher, space for fridge freezer, radiator, vinyl flooring.

Breakfast Room - 3.30m x 2.21m (10'10 x 7'3) - Double glazed door leading out to utility area, glazed window to rear looking out to rear garden, radiator, laminate wood flooring.

Lobby - Space for washing machine, door to WC, double glazed door leading out to rear garden.

Cloakroom Wc - Opaque double glazed window to rear, low level WC, wall hung wash hand basin, radiator, fully tiled walls, vinyl flooring.

Stairs To First Floor - Fitted carpet

Landing - Access to loft, fitted carpet.

Bedroom One - 4.67m x 3.63m (15'4 x 11'11) - Double glazed bay window to front, radiator, fitted carpet.

Bedroom Two - 3.96m x 3.18m (13'0 x 10'5) - Double glazed window to rear, built-in wardrobe housing 'Worcester' boiler (not tested by Charles Eden), radiator, fitted carpet.

Bedroom Three - 2.59m x 2.11m (8'6 x 6'11) - Double glazed window to front, radiator, fitted carpet.

Bathroom / Wc - Opaque double glazed window to rear, comprising: paneled bath with flexi hose mixer tap, shower panel, wash hand basin inset in vanity unit, low level WC, radiator, fully tiled walls, vinyl flooring.

Outside -

Rear Garden - 12.19m approximately exc garage (40' approximately - Mainly laid to lawn with shrubs and trees, pathway leading to:

Double Garage - Located via rear access road.
Up and over door, power and light, windows to rear, pedestrian side access.

Frontage/Off Street Parking - Block paved with shrubs.

Epc Rating D -

Council Tax E -

Agent Details

Charles Eden, Beckenham

020 3873 8404

Next Steps?

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