3 Bed Terraced House, Refurb/BRRR, London, SW9 6UB, £1,150,000

Lothian Road, Oval, SW9 6UB - 1 views - 3 years ago

Refurb/BRRR
~130 m²
+19 photos

ValuationOvervalued

Sold Prices£520K - £1.3M
Sold Prices/m²£5.9K/m² - £17.2K/m²

 

 

Square Metres

~130.06 m²
Price/m²£8.8K/m²

Value Estimate

£1,021,993

 

 

End Value (After Refurb)

£1,048,871

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£287,500

Stamp Duty & Legal Fees

£114,950

Refurb Costs

£69,160

Bridging Loan Interest

£30,188

Total Cash In

£503,547

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,048,871

Mortgage (After Refinance)

£786,653

Mortgage LTV

75%

Cash Left In

£503,547

Equity

£262,218

Rent Range

£800 - £3,600

Rent Estimate

£2,724

Running Costs/mo

£3,843

Cashflow/mo

£-1,119

Cashflow/yr

£-13,422

Gross Yield

3%

Local Sold Prices

50 sold prices from £520K to £1.3M, average is £887.5K. £5.9K/m² to £17.2K/m², average is £8.1K/m².

PriceDateDistanceAddressBeds 
£825K12/200.07 mi15, Turner Close, London, Greater London SW9 6UQ3
£600K03/210.09 mi22, Myatt Road, London, Greater London SW9 6XG3
£675K03/210.11 mi56, Halsmere Road, London, Greater London SE5 9JQ3
£520K05/220.19 mi47, Cancell Road, London, Greater London SW9 6HP3
£925K11/220.23 mi41, Foxley Road, London, Greater London SW9 6EX3
£745K05/210.23 mi92a, Camberwell New Road, London, Greater London SE5 0RS3
£820K06/210.26 mi22, Badsworth Road, London, Greater London SE5 0JY3
£1.0M05/210.28 mi23, Holland Grove, London, Greater London SW9 6ER3
£1.2M11/200.32 mi88, Burton Road, London, Greater London SW9 6TQ3
£650K11/200.33 mi12, Minerva Close, London, Greater London SW9 6NZ3
£773.5K05/210.37 mi6, Evandale Road, London, Greater London SW9 6SX3
£773.5K05/210.37 mi6, Evandale Road, London, Greater London SW9 6SX3
£831K06/210.41 mi24, Grosvenor Park, London, Greater London SE5 0NQ3
£860K06/210.41 mi46, Grosvenor Park, London, Greater London SE5 0NQ3
£965K09/230.42 mi33, Evandale Road, London, Greater London SW9 6SU3
£875K10/200.44 mi4, Redan Terrace, London, Greater London SE5 9DY3
£950K11/200.46 mi135, John Ruskin Street, London, Greater London SE5 0PQ3
£890K10/210.46 mi13, Empress Mews, London, Greater London SE5 9BT3
£1.0M06/210.48 mi52, Cooks Road, London, Greater London SE17 3NF3
£685K06/230.48 mi107, Flaxman Road, London, Greater London SE5 9DX3
£750K02/210.48 mi111, Flaxman Road, London, Greater London SE5 9DX3
£650K06/210.52 mi36, Hillyard Street, London, Greater London SW9 0NL3
£1.2M10/220.54 mi8, Lorn Road, London, Greater London SW9 0AD3
£1.1M03/210.55 mi15, Addington Square, London, Greater London SE5 7JZ3
£975K03/230.58 mi68, Lorrimore Road, London, Greater London SE17 3LZ3
£601K08/220.58 mi33, Draco Street, London, Greater London SE17 3HX3
£700K03/210.61 mi37, Westcott Road, London, Greater London SE17 3QY3
£1.1M12/200.61 mi26, Hanover Gardens, London, Greater London SE11 5TN3
£1.3M12/220.62 mi63, Palfrey Place, London, Greater London SW8 1AR3
£700K03/210.62 mi153, Dorset Road, London, Greater London SW8 1AL3
£1.1M09/220.62 mi32, Trigon Road, London, Greater London SW8 1NH3
£985K08/230.62 mi2, Printers Road, London, Greater London SW9 0BH3
£1.3M12/220.62 mi30, Trigon Road, London, Greater London SW8 1NH3
£875K02/210.63 mi42, Trigon Road, London, Greater London SW8 1NH3
£850K03/210.63 mi14, Sansom Street, London, Greater London SE5 7RE3
£925K11/200.63 mi34, Sansom Street, London, Greater London SE5 7RE3
£870.6K02/210.63 mi24, Sansom Street, London, Greater London SE5 7RE3
£930K04/210.63 mi28, Printers Road, London, Greater London SW9 0BH3
£975K09/210.63 mi24, Printers Road, London, Greater London SW9 0BH3
£950K11/220.65 mi1, Sansom Street, London, Greater London SE5 7RD3
£1.1M12/200.65 mi50, Claylands Road, London, Greater London SW8 1NZ3
£1.3M12/200.65 mi46, Claylands Road, London, Greater London SW8 1NZ3
£1.1M07/230.65 mi72, Claylands Road, London, Greater London SW8 1NZ3
£930K07/220.66 mi25, Fielding Street, London, Greater London SE17 3HE3
£865K10/200.66 mi21, Fielding Street, London, Greater London SE17 3HE3
£945K06/210.66 mi59, Camberwell Grove, London, Greater London SE5 8JA3
£935K02/210.66 mi23, Southwell Road, London, Greater London SE5 9PF3
£630K06/210.68 mi18, Angell Park Gardens, London, Greater London SW9 7NG3
£615K03/210.68 mi32, Angell Park Gardens, London, Greater London SW9 7NG3
£885K12/220.68 mi37, Chapter Road, London, Greater London SE17 3ES3

Local Rents

50 rents from £800/mo to £3.6K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£3,36012/240.04 mi-3
£3,20002/250.06 mi-3
£2,25010/240.09 mi-3
£2,50012/240.09 mi-3
£2,70012/240.17 mi-3
£3,30003/250.22 mi-3
£3,20012/240.23 mi-3
£2,40008/240.25 miA, 65A Paulet Road, London3
£2,35012/240.26 mi-3
£2,00002/240.27 mi-3
£2,70012/240.3 miHanworth House, John Ruskin Street, Oval, London, SE53
£2,40004/250.3 mi-3
£2,30009/240.3 mi-3
£2,70012/240.3 miJohn Ruskin Street, Oval, SE53
£2,89501/250.31 mi-3
£2,60012/240.34 mi-3
£2,70012/240.34 miJohn Ruskin Street, London, SE53
£2,94712/240.34 miPaulet Road, Se53
£2,40008/240.36 miPrescott House, Hillingdon Street, Oval3
£3,20008/240.36 miBethwin Road, Camberwell, London, SE53
£3,29912/240.37 mi-3
£2,99908/240.39 miLilford Road, Brixton3
£2,35012/240.39 mi-3
£3,09009/240.4 mi-3
£2,40008/240.4 miFlaxman Road Camberwell SE53
£3,50001/250.41 mi-3
£2,49608/240.41 miHillingdon Street, Kennington, SE173
£2,40008/240.41 mi-3
£2,30001/250.43 mi-3
£2,50003/250.43 mi-3
£80004/250.43 mi-3
£2,95003/250.43 mi-3
£2,32504/250.44 mi-3
£3,00008/240.44 miBrandon Estate, London3
£2,50009/240.44 mi-3
£3,00012/240.46 miValmar Road Camberwell SE53
£3,00012/240.46 miJohn Ruskin Street Camberwell SE53
£3,00012/240.46 miDighton Court, John Ruskin Street, London, SE53
£2,55008/240.46 mi-3
£2,55008/240.46 miCooks Road, London, SE173
£3,29510/240.47 mi-3
£2,77503/250.47 mi-3
£3,60009/240.47 mi-3
£2,20012/240.48 mi-3
£3,30010/240.48 mi-3
£1,90008/240.49 miCrawford Road London SE53
£3,25009/240.49 miCrewdson Road, Oval3
£3,14609/240.49 miCrewdson Road, Oval3
£2,50009/240.49 miHector Court, Oval, London, SW93
£2,50009/240.49 mi-3

Local Area Statistics

Population in SW9

42,067

Population in London

4,771,921

Town centre distance

3.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £1,150,000

May 30, 2022

Floor Plans

Description

  • 2 bathrooms +
  • 2 Receptions +
  • Formerly 4-bedroom period property +
  • 2 Kitchens +
  • Split over 3 floors +
  • 1400 sq feet of accommodation +
  • Internal window shutters +
  • The Oval Tube (Northern line) located within 9 minutes walking distance +
  • Plenty of original features throughout +

We are delighted to offer to the market this desirable formerly 4-bedroom period property. Situated in a great location that is ideally suited to all types of buyers. Whilst in need of modernisation, this truly appealing house offers all the charm and character of properties associated with this era and retains many original features.

 

With 1400 sq feet of accommodation split over 3 floors boasts an open plan kitchen lounge, double bedroom, family bathroom and additional toilet on lower ground floor, double reception and separate kitchen on raised ground floor and two double bedrooms and another family bathroom on first floor. The property further benefits from plenty of original features throughout, wooden floors, internal window shutters, low maintenance spacious rear garden, and a small patio area at the front.

Notice: All photographs, measurements and furniture in this advert are provided for guidance only.

 

The Oval Tube (Northern line) located within 9 minutes walking distance, all the facilities of Camberwell Green being close by, including Angels and Gypsies, Hermits Cave and lovely Camberwell Baths, Kennington Park with its open spaces and tennis courts, not to mention the Myatt-s Field being directly opposite, which in 2015, was voted the 9th best park in the UK in a public vote organised by the Green Flag Award.

 

Don-t miss this rare opportunity!

Agent Details

Moving Inn, London

020 3834 8316

Next Steps?

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