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Bournbrook Road, London SE3 - Image 1
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Bournbrook Road, London SE3

London

£360,000
Listed on 20/12/2024

Property Details

Bedrooms
2
Type
Terraced house
Area
759 sqft

Description

This 2-bedroom home offers a promising opportunity for those interested in a renovation project. While the property requires comprehensive modernization, it provides a blank slate for prospective buyers to personalize and enhance according to their vision. Occupying a generous plot, the house presents the potential for expansion through a rear extension and possibly a loft conversion, pending the usual planning permissions. This scope for development makes it an attractive option for investors and builders looking to add value. The current layout includes two bedrooms, a living area, kitchen, and bathroom. Although functional, the interior is dated and would significantly benefit from refurbishment. The outdoor space features a garden that not only allows for further landscaping but also enhances the overall appeal of the property. Additionally, off-street parking is available at the front. Situated in a desirable location, this property attracts interest from those seeking to transform it into a stylish home or capitalize on its investment potential. Whether you're looking to renovate for personal use or as part of an investment strategy, this residence is filled with possibilities waiting to be realized.

Investment Analysis

(SE9 area)

Below Market Value

This property is priced -5.1% below area average per sq ft

-5.1%
Potential saving
This Property
£474/sq ft
Area Average
£500/sq ft
Avg Rent (weekly)
£436
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£36,000 - £90,000
10-25% of property value
Target Value
£417,367
10% above area average per sq ft
Potential ROI
-7.3%
After renovation
Monthly Sales
44
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (SE9)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 9.7%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on SE9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Bournbrook Road, London SE3
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