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Hackford Road, London SW9

London

£1,500,000
Listed on 22/10/2024

Property Details

Bedrooms
7
Type
Semi-detached house
Area
1830 sqft

Description

This end-of-terrace property presents a unique refurbishment opportunity in a vibrant neighborhood, ideally situated within walking distance to both Oval and Stockwell Tube stations, offering access to the Northern and Victoria lines. The strategic location on Hackford Road places it midway between these stations, making it an attractive spot for commuters. The surrounding area is rich with amenities, featuring a diverse selection of bars, cafes, restaurants, independent shops, and supermarkets. Residents will also enjoy convenient transport options with frequent bus services along Clapham Road, facilitating quick routes to the City and Clapham High Street. Additionally, Kennington Park is nearby, providing a pleasant green space for outdoor activities. With a net internal area of approximately 1,830 square feet, the current layout includes two self-contained maisonettes. The ground-floor unit comprises two double bedrooms at the front and a kitchen/diner area along with a bathroom at the rear. Access to this level is via a side entrance leading to a sizeable paved garden space. Notably, there is an existing timber-framed rear extension (approximately 290 square feet) that adds further utility to the ground floor. The first and second floors are configured as Flat B, featuring potential flexibility with up to four bedrooms, a kitchen-diner, two study rooms or additional bedrooms/receptions, as well as two bathrooms and two separate WCs. This versatility enhances the property's investment appeal. There is significant scope for further development; potential options include extending the property to the side or rear (subject to necessary consents) or converting it into three separate apartments. Previously let under individual Assured Shorthold Tenancies (ASTs), the property generated an annual income of £61,920. Overall, this property represents an excellent prospect for restoration as a single-family home or redevelopment into multiple flats—offering various pathways for maximizing its value in response to local demand.

Investment Analysis

(SW9 area)

Above Market Value

This property is priced +16.1% above area average per sq ft

+16.1%
This Property
£820/sq ft
Area Average
£706/sq ft
Avg Rent (weekly)
£524
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,420,977
10% above area average per sq ft
Potential ROI
-13.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SW9)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -2.2%
5 year growth: 0.1%
Investment Disclaimer: Analysis based on SW9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Hackford Road, London SW9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,495
Based on a loan of £1,125,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE