2 Bed Flat, Single Let, London, SE15 6PW, £400,000

Sumner Road, London, SE15 6PW - 1 views - 2 years ago

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£226K - £705K
Sold Prices/m²	£3.6K/m² - £13.3K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£465,976£465,976
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,500 - £2,600£1,500 - £2,600
Rent Estimate	£1,800
Running Costs/mo	£1,630£1,630
Cashflow/mo	£170£170
Cashflow/yr	£2,040£2,040
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £226K to £705K, average is £395K. £3.6K/m² to £13.3K/m², average is £6.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£347K	05/21	0.11 mi	105, Pennack Road, London, Greater London SE15 6DE	£4,566	76	2	Flat
£325K	12/21	0.14 mi	66, Latona Road, London, Greater London SE15 6RY	£4,643	70	2	Flat
£240K	02/21	0.17 mi	69, Haymerle Road, London, Greater London SE15 6SQ	£3,556	68	2	Flat
£226K	12/20	0.2 mi	Flat 3, Ednam House, Friary Estate, London, Greater London SE15 6SE	-	-	2	Flat
£420K	04/21	0.21 mi	Flat 4, Shannon Court, Garnies Close, London, Greater London SE15 6LJ	-	-	2	Flat
£335K	05/21	0.22 mi	Flat 25, Palm Court, Garnies Close, London, Greater London SE15 6PB	-	-	2	Flat
£355K	04/23	0.23 mi	20, Garnies Close, London, Greater London SE15 6HW	£5,462	65	2	Flat
£338K	03/23	0.31 mi	Flat 21, Mawbey House, Old Kent Road, London, Greater London SE1 5PG	-	-	2	Flat
£325K	03/21	0.4 mi	55, Granville Square, London, Greater London SE15 6DX	£6,500	50	2	Flat
£445K	03/23	0.43 mi	69a, Friary Road, Peckham, London, Greater London SE15 1QS	£7,177	62	2	Flat
£400K	06/23	0.5 mi	32, Wentworth Crescent, London, Greater London SE15 5UG	£5,052	79	2	Flat
£437.5K	01/23	0.51 mi	47, Kelly Avenue, London, Greater London SE15 5LB	-	-	2	Flat
£335K	12/20	0.52 mi	14b, Marmont Road, London, Greater London SE15 5TE	£7,614	44	2	Flat
£558.5K	12/21	0.52 mi	100c, Peckham Hill Street, London, Greater London SE15 5JT	£7,253	77	2	Flat
£385K	02/23	0.54 mi	36, Bushwood Drive, London, Greater London SE1 5RE	£5,760	67	2	Flat
£533.5K	05/21	0.55 mi	5a, Nutcroft Road, London, Greater London SE15 1AG	£13,338	40	2	Flat
£448K	07/23	0.57 mi	Flat 34, Wakefield House, Goldsmith Road, London, Greater London SE15 5ST	-	-	2	Flat
£528.5K	04/21	0.57 mi	47a, Naylor Road, London, Greater London SE15 1QJ	£10,545	50	2	Flat
£365K	06/23	0.57 mi	89, Naylor Road, London, Greater London SE15 1QJ	£5,917	62	2	Flat
£377.5K	01/21	0.58 mi	First Floor Flat B, 4, Kincaid Road, London, Greater London SE15 5UN	-	-	2	Flat
£440K	03/21	0.6 mi	Flat B, 163, Elmington Road, London, Greater London SE5 7QZ	£5,946	74	2	Flat
£345K	03/23	0.62 mi	17, Gables Close, London, Greater London SE5 7QF	£6,389	54	2	Flat
£490K	12/20	0.63 mi	12a, St Giles Road, London, Greater London SE5 7RL	£8,033	61	2	Flat
£390K	04/23	0.65 mi	15c, Southampton Way, London, Greater London SE5 7SW	£6,393	61	2	Flat
£492.5K	08/23	0.65 mi	Flat 17, St Augustines Court, Lynton Road, London, Greater London SE1 5DP	-	-	2	Flat
£345K	03/23	0.66 mi	Flat 9, Tern House, Pelican Estate, London, Greater London SE15 5NL	-	-	2	Flat
£705K	07/23	0.68 mi	41b, Bushey Hill Road, London, Greater London SE5 8QF	£8,494	83	2	Flat
£640K	06/21	0.69 mi	9, Portland Street, London, Greater London SE17 2PF	£10,002	64	2	Flat
£425K	01/21	0.69 mi	22, Meeting House Lane, London, Greater London SE15 2UN	£6,703	63	2	Flat
£465K	01/21	0.7 mi	2a, Longley Street, London, Greater London SE1 5QQ	£10,568	44	2	Flat
£440K	10/20	0.71 mi	50, Aylesbury Road, London, Greater London SE17 2EH	£7,857	56	2	Flat
£475K	10/21	0.73 mi	66, Wooler Street, London, Greater London SE17 2EF	£8,636	55	2	Flat
£365K	03/23	0.75 mi	Flat 23, Knight House, Huntsman Street, London, Greater London SE17 1QN	-	-	2	Flat
£410K	02/21	0.75 mi	41, Hopewell Yard, London, Greater London SE5 7QS	-	-	2	Flat
£445K	03/21	0.75 mi	28, Hopewell Yard, London, Greater London SE5 7QS	-	-	2	Flat
£450K	01/21	0.76 mi	Flat 9, Bushey Hall, Bushey Hill Road, London, Greater London SE5 8QG	-	-	2	Flat
£380K	04/23	0.76 mi	Flat 8, Dekker House, Elmington Estate, London, Greater London SE5 7QR	-	-	2	Flat
£478.9K	06/23	0.76 mi	31, Clifton Crescent, London, Greater London SE15 2RX	£6,841	70	2	Flat
£430.5K	03/21	0.77 mi	22, Clifton Crescent, London, Greater London SE15 2RX	£7,422	58	2	Flat
£345.5K	06/23	0.77 mi	Flat 11, Robert Jones House, Eveline Lowe Estate, London, Greater London SE16 3SR	-	-	2	Flat
£330K	03/23	0.77 mi	Flat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW	-	-	2	Flat
£425K	01/23	0.78 mi	166a, Trafalgar Street, London, Greater London SE17 2TP	£7,203	59	2	Flat
£340K	10/21	0.78 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£325K	12/20	0.8 mi	Flat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU	-	-	2	Flat
£505K	09/23	0.8 mi	Flat 4, Willow House, Curtis Street, London, Greater London SE1 5SL	-	-	2	Flat
£315K	02/21	0.8 mi	Flat 15, Radcliffe House, Anchor Street, London, Greater London SE16 3LT	-	-	2	Flat
£380K	10/20	0.8 mi	22, Woolstaplers Way, London, Greater London SE16 3UP	£5,938	64	2	Flat
£365K	03/21	0.81 mi	33, Blanch Close, London, Greater London SE15 2LD	£5,098	72	2	Flat
£340K	06/23	0.81 mi	Flat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA	£7,907	43	2	Flat
£515K	12/20	0.81 mi	72, Linnell Road, London, Greater London SE5 8NJ	£8,666	59	2	Flat

Local Rents

51 rents from £1.5K/mo to £2.6K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,197	09/24	0 mi	Galleria Court, Peckham, London	2	Flat
£2,100	03/25	0 mi	-	2	Flat
£2,000	08/24	0.06 mi	Glengall road, Peckham, SE15	2	Flat
£1,800	08/24	0.08 mi	Galleria Court, Sumner Road, London, SE15	2	Flat
£1,950	08/24	0.12 mi	Glengall Road, London, SE15	2	Flat
£2,000	11/24	0.12 mi	-	2	Flat
£1,900	09/24	0.13 mi	-	2	Flat
£1,900	09/24	0.13 mi	-	2	Flat
£1,900	08/24	0.13 mi	Glengall Road, London, SE15	2	Flat
£1,900	08/24	0.13 mi	Glengall Road, London, SE15	2	Flat
£1,900	09/24	0.13 mi	Glengall Road, London, SE15	2	Flat
£1,800	08/24	0.21 mi	Bird In Bush Road London SE15	2	Flat
£1,690	03/25	0.22 mi	-	2	Flat
£2,300	10/24	0.22 mi	-	2	Flat
£1,600	08/24	0.22 mi	Bird in Bush Road, London, SE15	2	Flat
£1,800	02/25	0.23 mi	-	2	Flat
£2,100	08/24	0.23 mi	Trafalgar Avenue, Peckham, London, SE15	2	Flat
£2,000	08/24	0.24 mi	-	2	Flat
£2,100	08/24	0.24 mi	-	2	Flat
£2,100	08/24	0.24 mi	Calypso Crescent, London, SE15	2	Flat
£2,000	02/25	0.24 mi	-	2	Flat
£2,000	08/24	0.24 mi	Trafalgar Avenue, London, SE15	2	Flat
£1,842	08/24	0.27 mi	Eddington Court, Peckham, London	2	Flat
£1,900	08/24	0.27 mi	Eddington Court, Peckham, SE15	2	Flat
£2,500	02/24	0.27 mi	-	2	Flat
£2,600	03/25	0.27 mi	-	2	Flat
£2,100	08/24	0.28 mi	Bibury Close London SE15	2	Flat
£2,200	08/24	0.28 mi	Bibury Close, LONDON	2	Flat
£2,100	08/24	0.28 mi	Peckham Hill Street, London, SE15	2	Flat
£2,100	10/24	0.28 mi	-	2	Flat
£2,100	10/24	0.28 mi	-	2	Flat
£2,200	08/24	0.29 mi	Jowett Street, London, SE15	2	Flat
£1,980	03/25	0.29 mi	-	2	Flat
£1,890	08/24	0.3 mi	Chandler Way, London, SE15	2	Flat
£1,890	08/24	0.3 mi	-	2	Flat
£1,950	11/24	0.3 mi	-	2	Flat
£1,900	08/24	0.3 mi	Peckham Park Road Peckham SE15	2	Flat
£2,200	08/24	0.31 mi	Howson Court, 525 Old Kent Road, SE1	2	Flat
£1,920	12/24	0.31 mi	-	2	Flat
£2,500	08/24	0.31 mi	108 Chandler Way Peckham SE15	2	Flat
£1,700	08/24	0.31 mi	Sumner Road, London, SE15	2	Flat
£1,500	08/24	0.31 mi	Cronin Street, Peckham, London, SE15	2	Flat
£1,790	12/24	0.31 mi	-	2	Flat
£2,100	01/25	0.32 mi	-	2	Flat
£1,850	08/24	0.32 mi	Peckham Park Road, Peckham, SE15	2	Flat
£2,200	08/24	0.33 mi	Chandler Way Peckham SE15	2	Flat
£2,000	08/24	0.33 mi	Coopers Road London Bridge SE1	2	Flat
£2,000	12/24	0.33 mi	Coopers Road London Bridge SE1	2	Flat
£1,950	02/24	0.33 mi	-	2	Flat
£2,075	11/24	0.33 mi	-	2	Flat
£2,150	12/24	0.34 mi	Avondale Square, London, SE1	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	3.45 miles away3.45 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.88 miles away0.88 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £400,000

June 7, 2023

Floor Plans

Description

2 BED, 2 BATH APARTMENT WITH UNDERGROUND PARKING +
13' BALCONY +
141-YEAR LEASE +
EPC GRADE C +
OPEN PLAN LIVING +
NO CHAIN +
ADJACENT TO BURGESS PARK +

Guide Price £400,000-£450,000.
Set Adjacent to Burgess Park, is this 2 BEDROOM, 2 BATHROOM APARTMENT WITH BALCONY AND UNDERGROUND PARKING. Well presented accommodation briefly comprises: 15' Open Plan Living, 13' Balcony, Bedroom 1 with En-Suite, 2nd Bedroom and Bathroom. The property further benefits from a 141-YEAR LEASE, Underground Parking and Communal Gardens. Offered Chain Free, this would make an ideal purchase and viewing therefore is highly advised. EPC Grade C. London Borough of Southwark Council Tax Band C. Service Charge TBA. Ground Rent TBA.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NEC230107/2

Agent Details

Your Move, New Cross

020 3835 4108

Next Steps?

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