2 Bed Flat, Single Let, London, SE6 1PP, £275,000

43 Scarlet Road, London, Greater London, SE6 1PP - 1 views - a year ago

Leasehold
BTL
ROI: 6%
51 m²
+6 photos

ValuationOvervalued

Sold Prices£225K - £487.5K
Sold Prices/m²£3.9K/m² - £8.3K/m²

 

 

Square Metres

51 m²
Price/m²£5.4K/m²

Value Estimate

£253,683

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,600 - £2,300

Rent Estimate

£1,600

Running Costs/mo

£1,199

Cashflow/mo

£401

Cashflow/yr

£4,808

ROI

6%

Gross Yield

7%

Local Sold Prices

48 sold prices from £225K to £487.5K, average is £299K. £3.9K/m² to £8.3K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£250K11/200.22 mi106, Evans Road, London, Greater London SE6 1QQ2
£425K12/200.32 mi81a, Birkhall Road, London, Greater London SE6 1TD2
£356.5K08/210.36 mi37a, Hazelbank Road, Catford, London, Greater London SE6 1LN2
£285K12/230.38 mi51b, Ardoch Road, London, Greater London SE6 1SN2
£235K07/230.39 mi179b, Broadfield Road, London, Greater London SE6 1TJ2
£372K10/210.4 mi210a, Wellmeadow Road, Catford, London, Greater London SE6 1HS2
£257.5K03/230.62 miFlat 17, Montrose Court, Cumberland Place, London, Greater London SE6 1NA2
£225K02/230.62 miFlat 16, Rothesay Court, Cumberland Place, London, Greater London SE6 1NB2
£245K10/230.63 miFlat 12, Hamilton Court, Cumberland Place, London, Greater London SE6 1LY2
£247.5K12/200.69 miFlat 9, Whitchurch House, Bromley Road, Catford, London, Greater London SE6 2TE2
£350K01/210.7 mi9a, Callander Road, London, Greater London SE6 2QA2
£335K07/210.7 mi13, Callander Road, London, Greater London SE6 2QA2
£310K01/210.7 mi89a, Arran Road, London, Greater London SE6 2LS2
£290K03/210.72 mi54b, Ardgowan Road, London, Greater London SE6 1UU2
£420K07/230.73 mi5a, Broadfield Road, London, Greater London SE6 1ND2
£385K06/210.74 miGround Floor Flat, 105, Fordel Road, London, Greater London SE6 1XT2
£275K03/230.75 mi277, Downham Way, Bromley, Greater London BR1 5EN2
£415K01/210.79 mi1, Arran Road, London, Greater London SE6 2LT2
£305K02/210.79 mi145a, Culverley Road, London, Greater London SE6 2JZ2
£360K06/210.81 mi119a, Bromley Road, Catford, London, Greater London SE6 2NZ2
£338K01/240.81 miGround Floor Flat, 328a, Brownhill Road, London, Greater London SE6 1AX2
£250K09/230.83 mi17, Arngask Road, London, Greater London SE6 1XY2
£268K02/230.84 mi211, Sangley Road, London, Greater London SE6 2DY2
£320K10/210.84 mi212, Southover, Bromley, Greater London BR1 4SE2
£290K07/230.84 miFlat 26, Verdant Court, Verdant Lane, London, Greater London SE6 1LE2
£274K10/200.84 mi294b, Brownhill Road, Catford, London, Greater London SE6 1AU2
£230K09/210.86 mi263f, Brownhill Road, Catford, London, Greater London SE6 1AE2
£282.5K05/210.87 mi47b, Ronver Road, London, Greater London SE12 0NR2
£325K11/200.87 miBasement Flat, 13, Ronver Road, London, Greater London SE12 0NR2
£450K03/210.89 mi58a, Bargery Road, London, Greater London SE6 2LN2
£290K12/230.9 mi322c, Hither Green Lane, London, Greater London SE13 6TS2
£450K01/230.91 mi43a, Bargery Road, London, Greater London SE6 2LJ2
£295K12/220.91 mi28, Britton Close, London, Greater London SE6 1AP2
£395K06/210.91 mi15b, Torridon Road, London, Greater London SE6 1AQ2
£278K12/200.92 mi57, Sandstone Road, London, Greater London SE12 0UR2
£270K12/220.92 mi287, Brookehowse Road, London, Greater London SE6 3TS2
£265K01/230.93 mi89, Dunfield Road, London, Greater London SE6 3RG2
£255K09/210.95 mi11, Dilhorne Close, London, Greater London SE12 0BL2
£303K10/230.96 mi138, The Woodlands, Hither Green, London, Greater London SE13 6TX2
£307.5K05/230.96 mi55a, Wellmeadow Road, Catford, London, Greater London SE13 6TA2
£487.5K11/200.96 mi65a, Wellmeadow Road, Catford, London, Greater London SE13 6TA2
£295K07/230.97 mi14, Chinbrook Crescent, London, Greater London SE12 9TJ2
£338.9K12/220.97 mi82, Sangley Road, London, Greater London SE6 2JP2
£365K03/210.97 mi148, Sangley Road, London, Greater London SE6 2JP2
£356.4K09/210.97 mi132, Sangley Road, London, Greater London SE6 2JP2
£260K05/210.99 mi18, Hope Close, London, Greater London SE12 0BW2
£275K06/210.99 mi33, Hope Close, London, Greater London SE12 0BW2
£310K01/231 miFlat 28, Holm Court, Le May Avenue, London, Greater London SE12 0BD2

Local Rents

28 rents from £1.6K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75008/240.1 miGilton Road, London SE92
£1,86802/250.11 mi-2
£1,86802/250.11 mi-2
£1,96804/250.11 mi-2
£1,60008/240.11 mi-2
£1,95012/240.18 mi-2
£1,68004/250.29 mi-2
£1,60003/240.32 miDownderry Road Bromley BR12
£1,75008/240.32 miBoundfield Road London SE62
£1,60008/240.34 miBellingham Road, Catford, SE62
£1,80003/250.4 mi-2
£1,90003/240.46 mi-2
£2,00001/250.46 mi-2
£2,00003/240.46 miNorthover, Bromley, BR12
£1,75003/240.47 miOakridge Road, Bromley, London, BR12
£1,68503/240.47 mi-2
£1,75003/240.47 mi-2
£1,78004/250.48 mi-2
£1,95004/250.5 mi-2
£1,75011/240.51 mi-2
£1,75002/250.54 mi-2
£1,70003/240.55 miCapstone Road, Bromley, Kent2
£2,30008/240.55 miMinard Road, London, SE62
£1,95004/250.6 mi-2
£1,77512/240.61 mi-2
£1,87512/240.61 mi-2
£1,65008/240.61 miCumberland Place, Catford, London, SE62
£1,60008/240.62 miThe Old Stables, Braidwood Road, Catford, SE62

Local Area Statistics

Population in SE6

53,011

Population in London

4,771,921

Town centre distance

7.98 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £275,000

October 18, 2023

Sold for £227,000

2022

Floor Plans

Description

  • Two double bedrooms +
  • Purpose built apartment +
  • Second floor +
  • Modern integrated kitchen +
  • 584 sq ft. +
  • Chain free +
  • Private balcony +
  • EPC rating D +

Immaculately presented throughout is this stylish two bedroom second floor apartment. Offered to the market with no onward chain and having been renovated throughout, viewing is advised.
Additional Information

Council Tax Band: B
Tenure: Leasehold

Original length of lease: 109 years
Date lease commences: 11th April 2005
Service charge: Approx: TBC
Ground rent: Approx: TBC

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Catford

020 3834 8355

Next Steps?

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