2 Bed Flat, Single Let, London, SE23 3RJ, £390,000

Benson Road, Forest Hill, london, SE23 3RJ - 3 views - a year ago

Leasehold

BTL

~63 m²

+2 photos

ValuationUndervalued

Sold Prices	£250K - £620K
Sold Prices/m²	£1.7K/m² - £9K/m²

Square Metres	~62.80 m²
Price/m²	£6.2K/m²
Value Estimate	£400,654£400,654
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£97,500£97,500
Stamp Duty & Legal Fees	£19,900£19,900
Total Cash In	£117,400£117,400

Cash Out
Rent Range	£1,500 - £3,300£1,500 - £3,300
Rent Estimate	£1,513
Running Costs/mo	£1,541£1,541
Cashflow/mo	£-28£-28
Cashflow/yr	£-340£-340
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £620K, average is £396.8K. £1.7K/m² to £9K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	07/23	0.05 mi	150c, Devonshire Road, London, Greater London SE23 3SZ	£7,674	46	2	Flat
£250K	06/21	0.11 mi	90a, Devonshire Road, London, Greater London SE23 3SX	£4,984	50	2	Flat
£485K	02/23	0.12 mi	Ground Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL	-	-	2	Flat
£350K	12/20	0.12 mi	38b, Ewelme Road, London, Greater London SE23 3BH	£8,537	41	2	Flat
£312.5K	04/23	0.12 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat
£464K	11/20	0.14 mi	182c, Devonshire Road, London, Greater London SE23 3TB	£6,356	73	2	Flat
£398.5K	10/21	0.2 mi	96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS	£5,175	77	2	Flat
£556K	12/20	0.2 mi	3a, Dunoon Road, London, Greater London SE23 3TD	-	-	2	Flat
£320K	11/20	0.21 mi	Flat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ	-	-	2	Flat
£465K	12/20	0.21 mi	23b, Rockbourne Road, London, Greater London SE23 2DA	£1,729	269	2	Flat
£387.5K	12/21	0.23 mi	38a, Rockbourne Road, London, Greater London SE23 2DD	-	-	2	Flat
£435K	12/20	0.24 mi	232b, Devonshire Road, London, Greater London SE23 3TQ	£6,493	67	2	Flat
£427.5K	08/21	0.27 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£372.5K	06/21	0.27 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£405K	03/21	0.27 mi	53, Greystead Road, London, Greater London SE23 3SD	£6,136	66	2	Flat
£315K	09/21	0.28 mi	24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS	-	-	2	Flat
£322.5K	06/23	0.3 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£445K	06/23	0.34 mi	8, Grove Close, London, Greater London SE23 1AS	£6,014	74	2	Flat
£450K	08/23	0.34 mi	16, Firs Close, London, Greater London SE23 1BB	£5,769	78	2	Flat
£290K	11/20	0.35 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£400K	12/20	0.35 mi	76c, Honor Oak Road, London, Greater London SE23 3RR	£6,667	60	2	Flat
£595K	06/23	0.38 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£335K	04/23	0.42 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat
£440K	05/23	0.43 mi	22a, Ackroyd Road, London, Greater London SE23 1DL	£7,384	60	2	Flat
£373.3K	07/23	0.43 mi	172, Grierson Road, London, Greater London SE23 1NU	£5,925	63	2	Flat
£492K	06/21	0.43 mi	Greenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB	-	-	2	Flat
£485K	04/21	0.43 mi	65a, Colfe Road, London, Greater London SE23 2ES	£5,575	87	2	Flat
£345K	03/23	0.44 mi	Flat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX	-	-	2	Flat
£539K	12/20	0.44 mi	Flat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP	-	-	2	Flat
£507.8K	12/20	0.44 mi	19a, Gabriel Street, London, Greater London SE23 1DW	£8,897	57	2	Flat
£340K	07/23	0.44 mi	184, Wood Vale, London, Greater London SE23 3EA	£5,075	67	2	Flat
£390K	03/23	0.46 mi	20, Honor Oak Rise, London, Greater London SE23 3RA	£8,125	48	2	Flat
£375K	06/21	0.48 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£375K	09/21	0.49 mi	24a, St Germans Road, London, Greater London SE23 1RJ	£7,979	47	2	Flat
£513.9K	07/23	0.5 mi	5, Loxton Road, Forest Hill, London, Greater London SE23 2ET	£7,786	66	2	Flat
£365K	03/21	0.5 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat
£540K	02/23	0.5 mi	1a, Wyleu Street, London, Greater London SE23 1DU	£8,852	61	2	Flat
£620K	04/21	0.5 mi	107a, Wood Vale, London, Greater London SE23 3DT	£8,732	71	2	Flat
£440K	01/23	0.51 mi	Ground Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ	-	-	2	Flat
£455K	02/23	0.52 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£350K	06/23	0.52 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.52 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.52 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.52 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£376K	05/21	0.52 mi	42a, Kilmorie Road, London, Greater London SE23 2ST	-	-	2	Flat
£450K	06/23	0.52 mi	18a, Honor Oak Park, London, Greater London SE23 1DY	£9,000	50	2	Flat
£395K	12/20	0.53 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.53 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£335K	12/20	0.53 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£600K	12/20	0.54 mi	35b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat

Local Rents

49 rents from £1.5K/mo to £3.3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0.01 mi	Devonshire Road, London, SE23	2	Flat
£2,100	08/24	0.01 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,850	08/24	0.03 mi	Devonshire Road, London, SE23	2	Flat
£1,825	10/24	0.08 mi	-	2	Flat
£1,550	08/24	0.11 mi	Devonshire Road, London, SE23	2	Flat
£1,550	09/24	0.11 mi	-	2	Flat
£1,700	03/25	0.11 mi	-	2	Flat
£1,600	08/24	0.11 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,950	08/24	0.12 mi	Churchwood Gardens, Honor Oak	2	Flat
£1,700	08/24	0.12 mi	Honor Oak Road, Forest Hill, London, SE23	2	Flat
£1,800	09/24	0.12 mi	-	2	Flat
£1,650	08/24	0.13 mi	Devonshire Road, London, SE23	2	Flat
£1,750	08/24	0.15 mi	Lynfield Court, Devonshire Road, Forest Hill, SE23	2	Flat
£2,250	08/24	0.15 mi	Churchwood Gardens, Forest Hill	2	Flat
£2,200	08/24	0.15 mi	Churchwood Gardens, Forest Hill	2	Flat
£2,200	08/24	0.16 mi	Churchwood Gardens, Forest Hill	2	Flat
£1,650	08/24	0.16 mi	Devonshire Road, Forest Hill, London, SE23	2	Flat
£2,200	08/24	0.17 mi	Honor Oak Road, Honor Oak	2	Flat
£1,950	08/24	0.17 mi	Churchwood Gardens, Forest Hill, London, SE23	2	Flat
£2,200	08/24	0.17 mi	Churchwood Gardens, Forest Hill, London, SE23	2	Flat
£2,200	08/24	0.19 mi	Churchwood Gardens, Honor Oak	2	Flat
£2,350	08/24	0.19 mi	Stanstead Road, London, SE23	2	Terraced House
£1,500	08/24	0.19 mi	-	2	Flat
£1,746	08/24	0.2 mi	Manor Way, Forest Hill, SE23	2	Flat
£1,900	11/24	0.2 mi	-	2	Flat
£1,800	08/24	0.21 mi	The Manor, Manor Way, London	2	Flat
£1,950	09/24	0.22 mi	-	2	Flat
£1,950	09/24	0.22 mi	-	2	Flat
£1,750	08/24	0.22 mi	Manor Mount, London, SE23	2	Flat
£1,950	08/24	0.23 mi	Manor Mount, London, SE23	2	Flat
£1,950	08/24	0.23 mi	-	2	Flat
£2,500	08/24	0.23 mi	-	2	Flat
£3,300	03/25	0.23 mi	-	2	Flat
£2,900	04/25	0.23 mi	-	2	Flat
£1,950	12/24	0.23 mi	-	2	Flat
£1,980	03/25	0.23 mi	-	2	Flat
£1,700	03/25	0.24 mi	-	2	Flat
£1,950	08/24	0.24 mi	Manor Mount, London, SE23	2	Flat
£2,250	08/24	0.24 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.24 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.24 mi	Stanstead Road London SE23	2	Flat
£1,650	03/25	0.24 mi	-	2	Flat
£2,000	04/25	0.25 mi	-	2	Flat
£2,200	08/24	0.25 mi	Manor Mount, Forest Hill, London, SE23	2	Flat
£2,000	08/24	0.25 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,650	08/24	0.26 mi	Horniman Drive, Forest Hill, London, SE23	2	Flat
£1,850	02/24	0.26 mi	-	2	House
£1,825	08/24	0.26 mi	Canonbie Road London SE23	2	Flat
£1,500	08/24	0.27 mi	Sunderland Road Forest Hill SE23	2	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.23 miles away6.23 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Price changed to £390,000

December 4, 2024

Listed for £400,000

December 26, 2023

Floor Plans

Description

FIRST FLOOR +
BEAUTIFULLY PRESENTED +
SPLIT LEVEL +
WALKING DISTANCE TO FOREST HILL STATION +
GREAT LOCATION +
LEAFY RESIDENTAIL ROAD +
160 year left on the lease +

Guide price £390,000 - £400,000 We are pleased to offer this stunning dual aspect, top floor, two bedroom split level apartment which is Located on one of Forest Hill & Honor Oak Park's most popular Roads . The property forms part of a beautifully presented victorian building and is ideally located midway between Forest Hill and Honor Oak Park town centres and stations. Internally, the property has been tastefully decorated and maintained by its present owners, and has magnificent views across SE London. The property comprises a charming reception room , two double bedrooms, a modern kitchen with plenty of storage and modern bathroom. Benson Road is an pretty road made up of attractive Victorian homes. It has convenient access to both Forest Hill and Honor Oak Park train station's along with a number of Ofsted 'Outstanding' schools. The amenities of Forest Hill, Honor Oak and Dulwich are within close proximity. 160 YEARS ON THE LEASE

Agent Details

Alexander Charles & Browne, Forest Hill

020 3910 6336

Next Steps?

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

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