2 Bed Flat, Single Let, London, SE6 4PW, £294,000

Catford Hill, London, SE6 4PW - 1 views - a year ago

Sold STC
BTL
ROI: 6%
~68 m²
+9 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,500

Stamp Duty & Legal Fees

£12,220

Total Cash In

£85,720

 

 

Cash Out

 

Rent Range

£1,295 - £2,300

Rent Estimate

£1,667

Running Costs/mo

£1,272

Cashflow/mo

£395

Cashflow/yr

£4,738

ROI

6%

Gross Yield

7%













Local Rents

49 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.01 miCatford Hill, London, SE62
£1,60008/240.01 miCatford Hill, London, SE62
£2,00008/240.02 mi-2
£1,40003/250.04 mi-2
£1,40003/250.04 mi-2
£1,79808/240.05 miCatford Hill, London, SE62
£1,71208/240.05 miCatford Hill, London, SE62
£1,75008/240.06 miCatford Hill, Catford, SE62
£1,60011/230.08 miCatford Hill, London, SE62
£1,60008/240.08 miCatford Hill, London, SE62
£1,60008/240.08 miCatford Hill, London, SE62
£1,90008/240.08 miBeechfield Road London SE62
£2,00008/240.09 mi-2
£1,75004/250.16 mi-2
£1,65008/240.16 miPerry Hill, London, SE62
£1,65008/240.17 miGlenwood Road, London, SE62
£1,85008/240.17 miCarholme Road, London, SE232
£1,85011/240.17 mi-2
£1,47011/240.17 mi-2
£1,75008/240.18 miStanstead Road, London, SE62
£1,80008/240.18 miStanstead Road, SE62
£1,52009/240.19 mi-2
£1,70001/250.22 mi-2
£1,65008/240.23 miNorthwood Road Forest Hill SE232
£1,50008/240.23 miFaversham Road, Catford, London, SE62
£1,85008/240.24 miVancouver Road, Forest hill, London, SE232
£1,80008/240.24 mi-2
£1,70008/240.24 mi-2
£1,80009/240.25 mi-2
£1,80008/240.25 miBurford Road, London, SE62
£1,60008/240.26 miMarler Road, Forest Hill, London, SE232
£2,10009/240.27 mi-2
£1,80008/240.29 miWoolstone Road, Forest Hill, London, SE232
£1,60008/240.3 miStanstead Road, London, SE232
£1,60009/240.3 mi-2
£1,60009/240.3 mi-2
£1,65008/240.3 mi-2
£1,50008/240.32 miStanstead Road, London, SE232
£1,85008/240.33 miHurstbourne Road, London, SE232
£1,85009/240.33 mi-2
£2,20002/250.33 mi-2
£1,79508/240.33 miStanstead Road, London, SE232
£1,75008/240.33 miCranston Road, London, SE232
£2,15010/240.34 mi-2
£2,15010/240.34 mi-2
£1,93508/240.34 mi-2
£1,85008/240.34 miMontem Road, London, SE232
£2,30012/240.34 mi-2
£1,29508/240.35 miMontem Road, London, SE232

Local Area Statistics

Population in SE6

53,011

Population in London

4,771,921

Town centre distance

6.89 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £294,000

February 14, 2024

Floor Plans

Description

  • No Onward Chain +
  • Ideal For First Time Buyers Or Investments Buyers +
  • Potential Rental Income of £20,000 Per Annum +
  • Great Location +
  • Recently Decorated +
  • Fitted Kitchen with Appliances +
  • Double Glazing +
  • Panoramic Views Over London +
  • Lift Service +

No Onward Chain. A well-presented 2 bedroom upper floor apartment with panoramic views across London. This spacious apartment offers either an INVESTMENT OPPORTUNITY rental potential of £20,000 Per Annum or an IDEAL FIRST TIME PURCHASE.

*Communal Entrance * Communal Lift & Grounds * First Floor Apartment * 18'8 Lounge/Dining Room * 15'2 Master Bedroom * Fitted Kitchen with built in fridge/freezer, oven, hob, dishwasher and washing machine * Principle Bathroom * Double Glazing * Council Tax Band C * EPC Rating C.

* Lease - 125 years from 1st January 2016
* Maintenance - Approx £3000 Per Annum * Ground Rent - Peppercorn

The property is located along Catford Hill on the corner of Creeland Grove close to the A205 South Circular Road and centre of Catford which offers a comprehensive range of amenities including a variety of shops in Catford Shopping Centre, Catford Broadway and the High Street together with churches, The Broadway Theatre and open spaces including Mountfield Park. There are a choice of stations, Catford and Catford Bridge giving good connections to Charing Cross, London Bridge, Farringdon & Waterloo.

Garage - One Vehicle Garage Parking Space Available (By separate negotiation )In accordance with Section 21 of the Estate Agents Act 1979 a personal interest is declare whereby the Vendor is a Director of Pollard Machin Estate Agents.

Agent Details

Pollard Machin, Sanderstead

020 3872 5487

Next Steps?

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