5 Bed Terraced House, Single Let, London, SE23 1HN, £750,000

Wastdale Road, London, SE23 1HN - a year ago

BTL
~178 m²
+24 photos

ValuationUndervalued

Sold Prices£665K - £1.8M
Sold Prices/m²£4.3K/m² - £11.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£4.2K/m²

Value Estimate

£907,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Total Cash In

£236,200

 

 

Cash Out

 

Rent Range

£1,750 - £6,000

Rent Estimate

£1,938

Running Costs/mo

£2,751

Cashflow/mo

£-813

Cashflow/yr

£-9,760

Gross Yield

3%

Local Sold Prices

50 sold prices from £665K to £1.8M, average is £1.0M. £4.3K/m² to £11.3K/m², average is £6.5K/m².

PriceDateDistanceAddressBeds 
£667.3K12/200.14 mi71, Beadnell Road, London, Greater London SE23 1AA5
£1.4M12/220.16 mi166, Stanstead Road, Forest Hill, London, Greater London SE23 1BZ5
£860K10/220.2 mi83, Brockley Rise, London, Greater London SE23 1JN5
£665K11/210.2 mi19, Kemble Road, Forest Hill, London, Greater London SE23 2DH5
£980K08/230.2 mi19, Kemble Road, Forest Hill, London, Greater London SE23 2DH5
£1.7M01/230.23 mi69, Sunderland Road, London, Greater London SE23 2PS5
£850K04/210.24 mi28, Stanstead Road, Forest Hill, London, Greater London SE23 1BW5
£1.2M12/220.25 mi31, Ackroyd Road, London, Greater London SE23 1DN5
£1.1M11/210.3 mi11, Loxton Road, Forest Hill, London, Greater London SE23 2ET5
£1.8M01/210.3 mi85, Devonshire Road, London, Greater London SE23 3LX5
£1.4M04/230.31 mi191, Devonshire Road, London, Greater London SE23 3NJ5
£1.5M11/220.32 mi21, Tyson Road, London, Greater London SE23 3AA5
£1.3M01/210.32 mi17, Benson Road, London, Greater London SE23 3RL5
£874.3K03/210.33 mi14, Elsinore Road, London, Greater London SE23 2SL5
£1.2M04/210.33 mi16, Boveney Road, London, Greater London SE23 3NN5
£935K12/200.34 mi6, Ewelme Road, London, Greater London SE23 3BH5
£1.1M07/230.34 mi26, Woodcombe Crescent, London, Greater London SE23 3BG5
£1.1M12/200.34 mi5, Dunoon Road, London, Greater London SE23 3TD5
£1.3M12/200.35 mi54, Dunoon Road, London, Greater London SE23 3TF5
£860K02/210.36 mi139, Grierson Road, London, Greater London SE23 1NT5
£1.0M02/230.39 mi65, Vancouver Road, London, Greater London SE23 2AH5
£1.4M03/210.42 mi34, Brockley View, London, Greater London SE23 1SL5
£900K08/230.43 mi72, Cranston Road, Forest Hill, London, Greater London SE23 2EY5
£771.3K08/210.44 mi8, Gladiator Street, London, Greater London SE23 1NA5
£1.2M03/210.46 miAlexander House, Horniman Drive, London, Greater London SE23 3BJ5
£1.3M04/210.46 mi14, Manor Mount, London, Greater London SE23 3PZ5
£985K12/200.48 mi33, Ravensbourne Road, London, Greater London SE6 4UU5
£950K02/210.48 mi27, Marler Road, London, Greater London SE23 2AE5
£900K07/230.49 mi97, Canonbie Road, London, Greater London SE23 3AQ5
£1.1M12/220.51 mi44, Carholme Road, London, Greater London SE23 2HS5
£1.3M07/220.54 mi12, Liphook Crescent, London, Greater London SE23 3BW5
£1.3M01/230.55 mi41, Ringmore Rise, London, Greater London SE23 3DE5
£980K02/230.56 mi44, Maclean Road, London, Greater London SE23 1PD5
£1.2M08/230.58 mi22, Ringmore Rise, London, Greater London SE23 3DE5
£753K12/200.6 mi41, Casslee Road, London, Greater London SE6 4XH5
£1.1M09/210.6 mi27, Ringmore Rise, London, Greater London SE23 3DF5
£1.5M08/230.6 mi39, Canonbie Road, London, Greater London SE23 3AW5
£821K03/230.6 mi21, Montacute Road, London, Greater London SE6 4XL5
£1.4M04/210.62 mi20a, Westwood Park, London, Greater London SE23 3QF5
£1.4M01/210.62 mi20, Canonbie Road, London, Greater London SE23 3AP5
£980K08/220.62 mi54, Derby Hill, London, Greater London SE23 3YD5
£736K04/210.65 mi129, Westwood Park, London, Greater London SE23 3QL5
£900K11/210.65 mi33, Courtrai Road, London, Greater London SE23 1PL5
£935K10/200.65 mi128, Westwood Park, London, Greater London SE23 3QH5
£935K02/230.66 mi148, Salehurst Road, Crofton Park, London, Greater London SE4 1AP5
£835K06/230.66 mi60, Pattenden Road, Catford, London, Greater London SE6 4NQ5
£785K05/210.66 mi17, Hawkesfield Road, London, Greater London SE23 2TN5
£1.5M08/220.69 mi45, Westwood Park, Forest Hill, London, Greater London SE23 3QG5
£945K03/210.71 mi5, Bartram Road, London, Greater London SE4 2DQ5
£1.6M08/210.72 mi14, Marmora Road, London, Greater London SE22 0RX5

Local Rents

49 rents from £1.8K/mo to £6K/mo, average is £2.9K/mo.

RentDateDistanceAddressBeds 
£6,00008/240 mi-5
£2,50008/240.09 miEwart Road, Forest Hill, London, SE234
£2,57508/240.14 mi33-39 Beadnell Road London SE233
£3,05008/240.14 miBeadnell Road London SE233
£2,20001/250.14 mi-3
£3,20008/240.2 miStanstead Road, Forest Hill4
£5,00010/240.21 mi-6
£3,00008/240.22 miRojack Road, Forest Hill, SE234
£2,25008/240.22 miColfe Road, London, SE233
£2,90008/240.23 miRojack Road London SE234
£3,35004/250.24 mi-4
£3,35003/250.24 mi-4
£3,50008/240.24 miKilmorie Road, London, SE234
£3,75008/240.25 miAckroyd Road Forest Hill SE234
£3,00008/240.26 miGarthorne Road, Forest Hill3
£3,00008/240.26 miGarthorne Road, London, SE233
£2,90008/240.26 miSunderland Road, Forest Hill, SE234
£2,35002/240.28 mi-3
£2,35002/240.28 mi-3
£2,80008/240.29 miSunderland Road, London, SE234
£3,70002/250.29 mi-4
£3,00008/240.3 miLoxton Road, Forest Hill, London, SE234
£3,00008/240.3 miSunderland Road, London, SE234
£2,99508/240.32 miChurch Rise, London, SE234
£2,99508/240.32 miChurch Rise, London, SE234
£4,50008/240.32 miChurch Rise, Forest Hill, London, SE234
£2,55012/240.32 mi-3
£4,00008/240.32 miBenson Road 5
£2,80009/240.35 mi-4
£2,80008/240.35 miBrockley Park, London, SE234
£2,85008/240.35 miGrierson Road, Honor Oak3
£3,00008/240.35 miTalmage Close, Forest Hill4
£2,70004/250.36 mi-3
£2,70004/250.36 mi-3
£2,70004/250.36 mi-3
£1,75008/240.36 miHonor Oak Park, London, SE233
£4,50008/240.38 miVancouver road, SE233
£2,75008/240.39 miBallina Street, Forest Hill3
£3,40008/240.39 miMontgomerie Mews, London, SE234
£3,40010/240.39 mi-4
£2,69508/240.39 miChurch View, Sunderland Road, London, SE234
£2,19508/240.39 miBroadmead, London, SE63
£2,30008/240.4 miHindsleys Place London SE233
£1,87512/240.41 mi-3
£2,30001/250.42 mi-3
£2,70003/250.43 mi-3
£2,50008/240.43 mi-3
£2,45008/240.44 miHonor Oak Park, Forest Hill3
£3,50008/240.44 miHavelock Walk, London, SE233

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £750,000

February 20, 2024

Floor Plans

Description

  • No onward chain +
  • High yield circa 8% +
  • Stylishly decorated +
  • Period home +
  • 5 double bedrooms +

CALL EXTN 1021 Check out this incredibly unique period brick façade, 5 bed freehold house, which is set across three floors and recently refurbished throughout. Sold with no onward chain.

Investors take note; Amazing yield opportunity at 8%!

With an abundance of character, internally the accommodation is very spacious with a lot of floor space across three floors. The layout comprises five bedrooms, two en-suites, family bath, a separate w/c, a spacious reception room, a kitchen/diner/snug, roof terrace and a private rear garden.

It has been beautifully decorated throughout with some unique touches such as the copper roll top bath in the family bathroom that opens through to a hidden study / bedroom. Unusual for this area, is the roof top terrace that would make for the perfect alfresco dinner under the stars with a drink of your choice. Even more unusual is to find that all 5 bedrooms are doubles with two having their own en-suite bathroom, no fighting over showers in this household!

It’s been designed to be perfect for anyone but would make the most fabulous home for a new or established family to make an abundance of wonderful memories in this stylish and trendy abode. If not to your taste, however, the owners will make certain changes subject to request making it a perfect home for you!

Wastdale Road is situated on the borders of both Honor Oak and Forest Hill, with both stations offering superb connections into London Bridge, and East London via the highly rated London Overground Line. The immediate locale offers good schools, local shops, and access to both Forest Hill High Street and Honor Oak Parade.

This is one not to miss!
Please note all viewings are strictly via appointment only.
Council tax band: D

Agent Details

The Estate Agency, Covering Nationwide

020 8051 4573

Next Steps?

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