2 Bed Terraced House, Single Let, London, SE15 3PH, £630,000

Peckham Rye, London, SE15 3PH - 2 views - a year ago

Leasehold
BTL
~68 m²
+1 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£157,500

Stamp Duty & Legal Fees

£39,100

Total Cash In

£196,600

 

 

Cash Out

 

Rent Range

£1,800 - £3,450

Rent Estimate

£1,819

Running Costs/mo

£2,353

Cashflow/mo

£-534

Cashflow/yr

£-6,403

Gross Yield

3%













Local Rents

45 rents from £1.8K/mo to £3.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00008/240.01 mi-2
£2,20008/240.08 miHuguenot Square London SE152
£2,50008/240.08 miPeckham Rye, Peckham, London, SE152
£2,50008/240.08 miPeckham Rye, Peckham Rye, London, SE152
£2,50008/240.08 miPeckham Rye, Peckham Rye, London, SE152
£2,75008/240.08 miPeckham Rye, Peckham Rye, London, SE152
£2,75008/240.08 miPeckham Rye, Peckham Rye, London, SE152
£2,50008/240.08 miPeckham Rye, Peckham, London, SE152
£2,45008/240.09 miKinsale Road, Peckham, London, SE152
£1,80011/240.09 mi-2
£2,20011/240.1 mi-2
£2,05010/240.13 mi-2
£2,10003/250.16 mi-2
£2,10008/240.18 miSternhall Lane Peckham SE152
£2,35011/240.18 mi-2
£2,30008/240.18 miHeaton Road, Peckham, London, SE152
£2,62508/240.19 miHeaton Road London SE152
£2,70008/240.19 miHeaton Road London SE152
£3,45008/240.19 miHeaton Road London SE152
£2,70008/240.19 miHeaton Road London SE152
£3,45008/240.19 miHeaton Road London SE152
£2,62508/240.19 miHeaton Road London SE152
£2,62508/240.19 miHeaton Road London SE152
£2,70008/240.19 miHeaton Road London SE152
£2,70008/240.19 miHeaton Road London SE152
£2,62508/240.19 miHeaton Road London SE152
£3,45008/240.19 miHeaton Road London SE152
£2,00008/240.19 miTilling House, Nunhead Estate, Peckham, SE152
£2,57503/250.2 mi-2
£2,25003/250.2 mi-2
£2,00008/240.21 miAmott Road , London, SE152
£2,75008/240.21 miBasi Terrace2
£2,30008/240.21 miCarden Road Nunhead SE152
£2,40011/240.22 mi-2
£2,20008/240.22 miSolway Road, East Dulwich, London, SE222
£2,50008/240.22 miSolway Road Dulwich SE222
£2,30008/240.22 miGowlett Road London SE152
£2,00011/240.24 mi-2
£2,30008/240.25 miEast Dulwich Road, East Dulwich, London, SE222
£1,90008/240.25 miRye Lane, Peckham, London, SE152
£1,80008/240.26 mi-2
£2,20010/240.26 mi-2
£2,10008/240.26 miGordon Road Nunhead SE152
£1,85008/240.27 miLinden Grove Peckham SE152
£2,85008/240.27 miSandlings Close London SE152

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

4.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £630,000

February 23, 2024

Floor Plans

Description

  • Brand new modular unit on top of existing Howard Court building +
  • Two double bedrooms +
  • Two modern bathrooms (one ensuite) +
  • Fantastic roof terrace with far reaching views of the City and Canary Wharf +
  • Open plan living +
  • Very close to the trendy Bellenden Road area of Peckham +
  • Within a short walk to Peckham Rye railway station +
  • Close to bars, restaurants and amenities +
  • Amenities of Lordship Lane, East Dulwich and Nunhead within a short walk +
  • Open Spaces of Peckham Rye park on your doorstep +

No-Flies are delighted to present, on behalf of a well established developer (the "Developer"), an exciting opportunity to secure one of just three penthouse apartments being created as a new fourth floor to Howard Court on Peckham Rye, right in the heart of vibrant Peckham. The development is part of a new pioneering airspace business by the Developer that creates aspirational and affordable modular penthouse living on unused "airspace" above existing residential building rooftops. Working with leading modular construction companies, high spec' apartments are built off site and then fitted into place.

This apartment offer two bedrooms (with fantastic views of Peckham Rye), two bathrooms (one ensuite), open plan living space and a roof terrace with far reaching views of the City and Canary Wharf. Each penthouse will be finished to an extremely high standard.

Construction of the modular units is complete and delivery to the Howard Court site is imminent. First viewings are expected to take place from around 8th February 2025..

Howard Court faces directly onto the northern tip of Peckham Rye. It is, therefore, excellently located being within walking distance of each of increasingly fashionable Peckham, the village community of Nunhead and the established shops, bars and restaurants of East Dulwich. Closest to hand are Peckham and Nunhead (approximately a 2 and 10 minute walk respectively). In Peckham you will find the trendiest venues around Rye Lane such as Peckham Levels, The Bussey Building, Market Building, Peckham Plex cinema and Frank's rooftop bar.

In the Bellenden Road area you will find a range of good restaurants and bars including Artusi (Italian), the Begging Bowl (Thai), Ganapati (south Indian) and the Victoria Inn and Montpelier pubs.

Nunhead has a more village feel with its almshouses and green. Again it has a growing selection of eateries and bars and established local shops such as Sopers (fishmongers) and Ayres (bakers). East Dulwich is a fifteen minute walk. Here, on its high street, Lordship Lane, you will find excellent independent shopping, restaurants (including the well regarded Franklins) and numerous pubs as well as the Picturehouse cinema.

Howard Court is within a five minute walk of Peckham Rye railway station (which provide direct services into London Bridge (10 mins), Victoria (13 mins), Blackfriars (14 mins), City Thameslink (16 mins) and King's Cross/St.Pancras (24 mins)) as well as access to the London Overground services, which provide connections to the Jubilee line tube services to Canary Wharf.

You enter Howard Court through an archway facing directly onto Peckham Rye and walk into the inner courtyard where you will find a communal lawned area and some residents' bike storage. You enter the building via entryphone and take the stairs to the fourth floor where you are will find the landing providing sole access to this penthouse.

This apartment will be sold with a 10 year structural building warranty. For further information on this exciting opportunity please contact No-Flies who are acting as sole agent for the Developer.

Agent Details

NoFlies, London

020 3889 9010

Next Steps?

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