2 Bed Flat, Single Let, London, SE23 2UE, £400,000

South Road, Forest Hill, London, SE23 2UE - 3 views - a year ago

BTL
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£250K - £818K
Sold Prices/m²£1.7K/m² - £8.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£430,023
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,460 - £2,500

Rent Estimate

£1,556

Running Costs/mo

£1,581

Cashflow/mo

£-25

Cashflow/yr

£-302

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £818K, average is £396.8K. £1.7K/m² to £8.5K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£375K06/210.02 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£595K06/230.1 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£455K02/230.12 mi62a, Westbourne Drive, London, Greater London SE23 2UN2
£335K04/230.15 mi14, Church Vale, London, Greater London SE23 2UW2
£350K06/230.16 miFlat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£332K12/200.16 miFlat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£300K02/210.16 miFlat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£366K09/230.16 miFlat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£450K03/210.17 mi37b, Siddons Road, London, Greater London SE23 2JH2
£445K07/230.18 mi6, Aylward Road, London, Greater London SE23 2JE2
£290K11/200.19 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£567.5K06/230.19 mi47, Farren Road, London, Greater London SE23 2DZ2
£435.8K08/210.19 mi24, Shipman Road, London, Greater London SE23 2DY2
£322.5K06/230.21 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£372.5K06/210.21 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£420K03/210.23 mi27b, Como Road, London, Greater London SE23 2JL2
£370K06/230.24 mi82, Bampton Road, London, Greater London SE23 2AX2
£400K06/230.24 mi84, Bampton Road, London, Greater London SE23 2AX2
£387.5K12/210.24 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£513.9K07/230.25 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£465K12/200.26 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£485K04/210.29 mi65a, Colfe Road, London, Greater London SE23 2ES2
£427.5K08/210.3 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£398.5K10/210.3 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£495.2K07/230.32 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£335K06/230.33 mi95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT2
£355K04/210.35 mi141, Dartmouth Road, London, Greater London SE23 3HX2
£312.5K04/230.35 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£250K06/210.36 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£376K05/210.36 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£367K09/230.36 mi181, Longfield Crescent, Sydenham, London, Greater London SE26 4DR2
£478K08/210.38 miGround Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL2
£320K12/200.38 mi37, Longfield Crescent, Sydenham, London, Greater London SE26 4DU2
£312.5K03/230.38 mi43, Longfield Crescent, Sydenham, London, Greater London SE26 4DU2
£475.5K02/230.39 mi39, Como Road, London, Greater London SE23 2JL2
£390K10/210.39 mi80a, Elsinore Road, London, Greater London SE23 2SN2
£458.8K01/210.39 mi88, Elsinore Road, London, Greater London SE23 2SN2
£342K11/200.4 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£375K03/210.41 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£507.5K12/200.41 mi71b, Woolstone Road, London, Greater London SE23 2TQ2
£818K02/230.42 mi49, Mayow Road, London, Greater London SE23 2XH2
£395K12/200.44 miFlat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH2
£473K08/230.44 miFlat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ2
£426K04/210.45 mi24, Sydenham Park Road, London, Greater London SE26 4ED2
£498K04/210.45 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£320K07/230.46 miFlat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP2
£445K06/230.46 mi8, Grove Close, London, Greater London SE23 1AS2
£539K12/200.47 miFlat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP2
£450K02/240.47 miFlat 1, Mayode House, Round Hill, London, Greater London SE26 4RF2
£350K12/200.47 mi38b, Ewelme Road, London, Greater London SE23 3BH2

Local Rents

50 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85002/250.08 mi-2
£1,85008/240.08 miAndrew Court, 38 Church Rise, London, SE232
£1,75002/250.1 mi-2
£2,00003/250.14 mi-2
£1,85008/240.14 miWestbourne Drive, SE232
£1,70010/240.15 mi-2
£2,20009/240.16 miHindsleys Place London SE232
£2,00003/250.17 mi-2
£1,50002/240.17 mi-2
£1,80008/240.17 miCharlotte Parade, Shipman Road, London, SE232
£1,70008/240.17 miWaldram Park Road, London2
£2,00002/250.17 mi-2
£1,99502/240.18 mi-2
£1,46002/250.18 mi-2
£1,46002/250.18 mi-2
£1,60008/240.19 miSunderland Road, Forest Hill, SE232
£1,70009/240.19 miSunderland Road London SE232
£1,80008/240.2 miPerry Vale, Forest Hill, SE232
£1,95008/240.2 miWaldram Park Road, Forest Hill, London, SE232
£2,00009/240.21 mi-2
£2,00008/240.21 miForest Hill, London, SE232
£1,55008/240.21 miDacres Road, London, SE232
£2,10008/240.21 miWaldram Park Road London SE232
£1,60008/240.21 miWaldram Park Road, Forest Hill, SE232
£1,75008/240.22 miBird in Hand Mews, London, SE232
£1,65008/240.22 miBird In Hand Mews, London, United Kingdom, SE232
£1,80011/240.22 mi-2
£1,80008/240.22 miNewbridge Point, Windrush Lane London SE232
£1,65004/250.23 mi-2
£1,95008/240.23 mi-2
£1,80008/240.23 miComo Road, Forest Hill, London, SE232
£2,20008/240.24 miColfe Road, SE232
£2,25008/240.25 miStanstead Road, London SE232
£2,00008/240.25 miStanstead Road, London SE232
£2,00008/240.25 miStanstead Road London SE232
£1,60008/240.25 miDacres Road, London, SE232
£2,12504/250.25 mi-2
£2,50003/250.26 mi-2
£1,75008/240.26 miDartmouth Place, Forest Hill, London, SE232
£2,20003/250.26 mi-2
£1,60002/240.26 mi-2
£2,00008/240.26 miDacres Road, London, SE232
£1,65009/240.26 miDartmouth Road, Forest Hill, London, SE232
£1,65008/240.26 miLondon Road, London, SE232
£2,20003/250.26 mi-2
£1,50008/240.27 miSunderland Road Forest Hill SE232
£1,85011/230.27 miPerry Vale, London, SE232
£2,25009/240.27 miColfe Road Forest Hill SE232
£1,80009/240.27 mi-2
£1,80008/240.27 miHamlet House, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £400,000

April 27, 2024

Floor Plans

Description

  • Split Level Flat +
  • Chain Free +
  • Two Double Bedrooms +
  • Close to Forest Hill Station +
  • Approx 781sqft. +
  • South-East Facing Balcony +

Offered to the market with no onward chain, this spacious split-level flat is ideally located just a short walk from Forest Hill Town Centre, where you'll find a wide variety of shops and supermarkets, exciting places to eat and drink and Forest Hill Station with frequent London Overground and Nation Rail Services into Central London. Set across the ground and first floors of Hillhurst Court, a private residential block, internally this property boasts a bright and spacious living room, with plenty of space for dining and a separate kitchen. Upstairs, there are two bedrooms, both good-sized doubles with built-in storage and a bathroom. This property also benefits from a south-facing balcony. Tenure: Share of Freehold | Service Charge: £140pm | Ground Rent: N/A

Agent Details

Stanford Estates, Forest Hill

020 3869 5659

Next Steps?

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