2 Bed Flat, Single Let, London, SE23 3RA, £350,000

Honor Oak Rise, Forest Hill, London, SE23 3RA - 4 views - 10 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£250K - £600K
Sold Prices/m²£4.9K/m² - £9.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£420,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,350 - £3,300

Rent Estimate

£1,688

Running Costs/mo

£1,451

Cashflow/mo

£237

Cashflow/yr

£2,840

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £250K to £600K, average is £450K. £4.9K/m² to £9.1K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£390K03/230.08 mi20, Honor Oak Rise, London, Greater London SE23 3RA2
£405K03/210.19 mi53, Greystead Road, London, Greater London SE23 3SD2
£492K06/210.19 miGreenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB2
£600K12/200.2 mi35b, Marmora Road, London, Greater London SE22 0RX2
£600K09/210.2 mi29b, Marmora Road, London, Greater London SE22 0RX2
£600K03/210.21 mi23b, Marmora Road, London, Greater London SE22 0RX2
£556K12/200.22 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£410K06/210.27 mi34, Therapia Road, London, Greater London SE22 0SE2
£435K12/200.29 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£464K11/200.31 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£373.3K07/230.32 mi172, Grierson Road, London, Greater London SE23 1NU2
£407.5K06/210.32 miFlat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£386.5K11/200.32 miFlat 45, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£430K02/210.32 miFlat 50, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£440K03/210.32 miFlat 25, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£340K07/230.32 mi184, Wood Vale, London, Greater London SE23 3EA2
£490K03/230.34 mi114a, Forest Hill Road, London, Greater London SE22 0RS2
£540K05/230.34 mi84b, Forest Hill Road, London, Greater London SE22 0RS2
£355K11/200.36 mi38, Athenlay Road, London, Greater London SE15 3EL2
£321.5K08/210.39 mi75, Brenchley Gardens, London, Greater London SE23 3RE2
£350K07/230.39 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£320K05/210.4 mi85, Brenchley Gardens, London, Greater London SE23 3RE2
£321.5K08/210.4 mi75, Brenchley Gardens, London, Greater London SE23 3RE2
£450K06/230.41 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£440K01/230.41 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£485K02/230.43 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£320K11/200.43 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£440K05/230.43 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£507.8K12/200.43 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£540K02/230.45 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£330K01/210.47 mi129, Brenchley Gardens, London, Greater London SE23 3RF2
£345K01/230.47 mi139, Brenchley Gardens, London, Greater London SE23 3RF2
£510K12/200.47 mi22, Fernholme Road, London, Greater London SE15 3EF2
£580K06/230.47 mi52, Forest Hill Road, London, Greater London SE22 0RR2
£535K06/210.48 mi312a, Ivydale Road, London, Greater London SE15 3DG2
£350K12/200.48 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£500K07/230.48 miFirst Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN2
£500K07/230.48 miFirst Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN2
£430K11/210.49 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£500K04/230.49 mi59, Surrey Road, London, Greater London SE15 3AS2
£536.5K06/230.49 mi23, Surrey Road, London, Greater London SE15 3AS2
£495K01/210.51 mi17, Hillcourt Road, London, Greater London SE22 0PF2
£585K07/210.52 mi6, Overhill Road, London, Greater London SE22 0PH2
£315K09/210.52 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£250K06/210.53 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£312.5K04/230.54 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£450K08/230.55 mi16, Firs Close, London, Greater London SE23 1BB2
£530K04/230.55 mi18a, Surrey Road, London, Greater London SE15 3AU2
£495K05/210.56 mi26, Stondon Park, London, Greater London SE23 1LA2
£508K02/230.56 mi30a, Stondon Park, Forest Hill, London, Greater London SE23 1LA2
£455K11/200.56 mi45a, Stondon Park, London, Greater London SE23 1LB2

Local Rents

49 rents from £1.4K/mo to £3.3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,05010/240.05 mi-2
£2,00008/240.11 miHonor Oak Rise, Honor Oak Park, London, SE232
£2,27511/240.11 mi-2
£2,45010/240.11 mi-2
£1,75008/240.16 mi-2
£2,30008/240.16 miMarmora Road East Dulwich SE222
£1,75008/240.21 miNetherby Road 2
£2,40001/250.23 mi-2
£2,27002/250.23 mi-2
£2,20008/240.24 miChurchwood Gardens, Honor Oak2
£1,80009/240.25 mi-2
£1,80009/240.25 miCanonbie Road 2
£2,20008/240.25 miChurchwood Gardens, Forest Hill, London, SE232
£1,95008/240.25 miChurchwood Gardens, Forest Hill, London, SE232
£1,70008/240.26 miBrenchley Gardens, Nunhead2
£1,90008/240.26 miCanonbie Road Forest Hill SE232
£1,95008/240.26 miDevonshire Rd, Honor Oak, London, SE232
£2,50008/240.27 mi-2
£3,30003/250.27 mi-2
£2,90003/250.27 mi-2
£2,20008/240.27 miChurchwood Gardens, Forest Hill2
£2,50008/240.28 miWoodvale Road, Forest Hill, SE232
£2,20008/240.28 miChurchwood Gardens, Forest Hill2
£2,50009/240.28 mi-2
£2,25003/250.28 mi-2
£2,30001/250.28 mi-2
£2,25003/250.28 mi-2
£1,70003/250.28 mi-2
£2,25008/240.28 miChurchwood Gardens, Forest Hill2
£1,75012/240.28 mi-2
£2,20008/240.28 miHonor Oak Road, Honor Oak2
£1,90011/240.29 mi-2
£1,65003/250.29 mi-2
£1,80008/240.29 miThe Manor, Manor Way, London2
£1,75008/240.3 miLynfield Court, Devonshire Road, Forest Hill, SE232
£1,98508/240.3 mi-2
£1,98508/240.3 miMundania Court, London, SE222
£1,95008/240.31 miChurchwood Gardens, Honor Oak2
£1,65008/240.32 miDevonshire Road, London, SE232
£2,25008/240.32 miForest Hill Road, Dulwich, London, SE222
£1,74608/240.32 miManor Way, Forest Hill, SE232
£1,82508/240.32 miCanonbie Road London SE232
£2,60010/240.33 mi-2
£2,00009/240.38 mi-2
£2,60008/240.4 miWood Vale London SE232
£1,85008/240.41 miDevonshire Road, London, SE232
£2,10008/240.41 miDevonshire Road, Forest Hill, SE232
£1,35008/240.41 miBrenchley Gardens, London, SE232
£1,85008/240.42 miDevonshire Road, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

5.84 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £350,000

September 26, 2024

Listed for £375,000

May 24, 2024

Floor Plans

Description

    • Fifth Floor +
    • Great Views +
    • Needs some updating +
    • Two Bedrooms +
    • Great Location +

| Purpose Built Design | Circa 711sqft | Fifth Floor |

Unveiled to the SE23 market is this superb-value for money two bedroom apartment situated within this purpose built building, situated on the cusp of Forest Hill, Peckham, and Brockley!

- Two Bedrooms
- Purpose Built
- Close To Station
- Leasehold 91 years
- Modern
- Communal Garden
- Council Tax Band B
- EPC Rating E

Agent Details

Acorn, Forest Hill

020 8106 0621

Next Steps?

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