2 Bed Flat, Single Let, London, SE15 5UN, £400,000

Kincaid Road, Peckham, London, SE15 5UN - 10 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£226K - £780K
Sold Prices/m²	£3.6K/m² - £14.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£441,453£441,453
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,600 - £3,200£1,600 - £3,200
Rent Estimate	£1,675
Running Costs/mo	£1,605£1,605
Cashflow/mo	£70£70
Cashflow/yr	£840£840
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £226K to £780K, average is £415K. £3.6K/m² to £14.8K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£377.5K	01/21	0.01 mi	First Floor Flat B, 4, Kincaid Road, London, Greater London SE15 5UN	-	-	2	Flat
£533.5K	05/21	0.08 mi	5a, Nutcroft Road, London, Greater London SE15 1AG	£13,338	40	2	Flat
£528.5K	04/21	0.11 mi	47a, Naylor Road, London, Greater London SE15 1QJ	£10,545	50	2	Flat
£365K	06/23	0.11 mi	89, Naylor Road, London, Greater London SE15 1QJ	£5,917	62	2	Flat
£425K	01/21	0.13 mi	22, Meeting House Lane, London, Greater London SE15 2UN	£6,703	63	2	Flat
£335K	12/20	0.14 mi	14b, Marmont Road, London, Greater London SE15 5TE	£7,614	44	2	Flat
£445K	03/23	0.18 mi	69a, Friary Road, Peckham, London, Greater London SE15 1QS	£7,177	62	2	Flat
£400K	06/23	0.18 mi	32, Wentworth Crescent, London, Greater London SE15 5UG	£5,052	79	2	Flat
£340K	06/23	0.23 mi	Flat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA	£7,907	43	2	Flat
£365K	03/21	0.26 mi	33, Blanch Close, London, Greater London SE15 2LD	£5,098	72	2	Flat
£360K	06/21	0.27 mi	97, Bath Close, London, Greater London SE15 2JT	£5,000	72	2	Flat
£478.9K	06/23	0.27 mi	31, Clifton Crescent, London, Greater London SE15 2RX	£6,841	70	2	Flat
£430.5K	03/21	0.27 mi	22, Clifton Crescent, London, Greater London SE15 2RX	£7,422	58	2	Flat
£448K	07/23	0.27 mi	Flat 34, Wakefield House, Goldsmith Road, London, Greater London SE15 5ST	-	-	2	Flat
£402K	03/23	0.28 mi	47, Laburnum Close, London, Greater London SE15 2LJ	-	-	2	Flat
£558.5K	12/21	0.29 mi	100c, Peckham Hill Street, London, Greater London SE15 5JT	£7,253	77	2	Flat
£340K	10/21	0.41 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£226K	12/20	0.42 mi	Flat 3, Ednam House, Friary Estate, London, Greater London SE15 6SE	-	-	2	Flat
£240K	02/21	0.44 mi	69, Haymerle Road, London, Greater London SE15 6SQ	£3,556	68	2	Flat
£340K	12/20	0.44 mi	Flat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY	-	-	2	Flat
£325K	12/21	0.47 mi	66, Latona Road, London, Greater London SE15 6RY	£4,643	70	2	Flat
£645K	02/21	0.48 mi	133a, Kirkwood Road, London, Greater London SE15 2BG	-	-	2	Flat
£535K	07/23	0.5 mi	30, Kender Street, London, Greater London SE14 5JG	£6,524	82	2	Flat
£347K	05/21	0.5 mi	105, Pennack Road, London, Greater London SE15 6DE	£4,566	76	2	Flat
£780K	05/23	0.51 mi	Flat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£750K	02/21	0.51 mi	Flat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£437.5K	01/23	0.52 mi	47, Kelly Avenue, London, Greater London SE15 5LB	-	-	2	Flat
£312.5K	06/21	0.52 mi	Flat 2, Hammond House, Lubbock Street, London, Greater London SE14 5HY	-	-	2	Flat
£335K	05/21	0.53 mi	Flat 25, Palm Court, Garnies Close, London, Greater London SE15 6PB	-	-	2	Flat
£332K	04/23	0.54 mi	102, Water Lane, London, Greater London SE14 5DN	£6,036	55	2	Flat
£477.5K	12/20	0.55 mi	117b, Brayards Road, London, Greater London SE15 2BX	£6,201	77	2	Flat
£300K	08/21	0.56 mi	Flat 3, Glastonbury Court, Farrow Lane, London, Greater London SE14 5EA	-	-	2	Flat
£355K	04/23	0.58 mi	20, Garnies Close, London, Greater London SE15 6HW	£5,462	65	2	Flat
£420K	04/21	0.61 mi	Flat 4, Shannon Court, Garnies Close, London, Greater London SE15 6LJ	-	-	2	Flat
£395K	02/23	0.61 mi	29a, St Marys Road, London, Greater London SE15 2EA	-	-	2	Flat
£345K	03/23	0.62 mi	Flat 9, Tern House, Pelican Estate, London, Greater London SE15 5NL	-	-	2	Flat
£607.5K	03/21	0.62 mi	14a, Wroxton Road, London, Greater London SE15 2BN	£14,817	41	2	Flat
£470K	09/21	0.65 mi	108a, New Cross Road, London, Greater London SE14 5BA	-	-	2	Flat
£615K	07/21	0.65 mi	76b, Lausanne Road, London, Greater London SE15 2JB	£6,406	96	2	Flat
£455K	10/20	0.68 mi	Garden Flat, 18b, Waller Road, London, Greater London SE14 5LA	-	-	2	Flat
£450K	04/23	0.68 mi	48a, Waller Road, New Cross, London, Greater London SE14 5LA	-	-	2	Flat
£387.5K	06/21	0.69 mi	9, Evelina Road, London, Greater London SE15 2DX	£5,308	73	2	Flat
£430K	07/23	0.69 mi	15, Evelina Road, London, Greater London SE15 2DX	£5,733	75	2	Flat
£410K	08/21	0.69 mi	Flat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN	-	-	2	Flat
£470K	06/21	0.72 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£426K	10/21	0.72 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£780K	11/21	0.73 mi	57a, Choumert Road, London, Greater London SE15 4AR	-	-	2	Flat
£705K	07/23	0.73 mi	41b, Bushey Hill Road, London, Greater London SE5 8QF	£8,494	83	2	Flat
£337.5K	10/20	0.75 mi	Flat 8, Cedar House, Erlanger Road, London, Greater London SE14 5TB	-	-	2	Flat
£338K	03/23	0.75 mi	Flat 21, Mawbey House, Old Kent Road, London, Greater London SE1 5PG	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £3.2K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	09/24	0.04 mi	-	2	Flat
£1,800	09/24	0.05 mi	-	2	Flat
£1,950	08/24	0.08 mi	Nutcroft Road, Peckham, SE15	2	Flat
£2,150	08/24	0.08 mi	-	2	Flat
£2,150	08/24	0.08 mi	Havelock Court, London, SE15	2	Flat
£1,991	08/24	0.08 mi	-	2	Flat
£2,112	02/25	0.08 mi	-	2	Flat
£2,000	02/25	0.09 mi	-	2	Flat
£1,850	08/24	0.1 mi	-	2	Flat
£1,900	03/25	0.1 mi	-	2	Flat
£1,850	08/24	0.1 mi	Holme House, London, SE15	2	Flat
£2,150	08/24	0.12 mi	Friary Road	2	Flat
£1,950	08/24	0.13 mi	Montpelier Road Peckham SE15	2	Flat
£2,350	02/25	0.14 mi	-	2	Flat
£1,750	08/24	0.14 mi	Marmont Road London SE15	2	Flat
£2,000	08/24	0.14 mi	Naylor Road London SE15	2	House
£2,100	11/24	0.14 mi	-	2	Terraced House
£2,000	01/25	0.14 mi	-	2	Flat
£3,200	02/25	0.14 mi	-	2	Flat
£2,150	09/24	0.14 mi	-	2	Flat
£2,150	10/24	0.14 mi	-	2	Flat
£2,795	02/25	0.15 mi	-	2	Terraced House
£2,500	01/25	0.16 mi	-	2	Flat
£1,800	08/24	0.16 mi	Furley Road London SE15	2	Flat
£2,050	08/24	0.17 mi	-	2	Terraced House
£2,500	08/24	0.17 mi	-	2	Flat
£2,400	08/24	0.18 mi	Queens Road, Peckham, SE15	2	Flat
£2,400	08/24	0.19 mi	Montpelier Road London SE15	2	Flat
£1,900	03/25	0.22 mi	-	2	Flat
£1,800	08/24	0.23 mi	Marmont Road, Peckham	2	Flat
£1,950	02/24	0.23 mi	-	2	Flat
£1,900	08/24	0.23 mi	Bird In Bush Road, Peckham SE15	2	Flat
£2,100	08/24	0.23 mi	Queens Road Peckham SE15	2	Flat
£1,850	08/24	0.23 mi	Queens Road Peckham SE15	2	Flat
£1,850	08/24	0.23 mi	Queens Road Peckham SE15	2	Flat
£2,400	08/24	0.24 mi	-	2	Flat
£2,400	08/24	0.24 mi	Grenier Apartments, London, SE15	2	Flat
£2,200	12/24	0.25 mi	-	2	Flat
£2,300	08/24	0.25 mi	Gervase Street, Peckham, London, SE15	2	Flat
£2,400	08/24	0.25 mi	-	2	Flat
£2,500	09/24	0.25 mi	-	2	Flat
£2,400	08/24	0.25 mi	Grenier Apartments, London, SE15	2	Flat
£2,600	08/24	0.25 mi	Grenier Apartments, London, SE15	2	Flat
£2,500	08/24	0.25 mi	Grenier Apartments, London, SE15	2	Flat
£1,700	08/24	0.26 mi	Peckham High Street, London	2	Flat
£2,400	08/24	0.26 mi	-	2	Flat
£1,850	08/24	0.27 mi	Mission Place, London	2	Flat
£1,875	04/25	0.27 mi	-	2	Flat
£2,700	08/24	0.28 mi	Woods Road, Peckham, London, SE15	2	Flat
£2,500	10/24	0.29 mi	-	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	3.98 miles away3.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Price changed to £400,000

January 3, 2025

Listed for £425,000

June 4, 2024

Floor Plans

Description

Two Double Bedrooms +
Close To Transport +
Private Garden +
Victorian Conversion +
Chain Free +
Leasehold (109 Years Remaining) +
Quiet Residential Street +
Scope To Extend (STTP) +
Energy Efficiency Rating +

Guide Price £400,000 to £425,000

Bright & spacious two double bedroom ground floor Victorian conversion with a private garden on a quiet residential street, occupying a central location in the heart of Peckham.

Measuring over 500sqft of living accommodation this property comprises; a large front reception room with a bay window, a well presented separate kitchen, two double bedroom and a neutral three piece bathroom. This property has a private 16ft west facing garden and offers further scope to extend (STTP).

Situated just a short walk from Queens Road (0.4mi), Peckham Rye (0.5mi), Nunhead (0.8mi) and South Bermondsey (0.9mi) stations which all boast fast & frequent rail services. Also within easy reach of local high streets offering an array of independent shops, bars and restaurants such as; Peckham High Street (0.2mi), Queens Road (0.3mi) and Bellenden Village (0.5mi).

Lease Length: 105 Years
Service Charge: £700 pa
Ground Rent: £800 pa
Council Tax Band: B
Energy Efficiency Rating: D

Agent Details

Acorn, Peckham Rye

020 7123 8480

Next Steps?

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

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