5 Bed Flat, Single Let, London, SE25 6EB, £800,000

High Street, South Norwood, SE25 6EB - 1 views - 8 months ago

BTL

~178 m²

+6 photos

ValuationUndervalued

Sold Prices	£280K - £931K
Sold Prices/m²	£3.5K/m² - £6.3K/m²

Square Metres	~178.28 m²
Price/m²	£4.5K/m²
Value Estimate	£857,115£857,115
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£52,700£52,700
Total Cash In	£252,700£252,700

Cash Out
Rent Range	£1,800 - £5,500£1,800 - £5,500
Rent Estimate	£2,000
Running Costs/mo	£2,920£2,920
Cashflow/mo	£-920£-920
Cashflow/yr	£-11,040£-11,040
Gross Yield	3%3%

Local Sold Prices

16 sold prices from £280K to £931K, average is £474.5K. £3.5K/m² to £6.3K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£377.5K	01/23	0.76 mi	9a, Seymour Terrace, London, Greater London SE20 8SA	-	-	4	Flat
£850K	03/21	1 mi	2, Woodview Mews, London, Greater London SE19 2BN	-	-	4	Flat
£580K	08/23	1.18 mi	34, Waldegrave Road, London, Greater London SE19 2AJ	£3,515	165	4	Flat
£400K	10/20	1.29 mi	8, Ridgemount Close, London, Greater London SE20 8NJ	£4,000	100	4	Flat
£550K	04/21	1.33 mi	108b, Oakfield Road, London, Greater London SE20 8RQ	£5,500	100	4	Flat
£350.5K	11/21	1.78 mi	8a, Alexandra Drive, London, Greater London SE19 1AJ	-	-	4	Flat
£931K	02/24	1.79 mi	68, Crystal Palace Park Road, London, Greater London SE26 6UN	£3,785	246	4	Flat
£280K	08/23	1.93 mi	Flat 12, Shirley Court, London Road, London, Greater London SW16 4XA	-	-	4	Flat
£720K	03/23	2.02 mi	33a, Sydenham Hill, London, Greater London SE26 6SH	£5,496	131	4	Flat
£491.9K	11/21	2.28 mi	Ground Floor Flat, 139, South Croxted Road, London, Greater London SE21 8AX	-	-	4	Flat
£450K	01/23	2.46 mi	38, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£6,338	71	4	Flat
£605K	05/21	2.47 mi	174, Casewick Road, London, Greater London SE27 0SZ	£6,173	98	4	Flat
£350K	12/22	2.48 mi	Flat C, 17, Rosendale Road, West Dulwich, London, Greater London SE21 8DS	-	-	4	Flat
£410K	11/23	2.56 mi	6, Otto Close, Sydenham, London, Greater London SE26 4NA	-	-	4	Flat
£457K	03/21	2.8 mi	3, Noel Terrace, London, Greater London SE23 3JJ	£4,193	109	4	Flat
£615K	08/21	2.93 mi	81b, London Road, London, Greater London SE23 3UZ	£4,659	132	4	Flat

Local Rents

50 rents from £1.8K/mo to £5.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	02/25	0.08 mi	-	3	Flat
£1,895	03/25	0.11 mi	-	3	Flat
£2,200	03/25	0.16 mi	-	3	Flat
£2,695	01/25	0.17 mi	-	4	Terraced House
£2,000	08/24	0.19 mi	Coventry Road, South Norwood, SE25	4	Terraced House
£2,750	09/24	0.19 mi	-	3	Semi-Detached House
£2,260	01/25	0.19 mi	-	3	Semi-Detached House
£2,400	08/24	0.2 mi	Oliver Avenue, South Norwood, London, SE25	3	Detached House
£2,400	08/24	0.2 mi	-	3	Flat
£1,950	03/25	0.22 mi	-	3	Flat
£2,050	11/24	0.23 mi	-	3	Terraced House
£2,400	08/24	0.23 mi	Sunny Bank, London, SE25	3	Terraced House
£2,400	08/24	0.23 mi	Oliver Avenue, London, SE25	3	Flat
£3,497	08/24	0.23 mi	Crowther Rd, Norwood Junction	5	Detached House
£2,200	08/24	0.24 mi	Addison Road, London	3	Terraced House
£2,300	08/24	0.25 mi	Albert Road, SE25	3	Terraced House
£2,800	08/24	0.26 mi	Burgoyne Road, London, SE25	4	Semi-Detached House
£5,500	08/24	0.27 mi	Southern Avenue, London, SE25	7	Detached House
£2,400	09/24	0.28 mi	-	4	Terraced House
£2,500	11/24	0.29 mi	-	3	Detached House
£2,400	08/24	0.3 mi	Portland Road, London	3	Flat
£2,400	08/24	0.3 mi	Portland Road, London	3	Flat
£2,100	08/24	0.3 mi	Lancaster Road, London, Greater London, SE25	3	Detached House
£2,695	08/24	0.3 mi	Phyllis Pearse Mews, London, SE25	4	Flat
£2,100	08/24	0.3 mi	-	3	Terraced House
£1,900	08/24	0.3 mi	Cresswell Road, London	3	Terraced House
£2,000	08/24	0.33 mi	-	3	Terraced House
£2,000	08/24	0.33 mi	Sidney Road, London, SE25	3	Terraced House
£1,800	08/24	0.33 mi	Penge Road, London, SE25	4	Flat
£4,000	01/25	0.33 mi	-	5	Terraced House
£4,000	02/25	0.33 mi	-	5	Terraced House
£2,250	08/24	0.34 mi	Birchanger Road, South Norwood	3	Flat
£2,050	08/24	0.34 mi	Upper Grove, South Norwood, SE25	3	Flat
£2,200	08/24	0.35 mi	Court Road, London, SE25	3	Flat
£2,700	08/24	0.35 mi	Court Road, South Norwood, London, SE25	4	House
£4,000	08/24	0.35 mi	Upper Grove, South Norwood, London, SE25	5	Detached House
£2,000	01/25	0.36 mi	-	3	Semi-Detached House
£2,200	08/24	0.38 mi	Percy Road London SE25	3	Flat
£2,300	09/24	0.38 mi	-	3	Terraced House
£2,200	01/25	0.38 mi	-	3	Terraced House
£2,200	08/24	0.39 mi	-	3	Semi-Detached House
£2,100	08/24	0.39 mi	Sidney Road, London, SE25	3	Detached House
£2,300	08/24	0.4 mi	Holmesdale Road, London	3	Terraced House
£2,750	08/24	0.41 mi	-	3	Flat
£2,300	02/24	0.42 mi	-	3	Semi-Detached House
£2,100	11/23	0.42 mi	Tennison Road, London, SE25	3	Terraced House
£2,000	08/24	0.42 mi	Warminster Road, South Norwood, London, SE25	3	Flat
£2,750	08/24	0.43 mi	-	4	Semi-Detached House
£2,750	03/25	0.43 mi	-	4	Semi-Detached House
£2,000	12/24	0.44 mi	Davidson Road, Croydon, CR0	3	Flat

Local Area Statistics

Population in SE25	34,49534,495
Population in London	4,771,9214,771,921
Town centre distance	9.01 miles away9.01 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £800,000

July 22, 2024

Floor Plans

Description

2,490 sq. ft. of living space +
Five double bedrooms +
Two kitchens +
Two bathrooms +
Development potential +
EPC rating: TBC +

Oaks Estate Agents are delighted to present a unique opportunity to acquire a reputable business with loyal customer base in the heart of South Norwood.

Offered to the market chain free, the building benefits from 2,490 sq. ft. of space and development opportunity.

This well-established laundrette has been in operation for in excess of 20 years and further benefits from five bedrooms, two kitchens, two bathrooms, three w/c’s and a basement with potential planning for a one bedroom flat (STPP).

The existing owner has informed us that all machines within the Laundrette have been renewed within the past four years and are therefore expected to last at least another decade.

The High Street has heavy footfall and already benefits from both independently owned and large businesses including the effervescent Shelverdine Goathouse, The Craft Beer Cabin and Mamma Dough.

Norwood Junction provides exceptional access into The City and is situated within Zone 4.

Agent Details

Oaks Estate Agents, South Norwood

020 3907 9733

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Auction

2 Bed Flat, Single Let, London, SE25 6EB

£145,000

3 views • 4 years ago • 68 m²

2 Bed Flat, Single Let, London, SE25 6BF

£300,000

18 days ago • 68 m²

2 Bed Flat, Single Let, London, SE25 6BF

£265,000

a month ago • 68 m²

Auction

2 Bed Flat, Single Let, London, SE25 6EP

£250,000

2 months ago • 68 m²

5 Bed Flat, Single Let, London, SE25 6EB, £800,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed Flat, Single Let, London, SE25 6EB

2 Bed Flat, Single Let, London, SE25 6BF

2 Bed Flat, Single Let, London, SE25 6BF

2 Bed Flat, Single Let, London, SE25 6EP

Cashflows

Local Sold Prices

Local Rents