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

Elsinore Road, Forest Hill, SE23 2SN - 9 months ago

Leasehold
BTL
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£252K - £818K
Sold Prices/m²£4K/m² - £11K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£456,213
BMV14%

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

£1,470 - £2,800

Rent Estimate

£1,538

Running Costs/mo

£1,578

Cashflow/mo

£-40

Cashflow/yr

£-475

Gross Yield

5%

Local Sold Prices

50 sold prices from £252K to £818K, average is £415K. £4K/m² to £11K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£390K10/210 mi80a, Elsinore Road, London, Greater London SE23 2SN2
£458.8K01/210 mi88, Elsinore Road, London, Greater London SE23 2SN2
£507.5K12/200.05 mi71b, Woolstone Road, London, Greater London SE23 2TQ2
£342K11/200.06 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£495.2K07/230.07 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£475.5K02/230.12 mi39, Como Road, London, Greater London SE23 2JL2
£495K11/200.13 mi14a, Woolstone Road, London, Greater London SE23 2SG2
£420K03/210.18 mi27b, Como Road, London, Greater London SE23 2JL2
£435.8K08/210.2 mi24, Shipman Road, London, Greater London SE23 2DY2
£567.5K06/230.2 mi47, Farren Road, London, Greater London SE23 2DZ2
£375K03/210.21 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£513.9K07/230.22 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£498K04/210.22 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£485K06/210.23 mi61, Hurstbourne Road, London, Greater London SE23 2AA2
£450K03/210.23 mi37b, Siddons Road, London, Greater London SE23 2JH2
£376K05/210.24 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£252K09/210.26 miFlat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ2
£370.2K11/200.28 mi5b, Perry Hill, London, Greater London SE6 4LF2
£485K04/210.29 mi65a, Colfe Road, London, Greater London SE23 2ES2
£478K08/210.29 miGround Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL2
£410K02/210.29 mi62b, Blythe Vale, London, Greater London SE6 4NW2
£534K05/230.3 miUpper Flat, 6, Carholme Road, London, Greater London SE23 2HS2
£445K07/230.3 mi6, Aylward Road, London, Greater London SE23 2JE2
£325K09/210.31 mi4b, Fermor Road, London, Greater London SE23 2HN2
£392.5K09/230.31 mi10c, Rutland Park, London, Greater London SE6 4LH2
£450K12/220.31 mi7a, Rutland Park, London, Greater London SE6 4LH2
£285K06/210.37 mi54, Tugela Street, London, Greater London SE6 4DG2
£375K09/210.37 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£290K11/200.38 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£375K06/210.4 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£595K06/230.41 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£455K09/210.42 mi98, Queenswood Road, London, Greater London SE23 2QS2
£435K11/200.42 mi71, St German's Road, London, Greater London SE23 1RY2
£330K08/230.43 mi29a, Exbury Road, London, Greater London SE6 4NB2
£322.5K06/230.43 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£406K12/200.44 miFirst Floor Flat, 34, Ravensbourne Road, London, Greater London SE6 4UX2
£818K02/230.47 mi49, Mayow Road, London, Greater London SE23 2XH2
£372.5K06/210.47 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£445K06/230.49 mi8, Grove Close, London, Greater London SE23 1AS2
£455K02/230.49 mi62a, Westbourne Drive, London, Greater London SE23 2UN2
£345K03/230.49 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£387.5K12/210.51 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£450K08/230.51 mi16, Firs Close, London, Greater London SE23 1BB2
£532.5K01/230.52 mi73, Montem Road, London, Greater London SE23 1SH2
£398.5K10/210.52 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£385K05/210.53 mi48b, Montem Road, London, Greater London SE23 1SJ2
£289K03/210.53 miFlat 9, Faversham Court, Faversham Road, London, Greater London SE6 4XG2
£370K06/230.53 mi82, Bampton Road, London, Greater London SE23 2AX2
£400K06/230.53 mi84, Bampton Road, London, Greater London SE23 2AX2
£332K12/200.54 miFlat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2

Local Rents

50 rents from £1.5K/mo to £2.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,10004/250.04 mi-2
£2,15008/240.07 miKilmorie Road London SE232
£2,30012/240.08 mi-2
£1,80003/250.12 mi-2
£1,80008/240.14 miWoolstone Road, Forest Hill, London, SE232
£2,80008/240.14 miVancouver Road, SE232
£1,77508/240.14 mi-2
£1,80002/240.14 mi-2
£1,60004/250.14 mi-2
£1,90008/240.15 miElsinore Road, London, SE232
£2,05002/240.16 mi-2
£2,10009/240.16 mi-2
£2,10001/250.16 mi-2
£2,10008/240.16 miElsinore Road, London, SE232
£1,95008/240.16 mi-2
£1,80008/240.17 miComo Road, Forest Hill, London, SE232
£2,10009/240.18 mi-2
£2,20008/240.19 miHouston Road, London, SE232
£1,85008/240.19 miVancouver Road, Forest hill, London, SE232
£1,99508/240.2 mi-2
£1,75011/240.2 mi-2
£1,85008/240.21 miElsinore Road, SE232
£1,99509/240.21 miElsinore Road2
£1,85009/240.21 mi-2
£1,85008/240.21 miHurstbourne Road, London, SE232
£2,00002/250.22 mi-2
£1,80008/240.22 miCharlotte Parade, Shipman Road, London, SE232
£1,85011/230.23 miPerry Vale, London, SE232
£1,60008/240.23 miMarler Road, Forest Hill, London, SE232
£1,80008/240.24 mi-2
£2,20008/240.27 miColfe Road, SE232
£1,75008/240.27 miElsinore Road, London, SE232
£1,47011/240.27 mi-2
£1,85008/240.28 miCarholme Road, London, SE232
£1,75004/250.28 mi-2
£1,65008/240.28 miPerry Hill, London, SE62
£1,60008/240.29 miCranston Road, Forest Hill, SE232
£1,65008/240.3 miNorthwood Road Forest Hill SE232
£1,80008/240.3 mi-2
£2,25008/240.31 miColfe Road, Forest Hill, London, SE232
£2,25009/240.32 miColfe Road Forest Hill SE232
£2,15010/240.32 mi-2
£2,15010/240.32 mi-2
£1,70008/240.32 mi-2
£1,80008/240.32 miBurford Road, London, SE62
£1,80009/240.32 mi-2
£1,85011/240.32 mi-2
£2,15008/240.32 mi-2
£1,50008/240.33 miStanstead Road, London, SE232
£1,62508/240.33 mi-2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 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

July 26, 2024

Floor Plans

Description

  • Ground floor +
  • En-suite +
  • Garden +
  • Leasehold +
  • Two double bedrooms +
  • 670 Sq.ft or 62.2 sqm +
  • EPC Rating D +

GUIDE PRICE £400,000-£425,000. This well presented two bedroom conversion is situated on the ground floor with direct to private garden. Offered to the market chain free.
Additional Information:

Council Tax Band: C
Tenure: Leasehold

Original length of lease: 124 years
Date lease commences: 13/02/1995
Service charge: Approx: £100 per annum
Ground Rent: Approx: £10 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Forest Hill

020 3835 5504

Next Steps?

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