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

Horniman Drive, Forest Hill, SE23 3BS - 3 views - 8 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£250K - £643K
Sold Prices/m²£1.7K/m² - £8.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£434,537
BMV24%

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

£1,500 - £2,250

Rent Estimate

£1,550

Running Costs/mo

£1,424

Cashflow/mo

£126

Cashflow/yr

£1,515

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £643K, average is £399.3K. £1.7K/m² to £8.8K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£315K09/210 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£320K11/200.1 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£485K02/230.16 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£400K12/200.17 mi76c, Honor Oak Road, London, Greater London SE23 3RR2
£350K12/200.17 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£620K04/210.26 mi107a, Wood Vale, London, Greater London SE23 3DT2
£624K03/210.28 mi43a, Melford Road, London, Greater London SE22 0AQ2
£539K12/200.29 miFlat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP2
£250K06/210.29 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£427.5K08/210.29 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£312.5K04/230.29 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£350K07/230.31 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£365K03/210.33 mi85, Eliot Bank, London, Greater London SE23 3XD2
£425K11/200.33 mi559d, Lordship Lane, London, Greater London SE22 8LB2
£405K03/210.33 mi53, Greystead Road, London, Greater London SE23 3SD2
£340K07/230.35 mi184, Wood Vale, London, Greater London SE23 3EA2
£337K07/210.35 miFlat 9, Sherwood Court, Highwood Close, London, Greater London SE22 8NL2
£325K06/210.37 miFlat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP2
£556K12/200.38 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£335K12/200.38 miFlat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN2
£464K11/200.39 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£465K12/200.39 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£375K02/210.39 miFlat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN2
£293K06/210.39 miFlat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN2
£460K10/200.39 miFlat 14, Ashdown Court, Highwood Close, London, Greater London SE22 8NP2
£632.5K12/200.4 mi73a, Overhill Road, London, Greater London SE22 0PQ2
£375K05/210.4 miFlat 30, Bromleigh Court, Sydenham Hill, London, Greater London SE23 3PW2
£395K12/200.41 miFlat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH2
£473K08/230.41 miFlat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ2
£398.5K10/210.42 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£387.5K12/210.42 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£355K01/210.44 miFlat 34, Cityview Court, Overhill Road, London, Greater London SE22 0PZ2
£500K01/230.44 miFlat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH2
£372.5K06/210.45 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£585K07/210.46 mi6, Overhill Road, London, Greater London SE22 0PH2
£335K04/230.47 mi14, Church Vale, London, Greater London SE23 2UW2
£435K12/200.48 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£322.5K06/230.5 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£495K01/210.5 mi17, Hillcourt Road, London, Greater London SE22 0PF2
£315K02/210.5 miFlat 14, Glennie Court, Lordship Lane, London, Greater London SE22 8NY2
£265K03/210.52 miFlat 52, Campbell Court, Lordship Lane, London, Greater London SE22 8NX2
£390K03/230.52 mi20, Honor Oak Rise, London, Greater London SE23 3RA2
£595K06/230.53 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£600K03/210.54 mi23b, Marmora Road, London, Greater London SE22 0RX2
£600K12/200.54 mi35b, Marmora Road, London, Greater London SE22 0RX2
£600K09/210.54 mi29b, Marmora Road, London, Greater London SE22 0RX2
£540K09/210.54 mi108, Goodrich Road, London, Greater London SE22 0ER2
£290K11/200.55 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£545K01/210.55 mi156b, Dunstans Road, London, Greater London SE22 0ES2
£643K03/210.55 mi176b, Dunstans Road, London, Greater London SE22 0ES2

Local Rents

48 rents from £1.5K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.02 miHorniman Drive, Forest Hill, London, SE232
£2,20008/240.15 miManor Mount, Forest Hill, London, SE232
£1,70008/240.16 miHonor Oak Road, Forest Hill, London, SE232
£2,20002/250.16 mi-2
£1,95008/240.17 mi-2
£1,95008/240.17 miManor Mount, London, SE232
£1,65002/240.17 mi-2
£1,75002/250.17 mi-2
£1,95008/240.17 miHonor Oak Road London SE232
£1,80009/240.17 mi-2
£1,95008/240.19 miManor Mount, London, SE232
£1,75008/240.2 miManor Mount, London, SE232
£1,82510/240.2 mi-2
£1,95009/240.2 mi-2
£1,95009/240.2 mi-2
£1,74608/240.2 miManor Way, Forest Hill, SE232
£1,82508/240.21 miCanonbie Road London SE232
£1,80008/240.24 miThe Manor, Manor Way, London2
£1,80009/240.24 mi-2
£1,90011/240.24 mi-2
£2,10008/240.25 miWood Vale London SE232
£1,95008/240.25 mi59 Wood Vale, London, SE232
£1,65010/240.26 mi-2
£2,10008/240.26 miWood Vale Dulwich SE232
£2,10008/240.26 miWood Vale London SE232
£2,20008/240.26 miHonor Oak Road, Honor Oak2
£1,50008/240.27 mi-2
£1,65008/240.27 miDevonshire Road, Forest Hill, London, SE232
£1,60008/240.27 miDevonshire Road, Forest Hill, SE232
£1,95008/240.27 miWood Vale, Forest Hill, London, SE232
£1,95012/240.28 mi-2
£1,98003/250.28 mi-2
£1,85008/240.28 miDevonshire Road, London, SE232
£2,10008/240.29 miDevonshire Road, Forest Hill, SE232
£1,95008/240.29 miChurchwood Gardens, Honor Oak2
£2,25008/240.29 miChurchwood Gardens, Forest Hill2
£1,98011/240.29 mi-2
£2,20008/240.29 miChurchwood Gardens, Forest Hill2
£1,55008/240.29 miDevonshire Road, London, SE232
£1,55009/240.29 mi-2
£1,70003/250.29 mi-2
£2,20008/240.29 miChurchwood Gardens, Forest Hill2
£1,89508/240.29 miLondon Road, London, SE232
£1,79508/240.29 miLondon Road, London, SE232
£1,85008/240.3 miDevonshire Road, London, SE232
£1,65008/240.3 miTaymount Rise, Forest Hill, London, SE232
£1,95008/240.31 miChurchwood Gardens, Forest Hill, London, SE232
£2,20008/240.31 miChurchwood Gardens, Forest Hill, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.17 miles away

Nearest school

0.50 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £350,000

August 15, 2024

Floor Plans

Description

  • Two double bedrooms +
  • Chain free +
  • Shared parking +
  • Private garage +
  • Communal gardens +
  • Great location +
  • 621 sqr ft. +
  • EPC C +

£350,000 - £375,000. A well-presented first floor 2 bedroom purpose built flat located in a sought after area near the popular Horniman Gardens and in easy reach of transport and shops.

Additional Information

Council Tax Band: C
Tenure: Leasehold

Original length of lease: 999 years
Date lease commences: 29/09/1981
Service charge: Approx: £2417.22 per annum
Ground Rent: Approx: £0 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?

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