4 Bed Flat, Single Let, London, SE26 4RE, £500,000

Dartmouth Road, Sydenham, SE26 4RE - 8 months ago

Leasehold

BTL

~129 m²

ValuationUndervalued

Sold Prices	£343K - £931K
Sold Prices/m²	£3.5K/m² - £9.1K/m²

Square Metres	~129.26 m²
Price/m²	£3.9K/m²
Value Estimate	£625,000£625,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£163,700£163,700

Cash Out
Rent Range	£1,600 - £4,500£1,600 - £4,500
Rent Estimate	£1,838
Running Costs/mo	£1,950£1,950
Cashflow/mo	£-112£-112
Cashflow/yr	£-1,345£-1,345
Gross Yield	4%4%

Local Sold Prices

20 sold prices from £343K to £931K, average is £533.8K. £3.5K/m² to £9.1K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£410K	11/23	0.24 mi	6, Otto Close, Sydenham, London, Greater London SE26 4NA	-	-	4	Flat
£457K	03/21	0.26 mi	3, Noel Terrace, London, Greater London SE23 3JJ	£4,193	109	4	Flat
£615K	08/21	0.37 mi	81b, London Road, London, Greater London SE23 3UZ	£4,659	132	4	Flat
£450K	01/23	0.69 mi	38, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£6,338	71	4	Flat
£800K	04/21	0.69 mi	9b, Underhill Road, London, Greater London SE22 0BT	£6,154	130	4	Flat
£931K	02/24	0.79 mi	68, Crystal Palace Park Road, London, Greater London SE26 6UN	£3,785	246	4	Flat
£720K	03/23	0.86 mi	33a, Sydenham Hill, London, Greater London SE26 6SH	£5,496	131	4	Flat
£400K	10/20	1.3 mi	8, Ridgemount Close, London, Greater London SE20 8NJ	£4,000	100	4	Flat
£550K	04/21	1.32 mi	108b, Oakfield Road, London, Greater London SE20 8RQ	£5,500	100	4	Flat
£525K	11/20	1.35 mi	Garden Flat, 268, Crystal Palace Road, London, Greater London SE22 9JH	-	-	4	Flat
£491.9K	11/21	1.36 mi	Ground Floor Flat, 139, South Croxted Road, London, Greater London SE21 8AX	-	-	4	Flat
£350.5K	11/21	1.4 mi	8a, Alexandra Drive, London, Greater London SE19 1AJ	-	-	4	Flat
£580K	08/23	1.47 mi	34, Waldegrave Road, London, Greater London SE19 2AJ	£3,515	165	4	Flat
£350K	12/22	1.5 mi	Flat C, 17, Rosendale Road, West Dulwich, London, Greater London SE21 8DS	-	-	4	Flat
£730K	03/21	1.79 mi	12, Dalkeith Road, London, Greater London SE21 8LS	£6,518	112	4	Flat
£750K	04/21	1.83 mi	52, Turney Road, London, Greater London SE21 8LU	£9,146	82	4	Flat
£377.5K	01/23	1.84 mi	9a, Seymour Terrace, London, Greater London SE20 8SA	-	-	4	Flat
£542.5K	01/23	1.84 mi	9a, Thorncombe Road, London, Greater London SE22 8PX	-	-	4	Flat
£850K	03/21	1.91 mi	2, Woodview Mews, London, Greater London SE19 2BN	-	-	4	Flat
£343K	12/20	1.91 mi	Flat 1, Flatford House, Bromley Road, Catford, London, Greater London SE6 2TG	-	-	4	Flat

Local Rents

49 rents from £1.6K/mo to £4.5K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	02/24	0.09 mi	-	3	House
£3,400	08/24	0.13 mi	Cheseman Street, London, SE26	3	Detached House
£3,400	08/24	0.13 mi	Cheseman Street London SE26	3	Flat
£1,800	08/24	0.15 mi	Moore House, Willow Way, Sydenham, SE26	3	Flat
£2,495	08/24	0.18 mi	Kirkdale, Sydenham, London, SE26	4	Flat
£2,300	08/24	0.19 mi	Mount Ash Road, Sydenham, SE26	3	Flat
£2,500	12/24	0.22 mi	-	3	Flat
£2,800	08/24	0.23 mi	Taymount Rise, Forest Hill, London, SE23	3	Flat
£2,300	08/24	0.24 mi	Kirkdale London SE26	4	Flat
£2,700	08/24	0.24 mi	Forestholme Close, Forest Hill, London, SE23	4	House
£2,500	08/24	0.25 mi	Sydenham Park, London, SE26	3	Flat
£2,700	08/24	0.25 mi	Sydenham Park, London, SE26	3	Flat
£2,200	04/25	0.25 mi	-	3	Flat
£2,500	08/24	0.26 mi	Forestholme Close, Forest Hill, SE23	4	House
£2,500	09/24	0.26 mi	Forestholme Close, Forest Hill, SE23	4	House
£3,000	08/24	0.26 mi	Noel Terrace, London, SE23	4	Flat
£2,300	08/24	0.27 mi	Kirkdale, Sydenham, SE26	4	Flat
£2,750	08/24	0.27 mi	-	4	Flat
£2,500	08/24	0.27 mi	-	4	Flat
£2,100	08/24	0.27 mi	Taymount Rise, London, SE23	3	Flat
£2,750	09/24	0.28 mi	-	3	Terraced House
£2,850	04/25	0.28 mi	-	3	Terraced House
£2,750	08/24	0.28 mi	Hennel Close, London, SE23	3	Terraced House
£2,395	08/24	0.28 mi	Grizedale Terrace, London, SE23	3	Terraced House
£2,750	08/24	0.29 mi	Dacres Road, Forest Hill, London, SE23	3	Flat
£2,250	08/24	0.3 mi	Century Yard, Forest Hill, SE23	3	Terraced House
£2,950	08/24	0.32 mi	-	3	Flat
£1,600	08/24	0.32 mi	Perry Vale, Forest Hill, SE23	3	Flat
£3,150	09/24	0.32 mi	-	3	Semi-Detached House
£3,850	04/25	0.32 mi	-	3	Semi-Detached House
£3,000	08/24	0.32 mi	Sydenham Park Road, London, SE26	3	Semi-Detached House
£2,500	08/24	0.38 mi	-	3	Terraced House
£2,000	08/24	0.38 mi	Attleborough Court, Sydenham Hill, London, SE23	3	Flat
£2,100	08/24	0.38 mi	Sydenham Hill London SE23	3	Flat
£2,100	08/24	0.38 mi	Sydenham Hill, Sydenham Hill, London, SE23	3	Flat
£3,500	08/24	0.39 mi	-	3	Terraced House
£3,500	08/24	0.39 mi	Havelock Walk, London, SE23	3	Terraced House
£2,650	03/25	0.39 mi	-	3	Flat
£2,300	08/24	0.4 mi	Hindsleys Place London SE23	3	Flat
£2,400	08/24	0.46 mi	Manor Mount London SE23	3	Flat
£2,700	01/25	0.48 mi	-	4	Terraced House
£1,875	12/24	0.49 mi	-	3	Flat
£2,400	08/24	0.5 mi	Burnage Court, Sydenham	3	Flat
£2,995	08/24	0.51 mi	Church Rise, London, SE23	4	Flat
£2,995	08/24	0.51 mi	Church Rise, London, SE23	4	Flat
£4,500	08/24	0.51 mi	Church Rise, Forest Hill, London, SE23	4	Flat
£2,695	08/24	0.51 mi	Church View, Sunderland Road, London, SE23	4	Flat
£2,195	08/24	0.51 mi	Broadmead, London, SE6	3	Terraced House
£2,550	12/24	0.51 mi	-	3	Flat

Local Area Statistics

Population in SE26	28,45528,455
Population in London	4,771,9214,771,921
Town centre distance	6.75 miles away6.75 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £500,000

August 16, 2024

Floor Plans

Description

Edwardian property +
Four bedrooms +
Communal garden +
Storage +
Room for improvements +
Chain free +
EPC rating D +

Spacious four bedroom apartment nestled within a purpose built Edwardian edifice, This is offered chain free, with communal gardens and easy parking. Exchange in 14 days.
We are acting in the sale of the above property and have received an offer of £490,000. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

Council Tax Band: D
Tenure: Leasehold

Original length of lease: 999 years
Date lease commences: 24/06/1966
Service charge: Approx: £tbc per annum
Ground Rent: Approx: £tbc 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, Sydenham

020 3870 5051

Next Steps?

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