2 Bed Flat, Single Let, London, SE15 3NR, £425,000

Peckham Rye, Peckham Rye, London, SE15 3NR - 7 months ago

Sold STC

Leasehold

BTL

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£250K - £780K
Sold Prices/m²	£5.8K/m² - £14.8K/m²

Square Metres	~68.11 m²
Price/m²	£6.2K/m²
Value Estimate	£486,444£486,444
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Total Cash In	£128,950£128,950

Cash Out
Rent Range	£1,650 - £3,450£1,650 - £3,450
Rent Estimate	£1,695
Running Costs/mo	£1,687£1,687
Cashflow/mo	£8£8
Cashflow/yr	£95£95
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £780K, average is £460K. £5.8K/m² to £14.8K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£460K	09/21	0.07 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£375K	03/21	0.13 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£440K	01/23	0.14 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£360K	06/23	0.16 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£426K	10/21	0.17 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£470K	06/21	0.17 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£530K	01/21	0.19 mi	33a, Fenwick Road, London, Greater London SE15 4HS	£9,298	57	2	Flat
£600K	06/21	0.21 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£625K	03/21	0.22 mi	14b, Howden Street, London, Greater London SE15 4LB	£8,333	75	2	Flat
£400K	06/23	0.23 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£780K	11/21	0.28 mi	57a, Choumert Road, London, Greater London SE15 4AR	-	-	2	Flat
£528K	01/21	0.28 mi	54b, Keston Road, London, Greater London SE15 4JB	£6,684	79	2	Flat
£415K	01/21	0.3 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£575K	11/20	0.31 mi	23b, Adys Road, London, Greater London SE15 4DX	£7,372	78	2	Flat
£373K	05/21	0.32 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£600K	11/20	0.33 mi	50b, Adys Road, London, Greater London SE15 4DZ	£10,345	58	2	Flat
£460K	04/21	0.39 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat
£600K	11/20	0.4 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£607.5K	03/21	0.41 mi	14a, Wroxton Road, London, Greater London SE15 2BN	£14,817	41	2	Flat
£645K	02/21	0.41 mi	133a, Kirkwood Road, London, Greater London SE15 2BG	-	-	2	Flat
£450K	06/23	0.41 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£345K	01/23	0.42 mi	Ground Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH	£6,273	55	2	Flat
£365K	03/23	0.44 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£340K	10/21	0.44 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£477.5K	12/20	0.45 mi	117b, Brayards Road, London, Greater London SE15 2BX	£6,201	77	2	Flat
£667.5K	06/21	0.46 mi	27a, Ondine Road, London, Greater London SE15 4ED	-	-	2	Flat
£587.5K	05/21	0.47 mi	26a, Crystal Palace Road, London, Greater London SE22 9HB	£10,880	54	2	Flat
£430K	02/23	0.48 mi	104a, Oglander Road, London, Greater London SE15 4DB	£7,167	60	2	Flat
£687.5K	07/23	0.49 mi	8a, Worlingham Road, London, Greater London SE22 9HD	£10,742	64	2	Flat
£622.5K	06/21	0.49 mi	49, Worlingham Road, London, Greater London SE22 9HD	-	-	2	Flat
£640K	11/20	0.49 mi	8, Oxenford Street, London, Greater London SE15 4DE	£10,323	62	2	Flat
£250K	11/20	0.49 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£590K	08/23	0.5 mi	37a, Copleston Road, London, Greater London SE15 4AN	£10,172	58	2	Flat
£530K	11/20	0.51 mi	95a, Copleston Road, London, Greater London SE15 4AH	£8,983	59	2	Flat
£412.5K	01/23	0.52 mi	135, Linwood Close, Camberwell, London, Greater London SE5 8UY	£6,150	67	2	Flat
£468K	03/23	0.52 mi	127, Linwood Close, Camberwell, London, Greater London SE5 8UY	£7,313	64	2	Flat
£455K	01/21	0.52 mi	117, Linwood Close, London, Greater London SE5 8UY	£5,987	76	2	Flat
£455.5K	12/20	0.52 mi	127, Linwood Close, London, Greater London SE5 8UY	£7,117	64	2	Flat
£420K	02/21	0.52 mi	137, Linwood Close, London, Greater London SE5 8UY	£5,833	72	2	Flat
£710K	01/21	0.53 mi	10a, Copleston Road, London, Greater London SE15 4AD	£11,270	63	2	Flat
£309K	06/21	0.53 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£545K	06/21	0.55 mi	108a, Copleston Road, London, Greater London SE15 4AF	£9,083	60	2	Flat
£475K	01/21	0.56 mi	71, Linwood Close, London, Greater London SE5 8UU	£6,597	72	2	Flat
£412.5K	02/23	0.59 mi	66, Hayes Grove, London, Greater London SE22 8DF	£7,001	59	2	Flat
£450K	03/23	0.59 mi	16, Hayes Grove, London, Greater London SE22 8DF	£6,716	67	2	Flat
£453.2K	02/21	0.6 mi	Ground Floor Flat, 61, Upland Road, London, Greater London SE22 0DA	£7,681	59	2	Flat
£415K	06/23	0.61 mi	14, Besant Place, London, Greater London SE22 8DA	£6,332	66	2	Flat
£577K	04/21	0.61 mi	6a, North Cross Road, East Dulwich, London, Greater London SE22 9EU	-	-	2	Flat
£400K	05/23	0.61 mi	10, North Cross Road, East Dulwich, London, Greater London SE22 9EU	-	-	2	Flat
£395K	02/23	0.63 mi	29a, St Marys Road, London, Greater London SE15 2EA	-	-	2	Flat

Local Rents

45 rents from £1.6K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	11/24	0.03 mi	-	2	Flat
£2,200	08/24	0.03 mi	Huguenot Square London SE15	2	Flat
£2,000	08/24	0.07 mi	-	2	Flat
£2,100	03/25	0.09 mi	-	2	Flat
£2,100	08/24	0.11 mi	Sternhall Lane Peckham SE15	2	Flat
£2,350	11/24	0.11 mi	-	2	Flat
£2,500	08/24	0.12 mi	Peckham Rye, Peckham, London, SE15	2	Flat
£2,500	08/24	0.12 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,500	08/24	0.12 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,750	08/24	0.12 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,750	08/24	0.12 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,500	08/24	0.12 mi	Peckham Rye, Peckham, London, SE15	2	Flat
£2,450	08/24	0.13 mi	Kinsale Road, Peckham, London, SE15	2	Flat
£2,625	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.13 mi	Heaton Road London SE15	2	Flat
£2,300	08/24	0.13 mi	Heaton Road, Peckham, London, SE15	2	Flat
£2,200	11/24	0.16 mi	-	2	Flat
£1,900	08/24	0.18 mi	Rye Lane, Peckham, London, SE15	2	Flat
£2,050	10/24	0.19 mi	-	2	Flat
£2,850	08/24	0.2 mi	Sandlings Close London SE15	2	House
£2,000	01/25	0.21 mi	-	2	Flat
£2,200	08/24	0.21 mi	Bournemouth Close, London, SE15 4BN	2	Flat
£2,000	08/24	0.21 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£1,650	08/24	0.22 mi	Kapuvar Close London SE15	2	Flat
£2,000	08/24	0.22 mi	Amott Road , London, SE15	2	Flat
£1,950	02/24	0.22 mi	-	2	Flat
£2,750	08/24	0.22 mi	Basi Terrace	2	Terraced House
£2,000	08/24	0.22 mi	Choumert Road, Peckham, London, SE15	2	Flat
£1,695	09/24	0.23 mi	-	2	Flat
£1,695	08/24	0.23 mi	Rye Lane, London, SE15	2	Flat
£1,875	04/25	0.23 mi	-	2	Flat
£2,250	04/25	0.23 mi	-	2	Semi-Detached House
£1,900	08/24	0.24 mi	Reedham Street London SE15	2	Flat
£2,100	08/24	0.25 mi	Gordon Road Nunhead SE15	2	Flat
£2,300	08/24	0.25 mi	Gowlett Road London SE15	2	Flat
£2,300	08/24	0.26 mi	Carden Road Nunhead SE15	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	4.67 miles away4.67 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

Listed for £425,000

September 10, 2024

Floor Plans

Description

Two Double Bedrooms +
Spacious Reception Room +
Modern Fitted Kitchen +
Modern Bathroom +
Electric Gate Entry +
Allocated Parking Space +

This fantastic two double bedroom flat is offered to the market in great condition. Comprising two double bedrooms, the principal of which boasts built in wardrobes, a spacious reception with tonnes of natural light and a separate kitchen, complete with built in appliances. The property benefits from secure, electric gated entry and boasts its own parking space.

The location offers fantastic access to the shops, bars and restaurants on Rye Lane, Bellenden Road and Lordship Lane. Transport links are in abundance with Peckham Rye for the overground, Nunhead station or East Dulwich station.

AGENT NOTES:

Mobile phone coverage: (Potential purchasers are advised to seek their own advice as to the suitability of the services and mobile phone coverage, the above is for guidance only.)

Available broadband: FTTC ADSL - Networks in your area: Openreach (Information supplied by Ofcom)

Flood Risk: High risk of surface water flooding / Very low risk river and sea flooding (Information supplied by gov.uk and purchasers are advised to seek their own legal advice)

Tenure: Leasehold

Local Council: Southwark / Tax Band: C

Floor plan: Whilst every attempt has been made to ensure accuracy, all measurements are approximate and not to scale. The floor plan is for illustrative purposes only.

Agent Details

Winkworth, Dulwich

020 3889 5958

Next Steps?

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

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