2 Bed Flat, Single Let, London, SE21 8EE, £400,000

Martell Road, West Dulwich, SE21 8EE - 6 months ago

BTL
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£280K - £752.2K
Sold Prices/m²£4.5K/m² - £9.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£488,000
BMV22%

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

£1,500 - £3,300

Rent Estimate

£1,500

Running Costs/mo

£1,570

Cashflow/mo

£-70

Cashflow/yr

£-840

Gross Yield

5%

Local Sold Prices

50 sold prices from £280K to £752.2K, average is £449.5K. £4.5K/m² to £9.9K/m², average is £7.8K/m².

PriceDateDistanceAddressBeds 
£468K04/210.01 mi52, Martell Road, London, Greater London SE21 8EE2
£521.5K12/200.01 mi6a, Martell Road, West Dulwich, London, Greater London SE21 8EE2
£450K10/200.02 mi25a, Martell Road, West Dulwich, London, Greater London SE21 8ED2
£450K12/200.02 mi29b, Martell Road, London, Greater London SE21 8ED2
£480K04/210.02 mi35, Martell Road, West Dulwich, London, Greater London SE21 8ED2
£478.9K12/200.02 mi17c, Martell Road, West Dulwich, London, Greater London SE21 8ED2
£432K02/210.02 mi33c, Martell Road, London, Greater London SE21 8ED2
£495K03/210.07 mi41a, Rosendale Road, London, Greater London SE21 8DY2
£472K12/200.13 mi115a, Clive Road, London, Greater London SE21 8DF2
£412.5K10/200.13 mi12c, Park Hall Road, London, Greater London SE21 8DW2
£605K11/210.15 mi156, Clive Road, London, Greater London SE21 8BP2
£455.5K04/230.15 mi164b, Clive Road, London, Greater London SE21 8BP2
£625K06/210.15 miGround Floor Flat, 124, Clive Road, London, Greater London SE21 8BP2
£580K02/230.15 mi126, Clive Road, London, Greater London SE21 8BP2
£421K11/200.16 mi21a, Carnac Street, London, Greater London SE27 9RR2
£397K05/230.16 miGround Floor Flat, 23, Carnac Street, London, Greater London SE27 9RR2
£457.5K06/210.17 mi77, Chestnut Road, London, Greater London SE27 9LD2
£425K06/210.17 mi91, Chestnut Road, London, Greater London SE27 9LD2
£550K01/230.17 mi79, Chestnut Road, London, Greater London SE27 9LD2
£457.5K06/210.17 mi77, Chestnut Road, London, Greater London SE27 9LD2
£280K12/200.18 miFlat 15, Clevedon Court, Clive Road, London, Greater London SE21 8BT2
£395K05/210.19 miFlat 3, Chestnut House, Barston Road, London, Greater London SE27 9HD2
£430K09/200.19 mi40a, Durban Road, London, Greater London SE27 9RP2
£425K10/200.19 mi34, Durban Road, London, Greater London SE27 9RP2
£540K06/210.19 mi26a, Durban Road, London, Greater London SE27 9RP2
£308K11/200.19 mi32a, Durban Road, London, Greater London SE27 9RP2
£465K05/210.19 mi22a, Durban Road, London, Greater London SE27 9RP2
£300K03/210.19 miFlat 16, Jean Humbert House, Carnac Street, London, Greater London SE27 9RS2
£602.5K01/230.21 mi99, South Croxted Road, London, Greater London SE21 8BA2
£510K12/200.21 mi12, Barston Road, London, Greater London SE27 9HE2
£420K03/210.22 miFirst Floor, 41, Durban Road, London, Greater London SE27 9RW2
£309K06/230.22 mi5, Durban Road, London, Greater London SE27 9RW2
£375K12/200.22 mi69, Durban Road, London, Greater London SE27 9RW2
£290K06/230.22 miFirst Floor Flat At, 109, Durban Road, London, Greater London SE27 9RW2
£430K02/210.23 miFlat B, 60, South Croxted Road, London, Greater London SE21 8BD2
£752.2K12/200.23 mi56a, South Croxted Road, London, Greater London SE21 8BD2
£467K02/210.24 miFlat 2, Emmanuel House, South Croxted Road, London, Greater London SE21 8BE2
£355K09/210.24 miFlat 19, Cormorant Court, Elmworth Grove, London, Greater London SE21 8RB2
£335K06/210.24 miFlat 22, Cormorant Court, Elmworth Grove, London, Greater London SE21 8RB2
£375K12/200.25 miFlat 15, Dunnock Court, Elmworth Grove, London, Greater London SE21 8RF2
£500K01/230.27 mi57, Auckland Hill, London, Greater London SE27 9PF2
£475K01/210.28 mi169c, Auckland Hill, London, Greater London SE27 9PG2
£432.5K03/210.28 mi119, Auckland Hill, London, Greater London SE27 9PG2
£449K12/200.28 mi91, Auckland Hill, London, Greater London SE27 9PG2
£390K07/230.28 mi121, Auckland Hill, London, Greater London SE27 9PG2
£555K12/220.28 mi51a, Auckland Hill, London, Greater London SE27 9PF2
£346K07/210.28 miFlat 15, Falcon Court, Elmworth Grove, London, Greater London SE21 8RG2
£480K07/230.29 mi57c, Idmiston Road, London, Greater London SE27 9HL2
£440K02/210.3 mi73, Auckland Hill, London, Greater London SE27 9PF2
£390K10/200.4 mi71, Glazebrook Close, London, Greater London SE21 8RR2

Local Rents

50 rents from £1.5K/mo to £3.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£3,30001/250.04 mi-2
£1,90008/240.06 miROSENDALE ROAD, LONDON, SE21, West Dulwich, London, SE212
£1,50008/240.07 miRosendale Road West Dulwich SE212
£2,10008/240.08 miRosendale Road London SE212
£2,10008/240.08 miRosendale Road, West Dulwich2
£1,80008/240.08 mi-2
£1,85003/250.08 mi-2
£2,10008/240.09 mi-2
£1,95010/240.11 mi-2
£1,74512/240.18 mi-2
£2,10003/250.18 mi-2
£1,90008/240.19 miBarston Road London SE272
£2,00008/240.19 miBarston Road West Norwood SE272
£2,00008/240.19 miBarston Road London SE272
£1,95008/240.23 miSouth Croxted Road, Dulwich, SE212
£2,20008/240.25 miSt. Cloud Road London SE272
£2,10008/240.26 miIdmiston Road West Dulwich SE272
£2,50008/240.26 miChalford Road, Dulwich, London, SE212
£2,65008/240.27 miCroxted Road, Dulwich, London, SE212
£2,30002/250.27 mi-2
£1,65009/240.28 mi-2
£1,55012/240.29 mi-2
£1,55002/250.29 mi-2
£1,75010/240.29 mi-2
£1,65008/240.3 miAuckland Hill, West Norwood, London, SE272
£1,80008/240.3 miAuckland Hill, West Norwood, London, SE272
£3,10008/240.32 miIldersly Grove London SE212
£1,85008/240.37 miClive Road, West Dulwich, London, SE212
£1,70008/240.37 miClive Road, West Dulwich, London, SE212
£1,60008/240.38 miChestnut Road, West Norwood2
£1,80008/240.39 miHamilton Road, London, SE272
£1,50008/240.39 miNorwood High Street, London, SE272
£1,80009/240.4 miNorwood Road, West Norwood, London, SE272
£1,85008/240.4 mi-2
£2,10008/240.41 miLancaster Avenue, London, SE272
£2,15011/240.41 mi-2
£1,80010/240.42 mi-2
£2,20003/250.42 mi-2
£1,50008/240.43 miClytha Court, Gipsy Road, West Norwood, SE272
£1,90002/250.43 mi-2
£1,80002/250.43 mi-2
£2,20003/250.43 mi-2
£1,60008/240.43 miNettlefold Place, London, SE272
£1,80008/240.43 miHamilton Road, West Norwood2
£1,80008/240.44 mi-2
£1,80001/250.44 mi-2
£1,75002/250.44 mi-2
£1,82503/250.44 mi-2
£1,85010/230.45 miThurlow Park Road, West Dulwich, SE212
£1,75008/240.45 mi-2

Local Area Statistics

Population in SE21

15,257

Population in London

4,771,921

Town centre distance

6.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £400,000

September 12, 2024

Floor Plans

Description

  • Chain free +
  • Share of freehold +
  • Private garden +
  • Period conversion +
  • Highly sought after residential road +
  • EPC rating: E +

Introducing a charming two-bedroom period conversion on the highly sought-after Martell Road, set within a stunning Victorian building that exudes character and charm. With high ceilings and large sash windows, the property is filled with natural light, creating a bright and welcoming atmosphere.

Offering over 720 sq. ft. of living space, this property features a spacious reception room bathed in light, two generously sized double bedrooms, a contemporary bathroom suite, and ample storage throughout. The spacious kitchen leads directly onto a private rear garden—an incredible asset and rare find in London.

Martell Road is ideally located for transport, with three stations within easy reach. West Dulwich station (0.7 miles away) offers Southeastern services to London Victoria. The property is also within the catchment area for excellent independent schools, including Elm Wood Primary and Kingsdale Foundation Secondary School. West Dulwich offers a variety of cafes, bistros, pubs, and supermarkets, with plenty of green spaces nearby such as Belair Park, Dulwich Park, and Brockwell Lido. West Norwood High Street is also within walking distance, providing a wide array of amenities.

An early viewing is highly recommended to fully appreciate this stunning property and its rare private garden.

Agent Details

Oaks Estate Agents, Tulse Hill

020 3889 9151

Next Steps?

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