2 Bed Flat, Single Let, London, SE25 6SD £225,000

Pierrepoint, Ross Road, South Norwood, London, SE25 6SD - 15 views - a year ago

Auction

BTL

ROI: 4%

~68 m²

ValuationUndervalued

Sold Prices	£207.5K - £850K
Sold Prices/m²	£3.5K/m² - £12.9K/m²

Square Metres	~68.11 m²
Price/m²	£3.3K/m²
Value Estimate	£272,250£272,250
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£1,200 - £2,300£1,200 - £2,300
Rent Estimate	£1,187
Running Costs/mo	£961£961
Cashflow/mo	£226£226
Cashflow/yr	£2,718£2,718
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £207.5K to £850K, average is £331.2K. £3.5K/m² to £12.9K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£258K	03/25	0.02 mi	30, Pierrepoint, Ross Road, South Norwood, London SE25 6SD	£4,607	56	2	Flat
£315K	02/23	0.1 mi	Flat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN	-	-	2	Flat
£350K	05/25	0.18 mi	1, Woodvale Court, South Norwood Hill, South Norwood, London SE25 6AH	£5,000	70	2	Flat
£350K	05/25	0.18 mi	1, Woodvale Court, South Norwood Hill, South Norwood, London SE25 6AH	-	-	2	Flat
£260K	03/23	0.19 mi	94, Whitworth Road, London, Greater London SE25 6XL	-	-	2	Flat
£280K	01/23	0.19 mi	269a, Whitehorse Lane, London, Greater London SE25 6UP	£4,912	57	2	Flat
£290K	12/24	0.22 mi	241 Bravo House, Flat 4, Whitehorse Lane, South Norwood, London SE25 6UU	£5,686	51	2	Flat
£207.5K	07/21	0.25 mi	221a, Whitehorse Lane, London, Greater London SE25 6UU	-	-	2	Flat
£352K	01/25	0.29 mi	16, Hambledon Gardens, South Norwood, London SE25 6BU	£6,175	57	2	Flat
£325K	11/21	0.31 mi	199, Grange Road, London, Greater London SE25 6TG	£4,643	70	2	Flat
£298K	08/24	0.34 mi	45a, Hythe Road, Thornton Heath CR7 8QQ	£3,921	76	2	Flat
£365K	11/22	0.34 mi	227, Mersham Road, Thornton Heath, Greater London CR7 8NW	£5,615	65	2	Flat
£307.5K	06/21	0.34 mi	53, Hythe Road, Thornton Heath, Greater London CR7 8QR	£4,457	69	2	Flat
£343K	11/24	0.35 mi	227, Mersham Road, Thornton Heath CR7 8NW	£5,359	64	2	Flat
£415K	02/25	0.35 mi	30c, Lancaster Road, South Norwood, London SE25 4AF	£4,560	91	2	Flat
£325K	04/25	0.37 mi	16, 24 Frances Court, Lancaster Road, South Norwood, London SE25 4AW	£5,078	64	2	Flat
£355K	01/23	0.38 mi	299, Holmesdale Road, London, Greater London SE25 6PR	£5,299	67	2	Flat
£355.5K	08/24	0.38 mi	112, Mersham Road, Thornton Heath CR7 8NQ	£5,228	68	2	Flat
£360K	11/24	0.4 mi	20, Flat 2, Chalfont Road, South Norwood, London SE25 4AA	£3,462	104	2	Flat
£442.5K	05/23	0.44 mi	1e, Beulah Hill, London, Greater London SE19 3LQ	£4,671	95	2	Flat
£329.9K	01/25	0.46 mi	2b, Flat 1, Whitworth Road, South Norwood, London SE25 6XN	£4,647	71	2	Flat
£328.8K	02/23	0.47 mi	Flat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ	-	-	2	Flat
£300K	02/25	0.48 mi	353 Discovery Court, 16, Grange Road, Upper Norwood, London SE19 3BL	£5,357	56	2	Flat
£406K	03/25	0.49 mi	28, Kitley Gardens, Upper Norwood, London SE19 2RY	£5,342	76	2	Flat
£365K	06/23	0.51 mi	156, Sylvan Road, London, Greater London SE19 2SA	-	-	2	Flat
£325K	10/22	0.52 mi	3, Natal Road, Thornton Heath, Greater London CR7 8QH	-	-	2	Flat
£360K	01/25	0.52 mi	47, Flat 1, High Street, South Norwood, London SE25 6HJ	-	-	2	Flat
£297K	10/21	0.52 mi	114, Sylvan Road, London, Greater London SE19 2RZ	-	-	2	Flat
£318K	11/21	0.52 mi	102, Sylvan Road, London, Greater London SE19 2RZ	£4,676	68	2	Flat
£380K	07/23	0.52 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£350K	01/25	0.53 mi	230, Sylvan Road, Upper Norwood, London SE19 2SB	£4,795	73	2	Flat
£850K	09/21	0.53 mi	Grey Gables, Lawrence Road, South Norwood, London SE25 5AA	£5,090	167	2	Flat
£345K	11/24	0.53 mi	180 Henley Lodge, 4, Selhurst Road, South Norwood, London SE25 5SE	£5,565	62	2	Flat
£332.5K	06/21	0.54 mi	2, Auckland Rise, London, Greater London SE19 2EA	£5,733	58	2	Flat
£352.5K	03/25	0.54 mi	7, 13 Scoresdale, Beulah Hill, Upper Norwood, London SE19 3LH	£5,975	59	2	Flat
£315K	04/25	0.54 mi	208, Sylvan Road, Upper Norwood, London SE19 2SA	£4,375	72	2	Flat
£325K	07/25	0.55 mi	26, 17 Blenheim Court, Beulah Hill, Upper Norwood, London SE19 3LJ	-	-	2	Flat
£400K	07/25	0.56 mi	4, 19 Mayville Court, Sylvan Road, Upper Norwood, London SE19 2SE	-	-	2	Flat
£345K	03/25	0.56 mi	13, Henley Lodge, Tennison Road, South Norwood, London SE25 5RP	£5,948	58	2	Flat
£275K	06/21	0.56 mi	64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,044	68	2	Flat
£307K	08/21	0.56 mi	62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,386	70	2	Flat
£300K	04/23	0.56 mi	70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,615	65	2	Flat
£475K	07/23	0.57 mi	45a, Sylvan Road, London, Greater London SE19 2RU	£8,051	59	2	Flat
£272K	02/25	0.59 mi	163, Flat 4, Selhurst Road, South Norwood, London SE25 6LG	£4,772	57	2	Flat
£505K	07/25	0.59 mi	Flat 26, 8, Sylvan Hill, Upper Norwood, London SE19 2QF	-	-	2	Flat
£235K	02/23	0.6 mi	430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB	-	-	2	Flat
£290K	08/21	0.62 mi	21, Cargreen Road, London, Greater London SE25 5AD	£5,145	56	2	Flat
£375K	04/25	0.63 mi	4, 27 Ravensroost, Beulah Hill, Upper Norwood, London SE19 3LN	£5,137	73	2	Flat
£320K	06/21	0.63 mi	33, Freethorpe Close, London, Greater London SE19 3LX	£5,161	62	2	Flat
£450K	01/25	0.63 mi	27 Ravensroost, 37, Beulah Hill, Upper Norwood, London SE19 3LN	£12,857	35	2	Flat

Local Rents

49 rents from £1.2K/mo to £2.3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	06/25	0 mi	Ross Road, South Norwood, London, SE25	2	Flat
£1,650	09/25	0.01 mi	-	2	Flat
£1,690	03/25	0.01 mi	-	2	Flat
£1,650	09/24	0.01 mi	-	2	Flat
£1,650	08/24	0.01 mi	Pierrepoint, London, SE25	2	Flat
£1,600	09/25	0.02 mi	Ross Road, London, SE25	2	Flat
£1,600	11/25	0.02 mi	Ross Road, South Norwood	2	Flat
£1,700	06/25	0.02 mi	-	2	Flat
£1,650	04/25	0.07 mi	-	2	Flat
£2,000	08/24	0.08 mi	-	2	Flat
£1,900	08/24	0.08 mi	-	2	Flat
£1,800	08/24	0.08 mi	-	2	Flat
£1,800	06/25	0.09 mi	Elements, 139 South Norwood Hill	2	Flat
£2,300	08/24	0.1 mi	-	2	Flat
£2,000	08/24	0.1 mi	Whitehorse Lane, South Norwood	2	Terraced House
£1,850	07/25	0.11 mi	South Norwood Hill, South Norwood, London, SE25	2	Flat
£1,600	09/24	0.11 mi	-	2	Flat
£2,100	10/25	0.13 mi	Ross Road, South Norwood, London, SE25	2	Flat
£1,700	11/25	0.15 mi	-	2	Flat
£1,650	07/25	0.15 mi	An Exceptional Two-Bedroom - South Norwood Hill	2	Flat
£1,650	10/25	0.15 mi	An Exceptional Two-Bedroom - South Norwood Hill	2	Flat
£1,700	08/24	0.16 mi	-	2	Flat
£1,650	08/25	0.17 mi	Ross Road, South Norwood, London, SE25	2	Flat
£1,750	11/25	0.18 mi	Ross Road, Thistledown Court, SE25	2	Flat
£1,625	08/24	0.18 mi	South Norwood Hill, London, SE25	2	Flat
£1,625	08/24	0.18 mi	-	2	Flat
£1,750	07/25	0.19 mi	South Norwood Hill, South Norwood, London, SE25	2	Flat
£1,200	11/25	0.19 mi	-	2	Flat
£1,300	11/25	0.19 mi	St. Mary's Road, London, SE25	2	Flat
£2,100	08/24	0.2 mi	-	2	Terraced House
£2,100	08/25	0.2 mi	-	2	Terraced House
£2,100	10/24	0.2 mi	-	2	Terraced House
£2,100	08/24	0.2 mi	South Norwood Hill, London, SE25	2	Terraced House
£2,100	08/24	0.2 mi	South Norwood Hill, London, SE25	2	Terraced House
£1,300	09/25	0.2 mi	St. Mary's Road, London, SE25	2	Flat
£1,300	11/25	0.2 mi	St Marys Road, South Norwood	2	Flat
£1,250	11/25	0.2 mi	St. Mary's Road, London, SE25	2	Flat
£1,200	11/25	0.2 mi	St. Mary's Road, London, SE25	2	Flat
£1,300	09/25	0.2 mi	St. Mary's Road, London, SE25	2	Flat
£1,600	10/24	0.2 mi	-	2	Flat
£1,600	07/25	0.2 mi	-	2	Flat
£1,600	07/25	0.2 mi	South Norwood Hill, London, SE25	2	Flat
£1,600	11/25	0.21 mi	Cypress Road, South Norwood, SE25	2	Flat
£1,400	11/25	0.21 mi	Whitehorse Lane, London	2	Flat
£1,400	09/25	0.21 mi	-	2	Flat
£1,600	08/24	0.21 mi	-	2	House
£1,700	10/24	0.23 mi	-	2	Flat
£1,800	08/24	0.23 mi	-	2	Flat
£1,500	08/24	0.24 mi	Whitehorse Lane, London, SE25	2	Flat

Local Area Statistics

Population in SE25	34,50934,509
Population in London	4,771,9214,771,921
Town centre distance	8.62 miles away8.62 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+12%+12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £225,000

September 25, 2024

Sold for £129,000

2003

Sold for £87,000

2001

Floor Plans

Description

For sale via Auction - Prior Auction purchase available +
Fantastic 2 bedroom apartment +
Bright and spacious reception room +
Smart kitchen +
Comfortable double bedrooms +
Private garage +
Set on the third floor with lift access +
Superb location close to the amenities of South Norwood High Street +

Located moments away from Grangewood Park, this fantastic 2 bedroom apartment offers bright and spacious accommodation with large reception room, smart kitchen, double bedrooms and a private garage.

Ross Road presents a superb location with easy access to the amenities of South Norwood High Street. Grangewood Park is just moments away, along with excellent connections to London and Croydon from Norwood Junction, and Thornton Heath stations.

Please use the reference CHPK1307178 when contacting Foxtons.

Agent Details

Foxtons, Crystal Palace

020 3834 8506

Next Steps?

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

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