2 Bed Flat, Single Let, London, SE25 6SS, £275,000

Cuthbert Gardens, London, SE25 6SS - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~63 m²
+10 photos

ValuationUndervalued

Sold Prices£207.5K - £475K
Sold Prices/m²£3.4K/m² - £8.1K/m²

 

 

Square Metres

~62.80 m²
Price/m²£4.4K/m²

Value Estimate

£314,419
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£999 - £2,300

Rent Estimate

£1,325

Running Costs/mo

£1,144

Cashflow/mo

£181

Cashflow/yr

£2,168

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £207.5K to £475K, average is £307K. £3.4K/m² to £8.1K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£315K02/230.04 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£260K03/230.11 mi94, Whitworth Road, London, Greater London SE25 6XL2
£275K10/200.11 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£280K01/230.14 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£207.5K07/210.2 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£365K12/200.22 miFlat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£362K03/210.22 miFlat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£260K03/210.23 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£245K04/210.29 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£330K11/200.29 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£355K01/230.29 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£325K11/210.38 mi199, Grange Road, London, Greater London SE25 6TG2
£330K04/210.4 mi301, Grange Road, London, Greater London SE25 6TD2
£292.5K12/200.4 mi25a, Lancaster Road, London, Greater London SE25 4BJ2
£307.5K06/210.41 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£328.8K02/230.43 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£365K11/220.44 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£289K02/210.46 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£290K02/210.46 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£300K12/200.48 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£290K08/210.52 mi21, Cargreen Road, London, Greater London SE25 5AD2
£442.5K05/230.53 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£387.5K01/210.54 mi26, Kitley Gardens, London, Greater London SE19 2RY2
£365K04/210.54 mi14, Kitley Gardens, London, Greater London SE19 2RY2
£365K06/230.55 mi156, Sylvan Road, London, Greater London SE19 2SA2
£325K10/220.56 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£360K01/210.57 mi24, Sylvan Road, London, Greater London SE19 2RZ2
£297K10/210.57 mi114, Sylvan Road, London, Greater London SE19 2RZ2
£318K11/210.57 mi102, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.57 mi120, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.57 mi120, Sylvan Road, London, Greater London SE19 2RZ2
£235K02/230.58 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£275K06/210.58 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£307K08/210.58 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.58 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£465K02/210.61 mi21c, Sylvan Road, London, Greater London SE19 2RU2
£475K07/230.61 mi45a, Sylvan Road, London, Greater London SE19 2RU2
£332.5K06/210.61 mi2, Auckland Rise, London, Greater London SE19 2EA2
£273K12/200.62 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£307.5K03/210.63 mi355, Church Road, London, Greater London SE19 2QJ2
£250K02/210.63 mi14, St Marks Road, London, Greater London SE25 4UH2
£300K11/200.64 mi13, Haysleigh Gardens, London, Greater London SE20 8SS2
£288K02/210.65 mi68a, Holmesdale Road, London, Greater London SE25 6JF2
£280K06/230.65 mi11a, Crowther Road, London, Greater London SE25 5QW2
£280K08/210.66 miFlat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW2
£330K08/210.67 mi60a, Crowther Road, London, Greater London SE25 5QP2
£265K03/230.67 miFlat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT2
£240K07/230.68 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£270K10/210.71 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£292.5K04/210.71 miFlat 11, Kendal House, Derwent Road, London, Greater London SE20 7YR2
£308.6K09/210.72 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2

Local Rents

49 rents from £999/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,00008/240.02 miWhitehorse Lane, South Norwood2
£1,65004/250.04 mi-2
£2,00008/240.05 mi-2
£1,90008/240.08 mi-2
£1,80008/240.08 mi-2
£1,69003/250.11 mi-2
£1,65009/240.11 mi-2
£1,65008/240.11 miPierrepoint, London, SE252
£2,30008/240.12 mi-2
£1,70010/240.14 mi-2
£99908/240.15 miWhitworth Road, South Norwood, SE252
£1,60008/240.15 mi76 Whitworth Road, London, SE252
£1,65003/250.17 mi-2
£1,79511/230.17 miBroster Gardens, South Norwood, SE252
£1,85008/240.17 miBroster Gardens London SE252
£1,85008/240.17 miBROSTER GARDENS, LONDON, SE25, South Norwood, London, SE252
£1,60009/240.17 mi-2
£1,80008/240.19 mi-2
£1,50008/240.19 miWhitehorse Lane, London, SE252
£2,00008/240.19 miWhitehorse Lane, London, SE252
£1,60008/240.22 miFlat B, Oliver Avenue, South Norwood, SE252
£1,50009/240.23 mi-2
£1,50008/240.23 miWhitworth Road, London, SE252
£1,65008/240.23 miHolmesdale Close London SE252
£1,70008/240.24 mi-2
£1,69508/240.24 mi-2
£1,62508/240.27 miSouth Norwood Hill, London, SE252
£1,62508/240.27 mi-2
£2,00004/250.28 mi-2
£1,70003/250.28 mi-2
£1,85008/240.28 miHolmesdale Road, South Norwood2
£2,10008/240.29 mi-2
£2,10010/240.29 mi-2
£2,10008/240.29 miSouth Norwood Hill, London, SE252
£2,10008/240.29 miSouth Norwood Hill, London, SE252
£1,60010/240.29 mi-2
£1,60008/240.29 mi-2
£1,55002/240.3 mi-2
£1,69501/250.3 mi-2
£1,69503/250.3 mi-2
£1,80008/240.3 mi-2
£1,30008/240.3 mi-2
£1,85008/240.31 mi-2
£1,90008/240.31 mi-2
£1,90008/240.31 mi-2
£1,60008/240.32 mi-2
£1,70008/240.32 mi-2
£1,65008/240.32 mi-2
£1,50008/240.32 mi-2

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

8.71 miles away

Nearest school

0.40 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £275,000

January 3, 2025

Listed for £300,000

September 25, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Allocated Parking +
  • Long Leasehold Tenure +
  • Quiet Development +
  • Separate Modern Kitchen +
  • No Onward Chain +
  • Double Glazing +
  • Energy Efficiency Rating: C +

Guide Price £275,000 - £300,000

Acorn are please to welcome to the market this attractive two-bedroom apartment situated in one of the most up and coming areas of South London at present.

Located on the first floor this property comprises; two bedrooms, with the master benefitting within built in storage, a large family bathroom with space for storage, a large bright reception room and a fully fitted kitchen. Further benefits include gas central heating, double glazing, has access to a Juliet balcony and is offered to the market with no onward chain. This property also comes with an allocated parking spot which you can see from the property.

The property is ideally located for local shops and restaurants in South Norwood & Crystal Palace with local buses continuously helping with your commute to these areas. You also have Norwood Junction Station within 0.9 miles, offering mainline & Overground lines into London. Schools in the area consist of Cypress Primary School, Harris Academy South Norwood & The Brit School, to name a few.

Share of Freehold
Lease Length: 988 Years
Service Charge: £2,260 pa
Council Tax Band: C
Energy Efficiency Rating: C

Agent Details

Acorn, Crystal Palace

020 8103 3840

Next Steps?

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