2 Bed Flat, Single Let, London, SE23 3BH, £340,000

Ewelme Road Forest Hill, SE23 3BH - 1 views - 6 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£250K - £620K
Sold Prices/m²	£1.7K/m² - £8.9K/m²

Square Metres	~68.11 m²
Price/m²	£5K/m²
Value Estimate	£408,000£408,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£85,000£85,000
Stamp Duty & Legal Fees	£15,900£15,900
Total Cash In	£100,900£100,900

Cash Out
Rent Range	£1,500 - £2,350£1,500 - £2,350
Rent Estimate	£1,506
Running Costs/mo	£1,384£1,384
Cashflow/mo	£122£122
Cashflow/yr	£1,468£1,468
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £620K, average is £388.8K. £1.7K/m² to £8.9K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	07/23	0.08 mi	150c, Devonshire Road, London, Greater London SE23 3SZ	£7,674	46	2	Flat
£250K	06/21	0.08 mi	90a, Devonshire Road, London, Greater London SE23 3SX	£4,984	50	2	Flat
£312.5K	04/23	0.09 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat
£350K	12/20	0.1 mi	38b, Ewelme Road, London, Greater London SE23 3BH	£8,537	41	2	Flat
£485K	02/23	0.12 mi	Ground Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL	-	-	2	Flat
£464K	11/20	0.17 mi	182c, Devonshire Road, London, Greater London SE23 3TB	£6,356	73	2	Flat
£398.5K	10/21	0.18 mi	96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS	£5,175	77	2	Flat
£465K	12/20	0.18 mi	23b, Rockbourne Road, London, Greater London SE23 2DA	£1,729	269	2	Flat
£320K	11/20	0.21 mi	Flat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ	-	-	2	Flat
£387.5K	12/21	0.21 mi	38a, Rockbourne Road, London, Greater London SE23 2DD	-	-	2	Flat
£427.5K	08/21	0.23 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£556K	12/20	0.24 mi	3a, Dunoon Road, London, Greater London SE23 3TD	-	-	2	Flat
£372.5K	06/21	0.24 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£435K	12/20	0.27 mi	232b, Devonshire Road, London, Greater London SE23 3TQ	£6,493	67	2	Flat
£315K	09/21	0.27 mi	24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS	-	-	2	Flat
£322.5K	06/23	0.28 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£405K	03/21	0.3 mi	53, Greystead Road, London, Greater London SE23 3SD	£6,136	66	2	Flat
£400K	12/20	0.33 mi	76c, Honor Oak Road, London, Greater London SE23 3RR	£6,667	60	2	Flat
£290K	11/20	0.33 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£445K	06/23	0.35 mi	8, Grove Close, London, Greater London SE23 1AS	£6,014	74	2	Flat
£450K	08/23	0.35 mi	16, Firs Close, London, Greater London SE23 1BB	£5,769	78	2	Flat
£595K	06/23	0.35 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£335K	04/23	0.39 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat
£539K	12/20	0.41 mi	Flat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP	-	-	2	Flat
£485K	04/21	0.42 mi	65a, Colfe Road, London, Greater London SE23 2ES	£5,575	87	2	Flat
£345K	03/23	0.44 mi	Flat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX	-	-	2	Flat
£440K	05/23	0.45 mi	22a, Ackroyd Road, London, Greater London SE23 1DL	£7,384	60	2	Flat
£373.3K	07/23	0.45 mi	172, Grierson Road, London, Greater London SE23 1NU	£5,925	63	2	Flat
£375K	06/21	0.46 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£340K	07/23	0.46 mi	184, Wood Vale, London, Greater London SE23 3EA	£5,075	67	2	Flat
£507.8K	12/20	0.46 mi	19a, Gabriel Street, London, Greater London SE23 1DW	£8,897	57	2	Flat
£492K	06/21	0.46 mi	Greenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB	-	-	2	Flat
£365K	03/21	0.47 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat
£513.9K	07/23	0.48 mi	5, Loxton Road, Forest Hill, London, Greater London SE23 2ET	£7,786	66	2	Flat
£455K	02/23	0.49 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£350K	06/23	0.49 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.49 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.49 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.49 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£375K	09/21	0.49 mi	24a, St Germans Road, London, Greater London SE23 1RJ	£7,979	47	2	Flat
£390K	03/23	0.49 mi	20, Honor Oak Rise, London, Greater London SE23 3RA	£8,125	48	2	Flat
£395K	12/20	0.5 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.5 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£620K	04/21	0.5 mi	107a, Wood Vale, London, Greater London SE23 3DT	£8,732	71	2	Flat
£335K	12/20	0.51 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£375K	02/21	0.51 mi	Flat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	2	Flat
£293K	06/21	0.51 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£376K	05/21	0.51 mi	42a, Kilmorie Road, London, Greater London SE23 2ST	-	-	2	Flat
£540K	02/23	0.52 mi	1a, Wyleu Street, London, Greater London SE23 1DU	£8,852	61	2	Flat
£567.5K	06/23	0.53 mi	47, Farren Road, London, Greater London SE23 2DZ	£7,006	81	2	Flat

Local Rents

49 rents from £1.5K/mo to £2.4K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0.04 mi	Devonshire Road, London, SE23	2	Flat
£2,100	08/24	0.04 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,850	08/24	0.05 mi	Devonshire Road, London, SE23	2	Flat
£1,825	10/24	0.07 mi	-	2	Flat
£1,550	08/24	0.08 mi	Devonshire Road, London, SE23	2	Flat
£1,550	09/24	0.08 mi	-	2	Flat
£1,700	03/25	0.08 mi	-	2	Flat
£1,600	08/24	0.08 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,800	09/24	0.1 mi	-	2	Flat
£1,700	08/24	0.12 mi	Honor Oak Road, Forest Hill, London, SE23	2	Flat
£1,650	08/24	0.13 mi	Devonshire Road, Forest Hill, London, SE23	2	Flat
£1,950	08/24	0.14 mi	Churchwood Gardens, Honor Oak	2	Flat
£1,650	08/24	0.16 mi	Devonshire Road, London, SE23	2	Flat
£1,500	08/24	0.16 mi	-	2	Flat
£2,350	08/24	0.16 mi	Stanstead Road, London, SE23	2	Terraced House
£1,750	08/24	0.18 mi	Lynfield Court, Devonshire Road, Forest Hill, SE23	2	Flat
£2,250	08/24	0.18 mi	Churchwood Gardens, Forest Hill	2	Flat
£2,200	08/24	0.18 mi	Churchwood Gardens, Forest Hill	2	Flat
£2,200	08/24	0.19 mi	Churchwood Gardens, Forest Hill	2	Flat
£1,950	09/24	0.19 mi	-	2	Flat
£1,950	09/24	0.19 mi	-	2	Flat
£2,200	08/24	0.19 mi	Honor Oak Road, Honor Oak	2	Flat
£1,750	08/24	0.2 mi	Manor Mount, London, SE23	2	Flat
£1,950	12/24	0.2 mi	-	2	Flat
£1,980	03/25	0.2 mi	-	2	Flat
£1,950	08/24	0.2 mi	Churchwood Gardens, Forest Hill, London, SE23	2	Flat
£2,200	08/24	0.2 mi	Churchwood Gardens, Forest Hill, London, SE23	2	Flat
£1,950	08/24	0.2 mi	Manor Mount, London, SE23	2	Flat
£1,950	08/24	0.2 mi	-	2	Flat
£2,250	08/24	0.21 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.21 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.21 mi	Stanstead Road London SE23	2	Flat
£1,950	08/24	0.21 mi	Manor Mount, London, SE23	2	Flat
£2,200	08/24	0.22 mi	Churchwood Gardens, Honor Oak	2	Flat
£1,746	08/24	0.22 mi	Manor Way, Forest Hill, SE23	2	Flat
£2,000	08/24	0.22 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£2,200	08/24	0.23 mi	Manor Mount, Forest Hill, London, SE23	2	Flat
£1,900	11/24	0.23 mi	-	2	Flat
£1,800	08/24	0.23 mi	The Manor, Manor Way, London	2	Flat
£2,100	08/24	0.24 mi	Waldram Park Road London SE23	2	Flat
£1,600	08/24	0.24 mi	Waldram Park Road, Forest Hill, SE23	2	Flat
£1,650	08/24	0.25 mi	Horniman Drive, Forest Hill, London, SE23	2	Flat
£2,000	08/24	0.25 mi	Forest Hill, London, SE23	2	Flat
£2,000	09/24	0.25 mi	-	2	Flat
£1,500	08/24	0.25 mi	Sunderland Road Forest Hill SE23	2	Flat
£1,850	02/24	0.25 mi	-	2	House
£1,950	08/24	0.25 mi	Waldram Park Road, Forest Hill, London, SE23	2	Flat
£2,200	03/25	0.26 mi	-	2	Flat
£1,600	02/24	0.26 mi	-	2	House

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.26 miles away6.26 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £340,000

September 30, 2024

Floor Plans

Description

Offered chain free +
Separate fitted kitchen +
Modern bathroom suite +
Abundance of light +
Plenty of storage +
Double glazing +
Close to excellent transport links +
Two bedrooms +
Spacious reception room +

A charming two bedroom split-level apartment for sale on the very popular Ewelme Road. Offered chain free.

This lovely property comprises a spacious reception room, separate fitted kitchen, modern bathroom suite and two bedrooms. Further benefits include an abundance of light, plenty of storage, double glazing and so much more.

The property is situated approximately just 0.4 miles to Forest Hill station offering excellent transport links into London Bridge, Victoria, Canada Water, Canary Wharf, Shoreditch, Whitechapel, Highbury & Islington and many other locations. It is also very well placed for access to various local amenities including a variety of parks, restaurants, supermarkets, coffee shops, cafes and gastro pubs.

Viewings are highly recommended, call the Pedder Forest Hill Sales team to arrange a viewing today.

EPC: E | Council Tax Band: B | Lease: 93 years remaining | SC: £0 | GR: £250 | BI: £350

Agent Details

Pedder, Forest Hill

020 3869 5048

Next Steps?

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

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