2 Bed Flat, Single Let, London, SE23 2PS, £300,000

Sunderland Road, Forest Hill, SE23 2PS - 1 views - 6 months ago

BTL
ROI: 4%
~51 m²
+5 photos

ValuationUndervalued

Sold Prices£250K - £595K
Sold Prices/m²£1.7K/m² - £11K/m²

 

 

Square Metres

~50.50 m²
Price/m²£5.9K/m²

Value Estimate

£334,949
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,500

Rent Estimate

£1,550

Running Costs/mo

£1,268

Cashflow/mo

£283

Cashflow/yr

£3,390

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £595K, average is £410K. £1.7K/m² to £11K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£290K11/200 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£322.5K06/230.05 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£372.5K06/210.09 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£595K06/230.11 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£387.5K12/210.13 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£485K04/210.14 mi65a, Colfe Road, London, Greater London SE23 2ES2
£398.5K10/210.15 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£465K12/200.16 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£513.9K07/230.16 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£567.5K06/230.2 mi47, Farren Road, London, Greater London SE23 2DZ2
£420K03/210.2 mi27b, Como Road, London, Greater London SE23 2JL2
£375K06/210.2 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£376K05/210.24 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£435.8K08/210.25 mi24, Shipman Road, London, Greater London SE23 2DY2
£450K03/210.26 mi37b, Siddons Road, London, Greater London SE23 2JH2
£312.5K04/230.26 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£335K04/230.26 mi14, Church Vale, London, Greater London SE23 2UW2
£250K06/210.26 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£445K06/230.28 mi8, Grove Close, London, Greater London SE23 1AS2
£375K03/210.29 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£455K02/230.3 mi62a, Westbourne Drive, London, Greater London SE23 2UN2
£427.5K08/210.3 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£450K08/230.3 mi16, Firs Close, London, Greater London SE23 1BB2
£495.2K07/230.31 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£375K09/210.31 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£475.5K02/230.32 mi39, Como Road, London, Greater London SE23 2JL2
£445K07/230.32 mi6, Aylward Road, London, Greater London SE23 2JE2
£350K06/230.33 miFlat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£332K12/200.33 miFlat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£300K02/210.33 miFlat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£366K09/230.33 miFlat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£498K04/210.34 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£345K03/230.36 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£342K11/200.36 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£350K07/230.36 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£485K06/210.37 mi61, Hurstbourne Road, London, Greater London SE23 2AA2
£390K10/210.38 mi80a, Elsinore Road, London, Greater London SE23 2SN2
£458.8K01/210.38 mi88, Elsinore Road, London, Greater London SE23 2SN2
£350K12/200.39 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£325K09/210.41 mi4b, Fermor Road, London, Greater London SE23 2HN2
£464K11/200.42 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£507.5K12/200.42 mi71b, Woolstone Road, London, Greater London SE23 2TQ2
£435K11/200.42 mi71, St German's Road, London, Greater London SE23 1RY2
£370K06/230.43 mi82, Bampton Road, London, Greater London SE23 2AX2
£400K06/230.43 mi84, Bampton Road, London, Greater London SE23 2AX2
£485K02/230.43 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£435K12/200.46 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£495K11/200.46 mi14a, Woolstone Road, London, Greater London SE23 2SG2
£478K08/210.49 miGround Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL2
£335K06/230.5 mi95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT2

Local Rents

48 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,60008/240 miSunderland Road, Forest Hill, SE232
£1,70009/240 miSunderland Road London SE232
£2,50003/250.08 mi-2
£2,20003/250.08 mi-2
£2,20003/250.09 mi-2
£2,00003/250.09 mi-2
£1,50008/240.09 miSunderland Road Forest Hill SE232
£1,75002/250.09 mi-2
£2,10008/240.09 miWaldram Park Road London SE232
£1,60008/240.09 miWaldram Park Road, Forest Hill, SE232
£1,95008/240.09 miWaldram Park Road, Forest Hill, London, SE232
£1,85002/240.1 mi-2
£2,25009/240.11 miColfe Road Forest Hill SE232
£2,25008/240.12 miColfe Road, Forest Hill, London, SE232
£2,20008/240.12 miColfe Road, SE232
£1,70008/240.12 miWaldram Park Road, London2
£1,65008/240.16 miStanstead Road, London, SE232
£1,60008/240.19 miCranston Road, Forest Hill, SE232
£2,00009/240.19 mi-2
£2,00008/240.19 miForest Hill, London, SE232
£1,85008/240.2 miWestbourne Drive, SE232
£2,35008/240.2 miStanstead Road, London, SE232
£1,65008/240.2 miWastdale Road Forest Hill SE232
£2,00008/240.21 miStanstead Road, London SE232
£2,00008/240.21 miStanstead Road London SE232
£2,25008/240.21 miStanstead Road, London SE232
£1,80008/240.22 miComo Road, Forest Hill, London, SE232
£2,00002/250.22 mi-2
£1,65009/240.22 mi-2
£1,80008/240.22 miCharlotte Parade, Shipman Road, London, SE232
£2,20009/240.23 miHindsleys Place London SE232
£1,70010/240.23 mi-2
£1,70003/250.23 mi-2
£1,70008/240.23 miStanstead Road, London, SE232
£1,80002/250.23 mi-2
£1,90011/240.24 mi-2
£1,95008/240.24 mi-2
£2,20008/240.25 mi-2
£1,85002/250.25 mi-2
£1,80008/240.26 miPerry Vale, Forest Hill, SE232
£1,85008/240.26 miAndrew Court, 38 Church Rise, London, SE232
£2,00008/240.27 miDevonshire Road, Forest Hill, SE232
£1,55009/240.27 mi-2
£1,70003/250.27 mi-2
£1,55008/240.27 miDevonshire Road, London, SE232
£1,60002/240.27 mi-2
£2,25008/240.27 miBrockley Rise London SE232
£1,80002/240.27 mi-2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £300,000

February 12, 2025

Listed for £350,000

October 1, 2024

Floor Plans

Description

  • Two bedrooms +
  • Second floor +
  • Great transport links +
  • 543 sqr ft +
  • Local amenities +
  • Chain free +
  • EPC D +

Guide price £300,000 - £350,000 A bright and spacious 2nd floor purpose built two bedroom flat located on a highly desirable residential road in Forest Hill boasting a 16ft open plan reception and kitchen.

Additional Information

Council Tax Band: B
Tenure: Share of Freehold

Original length of lease: 999 years
Date lease commences: 01/03/2022
Service charge: Approx: £0 per annum
Ground Rent: Approx: £0 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Forest Hill

020 3835 5504

Next Steps?

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