2 Bed Flat, Single Let, London, SE22 8NN, £450,000

Highwood Close, East Dulwich, London, SE22 8NN - 6 months ago

Leasehold

BTL

~77 m²

+4 photos

ValuationUndervalued

Sold Prices	£250K - £645K
Sold Prices/m²	£4.8K/m² - £8.9K/m²

Square Metres	~77 m²
Price/m²	£5.8K/m²
Value Estimate	£544,195£544,195
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£36,200£36,200
Total Cash In	£148,700£148,700

Cash Out
Rent Range	£1,550 - £2,800£1,550 - £2,800
Rent Estimate	£1,600
Running Costs/mo	£1,746£1,746
Cashflow/mo	£-146£-146
Cashflow/yr	£-1,755£-1,755
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £250K to £645K, average is £397.5K. £4.8K/m² to £8.9K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£337K	07/21	0.02 mi	Flat 9, Sherwood Court, Highwood Close, London, Greater London SE22 8NL	-	-	2	Flat
£425K	11/20	0.03 mi	559d, Lordship Lane, London, Greater London SE22 8LB	-	-	2	Flat
£460K	10/20	0.05 mi	Flat 14, Ashdown Court, Highwood Close, London, Greater London SE22 8NP	-	-	2	Flat
£325K	06/21	0.17 mi	Flat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP	-	-	2	Flat
£375K	05/21	0.17 mi	Flat 30, Bromleigh Court, Sydenham Hill, London, Greater London SE23 3PW	-	-	2	Flat
£624K	03/21	0.19 mi	43a, Melford Road, London, Greater London SE22 0AQ	£7,429	84	2	Flat
£315K	02/21	0.25 mi	Flat 14, Glennie Court, Lordship Lane, London, Greater London SE22 8NY	-	-	2	Flat
£265K	03/21	0.26 mi	Flat 52, Campbell Court, Lordship Lane, London, Greater London SE22 8NX	-	-	2	Flat
£500K	01/23	0.27 mi	Flat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH	-	-	2	Flat
£620K	04/21	0.28 mi	107a, Wood Vale, London, Greater London SE23 3DT	£8,732	71	2	Flat
£400K	12/20	0.31 mi	76c, Honor Oak Road, London, Greater London SE23 3RR	£6,667	60	2	Flat
£365K	03/21	0.31 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat
£539K	12/20	0.33 mi	Flat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP	-	-	2	Flat
£315K	09/21	0.34 mi	24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS	-	-	2	Flat
£335K	12/20	0.36 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£375K	02/21	0.36 mi	Flat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	2	Flat
£293K	06/21	0.36 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£632.5K	12/20	0.36 mi	73a, Overhill Road, London, Greater London SE22 0PQ	£8,760	72	2	Flat
£395K	12/20	0.41 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.41 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£320K	11/20	0.43 mi	Flat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ	-	-	2	Flat
£355K	01/21	0.44 mi	Flat 34, Cityview Court, Overhill Road, London, Greater London SE22 0PZ	£5,071	70	2	Flat
£545K	01/21	0.49 mi	156b, Dunstans Road, London, Greater London SE22 0ES	-	-	2	Flat
£643K	03/21	0.49 mi	176b, Dunstans Road, London, Greater London SE22 0ES	-	-	2	Flat
£350K	12/20	0.5 mi	38b, Ewelme Road, London, Greater London SE23 3BH	£8,537	41	2	Flat
£485K	02/23	0.5 mi	Ground Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL	-	-	2	Flat
£585K	07/21	0.51 mi	6, Overhill Road, London, Greater London SE22 0PH	£7,500	78	2	Flat
£427.5K	08/21	0.52 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£540K	09/21	0.54 mi	108, Goodrich Road, London, Greater London SE22 0ER	-	-	2	Flat
£340K	07/23	0.54 mi	184, Wood Vale, London, Greater London SE23 3EA	£5,075	67	2	Flat
£495K	01/21	0.56 mi	17, Hillcourt Road, London, Greater London SE22 0PF	£7,500	66	2	Flat
£450K	02/24	0.56 mi	Flat 1, Mayode House, Round Hill, London, Greater London SE26 4RF	£7,258	62	2	Flat
£385K	06/21	0.59 mi	30d, Panmure Road, London, Greater London SE26 6NA	£5,066	76	2	Flat
£312.5K	04/23	0.6 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat
£250K	06/21	0.6 mi	90a, Devonshire Road, London, Greater London SE23 3SX	£4,984	50	2	Flat
£555K	02/21	0.61 mi	95, Dunstans Road, London, Greater London SE22 0HD	£8,043	69	2	Flat
£645K	06/21	0.61 mi	218, Friern Road, London, Greater London SE22 0BB	-	-	2	Flat
£615K	11/20	0.62 mi	99, Dunstans Road, London, Greater London SE22 0HD	£8,913	69	2	Flat
£540K	05/23	0.62 mi	Lower Flat, 112, Dunstans Road, London, Greater London SE22 0HE	-	-	2	Flat
£490K	06/21	0.62 mi	Lower Flat, 112, Dunstans Road, London, Greater London SE22 0HE	-	-	2	Flat
£420K	02/21	0.62 mi	23b, Panmure Road, London, Greater London SE26 6NB	£6,501	65	2	Flat
£375K	01/21	0.63 mi	91a, Goodrich Road, London, Greater London SE22 0EP	£7,813	48	2	Flat
£320K	07/23	0.63 mi	Flat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP	-	-	2	Flat
£405K	03/21	0.64 mi	53, Greystead Road, London, Greater London SE23 3SD	£6,136	66	2	Flat
£355K	04/21	0.64 mi	141, Dartmouth Road, London, Greater London SE23 3HX	£5,000	71	2	Flat
£335K	04/23	0.65 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat
£350K	07/23	0.65 mi	150c, Devonshire Road, London, Greater London SE23 3SZ	£7,674	46	2	Flat
£375K	04/21	0.66 mi	21, Oaksford Avenue, London, Greater London SE26 6AR	£7,067	53	2	Flat
£522.5K	09/21	0.67 mi	19a, Crebor Street, London, Greater London SE22 0HF	-	-	2	Flat
£379K	10/20	0.67 mi	Flat 4, Leamington Court, Droitwich Close, London, Greater London SE26 6TN	-	-	2	Flat

Local Rents

49 rents from £1.6K/mo to £2.8K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	08/24	0.02 mi	Highwood Close, SE22	2	Flat
£2,130	08/24	0.04 mi	Mercia Court, Highwood Close	2	Flat
£2,100	08/24	0.1 mi	Wood Vale London SE23	2	Flat
£1,800	09/24	0.11 mi	-	2	Flat
£2,250	08/24	0.11 mi	Lordship Lane, East Dulwich, London, SE22	2	Flat
£2,800	08/24	0.12 mi	-	2	Flat
£2,700	03/25	0.12 mi	-	2	Detached House
£2,800	08/24	0.12 mi	Lordship Lane, London, SE22	2	Detached House
£2,100	08/24	0.12 mi	Underhill Road East Dulwich SE22	2	Flat
£1,700	08/24	0.14 mi	Streamline Mews, East Dulwich, SE22	2	Flat
£2,300	08/24	0.15 mi	-	2	House
£1,800	08/24	0.17 mi	Sydenham Hill London SE23	2	Flat
£2,200	08/24	0.19 mi	Lordship Lane, London, SE22	2	Flat
£2,200	09/24	0.19 mi	-	2	Flat
£1,800	10/23	0.2 mi	Lordship Lane, East Dulwich	2	Flat
£1,750	08/24	0.2 mi	Dukes Court, Lordship Lane, SE22	2	Flat
£2,250	09/24	0.21 mi	Lordship Lane, East Dulwich, London, SE22	2	Flat
£2,200	08/24	0.25 mi	Underhill Road Dulwich SE22	2	Flat
£2,500	10/24	0.27 mi	-	2	Flat
£2,300	02/25	0.27 mi	-	2	Flat
£1,950	08/24	0.28 mi	59 Wood Vale, London, SE23	2	Flat
£2,100	08/24	0.28 mi	Wood Vale London SE23	2	Flat
£2,100	08/24	0.28 mi	Wood Vale Dulwich SE23	2	Flat
£1,800	09/24	0.29 mi	-	2	Flat
£1,600	08/24	0.3 mi	Eliot Bank, Forest Hill, London, SE23	2	Flat
£1,950	08/24	0.31 mi	Honor Oak Road London SE23	2	Flat
£1,650	02/24	0.31 mi	-	2	House
£1,750	02/25	0.31 mi	-	2	Flat
£2,200	02/25	0.31 mi	-	2	Flat
£1,850	02/25	0.32 mi	-	2	Flat
£1,950	08/24	0.32 mi	Wood Vale, Forest Hill, London, SE23	2	Flat
£1,800	08/24	0.32 mi	-	2	Flat
£1,650	08/24	0.35 mi	Taymount Rise, Forest Hill, London, SE23	2	Flat
£1,600	08/24	0.35 mi	Heathedge, Forest Hill, London, SE26	2	Flat
£1,550	08/24	0.35 mi	Heathedge , Sydenham	2	Flat
£1,750	08/24	0.36 mi	Norman Court, Lordship Lane, London, SE22	2	Flat
£1,650	08/24	0.36 mi	Norman Court, Lordship Lane, London, SE22	2	Flat
£1,650	08/24	0.36 mi	Horniman Drive, Forest Hill, London, SE23	2	Flat
£1,800	08/24	0.36 mi	Taymount Rise, Forest Hill SE23	2	Flat
£2,100	08/24	0.39 mi	-	2	Flat
£2,200	08/24	0.4 mi	Manor Mount, Forest Hill, London, SE23	2	Flat
£2,300	08/24	0.41 mi	Taymount Rise London SE23	2	Flat
£2,400	11/24	0.41 mi	-	2	Flat
£1,900	03/25	0.41 mi	-	2	Flat
£1,600	09/24	0.41 mi	Taymount Grange, Forest Hill, SE23	2	Flat
£1,650	10/24	0.41 mi	-	2	Flat
£1,800	01/25	0.42 mi	-	2	Flat
£2,000	08/24	0.42 mi	Taymount Rise, London, SE23	2	Flat
£2,650	02/25	0.42 mi	-	2	Flat

Local Area Statistics

Population in SE22	29,68729,687
Population in London	4,771,9214,771,921
Town centre distance	6.20 miles away6.20 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+10%+10%

Property History

Price changed to £450,000

March 20, 2025

Listed for £475,000

October 1, 2024

Floor Plans

Description

Two double bedrooms +
Two bathrooms +
Private balcony +
Good condition throughout +
Secure, gated development +
Lift access +
Secure underground allocated parking space +

Stunning, spacious and well-maintained two-bedroom modern apartment with gorgeous leafy views from a private balcony between East Dulwich and Forest Hill.

Boasting over 825 Sq Ft of internal space on the third floor of this 2006-built block – there are two comfortable double bedrooms with an en-suite to the 15-ft principal bedroom. There is a beautifully-bright 19 x 11 ft reception room with an attached kitchen.

Mercia Court is enviably located at the rear of Highwood Close with views over the neighbouring allotments and Dulwich & Sydenham Woods. There are strong transport links into The City and West End from Forest Hill station (0.6 miles) and West Dulwich station (1.2 miles) as well as bus/cycle routes through the neighbouring Dulwich Village, Peckham Rye and Denmark Hill.

There are an array of independent shops, bars and restaurants on London Road and Lordship Lane as well as a choice of great parks and green spaces.

Agent Details

Pedder, East Dulwich

020 3889 1517

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, London, SE22 8NL

£350,000

1 views • a month ago • 60 m²

Under Offer