2 Bed Flat, Single Let, London, SE25 6BE, £265,000

South Norwood Hill, London, SE25 6BE - 2 views - 7 months ago

BTL

ROI: 5%

~62 m²

+6 photos

ValuationUndervalued

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

Square Metres	~61.78 m²
Price/m²	£4.3K/m²
Value Estimate	£327,342£327,342
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£17,700£17,700
Total Cash In	£83,950£83,950

Cash Out
Rent Range	£999 - £2,500£999 - £2,500
Rent Estimate	£1,500
Running Costs/mo	£1,148£1,148
Cashflow/mo	£352£352
Cashflow/yr	£4,223£4,223
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £207.5K to £475K, average is £325K. £3.4K/m² to £8.1K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	12/20	0.08 mi	Flat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£362K	03/21	0.08 mi	Flat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£292.5K	12/20	0.15 mi	25a, Lancaster Road, London, Greater London SE25 4BJ	£6,094	48	2	Flat
£275K	10/20	0.25 mi	Flat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH	-	-	2	Flat
£355K	01/23	0.29 mi	299, Holmesdale Road, London, Greater London SE25 6PR	£5,299	67	2	Flat
£260K	03/23	0.3 mi	94, Whitworth Road, London, Greater London SE25 6XL	-	-	2	Flat
£290K	08/21	0.31 mi	21, Cargreen Road, London, Greater London SE25 5AD	£5,145	56	2	Flat
£315K	02/23	0.33 mi	Flat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN	-	-	2	Flat
£250K	02/21	0.33 mi	14, St Marks Road, London, Greater London SE25 4UH	£3,378	74	2	Flat
£280K	01/23	0.35 mi	269a, Whitehorse Lane, London, Greater London SE25 6UP	£4,912	57	2	Flat
£280K	06/23	0.37 mi	11a, Crowther Road, London, Greater London SE25 5QW	-	-	2	Flat
£207.5K	07/21	0.38 mi	221a, Whitehorse Lane, London, Greater London SE25 6UU	-	-	2	Flat
£330K	08/21	0.41 mi	60a, Crowther Road, London, Greater London SE25 5QP	-	-	2	Flat
£325K	01/21	0.43 mi	98, Albert Road, London, Greater London SE25 4JW	£5,909	55	2	Flat
£300K	11/20	0.46 mi	13, Haysleigh Gardens, London, Greater London SE20 8SS	£6,977	43	2	Flat
£260K	03/21	0.47 mi	Flat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX	-	-	2	Flat
£265K	03/23	0.49 mi	Flat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT	-	-	2	Flat
£365K	01/21	0.49 mi	36, Archer Road, London, Greater London SE25 4JN	£5,794	63	2	Flat
£300K	09/21	0.49 mi	50, Archer Road, London, Greater London SE25 4JN	£5,348	56	2	Flat
£350K	01/21	0.53 mi	115, Harrington Road, London, Greater London SE25 4NP	£6,354	55	2	Flat
£292.5K	04/21	0.53 mi	Flat 11, Kendal House, Derwent Road, London, Greater London SE20 7YR	-	-	2	Flat
£330K	11/20	0.53 mi	Flat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB	-	-	2	Flat
£245K	04/21	0.54 mi	Flat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB	£4,016	61	2	Flat
£328.8K	02/23	0.56 mi	Flat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ	-	-	2	Flat
£367K	05/21	0.59 mi	64a, Enmore Road, London, Greater London SE25 5NG	-	-	2	Flat
£360K	01/21	0.6 mi	4, Ingatestone Road, London, Greater London SE25 4LG	£4,615	78	2	Flat
£285K	01/21	0.6 mi	3, Ingatestone Road, London, Greater London SE25 4LG	£5,377	53	2	Flat
£386K	03/23	0.6 mi	47, Ingatestone Road, London, Greater London SE25 4LG	£5,594	69	2	Flat
£360K	08/23	0.6 mi	34, Ingatestone Road, London, Greater London SE25 4LG	£4,932	73	2	Flat
£240K	07/23	0.6 mi	Flat 13, Impact Court, Stembridge Road, London, Greater London SE20 7UP	-	-	2	Flat
£272.5K	03/21	0.61 mi	62, Selby Road, London, Greater London SE20 8SG	£5,240	52	2	Flat
£290K	06/23	0.62 mi	84, Watson Place, London, Greater London SE25 5FA	£4,394	66	2	Flat
£275K	08/21	0.62 mi	Flat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE	-	-	2	Flat
£415K	02/21	0.65 mi	3a, Stembridge Road, London, Greater London SE20 7UE	£6,484	64	2	Flat
£365K	06/23	0.65 mi	156, Sylvan Road, London, Greater London SE19 2SA	-	-	2	Flat
£280K	08/21	0.66 mi	Flat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW	-	-	2	Flat
£387.5K	01/21	0.66 mi	26, Kitley Gardens, London, Greater London SE19 2RY	£5,536	70	2	Flat
£365K	04/21	0.66 mi	14, Kitley Gardens, London, Greater London SE19 2RY	£5,401	68	2	Flat
£360K	01/21	0.68 mi	24, Sylvan Road, London, Greater London SE19 2RZ	£4,932	73	2	Flat
£297K	10/21	0.68 mi	114, Sylvan Road, London, Greater London SE19 2RZ	-	-	2	Flat
£318K	11/21	0.68 mi	102, Sylvan Road, London, Greater London SE19 2RZ	£4,676	68	2	Flat
£380K	07/23	0.68 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£380K	07/23	0.68 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£410K	05/21	0.68 mi	55a, Tremaine Road, London, Greater London SE20 7UA	-	-	2	Flat
£325K	11/21	0.68 mi	199, Grange Road, London, Greater London SE25 6TG	£4,643	70	2	Flat
£370K	04/21	0.69 mi	85b, Marlow Road, London, Greater London SE20 7XR	£5,286	70	2	Flat
£465K	02/21	0.69 mi	21c, Sylvan Road, London, Greater London SE19 2RU	£6,118	76	2	Flat
£475K	07/23	0.69 mi	45a, Sylvan Road, London, Greater London SE19 2RU	£8,051	59	2	Flat
£310K	11/20	0.69 mi	12, Cranleigh Close, London, Greater London SE20 8TW	£5,741	54	2	Flat
£330K	04/21	0.7 mi	301, Grange Road, London, Greater London SE25 6TD	£4,024	82	2	Flat
£427.5K	05/21	0.71 mi	16a, Tremaine Road, London, Greater London SE20 7TZ	£5,856	73	2	Flat

Local Rents

48 rents from £999/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	08/24	0 mi	-	2	Flat
£1,900	08/24	0.01 mi	-	2	Flat
£1,900	08/24	0.01 mi	-	2	Flat
£1,550	02/24	0.04 mi	-	2	Flat
£1,695	01/25	0.04 mi	-	2	Flat
£1,695	03/25	0.04 mi	-	2	Flat
£1,500	08/24	0.07 mi	-	2	Flat
£1,500	08/24	0.07 mi	-	2	Flat
£1,500	08/24	0.07 mi	-	2	Flat
£1,500	08/24	0.07 mi	-	2	Flat
£1,700	08/24	0.09 mi	Chalfont Road, London, SE25	2	Flat
£1,650	08/24	0.09 mi	-	2	Flat
£1,900	03/25	0.09 mi	-	2	Flat
£1,750	08/24	0.09 mi	Flat 10 Langham Court, 1A Suffolk Road, London, SE25	2	Flat
£1,750	09/24	0.09 mi	Flat 10 Langham Court, 1A Suffolk Road, London, SE25	2	Flat
£2,500	08/24	0.1 mi	Suffolk Road, London, SE25	2	Flat
£1,650	08/24	0.1 mi	Holmesdale Close London SE25	2	Flat
£2,000	04/25	0.11 mi	-	2	Flat
£1,650	08/24	0.11 mi	St. Dunstans Road, London	2	Flat
£1,700	08/24	0.14 mi	-	2	Flat
£1,795	11/23	0.14 mi	Broster Gardens, South Norwood, SE25	2	House
£1,850	08/24	0.14 mi	Broster Gardens London SE25	2	House
£1,450	02/24	0.14 mi	-	2	Flat
£1,500	03/25	0.14 mi	-	2	Flat
£1,850	08/24	0.15 mi	BROSTER GARDENS, LONDON, SE25, South Norwood, London, SE25	2	Terraced House
£1,452	09/24	0.16 mi	High Street, South Norwood, SE25	2	Flat
£1,700	10/24	0.16 mi	-	2	Flat
£1,300	08/24	0.17 mi	High Street London SE25	2	Flat
£1,600	08/24	0.18 mi	Flat B, Oliver Avenue, South Norwood, SE25	2	Flat
£2,000	04/25	0.18 mi	-	2	Flat
£1,850	08/24	0.18 mi	Holmesdale Road, South Norwood	2	Flat
£1,650	02/24	0.19 mi	-	2	Flat
£1,700	08/24	0.19 mi	-	2	Flat
£2,000	09/24	0.19 mi	Lancaster Road London SE25	2	Detached House
£1,550	10/24	0.19 mi	-	2	Flat
£1,750	08/24	0.2 mi	Lancaster Road, London	2	Flat
£1,500	08/24	0.2 mi	Lancaster Road, London, SE25	2	Flat
£1,500	08/24	0.2 mi	Whitworth Road, London, SE25	2	Flat
£1,500	09/24	0.2 mi	-	2	Flat
£1,950	08/24	0.21 mi	-	2	Flat
£1,800	08/24	0.22 mi	Lancaster Road, London, SE25	2	Flat
£1,750	08/24	0.22 mi	Selhurst Road, London, SE25	2	Flat
£1,650	03/25	0.23 mi	-	2	Flat
£1,800	04/25	0.23 mi	-	2	Flat
£1,800	08/24	0.23 mi	-	2	Flat
£1,600	08/24	0.24 mi	76 Whitworth Road, London, SE25	2	Flat
£999	08/24	0.25 mi	Whitworth Road, South Norwood, SE25	2	Flat
£1,600	08/24	0.25 mi	Norwood Junction High Street, London, SE25	2	Flat

Local Area Statistics

Population in SE25	34,49534,495
Population in London	4,771,9214,771,921
Town centre distance	8.88 miles away8.88 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Price changed to £265,000

March 8, 2025

Listed for £275,000

October 2, 2024

Floor Plans

Description

GUIDE PRICE £265,000 - £285,000 +
Two Bedroom Ground Floor Contemporary Purpose Built Flat +
Double Glazing & Electric Heating +
On The South Norwood/Crystal Palace Borders +
Extensive Shared Lawns +
Refitted Bathroom +
Both Bedrooms Have Fitted Wardrobes +
No Onward Chain +
The Crystal Palace Triangle With Its Eclectic Mix of Shops Is Nearby +
Early Viewing Is Advised +

GUIDE PRICE £265,000 - £285,000

A contemporary ground-floor, two-bedroom flat located within the sought-after Dorrington Court development, positioned on the borders of Upper Norwood and Crystal Palace. The property is generously proportioned with a good sized living room facing the front of the property and two spacious bedrooms both with built-in wardrobes. Both the kitchen and bathroom have been refitted to modern standards. Additional benefits include a secure entry phone system, private (unallocated) parking, and the advantage of no onward chain. The popular Crystal Palace Triangle, known for its diverse range of shops, cafes, bars and restaurants is within easy reach. Commuters will appreciate the nearby bus routes and close proximity to Norwood Junction and Crystal Palace stations, offering direct links into London. Early viewing is highly recommended.

Tenure: Share of freehold - 125 years from 25th March 1992 - Service charge: £1,550 per annum - EPC Rating D - Croydon Council Tax Band C - £2,103.91 - Ground Rent: £50.00 per annum - Private parking is available outside the flat - no allocated spaces - Water meter fitted | There is a knotweed programme in place | No Pets Allowed

We carry out best endeavours to make our marketing material accurate and reliable, however they do not form part of any contract and is not to replied upon. 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.

For broadband and mobile phone coverage at the property in question please visit:

Agent Details

Homecastle Estate Agents, South Norwood

020 3856 8341

Next Steps?

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