2 Bed Flat, Single Let, London, SE19 3QL, £280,000

Hermitage Road, London, SE19 3QL - 1 views - 6 months ago

Leasehold
BTL
ROI: 4%
~71 m²
+8 photos

ValuationUndervalued

Sold Prices£150K - £1.1M
Sold Prices/m²£2.7K/m² - £8.3K/m²

 

 

Square Metres

~70.61 m²
Price/m²£4K/m²

Value Estimate

£344,400
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£1,395 - £1,650,380

Rent Estimate

£1,488

Running Costs/mo

£1,193

Cashflow/mo

£295

Cashflow/yr

£3,545

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £1.1M, average is £351.5K. £2.7K/m² to £8.3K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£385K01/210.24 mi4a, Hermitage Road, London, Greater London SE19 3QR2
£270K02/230.28 mi7, Founders Gardens, Upper Norwood, London, Greater London SE19 3UU2
£400K07/210.29 mi14, New Green Place, London, Greater London SE19 1AT2
£400K01/210.29 mi13, New Green Place, London, Greater London SE19 1AT2
£440K10/210.3 mi48, Victoria Crescent, London, Greater London SE19 1AE2
£290K04/210.33 mi98, Priory Crescent, London, Greater London SE19 3EF2
£540K11/200.33 mi8b, Lunham Road, London, Greater London SE19 1AA2
£625K04/210.34 mi35, Whiteley Road, London, Greater London SE19 1JU2
£380K06/230.34 mi55b, Whiteley Road, London, Greater London SE19 1JU2
£265K03/230.34 mi28, Priory Crescent, London, Greater London SE19 3EE2
£300K06/210.35 miFlat 18, Compton Court, Victoria Crescent, London, Greater London SE19 1AF2
£315K08/210.36 miFlat 10, Compton Court, Victoria Crescent, London, Greater London SE19 1AF2
£315K08/210.36 miFlat 10, Compton Court, Victoria Crescent, London, Greater London SE19 1AF2
£250K07/210.36 mi8, Menlo Gardens, London, Greater London SE19 3DU2
£310K03/210.36 miFlat 11, Longmead House, Woodvale Walk, London, Greater London SE27 0HE2
£150K05/230.38 mi216, Beulah Hill, London, Greater London SE19 3UX2
£321.6K02/230.38 mi145, Menlo Gardens, London, Greater London SE19 3DX2
£355K07/210.4 miFlat 59, Highlands Court, Highland Road, London, Greater London SE19 1DS2
£520K05/210.4 mi37, Alexandra Drive, London, Greater London SE19 1AW2
£353K07/210.4 mi48, Queen Mary Road, Upper Norwood, London, Greater London SE19 3NW2
£380K02/210.4 miFlat 42, Highlands Court, Highland Road, London, Greater London SE19 1DS2
£305K11/210.4 mi68, The Woodlands, London, Greater London SE19 3EH2
£305K11/210.4 mi68, The Woodlands, London, Greater London SE19 3EH2
£300K02/210.41 miFlat 14, South View Court, The Woodlands, London, Greater London SE19 3EJ2
£400K11/210.42 miFlat 15, Highlands Court, Highland Road, London, Greater London SE19 1DR2
£387.5K04/210.42 miFlat 4, Highlands Court, Highland Road, London, Greater London SE19 1DR2
£275K01/230.43 mi65, Highfield Hill, London, Greater London SE19 3PT2
£250.5K03/230.45 mi91, Marston Way, London, Greater London SE19 3JD2
£335K03/210.45 mi24, Spurgeon Road, London, Greater London SE19 3UF2
£1.1M01/210.46 mi26, Gipsy Hill, London, Greater London SE19 1NL2
£385K03/210.47 mi33, Eskmont Ridge, London, Greater London SE19 3PZ2
£375K01/210.47 mi44, Eskmont Ridge, London, Greater London SE19 3PZ2
£405K07/230.48 miFirst Floor Flat, 180, Gipsy Road, London, Greater London SE27 9RE2
£360K06/210.49 mi69, Furneaux Avenue, London, Greater London SE27 0EQ2
£600K01/230.52 mi6a, Woodland Hill, London, Greater London SE19 1NY2
£546K05/230.52 miFirst Floor Flat, 85, Gipsy Hill, London, Greater London SE19 1QL2
£275K01/230.52 mi5, Elder Gardens, London, Greater London SE27 9TJ2
£430K10/200.54 miUpper Flat, 20, Rommany Road, London, Greater London SE27 9PX2
£347K11/210.55 mi7e, St Aubyns Road, London, Greater London SE19 3AD2
£472K10/200.55 mi211a, Gipsy Road, London, Greater London SE27 9QY2
£390K08/230.56 miFlat 3, Hillview Court, Oaks Avenue, London, Greater London SE19 1QX2
£300K04/210.57 mi15a, Gipsy Road, London, Greater London SE27 9NP2
£367.7K07/230.57 miFlat 3, Oakdene, Oaks Avenue, London, Greater London SE19 1RB2
£343K12/200.58 mi13, Homelands Drive, London, Greater London SE19 2NU2
£400K12/220.58 miFirst Floor Flat, 169, Knights Hill, London, Greater London SE27 0PZ2
£340K10/210.58 mi7b, St Aubyns Road, London, Greater London SE19 3AD2
£350K04/210.58 mi8b, St Aubyns Road, London, Greater London SE19 3AD2
£320K06/210.59 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£340K10/210.59 mi7b, St Aubyns Road, London, Greater London SE19 3AD2
£345K09/230.59 mi109b, Church Road, London, Greater London SE19 2PR2

Local Rents

50 rents from £1.4K/mo to £1.7M/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,74502/250.08 mi-2
£1,90008/240.1 miCentral Hill, Crystal Palace, SE192
£2,00008/240.13 miCentral Hill London SE192
£1,70008/240.15 miCentral Hill, London, SE192
£1,60008/240.15 mi-2
£1,45008/240.15 mi-2
£1,45003/250.15 mi-2
£1,45003/250.15 mi-2
£1,90002/250.16 mi-2
£1,95011/240.17 mi-2
£1,90011/240.17 mi-2
£1,55008/240.19 miRockmount Road, London, SE192
£2,30008/240.19 miRockmount Road, London, SE192
£1,85008/240.19 miEssex Grove London SE192
£1,55008/240.22 miHigh View Road, London, SE192
£2,30008/240.22 mi-2
£2,30008/240.22 miRockmount Road, Crystal Palace, SE192
£2,10003/250.24 mi-2
£2,00008/240.26 miCentral Hill, London, SE192
£1,60003/250.27 mi-2
£1,80001/250.27 mi-2
£2,00001/250.32 mi-2
£1,95008/240.33 mi-2
£1,85003/250.34 mi-2
£1,90008/240.34 miWhiteley Road, London, SE192
£2,00003/250.35 mi-2
£2,10010/240.35 mi-2
£1,75008/240.35 miCentral Hill, Crystal Palace, London, SE192
£1,90008/240.36 miPRIORY CRESCENT, LONDON, SE19, Upper Norwood, London, SE192
£2,30008/240.37 miHarold Road, Crystal Palace, SE192
£1,70002/250.38 mi-2
£1,90003/250.38 mi-2
£1,70012/240.38 mi-2
£1,65003/250.39 mi-2
£1,65008/240.39 miEllery Road, Crystal Palace, London, SE192
£1,39502/240.4 mi-2
£1,70008/240.4 miAlexandra Drive, Upper Norwood, London, SE192
£1,95003/250.41 mi-2
£1,85008/240.41 miAlexdanra Drive SE192
£1,55003/250.41 mi-2
£1,75008/240.41 miQueen Mary Road, London, SE192
£1,70008/240.42 miHarold Road2
£1,69508/240.42 miHarold Road2
£1,650,38011/230.42 miHighlands Court, Highland Road, Gipsy Hill, London, SE192
£1,50011/230.42 miHighland Road, London, SE192
£1,80008/240.43 miBeulah Hill2
£2,10008/240.43 miBeulah Hill, LONDON2
£1,85002/250.44 mi-2
£1,80003/250.44 mi-2
£1,80003/250.44 mi-2

Local Area Statistics

Population in SE19

27,638

Population in London

4,771,921

Town centre distance

7.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £280,000

January 15, 2025

Listed for £300,000

October 10, 2024

Floor Plans

Description

  • 2 bed flat +
  • Good Sized rooms +
  • Well presented +
  • Close to transport +
  • Chainfree +
  • Sought for location +

A well proportioned, split level two double bedroom flat located within a sought after residential road, situated opposite Norwood Park, providing easy access to amenities and sought after schools such as Rockmount Primary School within Crystal Palace and surrounding areas.

Additional benefits include low service charges, double glazing throughout, separate smart kitchen, and communal gardens.

This property is ideal for first-time buyers, young professionals, or investors seeking a well-connected, contemporary home in a desirable location. This home is one not to be overlooked! This is ideal for those looking to add there own personality and value to a property.

Agent Details

haart, Crystal Palace

020 3869 5067

Next Steps?

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