2 Bed Flat, Single Let, London, SE26 6TR, £285,000

Sydenham Hill, London, SE26 6TR - 5 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~66 m²

+7 photos

ValuationUndervalued

Sold Prices	£190K - £1.0M
Sold Prices/m²	£3.5K/m² - £8.7K/m²

Square Metres	~66.40 m²
Price/m²	£4.3K/m²
Value Estimate	£347,700£347,700
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£11,500£11,500
Total Cash In	£82,750£82,750

Cash Out
Rent Range	£1,500 - £3,750£1,500 - £3,750
Rent Estimate	£1,550
Running Costs/mo	£1,221£1,221
Cashflow/mo	£329£329
Cashflow/yr	£3,953£3,953
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £190K to £1.0M, average is £398K. £3.5K/m² to £8.7K/m², average is £6.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	04/21	0.09 mi	21, Oaksford Avenue, London, Greater London SE26 6AR	£7,067	53	2	Flat
£379K	10/20	0.11 mi	Flat 4, Leamington Court, Droitwich Close, London, Greater London SE26 6TN	-	-	2	Flat
£420K	10/20	0.11 mi	Flat 2, Leamington Court, Droitwich Close, London, Greater London SE26 6TN	-	-	2	Flat
£475K	09/23	0.11 mi	Flat 6, Leamington Court, Droitwich Close, London, Greater London SE26 6TN	-	-	2	Flat
£420K	02/21	0.15 mi	23b, Panmure Road, London, Greater London SE26 6NB	£6,501	65	2	Flat
£417.5K	03/21	0.16 mi	Flat 8, Harrogate Court, Droitwich Close, London, Greater London SE26 6TL	-	-	2	Flat
£385K	06/21	0.17 mi	30d, Panmure Road, London, Greater London SE26 6NA	£5,066	76	2	Flat
£270K	09/21	0.23 mi	52, Markwell Close, London, Greater London SE26 6QG	£3,506	77	2	Flat
£525K	07/23	0.24 mi	18, Fransfield Grove, London, Greater London SE26 6BA	£6,563	80	2	Flat
£401K	05/21	0.24 mi	11a, Fransfield Grove, London, Greater London SE26 6BA	£8,680	46	2	Flat
£420K	06/23	0.27 mi	16b, Longton Avenue, Sydenham, London, Greater London SE26 6QZ	£6,000	70	2	Flat
£415K	11/23	0.29 mi	9c, Longton Avenue, Sydenham, London, Greater London SE26 6RA	-	-	2	Flat
£380K	08/23	0.31 mi	Lower Flat, 233, Dartmouth Road, London, Greater London SE26 4QY	-	-	2	Flat
£330K	06/21	0.34 mi	28, Ormanton Road, London, Greater London SE26 6RB	£3,667	90	2	Flat
£190K	11/21	0.36 mi	Flat 35, Homewalk House, Jews Walk, London, Greater London SE26 4NN	-	-	2	Flat
£210K	11/23	0.36 mi	Flat 24, Homewalk House, Jews Walk, London, Greater London SE26 4NN	-	-	2	Flat
£225K	08/21	0.36 mi	Flat 24, Homewalk House, Jews Walk, London, Greater London SE26 4NN	-	-	2	Flat
£570K	01/23	0.4 mi	92, Great Brownings, Dulwich, London, Greater London SE21 7HR	-	-	2	Flat
£435K	11/23	0.42 mi	5, Thakeham Close, London, Greater London SE26 6HN	£5,266	83	2	Flat
£1.0M	06/21	0.42 mi	3, Chestnut Place, London, Greater London SE26 6RW	£5,776	180	2	Flat
£460K	11/20	0.43 mi	14a, Sydenham Park, London, Greater London SE26 4EQ	£6,970	66	2	Flat
£355K	09/21	0.43 mi	223a, Kirkdale, London, Greater London SE26 4QQ	£6,017	59	2	Flat
£432.5K	06/21	0.43 mi	221, Kirkdale, Sydenham, London, Greater London SE26 4QQ	£7,208	60	2	Flat
£450K	02/24	0.44 mi	Flat 1, Mayode House, Round Hill, London, Greater London SE26 4RF	£7,258	62	2	Flat
£435K	10/21	0.44 mi	1a, Charleville Circus, London, Greater London SE26 6NR	£7,164	61	2	Flat
£320K	07/23	0.45 mi	Flat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP	-	-	2	Flat
£500K	01/23	0.45 mi	Flat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH	-	-	2	Flat
£360K	02/21	0.46 mi	96b, Crystal Palace Park Road, London, Greater London SE26 6UP	£5,806	62	2	Flat
£525K	10/23	0.48 mi	64, Peak Hill, London, Greater London SE26 4LR	£6,731	78	2	Flat
£475K	06/21	0.48 mi	40, Peak Hill, London, Greater London SE26 4LR	£5,915	80	2	Flat
£426K	04/21	0.48 mi	24, Sydenham Park Road, London, Greater London SE26 4ED	£6,174	69	2	Flat
£305K	09/21	0.48 mi	28, Wavel Place, London, Greater London SE26 6SF	£6,394	48	2	Flat
£320K	09/21	0.5 mi	Flat 2, Beacon House, Chulsa Road, London, Greater London SE26 6BP	-	-	2	Flat
£450K	05/21	0.51 mi	61, Sydenham Park Road, London, Greater London SE26 4DL	£5,294	85	2	Flat
£375K	03/21	0.53 mi	241, Kirkdale, London, Greater London SE26 4QD	£5,859	64	2	Flat
£410K	01/21	0.53 mi	249, Kirkdale, London, Greater London SE26 4QD	£7,069	58	2	Flat
£420K	12/20	0.53 mi	245a, Kirkdale, London, Greater London SE26 4QD	£6,462	65	2	Flat
£375K	05/21	0.53 mi	Flat 30, Bromleigh Court, Sydenham Hill, London, Greater London SE23 3PW	-	-	2	Flat
£375K	02/21	0.53 mi	Flat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	2	Flat
£293K	06/21	0.53 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£335K	12/20	0.54 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£320K	12/20	0.54 mi	37, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,923	65	2	Flat
£312.5K	03/23	0.54 mi	43, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,596	68	2	Flat
£395K	12/20	0.54 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.54 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£325K	06/21	0.55 mi	Flat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP	-	-	2	Flat
£425K	12/23	0.55 mi	64, Second Floor Flat, Crystal Palace Park Road, London, Greater London SE26 6UN	-	-	2	Flat
£355K	04/21	0.56 mi	141, Dartmouth Road, London, Greater London SE23 3HX	£5,000	71	2	Flat
£450K	06/23	0.57 mi	Flat 34, Raleigh Court, Lymer Avenue, London, Greater London SE19 1LS	-	-	2	Flat
£365K	03/21	0.58 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat

Local Rents

49 rents from £1.5K/mo to £3.8K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	11/24	0.09 mi	-	2	Flat
£1,750	08/24	0.16 mi	-	2	Flat
£1,850	09/24	0.17 mi	Panmure Road London SE26	2	Flat
£3,750	08/24	0.17 mi	Beltwood Park Residences 41 Sydenham Hill, Sydenham, SE26	2	Flat
£3,250	08/24	0.17 mi	Sydenham Hill London SE26	2	Flat
£3,250	08/24	0.17 mi	Sydenham Hill London SE26	2	Flat
£1,650	08/24	0.17 mi	Crescent Wood Road, London, SE26	2	Flat
£2,200	08/24	0.17 mi	-	2	Flat
£2,200	03/25	0.17 mi	-	2	Flat
£2,000	09/24	0.17 mi	-	2	Flat
£3,250	08/24	0.21 mi	Sydenham Hill, Sydenham Hill	2	Flat
£1,750	11/24	0.21 mi	-	2	Flat
£1,675	08/24	0.23 mi	Mill Gardens, London, SE26	2	Flat
£1,800	03/25	0.23 mi	-	2	Flat
£1,800	08/24	0.24 mi	-	2	Flat
£1,800	08/24	0.25 mi	-	2	Flat
£1,800	08/24	0.25 mi	Mill Gardens, London, SE26	2	Flat
£2,000	08/24	0.25 mi	Fransfield Grove, Sydenham, London, SE26	2	Flat
£1,850	08/24	0.27 mi	-	2	Flat
£1,900	03/25	0.27 mi	-	2	Flat
£1,600	08/24	0.29 mi	Kirkdale, Sydenham, London, SE26	2	Flat
£1,650	08/24	0.29 mi	-	2	Flat
£1,800	08/24	0.31 mi	Dartmouth Road London SE26	2	Flat
£1,800	08/24	0.31 mi	Longton Avenue, LONDON	2	Flat
£1,700	03/25	0.33 mi	-	2	Flat
£1,955	08/24	0.34 mi	-	2	House
£1,850	09/24	0.35 mi	-	2	Flat
£2,095	08/24	0.37 mi	Great Brownings, London, SE21	2	Flat
£1,700	08/24	0.38 mi	Kirkdale, Sydenham, SE26	2	Flat
£1,500	08/24	0.38 mi	Kirkdale, Sydenham, SE26	2	Flat
£1,950	08/24	0.39 mi	Westwood Hill London SE26	2	Flat
£1,750	02/24	0.39 mi	-	2	House
£3,500	02/24	0.39 mi	-	2	Detached House
£2,700	08/24	0.39 mi	-	2	House
£1,550	08/24	0.39 mi	Kirkdale, London, SE26	2	Flat
£1,700	08/24	0.4 mi	Westwood Hill, Sydenham SE26	2	Flat
£1,600	08/24	0.41 mi	Dartmouth Road,	2	Flat
£1,600	08/24	0.41 mi	Dartmouth Road, Sydenham, SE26	2	Flat
£2,200	08/24	0.42 mi	Sydenham Hill London SE26	2	Flat
£2,050	03/25	0.42 mi	-	2	Terraced House
£1,850	08/24	0.42 mi	Sydenham,London,SE26 6SH	2	Flat
£1,900	08/24	0.43 mi	-	2	Flat
£1,600	08/24	0.43 mi	Heathedge, Forest Hill, London, SE26	2	Flat
£1,550	08/24	0.43 mi	Heathedge , Sydenham	2	Flat
£2,400	09/24	0.43 mi	-	2	Flat
£2,400	08/24	0.43 mi	Grange Court, London, SE26	2	Flat
£1,875	08/24	0.44 mi	Crystal Palace Park Road, London, SE26	2	Flat
£2,600	01/25	0.44 mi	-	2	Flat
£1,750	08/24	0.44 mi	Sheenewood Sydenham SE26	2	Flat

Local Area Statistics

Population in SE26	28,45528,455
Population in London	4,771,9214,771,921
Town centre distance	6.84 miles away6.84 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.56 miles away0.56 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £285,000

October 21, 2024

Sold for £196,500

2014

Sold for £136,000

2006

Sold for £52,000

2002

Floor Plans

Description

Purpose Built Building +
Ground Floor Apartment +
Two Good Sized Bedrooms +
Balcony Space +
Communal Grounds +
No Onward Chain +
Close to 'Sydenham Wells Park'

Energy Efficiency Rating: D +

A superb value yet sure to be in high demand, two-bedroom apartment, situated within this well maintained purpose built building, which offers a free flowing layout, balcony, and conveniently located in Upper Sydenham.

The accommodation internally sits circa 715sqft/66.4sqm of internal floor space, set on the ground floor of this well maintained building, all of which providing masses of natural light. The layout comprises two evenly sized bedrooms, a well-proportioned bathroom with seperate W/C and a fully fitted kitchen, finally a spacious reception room with access onto your own step-out balcony. The property also benefits from off-street parking.

Please note that due to the high demand expected, all viewings are strictly via appointment only.

Lease length: 94 Years
Ground Rent: £10 pa
Service Charge: £1,200 pa
Council Tax Band: B
Energy Efficiency Rating: D

Agent Details

Acorn, Sydenham

020 8103 5931

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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