2 Bed Flat, Single Let, London, SE27 9AQ, £375,000

45 Ira Court, Norwood Road, London, SE27 9AQ - 1 views - 5 months ago

Leasehold

BTL

ROI: 1%

~57 m²

+6 photos

ValuationUndervalued

Sold Prices	£270.5K - £1.1M
Sold Prices/m²	£3K/m² - £9.4K/m²

Square Metres	~56.58 m²
Price/m²	£6.6K/m²
Value Estimate	£421,868£421,868
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£112,450£112,450

Cash Out
Rent Range	£1,500 - £2,650£1,500 - £2,650
Rent Estimate	£1,556
Running Costs/mo	£1,503£1,503
Cashflow/mo	£53£53
Cashflow/yr	£635£635
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £270.5K to £1.1M, average is £442.8K. £3K/m² to £9.4K/m², average is £7.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£400K	03/23	0.02 mi	Flat 15, William Brown Court, Norwood Road, London, Greater London SE27 9DD	-	-	2	Flat
£360K	03/21	0.02 mi	Flat 18, William Brown Court, Norwood Road, London, Greater London SE27 9DD	-	-	2	Flat
£340K	11/22	0.03 mi	Flat 64, Orford Court, Elmcourt Road, London, Greater London SE27 9DB	-	-	2	Flat
£360K	11/21	0.11 mi	21c, Elmcourt Road, London, Greater London SE27 9BX	-	-	2	Flat
£680K	08/21	0.17 mi	2a, Probyn Road, London, Greater London SW2 3LH	-	-	2	Flat
£270.5K	03/23	0.19 mi	Flat 4, Easton House, York Hill, London, Greater London SE27 0AU	-	-	2	Flat
£360K	03/23	0.23 mi	37b, Thurlow Park Road, London, Greater London SE21 8JP	£6,667	54	2	Flat
£295K	09/20	0.24 mi	68g, Thurlow Park Road, London, Greater London SE21 8HZ	£8,429	35	2	Flat
£417.5K	05/21	0.26 mi	7, Birkbeck Place, London, Greater London SE21 8JU	£8,186	51	2	Flat
£331.5K	06/21	0.26 mi	167b, Knollys Road, London, Greater London SW16 2JP	-	-	2	Flat
£480K	07/23	0.26 mi	57c, Idmiston Road, London, Greater London SE27 9HL	-	-	2	Flat
£503K	02/21	0.27 mi	14a, Mount Villas, London, Greater London SE27 0NU	-	-	2	Flat
£495K	01/21	0.29 mi	7, St Faiths Road, London, Greater London SE21 8JD	-	-	2	Flat
£545K	11/20	0.29 mi	33, Thurlow Hill, London, Greater London SE21 8JW	£4,955	110	2	Flat
£415K	12/20	0.31 mi	8, Thurlow Hill, London, Greater London SE21 8JN	£8,219	50	2	Flat
£545K	06/21	0.31 mi	7a, Bloom Grove, London, Greater London SE27 0HZ	-	-	2	Flat
£545K	04/21	0.35 mi	28a, Romola Road, London, Greater London SE24 9AZ	£8,036	68	2	Flat
£349K	09/21	0.35 mi	28c, Romola Road, London, Greater London SE24 9AZ	-	-	2	Flat
£540K	03/21	0.35 mi	41a, Romola Road, London, Greater London SE24 9BA	-	-	2	Flat
£510K	12/20	0.36 mi	12, Barston Road, London, Greater London SE27 9HE	£9,273	55	2	Flat
£565K	03/21	0.37 mi	9a, Deerbrook Road, London, Greater London SE24 9BE	£9,403	60	2	Flat
£447K	03/23	0.37 mi	9c, Deerbrook Road, London, Greater London SE24 9BE	£8,278	54	2	Flat
£354K	02/21	0.38 mi	Flat A, 315, Norwood Road, London, Greater London SE24 9AQ	-	-	2	Flat
£378K	06/23	0.38 mi	Second Floor Flat At, 84, Broxholm Road, London, Greater London SE27 0BT	-	-	2	Flat
£450K	08/23	0.38 mi	First Floor Flat At, 84, Broxholm Road, London, Greater London SE27 0BT	-	-	2	Flat
£338K	04/21	0.38 mi	7, Friar Mews, London, Greater London SE27 0PU	£6,145	55	2	Flat
£395K	05/21	0.38 mi	Flat 3, Chestnut House, Barston Road, London, Greater London SE27 9HD	-	-	2	Flat
£525K	06/21	0.39 mi	98, Glennie Road, London, Greater London SE27 0LU	£7,394	71	2	Flat
£425K	03/23	0.39 mi	Ground Floor Flat, 112, Norwood Road, London, Greater London SE24 9BB	£2,972	143	2	Flat
£1.1M	04/21	0.41 mi	20, Berwyn Road, London, Greater London SE24 9BD	£5,911	192	2	Flat
£457.5K	06/21	0.42 mi	77, Chestnut Road, London, Greater London SE27 9LD	£8,472	54	2	Flat
£425K	06/21	0.42 mi	91, Chestnut Road, London, Greater London SE27 9LD	£7,456	57	2	Flat
£550K	01/23	0.42 mi	79, Chestnut Road, London, Greater London SE27 9LD	-	-	2	Flat
£457.5K	06/21	0.42 mi	77, Chestnut Road, London, Greater London SE27 9LD	£8,472	54	2	Flat
£725K	04/21	0.45 mi	45a, Deronda Road, London, Greater London SE24 9BQ	-	-	2	Flat
£908K	02/21	0.45 mi	61, Deronda Road, London, Greater London SE24 9BQ	-	-	2	Flat
£325K	04/21	0.45 mi	18, Peabody Hill, London, Greater London SE21 8LD	£5,328	61	2	Flat
£300K	11/22	0.47 mi	62a, Wolfington Road, London, Greater London SE27 0RQ	£3,717	81	2	Flat
£572.5K	02/21	0.47 mi	74, Wolfington Road, London, Greater London SE27 0RQ	£8,545	67	2	Flat
£585K	03/23	0.48 mi	38a, Hitherfield Road, London, Greater London SW16 2LN	-	-	2	Flat
£438.5K	12/20	0.49 mi	Ground Floor Flat, 22, Abbots Park, London, Greater London SW2 3QD	-	-	2	Flat
£350K	08/23	0.49 mi	Flat 10, Thurlow Towers, Knollys Road, London, Greater London SW16 2JY	-	-	2	Flat
£455K	06/21	0.5 mi	55, Thurlestone Road, London, Greater London SE27 0PE	-	-	2	Flat
£355K	09/21	0.5 mi	Flat 19, Cormorant Court, Elmworth Grove, London, Greater London SE21 8RB	-	-	2	Flat
£335K	06/21	0.5 mi	Flat 22, Cormorant Court, Elmworth Grove, London, Greater London SE21 8RB	-	-	2	Flat
£282.5K	11/21	0.51 mi	Flat B, 79, Thurlestone Road, London, Greater London SE27 0PE	£3,979	71	2	Flat
£485K	06/23	0.52 mi	124c, Thurlow Park Road, London, Greater London SE21 8HP	£6,233	78	2	Flat
£550K	04/21	0.52 mi	124b, Thurlow Park Road, London, Greater London SE21 8HP	£6,250	88	2	Flat
£412.5K	10/20	0.53 mi	12c, Park Hall Road, London, Greater London SE21 8DW	-	-	2	Flat
£447.5K	03/21	0.53 mi	114d, Cricklade Avenue, London, Greater London SW2 3HH	£8,606	52	2	Flat

Local Rents

51 rents from £1.5K/mo to £2.6K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	03/25	0.04 mi	-	2	Flat
£1,500	12/24	0.04 mi	-	2	Flat
£2,150	08/24	0.05 mi	-	2	Flat
£2,000	02/25	0.05 mi	-	2	Flat
£1,820	08/24	0.05 mi	Norwood Road, Se27	2	Flat
£1,850	09/24	0.12 mi	-	2	Flat
£1,900	08/24	0.13 mi	Norwood Road, London	2	Flat
£1,850	09/24	0.13 mi	-	2	Flat
£1,850	08/24	0.13 mi	Avenue Park Road, London, SE27	2	Flat
£1,875	03/25	0.14 mi	-	2	Flat
£2,500	09/24	0.15 mi	-	2	Flat
£2,500	02/25	0.15 mi	-	2	Flat
£1,550	08/24	0.15 mi	Station Rise, SE27	2	Flat
£2,195	11/23	0.15 mi	Station Rise, West Norwood , London, SE27	2	Flat
£1,950	09/24	0.18 mi	Knollys Road	2	Flat
£2,100	03/25	0.19 mi	-	2	Flat
£2,075	11/24	0.19 mi	-	2	Flat
£1,950	09/24	0.2 mi	Palace Road, London, SW2	2	Flat
£2,350	09/24	0.21 mi	-	2	Flat
£1,850	09/24	0.22 mi	Knolly's Road, London SW16 2JP	2	Flat
£2,150	11/24	0.22 mi	-	2	Flat
£2,100	08/24	0.22 mi	Lancaster Avenue, London, SE27	2	Flat
£1,850	10/23	0.22 mi	Thurlow Park Road, West Dulwich, SE21	2	Flat
£1,800	09/24	0.23 mi	Norwood Road, West Norwood, London, SE27	2	Flat
£1,800	11/24	0.23 mi	-	2	Flat
£1,800	11/24	0.23 mi	-	2	Flat
£1,850	08/24	0.23 mi	-	2	Flat
£1,850	08/24	0.23 mi	-	2	Flat
£1,900	02/25	0.24 mi	-	2	Flat
£2,000	08/24	0.24 mi	Thurlow Park Road, London, SE21 8JB	2	Flat
£1,700	08/24	0.24 mi	Thurlow Park Road, London, Greater London, SE21	2	Flat
£2,500	12/24	0.24 mi	-	2	Flat
£2,500	12/24	0.24 mi	-	2	Flat
£2,500	01/25	0.24 mi	-	2	Flat
£2,500	03/25	0.24 mi	-	2	Flat
£1,850	09/24	0.24 mi	Tulse Hill, SW2	2	Flat
£2,200	01/25	0.25 mi	-	2	Flat
£2,250	01/25	0.25 mi	-	2	Flat
£1,850	09/24	0.25 mi	Christchurch Rd, Brixton Hill, London, SW2	2	Flat
£2,200	01/25	0.26 mi	-	2	Terraced House
£2,500	10/24	0.26 mi	-	2	Flat
£1,850	09/24	0.26 mi	-	2	Flat
£2,250	09/24	0.27 mi	-	2	Flat
£1,600	08/24	0.27 mi	Chestnut Road, West Norwood	2	Flat
£2,000	01/25	0.27 mi	-	2	Flat
£2,000	09/24	0.27 mi	-	2	Flat
£2,200	11/24	0.29 mi	-	2	Terraced House
£1,800	11/23	0.3 mi	Portal Close, West Norwood, London, SE27	2	House
£2,650	08/24	0.3 mi	Thurlow Hill London SE21	2	Detached House
£2,167	08/24	0.31 mi	Thurlow Hill, London, SE21 8JN	2	Flat
£2,450	08/24	0.31 mi	Thurlow Hill, West Dulwich, London, SE21	2	Flat

Local Area Statistics

Population in SE27	21,35821,358
Population in London	4,771,9214,771,921
Town centre distance	6.25 miles away6.25 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-20%-20%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-4%-4%

Property History

Price changed to £375,000

December 21, 2024

Listed for £400,000

October 23, 2024

Floor Plans

Description

PRICE GUIDE £375,000 - £400,000 +
TWO WELL-PROPORTIONED BEDROOMS +
OPEN-PLAN KITCHEN AND RECEPTION AREA +
WALKING DISTANCE TO HIGH STREET SHOPS +
PRIVATE BALCONY +
PURPOSE BUILT +
OWN PARKING SPACE +
10 MINUTE WALK TO WEST NORWOOD TRAIN STATION +
3 MINUTE WALK TO TULSE HILL TRAIN STATION +
(TIMES ESTIMATED VIA GOOGLE MAPS) +

Welcome to this charming 2-bedroom flat located on Norwood Road. This property boasts a lovely private balcony where you can enjoy your morning cup of tea or unwind after a long day. The open-plan kitchen adds a modern touch to the space, perfect for entertaining guests or simply enjoying a quiet night in.

Situated in West Norwood, this flat offers convenience at your doorstep. Whether you fancy a leisurely stroll in the nearby parks such as Brockwell Park, exploring local cafes and shops, or hopping on a quick train from either West Norwood or Tulse Hill station, this location has great travel links across London.

Don't miss this fantastic opportunity to make this charming flat your home! With its ideal location on Norwood Road, it offers a perfect blend of comfort and convenience—an excellent way for your London living experience.

Lambeth Council
Council Tax Band C £1,658.14 pa
Tenure: Leasehold
Lease Term: 125 years (112 Years remaining)
Lease Commencement Date: 26/05/2011
Service Charge: £3014.00 pa
Ground Rent: £100 pa

The vendor has provided the above information in good faith. Galloways have not yet had this information verified. Any buyer should seek their own independent legal advice before proceeding.

Agent Details

Galloways, West Norwood

020 3870 2926

Next Steps?

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

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