2 Bed Flat, Single Let, London, SE26 5BA, £325,000

15a Kangley Bridge Road, London, SE26 5BA - 5 months ago

Leasehold
BTL
ROI: 2%
~58 m²
+3 photos

ValuationUndervalued

Sold Prices£200K - £818K
Sold Prices/m²£3.9K/m² - £8.5K/m²

 

 

Square Metres

~58.40 m²
Price/m²£5.6K/m²

Value Estimate

£344,560
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,400 - £2,500

Rent Estimate

£1,484

Running Costs/mo

£1,332

Cashflow/mo

£152

Cashflow/yr

£1,819

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £818K, average is £326.5K. £3.9K/m² to £8.5K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£303K05/230.07 mi20, Ridgewell Close, London, Greater London SE26 5AP2
£320K08/230.14 mi10, Bell Green Lane, London, Greater London SE26 5TB2
£323K07/230.14 mi16, Bell Green Lane, London, Greater London SE26 5TB2
£310K03/210.17 mi12, Porthcawe Road, London, Greater London SE26 5TA2
£315K06/210.18 mi97, Moremead Road, London, Greater London SE6 3LS2
£299K10/210.21 mi168, Meadowview Road, London, Greater London SE6 3NH2
£305K01/210.21 mi114, Moremead Road, London, Greater London SE6 3LT2
£262.5K06/210.24 mi72, Montana Gardens, London, Greater London SE26 5BG2
£270K04/230.24 mi67, Montana Gardens, London, Greater London SE26 5BG2
£276K04/210.28 mi158, Meadowview Road, London, Greater London SE6 3NQ2
£430K09/210.28 miFirst And Second Floor Flat, 23, Champion Road, London, Greater London SE26 4HD2
£335K11/200.3 mi21, Cowdrey Mews, London, Greater London SE6 3AP2
£295K09/210.31 mi60, Meadowview Road, London, Greater London SE6 3NN2
£265K08/230.31 mi46, Meadowview Road, London, Greater London SE6 3NN2
£200K07/230.31 mi36, Meadowview Road, London, Greater London SE6 3NN2
£350K03/230.33 mi25b, Elderton Road, London, Greater London SE26 4EY2
£335K10/210.34 mi17, Meadowview Road, London, Greater London SE6 3NL2
£285K01/210.34 mi43, Meadowview Road, London, Greater London SE6 3NL2
£292K01/240.35 mi101, Meadowview Road, London, Greater London SE6 3NJ2
£250K01/230.35 mi113, Meadowview Road, London, Greater London SE6 3NJ2
£260K06/230.36 mi11, Cowden Street, London, Greater London SE6 3SW2
£416.5K04/210.37 mi29a, Champion Crescent, London, Greater London SE26 4HH2
£265K12/200.38 mi4, Meadow Close, London, Greater London SE6 3NW2
£370K01/240.38 mi18, Meadow Close, London, Greater London SE6 3NW2
£320K09/230.38 mi14, Meadow Close, London, Greater London SE6 3NW2
£400K01/230.43 mi39, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ2
£278K03/210.43 mi35, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ2
£510K10/230.48 mi36, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN2
£526K10/230.48 mi10, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN2
£312K11/200.49 mi97, Swallands Road, London, Greater London SE6 3HG2
£455K09/210.49 mi98, Queenswood Road, London, Greater London SE23 2QS2
£505K12/200.49 mi9, Niederwald Road, London, Greater London SE26 4AD2
£387.5K06/210.5 mi15b, Adamsrill Road, London, Greater London SE26 4AL2
£330K11/230.55 mi79, Broadmead, Bellingham, London, Greater London SE6 3SD2
£478K08/210.57 miGround Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL2
£392.5K09/230.58 mi10c, Rutland Park, London, Greater London SE6 4LH2
£450K12/220.58 mi7a, Rutland Park, London, Greater London SE6 4LH2
£818K02/230.59 mi49, Mayow Road, London, Greater London SE23 2XH2
£252K09/210.61 miFlat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ2
£387K03/230.62 miFlat 12, Dorryn Court, Trewsbury Road, London, Greater London SE26 5DR2
£285K06/210.63 mi54, Tugela Street, London, Greater London SE6 4DG2
£480K06/210.63 mi34, Trewsbury Road, London, Greater London SE26 5DN2
£270K12/220.65 mi287, Brookehowse Road, London, Greater London SE6 3TS2
£500K01/210.66 mi19b, Princethorpe Road, London, Greater London SE26 4PF2
£465K06/210.66 mi13b, Princethorpe Road, London, Greater London SE26 4PF2
£512K03/230.66 miUpper Flat, 31, Princethorpe Road, London, Greater London SE26 4PF2
£242.5K12/200.68 miFlat 16, Rokell House, Beckenham Hill Road, Beckenham, Greater London BR3 1TF2
£507.5K12/200.68 mi71b, Woolstone Road, London, Greater London SE23 2TQ2
£462.5K06/210.69 mi40b, Earlsthorpe Road, London, Greater London SE26 4PD2
£417K12/200.7 miFlat 4, Klinton, Copers Cope Road, Beckenham, Greater London BR3 1NR2

Local Rents

49 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85002/240.07 mi-2
£1,60011/240.15 mi-2
£1,80003/250.15 mi-2
£1,60008/240.18 miWorsley Bridge Road, Sydenham, SE262
£1,70004/250.18 mi-2
£1,65008/240.21 miMeadowview Road, Catford2
£1,73312/240.22 mi-2
£2,05010/240.23 mi-2
£2,05008/240.23 miPurbeck Gardens, London, SE262
£2,25008/240.25 miPurbeck Gardens London SE262
£2,20008/240.25 miPurbeck Gardens, Lower Sydenham, London, SE262
£2,20008/240.25 miPurbeck Gardens, London, SE262
£1,50008/240.25 miWinchfield Road, Sydenham SE262
£2,20008/240.26 miPurbeck Gardens, London, SE262
£2,20008/240.26 miPurbeck Gardens, London, SE262
£2,20008/240.26 miPurbeck Gardens, London, SE262
£1,40011/240.26 mi-2
£2,25001/250.26 mi-2
£2,50010/240.28 mi-2
£2,50010/240.28 mi-2
£2,50012/240.28 mi-2
£1,60011/240.29 mi-2
£1,50009/240.3 miBell Green, Sydenham SE262
£1,80008/240.3 miCowdrey Mews London SE62
£1,97508/240.31 mi-2
£1,70011/240.36 mi-2
£1,55011/240.36 mi-2
£2,15008/240.37 miSunnydene Street, Sydenham, London, SE262
£2,00008/240.37 miSunnydene Street, Sydenham, London, SE262
£2,00008/240.37 miChampion Crescent London SE262
£1,60003/250.38 mi-2
£1,85008/240.4 mi-2
£1,47508/240.41 mi-2
£1,57508/240.43 mi-2
£1,57501/250.43 mi-2
£2,15001/250.44 mi-2
£1,69503/250.45 mi-2
£1,75008/240.48 miAdamsrill Road, London, SE262
£1,75008/240.48 miAdamsrill Road London SE262
£1,80008/240.48 miAdamsrill Road, Forest Hill, London, SE262
£1,75008/240.49 miHazel Grove, London, SE262
£1,75008/240.49 miHazel Grove, Sydenham, SE262
£1,50008/240.49 miSydenham Road London SE262
£2,00002/250.5 mi-2
£1,77503/240.51 miCopers Cope Road, Beckenham, BR32
£1,69808/240.53 miKnighton Park Road London SE262
£1,75011/240.54 mi-2
£1,99508/240.55 mi-2
£2,20008/240.55 miHouston Road, London, SE232

Local Area Statistics

Population in SE26

28,455

Population in London

4,771,921

Town centre distance

7.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+8%

Property History

Listed for £325,000

October 28, 2024

Floor Plans

Description

  • TWO DOUBLE BEDROOM FLAT +
  • CHAIN FREE +
  • GROUND FLOOR +
  • SECTION OF REAR GARDEN +
  • SEPERATE KITCHEN +
  • OFF STREET PARKING +
  • BUILT IN WARDROBES +
  • SPACIOUS BATHROOM +
  • 4 MINUTE WALK TO LOWER SYDENHAM STATION +
  • (ALL WALKING DISTANCES ARE ESTIMATED VIA GOOGLE MAPS) +

This delightful property offers two generously sized double bedrooms, perfect for those seeking comfort and convenience. The flat is chain-free, making it an ideal opportunity for first-time buyers or investors looking to move quickly.

One of the standout features of this property is its private section of the rear garden, providing a tranquil outdoor space to relax or entertain. The flat benefits from gas central heating throughout, ensuring warmth and comfort in every season.

The master bedroom comes equipped with built-in wardrobes, offering ample storage space and enhancing the flat's overall functionality. The spacious bathroom adds to the appeal, providing a comfortable and relaxing environment.

Tenure: Leasehold
Lease Length: 90 Years
Service Charge: 40%
Ground Rent: £250
Lewisham Council Band B £1585.00pa

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.

Safeguarding Your Information
Important information regarding cybercrime. It has come to our attention that computer hackers are seeking to target property transactions to access funds. As we understand it, they will either hack a phone, tablet, or PC, maybe by sending out a random email that mistakenly gets opened, or even whilst opening a website, which gives them access to that machine. The reason for us mentioning this to you is to alert you that once they have gained access, they can monitor email correspondence, without you knowing, throughout a transaction. Then, at a relevant point, e.g., just before the exchange of contracts, they can send an email to a client mirroring that of their solicitor asking for funds to be transferred to a certain bank account. That money then, of course, disappears. Fortunately, we have not had such an instance but, feel it important to highlight the fact that if you do receive an email requesting funds, it is worth checking with the person concerned by phone that it is genuine and the bank details are correct, before sending money. This could, of course, affect other areas of finance beyond the property. Solicitors are starting to highlight this point now, but for safety, we would urge you to be vigilant and check before sending money or passing on any personal details regarding any bank or credit card information.
The Property Misdescriptions Act 1991
These particulars are set out as a general outline in accordance with the Property Misdescriptions Act (1991) only for the guidance of intending purchasers or lessees and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans, and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Gardens, roof terraces, balconies as well as tenure and lease details cannot have their accuracy guaranteed for intending purchasers. Lease details, service charge, ground rent is given as a guide only and should be checked and confirmed by your solicitor. No person in the employment of Galloways has any authority to make any representation or warranty in relation to this property. Purchase prices, rents, or other prices quoted are correct at the date of publication and, unless otherwise stated, exclusive of VAT.
Data Protection
We retain the copyright in all advertising material used to market this Property.
Disclosure of Referral Fees
As well as your obligation to pay Galloway's commission or fees where applicable we may also receive a commission, payment, fee, or other reward or other benefits (known as a Referral Fee) from ancillary service providers for recommending their service to you. We believe you may benefit from using the services of our solicitors, independent financial advisors and surveyors, the Providers, who are known as Lewis Nedas Law, Setfords Solicitors, Emin Read Solicitors, Eternity Home Finance and MAP Surveyors, Reliable Surveyors. Galloways always refer sellers and purchasers to Lewis Nedas Law, Setfords Solicitors, Emin Read Solicitors. It is your decision whether you choose to deal with the named companies. Should you decide to use Lewis Nedas Law, Setfords Solicitors, Emin Read Solicitors, you should know that we would receive a referral fee of £180.00 inc VAT from them for recommending you to them. Galloways routinely refer to all potential purchasers and vendors to Eternity Home Finance. It is your decision whether you choose to deal with Eternity Home Finance. In making that decision, you should know that we receive benefits from Eternity Home Finance. The amount depends on the property value and level of mortgage. A share of this fee is received by Galloways, the details of which are available upon request.
Galloways offer all our customers the opportunity to use the services of MAP surveyors or Reliable Surveyors. It is your decision whether you choose to deal with MAP surveyors or Reliable Surveyors. You should know that Galloways receive a referral fee of £50.00 inc VAT from MAP Surveyors for recommending you to them. You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee. The Referral fee is separate from your obligation to pay our own fees or commission.

Agent Details

Galloways, Penge

020 3897 2965

Next Steps?

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