2 Bed Flat, Single Let, London, SE24 0BZ, £550,000

76 Fawnbrake Avenue, SE24 0BZ, London - 4 months ago

Sold STC

BTL

~68 m²

+8 photos

ValuationFair Value

Sold Prices	£285K - £905K
Sold Prices/m²	£5.8K/m² - £10.6K/m²

Square Metres	~68.11 m²
Price/m²	£8.1K/m²
Value Estimate	£550,898£550,898

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£32,700£32,700
Total Cash In	£170,200£170,200

Cash Out
Rent Range	£1,700 - £3,500£1,700 - £3,500
Rent Estimate	£1,749
Running Costs/mo	£2,089£2,089
Cashflow/mo	£-340£-340
Cashflow/yr	£-4,075£-4,075
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £285K to £905K, average is £522.5K. £5.8K/m² to £10.6K/m², average is £8.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£750.5K	01/21	0.08 mi	100a, Lowden Road, London, Greater London SE24 0BQ	£5,773	130	2	Flat
£550K	11/20	0.13 mi	27b, Fawnbrake Avenue, London, Greater London SE24 0BE	-	-	2	Flat
£493.5K	12/22	0.14 mi	37, Poplar Walk, London, Greater London SE24 0BX	£6,160	80	2	Flat
£505K	01/23	0.14 mi	43, Poplar Walk, London, Greater London SE24 0BX	£6,159	82	2	Flat
£695K	03/21	0.14 mi	7a, Poplar Walk, London, Greater London SE24 0BX	£9,106	76	2	Flat
£520K	06/21	0.14 mi	41, Poplar Walk, London, Greater London SE24 0BX	£6,842	76	2	Flat
£630K	05/21	0.17 mi	23a, Heron Road, London, Greater London SE24 0HZ	£9,560	66	2	Flat
£675K	12/22	0.18 mi	Flat A, 24, Rollscourt Avenue, London, Greater London SE24 0EA	-	-	2	Flat
£475K	02/23	0.18 mi	20a, Herne Hill, London, Greater London SE24 9QT	£9,896	48	2	Flat
£515K	07/23	0.18 mi	20, Herne Hill, London, Greater London SE24 9QT	£8,562	60	2	Flat
£550K	07/23	0.2 mi	158, Herne Hill Road, London, Greater London SE24 0AH	£8,088	68	2	Flat
£500K	11/20	0.21 mi	154, Herne Hill Road, London, Greater London SE24 0AH	£7,355	68	2	Flat
£397.5K	02/21	0.24 mi	First Floor Flat, 291, Shakespeare Road, London, Greater London SE24 0QD	£7,794	51	2	Flat
£500K	03/21	0.25 mi	2, Criterion Mews, London, Greater London SE24 0DN	£7,463	67	2	Flat
£525K	11/22	0.26 mi	94, Herne Hill Road, London, Greater London SE24 0AN	-	-	2	Flat
£487.5K	03/21	0.28 mi	62, Hinton Road, London, Greater London SE24 0HU	£7,031	69	2	Flat
£475K	10/20	0.28 mi	68a, Hinton Road, London, Greater London SE24 0HU	-	-	2	Flat
£645K	11/20	0.29 mi	B, 283, Mayall Road, London, Greater London SE24 0PQ	-	-	2	Flat
£585K	11/22	0.32 mi	19a, Elfindale Road, London, Greater London SE24 9NN	-	-	2	Flat
£385K	06/23	0.32 mi	Flat 42, Rutland Court, Denmark Hill, London, Greater London SE5 8ED	-	-	2	Flat
£360K	06/23	0.32 mi	Flat 55, Rutland Court, Denmark Hill, London, Greater London SE5 8ED	-	-	2	Flat
£410K	11/20	0.34 mi	Flat 2, Pynnersmead, Herne Hill, London, Greater London SE24 9LU	-	-	2	Flat
£600K	02/21	0.35 mi	319, Milkwood Road, London, Greater London SE24 0HA	-	-	2	Flat
£450K	02/23	0.35 mi	82, Casino Avenue, London, Greater London SE24 9PL	£7,258	62	2	Flat
£440.8K	03/23	0.38 mi	55b, Herne Hill Road, London, Greater London SE24 0AX	-	-	2	Flat
£585K	01/23	0.4 mi	49c, Shakespeare Road, London, Greater London SE24 0LA	£10,263	57	2	Flat
£500K	07/21	0.4 mi	33a, Kemerton Road, London, Greater London SE5 9AR	-	-	2	Flat
£319.5K	03/23	0.4 mi	Flat 61, Swinburne Court, Basingdon Way, London, Greater London SE5 8ER	-	-	2	Flat
£680K	05/21	0.42 mi	26, Hurst Street, London, Greater London SE24 0EG	£8,718	78	2	Flat
£407.5K	06/21	0.42 mi	Flat 133, Southwyck House, Moorland Road, London, Greater London SW9 8UR	-	-	2	Flat
£678.8K	01/23	0.43 mi	49c, Beckwith Road, London, Greater London SE24 9LQ	£7,713	88	2	Flat
£645K	10/21	0.43 mi	40, Chaucer Road, London, Greater London SE24 0NU	£6,750	96	2	Flat
£356K	06/21	0.44 mi	Flat 236, Southwyck House, Clarewood Walk, London, Greater London SW9 8TN	-	-	2	Flat
£585K	12/20	0.44 mi	97, Sunray Avenue, London, Greater London SE24 9PT	£10,636	55	2	Flat
£395K	05/21	0.48 mi	Flat 15, Dulwich Mead, Half Moon Lane, London, Greater London SE24 9HS	-	-	2	Flat
£569K	02/21	0.49 mi	45, Dulwich Road, London, Greater London SE24 0NJ	-	-	2	Flat
£450K	03/21	0.49 mi	8, Dylways, London, Greater London SE5 8HR	-	-	2	Flat
£285K	02/21	0.5 mi	Flat 86, Kemble House, Barrington Road, London, Greater London SW9 7EF	-	-	2	Flat
£905K	12/20	0.5 mi	35a, Ardbeg Road, London, Greater London SE24 9JL	£9,945	91	2	Flat
£800K	01/21	0.51 mi	39a, Ardbeg Road, London, Greater London SE24 9JL	£10,390	77	2	Flat
£285K	01/24	0.51 mi	Flat 34, Kettleby House, Barrington Road, London, Greater London SW9 7EG	-	-	2	Flat
£625K	04/23	0.52 mi	96b, Rattray Road, London, Greater London SW2 1BE	£9,313	67	2	Flat
£606.2K	02/21	0.52 mi	Flat A, 41, Rattray Road, London, Greater London SW2 1BA	-	-	2	Flat
£608K	02/21	0.54 mi	39a, Kellett Road, London, Greater London SW2 1EA	-	-	2	Flat
£450K	11/20	0.54 mi	Flat B, 69, Kellett Road, London, Greater London SW2 1EA	£10,000	45	2	Flat
£590K	06/21	0.54 mi	A, 42, Kellett Road, London, Greater London SW2 1ED	-	-	2	Flat
£635K	11/21	0.55 mi	Flat 7, Donne Court, Burbage Road, London, Greater London SE24 9HH	-	-	2	Flat
£580K	06/23	0.55 mi	108a, Dalberg Road, London, Greater London SW2 1AW	-	-	2	Flat
£290K	05/23	0.56 mi	41, Saltoun Road, London, Greater London SW2 1EW	-	-	2	Flat
£705K	01/21	0.57 mi	29a, Dalberg Road, London, Greater London SW2 1AJ	-	-	2	Flat

Local Rents

49 rents from £1.7K/mo to £3.5K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	01/25	0.12 mi	-	2	Flat
£1,890	02/25	0.14 mi	-	2	Flat
£2,250	02/25	0.17 mi	-	2	Flat
£2,250	03/25	0.17 mi	-	2	Flat
£2,500	09/24	0.17 mi	-	2	Flat
£2,500	09/24	0.17 mi	-	2	Flat
£2,500	08/24	0.17 mi	-	2	Flat
£2,200	11/23	0.18 mi	Kestrel Avenue, London, SE24	2	Flat
£2,100	08/24	0.18 mi	Kestrel Avenue, Herne Hill, London, SE24	2	Flat
£2,200	08/24	0.18 mi	Herne Hill London SE24	2	Flat
£2,600	08/24	0.19 mi	Rollscourt Avenue, Herne Hill, London, SE24	2	Flat
£2,250	11/24	0.19 mi	-	2	Flat
£2,350	02/25	0.2 mi	-	2	Flat
£2,350	08/24	0.2 mi	-	2	Flat
£2,500	03/25	0.22 mi	-	2	Flat
£2,600	08/24	0.23 mi	Deerdale Road London SE24	2	Flat
£1,900	12/24	0.23 mi	-	2	Flat
£2,500	11/23	0.24 mi	Shakespeare Road, London, SE24	2	Flat
£1,746	08/24	0.24 mi	Herne Hill, Herne Hill, London	2	Flat
£2,350	08/24	0.25 mi	Shakespeare Road, London, SE24	2	Terraced House
£2,000	01/25	0.26 mi	-	2	Flat
£3,500	11/24	0.27 mi	-	2	Flat
£2,300	08/24	0.28 mi	Elfindale Road, London, SE24	2	Flat
£2,000	09/24	0.31 mi	London, Herne Hill, Brixton, Loughborough Junction, SE24	2	Flat
£2,000	09/24	0.31 mi	-	2	Flat
£1,900	09/24	0.32 mi	Holmdene Avenue, Herne Hill, London, SE24	2	Flat
£1,800	11/23	0.32 mi	Milkwood Road, Herne Hill	2	Flat
£2,100	03/25	0.33 mi	-	2	Flat
£2,200	08/24	0.35 mi	Herne Hill Road, Herne Hill, London, SE24	2	Flat
£2,500	12/24	0.35 mi	Cambria Road London SE5	2	Flat
£2,100	08/24	0.35 mi	Milkwood Road, Herne Hill, London, SE24	2	Flat
£3,375	08/24	0.36 mi	Shakespeare Road, London, SE24	2	Flat
£2,500	01/25	0.36 mi	-	2	Flat
£1,850	12/24	0.36 mi	-	2	Flat
£1,850	02/25	0.36 mi	-	2	Flat
£2,700	12/24	0.36 mi	Bicknell Road, Camberwell, London, SE5	2	Flat
£3,375	08/24	0.37 mi	Node, Brixton, SE24	2	Flat
£1,700	08/24	0.37 mi	-	2	Flat
£1,750	08/24	0.37 mi	-	2	Flat
£2,100	08/24	0.37 mi	Herne Hill Road, London, SE24	2	Flat
£2,300	11/23	0.39 mi	Shakespeare Road, Brixton	2	Flat
£2,100	11/23	0.39 mi	Shakespeare Road, London, SE24	2	Flat
£2,000	10/24	0.39 mi	-	2	Flat
£2,850	12/24	0.4 mi	Denmark Hill, London, SE5	2	Flat
£1,950	03/25	0.4 mi	-	2	Flat
£1,950	12/24	0.4 mi	Basingdon Way Camberwell SE5	2	Flat
£2,000	11/24	0.41 mi	-	2	Flat
£2,300	08/24	0.41 mi	Wyneham Road London SE24	2	Flat
£2,100	08/24	0.41 mi	Wyneham Road, Herne Hill, London, SE24	2	Flat

Local Area Statistics

Population in SE24	18,76118,761
Population in London	4,771,9214,771,921
Town centre distance	4.77 miles away4.77 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £550,000

November 5, 2024

Floor Plans

Description

CHAIN FREE +
TWO BEDROOMS +
PRIVATE SECTION OF THE GARDEN +
ONE RECEPTION ROOM +
LOUGHBOROUGH JUNCTION AND DENMARK HILL WITHIN WALKING DISTANCE +
GREAT LOCAL AMENITIES +
HUGE POTENTIAL +
COUNCIL TAX BAND - C +
EPC - E +
BASEMENT ROOM +

*CHAIN FREE*

This delightful two-bedroom flat, nestled in the highly desirable Herne Hill area, offers spacious and well-designed living throughout. Perfectly situated within walking distance of Loughborough Junction, Herne Hill, and Denmark Hill stations, it boasts excellent transport connections for easy access to the heart of London.

Inside, the flat showcases two generously sized bedrooms, each providing ample space for storage and comfort. The kitchen is practical and well-equipped, with plenty of potential for modern upgrades to create your ideal culinary space. There is also a basement offering extra storage space. Local amenities include independent cafes, restaurants, and green spaces like Milkwood Community Park and Ruskin Park, making it an ideal spot for both professionals and first-time buyers. With its spacious layout and potential for modern improvements, this flat offers a fantastic opportunity for investment.

Early viewings are highly recommended for this property that is sure to generate plenty of interest.

EPC - E Council Tax Band - C 999 year lease SHARE OF FREEHOLD

IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Agent Details

Capital Estate Agents, Bromley

020 3907 9906

Next Steps?

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

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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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