2 Bed Flat, Single Let, London, SE13 7FQ, £365,000

221 Venice Corte, Elmira Street, London, SE13 7FQ - 5 views - 5 months ago

Under Offer

Leasehold

BTL

ROI: 3%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£245K - £3.5M
Sold Prices/m²	£4.9K/m² - £11.5K/m²

Square Metres	~68.11 m²
Price/m²	£5.4K/m²
Value Estimate	£448,294£448,294
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£91,250£91,250
Stamp Duty & Legal Fees	£17,900£17,900
Total Cash In	£109,150£109,150

Cash Out
Rent Range	£1,800 - £2,500£1,800 - £2,500
Rent Estimate	£1,838
Running Costs/mo	£1,528£1,528
Cashflow/mo	£310£310
Cashflow/yr	£3,717£3,717
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £245K to £3.5M, average is £444K. £4.9K/m² to £11.5K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	04/21	0.18 mi	Apartment 2, The White Cube, Algernon Road, London, Greater London SE13 7FS	-	-	2	Flat
£335K	11/20	0.18 mi	Flat 56, Century House, Armoury Road, London, Greater London SE8 4LH	-	-	2	Flat
£320K	11/21	0.24 mi	Flat 23, Compass House, Armoury Road, London, Greater London SE8 4LF	-	-	2	Flat
£375.1K	02/23	0.25 mi	Flat 601, Adana Building, Conington Road, London, Greater London SE13 7FD	-	-	2	Flat
£570K	05/21	0.25 mi	81a, Halesworth Road, London, Greater London SE13 7TL	-	-	2	Flat
£600K	10/23	0.27 mi	Ground Floor Flat, 16, Halesworth Road, London, Greater London SE13 7TN	£11,538	52	2	Flat
£365K	03/21	0.28 mi	71, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£332K	04/23	0.28 mi	73 - 99, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£525K	12/20	0.31 mi	36a, Shell Road, London, Greater London SE13 7TW	-	-	2	Flat
£547K	09/23	0.32 mi	First Floor Flat, 39b, Undercliff Road, London, Greater London SE13 7TU	£8,547	64	2	Flat
£360K	05/23	0.33 mi	78, Lewisham Hill, London, Greater London SE13 7EL	£4,932	73	2	Flat
£355K	03/21	0.33 mi	49a, Granville Park, London, Greater London SE13 7DW	£5,000	71	2	Flat
£335K	04/21	0.34 mi	Flat 26, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£359K	05/21	0.34 mi	Flat 18, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£375K	03/21	0.34 mi	Flat 23, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£485K	03/21	0.35 mi	Flat A, 102, Sandrock Road, London, Greater London SE13 7TP	£7,823	62	2	Flat
£475K	12/20	0.36 mi	133b, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£445.4K	01/23	0.37 mi	133a, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£665K	06/23	0.37 mi	77b, Ermine Road, London, Greater London SE13 7JJ	£10,391	64	2	Flat
£245K	02/23	0.37 mi	4a, Marischal Road, London, Greater London SE13 5LG	-	-	2	Flat
£305K	09/23	0.39 mi	14, Curness Street, London, Greater London SE13 6JY	-	-	2	Flat
£489K	01/21	0.43 mi	19b, Slaithwaite Road, London, Greater London SE13 6DJ	£5,147	95	2	Flat
£422K	07/23	0.43 mi	Flat A, 22, Slaithwaite Road, London, Greater London SE13 6DJ	-	-	2	Flat
£455K	01/23	0.45 mi	82c, Tyrwhitt Road, London, Greater London SE4 1QB	-	-	2	Flat
£415.1K	06/21	0.45 mi	46d, Tyrwhitt Road, London, Greater London SE4 1QG	£5,535	75	2	Flat
£535K	05/23	0.47 mi	First Floor Flat, 7, Granville Park, London, Greater London SE13 7DY	£7,230	74	2	Flat
£535K	05/21	0.47 mi	7a, Granville Park, London, Greater London SE13 7DY	-	-	2	Flat
£445K	03/21	0.48 mi	9b, Drake Road, London, Greater London SE4 1QH	£6,544	68	2	Flat
£525K	10/23	0.48 mi	2, Granville Park, London, Greater London SE13 7EA	-	-	2	Flat
£587K	12/20	0.48 mi	Flat 4, Newton House, Granville Park, London, Greater London SE13 7EA	£7,430	79	2	Flat
£445K	10/21	0.51 mi	6a, Ladywell Road, London, Greater London SE13 7UW	-	-	2	Flat
£330K	03/23	0.51 mi	Ground Floor Flat, 39, Courthill Road, London, Greater London SE13 6DN	£6,346	52	2	Flat
£314.6K	08/21	0.51 mi	Flat 29, Chesney House, Mercator Road, London, Greater London SE13 5EJ	-	-	2	Flat
£400K	05/21	0.52 mi	75b, Gilmore Road, London, Greater London SE13 5AB	-	-	2	Flat
£615K	12/21	0.52 mi	11a, Tressillian Road, London, Greater London SE4 1YG	£6,029	102	2	Flat
£695K	09/21	0.54 mi	14b, St Johns Vale, London, Greater London SE8 4EW	£6,881	101	2	Flat
£375K	11/20	0.54 mi	70, Pagoda Gardens, London, Greater London SE3 0UY	£6,696	56	2	Flat
£500K	08/23	0.54 mi	3d, St Johns Vale, London, Greater London SE8 4EA	£7,610	66	2	Flat
£600K	02/21	0.54 mi	Flat C, 44, Tressillian Road, London, Greater London SE4 1YB	£5,875	102	2	Flat
£412.5K	09/23	0.55 mi	25, Algiers Road, London, Greater London SE13 7JD	-	-	2	Flat
£605K	03/23	0.55 mi	119, St Josephs Vale, London, Greater London SE3 0XQ	£10,153	60	2	Flat
£362K	01/24	0.55 mi	134, St Josephs Vale, London, Greater London SE3 0XQ	£6,582	55	2	Flat
£3.5M	02/21	0.55 mi	3, Aberdeen Terrace, Blackheath, London, Greater London SE3 0QX	-	-	2	Flat
£482.5K	12/20	0.56 mi	Flat 8, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£530K	06/21	0.56 mi	Flat 9, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£461.3K	06/21	0.58 mi	61c, Tressillian Road, London, Greater London SE4 1YA	£5,898	78	2	Flat
£443K	07/23	0.58 mi	Flat 12, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.58 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.58 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£430K	11/20	0.6 mi	Flat 1, Hadrian Court, Breakspears Road, London, Greater London SE4 1XP	-	-	2	Flat

Local Rents

50 rents from £1.8K/mo to £2.5K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0 mi	2 Elmira Street, Renaissance, Lewisham, SE13 7FQ	2	Flat
£1,850	08/24	0 mi	Venice Corte, 2 Elmira Street, Lewisham, London, SE13 7FQ	2	Flat
£1,999	04/25	0.01 mi	-	2	Flat
£2,200	08/24	0.01 mi	Cornmill Lane, Lewisham, London	2	Flat
£2,500	08/24	0.01 mi	Sienna Alto, Lewisham, SE13	2	Flat
£2,037	08/24	0.02 mi	Sienna Alto, The Renaissance, Lewisham SE13	2	Flat
£2,100	08/24	0.02 mi	Cornmill Lane Lewisham SE13	2	Flat
£2,167	08/24	0.02 mi	Sienna Alto, The Renaissance, Lewisham SE13	2	Flat
£2,150	08/24	0.02 mi	Sienna Alto, Cornmill Lane, London, SE13	2	Flat
£2,150	12/24	0.02 mi	-	2	Flat
£2,100	02/25	0.02 mi	-	2	Flat
£1,985	02/25	0.02 mi	-	2	Flat
£1,993	03/25	0.02 mi	-	2	Flat
£2,100	08/24	0.02 mi	Cornmill Lane, Lewisham, London, SE13	2	Flat
£1,995	08/24	0.02 mi	-	2	Flat
£2,000	09/24	0.03 mi	-	2	Flat
£2,000	09/24	0.03 mi	-	2	Flat
£2,200	04/25	0.03 mi	-	2	Flat
£1,800	08/24	0.03 mi	-	2	Flat
£2,200	10/24	0.03 mi	-	2	Flat
£2,000	11/24	0.03 mi	-	2	Flat
£1,950	01/25	0.03 mi	-	2	Flat
£1,950	12/24	0.03 mi	-	2	Flat
£2,280	03/25	0.03 mi	-	2	Flat
£2,050	08/24	0.03 mi	Sienna Alto, London, SE13	2	Flat
£2,050	08/24	0.03 mi	Sienna Alto, London, SE13	2	Flat
£2,050	08/24	0.03 mi	-	2	Flat
£2,050	08/24	0.03 mi	-	2	Flat
£1,900	02/25	0.03 mi	-	2	Flat
£2,000	08/24	0.03 mi	Elmira Street, London, SE13	2	Flat
£2,050	08/24	0.03 mi	Elmira Street, London, SE13	2	Flat
£2,400	08/24	0.03 mi	Elmira Street London SE13	2	Flat
£2,000	08/24	0.03 mi	Elmira Street, London, SE13	2	Flat
£2,250	08/24	0.03 mi	Elmira Street, London, SE13	2	Flat
£2,250	10/24	0.03 mi	-	2	Flat
£2,100	08/24	0.03 mi	Venice Corte, Lewisham, SE13 7FT	2	Flat
£2,250	09/24	0.04 mi	-	2	Flat
£2,250	08/24	0.04 mi	Torre Vista, London, SE13	2	Flat
£2,200	08/24	0.04 mi	Elmira Street, Lewisham	2	Flat
£2,400	09/24	0.04 mi	-	2	Flat
£2,123	08/24	0.04 mi	Roma Corte, Elmira Street, Lewisham, SE13	2	Flat
£2,200	04/25	0.04 mi	-	2	Flat
£2,100	03/25	0.04 mi	-	2	Flat
£2,400	08/24	0.04 mi	Roma Corte, Lewisham, SE13	2	Flat
£2,150	08/24	0.04 mi	Elmira Street, Lewisham, London, SE13	2	Flat
£2,100	08/24	0.05 mi	Elmira Street, London, SE13	2	Flat
£2,000	02/24	0.06 mi	-	2	Flat
£2,150	10/24	0.06 mi	-	2	Flat
£2,200	04/25	0.06 mi	-	2	Flat
£1,850	08/24	0.07 mi	-	2	Flat

Local Area Statistics

Population in SE13	40,84840,848
Population in London	4,771,9214,771,921
Town centre distance	5.92 miles away5.92 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.12 miles away0.12 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £365,000

November 12, 2024

Floor Plans

Description

12th floor apartment with stunning views +
Generously sized bedrooms +
2 modern bathrooms +
Close to Lewisham railway station & DLR +
A range of local amenities +
Private balcony +

A stunning 12th-floor apartment nestled within one of Lewisham's most esteemed developments. Enjoy the panoramic views from the height of the 12th floor, allowing natural light to grace the contemporary interiors throughout the day. Boasting two spacious bedrooms and two modern bathrooms, this residence offers a blend of sophistication and comfort.

This meticulously designed apartment features a well-appointed kitchen equipped with modern appliances, complemented by an inviting living space perfect for relaxation and entertainment. With its strategic location, residents have easy access to the vibrant amenities of Lewisham while relishing the tranquillity of this elevated haven.

Perfectly located for the convenience of Lewisham Railway & DLR as well as local amenities and shops. There is also an abundance of shopping facilities with nearby with Lewisham high street being a stones throw away where you will find restaurants, boutique shops and coffee shops.

Tenure - Leasehold
Remaining Lease Length - 114
Ground Rent - £225pa
Service Charge - £2330 approx
Tax Band - C, London Borough Of Lewisham

Agent Details

Franklyn James, Limehouse and Wapping

020 3871 8924

Next Steps?

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

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