2 Bed Flat, Potential PLO/LOA, London, SE13 7EQ, £650,000

2 St Austell Road, London, Greater London, SE13 7EQ - 21 views - 5 months ago

Under Offer

Negative Equity

~68 m²

+10 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£9.5K/m²
Value Estimate	£445,907£445,907

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£40,700£40,700
Total Cash In	£203,200£203,200

Cash Out
Rent Range	£1,550 - £2,495£1,550 - £2,495
Rent Estimate	£1,750
Running Costs/mo	£2,401£2,401
Cashflow/mo	£-651£-651
Cashflow/yr	£-7,815£-7,815
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £245K to £3.5M, average is £382.5K. £4.9K/m² to £11.5K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£360K	05/23	0.08 mi	78, Lewisham Hill, London, Greater London SE13 7EL	£4,932	73	2	Flat
£525K	10/23	0.1 mi	2, Granville Park, London, Greater London SE13 7EA	-	-	2	Flat
£587K	12/20	0.1 mi	Flat 4, Newton House, Granville Park, London, Greater London SE13 7EA	£7,430	79	2	Flat
£365K	03/21	0.12 mi	71, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£332K	04/23	0.12 mi	73 - 99, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£535K	05/23	0.14 mi	First Floor Flat, 7, Granville Park, London, Greater London SE13 7DY	£7,230	74	2	Flat
£535K	05/21	0.14 mi	7a, Granville Park, London, Greater London SE13 7DY	-	-	2	Flat
£355K	03/21	0.15 mi	49a, Granville Park, London, Greater London SE13 7DW	£5,000	71	2	Flat
£3.5M	02/21	0.15 mi	3, Aberdeen Terrace, Blackheath, London, Greater London SE3 0QX	-	-	2	Flat
£482.5K	12/20	0.17 mi	Flat 8, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£530K	06/21	0.17 mi	Flat 9, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£375K	11/20	0.18 mi	70, Pagoda Gardens, London, Greater London SE3 0UY	£6,696	56	2	Flat
£605K	03/23	0.24 mi	119, St Josephs Vale, London, Greater London SE3 0XQ	£10,153	60	2	Flat
£362K	01/24	0.24 mi	134, St Josephs Vale, London, Greater London SE3 0XQ	£6,582	55	2	Flat
£443K	07/23	0.24 mi	Flat 12, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.24 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.24 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£375.1K	02/23	0.31 mi	Flat 601, Adana Building, Conington Road, London, Greater London SE13 7FD	-	-	2	Flat
£375K	03/21	0.33 mi	61, Baizdon Road, London, Greater London SE3 0UN	£6,012	62	2	Flat
£310K	11/20	0.33 mi	57, Baizdon Road, London, Greater London SE3 0UN	£4,963	62	2	Flat
£370K	11/20	0.33 mi	67, Baizdon Road, London, Greater London SE3 0UN	£5,968	62	2	Flat
£390K	09/23	0.33 mi	69, Baizdon Road, London, Greater London SE3 0UN	£7,443	52	2	Flat
£335K	11/20	0.34 mi	Flat 56, Century House, Armoury Road, London, Greater London SE8 4LH	-	-	2	Flat
£360K	05/23	0.35 mi	36, Allison Close, London, Greater London SE10 8AZ	-	-	2	Flat
£415K	06/21	0.35 mi	31, Allison Close, London, Greater London SE10 8AZ	£6,547	63	2	Flat
£320K	11/21	0.37 mi	Flat 23, Compass House, Armoury Road, London, Greater London SE8 4LF	-	-	2	Flat
£245K	02/23	0.38 mi	4a, Marischal Road, London, Greater London SE13 5LG	-	-	2	Flat
£385K	04/21	0.39 mi	147, Baizdon Road, London, Greater London SE3 0UL	-	-	2	Flat
£485K	02/23	0.39 mi	14, Point Close, Greenwich, London, Greater London SE10 8QS	£6,736	72	2	Flat
£363.5K	12/23	0.41 mi	72, Baizdon Road, London, Greater London SE3 0UQ	£5,770	63	2	Flat
£350K	02/23	0.42 mi	88, Baizdon Road, London, Greater London SE3 0UQ	-	-	2	Flat
£415K	03/21	0.44 mi	13, Glebe Court, London, Greater London SE3 9TH	£7,281	57	2	Flat
£314.6K	08/21	0.46 mi	Flat 29, Chesney House, Mercator Road, London, Greater London SE13 5EJ	-	-	2	Flat
£633K	09/23	0.48 mi	11a, The Glebe, London, Greater London SE3 9TQ	£8,013	79	2	Flat
£380K	04/21	0.51 mi	Apartment 2, The White Cube, Algernon Road, London, Greater London SE13 7FS	-	-	2	Flat
£540.5K	11/23	0.51 mi	14a, Church Terrace, London, Greater London SE13 5BT	£5,630	96	2	Flat
£625K	03/23	0.51 mi	14c, Church Terrace, London, Greater London SE13 5BT	£6,010	104	2	Flat
£675K	06/21	0.52 mi	Flat 4, Goffers House, Duke Humphrey Road, London, Greater London SE3 0TT	-	-	2	Flat
£435K	04/23	0.54 mi	3, Dacre Place, London, Greater London SE13 5DJ	£7,909	55	2	Flat
£503.5K	07/23	0.55 mi	131a, Greenwich South Street, London, Greater London SE10 8NX	-	-	2	Flat
£345K	10/23	0.55 mi	11, Prendergast Road, London, Greater London SE3 9LR	£5,750	60	2	Flat
£400K	05/21	0.56 mi	75b, Gilmore Road, London, Greater London SE13 5AB	-	-	2	Flat
£335K	04/21	0.56 mi	Flat 26, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£359K	05/21	0.56 mi	Flat 18, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£375K	03/21	0.56 mi	Flat 23, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£650K	12/20	0.56 mi	55, Belmont Park, London, Greater London SE13 5BW	£7,222	90	2	Flat
£337K	02/21	0.57 mi	17, Eton Grove, London, Greater London SE13 5BY	£5,912	57	2	Flat
£380K	12/20	0.58 mi	45, Prendergast Road, London, Greater London SE3 9LS	£6,230	61	2	Flat
£600K	10/23	0.58 mi	Ground Floor Flat, 16, Halesworth Road, London, Greater London SE13 7TN	£11,538	52	2	Flat
£324K	12/20	0.59 mi	11, Celestial Gardens, Lewisham, London, Greater London SE13 5RP	£6,022	54	2	Flat

Local Rents

51 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	08/24	0.05 mi	Eliot Hill Lewisham SE13	2	Flat
£2,495	02/24	0.05 mi	-	2	Flat
£2,295	02/25	0.05 mi	-	2	Flat
£2,000	09/24	0.08 mi	-	2	Flat
£2,000	04/25	0.08 mi	-	2	Flat
£2,000	08/24	0.09 mi	Eliot Park, London	2	Flat
£1,800	11/24	0.09 mi	-	2	Flat
£1,600	02/24	0.1 mi	-	2	Flat
£1,800	03/25	0.1 mi	-	2	Flat
£2,100	09/24	0.1 mi	Granville Park Lewisham SE13	2	Flat
£2,100	09/24	0.1 mi	Granville Park Lewisham SE13	2	Flat
£2,200	08/24	0.11 mi	Granville Park, London, SE13	2	Flat
£2,000	08/24	0.11 mi	Granville Park, Lewisham, London, SE13	2	Flat
£1,750	08/24	0.12 mi	Granville Park, London, SE13	2	Flat
£1,800	08/24	0.12 mi	Granville Park, London, SE13	2	Flat
£1,900	08/24	0.12 mi	Granville Park, SE13	2	Flat
£2,000	08/24	0.12 mi	Granville Park Lewisham SE13	2	Flat
£2,200	08/24	0.13 mi	Granville Park, Lewisham, London, SE13	2	Flat
£1,900	08/24	0.14 mi	Granville Park, London, SE13	2	Flat
£1,895	08/24	0.14 mi	-	2	House
£1,950	08/24	0.15 mi	Granville Park Lewisham SE13	2	Flat
£1,750	08/24	0.16 mi	Blackheath Rise, Lewisham, London, SE13	2	Flat
£1,900	04/25	0.16 mi	-	2	Flat
£2,300	03/25	0.16 mi	-	2	Flat
£1,550	02/25	0.17 mi	-	2	Flat
£1,550	04/25	0.17 mi	-	2	Flat
£2,000	12/24	0.18 mi	-	2	Flat
£2,000	12/24	0.18 mi	Blackheath, London, SE3	2	Flat
£1,900	04/25	0.18 mi	-	2	Flat
£1,995	01/25	0.19 mi	-	2	Flat
£1,950	08/24	0.21 mi	Wat Tyler Road, London, SE10	2	Flat
£1,950	08/24	0.21 mi	-	2	Flat
£2,200	08/24	0.23 mi	Dartmouth Grove, Lewisham, London, SE10	2	Flat
£2,200	09/24	0.23 mi	Dartmouth Grove, Blackheath, London, SE10	2	Flat
£2,200	01/25	0.23 mi	-	2	Flat
£2,000	03/25	0.24 mi	-	2	Flat
£2,000	04/25	0.24 mi	-	2	Flat
£1,998	08/24	0.24 mi	Morden Hill, Lewisham	2	Flat
£1,795	09/24	0.24 mi	-	2	Flat
£2,000	02/25	0.24 mi	-	2	Flat
£1,745	03/25	0.24 mi	-	2	Flat
£1,800	08/24	0.24 mi	Dartmouth Grove Greenwich SE10	2	Flat
£1,750	08/24	0.24 mi	Dartmouth Court Dartmouth Grove, London, SE10	2	Flat
£1,950	08/24	0.24 mi	-	2	Flat
£2,200	02/24	0.24 mi	-	2	Flat
£1,800	08/24	0.25 mi	The Orchard Blackheath SE3	2	Flat
£2,400	08/24	0.26 mi	Dartmouth Row, Greenwich, London, SE10	2	Flat
£2,300	08/24	0.26 mi	Brick Kiln One, Station Road, London, SE13	2	Flat
£2,000	12/24	0.26 mi	-	2	Flat
£2,350	08/24	0.27 mi	Station Road, London, SE13	2	Flat
£2,315	08/24	0.27 mi	Station Road, London, SE13	2	Flat

Local Area Statistics

Population in SE13	40,84840,848
Population in London	4,771,9214,771,921
Town centre distance	5.96 miles away5.96 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.30 miles away0.30 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 £650,000

-74%

November 12, 2024

Sold for £1,850,000

2018

Floor Plans

Description

Two double bedrooms +
Beautifully finished +
Stylish kitchen +
Herringbone flooring +
Period conversion +
Fantastic location +

Guide Price £650,000 - £700,000
Tucked away on a residential street leading directly onto the Heath, this beautifully presented two bedroom conversion flat occupies the first floor of an Edwardian house. This uniquely spacious property has been completely renovated by the current owners to the highest of standards, whilst retaining much of the period charm.

You enter into a wide hall with attractive herringbone Amtico flooring that runs through to the kitchen. The bespoke kitchen is fitted with stylish sage green units, quartz countertops and integrated appliances. The generously sized living room enjoys an abundance of natural light from its south facing aspect. This beautifully presented room boasts high ceilings, an original fireplace, built-in cabinetry and a large bay window. There are two impressive double bedrooms, one of which features a turret window and the other, built-in wardrobes and a fireplace. The luxurious bathroom has been decorated to the highest standard with marble tiling throughout and Lefroy Brooks bathroom fittings. This spacious room offers a freestanding bath, walk-in shower and benefits from a separate WC. Two large walk-in store cupboards are situated at either end of the hallway. One is currently used as a utility cupboard and the second has been converted into a stylish boot room.

The current owners have renewed the flooring throughout the property and upgraded the plumbing, installing column radiators and a newly fitted boiler. The property benefits from double glazing throughout and ample storage space.

Situation

St Austell Road is set within a very popular pocket of town, ideally located for access to both Blackheath and Lewisham. This would allow the new owners to take advantage of the excellent transport links at Lewisham Station which includes the DLR service travelling directly into Bank and Canary Wharf, or the over ground service into London Bridge, Charing Cross, Cannon Street and Victoria. Lewisham has been subject to a huge regeneration programme in recent years and now offers some excellent amenities including gymnasium, swimming pool and vibrant social scene. Blackheath Village is just a stroll along the heath to the east and offers an array of shops, cafés, pubs and restaurants with a genuine village feel.

Agent Details

Hamptons, Blackheath

020 3910 6626

Next Steps?

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