2 Bed Flat, Single Let, London, SE22 8NN, £400,000

Mercia Court, Highwood Close, London, SE22 8NN - 2 views - 5 months ago

Under Offer
Leasehold
BTL
~68 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,550 - £2,800

Rent Estimate

£1,619

Running Costs/mo

£1,594

Cashflow/mo

£25

Cashflow/yr

£302

ROI

0%

Gross Yield

5%













Local Rents

49 rents from £1.6K/mo to £2.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,13008/240.01 miMercia Court, Highwood Close2
£2,00008/240.02 miHighwood Close, SE222
£2,25008/240.14 miLordship Lane, East Dulwich, London, SE222
£1,80008/240.14 miSydenham Hill London SE232
£1,80009/240.14 mi-2
£2,10008/240.14 miWood Vale London SE232
£2,80008/240.15 mi-2
£2,70003/250.15 mi-2
£2,80008/240.15 miLordship Lane, London, SE222
£2,10008/240.16 miUnderhill Road East Dulwich SE222
£1,70008/240.16 miStreamline Mews, East Dulwich, SE222
£2,30008/240.19 mi-2
£2,20008/240.21 miLordship Lane, London, SE222
£2,20009/240.21 mi-2
£1,75008/240.21 miDukes Court, Lordship Lane, SE222
£1,80010/230.21 miLordship Lane, East Dulwich2
£2,25009/240.23 miLordship Lane, East Dulwich, London, SE222
£2,50010/240.25 mi-2
£2,30002/250.25 mi-2
£2,20008/240.28 miUnderhill Road Dulwich SE222
£1,60008/240.29 miEliot Bank, Forest Hill, London, SE232
£1,80009/240.3 mi-2
£1,95008/240.32 mi59 Wood Vale, London, SE232
£1,95008/240.32 miHonor Oak Road London SE232
£2,10008/240.32 miWood Vale London SE232
£2,10008/240.32 miWood Vale Dulwich SE232
£1,65002/240.33 mi-2
£1,75002/250.33 mi-2
£2,20002/250.33 mi-2
£1,60008/240.33 miHeathedge, Forest Hill, London, SE262
£1,55008/240.33 miHeathedge , Sydenham 2
£1,80008/240.34 mi-2
£1,65008/240.35 miTaymount Rise, Forest Hill, London, SE232
£1,85002/250.35 mi-2
£1,95008/240.36 miWood Vale, Forest Hill, London, SE232
£1,80008/240.36 miTaymount Rise, Forest Hill SE232
£1,75008/240.37 miNorman Court, Lordship Lane, London, SE222
£1,65008/240.37 miNorman Court, Lordship Lane, London, SE222
£1,65008/240.39 miHorniman Drive, Forest Hill, London, SE232
£2,10008/240.39 mi-2
£2,30008/240.4 miTaymount Rise London SE232
£2,40011/240.4 mi-2
£1,60009/240.4 miTaymount Grange, Forest Hill, SE232
£2,00008/240.41 miTaymount Rise, London, SE232
£2,65002/250.41 mi-2
£1,95508/240.41 mi-2
£2,20008/240.42 miManor Mount, Forest Hill, London, SE232
£1,65010/240.42 mi-2
£1,80001/250.43 mi-2

Local Area Statistics

Population in SE22

29,687

Population in London

4,771,921

Town centre distance

6.23 miles away

Nearest school

0.30 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £400,000

November 13, 2024

Sold for £275,000

2012

Sold for £263,000

2006

Floor Plans

Description

A chain-free, two-bedroom, two-bathroom apartment with off-street parking and a private balcony, located within a charming gated development in East Dulwich. This delightful apartment has been freshly repainted throughout, offering a bright and inviting space that is ready for its new owners to move in immediately. The flat features two spacious double bedrooms, one of which includes an ensuite bathroom, alongside a second full bathroom, offering convenience and flexibility for residents. The open-plan living area is filled with natural light, leading out onto a private balcony—a perfect spot for relaxing or enjoying a morning coffee. The modern kitchen is well-equipped and stylishly integrated into the living space, enhancing the apartment’s contemporary feel.

Mercia Court is ideally positioned to take advantage of East Dulwich’s vibrant community amenities. It is just a short walk from a fantastic selection of independent restaurants, local shops, and popular bars, making it ideal for those who enjoy an active, social lifestyle. The picturesque Dulwich Park is nearby, providing beautiful green space for outdoor activities, while rail connections from Forest Hill (Overground) and West Dulwich stations offer easy access to central London and beyond.

INFORMATION AND SERVICES

Tenure: Leasehold -Approx 138 years remaining

Service Charge: Approx £3000 pa

Ground Rent: Approx £300pa

EPC: D

Council Tax Band: D

LOCAL AUTHORITIES: London Borough of Southwark

Services: Mains water and gas, electricity.

Fixtures & Fittings: Curtains, fixtures and fittings not mentioned in these particulars are not included. Various items may be available by separate negotiation.

Viewing: By appointment via Truepenny’s.

Truepenny’s Property Consultants Ltd. for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord or Truepenny’s Property Consultants Ltd., (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the landlord does not make or give either Truepenny’s Property Consultants or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property.

Agent Details

Truepenny's, Dulwich

020 8693 2277

Next Steps?

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