2 Bed Flat, Single Let, London, SE6 1PP, £259,950

18 Scarlet Road, London, Greater London, SE6 1PP - 9 views - 5 months ago

BTL

ROI: 7%

54 m²

+3 photos

ValuationUndervalued

Sold Prices	£225K - £487.5K
Sold Prices/m²	£3.9K/m² - £8.3K/m²

Square Metres	54 m²
Price/m²	£4.8K/m²
Value Estimate	£268,605£268,605
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£64,988£64,988
Stamp Duty & Legal Fees	£9,496£9,496
Total Cash In	£74,484£74,484

Cash Out
Rent Range	£1,600 - £2,300£1,600 - £2,300
Rent Estimate	£1,600
Running Costs/mo	£1,152£1,152
Cashflow/mo	£448£448
Cashflow/yr	£5,372£5,372
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

48 sold prices from £225K to £487.5K, average is £299K. £3.9K/m² to £8.3K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	11/20	0.22 mi	106, Evans Road, London, Greater London SE6 1QQ	£3,906	64	2	Flat
£425K	12/20	0.32 mi	81a, Birkhall Road, London, Greater London SE6 1TD	£6,641	64	2	Flat
£356.5K	08/21	0.36 mi	37a, Hazelbank Road, Catford, London, Greater London SE6 1LN	£6,147	58	2	Flat
£285K	12/23	0.38 mi	51b, Ardoch Road, London, Greater London SE6 1SN	£5,278	54	2	Flat
£235K	07/23	0.39 mi	179b, Broadfield Road, London, Greater London SE6 1TJ	£4,452	53	2	Flat
£372K	10/21	0.4 mi	210a, Wellmeadow Road, Catford, London, Greater London SE6 1HS	-	-	2	Flat
£257.5K	03/23	0.62 mi	Flat 17, Montrose Court, Cumberland Place, London, Greater London SE6 1NA	-	-	2	Flat
£225K	02/23	0.62 mi	Flat 16, Rothesay Court, Cumberland Place, London, Greater London SE6 1NB	-	-	2	Flat
£245K	10/23	0.63 mi	Flat 12, Hamilton Court, Cumberland Place, London, Greater London SE6 1LY	-	-	2	Flat
£247.5K	12/20	0.69 mi	Flat 9, Whitchurch House, Bromley Road, Catford, London, Greater London SE6 2TE	-	-	2	Flat
£350K	01/21	0.7 mi	9a, Callander Road, London, Greater London SE6 2QA	£5,738	61	2	Flat
£335K	07/21	0.7 mi	13, Callander Road, London, Greater London SE6 2QA	£5,403	62	2	Flat
£310K	01/21	0.7 mi	89a, Arran Road, London, Greater London SE6 2LS	£4,627	67	2	Flat
£290K	03/21	0.72 mi	54b, Ardgowan Road, London, Greater London SE6 1UU	£5,179	56	2	Flat
£420K	07/23	0.73 mi	5a, Broadfield Road, London, Greater London SE6 1ND	-	-	2	Flat
£385K	06/21	0.74 mi	Ground Floor Flat, 105, Fordel Road, London, Greater London SE6 1XT	-	-	2	Flat
£275K	03/23	0.75 mi	277, Downham Way, Bromley, Greater London BR1 5EN	£5,189	53	2	Flat
£415K	01/21	0.79 mi	1, Arran Road, London, Greater London SE6 2LT	£3,876	107	2	Flat
£305K	02/21	0.79 mi	145a, Culverley Road, London, Greater London SE6 2JZ	-	-	2	Flat
£360K	06/21	0.81 mi	119a, Bromley Road, Catford, London, Greater London SE6 2NZ	£3,871	93	2	Flat
£338K	01/24	0.81 mi	Ground Floor Flat, 328a, Brownhill Road, London, Greater London SE6 1AX	-	-	2	Flat
£250K	09/23	0.83 mi	17, Arngask Road, London, Greater London SE6 1XY	-	-	2	Flat
£268K	02/23	0.84 mi	211, Sangley Road, London, Greater London SE6 2DY	£4,254	63	2	Flat
£320K	10/21	0.84 mi	212, Southover, Bromley, Greater London BR1 4SE	£3,902	82	2	Flat
£290K	07/23	0.84 mi	Flat 26, Verdant Court, Verdant Lane, London, Greater London SE6 1LE	-	-	2	Flat
£274K	10/20	0.84 mi	294b, Brownhill Road, Catford, London, Greater London SE6 1AU	-	-	2	Flat
£230K	09/21	0.86 mi	263f, Brownhill Road, Catford, London, Greater London SE6 1AE	-	-	2	Flat
£282.5K	05/21	0.87 mi	47b, Ronver Road, London, Greater London SE12 0NR	-	-	2	Flat
£325K	11/20	0.87 mi	Basement Flat, 13, Ronver Road, London, Greater London SE12 0NR	£8,333	39	2	Flat
£450K	03/21	0.89 mi	58a, Bargery Road, London, Greater London SE6 2LN	£5,844	77	2	Flat
£290K	12/23	0.9 mi	322c, Hither Green Lane, London, Greater London SE13 6TS	£7,519	39	2	Flat
£450K	01/23	0.91 mi	43a, Bargery Road, London, Greater London SE6 2LJ	-	-	2	Flat
£295K	12/22	0.91 mi	28, Britton Close, London, Greater London SE6 1AP	£5,408	55	2	Flat
£395K	06/21	0.91 mi	15b, Torridon Road, London, Greater London SE6 1AQ	-	-	2	Flat
£278K	12/20	0.92 mi	57, Sandstone Road, London, Greater London SE12 0UR	£4,088	68	2	Flat
£270K	12/22	0.92 mi	287, Brookehowse Road, London, Greater London SE6 3TS	-	-	2	Flat
£265K	01/23	0.93 mi	89, Dunfield Road, London, Greater London SE6 3RG	£4,015	66	2	Flat
£255K	09/21	0.95 mi	11, Dilhorne Close, London, Greater London SE12 0BL	£3,864	66	2	Flat
£303K	10/23	0.96 mi	138, The Woodlands, Hither Green, London, Greater London SE13 6TX	£4,095	74	2	Flat
£307.5K	05/23	0.96 mi	55a, Wellmeadow Road, Catford, London, Greater London SE13 6TA	-	-	2	Flat
£487.5K	11/20	0.96 mi	65a, Wellmeadow Road, Catford, London, Greater London SE13 6TA	£6,019	81	2	Flat
£295K	07/23	0.97 mi	14, Chinbrook Crescent, London, Greater London SE12 9TJ	£5,545	53	2	Flat
£338.9K	12/22	0.97 mi	82, Sangley Road, London, Greater London SE6 2JP	£4,401	77	2	Flat
£365K	03/21	0.97 mi	148, Sangley Road, London, Greater London SE6 2JP	£5,182	70	2	Flat
£356.4K	09/21	0.97 mi	132, Sangley Road, London, Greater London SE6 2JP	£4,689	76	2	Flat
£260K	05/21	0.99 mi	18, Hope Close, London, Greater London SE12 0BW	£4,974	52	2	Flat
£275K	06/21	0.99 mi	33, Hope Close, London, Greater London SE12 0BW	£4,909	56	2	Flat
£310K	01/23	1 mi	Flat 28, Holm Court, Le May Avenue, London, Greater London SE12 0BD	-	-	2	Flat

Local Rents

28 rents from £1.6K/mo to £2.3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	08/24	0.1 mi	Gilton Road, London SE9	2	Flat
£1,868	02/25	0.11 mi	-	2	Flat
£1,868	02/25	0.11 mi	-	2	Flat
£1,968	04/25	0.11 mi	-	2	Flat
£1,600	08/24	0.11 mi	-	2	Flat
£1,950	12/24	0.18 mi	-	2	Terraced House
£1,680	04/25	0.29 mi	-	2	Terraced House
£1,600	03/24	0.32 mi	Downderry Road Bromley BR1	2	House
£1,750	08/24	0.32 mi	Boundfield Road London SE6	2	Flat
£1,600	08/24	0.34 mi	Bellingham Road, Catford, SE6	2	Flat
£1,800	03/25	0.4 mi	-	2	Flat
£1,900	03/24	0.46 mi	-	2	Terraced House
£2,000	01/25	0.46 mi	-	2	Terraced House
£2,000	03/24	0.46 mi	Northover, Bromley, BR1	2	Terraced House
£1,750	03/24	0.47 mi	Oakridge Road, Bromley, London, BR1	2	Terraced House
£1,685	03/24	0.47 mi	-	2	Semi-Detached House
£1,750	03/24	0.47 mi	-	2	Terraced House
£1,780	04/25	0.48 mi	-	2	Flat
£1,950	04/25	0.5 mi	-	2	Terraced House
£1,750	11/24	0.51 mi	-	2	Flat
£1,750	02/25	0.54 mi	-	2	Flat
£1,700	03/24	0.55 mi	Capstone Road, Bromley, Kent	2	Terraced House
£2,300	08/24	0.55 mi	Minard Road, London, SE6	2	Terraced House
£1,950	04/25	0.6 mi	-	2	Terraced House
£1,775	12/24	0.61 mi	-	2	Terraced House
£1,875	12/24	0.61 mi	-	2	Terraced House
£1,650	08/24	0.61 mi	Cumberland Place, Catford, London, SE6	2	Flat
£1,600	08/24	0.62 mi	The Old Stables, Braidwood Road, Catford, SE6	2	Bungalow

Local Area Statistics

Population in SE6	53,01153,011
Population in London	4,771,9214,771,921
Town centre distance	7.98 miles away7.98 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.83 miles away0.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £259,950

November 14, 2024

Sold for £160,000

2007

Description

TWO BEDROOM FIRST FLOOR FLAT +
TWO DOUBLE BEDROOMS +
SEPARATE LIVING ROOM +
IDEAL FOR FIRST TIME BUY OR BUY TO LET +
DOUBLE GLAZED WHERE STATED +
GAS CENTRAL HEATING +
NO ONWARD CHAIN +

GDT Real Estate is introducing this charming two bedroom first floor flat located on Scarlet Road in London SE6.

This property boasts a spacious living room, two double rooms, and a fitted kitchen complete with a balcony, perfect for enjoying your morning coffee or al fresco dining. The double glazed windows ensure a peaceful environment, while the gas central heating provides warmth and comfort throughout.

Conveniently situated in a sought-after area with no onward chain, this flat is ideal for first time buyers or those looking for a buy to let opportunity. The property is in good condition and offers one bathroom, making it a comfortable and practical living space.

Located in London SE6, this flat is within easy reach of a variety of amenities, including shops, restaurants, and transport links. The nearby area offers a vibrant community atmosphere with plenty of green spaces to explore.

Don't miss out on the chance to view this fantastic property on Scarlet Road. Contact us today to arrange a viewing.

Agent Details

GDT Real Estates, Erith

020 4572 2099

Next Steps?

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

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