2 Bed Flat, Single Let, London, SE23 3ND, £350,000

Devonshire Road, Forst Hill, SE23 3ND - 5 months ago

Leasehold
BTL
ROI: 1%
~58 m²
+1 photos

ValuationUndervalued

Sold Prices£250K - £620K
Sold Prices/m²£1.7K/m² - £9K/m²

 

 

Square Metres

~57.80 m²
Price/m²£6.1K/m²

Value Estimate

£367,386
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£1,500 - £3,300

Rent Estimate

£1,544

Running Costs/mo

£1,423

Cashflow/mo

£121

Cashflow/yr

£1,457

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £620K, average is £430K. £1.7K/m² to £9K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£464K11/200.03 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£556K12/200.07 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£435K12/200.1 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£350K07/230.11 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£405K03/210.2 mi53, Greystead Road, London, Greater London SE23 3SD2
£485K02/230.22 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£350K12/200.25 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£250K06/210.26 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£312.5K04/230.26 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£492K06/210.28 miGreenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB2
£320K11/200.28 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£373.3K07/230.29 mi172, Grierson Road, London, Greater London SE23 1NU2
£398.5K10/210.29 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£450K08/230.31 mi16, Firs Close, London, Greater London SE23 1BB2
£440K05/230.32 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£445K06/230.32 mi8, Grove Close, London, Greater London SE23 1AS2
£507.8K12/200.33 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£465K12/200.33 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£387.5K12/210.35 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£390K03/230.35 mi20, Honor Oak Rise, London, Greater London SE23 3RA2
£372.5K06/210.37 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£315K09/210.38 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£440K01/230.38 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£540K02/230.38 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£322.5K06/230.39 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£450K06/230.39 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£345K03/230.39 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£340K07/230.41 mi184, Wood Vale, London, Greater London SE23 3EA2
£427.5K08/210.41 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£430K11/210.43 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£290K11/200.44 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£600K12/200.45 mi35b, Marmora Road, London, Greater London SE22 0RX2
£600K09/210.45 mi29b, Marmora Road, London, Greater London SE22 0RX2
£600K03/210.45 mi23b, Marmora Road, London, Greater London SE22 0RX2
£375K09/210.48 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£485K04/210.48 mi65a, Colfe Road, London, Greater London SE23 2ES2
£400K12/200.48 mi76c, Honor Oak Road, London, Greater London SE23 3RR2
£595K06/230.49 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£410K06/210.52 mi34, Therapia Road, London, Greater London SE22 0SE2
£455K07/230.53 mi39a, Codrington Hill, London, Greater London SE23 1LR2
£407.5K06/210.55 miFlat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£440K03/210.55 miFlat 25, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£386.5K11/200.55 miFlat 45, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£430K02/210.55 miFlat 50, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£620K04/210.55 mi107a, Wood Vale, London, Greater London SE23 3DT2
£435K11/200.55 mi71, St German's Road, London, Greater London SE23 1RY2
£376K05/210.55 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£335K04/230.56 mi14, Church Vale, London, Greater London SE23 2UW2
£513.9K07/230.56 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£490K03/230.56 mi114a, Forest Hill Road, London, Greater London SE22 0RS2

Local Rents

47 rents from £1.5K/mo to £3.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,75008/240 miLynfield Court, Devonshire Road, Forest Hill, SE232
£1,65008/240.03 miDevonshire Road, London, SE232
£2,50008/240.09 mi-2
£3,30003/250.09 mi-2
£2,90003/250.09 mi-2
£1,95008/240.09 miChurchwood Gardens, Honor Oak2
£1,70003/250.1 mi-2
£2,20008/240.1 miChurchwood Gardens, Honor Oak2
£2,20008/240.1 miChurchwood Gardens, Forest Hill2
£2,25008/240.11 miChurchwood Gardens, Forest Hill2
£1,65003/250.11 mi-2
£2,20008/240.11 miChurchwood Gardens, Forest Hill, London, SE232
£1,95008/240.11 miChurchwood Gardens, Forest Hill, London, SE232
£2,20008/240.11 miChurchwood Gardens, Forest Hill2
£1,85008/240.14 miDevonshire Road, London, SE232
£2,10008/240.14 miDevonshire Road, Forest Hill, SE232
£1,85008/240.14 miDevonshire Road, London, SE232
£2,20008/240.15 miHonor Oak Road, Honor Oak2
£2,27511/240.19 mi-2
£2,45010/240.19 mi-2
£1,90011/240.19 mi-2
£1,80008/240.2 miThe Manor, Manor Way, London2
£2,00004/250.21 mi-2
£1,74608/240.22 miManor Way, Forest Hill, SE232
£1,95008/240.22 miDevonshire Rd, Honor Oak, London, SE232
£1,70008/240.22 miHonor Oak Road, Forest Hill, London, SE232
£1,82510/240.22 mi-2
£1,55009/240.25 mi-2
£1,70003/250.25 mi-2
£1,55008/240.25 miDevonshire Road, London, SE232
£1,80009/240.25 mi-2
£1,75008/240.26 mi-2
£1,60008/240.26 miDevonshire Road, Forest Hill, SE232
£1,75008/240.27 miNetherby Road 2
£1,82508/240.27 miCanonbie Road London SE232
£2,00008/240.3 miHonor Oak Rise, Honor Oak Park, London, SE232
£1,65008/240.3 miWastdale Road Forest Hill SE232
£1,65008/240.31 miDevonshire Road, Forest Hill, London, SE232
£1,90008/240.31 miWhatman Road, Honor Oak2
£2,05010/240.31 mi-2
£2,35008/240.32 miStanstead Road, London, SE232
£2,00009/240.33 mi-2
£1,85002/240.34 mi-2
£1,50008/240.34 mi-2
£1,85003/250.34 mi-2
£1,50008/240.35 miSunderland Road Forest Hill SE232
£1,80009/240.35 miCanonbie Road 2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £350,000

February 8, 2025

Listed for £375,000

November 15, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Purpose Built +
  • Communal Gardens +
  • Share of Freehold +
  • Close to Stations +
  • Chain Free +

Part of a well-maintained private block, this two-bedroom lower ground floor purpose-built apartment boasts well-proportioned rooms, access to a communal garden, a share of the freehold and is offered chain free.

Devonshire Road is well placed between Honor Oak Park and Forest Hill stations. Both stations provide great links to London Bridge as well as Overground services northwards to Shoreditch and Highbury and Islington and southbound to Crystal Palace and beyond.

Tenure: Leasehold Lease Years Remaining: 983
Service Charge: £1,124 (Yearly)
Council Tax Band: C

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Honor Oak

020 8291 9556

Next Steps?

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