2 Bed Flat, Single Let, London, SE20 8PF, £300,000

Chestnut Grove, London, SE20 8PF - 5 months ago

Leasehold
BTL
ROI: 2%
~62 m²
+3 photos

ValuationUndervalued

Sold Prices£165K - £525K
Sold Prices/m²£4.8K/m² - £9.2K/m²

 

 

Square Metres

~61.56 m²
Price/m²£4.9K/m²

Value Estimate

£354,277
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,175 - £2,200

Rent Estimate

£1,356

Running Costs/mo

£1,229

Cashflow/mo

£127

Cashflow/yr

£1,528

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £165K to £525K, average is £342.8K. £4.8K/m² to £9.2K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£230K02/230.11 miFlat 9, Grove Court, Oakfield Road, London, Greater London SE20 8RG2
£300K12/200.15 mi8a, Jasmine Grove, London, Greater London SE20 8JW2
£261K09/210.15 miFlat 14, Roberts Court, Maple Road, London, Greater London SE20 8JJ2
£265K02/230.15 miFlat 5, Roberts Court, Maple Road, London, Greater London SE20 8JJ2
£320K03/210.17 miFlat 3, Howard House, Howard Road, London, Greater London SE20 8HH2
£320K08/210.17 miFlat 1, Howard House, Howard Road, London, Greater London SE20 8HH2
£525K06/210.19 mi16, Maple Road, London, Greater London SE20 8HB2
£395K06/210.2 mi22c, Avington Grove, London, Greater London SE20 8RY2
£320K04/210.21 miFlat 22, Anerley Court, Anerley Park, London, Greater London SE20 8NN2
£297K06/210.21 miFlat 21, Anerley Court, Anerley Park, London, Greater London SE20 8NN2
£355K04/230.26 mi43a, Anerley Park, London, Greater London SE20 8NQ2
£165K03/210.26 miFlat 26, Blakewood Court, Anerley Park, London, Greater London SE20 8NS2
£335.5K06/210.26 miFlat 7, Bettswood Court, Anerley Road, London, Greater London SE20 8EH2
£370K01/210.28 mi46c, High Street, London, Greater London SE20 7HB2
£360K07/210.29 mi190a, Anerley Road, London, Greater London SE20 8TQ2
£237K12/200.32 miFlat 22, Avenue Court, Avenue Road, London, Greater London SE20 7RX2
£510K12/200.33 mi58c, Thicket Road, London, Greater London SE20 8DR2
£405K03/230.33 mi27b, Anerley Park, London, Greater London SE20 8NF2
£255K11/200.36 miFlat 29, Sherborne Court, Elmers End Road, London, Greater London SE20 7SL2
£312K01/210.37 miFlat 18, Melbourne Court, Anerley Road, London, Greater London SE20 8AR2
£350K01/210.37 mi24, Mosslea Road, London, Greater London SE20 7BW2
£496K02/230.38 mi26b, Thicket Road, London, Greater London SE20 8DD2
£365K06/210.38 mi8b, Raleigh Road, London, Greater London SE20 7JB2
£380K04/230.39 mi4, Sycamore Grove, London, Greater London SE20 8BS2
£440K01/230.41 mi4a, Phoenix Road, London, Greater London SE20 7BT2
£310K11/200.42 mi12, Cranleigh Close, London, Greater London SE20 8TW2
£296K08/230.42 miFlat 59, Queen Adelaide Court, Queen Adelaide Road, London, Greater London SE20 7EA2
£290K08/210.43 miFlat 22, Brooklyn, Anerley Road, London, Greater London SE20 8AZ2
£314K01/210.43 miFlat 9, Brooklyn, Anerley Road, London, Greater London SE20 8AZ2
£225K06/210.44 miFlat 59, Queen Adelaide Court, Queen Adelaide Road, London, Greater London SE20 7EA2
£320K03/210.45 mi11b, Worbeck Road, London, Greater London SE20 7SW2
£425K01/210.48 mi6a, Samos Road, Anerley, London, Greater London SE20 7TU2
£400K06/210.48 mi30a, Samos Road, London, Greater London SE20 7TU2
£197.5K11/210.49 mi146d, Anerley Road, London, Greater London SE20 8DL2
£275K08/210.49 miFlat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE2
£272.5K03/210.5 mi62, Selby Road, London, Greater London SE20 8SG2
£450K04/230.51 mi11a, Samos Road, London, Greater London SE20 7UQ2
£400K06/210.51 miFirst Floor Flat, 33, Royston Road, London, Greater London SE20 7QW2
£325K11/200.53 mi104, Orchard Grove, London, Greater London SE20 8DZ2
£400K03/210.53 miFlat 1, Springfield Lodge, Lawrie Park Road, London, Greater London SE26 6DY2
£360K11/210.53 mi177, Ravenscroft Road, Beckenham, Greater London BR3 4TN2
£375K06/210.53 mi23, Bourdon Road, London, Greater London SE20 7SP2
£427.5K05/210.54 mi16a, Tremaine Road, London, Greater London SE20 7TZ2
£333.3K06/210.55 miA, 43, Samos Road, London, Greater London SE20 7TX2
£423.5K08/210.55 mi223, Ravenscroft Road, Beckenham, Greater London BR3 4TE2
£335K11/210.56 miFlat 2, Parcell House, Newlands Park, London, Greater London SE26 5PB2
£370.1K06/210.56 miFlat 1, Coniston Court, Springfield Road, London, Greater London SE26 6HF2
£375K06/210.57 mi87a, Avenue Road, Beckenham, Greater London BR3 4RX2
£425K01/240.57 miFlat 21, Coniston Court, Springfield Road, London, Greater London SE26 6HF2
£410K05/210.57 mi55a, Tremaine Road, London, Greater London SE20 7UA2

Local Rents

50 rents from £1.2K/mo to £2.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70009/240 mi-2
£1,60011/230 miChestnut Grove, Anerley, SE202
£1,99903/250.08 mi-2
£1,79512/240.08 mi-2
£1,79503/250.08 mi-2
£1,45008/240.11 miGrove Court, Oakfield Road, Penge, SE202
£1,55002/250.12 mi-2
£1,70008/240.14 mi-2
£1,85008/240.16 miHoward Road Penge SE202
£1,50008/240.17 mi-2
£1,58003/250.17 mi-2
£1,80009/240.17 miOakfield Road, London, SE202
£2,20002/250.23 mi-2
£1,75008/240.23 mi-2
£1,60008/240.23 miOakfield Road Malcolm Close SE202
£1,55008/240.24 mi-2
£1,30010/240.24 mi-2
£1,90008/240.24 miMaple Road London SE202
£1,50008/240.24 miMaple Road, Anerley, SE202
£1,60008/240.24 mi-2
£1,62504/250.24 mi-2
£1,60008/240.24 miMinden Road, London, SE202
£1,65008/240.25 miAvington Grove London SE202
£1,45011/240.25 mi-2
£2,10009/240.26 mi-2
£2,10008/240.26 miAnerley Park, London, SE202
£1,50008/240.26 miAnerley Station Road, Anerley2
£1,90008/240.26 miAnerley Park Anerley SE202
£1,99511/240.26 mi-2
£1,45008/240.26 mi-2
£1,82508/240.26 miAnerley Road, London, SE202
£1,77508/240.26 miAnerley Park, London, SE202
£1,45008/240.26 mi-2
£1,17508/240.26 miBlakewood Court, Penge2
£1,75008/240.26 miAnerley Road, London, SE202
£1,60008/240.27 miAnerley Station Road, LONDON, SE20 8PT2
£1,55011/230.27 miRidgemount Close, Penge, SE202
£1,45010/240.27 mi-2
£1,90008/240.28 mi-2
£1,95010/240.28 mi-2
£1,70008/240.28 miBlenheim Road, Penge, SE202
£1,65008/240.29 mi63 Croydon Road, London2
£1,70008/240.29 mi63 Croydon Road, London2
£1,75008/240.29 mi63 Croydon Road, London2
£1,30004/250.29 mi-2
£1,80010/240.3 mi-2
£1,87508/240.3 miHigh Street, Penge, SE20 7HB2
£2,00011/240.3 mi-2
£1,60008/240.31 miHigh Street, Penge2
£1,50009/240.31 miMarita Court SE202

Local Area Statistics

Population in SE20

22,821

Population in London

4,771,921

Town centre distance

8.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £300,000

January 31, 2025

Listed for £310,000

November 18, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Ground Floor +
  • Open Plan Kitching/Living +
  • Long Lease +
  • Allocated Parking +
  • Walking Distance To Penge West +
  • Walking Distance To Various Parks +
  • Close To Amenities +

SUMMARY
Barnard Marcus are proud to present this STUNNING Two double bedroom ground floor apartment to the market, offered to the market with no onward chain.

DESCRIPTION
Barnard Marcus are proud to present this Stunning Two Double Bedroom Ground Floor Flat in the heart of Penge. This property consists of; Open Plan Kitching/Living, Two Double Bedrooms and a family bathroom. This property benefits from; Double Glazing, Gas Central Heating, Allocated Parking Space, Long Lease. This property is located within a short walk to Penge West Stations, Penge High Street and various bus stops.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Sydenham

020 3840 3720

Next Steps?

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