2 Bed Flat, Single Let, London, SE25 6AB, £350,000

South Norwood Hill, South Norwood, London, SE25 6AB - 5 months ago

Sold STC

BTL

ROI: 1%

~71 m²

+5 photos

ValuationUndervalued

Sold Prices	£207.5K - £640K
Sold Prices/m²	£3.4K/m² - £8.1K/m²

Square Metres	~70.70 m²
Price/m²	£5K/m²
Value Estimate	£376,340£376,340
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,300 - £2,500£1,300 - £2,500
Rent Estimate	£1,451
Running Costs/mo	£1,404£1,404
Cashflow/mo	£47£47
Cashflow/yr	£565£565
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £207.5K to £640K, average is £325K. £3.4K/m² to £8.1K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	12/20	0.11 mi	Flat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£362K	03/21	0.11 mi	Flat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£292.5K	12/20	0.16 mi	25a, Lancaster Road, London, Greater London SE25 4BJ	£6,094	48	2	Flat
£290K	08/21	0.28 mi	21, Cargreen Road, London, Greater London SE25 5AD	£5,145	56	2	Flat
£275K	10/20	0.28 mi	Flat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH	-	-	2	Flat
£355K	01/23	0.29 mi	299, Holmesdale Road, London, Greater London SE25 6PR	£5,299	67	2	Flat
£250K	02/21	0.31 mi	14, St Marks Road, London, Greater London SE25 4UH	£3,378	74	2	Flat
£260K	03/23	0.32 mi	94, Whitworth Road, London, Greater London SE25 6XL	-	-	2	Flat
£280K	06/23	0.34 mi	11a, Crowther Road, London, Greater London SE25 5QW	-	-	2	Flat
£315K	02/23	0.35 mi	Flat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN	-	-	2	Flat
£280K	01/23	0.37 mi	269a, Whitehorse Lane, London, Greater London SE25 6UP	£4,912	57	2	Flat
£330K	08/21	0.38 mi	60a, Crowther Road, London, Greater London SE25 5QP	-	-	2	Flat
£207.5K	07/21	0.4 mi	221a, Whitehorse Lane, London, Greater London SE25 6UU	-	-	2	Flat
£325K	01/21	0.41 mi	98, Albert Road, London, Greater London SE25 4JW	£5,909	55	2	Flat
£365K	01/21	0.46 mi	36, Archer Road, London, Greater London SE25 4JN	£5,794	63	2	Flat
£300K	09/21	0.46 mi	50, Archer Road, London, Greater London SE25 4JN	£5,348	56	2	Flat
£300K	11/20	0.47 mi	13, Haysleigh Gardens, London, Greater London SE20 8SS	£6,977	43	2	Flat
£265K	03/23	0.49 mi	Flat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT	-	-	2	Flat
£350K	01/21	0.5 mi	115, Harrington Road, London, Greater London SE25 4NP	£6,354	55	2	Flat
£260K	03/21	0.51 mi	Flat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX	-	-	2	Flat
£292.5K	04/21	0.54 mi	Flat 11, Kendal House, Derwent Road, London, Greater London SE20 7YR	-	-	2	Flat
£367K	05/21	0.56 mi	64a, Enmore Road, London, Greater London SE25 5NG	-	-	2	Flat
£330K	11/20	0.56 mi	Flat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB	-	-	2	Flat
£360K	01/21	0.57 mi	4, Ingatestone Road, London, Greater London SE25 4LG	£4,615	78	2	Flat
£285K	01/21	0.57 mi	3, Ingatestone Road, London, Greater London SE25 4LG	£5,377	53	2	Flat
£386K	03/23	0.57 mi	47, Ingatestone Road, London, Greater London SE25 4LG	£5,594	69	2	Flat
£360K	08/23	0.57 mi	34, Ingatestone Road, London, Greater London SE25 4LG	£4,932	73	2	Flat
£328.8K	02/23	0.57 mi	Flat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ	-	-	2	Flat
£245K	04/21	0.57 mi	Flat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB	£4,016	61	2	Flat
£290K	06/23	0.6 mi	84, Watson Place, London, Greater London SE25 5FA	£4,394	66	2	Flat
£240K	07/23	0.61 mi	Flat 13, Impact Court, Stembridge Road, London, Greater London SE20 7UP	-	-	2	Flat
£272.5K	03/21	0.63 mi	62, Selby Road, London, Greater London SE20 8SG	£5,240	52	2	Flat
£275K	08/21	0.64 mi	Flat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE	-	-	2	Flat
£415K	02/21	0.65 mi	3a, Stembridge Road, London, Greater London SE20 7UE	£6,484	64	2	Flat
£280K	08/21	0.65 mi	Flat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW	-	-	2	Flat
£365K	06/23	0.68 mi	156, Sylvan Road, London, Greater London SE19 2SA	-	-	2	Flat
£410K	05/21	0.68 mi	55a, Tremaine Road, London, Greater London SE20 7UA	-	-	2	Flat
£370K	04/21	0.68 mi	85b, Marlow Road, London, Greater London SE20 7XR	£5,286	70	2	Flat
£387.5K	01/21	0.69 mi	26, Kitley Gardens, London, Greater London SE19 2RY	£5,536	70	2	Flat
£365K	04/21	0.69 mi	14, Kitley Gardens, London, Greater London SE19 2RY	£5,401	68	2	Flat
£640K	12/21	0.7 mi	105, Birchanger Road, London, Greater London SE25 5BH	-	-	2	Flat
£325K	11/21	0.7 mi	199, Grange Road, London, Greater London SE25 6TG	£4,643	70	2	Flat
£310K	11/20	0.7 mi	12, Cranleigh Close, London, Greater London SE20 8TW	£5,741	54	2	Flat
£360K	01/21	0.71 mi	24, Sylvan Road, London, Greater London SE19 2RZ	£4,932	73	2	Flat
£297K	10/21	0.71 mi	114, Sylvan Road, London, Greater London SE19 2RZ	-	-	2	Flat
£318K	11/21	0.71 mi	102, Sylvan Road, London, Greater London SE19 2RZ	£4,676	68	2	Flat
£380K	07/23	0.71 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£380K	07/23	0.71 mi	120, Sylvan Road, London, Greater London SE19 2RZ	£5,205	73	2	Flat
£427.5K	05/21	0.71 mi	16a, Tremaine Road, London, Greater London SE20 7TZ	£5,856	73	2	Flat
£465K	02/21	0.72 mi	21c, Sylvan Road, London, Greater London SE19 2RU	£6,118	76	2	Flat
£475K	07/23	0.72 mi	45a, Sylvan Road, London, Greater London SE19 2RU	£8,051	59	2	Flat

Local Rents

48 rents from £1.3K/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	08/24	0.02 mi	-	2	Flat
£1,900	08/24	0.02 mi	-	2	Flat
£1,800	08/24	0.04 mi	-	2	Flat
£1,550	02/24	0.04 mi	-	2	Flat
£1,695	01/25	0.04 mi	-	2	Flat
£1,695	03/25	0.04 mi	-	2	Flat
£1,900	03/25	0.06 mi	-	2	Flat
£1,750	08/24	0.06 mi	Flat 10 Langham Court, 1A Suffolk Road, London, SE25	2	Flat
£1,750	09/24	0.06 mi	Flat 10 Langham Court, 1A Suffolk Road, London, SE25	2	Flat
£2,500	08/24	0.06 mi	Suffolk Road, London, SE25	2	Flat
£2,000	04/25	0.08 mi	-	2	Flat
£1,650	08/24	0.09 mi	St. Dunstans Road, London	2	Flat
£1,500	08/24	0.09 mi	-	2	Flat
£1,500	08/24	0.09 mi	-	2	Flat
£1,500	08/24	0.09 mi	-	2	Flat
£1,500	08/24	0.09 mi	-	2	Flat
£1,700	08/24	0.1 mi	Chalfont Road, London, SE25	2	Flat
£1,650	08/24	0.1 mi	-	2	Flat
£1,450	02/24	0.11 mi	-	2	Flat
£1,500	03/25	0.11 mi	-	2	Flat
£1,650	08/24	0.11 mi	Holmesdale Close London SE25	2	Flat
£1,452	09/24	0.13 mi	High Street, South Norwood, SE25	2	Flat
£1,700	08/24	0.13 mi	-	2	Flat
£1,300	08/24	0.14 mi	High Street London SE25	2	Flat
£1,550	10/24	0.16 mi	-	2	Flat
£1,795	11/23	0.16 mi	Broster Gardens, South Norwood, SE25	2	House
£1,650	02/24	0.16 mi	-	2	Flat
£1,850	08/24	0.16 mi	Broster Gardens London SE25	2	House
£1,700	08/24	0.17 mi	-	2	Flat
£1,850	08/24	0.17 mi	BROSTER GARDENS, LONDON, SE25, South Norwood, London, SE25	2	Terraced House
£2,000	04/25	0.18 mi	-	2	Flat
£1,950	08/24	0.18 mi	-	2	Flat
£1,850	08/24	0.18 mi	Holmesdale Road, South Norwood	2	Flat
£1,600	08/24	0.19 mi	Flat B, Oliver Avenue, South Norwood, SE25	2	Flat
£1,700	10/24	0.19 mi	-	2	Flat
£1,750	08/24	0.2 mi	Selhurst Road, London, SE25	2	Flat
£1,800	04/25	0.2 mi	-	2	Flat
£1,800	08/24	0.2 mi	-	2	Flat
£2,000	09/24	0.21 mi	Lancaster Road London SE25	2	Detached House
£1,500	08/24	0.21 mi	Whitworth Road, London, SE25	2	Flat
£1,500	09/24	0.21 mi	-	2	Flat
£1,750	08/24	0.22 mi	Lancaster Road, London	2	Flat
£1,600	08/24	0.22 mi	Norwood Junction High Street, London, SE25	2	Flat
£1,550	08/24	0.23 mi	Station Road, London, SE25	2	Flat
£1,500	08/24	0.23 mi	Lancaster Road, London, SE25	2	Flat
£1,650	01/25	0.24 mi	-	2	Flat
£1,650	03/25	0.24 mi	-	2	Flat
£1,800	08/24	0.25 mi	Lancaster Road, London, SE25	2	Flat

Local Area Statistics

Population in SE25	34,49534,495
Population in London	4,771,9214,771,921
Town centre distance	8.91 miles away8.91 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.23 miles away0.23 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Price changed to £350,000

December 18, 2024

Listed for £375,000

November 20, 2024

Floor Plans

Description

761 sq ft / 70.7 sq m +
A share of the freehold +
Close to Norwood Junction station +
High ceilings and period features +
An 18ft reception room +
Nearby the High Street +
A generous separate kitchen +

Guide price £350,000 - £375,000 A light and bright first floor period conversion positioned moments from Norwood Junction rail links and the High Street.

This well proportioned accommodation totals 761 sq ft / 70.7 sq m and boasts a generous 18ft reception room with a large shuttered double glazed bay window, a south-westerly aspect, and high ceilings - tastefully decorated in a contemporary tone. A separate kitchen has plenty or work and storage space, and solid wood countertops, whilst both bedrooms are well proportioned at the rear of the building with stripped wood flooring, and the larger has fitted storage. Further benefits include a share of the freehold.

This location is well served by excellent bus and rail connections, also nearby parkland and Norwood Lakes.

Agent Details

Pedder, Crystal Palace

020 3962 0429

Next Steps?

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

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