2 Bed Flat, Single Let, London, SE9 4PR, £200,000

Grove Park Road, London, SE9 4PR - 1 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 12%

~63 m²

+8 photos

ValuationUndervalued

Sold Prices	£210K - £450K
Sold Prices/m²	£3.2K/m² - £6.4K/m²

Square Metres	~63 m²
Price/m²	£3.2K/m²
Value Estimate	£240,000£240,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Total Cash In	£61,200£61,200

Cash Out
Rent Range	£1,500 - £2,200£1,500 - £2,200
Rent Estimate	£1,600
Running Costs/mo	£965£965
Cashflow/mo	£635£635
Cashflow/yr	£7,620£7,620
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

48 sold prices from £210K to £450K, average is £285.5K. £3.2K/m² to £6.4K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	06/23	0.06 mi	Flat 48, Paxton Court, Marvels Lane, London, Greater London SE12 9QQ	-	-	2	Flat
£283K	04/23	0.17 mi	Flat 55, Robins Court, Chinbrook Road, London, Greater London SE12 9QN	-	-	2	Flat
£292.5K	07/23	0.17 mi	Flat 47, Robins Court, Chinbrook Road, London, Greater London SE12 9QN	-	-	2	Flat
£262K	02/21	0.17 mi	Flat 62, Robins Court, Chinbrook Road, London, Greater London SE12 9QN	-	-	2	Flat
£305K	12/22	0.31 mi	120, Marvels Lane, London, Greater London SE12 9PG	£6,064	50	2	Flat
£293.9K	06/23	0.31 mi	90, Marvels Lane, London, Greater London SE12 9PG	£5,344	55	2	Flat
£292.5K	12/22	0.31 mi	114, Marvels Lane, London, Greater London SE12 9PG	£5,519	53	2	Flat
£275K	04/21	0.35 mi	15, Amblecote Close, London, Greater London SE12 9TP	£5,000	55	2	Flat
£271K	11/20	0.35 mi	20, Amblecote Close, London, Greater London SE12 9TP	£4,839	56	2	Flat
£280K	04/21	0.35 mi	3, Amblecote Close, London, Greater London SE12 9TP	£5,000	56	2	Flat
£295K	01/23	0.35 mi	20, Amblecote Close, London, Greater London SE12 9TP	£5,268	56	2	Flat
£265K	02/21	0.36 mi	38, Amblecote Road, London, Greater London SE12 9TL	£3,841	69	2	Flat
£217.5K	03/21	0.37 mi	92, Amblecote Road, London, Greater London SE12 9TW	£3,822	57	2	Flat
£358K	03/21	0.38 mi	Flat 18, Oldman Court, Marvels Lane, London, Greater London SE12 9PY	-	-	2	Flat
£330K	12/20	0.38 mi	44, Balder Rise, London, Greater London SE12 9PF	£5,410	61	2	Flat
£310K	01/23	0.39 mi	39, Amblecote Road, London, Greater London SE12 9TN	£5,741	54	2	Flat
£315K	12/20	0.39 mi	145, Mayeswood Road, London, Greater London SE12 9SA	£4,773	66	2	Flat
£310K	01/23	0.43 mi	Flat 28, Holm Court, Le May Avenue, London, Greater London SE12 0BD	-	-	2	Flat
£260K	05/21	0.44 mi	18, Hope Close, London, Greater London SE12 0BW	£4,974	52	2	Flat
£275K	06/21	0.44 mi	33, Hope Close, London, Greater London SE12 0BW	£4,909	56	2	Flat
£295K	07/23	0.46 mi	14, Chinbrook Crescent, London, Greater London SE12 9TJ	£5,545	53	2	Flat
£255K	09/21	0.48 mi	11, Dilhorne Close, London, Greater London SE12 0BL	£3,864	66	2	Flat
£250K	10/21	0.49 mi	30, Wydeville Manor Road, London, Greater London SE12 0EW	£4,545	55	2	Flat
£330K	08/21	0.51 mi	18, Portland Crescent, London, Greater London SE9 4TT	£5,465	60	2	Flat
£300K	10/21	0.55 mi	7, Model Farm Close, London, Greater London SE9 4DR	£5,436	55	2	Flat
£310K	02/21	0.55 mi	2, Model Farm Close, London, Greater London SE9 4DR	£5,345	58	2	Flat
£292.5K	06/24	0.57 mi	15a, Devonshire Road, London, Greater London SE9 4QP	£5,969	49	2	Flat
£278K	12/20	0.57 mi	57, Sandstone Road, London, Greater London SE12 0UR	£4,088	68	2	Flat
£327K	10/23	0.6 mi	Flat 22, Greenfield Court, Gardeners Close, London, Greater London SE9 4DF	-	-	2	Flat
£450K	08/21	0.76 mi	51, West Park, London, Greater London SE9 4RZ	£3,488	129	2	Flat
£295K	11/20	0.84 mi	28, Joan Crescent, London, Greater London SE9 5RS	£5,268	56	2	Flat
£275K	04/21	0.91 mi	164, Alnwick Road, London, Greater London SE12 9BT	£4,231	65	2	Flat
£286K	03/23	0.92 mi	Flat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE	-	-	2	Flat
£320K	10/21	0.93 mi	212, Southover, Bromley, Greater London BR1 4SE	£3,902	82	2	Flat
£297K	11/20	0.95 mi	66, Gregory Crescent, London, Greater London SE9 5SA	£4,569	65	2	Flat
£290K	08/21	0.97 mi	61, Croft Close, Chislehurst, Greater London BR7 6EZ	£6,444	45	2	Flat
£330K	04/23	0.98 mi	208, Elmstead Lane, Chislehurst, Greater London BR7 5EW	£4,583	72	2	Flat
£295K	09/21	0.98 mi	13, Croft Close, Chislehurst, Greater London BR7 6EX	£6,146	48	2	Flat
£250K	06/21	0.98 mi	17, Croft Close, Chislehurst, Greater London BR7 6EX	£5,208	48	2	Flat
£255K	10/21	0.98 mi	7, Croft Close, Chislehurst, Greater London BR7 6EX	£5,574	46	2	Flat
£284K	11/20	0.98 mi	3, Croft Close, Chislehurst, Greater London BR7 6EX	£5,490	52	2	Flat
£285K	06/21	0.98 mi	14, Croft Close, Chislehurst, Greater London BR7 6EX	£5,938	48	2	Flat
£261.5K	12/20	0.98 mi	278, The Vista, London, Greater London SE9 5RN	£4,934	53	2	Flat
£251K	12/22	0.99 mi	30, Gavestone Road, London, Greater London SE12 9BP	£3,177	79	2	Flat
£225K	02/23	0.99 mi	Flat 16, Rothesay Court, Cumberland Place, London, Greater London SE6 1NB	-	-	2	Flat
£275K	06/21	0.99 mi	141, Sibthorpe Road, London, Greater London SE12 9DR	£5,094	54	2	Flat
£272K	02/21	0.99 mi	145, Sibthorpe Road, London, Greater London SE12 9DR	£5,333	51	2	Flat
£278K	09/21	0.99 mi	157, Sibthorpe Road, London, Greater London SE12 9DR	£4,344	64	2	Flat

Local Rents

51 rents from £1.5K/mo to £2.2K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	04/25	0 mi	-	2	Flat
£1,600	08/24	0.05 mi	Oldman Court, Marvels Lane, Lee, SE12	2	Flat
£1,550	08/24	0.17 mi	Chinbrook Road, London	2	Flat
£1,600	11/24	0.19 mi	-	2	Flat
£1,600	09/24	0.2 mi	-	2	Flat
£1,650	04/25	0.23 mi	-	2	Flat
£1,650	08/24	0.27 mi	-	2	Flat
£1,750	03/25	0.28 mi	-	2	Flat
£1,650	08/24	0.29 mi	-	2	Flat
£1,510	03/25	0.31 mi	-	2	Terraced House
£2,145	02/25	0.31 mi	-	2	Terraced House
£1,650	04/25	0.33 mi	-	2	Flat
£1,600	08/24	0.33 mi	Amblecote Close, London, SE12 9TP	2	Flat
£1,600	08/24	0.34 mi	-	2	Flat
£1,650	08/24	0.36 mi	-	2	Flat
£1,650	10/24	0.37 mi	-	2	Flat
£1,650	08/24	0.37 mi	Amblecote Road London SE12	2	Flat
£1,700	09/24	0.38 mi	-	2	Terraced House
£1,650	12/24	0.39 mi	-	2	Flat
£1,850	11/24	0.39 mi	-	2	Terraced House
£1,750	08/24	0.4 mi	Garden Close Grove Park SE12	2	Terraced House
£1,800	08/24	0.4 mi	Pennington Way, SE12	2	House
£1,700	08/24	0.41 mi	-	2	Terraced House
£1,600	08/24	0.41 mi	-	2	Terraced House
£1,600	08/24	0.41 mi	-	2	Terraced House
£1,700	01/25	0.42 mi	-	2	Flat
£1,700	01/25	0.42 mi	-	2	Flat
£1,700	08/24	0.42 mi	-	2	Flat
£1,700	01/25	0.42 mi	-	2	Flat
£1,750	12/24	0.43 mi	-	2	Flat
£1,750	12/24	0.43 mi	-	2	Flat
£1,595	08/24	0.43 mi	Le May Avenue Grove Park SE12	2	Flat
£1,650	08/24	0.44 mi	-	2	Flat
£1,700	08/24	0.45 mi	Grove Park Road, London, SE9	2	Flat
£1,700	04/25	0.45 mi	-	2	Flat
£1,600	11/23	0.46 mi	Grove Park, SE12	2	Terraced House
£1,500	08/24	0.46 mi	Le May Avenue London SE12	2	Flat
£1,600	08/24	0.47 mi	Hope Close, London, SE12	2	Flat
£2,000	04/25	0.48 mi	-	2	Flat
£1,700	08/24	0.5 mi	Baring Road London SE12	2	Flat
£1,950	01/25	0.52 mi	-	2	Flat
£2,200	08/24	0.54 mi	3 Purbeck Gardens, London, SE26	2	Flat
£2,200	08/24	0.54 mi	3 Purbeck Gardens, London, SE26	2	Flat
£1,700	08/24	0.55 mi	Model Farm Close, Mottingham, SE9	2	Flat
£1,750	04/25	0.56 mi	-	2	Flat
£2,068	09/24	0.57 mi	-	2	Terraced House
£1,600	02/24	0.58 mi	-	2	Flat
£1,600	10/24	0.59 mi	-	2	Flat
£1,750	08/24	0.59 mi	Mottingham Lane, Mottingham	2	Flat
£1,700	02/25	0.59 mi	-	2	Flat
£1,500	08/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in SE9	63,08263,082
Population in London	4,771,9214,771,921
Town centre distance	8.95 miles away8.95 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.48 miles away0.48 miles away

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

Property History

Price changed to £200,000

January 31, 2025

Listed for £220,000

December 3, 2024

Floor Plans

Description

A two bedroom apartment situated in this purpose built building in a sought after location with a private balcony and further benefits from being offered chain free. This property has also had previously installed cladding removed so a EWS1 certificate is available for lending criteria.

Placed on the fourth floor of a purpose built apartment block, Waymour and Parr are delighted to offer this two bedroom property to the sales market. Offered chain free, the property would perfectly suit either a first time buyer or a buy to let investor.

Inside the property has two double bedrooms, a light-filled reception room, a fitted kitchen, a tiled bathroom and a private balcony.

The location is ideal for transport as Grove Park Station is a short walk away, situated 0.5 miles from Grove Park Station with direct links into London Bridge, Charing Cross, Waterloo East and Cannon Street. This line takes you in to London Bridge within 13 minutes via the fast train. The open green spaces are also close to hand as well local amenities. This property is also in the catchment area for brilliant schools.

Leasehold | 89 years remaining
Ground Rent | £10 per annum
Service Charge | £750 per annum
Council Tax | B

Agent Details

Waymour and Parr, London

020 4572 1108

Next Steps?

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

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