2 Bed Flat, Single Let, London, SE24 9BH, £500,000

Norwood Road, SE24 9BH - 3 months ago

Sold STC
Leasehold
BTL
~64 m²
+7 photos

ValuationUndervalued

Sold Prices£260K - £1.1M
Sold Prices/m²£3K/m² - £12.8K/m²

 

 

Square Metres

~63.92 m²
Price/m²£7.8K/m²

Value Estimate

£513,660
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£153,700

 

 

Cash Out

 

Rent Range

£1,550 - £2,900

Rent Estimate

£1,602

Running Costs/mo

£1,903

Cashflow/mo

£-301

Cashflow/yr

£-3,611

Gross Yield

4%

Local Sold Prices

50 sold prices from £260K to £1.1M, average is £490K. £3K/m² to £12.8K/m², average is £7.8K/m².

PriceDateDistanceAddressBeds 
£610K06/210.06 mi30a, Norwood Road, London, Greater London SE24 9BH2
£580K06/210.06 mi26c, Norwood Road, London, Greater London SE24 9BH2
£470K04/230.07 mi225b, Norwood Road, London, Greater London SE24 9AG2
£1.1M04/210.09 mi20, Berwyn Road, London, Greater London SE24 9BD2
£725K04/210.09 mi45a, Deronda Road, London, Greater London SE24 9BQ2
£908K02/210.09 mi61, Deronda Road, London, Greater London SE24 9BQ2
£425K03/230.09 miGround Floor Flat, 112, Norwood Road, London, Greater London SE24 9BB2
£325K04/210.1 mi18, Peabody Hill, London, Greater London SE21 8LD2
£636.5K11/210.11 mi38, Trinity Rise, Tulse Hill, London, Greater London SW2 2QR2
£354K02/210.11 miFlat A, 315, Norwood Road, London, Greater London SE24 9AQ2
£565K03/210.13 mi9a, Deerbrook Road, London, Greater London SE24 9BE2
£447K03/230.13 mi9c, Deerbrook Road, London, Greater London SE24 9BE2
£540K03/210.16 mi41a, Romola Road, London, Greater London SE24 9BA2
£349K09/210.17 mi28c, Romola Road, London, Greater London SE24 9AZ2
£545K04/210.18 mi28a, Romola Road, London, Greater London SE24 9AZ2
£495K01/210.2 mi7, St Faiths Road, London, Greater London SE21 8JD2
£510K04/210.21 miGround Floor Flat, 151, Norwood Road, London, Greater London SE24 9AF2
£500K06/210.21 miGround Floor Flat, 205, Norwood Road, London, Greater London SE24 9AF2
£438.5K12/200.3 miGround Floor Flat, 22, Abbots Park, London, Greater London SW2 3QD2
£360K03/230.32 mi37b, Thurlow Park Road, London, Greater London SE21 8JP2
£325K06/210.32 miFlat 5, Tebbs House, Upper Tulse Hill, London, Greater London SW2 2PJ2
£417.5K05/210.33 mi7, Birkbeck Place, London, Greater London SE21 8JU2
£545K11/200.33 mi33, Thurlow Hill, London, Greater London SE21 8JW2
£415K12/200.34 mi8, Thurlow Hill, London, Greater London SE21 8JN2
£680K08/210.37 mi2a, Probyn Road, London, Greater London SW2 3LH2
£360K11/210.4 mi21c, Elmcourt Road, London, Greater London SE27 9BX2
£616K09/210.41 mi175, Croxted Road, London, Greater London SE21 8NL2
£623K08/230.41 mi213, Croxted Road, London, Greater London SE21 8NL2
£295K09/200.43 mi68g, Thurlow Park Road, London, Greater London SE21 8HZ2
£615K11/200.45 mi108a, Croxted Road, London, Greater London SE21 8NR2
£340K11/220.46 miFlat 64, Orford Court, Elmcourt Road, London, Greater London SE27 9DB2
£400K03/230.49 miFlat 15, William Brown Court, Norwood Road, London, Greater London SE27 9DD2
£360K03/210.49 miFlat 18, William Brown Court, Norwood Road, London, Greater London SE27 9DD2
£280K04/230.52 miFlat 25, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£335K07/230.52 miFlat 12, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£485K06/230.54 mi124c, Thurlow Park Road, London, Greater London SE21 8HP2
£550K04/210.54 mi124b, Thurlow Park Road, London, Greater London SE21 8HP2
£425.5K05/230.58 mi135, Thurlow Park Road, London, Greater London SE21 8JJ2
£600K11/200.59 miFlat A, 47, Medora Road, London, Greater London SW2 2LW2
£547.5K07/230.59 miFirst Floor Flat, 45, Medora Road, London, Greater London SW2 2LW2
£357.5K11/200.61 mi15, Roupell Road, London, Greater London SW2 3EL2
£260K05/210.62 miFlat 93, Purser House, Tulse Hill, London, Greater London SW2 2JB2
£680K05/210.63 mi26, Hurst Street, London, Greater London SE24 0EG2
£635K11/210.65 miFlat 7, Donne Court, Burbage Road, London, Greater London SE24 9HH2
£480K07/230.65 mi57c, Idmiston Road, London, Greater London SE27 9HL2
£331.5K06/210.65 mi167b, Knollys Road, London, Greater London SW16 2JP2
£499K10/200.67 mi14a, Maplestead Road, London, Greater London SW2 3LX2
£560K03/210.67 miFlat A, 9, Maplestead Road, London, Greater London SW2 3LX2
£569K02/210.67 mi45, Dulwich Road, London, Greater London SE24 0NJ2
£270.5K03/230.67 miFlat 4, Easton House, York Hill, London, Greater London SE27 0AU2

Local Rents

50 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,59512/240.03 mi-2
£1,70009/240.04 miNorwood Road, Herne Hill, SE242
£1,60003/250.05 mi-2
£2,00008/240.06 mi-2
£2,00008/240.06 mi-2
£1,90008/240.07 miNorwood Road, Herne Hill, SE242
£1,80708/240.07 miNorwood Road, SE242
£1,70008/240.08 miNorwood Road Herne Hill SE242
£1,80009/240.09 miDeronda Road, London, SE242
£2,60008/240.1 miDeronda Road, London, SE242
£2,40010/240.13 mi-2
£1,65009/240.13 mi-2
£2,60009/240.14 mi-2
£2,60009/240.14 miTrinity Rise, London, SW22
£1,80008/240.16 miRomola Road Herne Hill SE242
£2,15002/240.16 mi-2
£2,20010/240.16 mi-2
£2,00010/240.16 mi-2
£2,60009/240.16 mi-2
£1,60308/240.17 miNorwood Road, SE242
£1,80008/240.18 miRomola Road, Herne Hill2
£1,95008/240.19 mi-2
£1,95008/240.19 miLondon, Brixton, Herne Hill, Tulse Hill, West Dulwich, SE242
£2,20011/240.2 mi-2
£2,00012/240.2 mi-2
£1,95008/240.21 miPeabody Estate, Rosendale Road, London, SE242
£2,35008/240.23 miRosendale Road, London2
£2,75008/240.23 miPeabody Cottages, Herne Hill, London, SE242
£2,20001/250.24 mi-2
£2,25001/250.24 mi-2
£2,00008/240.24 miThurlow Park Road, London, SE21 8JB2
£2,90011/240.25 mi-2
£1,95010/240.25 mi-2
£1,85009/240.26 miTulse Hill, SW22
£2,05009/240.28 miChurston Close, Tulse Hill London SW22
£2,50012/240.29 mi-2
£2,50012/240.29 mi-2
£2,50001/250.29 mi-2
£2,50003/250.29 mi-2
£1,95010/240.29 mi-2
£2,00009/240.32 miTebbs House, Tulse Hill2
£1,55008/240.33 miStation Rise, SE272
£2,19511/230.33 miStation Rise, West Norwood , London, SE272
£2,30002/250.33 mi-2
£2,45008/240.34 miThurlow Hill, West Dulwich, London, SE212
£2,16708/240.34 miThurlow Hill, London, SE21 8JN2
£2,65008/240.34 miThurlow Hill London SE212
£2,00001/250.34 mi-2
£2,50010/240.34 mi-2
£1,80011/240.34 mi-2

Local Area Statistics

Population in SE24

18,761

Population in London

4,771,921

Town centre distance

5.76 miles away

Nearest school

0.30 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £500,000

December 6, 2024

Floor Plans

Description

  • Two double bedrooms +
  • Two bathrooms +
  • Victorian conversion +
  • Quiet position at rear of building +
  • Storage utility room +
  • Bright and airy +
  • Brockwell Park a four minute stroll +
  • Short walk to Herne Hill and Tulse Hill centres +
  • Brixton and Victoria Line nine-minutes by bus +
  • Chain-free +

Keating Estates are proud to present to market a wonderfully bright and spacious two double bedroom, two bathroom apartment, quietly positioned to the rear of an end of terrace Victorian property on Norwood Road in Herne Hill, moments from Brockwell Park.

Full Description - Keating Estates are proud to present to market a wonderfully bright and spacious two double bedroom, two bathroom apartment, quietly positioned to the rear of an end of terrace Victorian property on Norwood Road in Herne Hill, moments from Brockwell Park.

Owing to large windows and an elevated position over the second floor, this is an extremely bright yet private home, with high ceilings further enhancing the airy ambience. This spacious apartment is peacefully positioned, set back and separated from the road entirely by another apartment. A tastefully finished home which benefits from excellent dimensions with the entire square footage being usable living space, as opposed to being distributed within internal hallways. A unique property which must be viewed to be fully appreciated.

Forming the heart of the home, the sizeable open-plan reception is packed full of character with ample room to relax, dine and entertain. Bathed in natural light through charming sash windows with wooden floorboards sweeping through the room, this welcoming space is sure to be well loved. The kitchen boasts capacious storage within contemporary cabinetry which wraps around into a sociable breakfast bar. A truly pleasant place to cook and host with generous worktops and views through a large window.

Leading off the kitchen a handy storage room is perfect for storing bikes, airing laundry and keeping the flat neat and tidy, a truly versatile space which has even been used as a study in the past.

A rarity for period conversions, the two double bedrooms are both a generous size, set to completely opposite ends of the apartment to offer each a level of privacy suited to sharers. The principal bedroom is equipped with an en-suite set behind a characterful curved partition wall, whilst the main bathroom is conveniently set next to the second bedroom, essentially meaning each bedroom has their own private bathroom.

Of further benefit, both bedrooms have been reinsulated so they are very cool in summer and warm in winter. Installed in the last two years the apartment also has a new boiler and radiators.

The location is fantastic, less than a five-minute stroll from the green open spaces of Brockwell Park, lauded as London's best outdoor space by locals with its amazing lido among its myriad attractions. Tulse Hill train station is within a six-minute stroll with trains to London Bridge and central London via Southern Rail and the Thames Link. Offering a village feel and a wide range of independent amenities, bars, bakeries and cafes is Herne Hill, just an eleven-minute walk with further trains, including to Victoria twenty minutes door to door. Brixton, first stop on the Victoria Line, the lauded Brixton Village and a cracking nightlife is a nine-minute bus journey from your front door via frequent day and night buses, or a twenty-four minute walk across Brockwell Park, covering the wants and needs of the majority of purchasers. For those with a car, the top of Norwood Road joins with the South Circular, ready to whisk you around London and beyond.

Chain-free.

Agent Details

Keating Estates, Herne Hill

020 3907 3326

Next Steps?

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