2 Bed Flat, Single Let, London, SE11 5SZ, £315,000

Kennington Oval, London, SE11 5SZ - 4 views - 3 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£180K - £1.4M
Sold Prices/m²£6.3K/m² - £17.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£384,300
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Total Cash In

£92,650

 

 

Cash Out

 

Rent Range

£2,000 - £4,030

Rent Estimate

£1,650

Running Costs/mo

£1,334

Cashflow/mo

£316

Cashflow/yr

£3,788

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £1.4M, average is £445K. £6.3K/m² to £17.5K/m², average is £8.2K/m².

PriceDateDistanceAddressBeds 
£360.5K11/210 miFlat 28, Lockwood House, Kennington Oval, London, Greater London SE11 5SZ2
£390K01/210.09 miFlat 39, Lohmann House, Kennington Oval, London, Greater London SE11 5BU2
£390K06/210.09 miFlat 4, Lohmann House, Kennington Oval, London, Greater London SE11 5BU2
£370K01/230.09 miFlat 44, Lohmann House, Kennington Oval, London, Greater London SE11 5BX2
£367K04/230.09 miFlat 71, Lohmann House, Kennington Oval, London, Greater London SE11 5BX2
£350K03/230.13 miFlat 45, Hornby House, Clayton Street, London, Greater London SE11 5DB2
£473K06/210.13 miFlat 45, Kilner House, Clayton Street, London, Greater London SE11 5SE2
£928K07/230.16 miFlat 24, Oval Mansions, Kennington Oval, London, Greater London SE11 5SQ2
£790K08/230.16 miFlat 44, Oval Mansions, Kennington Oval, London, Greater London SE11 5SQ2
£825K03/210.21 miThe Lower Maisonette At, 22, Offley Road, London, Greater London SW9 0LS2
£410K10/230.21 mi34, Offley Road, London, Greater London SW9 0LS2
£787K12/200.21 mi14a, Offley Road, London, Greater London SW9 0LS2
£492K04/230.21 miBasement Flat, 36, Offley Road, London, Greater London SW9 0LS2
£480K06/210.22 miFlat F, 27 - 29, Clapham Road, London, Greater London SW9 0JD2
£440K02/230.22 miSecond Floor Flat, 80, Meadow Road, London, Greater London SW8 1PP2
£430K06/230.23 miFlat 5, Wisden House, Meadow Road, London, Greater London SW8 1NA2
£1.4M12/200.25 mi50, Fentiman Road, London, Greater London SW8 1LF2
£475K04/210.28 miFirst Floor Flat, 50, Crewdson Road, London, Greater London SW9 0LJ2
£453K05/230.29 miFlat B, 54, Crewdson Road, London, Greater London SW9 0LJ2
£620K06/210.29 mi34a, Ravensdon Street, London, Greater London SE11 4AR2
£620K12/220.3 mi16, Kennington Park Place, London, Greater London SE11 4AS2
£723.8K07/210.3 mi4, Radcot Street, London, Greater London SE11 4AH2
£540K08/230.3 mi29, Methley Street, Kennington, London, Greater London SE11 4AL2
£675K12/220.32 mi315a, Kennington Road, London, Greater London SE11 4QE2
£180K05/210.32 miFlat 22, Bateman House, Otto Street, London, Greater London SE17 3PF2
£180K05/210.32 miFlat 22, Bateman House, Otto Street, London, Greater London SE17 3PF2
£780K06/210.32 mi26b, Methley Street, Kennington, London, Greater London SE11 4AJ2
£450K01/230.33 mi19, Richborne Terrace, London, Greater London SW8 1AS2
£355K06/210.34 mi143f, Cooks Road, London, Greater London SE17 3NS2
£337.5K01/210.34 miFlat 15, Duffell House, Loughborough Street, London, Greater London SE11 5PX2
£275K04/210.35 miFlat 15, Walters House, Otto Street, London, Greater London SE17 3PG2
£440K11/200.36 mi105a, Brixton Road, London, Greater London SW9 6EE2
£537.5K10/230.36 miTop Floor Flat, 108, Clapham Road, London, Greater London SW9 0JU2
£430K03/210.36 miGround Floor Flat, 96, Clapham Road, London, Greater London SW9 0JU2
£725K09/230.36 miFlat 8, Glencoe Mansions, Mowll Street, London, Greater London SW9 0ER2
£285K02/210.36 miFlat 28, Cornish House, Brandon Estate, London, Greater London SE17 3PE2
£265K09/210.36 miFlat 40, Cornish House, Brandon Estate, London, Greater London SE17 3PE2
£485K03/230.37 miFlat 34, Aigburth Mansions, Mowll Street, London, Greater London SW9 0EP2
£512.5K12/230.37 miFlat 32, Aigburth Mansions, Mowll Street, London, Greater London SW9 0EP2
£435K03/230.39 miFlat 18, Cleveland Mansions, Mowll Street, London, Greater London SW9 0ES2
£390K09/210.39 miFlat 269, Irving House, Doddington Grove, London, Greater London SE17 3TS2
£741K01/210.39 mi4, Rita Road, London, Greater London SW8 1JU2
£300K11/200.4 miFlat 63, Holland Rise House, Clapham Road, London, Greater London SW9 0HT2
£420K09/230.4 miFlat 7, Jupiter Court, Caldwell Street, London, Greater London SW9 0EX2
£425K03/210.4 miFlat 8, Jupiter Court, Caldwell Street, London, Greater London SW9 0EX2
£555K12/200.41 miFlat 9, Trevose House, Orsett Street, London, Greater London SE11 5PN2
£555K12/200.41 miFlat 9, Trevose House, Orsett Street, London, Greater London SE11 5PN2
£282K03/230.41 miFlat 77, Wimborne House, Dorset Road, London, Greater London SW8 1AJ2
£573.2K10/210.42 mi65c, Heyford Avenue, London, Greater London SW8 1EB2
£420K06/230.42 miFlat 135, Edmund House, Doddington Grove, London, Greater London SE17 3TA2

Local Rents

49 rents from £2K/mo to £4K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,99009/240.05 mi-2
£2,00002/240.09 mi-2
£2,20008/240.09 miKennington Oval, London SE112
£2,50001/250.11 mi-2
£2,15002/250.13 mi-2
£2,30009/240.13 miElias Place, London, SW82
£2,45012/240.13 mi-2
£2,50008/240.15 miOval Mansions, London, SE112
£2,47508/240.15 miOval Mansions, London, SE112
£2,50008/240.15 mi-2
£2,30001/250.15 mi-2
£2,45001/250.15 mi-2
£2,45001/250.15 mi-2
£3,10001/250.15 mi-2
£2,32503/250.15 mi-2
£2,55008/240.16 miKennington Oval, London, SE112
£2,50009/240.16 mi-2
£2,67509/240.16 mi-2
£2,62502/250.16 mi-2
£2,40008/240.16 miOval Mansions, London, SE112
£2,40008/240.16 mi-2
£2,45003/250.16 mi-2
£3,98710/240.16 mi-2
£2,00009/240.16 miClaylands Place, SW82
£2,25009/240.16 miPrima Road, London2
£2,60009/240.17 miClapham Road, London SW92
£3,50003/250.18 mi-2
£2,20010/240.18 mi-2
£2,30009/240.18 miOffley Road, London, SW92
£2,05011/240.19 mi-2
£3,75009/240.21 miGasholder Place, London2
£2,75008/240.21 miStannary Street London SE112
£2,19002/250.21 mi-2
£4,03009/240.22 mi-2
£4,03009/240.22 mi-2
£3,94009/240.22 mi-2
£3,90010/240.22 mi-2
£3,90011/240.22 mi-2
£2,19708/240.23 miKennington Park Road, Kennington2
£2,60009/240.23 miKennington Park Road, Kennington, London, SE112
£2,50009/240.24 miBeregaria Court, 190 Kennington Park Road, London, SE112
£3,14208/240.24 miPhoenix Court, Oval Village, London, SE112
£4,00002/250.24 mi-2
£2,99908/240.24 miKennington Lane, London, SE112
£2,99908/240.24 miKennington Lane, London, SE112
£3,60008/240.24 miOval Village, Gasholder Place, SE112
£3,25003/250.25 mi-2
£3,95003/250.25 mi-2
£2,40003/250.25 mi-2

Local Area Statistics

Population in SE11

21,589

Population in London

4,771,921

Town centre distance

3.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £315,000

December 23, 2024

Floor Plans

Description

  • Two Bedrooms +
  • EPC Rating D +
  • 561 SQ FT +
  • No Chain +
  • Opposite Oval Tube Station +
  • Double Glazing +

A Well located top-floor, two bedroom apartment just a short walk from Oval Tube Station (Northern Line, Zone 2) and Vauxhall Station (Victoria Line, Zone 1/2, Rail, and 24-hour bus services). The property features two double bedrooms, a bright reception room, a fitted kitchen, a shower room, and a separate W/C. Situated on the fourth floor of a secure, low-rise brick-built building with intercom entry, it offers excellent transport links and convenient access to shops, bars, and restaurants on Clapham Road and Kennington Road/Lane.

Perfectly positioned near the iconic Oval Cricket Ground, Kennington Park, the Beefeater Gin Distillery, and the popular Saturday Farmers Market at St. Mark’s Church, this property is ideal for professionals or families seeking a vibrant and well-connected location. Currently let at £1,650 per calendar month until July 2025, the property presents a fantastic opportunity for investors or first-time buyers. Viewings are highly recommended to fully appreciate all this property has to offer.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

KEI200012/2

Agent Details

Reeds Rains, Kennington

020 3840 3985

Next Steps?

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