3 Bed Flat, Single Let, London, SE25 4UX, £300,000

Portland Road, South Norwood, SE25 4UX - 3 months ago

BTL

ROI: 6%

~55 m²

+3 photos

ValuationOvervalued

Sold Prices	£100K - £580K
Sold Prices/m²	£3.7K/m² - £8.9K/m²

Square Metres	~54.63 m²
Price/m²	£5.5K/m²
Value Estimate	£273,150£273,150

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,750 - £2,750£1,750 - £2,750
Rent Estimate	£1,795
Running Costs/mo	£1,317£1,317
Cashflow/mo	£479£479
Cashflow/yr	£5,742£5,742
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

24 sold prices from £100K to £580K, average is £399.1K. £3.7K/m² to £8.9K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£415K	10/20	0.3 mi	54, Birchanger Road, London, Greater London SE25 5BB	-	-	3	Flat
£354K	11/21	0.4 mi	Flat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ	-	-	3	Flat
£580K	12/21	0.45 mi	71, Tennison Road, London, Greater London SE25 5RY	£4,496	129	3	Flat
£280K	05/21	0.56 mi	Ground Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL	£3,733	75	3	Flat
£420K	08/21	0.64 mi	43a, Tremaine Road, London, Greater London SE20 7UA	£5,635	75	3	Flat
£415K	06/21	0.64 mi	51a, Tremaine Road, London, Greater London SE20 7UA	£5,533	75	3	Flat
£390K	01/21	0.67 mi	12a, Tremaine Road, London, Greater London SE20 7TZ	£5,132	76	3	Flat
£420K	04/21	0.67 mi	6a, Tremaine Road, London, Greater London SE20 7TZ	-	-	3	Flat
£450K	09/21	0.67 mi	12, Tremaine Road, London, Greater London SE20 7TZ	£5,844	77	3	Flat
£408.3K	03/21	0.68 mi	46, Samos Road, London, Greater London SE20 7TU	£8,875	46	3	Flat
£435K	09/23	0.69 mi	48, Marlow Road, Anerley, London, Greater London SE20 7UZ	£5,878	74	3	Flat
£445.5K	12/20	0.74 mi	26, Samos Road, Anerley, London, Greater London SE20 7TU	£5,862	76	3	Flat
£442.2K	02/21	0.74 mi	40a, Samos Road, London, Greater London SE20 7TU	£5,669	78	3	Flat
£425K	11/20	0.8 mi	27a, Worbeck Road, London, Greater London SE20 7SW	£5,667	75	3	Flat
£345K	06/21	0.88 mi	197, Grange Road, Upper Norwood, London, Greater London SE25 6TG	£4,859	71	3	Flat
£100K	06/23	0.89 mi	Flat 2, Bettswood Court, Anerley Road, London, Greater London SE20 8EH	-	-	3	Flat
£530K	10/22	0.89 mi	3, Burton Close, Thornton Heath, Greater London CR7 8SU	-	-	3	Flat
£320K	02/23	0.93 mi	23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ	£5,000	64	3	Flat
£290K	02/21	0.95 mi	35a, Lenham Road, Thornton Heath, Greater London CR7 8QT	£4,603	63	3	Flat
£285K	10/20	0.97 mi	124, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£3,701	77	3	Flat
£360K	01/23	0.97 mi	130, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£4,737	76	3	Flat
£280K	10/20	0.97 mi	199, Mersham Road, Thornton Heath, Greater London CR7 8NU	£3,684	76	3	Flat
£286K	06/21	0.98 mi	35, Grange Park Road, Thornton Heath, Greater London CR7 8QE	£4,206	68	3	Flat
£241.3K	08/23	0.99 mi	120, Auckland Road, London, Greater London SE19 2RP	£3,770	64	3	Flat

Local Rents

50 rents from £1.8K/mo to £2.8K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	02/25	0.11 mi	-	3	Flat
£2,750	09/24	0.12 mi	-	3	Semi-Detached House
£2,260	01/25	0.12 mi	-	3	Semi-Detached House
£1,895	03/25	0.15 mi	-	3	Flat
£2,050	11/24	0.15 mi	-	3	Terraced House
£2,200	08/24	0.15 mi	Addison Road, London	3	Terraced House
£2,400	08/24	0.15 mi	Sunny Bank, London, SE25	3	Terraced House
£2,300	08/24	0.16 mi	Albert Road, SE25	3	Terraced House
£2,500	11/24	0.19 mi	-	3	Detached House
£2,100	08/24	0.21 mi	-	3	Terraced House
£1,900	08/24	0.21 mi	Cresswell Road, London	3	Terraced House
£2,400	08/24	0.21 mi	Portland Road, London	3	Flat
£2,400	08/24	0.21 mi	Portland Road, London	3	Flat
£2,200	03/25	0.22 mi	-	3	Flat
£2,000	01/25	0.28 mi	-	3	Semi-Detached House
£2,400	08/24	0.29 mi	Oliver Avenue, South Norwood, London, SE25	3	Detached House
£2,200	01/25	0.29 mi	-	3	Terraced House
£2,400	08/24	0.3 mi	-	3	Flat
£2,250	08/24	0.3 mi	Birchanger Road, South Norwood	3	Flat
£1,950	03/25	0.31 mi	-	3	Flat
£2,000	08/24	0.32 mi	Sidney Road, London, SE25	3	Terraced House
£2,000	08/24	0.32 mi	-	3	Terraced House
£2,100	08/24	0.32 mi	Lancaster Road, London, Greater London, SE25	3	Detached House
£2,400	08/24	0.32 mi	Oliver Avenue, London, SE25	3	Flat
£2,300	02/24	0.32 mi	-	3	Semi-Detached House
£2,100	08/24	0.36 mi	Sidney Road, London, SE25	3	Detached House
£2,200	08/24	0.36 mi	-	3	Semi-Detached House
£2,200	08/24	0.36 mi	Percy Road London SE25	3	Flat
£2,750	08/24	0.37 mi	-	3	Flat
£2,000	08/24	0.38 mi	Hambrook Road, London, SE25	3	Terraced House
£2,300	09/24	0.38 mi	-	3	Terraced House
£2,100	11/23	0.38 mi	Tennison Road, London, SE25	3	Terraced House
£1,800	03/25	0.38 mi	-	3	Flat
£2,200	08/24	0.4 mi	Court Road, London, SE25	3	Flat
£2,650	09/24	0.42 mi	-	3	Detached House
£2,050	08/24	0.43 mi	Upper Grove, South Norwood, SE25	3	Flat
£2,000	12/24	0.43 mi	Davidson Road, Croydon, CR0	3	Flat
£2,000	08/24	0.44 mi	Warminster Road, South Norwood, London, SE25	3	Flat
£2,150	12/24	0.45 mi	Sutton Gardens, CROYDON	3	Flat
£2,000	08/24	0.46 mi	Brooklyn Avenue, South Norwood	3	Terraced House
£1,795	08/24	0.47 mi	-	3	Terraced House
£1,795	08/24	0.47 mi	-	3	Terraced House
£1,850	08/24	0.48 mi	-	3	Flat
£2,300	08/24	0.49 mi	Holmesdale Road, London	3	Terraced House
£2,000	08/24	0.52 mi	Oakley Road, South Norwood, London, SE25	3	Terraced House
£1,900	11/23	0.52 mi	Harrington Road, London, SE25	3	Terraced House
£1,750	03/25	0.52 mi	-	3	Flat
£2,200	08/24	0.53 mi	Ferndale Road, LONDON	3	Flat
£2,500	08/24	0.56 mi	-	3	Terraced House
£2,500	08/24	0.56 mi	-	3	Detached House

Local Area Statistics

Population in SE25	34,49534,495
Population in London	4,771,9214,771,921
Town centre distance	9.05 miles away9.05 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.14 miles away0.14 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 £300,000

February 12, 2025

Listed for £325,000

January 3, 2025

Floor Plans

Description

Three well-proportioned bedrooms +
577 sq. ft. of living space +
Good condition throughout +
Close to wide array of popular local amenities +
Excellent transport links into The City +
EPC: C +

Oaks Estate Agents are delighted to welcome to the market this three bedroom flat.

Light and airy throughout this property benefits from 588 sq. ft. of living space.

Portland Road is in good condition and comprises; three well-proportioned bedrooms, modern fitted kitchen, living area and a contemporary bathroom

This lovely home would suit any commuter requiring access into The City due its close proximity to Norwood Junction station and a number of local tram stops.

Portland Road is close to a diverse selection of amenities on the actual road itself and South Norwood High Street located at the top of the road. The Country Park is only a short stroll from the property offering a scenic and peaceful place to exercise, wander and relax. Call today to avoid missing out.

Agent Details

Oaks Estate Agents, South Norwood

020 3907 9733

Next Steps?

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

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