2 Bed Flat, Single Let, London, SE17 1BY, £399,995

Salisbury Close, Elephant And Castle, SE17 1BY - 2 views - 3 months ago

Leasehold
BTL
ROI: 3%
~75 m²
+10 photos

ValuationUndervalued

Sold Prices£325K - £640K
Sold Prices/m²£5.7K/m² - £10.2K/m²

 

 

Square Metres

~75 m²
Price/m²£5.3K/m²

Value Estimate

£479,994
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£99,999

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,698

 

 

Cash Out

 

Rent Range

£1,798 - £5,000

Rent Estimate

£1,931

Running Costs/mo

£1,656

Cashflow/mo

£275

Cashflow/yr

£3,298

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £325K to £640K, average is £425K. £5.7K/m² to £10.2K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£430K02/210 mi1, Salisbury Close, London, Greater London SE17 1BY2
£330K09/230.04 mi81, Rodney Road, London, Greater London SE17 1RF2
£470K11/200.07 mi139d, Chatham Street, London, Greater London SE17 1PA2
£325K06/210.13 miFlat 79, Dawes House, Orb Street, London, Greater London SE17 1RD2
£360K06/210.13 miFlat 57, Dawes House, Orb Street, London, Greater London SE17 1RD2
£362K12/200.13 miFlat 25, Dawes House, Orb Street, London, Greater London SE17 1RE2
£365K03/230.22 miFlat 23, Knight House, Huntsman Street, London, Greater London SE17 1QN2
£362K02/230.27 miFlat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL2
£425K01/230.29 mi166a, Trafalgar Street, London, Greater London SE17 2TP2
£475K10/210.3 mi66, Wooler Street, London, Greater London SE17 2EF2
£422K10/200.3 mi66a, Wooler Street, London, Greater London SE17 2EF2
£335K02/230.31 mi26, Pilton Place, London, Greater London SE17 1DN2
£420K10/210.32 miFlat 54, Pilgrim House, Tabard Street, London, Greater London SE1 4UP2
£570K08/230.32 mi29, Potier Street, London, Greater London SE1 4UX2
£440K10/200.32 mi50, Aylesbury Road, London, Greater London SE17 2EH2
£470K06/210.33 mi12, Prioress Street, London, Greater London SE1 4TE2
£355K11/200.33 miFlat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN2
£410K08/210.38 miFlat 21, Shalford House, Law Street, London, Greater London SE1 4XF2
£415K05/210.44 miFlat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ2
£407K10/230.45 miFlat 7, Tabard House, Manciple Street, London, Greater London SE1 4DL2
£470K06/230.45 mi64, Decima Street, London, Greater London SE1 4QQ2
£395K05/210.47 mi34, Marlborough Close, London, Greater London SE17 3AP2
£480K06/210.47 miFlat 11, Rochester House, Manciple Street, London, Greater London SE1 4LP2
£500K01/210.48 miFlat 4, Spectrum Place, Lytham Street, London, Greater London SE17 2GP2
£361K10/230.48 miFlat 40, Stephenson House, Bath Terrace, London, Greater London SE1 6PR2
£330K03/230.49 miFlat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW2
£505K09/230.5 miFlat 4, Willow House, Curtis Street, London, Greater London SE1 5SL2
£640K06/210.5 mi9, Portland Street, London, Greater London SE17 2PF2
£340K07/230.51 miFlat 32, Telford House, Tiverton Street, London, Greater London SE1 6NY2
£325K12/200.51 miFlat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU2
£382K07/230.51 miFlat 2, Penrose House, Penrose Street, London, Greater London SE17 3DU2
£375K11/200.52 mi23, Winchester Close, London, Greater London SE17 3DQ2
£475K01/210.53 miFlat 10, Harbledown House, Manciple Street, London, Greater London SE1 4LN2
£584.5K12/200.53 miFlat 92, Ratcliffe Court, Great Dover Street, London, Greater London SE1 4LD2
£512K04/230.54 mi11, Borrett Close, London, Greater London SE17 3JF2
£414.5K02/210.54 mi47, Winchester Close, London, Greater London SE17 3DQ2
£390K01/210.54 mi77, Winchester Close, London, Greater London SE17 3DQ2
£450K07/230.56 mi28a, Berryfield Road, London, Greater London SE17 3QE2
£592.5K05/210.59 mi35, Leathermarket Court, London, Greater London SE1 3HS2
£440K02/230.6 miFlat 12, Suffield House, Alberta Estate, London, Greater London SE17 3QB2
£391K02/230.6 miFlat 23, St. Vincent House, St Saviours Estate, London, Greater London SE1 3EA2
£555K03/230.63 mi97, Leathermarket Court, London, Greater London SE1 3HT2
£425K12/230.63 miFlat 9, St. Lawrence House, St Saviours Estate, London, Greater London SE1 3BY2
£450K12/200.63 mi5, Dante Road, London, Greater London SE11 4RB2
£577K08/230.63 mi165b, Brook Drive, London, Greater London SE11 4TG2
£588.2K12/200.64 mi55, Carter Street, London, Greater London SE17 3EN2
£426K10/210.64 mi29, Langdale Close, London, Greater London SE17 3UF2
£370K02/210.64 mi34, Langdale Close, London, Greater London SE17 3UF2
£632.5K09/210.65 miFlat B, 12, Gaywood Street, London, Greater London SE1 6HG2
£425K08/230.65 miFlat 19, Eglington Court, Lorrimore Road, London, Greater London SE17 3LY2

Local Rents

50 rents from £1.8K/mo to £5K/mo, average is £2.9K/mo.

RentDateDistanceAddressBeds 
£2,30008/240.01 miSalisbury Close, London2
£2,60008/240.02 mi-2
£2,09708/240.04 miRodney Road, London, SE172
£3,05002/250.08 mi-2
£3,17702/250.08 mi-2
£2,99003/250.08 mi-2
£3,14208/240.09 miTrafalgar Place, Elephant Park, Elephant and Castle SE172
£2,90008/240.09 miTrafalgar Place, Elephant and Castle, SE172
£2,39610/230.09 miBalfour Street, London, SE172
£2,80003/250.1 mi-2
£3,35808/240.1 miBelfield Mansions, Park & Sayer, Elephant and Castle SE172
£3,25008/240.1 miHawksbury Heights, Park & Sayer, Elephant and Castle SE172
£3,29308/240.1 miBelfield Mansions, Park & Sayer, Elephant and Castle SE172
£3,38008/240.1 miBelfield Mansions, Park & Sayer, Elephant and Castle SE172
£2,49001/250.1 mi-2
£3,00003/250.1 mi-2
£2,50008/240.1 mi-2
£2,35008/240.1 mi-2
£2,32508/240.11 mi-2
£2,14908/240.11 miJohn Maurice Close, London, SE172
£2,35008/240.11 miJohn Maurice Close, London, SE172
£2,00008/240.11 miJohn Maurice Close, London, SE172
£3,00012/240.12 miSearles Road London SE12
£2,20008/240.12 miChatham St, London, SE17 1PA2
£2,20012/240.12 mi-2
£2,40012/240.12 mi-2
£2,80012/240.12 mi-2
£5,00001/250.12 mi-2
£3,00012/240.12 miSearles Road, London, SE12
£1,79808/240.13 miOrb Street, London, SE172
£3,00008/240.13 miVictory Place, London2
£2,90002/250.13 mi-2
£3,00008/240.13 miVictory Place, Elephant and Castle, London, SE172
£3,20008/240.13 miBlackwood Apartments, Elephant and Castle, London, SE172
£2,65002/240.13 mi-2
£2,60002/240.13 mi-2
£2,75008/240.14 miMANSFIELD POINT, RODNEY ROAD, LONDON, SE17, Elephant and Castle, London, SE172
£3,05008/240.14 miRodney Road, Elephant and Castle, London, SE172
£3,20011/240.14 mi-2
£2,99408/240.15 miStead Street, London, SE172
£2,45008/240.15 miStead Street, London, SE172
£3,38008/240.15 miRodney Road, Elephant and Castle, London, SE172
£3,30008/240.15 miRodney Road, Elephant and Castle, London, SE172
£1,95008/240.15 mi-2
£2,75208/240.16 miRutherford Heights, Trafalgar Place, Elephant & Castle, SE172
£3,14208/240.16 miRutherford Heights, Trafalgar Place, Elephant & Castle SE172
£3,20008/240.17 miRodney Road, London, SE172
£3,37508/240.17 miCity Lights Point2
£3,44708/240.17 miCity Lights Point2
£3,20008/240.17 miCity Lights Point2

Local Area Statistics

Population in SE17

31,522

Population in London

4,771,921

Town centre distance

2.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Price changed to £399,995

March 8, 2025

Price changed to £415,000

February 20, 2025

Listed for £425,000

January 4, 2025

Floor Plans

Description

  • Two double bedrooms +
  • Split level +
  • Large reception room +
  • Excellent location +
  • Viewings recommended +
  • Leasehold +
  • Chain free +

A very well presented two double bedroom split level flat excellently located close to the areas local amenities and transport links. The property benefits from a good size fully equipped kitchen, separate reception room, two spacious double bedrooms both with access to a shared terrace, bathroom and separate W.C. Chain free

Agent Details

Garrett Whitelock, London Bridge

020 3840 3757

Next Steps?

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