2 Bed Flat, Single Let, London, SE6 3AU, £250,000

Canadian Avenue, Catford, SE6 3AU - 4 views - 3 months ago

Under Offer

Leasehold

BTL

ROI: 7%

~68 m²

+15 photos

ValuationUndervalued

Sold Prices	£252K - £550K
Sold Prices/m²	£3.9K/m² - £9K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£307,500£307,500
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Rent Range	£1,400 - £2,600£1,400 - £2,600
Rent Estimate	£1,500
Running Costs/mo	£1,101£1,101
Cashflow/mo	£399£399
Cashflow/yr	£4,785£4,785
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £252K to £550K, average is £354.1K. £3.9K/m² to £9K/m², average is £5.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	05/23	0.14 mi	Flat 29, Priory House Court, Bromley Road, Catford, London, Greater London SE6 2UB	£4,710	69	2	Flat
£357.5K	06/21	0.14 mi	Flat 24, Priory House Court, Bromley Road, London, Greater London SE6 2UB	-	-	2	Flat
£307.7K	04/23	0.14 mi	Flat 27, Priory House Court, Bromley Road, Catford, London, Greater London SE6 2UB	-	-	2	Flat
£335K	01/21	0.22 mi	7, Nelgarde Road, London, Greater London SE6 4TA	£6,455	52	2	Flat
£450K	01/23	0.23 mi	43a, Bargery Road, London, Greater London SE6 2LJ	-	-	2	Flat
£335K	06/23	0.24 mi	Flat B, 7, Nelgarde Road, London, Greater London SE6 4TA	£6,091	55	2	Flat
£450K	03/21	0.25 mi	58a, Bargery Road, London, Greater London SE6 2LN	£5,844	77	2	Flat
£338.9K	12/22	0.27 mi	82, Sangley Road, London, Greater London SE6 2JP	£4,401	77	2	Flat
£365K	03/21	0.27 mi	148, Sangley Road, London, Greater London SE6 2JP	£5,182	70	2	Flat
£356.4K	09/21	0.27 mi	132, Sangley Road, London, Greater London SE6 2JP	£4,689	76	2	Flat
£340K	03/21	0.29 mi	56b, Catford Hill, London, Greater London SE6 4PU	£4,533	75	2	Flat
£415K	01/21	0.36 mi	1, Arran Road, London, Greater London SE6 2LT	£3,876	107	2	Flat
£385K	10/23	0.4 mi	84b, Brookdale Road, London, Greater London SE6 4JP	-	-	2	Flat
£330K	08/23	0.41 mi	29a, Exbury Road, London, Greater London SE6 4NB	-	-	2	Flat
£360K	06/21	0.42 mi	119a, Bromley Road, Catford, London, Greater London SE6 2NZ	£3,871	93	2	Flat
£310K	01/21	0.43 mi	89a, Arran Road, London, Greater London SE6 2LS	£4,627	67	2	Flat
£305K	02/21	0.43 mi	145a, Culverley Road, London, Greater London SE6 2JZ	-	-	2	Flat
£268K	02/23	0.44 mi	211, Sangley Road, London, Greater London SE6 2DY	£4,254	63	2	Flat
£440K	09/23	0.44 mi	104a, Ringstead Road, London, Greater London SE6 2BS	-	-	2	Flat
£300K	09/21	0.46 mi	12, Iona Close, London, Greater London SE6 4YL	£4,615	65	2	Flat
£300K	12/23	0.46 mi	10, Iona Close, London, Greater London SE6 4YL	£4,167	72	2	Flat
£289K	03/21	0.47 mi	Flat 9, Faversham Court, Faversham Road, London, Greater London SE6 4XG	-	-	2	Flat
£320K	12/22	0.48 mi	2, Iona Close, London, Greater London SE6 4YL	£4,416	72	2	Flat
£276K	06/21	0.48 mi	75c, Laleham Road, London, Greater London SE6 2HU	£6,806	41	2	Flat
£351.8K	09/21	0.5 mi	68, Farley Road, London, Greater London SE6 2AB	£6,764	52	2	Flat
£410.5K	01/21	0.51 mi	57g, Ravensbourne Park Crescent, London, Greater London SE6 4YG	£5,949	69	2	Flat
£325K	05/21	0.52 mi	41, Farley Road, London, Greater London SE6 2AA	-	-	2	Flat
£350K	01/21	0.52 mi	9a, Callander Road, London, Greater London SE6 2QA	£5,738	61	2	Flat
£335K	07/21	0.52 mi	13, Callander Road, London, Greater London SE6 2QA	£5,403	62	2	Flat
£410K	02/21	0.53 mi	62b, Blythe Vale, London, Greater London SE6 4NW	£6,558	63	2	Flat
£290K	10/23	0.53 mi	Flat B, 5, Medusa Road, London, Greater London SE6 4JW	-	-	2	Flat
£406K	12/20	0.54 mi	First Floor Flat, 34, Ravensbourne Road, London, Greater London SE6 4UX	-	-	2	Flat
£370.2K	11/20	0.55 mi	5b, Perry Hill, London, Greater London SE6 4LF	£5,608	66	2	Flat
£285K	06/21	0.56 mi	54, Tugela Street, London, Greater London SE6 4DG	£4,914	58	2	Flat
£450K	08/23	0.57 mi	32a, Rosenthal Road, London, Greater London SE6 2BY	£9,000	50	2	Flat
£534K	05/23	0.57 mi	Upper Flat, 6, Carholme Road, London, Greater London SE23 2HS	£5,563	96	2	Flat
£550K	07/23	0.59 mi	28, Davenport Road, Catford, London, Greater London SE6 2AZ	£7,639	72	2	Flat
£385K	03/21	0.6 mi	128, Laleham Road, London, Greater London SE6 2AD	£5,274	73	2	Flat
£369K	04/21	0.62 mi	12a, Blythe Close, London, Greater London SE6 4UW	£8,200	45	2	Flat
£360K	02/23	0.62 mi	Lower Floor Flat, 3a, Davenport Road, Catford, London, Greater London SE6 2AY	-	-	2	Flat
£415K	11/21	0.62 mi	185, Laleham Road, London, Greater London SE6 2AE	£6,803	61	2	Flat
£360K	03/21	0.62 mi	157a, Laleham Road, London, Greater London SE6 2AE	£7,200	50	2	Flat
£295K	12/22	0.64 mi	28, Britton Close, London, Greater London SE6 1AP	£5,408	55	2	Flat
£423K	12/20	0.64 mi	27, George Lane, London, Greater London SE13 6HQ	£6,649	64	2	Flat
£310K	11/21	0.64 mi	Flat B, 96, Farley Road, London, Greater London SE6 2AR	-	-	2	Flat
£330K	11/23	0.65 mi	79, Broadmead, Bellingham, London, Greater London SE6 3SD	£6,111	54	2	Flat
£392.5K	09/23	0.65 mi	10c, Rutland Park, London, Greater London SE6 4LH	£6,767	58	2	Flat
£450K	12/22	0.65 mi	7a, Rutland Park, London, Greater London SE6 4LH	£7,290	62	2	Flat
£252K	09/21	0.65 mi	Flat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ	-	-	2	Flat
£532.5K	01/23	0.65 mi	73, Montem Road, London, Greater London SE23 1SH	£7,007	76	2	Flat

Local Rents

49 rents from £1.4K/mo to £2.6K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	08/24	0.03 mi	-	2	Flat
£1,995	09/24	0.03 mi	-	2	Flat
£2,600	08/24	0.04 mi	-	2	House
£2,600	11/24	0.04 mi	-	2	Flat
£2,600	12/24	0.04 mi	-	2	Flat
£2,600	02/25	0.04 mi	-	2	Flat
£1,400	08/24	0.07 mi	-	2	Flat
£1,800	08/24	0.08 mi	Bromley Road, London, SE6	2	Flat
£1,800	08/24	0.08 mi	-	2	Flat
£1,800	08/24	0.13 mi	Bromley Road, Catford, London, SE6	2	Flat
£1,750	02/24	0.15 mi	-	2	Flat
£1,575	09/24	0.16 mi	Apex Apartments, Culverley Road, SE6 2LF	2	Flat
£1,575	08/24	0.16 mi	Bromley Road, Catford	2	Flat
£1,800	08/24	0.17 mi	Penerley Road London SE6	2	Flat
£1,897	02/24	0.22 mi	-	2	Flat
£1,846	08/24	0.23 mi	Grosvenor Court Adenmore Road Catford SE6	2	Flat
£1,799	08/24	0.23 mi	Grosvenor Court, London, SE6	2	Flat
£1,850	09/24	0.23 mi	-	2	Flat
£1,750	10/24	0.23 mi	-	2	Flat
£1,800	08/24	0.23 mi	-	2	Flat
£2,500	12/24	0.23 mi	-	2	Flat
£2,200	03/25	0.23 mi	-	2	Flat
£1,950	08/24	0.23 mi	-	2	Flat
£1,795	08/24	0.24 mi	Shorndean Street, London, SE6	2	Flat
£1,700	02/24	0.25 mi	-	2	Flat
£1,500	08/24	0.25 mi	Engleheart Road, Catford, London, SE6	2	Flat
£1,516	02/25	0.26 mi	-	2	Flat
£1,516	02/25	0.26 mi	-	2	Flat
£1,516	02/25	0.26 mi	-	2	Flat
£1,600	03/25	0.26 mi	-	2	Flat
£1,650	10/24	0.26 mi	-	2	Flat
£1,900	01/25	0.26 mi	-	2	Flat
£1,700	01/25	0.26 mi	-	2	Flat
£1,650	08/24	0.27 mi	Adenmore Road, Catford, London, SE6	2	Flat
£1,750	12/24	0.27 mi	-	2	Flat
£1,850	11/23	0.3 mi	Adenmore Road, London, SE6	2	Flat
£1,650	08/24	0.3 mi	Glenwood Road, London, SE6	2	Flat
£2,000	08/24	0.31 mi	-	2	Flat
£1,800	10/24	0.31 mi	-	2	Flat
£1,900	04/25	0.31 mi	-	2	Flat
£2,000	09/24	0.31 mi	Adenmore Road, London, SE6	2	Flat
£1,900	08/24	0.31 mi	Plassy Road Catford SE6	2	Flat
£1,900	08/24	0.31 mi	Sangley Road Catford SE6	2	House
£1,750	08/24	0.32 mi	Bowness Road, Catford, London, SE6	2	Flat
£1,750	08/24	0.32 mi	Stanstead Road, London, SE6	2	Flat
£1,800	08/24	0.32 mi	Stanstead Road, SE6	2	Flat
£1,650	09/24	0.34 mi	Aitken Road, London, SE6	2	Terraced House
£1,650	02/24	0.34 mi	-	2	Terraced House
£1,650	10/24	0.34 mi	-	2	Terraced House

Local Area Statistics

Population in SE6	53,01153,011
Population in London	4,771,9214,771,921
Town centre distance	6.94 miles away6.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £250,000

January 8, 2025

Floor Plans

Description

Leasehold - 55 Years Remaining +
Parking +
Garden +
Close to Catford BR Station +
Good Order Throughout +
Chain Free +

SHORT LEASE - 55 YEARS REMAINING - CASH/INVESTMENT PURCHASE ONLY - DO NOT ENQUIRE IF YOU REQUIRE A MORTGAGE! Guide Price £250-275,000 For sale by mortgagee in possession. A leasehold, ground floor flat in Catford with two double bedrooms and a private section of garden. Presented in good condition throughout this would make an ideal investment purchase. Extension is valued at circa £65,000 - documents from chartered surveyor available for immediate inspection. Fabulously located for Catford Mainline BR station. Chain Free. Period Features throughout such as stained glass, original Victorian tiling and beautiful sash windows. Parking at the front of the building on a first come, first served basis. Viewings through seller's sole agent - Jeroen Hoppe at eXp UK Tenure - Leasehold, circa 55 years remaining Council Tax band B EPC Rating - C Service Charge - circa £700 Per Annum Ground Rent - £100 per annum

Agent Details

eXp UK, London

03304 609968

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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