2 Bed Flat, Single Let, London, SE15 3PH, £385,000

Peckham Rye, London, SE15 3PH - 2 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+12 photos

ValuationUndervalued

Sold Prices	£250K - £780K
Sold Prices/m²	£5.3K/m² - £14.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.7K/m²
Value Estimate	£500,000£500,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£96,250£96,250
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£116,950£116,950

Cash Out
Rent Range	£1,800 - £3,450£1,800 - £3,450
Rent Estimate	£1,800
Running Costs/mo	£1,583£1,583
Cashflow/mo	£217£217
Cashflow/yr	£2,603£2,603
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £250K to £780K, average is £460K. £5.3K/m² to £14.8K/m², average is £7.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£440K	01/23	0.01 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£375K	03/21	0.01 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£360K	06/23	0.06 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£460K	09/21	0.08 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£600K	06/21	0.09 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£415K	01/21	0.18 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£373K	05/21	0.19 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£426K	10/21	0.19 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£470K	06/21	0.2 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£530K	01/21	0.22 mi	33a, Fenwick Road, London, Greater London SE15 4HS	£9,298	57	2	Flat
£400K	06/23	0.23 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£600K	11/20	0.27 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£625K	03/21	0.32 mi	14b, Howden Street, London, Greater London SE15 4LB	£8,333	75	2	Flat
£528K	01/21	0.32 mi	54b, Keston Road, London, Greater London SE15 4JB	£6,684	79	2	Flat
£450K	06/23	0.32 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£460K	04/21	0.35 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat
£250K	11/20	0.36 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£345K	01/23	0.38 mi	Ground Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH	£6,273	55	2	Flat
£575K	11/20	0.39 mi	23b, Adys Road, London, Greater London SE15 4DX	£7,372	78	2	Flat
£600K	11/20	0.4 mi	50b, Adys Road, London, Greater London SE15 4DZ	£10,345	58	2	Flat
£365K	03/23	0.4 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£309K	06/21	0.4 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£780K	11/21	0.41 mi	57a, Choumert Road, London, Greater London SE15 4AR	-	-	2	Flat
£607.5K	03/21	0.41 mi	14a, Wroxton Road, London, Greater London SE15 2BN	£14,817	41	2	Flat
£587.5K	05/21	0.44 mi	26a, Crystal Palace Road, London, Greater London SE22 9HB	£10,880	54	2	Flat
£645K	02/21	0.46 mi	133a, Kirkwood Road, London, Greater London SE15 2BG	-	-	2	Flat
£477.5K	12/20	0.47 mi	117b, Brayards Road, London, Greater London SE15 2BX	£6,201	77	2	Flat
£687.5K	07/23	0.48 mi	8a, Worlingham Road, London, Greater London SE22 9HD	£10,742	64	2	Flat
£622.5K	06/21	0.48 mi	49, Worlingham Road, London, Greater London SE22 9HD	-	-	2	Flat
£667.5K	06/21	0.51 mi	27a, Ondine Road, London, Greater London SE15 4ED	-	-	2	Flat
£453.2K	02/21	0.51 mi	Ground Floor Flat, 61, Upland Road, London, Greater London SE22 0DA	£7,681	59	2	Flat
£430K	02/23	0.55 mi	104a, Oglander Road, London, Greater London SE15 4DB	£7,167	60	2	Flat
£640K	11/20	0.56 mi	8, Oxenford Street, London, Greater London SE15 4DE	£10,323	62	2	Flat
£340K	10/21	0.56 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£577K	04/21	0.57 mi	6a, North Cross Road, East Dulwich, London, Greater London SE22 9EU	-	-	2	Flat
£400K	05/23	0.57 mi	10, North Cross Road, East Dulwich, London, Greater London SE22 9EU	-	-	2	Flat
£345K	05/21	0.58 mi	Flat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP	-	-	2	Flat
£425K	06/23	0.59 mi	Flat B, 48, Barry Road, London, Greater London SE22 0HP	£9,444	45	2	Flat
£530K	11/20	0.6 mi	95a, Copleston Road, London, Greater London SE15 4AH	£8,983	59	2	Flat
£420K	05/21	0.6 mi	122, Barry Road, London, Greater London SE22 0HP	-	-	2	Flat
£590K	08/23	0.61 mi	37a, Copleston Road, London, Greater London SE15 4AN	£10,172	58	2	Flat
£320K	03/21	0.61 mi	Flat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE	-	-	2	Flat
£370K	07/23	0.61 mi	33, Stuart Road, London, Greater London SE15 3BE	£7,872	47	2	Flat
£435K	02/21	0.61 mi	39, Stuart Road, London, Greater London SE15 3BE	£8,700	50	2	Flat
£550K	06/21	0.61 mi	34, Ivydale Road, London, Greater London SE15 3BS	£9,496	58	2	Flat
£575K	03/23	0.61 mi	49c, Darrell Road, London, Greater London SE22 9NJ	-	-	2	Flat
£565K	06/21	0.61 mi	49a, Darrell Road, London, Greater London SE22 9NJ	-	-	2	Flat
£545K	06/21	0.62 mi	108a, Copleston Road, London, Greater London SE15 4AF	£9,083	60	2	Flat
£387.5K	06/21	0.62 mi	9, Evelina Road, London, Greater London SE15 2DX	£5,308	73	2	Flat
£430K	07/23	0.62 mi	15, Evelina Road, London, Greater London SE15 2DX	£5,733	75	2	Flat

Local Rents

45 rents from £1.8K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	11/24	0.03 mi	-	2	Flat
£2,050	10/24	0.06 mi	-	2	Flat
£2,000	08/24	0.08 mi	-	2	Flat
£2,000	08/24	0.12 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£2,200	08/24	0.12 mi	Huguenot Square London SE15	2	Flat
£2,250	03/25	0.13 mi	-	2	Semi-Detached House
£2,300	08/24	0.13 mi	Carden Road Nunhead SE15	2	Flat
£1,800	11/24	0.14 mi	-	2	Flat
£2,575	03/25	0.14 mi	-	2	Flat
£2,500	08/24	0.14 mi	Peckham Rye, Peckham, London, SE15	2	Flat
£2,500	08/24	0.14 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,500	08/24	0.14 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,750	08/24	0.14 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,750	08/24	0.14 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,500	08/24	0.14 mi	Peckham Rye, Peckham, London, SE15	2	Flat
£2,750	08/24	0.15 mi	Basi Terrace	2	Terraced House
£2,450	08/24	0.16 mi	Kinsale Road, Peckham, London, SE15	2	Flat
£2,000	11/24	0.16 mi	-	2	Flat
£1,800	08/24	0.18 mi	-	2	Flat
£2,200	10/24	0.18 mi	-	2	Flat
£1,850	08/24	0.19 mi	Linden Grove Peckham SE15	2	Flat
£2,201	08/24	0.2 mi	-	2	Flat
£2,300	08/24	0.2 mi	Heaton Road, Peckham, London, SE15	2	Flat
£2,100	03/25	0.21 mi	-	2	Flat
£2,625	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.21 mi	Heaton Road London SE15	2	Flat
£1,800	02/24	0.21 mi	-	2	Flat
£2,145	09/24	0.22 mi	Aura Court, 163 Peckham Rye, Peckham, London, SE15 3GW	2	Flat
£2,100	02/24	0.22 mi	-	2	Flat
£1,970	02/24	0.22 mi	-	2	Flat
£2,300	04/25	0.22 mi	-	2	Flat
£2,100	08/24	0.22 mi	Gordon Road Nunhead SE15	2	Flat
£2,300	02/25	0.23 mi	-	2	Flat
£1,800	08/24	0.23 mi	Peckham Rye, London SE15	2	Flat
£2,350	11/24	0.24 mi	-	2	Flat
£2,100	08/24	0.24 mi	Sternhall Lane Peckham SE15	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	4.79 miles away4.79 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.47 miles away0.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Price changed to £385,000

February 13, 2025

Listed for £400,000

January 13, 2025

Floor Plans

Description

Built circa. 1930 +
Ground Floor +
Two Bedrooms +
Communal Garden +
Occupying Prime Position +
Close To Transport Links +
Leasehold +
Energy Efficiency Rating C +

Guide Price £400,000 - £425,000
1930’s two bedroom ground floor flat located within the sought after Howard Court, set in the heart of Peckham Rye.

Boasting approximately 500sqft of living accommodation, this well-proportioned property comprises; a large front reception room with bay window overlooking Peckham Rye Common, modern kitchen which provides direct access to the rear communal gardens, as well as spacious communal grounds inside the courtyard. A neutral bathroom with three piece suite and two bedrooms with the larger situated to the rear benefitting from an attractive bay window.

Occupying one of Peckham’s most popular locations, with easy access to Peckham Rye (0.5mi) and Nunhead (0.7mi) stations which both provide fast & frequent services into central London. As well as just a short walk local bars, restaurants and café’s that Peckham Rye and East Dulwich have to offer.

Lease Length: 113 Years
Service Charge: £1,660 pa
Ground Rent: £0 pa
Energy Efficiency Rating: C
Council Tax Band: A

Agent Details

Acorn, Peckham Rye

020 7123 8480

Next Steps?

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

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