2 Bed Flat, Single Let, London, SE25 6SD, £225,000

Pierrepoint, Ross Road, London, SE25 6SD - 3 views - 3 months ago

Auction
BTL
ROI: 9%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£207.5K - £475K
Sold Prices/m²£4K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£281,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£999 - £2,300

Rent Estimate

£1,500

Running Costs/mo

£1,023

Cashflow/mo

£477

Cashflow/yr

£5,723

ROI

9%

Gross Yield

8%

Local Sold Prices

51 sold prices from £207.5K to £475K, average is £315K. £4K/m² to £8.1K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£315K02/230.11 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£260K03/210.14 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£275K10/200.16 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£245K04/210.19 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£330K11/200.19 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£260K03/230.2 mi94, Whitworth Road, London, Greater London SE25 6XL2
£280K01/230.21 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£207.5K07/210.26 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£330K04/210.3 mi301, Grange Road, London, Greater London SE25 6TD2
£325K11/210.32 mi199, Grange Road, London, Greater London SE25 6TG2
£365K12/200.32 miFlat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£362K03/210.32 miFlat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£365K11/220.34 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£307.5K06/210.35 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£289K02/210.37 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£290K02/210.37 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£300K12/200.37 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£355K01/230.39 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£442.5K05/230.43 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£387.5K01/210.47 mi26, Kitley Gardens, London, Greater London SE19 2RY2
£365K04/210.47 mi14, Kitley Gardens, London, Greater London SE19 2RY2
£292.5K12/200.48 mi25a, Lancaster Road, London, Greater London SE25 4BJ2
£328.8K02/230.49 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£365K06/230.5 mi156, Sylvan Road, London, Greater London SE19 2SA2
£360K01/210.5 mi24, Sylvan Road, London, Greater London SE19 2RZ2
£297K10/210.5 mi114, Sylvan Road, London, Greater London SE19 2RZ2
£318K11/210.5 mi102, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.5 mi120, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.5 mi120, Sylvan Road, London, Greater London SE19 2RZ2
£332.5K06/210.52 mi2, Auckland Rise, London, Greater London SE19 2EA2
£273K12/200.53 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£307.5K03/210.53 mi355, Church Road, London, Greater London SE19 2QJ2
£325K10/220.53 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£465K02/210.55 mi21c, Sylvan Road, London, Greater London SE19 2RU2
£475K07/230.55 mi45a, Sylvan Road, London, Greater London SE19 2RU2
£275K06/210.57 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£307K08/210.57 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.57 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£235K02/230.62 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£320K06/210.62 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£290K08/210.63 mi21, Cargreen Road, London, Greater London SE25 5AD2
£265K11/210.63 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£302K12/200.63 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£308.6K09/210.64 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£420K02/230.66 mi207c, Church Road, London, Greater London SE19 2QQ2
£415K01/210.67 miFlat 16, Bedford Court, Mowbray Road, London, Greater London SE19 2RW2
£400K06/210.67 miFlat 6, Bedford Court, Mowbray Road, London, Greater London SE19 2RW2
£343K12/200.67 mi13, Homelands Drive, London, Greater London SE19 2NU2
£225K11/200.67 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£300K11/200.67 mi13, Haysleigh Gardens, London, Greater London SE20 8SS2
£270K10/210.69 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2

Local Rents

49 rents from £999/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65009/240.01 mi-2
£1,65008/240.01 miPierrepoint, London, SE252
£1,69003/250.01 mi-2
£1,65004/250.07 mi-2
£1,90008/240.08 mi-2
£1,80008/240.08 mi-2
£2,00008/240.08 mi-2
£2,30008/240.08 mi-2
£2,00008/240.11 miWhitehorse Lane, South Norwood2
£1,60009/240.13 mi-2
£1,70008/240.15 mi-2
£1,62508/240.17 miSouth Norwood Hill, London, SE252
£1,62508/240.17 mi-2
£2,10008/240.19 mi-2
£2,10010/240.19 mi-2
£2,10008/240.19 miSouth Norwood Hill, London, SE252
£2,10008/240.19 miSouth Norwood Hill, London, SE252
£1,60010/240.19 mi-2
£1,60008/240.2 mi-2
£1,70010/240.23 mi-2
£1,70009/240.24 miSouth Norwood Hill London SE252
£1,65008/240.25 miSouth Norwood Hill, London, SE252
£1,80008/240.25 mi-2
£1,80008/240.25 mi-2
£99908/240.25 miWhitworth Road, South Norwood, SE252
£1,50008/240.26 miWhitehorse Lane, London, SE252
£1,60008/240.26 mi76 Whitworth Road, London, SE252
£2,00008/240.27 miWhitehorse Lane, London, SE252
£1,79511/230.27 miBroster Gardens, South Norwood, SE252
£1,65003/250.27 mi-2
£1,85008/240.27 miBroster Gardens London SE252
£1,85008/240.28 mi-2
£1,85008/240.28 miBROSTER GARDENS, LONDON, SE25, South Norwood, London, SE252
£1,69508/240.28 mi-2
£1,60011/230.3 miDorrington Court, SE252
£1,60008/240.33 miFlat B, Oliver Avenue, South Norwood, SE252
£1,60008/240.34 miBRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE252
£1,50009/240.34 mi-2
£1,50008/240.34 miWhitworth Road, London, SE252
£1,60002/250.34 mi-2
£1,65008/240.34 miHolmesdale Close London SE252
£2,00008/240.34 miThe Heights, London, SE192
£1,70008/240.34 mi-2
£1,59503/240.35 mi-2
£1,59503/240.35 miLenham Road, Thornton Heath, CR72
£1,60008/240.35 miSouth Norwood Hill, South Norwood2
£1,90003/250.35 mi-2
£1,69512/240.38 mi-2
£1,64512/240.38 mi-2

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

8.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £225,000

January 17, 2025

Description

  • This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than two working days from the bidding closing time.  +
  • This listing is provided in association with Foxtons, London's leading estate agent. +
  • Fantastic two bedroom apartment +
  • Bright and spacious reception room +
  • Smart kitchen +
  • Comfortable double bedrooms and a family bathroom +
  • Private garage +
  • Set on the third floor with lift access +
  • Gross internal floor area is approximately 762 Sq Ft (70.79 Sq M) +
  • Online Auction on Thursday, 23 January 2025 +

Located moments away from Grangewood Park, this fantastic two bedroom apartment offers bright and spacious accommodation with large reception room, smart kitchen, double bedrooms and a private garage. Additional Comments BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons. Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams. Subject to confirmation This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of you and the vendor.

Location:
Ross Road presents a superb location with easy access to the amenities of South Norwood High Street. Grangewood Park is just moments away, along with excellent connections to London and Croydon from Norwood Junction, and Thornton Heath stations.

Accomodation:
Garage
Third floor: reception room, kitchen, two bedrooms, bathroom.

Online Auction on Thursday, 23 January 2025. For further information, such as legal documents and property information, please visit bidx1.com.

Agent Details

BidX1, London

020 3910 6202

Next Steps?

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