2 Bed Flat, Single Let, London, SE16 3ET, £385,000

Weald Close, London, SE16 3ET - 1 views - 3 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£226K - £565K
Sold Prices/m²£3.6K/m² - £13.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.7K/m²

Value Estimate

£410,056
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£19,500

Total Cash In

£115,750

 

 

Cash Out

 

Rent Range

£1,650 - £2,600

Rent Estimate

£1,700

Running Costs/mo

£1,563

Cashflow/mo

£137

Cashflow/yr

£1,643

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £226K to £565K, average is £368.1K. £3.6K/m² to £13.3K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£492.5K08/230.13 miFlat 17, St Augustines Court, Lynton Road, London, Greater London SE1 5DP2
£315K02/210.21 miFlat 15, Radcliffe House, Anchor Street, London, Greater London SE16 3LT2
£317K12/200.24 miFlat 47, Barry House, Rennie Estate, London, Greater London SE16 3PH2
£338K03/230.41 miFlat 21, Mawbey House, Old Kent Road, London, Greater London SE1 5PG2
£465K01/210.42 mi2a, Longley Street, London, Greater London SE1 5QQ2
£345.5K06/230.45 miFlat 11, Robert Jones House, Eveline Lowe Estate, London, Greater London SE16 3SR2
£385K02/230.49 mi36, Bushwood Drive, London, Greater London SE1 5RE2
£226K12/200.5 miFlat 3, Ednam House, Friary Estate, London, Greater London SE15 6SE2
£365K04/210.52 mi68, Lucey Way, London, Greater London SE16 3UF2
£345K02/210.52 mi42, Lucey Way, London, Greater London SE16 3UF2
£380K10/200.53 mi22, Woolstaplers Way, London, Greater London SE16 3UP2
£240K02/210.54 mi69, Haymerle Road, London, Greater London SE15 6SQ2
£325K12/210.54 mi66, Latona Road, London, Greater London SE15 6RY2
£385K05/230.58 mi174, Lockwood Square, London, Greater London SE16 2HY2
£375K08/210.6 mi30, Cadbury Way, London, Greater London SE16 3XB2
£445K03/230.61 mi69a, Friary Road, Peckham, London, Greater London SE15 1QS2
£295K01/210.62 mi66, Bridge Meadows, London, Greater London SE14 5SX2
£307K03/210.62 mi69, Bridge Meadows, London, Greater London SE14 5SX2
£365K02/230.64 mi45, Goodwin Close, London, Greater London SE16 3TL2
£528.5K04/210.64 mi47a, Naylor Road, London, Greater London SE15 1QJ2
£365K06/230.64 mi89, Naylor Road, London, Greater London SE15 1QJ2
£533.5K05/210.66 mi5a, Nutcroft Road, London, Greater London SE15 1AG2
£347K05/210.67 mi105, Pennack Road, London, Greater London SE15 6DE2
£430.5K03/210.69 mi22, Clifton Crescent, London, Greater London SE15 2RX2
£478.9K06/230.69 mi31, Clifton Crescent, London, Greater London SE15 2RX2
£332K04/230.69 mi102, Water Lane, London, Greater London SE14 5DN2
£400K07/230.73 miFlat 15, Courthope House, Lower Road, London, Greater London SE16 2XH2
£377.5K01/210.74 miFirst Floor Flat B, 4, Kincaid Road, London, Greater London SE15 5UN2
£300K08/210.75 miFlat 3, Glastonbury Court, Farrow Lane, London, Greater London SE14 5EA2
£425K01/210.75 mi22, Meeting House Lane, London, Greater London SE15 2UN2
£365K09/210.76 miFlat 11, Wells House, Howland Estate, London, Greater London SE16 7BN2
£520K09/210.77 mi79b, Trundleys Road, London, Greater London SE8 5BD2
£365K03/210.77 mi33, Blanch Close, London, Greater London SE15 2LD2
£391K07/230.79 miFlat 18, Ritchie House, Howland Estate, London, Greater London SE16 7BL2
£335K12/200.8 mi14b, Marmont Road, London, Greater London SE15 5TE2
£505K09/230.8 miFlat 4, Willow House, Curtis Street, London, Greater London SE1 5SL2
£335K05/210.8 miFlat 25, Palm Court, Garnies Close, London, Greater London SE15 6PB2
£402K03/230.81 mi47, Laburnum Close, London, Greater London SE15 2LJ2
£400K06/230.81 mi32, Wentworth Crescent, London, Greater London SE15 5UG2
£565K06/230.81 miFlat 21, Parker Building, Freda Street, London, Greater London SE16 4ED2
£315K07/210.81 mi101, John Silkin Lane, London, Greater London SE8 5BE2
£371.3K04/210.81 mi107, John Silkin Lane, London, Greater London SE8 5BE2
£470K07/230.82 miFlat 1, Murdoch House, Moodkee Street, London, Greater London SE16 7BJ2
£360K06/210.82 mi97, Bath Close, London, Greater London SE15 2JT2
£335K11/210.82 mi21, Sybil Phoenix Close, London, Greater London SE8 5BA2
£440K11/200.82 miFlat 10, Havisham House, Scott Lidgett Crescent, London, Greater London SE16 4UY2
£420K04/210.82 miFlat 4, Shannon Court, Garnies Close, London, Greater London SE15 6LJ2
£355K04/230.83 mi20, Garnies Close, London, Greater London SE15 6HW2
£400K05/210.87 miFlat 15, Melville Court, Croft Street, London, Greater London SE8 5DR2
£340K12/200.9 miFlat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY2

Local Rents

50 rents from £1.6K/mo to £2.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,10004/250.03 mi-2
£1,85001/250.03 mi-2
£2,10004/250.04 mi-2
£2,10003/250.04 mi-2
£1,80001/250.04 mi-2
£1,85008/240.06 miMonet Court, Bermondsey, London, SE162
£1,90012/240.06 mi-2
£1,70012/240.06 mi-2
£1,70008/240.07 miRossetti Road, London2
£1,89512/240.07 mi-2
£1,85004/250.07 mi-2
£2,10004/250.08 mi-2
£1,79812/240.08 miRossetti Road, London2
£1,80003/250.08 mi-2
£1,80004/250.08 mi-2
£2,30003/250.08 mi-2
£1,80012/240.09 miRossetti Road, London, SE162
£2,50012/240.09 mi-2
£1,80012/240.09 miStevenson Crescent, Surrey Quays, London, SE162
£2,40008/240.1 mi-2
£2,20008/240.1 mi-2
£1,84208/240.1 miRossetti Road, Bermondsey2
£1,85012/240.1 miRossetti Road London SE162
£1,65012/240.1 miRossetti Road Bermondsey SE162
£2,00008/240.1 miSheppard Drive, London, SE162
£1,90008/240.1 mi-2
£1,80012/240.1 mi-2
£1,80012/240.1 mi-2
£1,69502/250.1 mi-2
£2,04703/250.1 mi-2
£1,85004/250.1 mi-2
£1,80008/240.11 mi-2
£2,00008/240.12 miHockney Court, SE16 3EA2
£2,00012/240.12 miSherwood Gardens Bermondsey SE162
£1,80002/240.12 mi-2
£2,34508/240.13 miKite House, 286 Lynton Road, London, SE12
£2,60008/240.13 miLynton Road, Bermondsey, London, SE12
£1,85012/240.14 mi-2
£2,00012/240.14 miStubbs Drive London SE162
£1,75003/250.14 mi-2
£1,85008/240.15 mi-2
£2,00008/240.15 mi-2
£1,95012/240.15 mi-2
£2,55712/240.15 mi-2
£2,45008/240.15 miRotherhithe New Road Bermondsey SE162
£2,30012/240.15 miRotherhithe New Road London SE162
£2,20012/240.15 miRotherhithe New Road London SE162
£2,10008/240.15 miArgyle Way, London, SE16 3JQ2
£2,16712/240.16 mi-2
£2,40012/240.16 miFern Walk, Bermondsey, London, SE162

Local Area Statistics

Population in SE16

45,831

Population in London

4,771,921

Town centre distance

3.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Buyer's market

Capital growth (5yrs)

-1%

Property History

Listed for £385,000

January 23, 2025

Floor Plans

Description

  • Purpose Built Apartment +
  • Popular Residential Development +
  • Ground Floor +
  • Two Bedroom +
  • 553 Sq Ft +
  • Immaculate Interior +
  • Allocated Parking +
  • Central Location +

Centrally located within a popular, private residential development, is this immaculate two double bedroom ground floor apartment. Having been substantially upgraded and lovingly maintained by the current owners this 553 Sq Ft property is offered in exceptional condition.

On entering, a generous hallway offers considerable storage and leads to al rooms separately. Sitting to the front is the impressive 14ft reception. A fantastic space that is naturally bright and neatly divides into seating and dining areas. The 8ft kitchen is separate, modern, and stylish. White gloss units are offset against a wooden work surface, white metro tiles complete the look. A lovely room that will certainly appeal to those looking for a separation from the main reception. Both bedrooms are generous doubles, the master extending to 12ft with ample built in wardrobes. Bedroom two is equally impressive and ideal for those looking to let out the second room or requiring a home office. The bathroom is large, modern, and very much in keeping with the quality throughout. Further benefits include, upgraded heating, secure entry and an allocated parking space.

Weald Close is a popular, peaceful no through road, located in the heart of trendy Bermondsey. Delights on your doorstep include the renowned food markets of Spa Terminus, Maltby Street and Borough, as well as the popular Bermondsey Beer Mile! The green spaces of Southwark and Burgess Park are both a short distance away. Transport links could not be better with South Bermondsey literally at the end of the street, that is only one stop from London Bridge station, not to mention the plethora of locally renowned bus links and Bermondsey tube on the Jubilee Line 0.8 miles away. Commuting to The City and Canary Wharf could not be easier.

Lease Length 155 years, Service Charge £2000pa, Ground Rent £10pa, Energy Efficiency Rating: D, Council Tax Band: C

Agent Details

Acorn, London Bridge

020 7123 8455

Next Steps?

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