2 Bed Flat, Single Let, London, SE15 3JN, £500,000

5 Rye Hill Park, London, SE15 3JN - 3 months ago

BTL

61 m²

+11 photos

ValuationOvervalued

Sold Prices	£250K - £600K
Sold Prices/m²	£4.9K/m² - £9.5K/m²

Square Metres	61 m²
Price/m²	£8.2K/m²
Value Estimate	£429,068£429,068

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£153,700£153,700

Cash Out
Rent Range	£1,550 - £2,750£1,550 - £2,750
Rent Estimate	£1,725
Running Costs/mo	£1,928£1,928
Cashflow/mo	£-202£-202
Cashflow/yr	£-2,430£-2,430
Gross Yield	4%4%

Local Sold Prices

51 sold prices from £250K to £600K, average is £430K. £4.9K/m² to £9.5K/m², average is £7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£309K	06/21	0.04 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£250K	11/20	0.07 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£600K	11/20	0.17 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£435K	02/21	0.19 mi	39, Stuart Road, London, Greater London SE15 3BE	£8,700	50	2	Flat
£370K	07/23	0.19 mi	33, Stuart Road, London, Greater London SE15 3BE	£7,872	47	2	Flat
£373K	05/21	0.27 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£415K	01/21	0.29 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£500K	07/23	0.29 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£500K	07/23	0.29 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£450K	06/23	0.33 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£530K	04/23	0.35 mi	18a, Surrey Road, London, Greater London SE15 3AU	-	-	2	Flat
£500K	04/23	0.35 mi	59, Surrey Road, London, Greater London SE15 3AS	£6,515	77	2	Flat
£536.5K	06/23	0.35 mi	23, Surrey Road, London, Greater London SE15 3AS	£9,093	59	2	Flat
£535K	06/21	0.36 mi	312a, Ivydale Road, London, Greater London SE15 3DG	-	-	2	Flat
£600K	06/21	0.36 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£360K	06/23	0.42 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£440K	01/23	0.42 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£375K	03/21	0.43 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£510K	12/20	0.44 mi	22, Fernholme Road, London, Greater London SE15 3EF	£8,947	57	2	Flat
£355K	11/20	0.46 mi	38, Athenlay Road, London, Greater London SE15 3EL	£6,339	56	2	Flat
£453.2K	02/21	0.46 mi	Ground Floor Flat, 61, Upland Road, London, Greater London SE22 0DA	£7,681	59	2	Flat
£550K	06/21	0.46 mi	34, Ivydale Road, London, Greater London SE15 3BS	£9,496	58	2	Flat
£465K	05/21	0.47 mi	11b, Athenlay Road, London, Greater London SE15 3EA	-	-	2	Flat
£580K	06/23	0.48 mi	52, Forest Hill Road, London, Greater London SE22 0RR	£7,436	78	2	Flat
£320K	05/21	0.5 mi	85, Brenchley Gardens, London, Greater London SE23 3RE	£4,935	65	2	Flat
£321.5K	08/21	0.5 mi	75, Brenchley Gardens, London, Greater London SE23 3RE	£5,161	62	2	Flat
£330K	01/21	0.5 mi	129, Brenchley Gardens, London, Greater London SE23 3RF	-	-	2	Flat
£345K	01/23	0.5 mi	139, Brenchley Gardens, London, Greater London SE23 3RF	£5,149	67	2	Flat
£460K	09/21	0.5 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£365K	03/23	0.51 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£410K	06/21	0.51 mi	34, Therapia Road, London, Greater London SE22 0SE	£5,000	82	2	Flat
£321.5K	08/21	0.52 mi	75, Brenchley Gardens, London, Greater London SE23 3RE	£5,161	62	2	Flat
£407.5K	06/21	0.53 mi	Flat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£386.5K	11/20	0.54 mi	Flat 45, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£430K	02/21	0.54 mi	Flat 50, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£440K	03/21	0.54 mi	Flat 25, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£426K	10/21	0.54 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£320K	03/21	0.54 mi	Flat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE	-	-	2	Flat
£470K	06/21	0.54 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£400K	06/23	0.54 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£490K	03/23	0.55 mi	114a, Forest Hill Road, London, Greater London SE22 0RS	£6,956	70	2	Flat
£540K	05/23	0.55 mi	84b, Forest Hill Road, London, Greater London SE22 0RS	£7,826	69	2	Flat
£460K	04/21	0.56 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat
£600K	03/21	0.56 mi	23b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat
£345K	01/23	0.56 mi	Ground Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH	£6,273	55	2	Flat
£600K	12/20	0.56 mi	35b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat
£600K	09/21	0.56 mi	29b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat
£345K	05/21	0.57 mi	Flat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP	-	-	2	Flat
£335K	03/21	0.58 mi	3, Beacon Gate, London, Greater London SE14 5UB	£6,321	53	2	Flat
£385K	09/21	0.58 mi	14, Beacon Gate, London, Greater London SE14 5UB	£7,130	54	2	Flat
£425K	06/23	0.58 mi	Flat B, 48, Barry Road, London, Greater London SE22 0HP	£9,444	45	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.8K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	08/24	0.08 mi	Rye Hill Park Peckham SE15	2	Flat
£1,550	08/24	0.09 mi	Rye Hill Park, London, SE15	2	Flat
£2,000	03/25	0.11 mi	-	2	Flat
£2,250	08/24	0.13 mi	Waveney Avenue, Peckham Rye, London, SE15	2	House
£2,200	04/25	0.14 mi	-	2	Flat
£2,100	02/24	0.21 mi	-	2	Flat
£1,970	02/24	0.21 mi	-	2	Flat
£2,300	02/25	0.21 mi	-	2	Flat
£1,800	08/24	0.22 mi	Peckham Rye, London SE15	2	Flat
£1,800	02/24	0.22 mi	-	2	Flat
£2,145	09/24	0.22 mi	Aura Court, 163 Peckham Rye, Peckham, London, SE15 3GW	2	Flat
£2,600	12/24	0.22 mi	-	2	Terraced House
£1,995	08/24	0.23 mi	Linden Grove Peckham SE15	2	Flat
£2,300	04/25	0.23 mi	-	2	Flat
£2,201	08/24	0.25 mi	-	2	Flat
£2,100	08/24	0.26 mi	-	2	Flat
£2,700	08/24	0.28 mi	Sartor Road SE15	2	Semi-Detached House
£1,850	08/24	0.28 mi	Linden Grove Peckham SE15	2	Flat
£1,800	08/24	0.29 mi	-	2	Flat
£2,200	10/24	0.29 mi	-	2	Flat
£2,200	08/24	0.29 mi	Inverton Villas, Inverton Road	2	Flat
£2,300	08/24	0.3 mi	Carden Road Nunhead SE15	2	Flat
£2,200	02/24	0.3 mi	-	2	Terraced House
£2,200	08/24	0.31 mi	Cheltenham Road London SE15	2	Flat
£2,575	03/25	0.31 mi	-	2	Flat
£2,000	11/24	0.32 mi	-	2	Flat
£2,500	08/24	0.33 mi	-	2	Flat
£1,600	04/25	0.34 mi	-	2	Flat
£2,250	09/24	0.34 mi	-	2	Flat
£2,250	04/25	0.36 mi	-	2	Semi-Detached House
£2,600	08/24	0.37 mi	Harlescott Road, Nunhead, London, SE15	2	Flat
£2,050	10/24	0.38 mi	-	2	Flat
£2,000	08/24	0.38 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£2,200	11/24	0.4 mi	-	2	Flat
£2,750	08/24	0.4 mi	Basi Terrace	2	Terraced House
£1,850	08/24	0.42 mi	Peckham Rye, Peckham Rye	2	Flat
£2,250	08/24	0.42 mi	-	2	Flat
£2,300	08/24	0.43 mi	Barry Road, East Dulwich, London, SE22	2	Flat
£1,800	08/24	0.43 mi	-	2	Semi-Detached House
£1,800	10/24	0.43 mi	-	2	Semi-Detached House
£2,000	10/23	0.44 mi	Ivydale Road, London, SE15	2	Flat
£2,100	08/24	0.45 mi	-	2	Terraced House
£2,100	02/25	0.46 mi	-	2	Flat
£1,800	09/24	0.46 mi	-	2	Flat
£2,100	08/24	0.47 mi	The Gardens, East Dulwich London SE22	2	Flat
£2,100	08/24	0.48 mi	Gordon Road Nunhead SE15	2	Flat
£2,000	08/24	0.49 mi	Ivydale Road, Nunhead, London, SE15	2	Flat
£2,350	02/25	0.49 mi	-	2	Flat
£1,800	09/24	0.49 mi	-	2	Flat
£2,000	08/24	0.5 mi	-	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	5.19 miles away5.19 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.55 miles away0.55 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

Listed for £500,000

January 23, 2025

Floor Plans

Description

Two double bedrooms +
Communal garden with direct access +
Share of freehold +
Lovely solid wooden floors throughout +
Quiet location +
Tastefully renovated +

This lovely property features a large semi open plan living/dining room complete with hard wood floors and a kitchen with ample space to relax, entertain and cook. Both bedrooms are double with the main benefiting from a huge fitted wardrobe and there is a good-sized three-piece bathroom.

Off the living room you have direct access via double doors to a communal garden which has been well maintained by the residents of the building. You also have your own raised veg patch if you wish to use it.

Central to everything, the property is in a perfect position for enjoying the popular centres of Nunhead, Peckham, and East Dulwich, with a choice of excellent independent high street shopping on your doorstep and tantalizing new places popping up. Nunhead Village is in strolling distance with a wide range of independently run restaurants, pubs, cafes, shops, and local gems such as Ayre's bakery, Soper's fishmongers, The Old Nun's Head gastro pub, and other restaurants and cafes surrounding The Green including the sophisticated Kudu and El Vermut to name a couple. On Bellenden Road, Artusi serves decadent pastas and superb puddings. Scoff chocs around the corner at Melange before retiring to the Victoria Inn, Peckham's best boozer.

Peckham Rye Park is literally on your doorstep, one of London's loveliest green spaces and a refuge from the urban sprawl of the city – with its formal gardens, café, pond and open spaces, there's something for everyone. Just beyond the park, sitting on the hill next to the delightful Victorian cemetery – which itself is an essential place for a Sunday morning stroll – sandwiched between Nunhead Cemetery and Peckham Rye Common, the reservoir's 15 acres of wide-open green space offers a fantastic urban oasis, along with some of the best panoramic views in South London!

Also, wonderful The Ivy House pub, London's first cooperatively owned pub, is close by.

Share of freehold - 900+years
Service charge - £50pm
Council tax band - B

Agent Details

Gareth James Property, South East London

020 3834 8094

Next Steps?

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

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