3 Bed Flat, Single Let, London, SE13 7LB, £325,000

Lewisham Road, London, SE13 7LB - 1 views - 3 months ago

Leasehold

BTL

ROI: 4%

~93 m²

+9 photos

ValuationUndervalued

Sold Prices	£332K - £1.2M
Sold Prices/m²	£3.7K/m² - £8.4K/m²

Square Metres	~93 m²
Price/m²	£3.5K/m²
Value Estimate	£406,250£406,250
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,750 - £5,950£1,750 - £5,950
Rent Estimate	£1,700
Running Costs/mo	£1,376£1,376
Cashflow/mo	£324£324
Cashflow/yr	£3,893£3,893
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

36 sold prices from £332K to £1.2M, average is £525K. £3.7K/m² to £8.4K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£346K	10/23	0.04 mi	190, Lewisham Road, London, Greater London SE13 7LE	£4,071	85	3	Flat
£399.9K	12/20	0.08 mi	Flat 1, Burnett House, Lewisham Hill, London, Greater London SE13 7PD	-	-	3	Flat
£332K	06/21	0.12 mi	86, Lewisham Hill, London, Greater London SE13 7EL	£4,099	81	3	Flat
£353K	06/21	0.27 mi	108, Coldbath Street, London, Greater London SE13 7RL	-	-	3	Flat
£525K	11/20	0.36 mi	71b, Halesworth Road, London, Greater London SE13 7TJ	£6,646	79	3	Flat
£1.2M	01/23	0.45 mi	9b, The Orchard, London, Greater London SE3 0QS	-	-	3	Flat
£335K	12/20	0.47 mi	13, Marischal Road, London, Greater London SE13 5LE	£3,722	90	3	Flat
£670K	04/23	0.5 mi	Flat 2, Conduit House, Hyde Vale, London, Greater London SE10 8HW	-	-	3	Flat
£490K	01/23	0.51 mi	10, Blissett Street, London, Greater London SE10 8UP	£5,568	88	3	Flat
£625K	04/23	0.52 mi	11a, Tyrwhitt Road, London, Greater London SE4 1QD	-	-	3	Flat
£467.5K	04/21	0.54 mi	9b, Overcliff Road, London, Greater London SE13 7UB	-	-	3	Flat
£367K	11/20	0.57 mi	Flat 1, Chesney House, Mercator Road, London, Greater London SE13 5EJ	-	-	3	Flat
£585K	02/21	0.6 mi	Upper Maisonette, 96, Embleton Road, London, Greater London SE13 7DG	-	-	3	Flat
£656K	02/21	0.63 mi	15c, Tressillian Road, London, Greater London SE4 1YG	£6,358	103	3	Flat
£688.5K	03/23	0.63 mi	15c, Tressillian Road, London, Greater London SE4 1YG	£6,673	103	3	Flat
£592K	09/21	0.64 mi	21, Greenwich High Road, London, Greater London SE10 8JL	-	-	3	Flat
£590K	06/21	0.7 mi	16, Lee Terrace, London, Greater London SE3 9TZ	£6,941	85	3	Flat
£710K	09/23	0.72 mi	Flat 5, Swanne House, Gloucester Circus, London, Greater London SE10 8RU	-	-	3	Flat
£660K	03/21	0.75 mi	69b, Tressillian Road, London, Greater London SE4 1YA	£6,168	107	3	Flat
£620K	04/21	0.79 mi	23b, Manor Avenue, London, Greater London SE4 1PE	£5,849	106	3	Flat
£500K	04/21	0.8 mi	36a, Algiers Road, London, Greater London SE13 7JE	£7,042	71	3	Flat
£375K	06/21	0.82 mi	Flat 26, Holden House, Deptford Church Street, London, Greater London SE8 4SQ	-	-	3	Flat
£570K	03/21	0.84 mi	65, Adelaide Avenue, London, Greater London SE4 1JY	£8,370	68	3	Flat
£487.5K	01/21	0.84 mi	89, Adelaide Avenue, London, Greater London SE4 1JY	£5,540	88	3	Flat
£555K	04/21	0.84 mi	69, Adelaide Avenue, London, Greater London SE4 1JY	£7,708	72	3	Flat
£675K	04/23	0.84 mi	87, Adelaide Avenue, London, Greater London SE4 1JY	£7,181	94	3	Flat
£360K	02/21	0.87 mi	Flat 23, Haddo House, Haddo Street, London, Greater London SE10 9SG	-	-	3	Flat
£365K	09/23	0.87 mi	Flat 95, Haddo House, Haddo Street, London, Greater London SE10 9SE	-	-	3	Flat
£435K	01/21	0.88 mi	141c, Courthill Road, London, Greater London SE13 6DR	£4,350	100	3	Flat
£500K	03/21	0.89 mi	39, Rokeby Road, London, Greater London SE4 1DE	£6,329	79	3	Flat
£650K	06/21	0.92 mi	29, Chalsey Road, London, Greater London SE4 1YN	£8,084	80	3	Flat
£440K	03/21	0.94 mi	Flat 6, Grove House, Blackheath Grove, Blackheath, London, Greater London SE3 0DG	-	-	3	Flat
£607.5K	01/21	0.97 mi	Flat 3, Spangate, Blackheath Park, London, Greater London SE3 9RS	-	-	3	Flat
£537K	02/21	0.97 mi	210a, Tressillian Road, London, Greater London SE4 1XY	£7,066	76	3	Flat
£385K	08/23	0.98 mi	64, Nightingale Grove, London, Greater London SE13 6DY	-	-	3	Flat
£525K	02/21	1 mi	60, Manor Park, London, Greater London SE13 5RL	-	-	3	Flat

Local Rents

49 rents from £1.8K/mo to £6K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	02/25	0.06 mi	-	3	Flat
£3,695	08/24	0.08 mi	Conington Road, London, SE13	3	Flat
£3,740	08/24	0.08 mi	Conington Road, London, SE13	3	Flat
£2,200	08/24	0.08 mi	-	3	House
£2,800	09/24	0.11 mi	Lewisham Hill, London, SE13	3	Flat
£2,800	10/24	0.11 mi	-	3	Flat
£2,000	08/24	0.19 mi	Walerand Road, Lewisham	3	Flat
£2,200	02/24	0.19 mi	-	3	Flat
£2,750	04/25	0.2 mi	-	3	Flat
£2,450	04/25	0.2 mi	-	3	Flat
£2,650	04/25	0.22 mi	-	3	Flat
£2,700	08/24	0.23 mi	Cressingham Road, London, SE13	3	Flat
£2,700	08/24	0.23 mi	-	3	Flat
£2,700	08/24	0.23 mi	-	3	Flat
£2,750	04/25	0.25 mi	-	3	Flat
£2,650	03/25	0.25 mi	-	3	Flat
£2,600	08/24	0.25 mi	Venice Corte, 2 Elmira Street, LONDON, SE13	3	Flat
£2,600	10/24	0.26 mi	-	3	Flat
£2,700	08/24	0.26 mi	Cornmill Lane, London, SE13	3	Flat
£2,700	08/24	0.26 mi	Cornmill Lane, London, SE13	3	Flat
£2,900	08/24	0.27 mi	Larkwood Avenue London SE10	3	Flat
£2,700	08/24	0.31 mi	Poppyfield House, London, SE10	3	Flat
£2,700	09/24	0.31 mi	-	3	Flat
£2,800	09/24	0.31 mi	-	3	Flat
£2,800	09/24	0.31 mi	-	3	Flat
£2,700	09/24	0.31 mi	-	3	Flat
£2,700	09/24	0.31 mi	-	3	Flat
£2,690	09/24	0.31 mi	-	3	Flat
£2,590	09/24	0.31 mi	-	3	Flat
£3,000	08/24	0.31 mi	Centralis House, 87-89 Loampit Vale, Lewisham, London	3	Flat
£1,750	08/24	0.31 mi	Loampit Vale, London, SE13	3	Flat
£2,700	10/24	0.32 mi	-	3	Flat
£1,800	08/24	0.32 mi	Dartmouth Grove, London, SE10	3	Flat
£2,750	08/24	0.32 mi	Elverson Road, Deptford, SE8	3	Terraced House
£2,750	08/24	0.32 mi	Elverson Road London SE8	3	Terraced House
£2,750	08/24	0.32 mi	Elverson Road, Deptford, SE8	3	Terraced House
£2,400	08/24	0.33 mi	Kew House, Blackheath Hill, SE10	3	Flat
£2,700	08/24	0.34 mi	Blackheath Hill, London, SE10	3	Flat
£2,500	01/25	0.34 mi	-	3	Terraced House
£3,500	12/24	0.37 mi	-	3	Terraced House
£3,000	11/24	0.38 mi	-	3	Terraced House
£2,890	08/24	0.38 mi	Lewisham Road, Lewisham, SE13	3	Flat
£5,950	03/25	0.38 mi	-	3	Flat
£1,995	02/25	0.39 mi	-	3	Flat
£3,750	02/24	0.39 mi	-	3	House
£3,200	08/24	0.41 mi	Belmont Grove London SE13	3	Detached House
£3,100	08/24	0.41 mi	Belmont Grove London SE13	3	Detached House
£2,500	08/24	0.41 mi	Blackheath Road, London, SE10	3	Flat
£2,590	04/25	0.41 mi	-	3	Flat

Local Area Statistics

Population in SE13	40,84840,848
Population in London	4,771,9214,771,921
Town centre distance	5.82 miles away5.82 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £325,000

January 28, 2025

Floor Plans

Description

Three bedroom flat +
Split level +
Fully fitted kitchen +
Upstairs family bathroom +
Private balcony +
Great location for transport links +
Close to Lewisham Shopping Centre, parks and schools +
Total floor area: 87m²= 904ft² (guidance only) +

*GUIDE PRICE £325,000 - £350,000* Robinson Jackson are pleased to present to the market this spacious split-level 3 Double Bedroom flat in a prime location close to the heart of Lewisham with its brilliant transport links, shopping, restaurants, amenities, and multi-cultural vibe.

The flat is very conveniently located next to a large Tesco and just a few minutes walk to Lewisham DLR and train station. The superb location and space inside make it an ideal choice for anyone looking for an opportunity to acquire a spacious London home which needs some updating and offers real value for money.

Viewing is by appointment only with Robinson Jackson.

LOCATION
While it's easy to hop on the train or DLR at Lewisham station to explore the rest of London, there's plenty in the town itself. There's an indoor shopping centre and a daily street market, a surprising amount of green space and restaurants serving world cuisine.
Families can choose from a wide selection of state primary and secondary schools, as well as some respected independent options. Blackheath is Lewisham's close neighbour, with fine dining, boutique shops and bustling bars.

LEASEHOLD INFORMATION
Length of Lease: 105 Years from 30th May 2005*
Time remaining on lease: Approx. 85 years*
Service Charge: TBC *
Service Charges Review Period: Every 1 Year
Ground Rent: TBC *
Ground Rent Review Period: TBC*
(*to be verified by Vendors Solicitor)

ADDITIONAL INFORMATION
Postcode: SE13 7LB
Local Authority: London Borough of Lewisham
Council Tax: Band C (£1,811.54 pa)
EPC Rating: TBC

UTILITIES
• Mains electricity
• Mains water
• Mains gas
• Drainage to public sewer

FLOOD RISK
• low risk of surface water flood-ing
• very low risk of flooding from rivers and the sea
For more information please visit: check-long-term-flood-risk.service.gov.uk/postcode

BROADBAND & MOBILE COVERAGE
For broadband and mobile phone cover-age at the property please visit:
• Broadband: check-er.ofcom.org.uk/en-gb/broadband-coverage
• Mobile: checker.ofcom.org.uk/en-gb/mobile-coverage

PARKING
Residents’ car park

NEAREST TRAIN/DLR STATIONS
• Lewisham Rail/DLR Station 0.23 km
• Elverson Road DLR Station 0.37 km
• St Johns (London) Rail Station 0.77 km
• Deptford Bridge DLR Station 1.05 km
• Greenwich Rail Station 1.20 km

Agent Details

Robinson Jackson, Lewisham

020 3834 8051

Next Steps?

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

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