2 Bed Flat, Single Let, London, SE23 1HU, £375,000

Stanstead Road, Forest Hill, SE23 1HU - 3 months ago

BTL
ROI: 1%
~67 m²
+5 photos

ValuationUndervalued

Sold Prices£250K - £595K
Sold Prices/m²£1.7K/m² - £11K/m²

 

 

Square Metres

~67.35 m²
Price/m²£5.6K/m²

Value Estimate

£446,709
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Rent Range

£1,295 - £2,800

Rent Estimate

£1,600

Running Costs/mo

£1,512

Cashflow/mo

£88

Cashflow/yr

£1,058

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £595K, average is £435.4K. £1.7K/m² to £11K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£375K09/210.04 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£376K05/210.11 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£375K03/210.12 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£435K11/200.13 mi71, St German's Road, London, Greater London SE23 1RY2
£498K04/210.13 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£325K09/210.14 mi4b, Fermor Road, London, Greater London SE23 2HN2
£485K06/210.15 mi61, Hurstbourne Road, London, Greater London SE23 2AA2
£345K03/230.16 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£485K04/210.17 mi65a, Colfe Road, London, Greater London SE23 2ES2
£445K06/230.19 mi8, Grove Close, London, Greater London SE23 1AS2
£450K08/230.2 mi16, Firs Close, London, Greater London SE23 1BB2
£475.5K02/230.22 mi39, Como Road, London, Greater London SE23 2JL2
£513.9K07/230.22 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£385K05/210.25 mi48b, Montem Road, London, Greater London SE23 1SJ2
£532.5K01/230.25 mi73, Montem Road, London, Greater London SE23 1SH2
£534K05/230.26 miUpper Flat, 6, Carholme Road, London, Greater London SE23 2HS2
£342K11/200.28 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£406K12/200.28 miFirst Floor Flat, 34, Ravensbourne Road, London, Greater London SE6 4UX2
£420K03/210.29 mi27b, Como Road, London, Greater London SE23 2JL2
£369K04/210.29 mi12a, Blythe Close, London, Greater London SE6 4UW2
£290K11/200.3 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£495.2K07/230.3 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£322.5K06/230.32 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£567.5K06/230.32 mi47, Farren Road, London, Greater London SE23 2DZ2
£495K11/200.33 mi14a, Woolstone Road, London, Greater London SE23 2SG2
£390K10/210.34 mi80a, Elsinore Road, London, Greater London SE23 2SN2
£458.8K01/210.34 mi88, Elsinore Road, London, Greater London SE23 2SN2
£398.5K10/210.35 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£372.5K06/210.36 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£410K02/210.37 mi62b, Blythe Vale, London, Greater London SE6 4NW2
£440K05/230.37 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£289K03/210.37 miFlat 9, Faversham Court, Faversham Road, London, Greater London SE6 4XG2
£435.8K08/210.38 mi24, Shipman Road, London, Greater London SE23 2DY2
£387.5K12/210.38 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£507.8K12/200.38 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£507.5K12/200.39 mi71b, Woolstone Road, London, Greater London SE23 2TQ2
£467K11/200.39 mi21, Brockley View, London, Greater London SE23 1SN2
£595K06/230.4 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£465K12/200.41 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£450K03/210.41 mi37b, Siddons Road, London, Greater London SE23 2JH2
£455K07/230.42 mi39a, Codrington Hill, London, Greater London SE23 1LR2
£540K02/230.43 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£430K11/210.44 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£370.2K11/200.45 mi5b, Perry Hill, London, Greater London SE6 4LF2
£475K08/210.46 mi51a, Stillness Road, London, Greater London SE23 1NG2
£435K12/200.47 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£375K06/210.47 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£440K01/230.47 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£312.5K04/230.48 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£250K06/210.48 mi90a, Devonshire Road, London, Greater London SE23 3SX2

Local Rents

49 rents from £1.3K/mo to £2.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,75008/240.01 miStanstead Road, London, SE232
£1,85011/240.01 mi-2
£1,85011/240.01 mi-2
£2,15008/240.01 mi-2
£1,90001/250.03 mi-2
£1,90001/250.03 mi-2
£1,80008/240.04 mi-2
£1,60008/240.04 miSt German's Road, Forest Hill, SE232
£1,75008/240.04 miSt. German's Road, London, SE232
£1,95008/240.04 miSt. German's Road, London, SE232
£1,75008/240.05 miSt Germans Road, Forest Hill, London, SE232
£1,90011/240.06 mi-2
£1,75008/240.08 miElsinore Road, London, SE232
£2,20008/240.08 mi-2
£1,85010/240.08 mi-2
£1,80002/250.09 mi-2
£1,70008/240.09 miStanstead Road, London, SE232
£1,70010/240.09 mi-2
£1,70004/250.09 mi-2
£1,65009/240.1 mi-2
£2,25008/240.1 miBrockley Rise London SE232
£1,70002/240.11 mi-2
£1,60008/240.11 miCranston Road, Forest Hill, SE232
£1,85008/240.13 miElsinore Road, SE232
£1,99509/240.13 miElsinore Road2
£1,75008/240.14 miCranston Road, London, SE232
£1,79508/240.14 miStanstead Road, London, SE232
£1,50008/240.15 miStanstead Road, London, SE232
£2,10002/250.16 mi-2
£1,75008/240.16 miBrockley Park London SE232
£1,85009/240.17 mi-2
£1,85008/240.17 miHurstbourne Road, London, SE232
£1,60009/240.18 mi-2
£1,60009/240.18 mi-2
£1,60008/240.18 miStanstead Road, London, SE232
£1,65008/240.18 miStanstead Road, London, SE232
£2,25008/240.18 miColfe Road, Forest Hill, London, SE232
£2,10008/240.18 miElsinore Road, London, SE232
£2,05002/240.18 mi-2
£2,10009/240.18 mi-2
£2,10001/250.18 mi-2
£2,25009/240.19 miColfe Road Forest Hill SE232
£1,90008/240.19 miElsinore Road, London, SE232
£2,80008/240.2 miVancouver Road, SE232
£1,80002/240.2 mi-2
£1,77508/240.2 mi-2
£1,93508/240.2 mi-2
£1,85008/240.2 miMontem Road, London, SE232
£1,29508/240.2 miMontem Road, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £375,000

March 28, 2025

Price changed to £400,000

February 20, 2025

Listed for £425,000

January 29, 2025

Floor Plans

Description

  • Split level flat +
  • Two double bedrooms +
  • 14'3ft Reception room +
  • Private garden +
  • Two bathrooms +
  • Convenient location +
  • Internal area 725 sqft +
  • EPC Rating +

Guide Price £375,000 - £400,000. A bright and spacious split level two double bedroom flat conveniently located between Forest Hill and Honor Oak Park boasting a 27 ft private garden and two bathrooms.
Additional Information

Council Tax Band: D
Tenure: Share of Freehold

Original length of lease: 999 years
Date lease commences: 01/10/2019
Service charge: Approx: £1480 per annum
Ground Rent: Approx: £0 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Forest Hill

020 3835 5504

Next Steps?

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