2 Bed Flat, Single Let, London, SE27 0SP, £425,000

Knights Hill, West Norwood, London SE27 0SP - 2 months ago

Leasehold

BTL

~70 m²

+4 photos

ValuationUndervalued

Sold Prices	£198.5K - £572.5K
Sold Prices/m²	£3.7K/m² - £8.5K/m²

Square Metres	~69.90 m²
Price/m²	£6.1K/m²
Value Estimate	£443,947£443,947
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£33,700£33,700
Total Cash In	£139,950£139,950

Cash Out
Rent Range	£1,500 - £3,995£1,500 - £3,995
Rent Estimate	£1,550
Running Costs/mo	£1,658£1,658
Cashflow/mo	£-108£-108
Cashflow/yr	£-1,297£-1,297
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £198.5K to £572.5K, average is £367.5K. £3.7K/m² to £8.5K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	12/22	0 mi	143b, Knights Hill, London, Greater London SE27 0SP	£5,067	75	2	Flat
£452K	11/20	0 mi	147b, Knights Hill, London, Greater London SE27 0SP	£6,551	69	2	Flat
£475K	10/20	0 mi	147a, Knights Hill, London, Greater London SE27 0SP	£6,786	70	2	Flat
£515K	01/21	0.06 mi	154a, Knights Hill, London, Greater London SE27 0SR	-	-	2	Flat
£400K	12/22	0.1 mi	First Floor Flat, 169, Knights Hill, London, Greater London SE27 0PZ	-	-	2	Flat
£340K	01/21	0.13 mi	Flat 10, Cork Tree House, Lakeview Road, London, Greater London SE27 0QE	£6,538	52	2	Flat
£310K	11/22	0.14 mi	Flat 5, Cedars House, Cedar Tree Grove, London, Greater London SE27 0QD	-	-	2	Flat
£487.5K	11/20	0.16 mi	66, Casewick Road, London, Greater London SE27 0SY	£6,406	76	2	Flat
£360K	06/21	0.18 mi	69, Furneaux Avenue, London, Greater London SE27 0EQ	£5,714	63	2	Flat
£510K	10/20	0.23 mi	122, Casewick Road, London, Greater London SE27 0SZ	£6,296	81	2	Flat
£480K	05/21	0.23 mi	148, Casewick Road, London, Greater London SE27 0SZ	£6,667	72	2	Flat
£520K	06/21	0.27 mi	25, St Julians Farm Road, London, Greater London SE27 0RJ	£6,933	75	2	Flat
£400K	06/23	0.27 mi	Flat E, 106, Thornlaw Road, London, Greater London SE27 0SB	-	-	2	Flat
£310K	03/21	0.28 mi	Flat 11, Longmead House, Woodvale Walk, London, Greater London SE27 0HE	-	-	2	Flat
£300K	04/21	0.3 mi	15a, Gipsy Road, London, Greater London SE27 9NP	£5,357	56	2	Flat
£275K	01/23	0.3 mi	5, Elder Gardens, London, Greater London SE27 9TJ	£6,566	42	2	Flat
£300K	11/22	0.31 mi	62a, Wolfington Road, London, Greater London SE27 0RQ	£3,717	81	2	Flat
£572.5K	02/21	0.31 mi	74, Wolfington Road, London, Greater London SE27 0RQ	£8,545	67	2	Flat
£475K	01/21	0.35 mi	169c, Auckland Hill, London, Greater London SE27 9PG	£5,938	80	2	Flat
£432.5K	03/21	0.35 mi	119, Auckland Hill, London, Greater London SE27 9PG	£6,758	64	2	Flat
£449K	12/20	0.35 mi	91, Auckland Hill, London, Greater London SE27 9PG	£7,016	64	2	Flat
£390K	07/23	0.35 mi	121, Auckland Hill, London, Greater London SE27 9PG	£6,724	58	2	Flat
£282.5K	11/21	0.37 mi	Flat B, 79, Thurlestone Road, London, Greater London SE27 0PE	£3,979	71	2	Flat
£555K	12/22	0.37 mi	51a, Auckland Hill, London, Greater London SE27 9PF	-	-	2	Flat
£440K	02/21	0.37 mi	73, Auckland Hill, London, Greater London SE27 9PF	-	-	2	Flat
£455K	06/21	0.38 mi	55, Thurlestone Road, London, Greater London SE27 0PE	-	-	2	Flat
£500K	01/23	0.38 mi	57, Auckland Hill, London, Greater London SE27 9PF	-	-	2	Flat
£198.5K	01/21	0.39 mi	27, Leaf Grove, London, Greater London SE27 0SG	-	-	2	Flat
£350K	12/20	0.39 mi	5, Leaf Grove, London, Greater London SE27 0SG	£5,147	68	2	Flat
£295K	07/21	0.41 mi	Flat 13, Fern Lodge, Crown Lane, London, Greater London SW16 3HY	-	-	2	Flat
£325K	12/20	0.42 mi	Flat 10, Laburnham Court, Leigham Court Road, Streatham, London, Greater London SW16 3RE	-	-	2	Flat
£307K	07/23	0.42 mi	Flat 1, Laburnham Court, Leigham Court Road, Streatham, London, Greater London SW16 3RE	-	-	2	Flat
£338K	04/21	0.42 mi	7, Friar Mews, London, Greater London SE27 0PU	£6,145	55	2	Flat
£300K	08/23	0.42 mi	Flat 6, Blackthorn Court, Leigham Court Road, Streatham, London, Greater London SW16 3QZ	£4,688	64	2	Flat
£545K	06/21	0.44 mi	7a, Bloom Grove, London, Greater London SE27 0HZ	-	-	2	Flat
£332.5K	03/23	0.45 mi	14, Fawcett Close, London, Greater London SW16 2QJ	£6,234	53	2	Flat
£325K	01/21	0.45 mi	17, Fawcett Close, London, Greater London SW16 2QJ	£6,132	53	2	Flat
£270K	05/23	0.45 mi	7, Fawcett Close, London, Greater London SW16 2QJ	£5,094	53	2	Flat
£325K	07/23	0.45 mi	22, Fawcett Close, London, Greater London SW16 2QJ	£5,603	58	2	Flat
£420K	03/21	0.46 mi	First Floor, 41, Durban Road, London, Greater London SE27 9RW	-	-	2	Flat
£309K	06/23	0.46 mi	5, Durban Road, London, Greater London SE27 9RW	-	-	2	Flat
£375K	12/20	0.46 mi	69, Durban Road, London, Greater London SE27 9RW	£7,075	53	2	Flat
£290K	06/23	0.46 mi	First Floor Flat At, 109, Durban Road, London, Greater London SE27 9RW	-	-	2	Flat
£353K	07/21	0.47 mi	48, Queen Mary Road, Upper Norwood, London, Greater London SE19 3NW	£6,086	58	2	Flat
£425K	10/20	0.47 mi	34, Durban Road, London, Greater London SE27 9RP	£7,785	55	2	Flat
£540K	06/21	0.47 mi	26a, Durban Road, London, Greater London SE27 9RP	£8,438	64	2	Flat
£308K	11/20	0.47 mi	32a, Durban Road, London, Greater London SE27 9RP	£6,417	48	2	Flat
£465K	05/21	0.47 mi	22a, Durban Road, London, Greater London SE27 9RP	-	-	2	Flat
£315K	03/21	0.49 mi	Flat 64, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QW	-	-	2	Flat
£297K	03/21	0.49 mi	Flat 51, Benhurst Court, Leigham Court Road, Streatham, London, Greater London SW16 2QW	-	-	2	Flat

Local Rents

49 rents from £1.5K/mo to £4K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	08/24	0 mi	Knights Hill London SE27	2	Flat
£2,000	08/24	0.11 mi	Knights Hill, West Norwood, London, SE27	2	Flat
£2,000	08/24	0.11 mi	Ladas Road West Norwood SE27	2	Terraced House
£2,100	01/25	0.12 mi	-	2	Terraced House
£1,900	08/24	0.12 mi	Cedar Tree Grove, London	2	Flat
£1,850	08/24	0.16 mi	Cedar Tree Grove, SE27	2	Flat
£1,940	02/25	0.17 mi	-	2	Flat
£1,900	01/25	0.18 mi	-	2	Flat
£2,000	08/24	0.19 mi	Thornlaw Road London SE27	2	Flat
£3,995	08/24	0.2 mi	-	2	Semi-Detached House
£1,950	09/24	0.21 mi	-	2	Flat
£1,950	02/25	0.21 mi	-	2	Flat
£2,100	08/24	0.21 mi	Thornlaw Road West Norwood SE27	2	Flat
£1,500	02/25	0.22 mi	-	2	Flat
£1,800	10/24	0.22 mi	-	2	Flat
£1,500	08/24	0.24 mi	Norwood High Street, London, SE27	2	Flat
£1,500	08/24	0.24 mi	Clytha Court, Gipsy Road, West Norwood, SE27	2	Flat
£1,700	08/24	0.25 mi	-	2	Flat
£1,800	11/24	0.25 mi	-	2	Detached House
£1,750	02/25	0.28 mi	-	2	Flat
£1,800	01/25	0.28 mi	-	2	Flat
£1,950	08/24	0.28 mi	Wolfington Road West Norwood SE27	2	Flat
£1,825	03/25	0.29 mi	-	2	Flat
£1,895	08/24	0.29 mi	Thornlaw Road	2	Flat
£1,750	09/24	0.31 mi	-	2	Flat
£1,800	08/24	0.33 mi	-	2	Flat
£2,200	03/25	0.34 mi	-	2	Flat
£1,750	10/24	0.34 mi	-	2	Flat
£2,600	02/25	0.34 mi	-	2	Flat
£2,600	01/25	0.34 mi	-	2	Flat
£1,900	03/25	0.35 mi	-	2	Flat
£1,500	08/24	0.35 mi	-	2	Flat
£1,500	08/24	0.35 mi	Beulah Hill, London, SE19	2	Flat
£2,300	02/25	0.36 mi	-	2	Flat
£1,850	08/24	0.36 mi	-	2	Flat
£1,550	09/24	0.36 mi	-	2	Flat
£1,750	08/24	0.36 mi	-	2	Flat
£2,200	08/24	0.36 mi	Selsdon Road, West Norwood, SE27	2	Flat
£1,800	08/24	0.37 mi	Auckland Hill, West Norwood, London, SE27	2	Flat
£1,650	12/24	0.37 mi	-	2	Flat
£1,650	08/24	0.37 mi	Auckland Hill, West Norwood, London, SE27	2	Flat
£1,550	03/25	0.38 mi	-	2	Flat
£1,550	02/25	0.38 mi	-	2	Flat
£2,275	09/24	0.38 mi	CROWN LANE, Streatham Common, London, SW16	2	Flat
£1,575	12/24	0.38 mi	-	2	Flat
£1,600	04/25	0.38 mi	-	2	Flat
£2,100	08/24	0.39 mi	-	2	Flat
£2,200	03/25	0.39 mi	-	2	Flat
£1,750	10/24	0.39 mi	-	2	Flat

Local Area Statistics

Population in SE27	21,35821,358
Population in London	4,771,9214,771,921
Town centre distance	6.99 miles away6.99 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-20%-20%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-4%-4%

Property History

Price changed to £425,000

March 4, 2025

Listed for £450,000

February 3, 2025

Floor Plans

Description

Two-bedroom +
Split-level +
Finished to a good standard throughout +
Bright and spacious interiors +
Access to a communal garden +
Excellent transport links via West Norwood Station +
Convenient bus routes to surrounding areas +
Close to local amenities and green spaces +

A beautiful two-bedroom split-level flat with communal garden on Knights Hill in SE27.

This well-presented two-bedroom split-level flat, situated on the well-connected Knights Hill in West Norwood, offers a fantastic blend of space, style, and convenience. Finished to a good standard throughout, the property boasts bright and airy interiors, creating a welcoming and comfortable living environment.

Set over two levels, the flat features a generous reception room, a modern fitted kitchen, and two well-proportioned bedrooms, providing the perfect space for professionals or couples. The communal garden offers a lovely outdoor retreat.

Located just 0.3 miles from West Norwood Station, the property benefits from excellent transport links into Central London (London Bridger and London Victoria), as well as a range of convenient bus routes.

With an array of local amenities, independent shops, cafés, and green spaces nearby, this is a wonderful opportunity to secure a stylish home in a well-connected location.

Agent Details

Pedder, West Norwood

020 3834 8571

Next Steps?

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

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