2 Bed Flat, Planning Permission, London, SE23 3HY, £400,000

Dartmouth Road, Forest Hill, SE23 3HY - 2 months ago

Sold STC
Leasehold
Planning
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£250K - £595K
Sold Prices/m²£1.7K/m² - £8.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£433,086
BMV8%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,700

 

 

Cash Out

 

Rent Range

£1,460 - £3,000

Rent Estimate

£1,500

Running Costs/mo

£1,570

Cashflow/mo

£-70

Cashflow/yr

£-840

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £595K, average is £373.8K. £1.7K/m² to £8.5K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£335K04/230.1 mi14, Church Vale, London, Greater London SE23 2UW2
£350K06/230.15 miFlat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£332K12/200.15 miFlat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£300K02/210.15 miFlat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£366K09/230.15 miFlat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£427.5K08/210.16 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£455K02/230.18 mi62a, Westbourne Drive, London, Greater London SE23 2UN2
£395K12/200.19 miFlat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH2
£473K08/230.19 miFlat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ2
£355K04/210.21 mi141, Dartmouth Road, London, Greater London SE23 3HX2
£539K12/200.22 miFlat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP2
£335K12/200.24 miFlat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN2
£375K02/210.24 miFlat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN2
£293K06/210.24 miFlat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN2
£375K06/210.25 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£595K06/230.26 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£365K03/210.26 mi85, Eliot Bank, London, Greater London SE23 3XD2
£335K06/230.26 mi95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT2
£320K12/200.28 mi37, Longfield Crescent, Sydenham, London, Greater London SE26 4DU2
£312.5K03/230.28 mi43, Longfield Crescent, Sydenham, London, Greater London SE26 4DU2
£400K12/200.28 mi76c, Honor Oak Road, London, Greater London SE23 3RR2
£450K02/240.28 miFlat 1, Mayode House, Round Hill, London, Greater London SE26 4RF2
£465K12/200.28 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£370K06/230.29 mi82, Bampton Road, London, Greater London SE23 2AX2
£400K06/230.29 mi84, Bampton Road, London, Greater London SE23 2AX2
£387.5K12/210.3 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£372.5K06/210.3 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£320K07/230.31 miFlat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP2
£312.5K04/230.31 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£367K09/230.31 mi181, Longfield Crescent, Sydenham, London, Greater London SE26 4DR2
£250K06/210.32 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£426K04/210.33 mi24, Sydenham Park Road, London, Greater London SE26 4ED2
£322.5K06/230.34 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£290K11/200.35 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£398.5K10/210.35 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£350K12/200.36 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£500K01/230.4 miFlat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH2
£450K05/210.4 mi61, Sydenham Park Road, London, Greater London SE26 4DL2
£445K07/230.4 mi6, Aylward Road, London, Greater London SE23 2JE2
£485K02/230.42 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£315K09/210.42 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£450K03/210.42 mi37b, Siddons Road, London, Greater London SE23 2JH2
£325K06/210.43 miFlat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP2
£567.5K06/230.44 mi47, Farren Road, London, Greater London SE23 2DZ2
£435.8K08/210.45 mi24, Shipman Road, London, Greater London SE23 2DY2
£320K11/200.46 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£375K05/210.46 miFlat 30, Bromleigh Court, Sydenham Hill, London, Greater London SE23 3PW2
£350K07/230.47 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£460K11/200.47 mi14a, Sydenham Park, London, Greater London SE26 4EQ2
£420K03/210.47 mi27b, Como Road, London, Greater London SE23 2JL2

Local Rents

50 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65009/240.01 miDartmouth Road, Forest Hill, London, SE232
£2,12504/250.05 mi-2
£1,65008/240.05 miLondon Road, London, SE232
£1,75008/240.05 miBird in Hand Mews, London, SE232
£1,65008/240.05 miBird In Hand Mews, London, United Kingdom, SE232
£1,80009/240.06 mi-2
£1,80008/240.06 miHamlet House, London, SE232
£1,65008/240.06 miWindley Close, Forest Hill, SE232
£1,65011/240.06 mi-2
£2,00010/240.07 mi-2
£1,80011/240.08 mi-2
£1,80008/240.1 miPerry Vale, Forest Hill, SE232
£2,20008/240.1 miLondon Road London SE232
£1,75008/240.1 miDartmouth Place, Forest Hill, London, SE232
£2,00003/250.1 mi-2
£3,00008/240.12 miHavelock Walk London SE232
£2,20009/240.12 miHindsleys Place London SE232
£1,89508/240.13 miLondon Road, London, SE232
£1,79508/240.13 miLondon Road, London, SE232
£1,60002/240.14 mi-2
£1,50002/240.15 mi-2
£1,85008/240.15 miWestbourne Drive, SE232
£1,99502/240.16 mi-2
£1,46002/250.16 mi-2
£1,46002/250.16 mi-2
£2,10008/240.16 mi-2
£1,65010/240.16 mi-2
£2,40011/240.17 mi-2
£2,30008/240.17 miTaymount Rise London SE232
£1,80011/240.17 mi-2
£1,90008/240.17 mi-2
£2,00008/240.17 miDevonshire Road, Forest Hill, SE232
£2,00008/240.18 miForest Hill, London, SE232
£2,00009/240.18 mi-2
£2,65002/250.19 mi-2
£2,00008/240.19 miTaymount Rise, London, SE232
£1,95012/240.19 mi-2
£1,98003/250.19 mi-2
£1,60009/240.19 miTaymount Grange, Forest Hill, SE232
£1,80008/240.2 miTaymount Rise, Forest Hill SE232
£1,65008/240.21 miTaymount Rise, Forest Hill, London, SE232
£1,85002/250.21 mi-2
£2,25008/240.21 miStanstead Road, London SE232
£2,00008/240.21 miStanstead Road, London SE232
£2,00008/240.21 miStanstead Road London SE232
£1,55008/240.21 miDacres Road, London, SE232
£1,75011/240.21 mi-2
£1,90003/250.21 mi-2
£1,85008/240.22 miAndrew Court, 38 Church Rise, London, SE232
£1,50008/240.23 mi-2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £400,000

February 6, 2025

Floor Plans

Description

  • GROUND FLOOR +
  • Two double bedrooms +
  • DIRECT ACCESS TO GARDEN +
  • Great location for all facilities of Forest Hill town centre +
  • NEW BOILER WITH 5 YEAR WARRANTY +
  • SHARE OF FREEHOLD +
  • JUST REDECORATED +
  • CHAIN FREE +
  • Guide price £400,000 to £450,000 +

Guide price £400,000 to £450,000. CHAIN FREE, 2 double bedroom ground floor flat with direct access to garden, NEW BOILER WITH 5 YEAR WARRANTY, just redecorated, SHARE OF FREEHOLD , superb location for access to the station, town centre, recreation as well as socialising.

Description - Guide price of £400,000 to £450,000

Contact Hunters to arrange for FREE mortgage advice and obtain a MULTI LENDER agreement in principle.

Contact Hunters to arrange your free conveyancing quotation. Find out about potential costs including stamp duty, local authority and other searches from our partner conveyancing firm who have been voted in the top 1% of firms in the country.

Being offered chain free with a share of freehold, a new boiler with year warranty and having just been redecorated this 2 double bedroom ground floor flat with direct access to garden will appeal to many buyers.

The property is located centrally for Forest Hill, approximately 0.3 miles from the town centre meaning that the station and local amenities are in proximity. Sydenham town centre is also in proximity offering the best of both towns.

Positioned on Dartmouth Road in an area that has a village vibe due to the boutique stores and local cafes / coffee shops etc, this is an increasingly popular location. One of the stand out features of this location is the proximity to Sydenham Hill woods and the Horniman Museum and gardens.

Approximately 0.2 miles away you will also find the highly acclaimed Forest Hill Pools which is the local leisure centre, along with the neighbouring local library.

On route to the station you will note a selection of local businesses such as deli's, cafes, restaurants and gastro pubs to name but a few.

Transport from Forest Hill station can take you to some of the following London stations to name only a handful:

London Bridge in approximately 17 minutes.

Shoreditch High Street in approximately 22 minutes.

Victoria station in approximately 30 minutes.

Canary Wharf in approximately 23 minutes.

The Horniman Museum and Gardens is a well-known local point of interest and can be found approximately 0.5 miles away. With regular events such as a farmer’s market, live music and seasonal festivals to name a few.

You can read more about the Horniman museum and gardens here:

As well as having a Sainsbury’s, Forest Hill is well served with a variety of high quality independent shops, including a renowned traditional butcher. There are also gastro pubs, a gym, cafés, delis and restaurants to name but a few of its excellent amenities.

The Sylvan Post, a well-known pub, Canvas and Cream and Stag and Bow all variously host, music events, exhibitions and craft days, and have brought to Forest Hill a cool and trendy vibe.

If you ever desire a further choice of drinking and eating establishments, then the vibrancy of Dulwich can be found a walk or bus ride away.

Forest Hill is well known for some of the local schools. In particular, the highly acclaimed Eliot Bank is in proximity and is OFSTED rated “Outstanding” as well as being ranked in the top 10% of Ofsted rated schools.

There is also several OFSTED rated “Good” schools locally and Rose Mount Montessori Primary.

Verified Material Information

Council tax band: C

Council tax annual charge: £1811.53 a year (£150.96 a month)

Tenure: Leasehold

Lease length: 999 years remaining (996 years from 2022)

Service charge: £155 pm / £1860 pa

Property type: Flat

Property construction: Standard form

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: Central heating

Heating features: Double glazing

Broadband: FTTP (Fibre to the Premises)

Mobile coverage: O2 - Great, Vodafone - Good, Three - Good, EE - Great

Parking: None

Building safety issues: No

Restrictions - Listed Building: No

Restrictions - Conservation Area: No

Restrictions - Tree Preservation Orders: None

Public right of way: No

Long-term area flood risk: No

Coastal erosion risk: No

Planning permission issues: No

Accessibility and adaptations: None

Coal mining area: No

Non-coal mining area: Yes

Energy Performance rating: D

All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.

Agent Details

Hunters, Forest Hill

020 3907 2670

Next Steps?

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