2 Bed Flat, Single Let, London, SE23 3LF, £350,000

61 Honor Oak Park, London, SE23 1EA - 2 months ago

Leasehold
BTL
ROI: 2%
~58 m²
+1 photos

ValuationUndervalued

Sold Prices£250K - £620K
Sold Prices/m²£1.7K/m² - £9K/m²

 

 

Square Metres

~58.09 m²
Price/m²£6K/m²

Value Estimate

£373,191
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£1,650 - £3,300

Rent Estimate

£1,681

Running Costs/mo

£1,450

Cashflow/mo

£231

Cashflow/yr

£2,773

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £250K to £620K, average is £440K. £1.7K/m² to £9K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£390K03/230.14 mi20, Honor Oak Rise, London, Greater London SE23 3RA2
£405K03/210.14 mi53, Greystead Road, London, Greater London SE23 3SD2
£556K12/200.15 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£492K06/210.19 miGreenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB2
£435K12/200.23 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£464K11/200.24 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£600K12/200.25 mi35b, Marmora Road, London, Greater London SE22 0RX2
£600K09/210.25 mi29b, Marmora Road, London, Greater London SE22 0RX2
£600K03/210.25 mi23b, Marmora Road, London, Greater London SE22 0RX2
£373.3K07/230.29 mi172, Grierson Road, London, Greater London SE23 1NU2
£340K07/230.31 mi184, Wood Vale, London, Greater London SE23 3EA2
£350K07/230.31 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£410K06/210.32 mi34, Therapia Road, London, Greater London SE22 0SE2
£407.5K06/210.36 miFlat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£485K02/230.36 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£386.5K11/200.36 miFlat 45, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£430K02/210.36 miFlat 50, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£440K03/210.36 miFlat 25, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ2
£320K11/200.37 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£490K03/230.38 mi114a, Forest Hill Road, London, Greater London SE22 0RS2
£540K05/230.38 mi84b, Forest Hill Road, London, Greater London SE22 0RS2
£440K01/230.4 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£440K05/230.4 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£450K06/230.4 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£507.8K12/200.4 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£350K12/200.41 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£540K02/230.42 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£355K11/200.43 mi38, Athenlay Road, London, Greater London SE15 3EL2
£321.5K08/210.45 mi75, Brenchley Gardens, London, Greater London SE23 3RE2
£320K05/210.46 mi85, Brenchley Gardens, London, Greater London SE23 3RE2
£321.5K08/210.46 mi75, Brenchley Gardens, London, Greater London SE23 3RE2
£250K06/210.46 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£315K09/210.47 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£312.5K04/230.47 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£430K11/210.47 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£450K08/230.49 mi16, Firs Close, London, Greater London SE23 1BB2
£445K06/230.51 mi8, Grove Close, London, Greater London SE23 1AS2
£398.5K10/210.51 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£580K06/230.51 mi52, Forest Hill Road, London, Greater London SE22 0RR2
£495K01/210.52 mi17, Hillcourt Road, London, Greater London SE22 0PF2
£585K07/210.53 mi6, Overhill Road, London, Greater London SE22 0PH2
£330K01/210.53 mi129, Brenchley Gardens, London, Greater London SE23 3RF2
£345K01/230.53 mi139, Brenchley Gardens, London, Greater London SE23 3RF2
£510K12/200.53 mi22, Fernholme Road, London, Greater London SE15 3EF2
£620K04/210.54 mi107a, Wood Vale, London, Greater London SE23 3DT2
£465K12/200.54 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£535K06/210.55 mi312a, Ivydale Road, London, Greater London SE15 3DG2
£345K03/230.55 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£500K07/230.56 miFirst Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN2
£500K07/230.56 miFirst Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN2
£455K11/200.56 mi45a, Stondon Park, London, Greater London SE23 1LB2

Local Rents

49 rents from £1.6K/mo to £3.3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,27511/240.05 mi-2
£2,45010/240.05 mi-2
£2,05010/240.1 mi-2
£2,00008/240.11 miHonor Oak Rise, Honor Oak Park, London, SE232
£1,75008/240.13 mi-2
£2,20008/240.16 miChurchwood Gardens, Honor Oak2
£1,75008/240.18 miNetherby Road 2
£2,20008/240.18 miChurchwood Gardens, Forest Hill, London, SE232
£1,95008/240.18 miChurchwood Gardens, Forest Hill, London, SE232
£2,20008/240.2 miChurchwood Gardens, Forest Hill2
£2,20008/240.2 miChurchwood Gardens, Forest Hill2
£2,25008/240.21 miChurchwood Gardens, Forest Hill2
£2,50008/240.21 mi-2
£3,30003/250.21 mi-2
£2,90003/250.21 mi-2
£2,20008/240.22 miHonor Oak Road, Honor Oak2
£1,70003/250.22 mi-2
£1,75008/240.22 miLynfield Court, Devonshire Road, Forest Hill, SE232
£1,90011/240.22 mi-2
£1,65003/250.23 mi-2
£1,80008/240.23 miThe Manor, Manor Way, London2
£1,95008/240.23 miDevonshire Rd, Honor Oak, London, SE232
£2,30008/240.23 miMarmora Road East Dulwich SE222
£1,95008/240.23 miChurchwood Gardens, Honor Oak2
£1,80009/240.24 miCanonbie Road 2
£1,90008/240.24 miCanonbie Road Forest Hill SE232
£1,65008/240.25 miDevonshire Road, London, SE232
£2,40001/250.26 mi-2
£2,27002/250.26 mi-2
£1,74608/240.26 miManor Way, Forest Hill, SE232
£2,50008/240.27 miWoodvale Road, Forest Hill, SE232
£2,50009/240.27 mi-2
£2,25003/250.27 mi-2
£2,30001/250.27 mi-2
£2,25003/250.27 mi-2
£1,82508/240.27 miCanonbie Road London SE232
£1,80009/240.3 mi-2
£1,70008/240.32 miBrenchley Gardens, Nunhead2
£1,75012/240.32 mi-2
£1,85008/240.34 miDevonshire Road, London, SE232
£2,10008/240.34 miDevonshire Road, Forest Hill, SE232
£1,98508/240.34 mi-2
£1,98508/240.34 miMundania Court, London, SE222
£1,85008/240.34 miDevonshire Road, London, SE232
£2,00009/240.36 mi-2
£2,25008/240.36 miForest Hill Road, Dulwich, London, SE222
£1,70008/240.36 miHonor Oak Road, Forest Hill, London, SE232
£2,60010/240.36 mi-2
£2,60008/240.38 miWood Vale London SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

5.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £350,000

March 12, 2025

Listed for £399,950

February 17, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Off Street Parking +
  • Large Bathroom +
  • Communal Gardens +
  • Bicycle Storage +
  • Close To Overground +

A homely two bedroom purpose built flat on the ground floor of a well maintained 1930s building favourably positioned for Honor Park station. There is off-road parking well maintained communal grounds and offered with no onward chain.

Honor Oak Park is well positioned for several green spaces including Brenchley Gardens and Blythe Hill Fields. The local independent shops and café in Honor Oak along with Overground are within easy each.

Tenure: Leasehold Lease Years Remaining: 89
Service Charge: £1,881 (Yearly)
Annual Ground Rent: £10
Council Tax Band: B

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Honor Oak

020 8291 9556

Next Steps?

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