2 Bed Flat, Single Let, London, SE15 3JB, £350,000

Rye Hill Estate, Peckham Rye, SE15 3JB - 2 months ago

Leasehold

BTL

ROI: 3%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£250K - £687.5K
Sold Prices/m²	£5K/m² - £10.9K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£423,500£423,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,550 - £2,750£1,550 - £2,750
Rent Estimate	£1,769
Running Costs/mo	£1,468£1,468
Cashflow/mo	£301£301
Cashflow/yr	£3,617£3,617
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £250K to £687.5K, average is £460K. £5K/m² to £10.9K/m², average is £7.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	11/20	0.05 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£600K	11/20	0.07 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£309K	06/21	0.07 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£373K	05/21	0.16 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£415K	01/21	0.24 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£600K	06/21	0.29 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£435K	02/21	0.3 mi	39, Stuart Road, London, Greater London SE15 3BE	£8,700	50	2	Flat
£370K	07/23	0.3 mi	33, Stuart Road, London, Greater London SE15 3BE	£7,872	47	2	Flat
£360K	06/23	0.32 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£450K	06/23	0.33 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£440K	01/23	0.34 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£375K	03/21	0.34 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£453.2K	02/21	0.38 mi	Ground Floor Flat, 61, Upland Road, London, Greater London SE22 0DA	£7,681	59	2	Flat
£500K	07/23	0.4 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£500K	07/23	0.4 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£460K	09/21	0.41 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£400K	06/23	0.43 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£460K	04/21	0.45 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat
£345K	01/23	0.45 mi	Ground Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH	£6,273	55	2	Flat
£500K	04/23	0.45 mi	59, Surrey Road, London, Greater London SE15 3AS	£6,515	77	2	Flat
£536.5K	06/23	0.45 mi	23, Surrey Road, London, Greater London SE15 3AS	£9,093	59	2	Flat
£530K	04/23	0.46 mi	18a, Surrey Road, London, Greater London SE15 3AU	-	-	2	Flat
£580K	06/23	0.46 mi	52, Forest Hill Road, London, Greater London SE22 0RR	£7,436	78	2	Flat
£535K	06/21	0.47 mi	312a, Ivydale Road, London, Greater London SE15 3DG	-	-	2	Flat
£530K	01/21	0.47 mi	33a, Fenwick Road, London, Greater London SE15 4HS	£9,298	57	2	Flat
£426K	10/21	0.48 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£470K	06/21	0.48 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£425K	06/23	0.49 mi	Flat B, 48, Barry Road, London, Greater London SE22 0HP	£9,444	45	2	Flat
£420K	05/21	0.5 mi	122, Barry Road, London, Greater London SE22 0HP	-	-	2	Flat
£365K	03/23	0.51 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£550K	06/21	0.53 mi	34, Ivydale Road, London, Greater London SE15 3BS	£9,496	58	2	Flat
£587.5K	05/21	0.53 mi	26a, Crystal Palace Road, London, Greater London SE22 9HB	£10,880	54	2	Flat
£410K	06/21	0.53 mi	34, Therapia Road, London, Greater London SE22 0SE	£5,000	82	2	Flat
£407.5K	06/21	0.54 mi	Flat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£386.5K	11/20	0.54 mi	Flat 45, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£430K	02/21	0.54 mi	Flat 50, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£440K	03/21	0.54 mi	Flat 25, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£510K	12/20	0.55 mi	22, Fernholme Road, London, Greater London SE15 3EF	£8,947	57	2	Flat
£490K	03/23	0.55 mi	114a, Forest Hill Road, London, Greater London SE22 0RS	£6,956	70	2	Flat
£540K	05/23	0.55 mi	84b, Forest Hill Road, London, Greater London SE22 0RS	£7,826	69	2	Flat
£410K	02/23	0.55 mi	Flat 11, Claude Monet Court, Underhill Road, London, Greater London SE22 0BZ	-	-	2	Flat
£565K	06/21	0.55 mi	49a, Darrell Road, London, Greater London SE22 9NJ	-	-	2	Flat
£575K	03/23	0.55 mi	49c, Darrell Road, London, Greater London SE22 9NJ	-	-	2	Flat
£355K	11/20	0.55 mi	38, Athenlay Road, London, Greater London SE15 3EL	£6,339	56	2	Flat
£528K	01/21	0.56 mi	54b, Keston Road, London, Greater London SE15 4JB	£6,684	79	2	Flat
£550K	06/23	0.58 mi	273b, Underhill Road, London, Greater London SE22 0PA	-	-	2	Flat
£465K	05/21	0.58 mi	11b, Athenlay Road, London, Greater London SE15 3EA	-	-	2	Flat
£642K	06/21	0.59 mi	134a, Friern Road, London, Greater London SE22 0AY	-	-	2	Flat
£600K	03/21	0.59 mi	23b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat
£622.5K	06/21	0.59 mi	49, Worlingham Road, London, Greater London SE22 9HD	-	-	2	Flat
£687.5K	07/23	0.59 mi	8a, Worlingham Road, London, Greater London SE22 9HD	£10,742	64	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.8K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	08/24	0.04 mi	Waveney Avenue, Peckham Rye, London, SE15	2	House
£2,200	04/25	0.05 mi	-	2	Flat
£1,800	08/24	0.11 mi	Peckham Rye, London SE15	2	Flat
£2,300	02/25	0.11 mi	-	2	Flat
£2,145	09/24	0.12 mi	Aura Court, 163 Peckham Rye, Peckham, London, SE15 3GW	2	Flat
£2,100	02/24	0.12 mi	-	2	Flat
£1,970	02/24	0.12 mi	-	2	Flat
£1,800	02/24	0.13 mi	-	2	Flat
£2,300	04/25	0.13 mi	-	2	Flat
£2,200	08/24	0.16 mi	Rye Hill Park Peckham SE15	2	Flat
£1,550	08/24	0.16 mi	Rye Hill Park, London, SE15	2	Flat
£2,201	08/24	0.19 mi	-	2	Flat
£1,995	08/24	0.21 mi	Linden Grove Peckham SE15	2	Flat
£2,575	03/25	0.21 mi	-	2	Flat
£2,000	03/25	0.22 mi	-	2	Flat
£2,300	08/24	0.23 mi	Carden Road Nunhead SE15	2	Flat
£1,850	08/24	0.23 mi	Linden Grove Peckham SE15	2	Flat
£1,800	08/24	0.24 mi	-	2	Flat
£2,200	10/24	0.24 mi	-	2	Flat
£2,000	11/24	0.27 mi	-	2	Flat
£2,050	10/24	0.28 mi	-	2	Flat
£2,250	03/25	0.3 mi	-	2	Semi-Detached House
£2,200	11/24	0.31 mi	-	2	Flat
£2,000	08/24	0.32 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£2,300	08/24	0.33 mi	Barry Road, East Dulwich, London, SE22	2	Flat
£2,600	12/24	0.33 mi	-	2	Terraced House
£2,750	08/24	0.35 mi	Basi Terrace	2	Terraced House
£2,100	08/24	0.36 mi	-	2	Flat
£2,100	08/24	0.36 mi	The Gardens, East Dulwich London SE22	2	Flat
£1,850	08/24	0.37 mi	Peckham Rye, Peckham Rye	2	Flat
£2,100	02/25	0.37 mi	-	2	Flat
£2,700	08/24	0.39 mi	Sartor Road SE15	2	Semi-Detached House
£2,100	08/24	0.39 mi	The Gardens London SE22	2	Flat
£2,200	08/24	0.4 mi	Inverton Villas, Inverton Road	2	Flat
£2,350	02/25	0.4 mi	-	2	Flat
£2,200	02/24	0.41 mi	-	2	Terraced House
£2,200	08/24	0.41 mi	Cheltenham Road London SE15	2	Flat
£2,000	08/24	0.41 mi	-	2	Flat
£2,050	08/24	0.41 mi	The Gardens, East Dulwich, London, SE22	2	Flat
£2,400	08/24	0.41 mi	Bass Mews, East Dulwich, London, SE22	2	Flat
£2,050	08/24	0.41 mi	The Gardens, East Dulwich London SE22	2	Flat
£2,050	08/24	0.41 mi	The Gardens East Dulwich SE22	2	Flat
£2,000	08/24	0.41 mi	The Gardens, East Dulwich London SE22	2	Flat
£2,200	08/24	0.42 mi	Solway Road, East Dulwich, London, SE22	2	Flat
£1,850	08/24	0.42 mi	The Gardens, London, SE22	2	Flat
£2,500	08/24	0.42 mi	Solway Road Dulwich SE22	2	Flat
£1,800	09/24	0.42 mi	-	2	Flat
£2,000	08/24	0.43 mi	-	2	House
£2,400	11/24	0.43 mi	-	2	Flat
£2,500	08/24	0.43 mi	Peckham Rye, Peckham, London, SE15	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	5.12 miles away5.12 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £350,000

February 17, 2025

Floor Plans

Description

Ground Floor Flat +
Two Double Bedrooms +
Well Presented +
Light and Bright Throughout +
Good Storage Space +
Off Street Parking +
Over looking Peckham Rye Park +
Long Lease and Low Charges +

Well presented, SPACIOUS, two DOUBLE Bedroom GROUND FLOOR flat marrying city living with fantastic green space, overlooking Peckham Rye Park. PARKING available

This delightful flat is light and bright with plenty of character! The Entrance Hall has plenty of room for prams, coats, shoes, bags and it still feels spacious. The large Lounge has a lovely box bay area currently used as a Dining area offering plenty of space for relaxing or entertaining guests as well as a large storage cupboard. The lovely square kitchen has plenty of work surface and storage space. There are two double bedrooms both light and bright. A separate bathroom and WC ensuring comfort and convenience for getting ready in the morning.

Outside to the front is unallocated off road parking.

Situated on the Rye Hill Estate in the heart of Peckham Rye overlooking Peckham Rye Park. Nestled in a vibrant neighbourhood, this flat offers the best of city living with easy access to local amenities, trendy cafes, and beautiful green spaces. The flat's location provides a perfect blend of urban excitement and peaceful retreat.

The owner advises that there is approx. 103 years remaining on the lease with a ground rent of £10 per annum and a service charge of £1,400 per annum.

Agent Details

Temple Wharf Property Consultants, Strood

01634 561110

Next Steps?

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

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