2 Bed Flat, Single Let, London, SE23 1HN, £325,000

Wastdale Road, Foresthill, SE23 1HN 1 - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²

ValuationUndervalued

Sold Prices£250K - £595K
Sold Prices/m²£1.7K/m² - £9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£406,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£1,500 - £2,500

Rent Estimate

£1,606

Running Costs/mo

£1,357

Cashflow/mo

£249

Cashflow/yr

£2,990

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £595K, average is £435.4K. £1.7K/m² to £9K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£445K06/230.08 mi8, Grove Close, London, Greater London SE23 1AS2
£450K08/230.09 mi16, Firs Close, London, Greater London SE23 1BB2
£398.5K10/210.17 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£345K03/230.18 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£322.5K06/230.21 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£387.5K12/210.22 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£485K04/210.22 mi65a, Colfe Road, London, Greater London SE23 2ES2
£375K09/210.22 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£372.5K06/210.23 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£290K11/200.23 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£465K12/200.24 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£350K07/230.24 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£464K11/200.25 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£435K12/200.26 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£250K06/210.26 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£312.5K04/230.27 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£440K05/230.28 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£376K05/210.28 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£507.8K12/200.29 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£513.9K07/230.3 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£435K11/200.32 mi71, St German's Road, London, Greater London SE23 1RY2
£595K06/230.33 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£375K03/210.33 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£556K12/200.34 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£540K02/230.36 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£498K04/210.36 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£373.3K07/230.36 mi172, Grierson Road, London, Greater London SE23 1NU2
£350K12/200.37 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£420K03/210.38 mi27b, Como Road, London, Greater London SE23 2JL2
£325K09/210.38 mi4b, Fermor Road, London, Greater London SE23 2HN2
£485K02/230.38 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£485K06/210.38 mi61, Hurstbourne Road, London, Greater London SE23 2AA2
£440K01/230.39 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£567.5K06/230.39 mi47, Farren Road, London, Greater London SE23 2DZ2
£430K11/210.39 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£385K05/210.39 mi48b, Montem Road, London, Greater London SE23 1SJ2
£427.5K08/210.4 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£475.5K02/230.41 mi39, Como Road, London, Greater London SE23 2JL2
£532.5K01/230.41 mi73, Montem Road, London, Greater London SE23 1SH2
£450K06/230.41 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£375K06/210.43 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£455K07/230.44 mi39a, Codrington Hill, London, Greater London SE23 1LR2
£492K06/210.44 miGreenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB2
£435.8K08/210.45 mi24, Shipman Road, London, Greater London SE23 2DY2
£495.2K07/230.45 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£369K04/210.45 mi12a, Blythe Close, London, Greater London SE6 4UW2
£467K11/200.46 mi21, Brockley View, London, Greater London SE23 1SN2
£335K04/230.46 mi14, Church Vale, London, Greater London SE23 2UW2
£342K11/200.46 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£450K03/210.47 mi37b, Siddons Road, London, Greater London SE23 2JH2

Local Rents

48 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.03 miWastdale Road Forest Hill SE232
£2,00004/250.08 mi-2
£1,65008/240.1 miStanstead Road, London, SE232
£1,85002/240.14 mi-2
£2,25008/240.15 miBrockley Rise London SE232
£1,70002/240.15 mi-2
£1,65009/240.15 mi-2
£2,20003/250.16 mi-2
£1,50008/240.16 miSunderland Road Forest Hill SE232
£1,80002/250.16 mi-2
£1,70010/240.16 mi-2
£1,70003/250.16 mi-2
£1,70008/240.16 miStanstead Road, London, SE232
£2,20003/250.16 mi-2
£2,50003/250.16 mi-2
£2,20008/240.16 mi-2
£1,85010/240.18 mi-2
£1,90008/240.19 miWhatman Road, Honor Oak2
£1,90011/240.2 mi-2
£2,25008/240.2 miColfe Road, Forest Hill, London, SE232
£2,25009/240.2 miColfe Road Forest Hill SE232
£1,90001/250.22 mi-2
£1,90001/250.22 mi-2
£1,60008/240.22 miSt German's Road, Forest Hill, SE232
£1,75008/240.22 miSt. German's Road, London, SE232
£1,95008/240.22 miSt. German's Road, London, SE232
£1,60008/240.22 miCranston Road, Forest Hill, SE232
£1,85003/250.23 mi-2
£2,10008/240.23 miWaldram Park Road London SE232
£1,60008/240.23 miWaldram Park Road, Forest Hill, SE232
£1,60008/240.23 miSunderland Road, Forest Hill, SE232
£1,70009/240.23 miSunderland Road London SE232
£1,85011/240.23 mi-2
£1,85011/240.23 mi-2
£1,75008/240.23 miStanstead Road, London, SE232
£1,95008/240.24 miWaldram Park Road, Forest Hill, London, SE232
£1,85008/240.24 miDevonshire Road, London, SE232
£2,15008/240.25 mi-2
£1,65008/240.25 miDevonshire Road, London, SE232
£1,75008/240.25 miSt Germans Road, Forest Hill, London, SE232
£1,75008/240.25 miBrockley Park London SE232
£1,65003/250.26 mi-2
£2,10008/240.26 miDevonshire Road, Forest Hill, SE232
£1,55009/240.26 mi-2
£1,70003/250.26 mi-2
£1,55008/240.26 miDevonshire Road, London, SE232
£1,85008/240.26 miDevonshire Road, London, SE232
£1,70003/250.26 mi-2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £325,000

April 1, 2025

Listed for £350,000

February 19, 2025

Floor Plans

Description

  • 2nd Floor +
  • 2 Bedroom +
  • Conversion Flat +
  • Currently being refurbished +
  • wlaking Distance of Train Station +
  • Close to Foresthill High Street +
  • Stamp Duty Incentive Available +

Situated in the lively suburb of Foresthill, this two-bedroom flat on Wastdale Road presents a budget-friendly entry into property ownership. The flat features a practical layout with two bedrooms and a bathroom, catering to both small families and professionals. The leasehold property ensures a straightforward investment, making it attractive for those looking to enter the property market.

Foresthill is known for its community spirit and accessibility. With local amenities within easy reach, residents can enjoy the convenience of nearby shops and services. The area also offers excellent transport links, providing straightforward commutes to central locations and beyond.

Nearby educational institutions, such as the Foresthill Primary School, cater to families seeking quality education options. Parks and recreational facilities are also within close proximity, contributing to the area's appeal. With its combination of affordability and location, this flat is a compelling option.

Opportunities like this are rare in such a sought-after area. Act quickly to secure your place in Foresthill's vibrant community.
Please note Photos are staged

Agent Details

Cornerstone Estate Agents, Croydon

020 4572 0461

Next Steps?

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