2 Bed Flat, Single Let, London, SE17 3PG, £325,000

Otto Street, London, SE17 3PG - 3 views - a month ago

Leasehold

BTL

ROI: 5%

~68 m²

+18 photos

ValuationUndervalued

Sold Prices	£180K - £825K
Sold Prices/m²	£5.6K/m² - £9.9K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£399,750£399,750
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,650 - £3,750£1,650 - £3,750
Rent Estimate	£1,809
Running Costs/mo	£1,397£1,397
Cashflow/mo	£412£412
Cashflow/yr	£4,939£4,939
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £180K to £825K, average is £436.5K. £5.6K/m² to £9.9K/m², average is £7.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	04/21	0.01 mi	Flat 15, Walters House, Otto Street, London, Greater London SE17 3PG	-	-	2	Flat
£180K	05/21	0.04 mi	Flat 22, Bateman House, Otto Street, London, Greater London SE17 3PF	-	-	2	Flat
£180K	05/21	0.04 mi	Flat 22, Bateman House, Otto Street, London, Greater London SE17 3PF	-	-	2	Flat
£285K	02/21	0.05 mi	Flat 28, Cornish House, Brandon Estate, London, Greater London SE17 3PE	-	-	2	Flat
£265K	09/21	0.05 mi	Flat 40, Cornish House, Brandon Estate, London, Greater London SE17 3PE	-	-	2	Flat
£285K	09/21	0.07 mi	Flat 14, Brawne House, Brandon Estate, London, Greater London SE17 3PJ	-	-	2	Flat
£465K	06/21	0.13 mi	149, Hillingdon Street, London, Greater London SE17 3JH	£5,649	82	2	Flat
£355K	06/21	0.14 mi	143f, Cooks Road, London, Greater London SE17 3NS	£6,339	56	2	Flat
£540K	11/20	0.17 mi	38, Fleming Road, London, Greater London SE17 3QR	£6,585	82	2	Flat
£650K	07/23	0.22 mi	128a, Grosvenor Terrace, London, Greater London SE5 0NL	£7,843	83	2	Flat
£390K	09/21	0.23 mi	Flat 269, Irving House, Doddington Grove, London, Greater London SE17 3TS	-	-	2	Flat
£620K	12/22	0.24 mi	16, Kennington Park Place, London, Greater London SE11 4AS	-	-	2	Flat
£420K	06/23	0.24 mi	Flat 135, Edmund House, Doddington Grove, London, Greater London SE17 3TA	-	-	2	Flat
£617.5K	11/20	0.26 mi	115b, Grosvenor Park, London, Greater London SE5 0NJ	£8,125	76	2	Flat
£624K	03/21	0.26 mi	115a, Grosvenor Park, London, Greater London SE5 0NJ	£9,905	63	2	Flat
£350K	03/21	0.28 mi	203, Olney Road, London, Greater London SE17 3HT	£5,645	62	2	Flat
£597K	12/20	0.28 mi	1b, Grosvenor Park, London, Greater London SE5 0NQ	£9,950	60	2	Flat
£475K	11/20	0.3 mi	86c, Grosvenor Terrace, London, Greater London SE5 0NW	£6,884	69	2	Flat
£387.5K	07/21	0.3 mi	Flat 18, Pascall House, Draco Street, London, Greater London SE17 3HP	-	-	2	Flat
£590K	03/21	0.3 mi	104e, Vassall Road, London, Greater London SW9 6JA	£6,320	93	2	Flat
£425K	08/23	0.3 mi	Flat 19, Eglington Court, Lorrimore Road, London, Greater London SE17 3LY	-	-	2	Flat
£588.2K	12/20	0.32 mi	55, Carter Street, London, Greater London SE17 3EN	£9,337	63	2	Flat
£433K	07/21	0.35 mi	5, Salisbury Place, London, Greater London SW9 6UW	-	-	2	Flat
£382.5K	10/23	0.35 mi	30, Salisbury Place, London, Greater London SW9 6UW	£9,563	40	2	Flat
£350K	03/23	0.35 mi	Flat 45, Hornby House, Clayton Street, London, Greater London SE11 5DB	-	-	2	Flat
£500K	06/21	0.35 mi	16b, Urlwin Street, London, Greater London SE5 0NF	£7,250	69	2	Flat
£723.8K	07/21	0.35 mi	4, Radcot Street, London, Greater London SE11 4AH	-	-	2	Flat
£360.5K	11/21	0.35 mi	Flat 28, Lockwood House, Kennington Oval, London, Greater London SE11 5SZ	-	-	2	Flat
£426K	10/21	0.36 mi	29, Langdale Close, London, Greater London SE17 3UF	£7,607	56	2	Flat
£370K	02/21	0.36 mi	34, Langdale Close, London, Greater London SE17 3UF	£6,727	55	2	Flat
£825K	03/21	0.38 mi	The Lower Maisonette At, 22, Offley Road, London, Greater London SW9 0LS	-	-	2	Flat
£410K	10/23	0.38 mi	34, Offley Road, London, Greater London SW9 0LS	-	-	2	Flat
£787K	12/20	0.38 mi	14a, Offley Road, London, Greater London SW9 0LS	£7,870	100	2	Flat
£492K	04/23	0.38 mi	Basement Flat, 36, Offley Road, London, Greater London SW9 0LS	£8,339	59	2	Flat
£390K	01/21	0.38 mi	Flat 39, Lohmann House, Kennington Oval, London, Greater London SE11 5BU	-	-	2	Flat
£390K	06/21	0.38 mi	Flat 4, Lohmann House, Kennington Oval, London, Greater London SE11 5BU	-	-	2	Flat
£370K	01/23	0.38 mi	Flat 44, Lohmann House, Kennington Oval, London, Greater London SE11 5BX	-	-	2	Flat
£367K	04/23	0.38 mi	Flat 71, Lohmann House, Kennington Oval, London, Greater London SE11 5BX	-	-	2	Flat
£620K	06/21	0.39 mi	34a, Ravensdon Street, London, Greater London SE11 4AR	£9,254	67	2	Flat
£585K	06/21	0.39 mi	4, Ambergate Street, London, Greater London SE17 3RX	-	-	2	Flat
£540K	08/23	0.4 mi	29, Methley Street, Kennington, London, Greater London SE11 4AL	£6,557	82	2	Flat
£473K	06/21	0.41 mi	Flat 45, Kilner House, Clayton Street, London, Greater London SE11 5SE	-	-	2	Flat
£780K	06/21	0.41 mi	26b, Methley Street, Kennington, London, Greater London SE11 4AJ	-	-	2	Flat
£440K	11/20	0.42 mi	105a, Brixton Road, London, Greater London SW9 6EE	-	-	2	Flat
£480K	06/21	0.42 mi	Flat F, 27 - 29, Clapham Road, London, Greater London SW9 0JD	-	-	2	Flat
£512K	04/23	0.43 mi	11, Borrett Close, London, Greater London SE17 3JF	£5,689	90	2	Flat
£365K	03/23	0.43 mi	Flat 19, Cameron House, Comber Grove, London, Greater London SE5 0UJ	-	-	2	Flat
£475K	04/21	0.43 mi	First Floor Flat, 50, Crewdson Road, London, Greater London SW9 0LJ	£8,636	55	2	Flat
£453K	05/23	0.44 mi	Flat B, 54, Crewdson Road, London, Greater London SW9 0LJ	£8,089	56	2	Flat
£382K	07/23	0.44 mi	Flat 2, Penrose House, Penrose Street, London, Greater London SE17 3DU	-	-	2	Flat

Local Rents

49 rents from £1.6K/mo to £3.8K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	08/24	0 mi	Walters House, Otto Street, London, SE17	2	Flat
£2,200	08/24	0.05 mi	Brandon Estate, Kennington, London, SE17	2	Flat
£2,100	10/24	0.14 mi	-	2	Flat
£2,200	12/24	0.19 mi	-	2	Flat
£2,500	12/24	0.2 mi	-	2	Terraced House
£2,300	08/24	0.21 mi	Faunce House, Elephant and Castle, London, SE17	2	Flat
£2,195	09/24	0.22 mi	-	2	Flat
£2,195	09/24	0.22 mi	Kennington Park Place, London, SE11	2	Flat
£2,295	02/25	0.24 mi	-	2	Flat
£2,496	08/24	0.24 mi	Lorrimore Square, Kennington	2	Flat
£2,250	08/24	0.24 mi	Colet House, Doddington Grove, Kennington	2	Flat
£2,496	08/24	0.24 mi	Lorrimore Square, SE17	2	Flat
£2,500	08/24	0.24 mi	Grosvenor Terrace, London, SE5	2	Flat
£2,400	03/25	0.25 mi	-	2	Terraced House
£2,000	08/24	0.25 mi	Lorrimore Road Kennington SE17	2	Flat
£2,700	10/24	0.26 mi	-	2	Flat
£2,350	08/24	0.26 mi	Lorrimore Road, Kennington, SE17	2	Terraced House
£2,300	09/24	0.26 mi	-	2	Flat
£1,950	08/24	0.27 mi	Doddington Grove, SE17	2	Flat
£2,700	03/25	0.27 mi	-	2	Flat
£1,650	03/25	0.28 mi	-	2	Flat
£2,250	08/24	0.28 mi	-	2	House
£1,760	12/24	0.29 mi	-	2	Flat
£1,760	12/24	0.29 mi	-	2	Flat
£2,600	09/24	0.3 mi	Kennington Park Road, Kennington, London, SE11	2	Flat
£2,150	03/25	0.3 mi	-	2	Flat
£2,100	08/24	0.31 mi	Kennington Park Road, London, SE11	2	Flat
£2,197	08/24	0.31 mi	Kennington Park Road, Kennington	2	Flat
£2,550	03/25	0.31 mi	-	2	Flat
£2,750	08/24	0.31 mi	Stannary Street London SE11	2	Flat
£3,750	09/24	0.31 mi	Gasholder Place, London	2	Flat
£1,950	12/24	0.31 mi	-	2	Flat
£2,500	09/24	0.32 mi	Beregaria Court, 190 Kennington Park Road, London, SE11	2	Flat
£2,500	01/25	0.32 mi	-	2	Flat
£2,100	03/25	0.32 mi	-	2	Flat
£2,250	09/24	0.33 mi	Prima Road, London	2	Flat
£2,000	02/24	0.33 mi	-	2	Flat
£2,300	09/24	0.34 mi	Offley Road, London, SW9	2	Terraced House
£1,975	02/24	0.35 mi	-	2	Flat
£2,800	10/24	0.35 mi	-	2	Flat
£2,500	03/25	0.35 mi	-	2	Terraced House
£1,825	03/25	0.35 mi	-	2	Flat
£2,050	11/24	0.35 mi	-	2	Flat
£2,000	12/24	0.35 mi	Farmer's Road, SE5	2	Flat
£1,850	09/24	0.36 mi	Elliott Road, Oval, SW9	2	Flat
£2,850	08/24	0.36 mi	Braganza Street, London, SE17	2	Flat
£2,000	08/24	0.37 mi	Grosvenor Terrace, Camberwell.	2	Flat
£2,900	01/25	0.37 mi	-	2	Terraced House
£2,600	09/24	0.37 mi	Clapham Road, London SW9	2	Flat

Local Area Statistics

Population in SE17	31,52231,522
Population in London	4,771,9214,771,921
Town centre distance	3.17 miles away3.17 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £325,000

February 20, 2025

Floor Plans

Description

Close To Public Transport +
Balcony +
Double Glazed +
Two Double Bedrooms +
Fully Equipped Kitchen +
Excellent Condition +
No Chain +
Stunning Views +

Situated in an enviable location overlooking a beautiful green expanse in SE17, this beautifully presented, contemporary upper floor apartment offers a perfect fusion of style and comfort.

The property features two generously proportioned bedrooms, making it ideal for a small family or professionals seeking a serene and inviting living space. The apartment is flooded with natural light, creating a warm and welcoming ambiance.

The living area is elegantly appointed, providing an ideal setting for both relaxation and social gatherings. Step out onto the private balcony to enjoy lovely green views. With Oval and Kennington station just a short walking distance away this provides excellent transport links and ample amenities nearby, this property offers convenience and tranquillity in equal measure.

Lease Length: 112 Years
Annual Service Charge: £4300 (includes heating & hot water).
Annual Ground Rent: £10
Southwark Council - Council Tax Band: B
Energy Effciciency Rating: C

Agent Details

Acorn, Kennington

020 7123 8490

Next Steps?

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

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