2 Bed Flat, Single Let, London, SE8 4LB, £295,000

Armoury Road, Deptford, SE8 4LB - 1 views - a month ago

Leasehold

BTL

ROI: 5%

~68 m²

ValuationUndervalued

Sold Prices	£152K - £695K
Sold Prices/m²	£4.9K/m² - £11.5K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£368,750£368,750
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£73,750£73,750
Stamp Duty & Legal Fees	£12,300£12,300
Total Cash In	£86,050£86,050

Cash Out
Rent Range	£1,600 - £2,900£1,600 - £2,900
Rent Estimate	£1,625
Running Costs/mo	£1,267£1,267
Cashflow/mo	£358£358
Cashflow/yr	£4,298£4,298
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £152K to £695K, average is £435K. £4.9K/m² to £11.5K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	11/21	0.05 mi	Flat 23, Compass House, Armoury Road, London, Greater London SE8 4LF	-	-	2	Flat
£375.1K	02/23	0.1 mi	Flat 601, Adana Building, Conington Road, London, Greater London SE13 7FD	-	-	2	Flat
£335K	11/20	0.12 mi	Flat 56, Century House, Armoury Road, London, Greater London SE8 4LH	-	-	2	Flat
£335K	04/21	0.15 mi	Flat 26, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£359K	05/21	0.15 mi	Flat 18, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£375K	03/21	0.15 mi	Flat 23, Grover Court, Loampit Hill, London, Greater London SE13 7ST	-	-	2	Flat
£380K	04/21	0.2 mi	Apartment 2, The White Cube, Algernon Road, London, Greater London SE13 7FS	-	-	2	Flat
£600K	10/23	0.22 mi	Ground Floor Flat, 16, Halesworth Road, London, Greater London SE13 7TN	£11,538	52	2	Flat
£525K	12/20	0.25 mi	36a, Shell Road, London, Greater London SE13 7TW	-	-	2	Flat
£547K	09/23	0.27 mi	First Floor Flat, 39b, Undercliff Road, London, Greater London SE13 7TU	£8,547	64	2	Flat
£570K	05/21	0.28 mi	81a, Halesworth Road, London, Greater London SE13 7TL	-	-	2	Flat
£695K	09/21	0.3 mi	14b, St Johns Vale, London, Greater London SE8 4EW	£6,881	101	2	Flat
£152K	08/21	0.32 mi	Flat 2, Ohio Building, Deals Gateway, London, Greater London SE13 7RX	-	-	2	Flat
£365K	03/21	0.32 mi	71, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£332K	04/23	0.32 mi	73 - 99, Walerand Road, London, Greater London SE13 7PQ	-	-	2	Flat
£360K	05/23	0.33 mi	78, Lewisham Hill, London, Greater London SE13 7EL	£4,932	73	2	Flat
£500K	08/23	0.33 mi	3d, St Johns Vale, London, Greater London SE8 4EA	£7,610	66	2	Flat
£405K	07/23	0.33 mi	Flat 405, Arizona Building, Deals Gateway, London, Greater London SE13 7QQ	-	-	2	Flat
£485K	03/21	0.34 mi	Flat A, 102, Sandrock Road, London, Greater London SE13 7TP	£7,823	62	2	Flat
£415.1K	06/21	0.34 mi	46d, Tyrwhitt Road, London, Greater London SE4 1QG	£5,535	75	2	Flat
£320K	11/23	0.35 mi	114, Crosslet Vale, Greenwich, London, Greater London SE10 8DL	£5,926	54	2	Flat
£410K	03/23	0.37 mi	Flat 505, Idaho Building, Deals Gateway, London, Greater London SE13 7QG	-	-	2	Flat
£435K	10/23	0.37 mi	Flat 604, Idaho Building, Deals Gateway, London, Greater London SE13 7QG	-	-	2	Flat
£335K	03/23	0.37 mi	25, Crosslet Vale, Greenwich, London, Greater London SE10 8DH	£6,700	50	2	Flat
£345K	08/21	0.38 mi	Flat 101, Atlanta Building, Deals Gateway, London, Greater London SE13 7RU	-	-	2	Flat
£422K	04/23	0.38 mi	Flat 107, Dakota Building, Deals Gateway, London, Greater London SE13 7QE	-	-	2	Flat
£480K	07/23	0.38 mi	Flat 603, Dakota Building, Deals Gateway, London, Greater London SE13 7QE	-	-	2	Flat
£475K	12/20	0.41 mi	133b, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£445.4K	01/23	0.42 mi	133a, Brookbank Road, London, Greater London SE13 7DA	-	-	2	Flat
£615K	12/21	0.43 mi	11a, Tressillian Road, London, Greater London SE4 1YG	£6,029	102	2	Flat
£383K	01/24	0.43 mi	Garden Flat, 37, Blackheath Road, London, Greater London SE10 8PE	£4,910	78	2	Flat
£445K	03/21	0.44 mi	9b, Drake Road, London, Greater London SE4 1QH	£6,544	68	2	Flat
£455K	01/23	0.44 mi	82c, Tyrwhitt Road, London, Greater London SE4 1QB	-	-	2	Flat
£355K	03/21	0.44 mi	49a, Granville Park, London, Greater London SE13 7DW	£5,000	71	2	Flat
£503.5K	07/23	0.45 mi	131a, Greenwich South Street, London, Greater London SE10 8NX	-	-	2	Flat
£600K	02/21	0.46 mi	Flat C, 44, Tressillian Road, London, Greater London SE4 1YB	£5,875	102	2	Flat
£443K	07/23	0.47 mi	Flat 12, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.47 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£435K	05/21	0.47 mi	Flat 32, Dartmouth Court, Dartmouth Grove, London, Greater London SE10 8AS	-	-	2	Flat
£467K	05/23	0.48 mi	13, Lloyd Villas, London, Greater London SE4 1US	£6,380	73	2	Flat
£420K	01/23	0.48 mi	18, Lloyd Villas, London, Greater London SE4 1US	£5,915	71	2	Flat
£500K	07/23	0.48 mi	43, Lloyd Villas, London, Greater London SE4 1US	£7,042	71	2	Flat
£520K	05/23	0.48 mi	22, Lloyd Villas, London, Greater London SE4 1US	-	-	2	Flat
£500K	04/23	0.49 mi	32b, Breakspears Road, London, Greater London SE4 1UW	£6,667	75	2	Flat
£555.5K	03/23	0.49 mi	32, Breakspears Road, London, Greater London SE4 1UW	£7,725	72	2	Flat
£482.5K	12/20	0.5 mi	Flat 8, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£530K	06/21	0.5 mi	Flat 9, Tyler House, Wat Tyler Road, London, Greater London SE3 0RF	-	-	2	Flat
£485K	02/23	0.5 mi	14, Point Close, Greenwich, London, Greater London SE10 8QS	£6,736	72	2	Flat
£430K	11/20	0.5 mi	Flat 1, Hadrian Court, Breakspears Road, London, Greater London SE4 1XP	-	-	2	Flat
£425K	08/24	0.51 mi	53c, Devonshire Drive, London, Greater London SE10 8JZ	£7,589	56	2	Flat

Local Rents

48 rents from £1.6K/mo to £2.9K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	11/24	0 mi	-	2	Flat
£1,800	10/24	0.05 mi	-	2	Flat
£1,800	01/25	0.05 mi	-	2	Flat
£2,100	08/24	0.05 mi	Armoury Road, London, Greater London, SE8 4LA	2	Flat
£2,100	02/24	0.07 mi	-	2	Flat
£1,950	09/23	0.08 mi	Thurston Road, Lewisham, London	2	Flat
£1,850	08/24	0.09 mi	Connington Road	2	Flat
£2,355	08/24	0.1 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,900	08/24	0.1 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,000	02/25	0.1 mi	-	2	Flat
£1,650	11/24	0.1 mi	-	2	Flat
£2,400	02/25	0.1 mi	-	2	Flat
£2,150	03/25	0.11 mi	-	2	Flat
£1,900	10/24	0.11 mi	-	2	Flat
£1,750	08/24	0.11 mi	-	2	Flat
£1,750	08/24	0.12 mi	Century House, Deptford, SE8	2	Flat
£1,600	08/24	0.12 mi	Century House, Armoury Road, London, SE8	2	Flat
£1,600	02/24	0.12 mi	-	2	Flat
£2,850	03/25	0.12 mi	-	2	Flat
£2,050	02/25	0.12 mi	-	2	Flat
£1,750	08/24	0.12 mi	Loampit Hill, Lewisham	2	Flat
£2,330	08/24	0.12 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,250	03/25	0.12 mi	-	2	Flat
£1,800	09/24	0.12 mi	Lindsay Court, Jerrard Street, SE13	2	Flat
£1,800	09/24	0.12 mi	Lindsay Court, Jerrard Street, SE13	2	Flat
£2,485	08/24	0.13 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£1,950	09/24	0.13 mi	-	2	Flat
£1,950	08/24	0.13 mi	Booth Court, London, SE13	2	Flat
£2,600	08/24	0.13 mi	Bale & Anchor, Conington Road, SE13	2	Flat
£2,253	08/24	0.13 mi	Hester House, 72-78 Conington Road, Lewisham, Deptford Bridge, Greenwich, London, SE13 7FL	2	Flat
£2,430	08/24	0.13 mi	Flat A410, Anchor House, Conington Road, London, SE13 7SQ	2	Flat
£2,460	08/24	0.13 mi	Flat B209, Anchor House, Conington Road, London, SE13 7SQ	2	Flat
£2,420	08/24	0.13 mi	Conington Road, London, SE13	2	Flat
£2,360	09/24	0.13 mi	A209 Anchor House Conington Road, London, SE13	2	Flat
£1,825	02/25	0.14 mi	-	2	Flat
£2,150	08/24	0.14 mi	-	2	Flat
£2,150	08/24	0.14 mi	Booth Court, London, SE13	2	Flat
£2,535	08/24	0.15 mi	Flat 603, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,410	08/24	0.15 mi	Flat B509, Anchor House, Conington Road, London, SE13 7SQ	2	Flat
£2,605	08/24	0.15 mi	Flat 704, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 704, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,545	08/24	0.15 mi	Flat 1003, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	08/24	0.15 mi	Flat 503, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 301, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,435	08/24	0.15 mi	Flat 304, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	08/24	0.15 mi	Flat 503, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	09/24	0.15 mi	Flat 601, Bale House, Conington Road, London, SE13 7GX	2	Flat
£2,460	09/24	0.15 mi	Flat 604, Bale House, Conington Road, London, SE13 7GX	2	Flat

Local Area Statistics

Population in SE8	27,49027,490
Population in London	4,771,9214,771,921
Town centre distance	5.67 miles away5.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.08 miles away0.08 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-9%-9%

Property History

Listed for £295,000

February 20, 2025

Floor Plans

Description

Ground floor apartment, situated within a modern development which offers easy direct access to the Elverson Road DLR station.

The interior briefly comprises two double size bedrooms, bathroom suite with power shower over bath, very spacious lounge diner and a fitted kitchen.

Further benefits include a modernised water heater, a mixture of fitted carpets and laminate flooring and off street parking for two cars.

Lewisham high street and shopping centre is considered a short walk from this location, as well as Lewisham
mainline station and Brookmill Park.

Tenure: Leasehold (92 Years Remaining)
Service Charge: £1,800 Per Annum
Ground Rent: £200 Per Annum
Council Tax: Lewisham Band C

Agent Details

Conran Estates, Greenwich

020 8312 8312

Next Steps?

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

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