5 Bed Flat, Single Let, London, SE23 2QG, £925,000

Paxton Road, London, SE23 2QG - 2 months ago

Under Offer
Leasehold
BTL
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£343K - £931K
Sold Prices/m²£3.5K/m² - £9.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£5.2K/m²

Value Estimate

£1,012,224
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£231,250

Stamp Duty & Legal Fees

£62,700

Total Cash In

£293,950

 

 

Cash Out

 

Rent Range

£1,600 - £4,500

Rent Estimate

£2,112

Running Costs/mo

£3,333

Cashflow/mo

£-1,221

Cashflow/yr

£-14,652

Gross Yield

3%

Local Sold Prices

29 sold prices from £343K to £931K, average is £550K. £3.5K/m² to £9.1K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£450K01/230.26 mi38, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN4
£457K03/210.56 mi3, Noel Terrace, London, Greater London SE23 3JJ4
£615K08/210.83 mi81b, London Road, London, Greater London SE23 3UZ4
£410K11/230.91 mi6, Otto Close, Sydenham, London, Greater London SE26 4NA4
£931K02/241.12 mi68, Crystal Palace Park Road, London, Greater London SE26 6UN4
£343K12/201.24 miFlat 1, Flatford House, Bromley Road, Catford, London, Greater London SE6 2TG4
£800K04/211.25 mi9b, Underhill Road, London, Greater London SE22 0BT4
£550K04/211.39 mi108b, Oakfield Road, London, Greater London SE20 8RQ4
£720K03/231.43 mi33a, Sydenham Hill, London, Greater London SE26 6SH4
£400K10/201.46 mi8, Ridgemount Close, London, Greater London SE20 8NJ4
£580K08/231.78 mi34, Waldegrave Road, London, Greater London SE19 2AJ4
£525K11/201.85 miGarden Flat, 268, Crystal Palace Road, London, Greater London SE22 9JH4
£350.5K11/211.94 mi8a, Alexandra Drive, London, Greater London SE19 1AJ4
£385K10/211.94 mi195b, George Lane, London, Greater London SE13 6RY4
£377.5K01/231.96 mi9a, Seymour Terrace, London, Greater London SE20 8SA4
£800K06/211.99 mi92, Foxberry Road, London, Greater London SE4 2SH4
£491.9K11/212 miGround Floor Flat, 139, South Croxted Road, London, Greater London SE21 8AX4
£350K12/222.15 miFlat C, 17, Rosendale Road, West Dulwich, London, Greater London SE21 8DS4
£490K11/202.19 mi1, Erin Close, Bromley, Greater London BR1 4NX4
£850K03/212.27 mi2, Woodview Mews, London, Greater London SE19 2BN4
£542.5K01/232.36 mi9a, Thorncombe Road, London, Greater London SE22 8PX4
£730K03/212.45 mi12, Dalkeith Road, London, Greater London SE21 8LS4
£750K04/212.49 mi52, Turney Road, London, Greater London SE21 8LU4
£550K03/212.55 mi15, Bramdean Crescent, London, Greater London SE12 0NU4
£905K07/232.55 mi89a, Pepys Road, London, Greater London SE14 5SE4
£755.4K03/232.68 mi20a, Ommaney Road, New Cross, London, Greater London SE14 5NT4
£667.5K06/212.76 mi52b, Hollingbourne Road, London, Greater London SE24 9ND4
£605K05/212.9 mi174, Casewick Road, London, Greater London SE27 0SZ4
£725K10/202.98 mi156, New Cross Road, London, Greater London SE14 5BA4

Local Rents

50 rents from £1.6K/mo to £4.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,69508/240.08 miPerry Rise, London, SE233
£1,85010/240.09 mi-3
£3,00001/250.1 mi-5
£2,20001/250.1 mi-3
£2,60008/240.1 mi-3
£2,10008/240.14 mi-3
£1,85008/240.17 miPerry Vale, London, SE233
£2,25011/230.21 miAdamsrill Road, Sydenham, SE263
£2,30008/240.23 mi-3
£2,45008/240.24 mi-3
£4,00004/250.25 mi-3
£2,40002/250.25 mi-3
£2,50008/240.25 miHouston Road, Forest Hill, London, SE233
£2,30008/240.26 miAdamsrill Road, London3
£2,35008/240.27 miPerry Hill, London, SE64
£2,27509/240.29 mi-4
£2,27508/240.29 miBurghill Road, Sydenham, SE264
£3,20010/240.3 mi-4
£2,50008/240.3 miHouston Road, Forest Hill, SE233
£2,00008/240.31 miHolmshaw Close, London, SE263
£2,30008/240.31 miLondon, SE263
£2,30008/240.31 mi-3
£2,45011/240.31 mi-3
£2,40003/250.31 mi-3
£2,65003/250.37 mi-3
£2,95009/240.38 mi-4
£3,10008/240.38 miNyon Grove, London, SE64
£2,69508/240.4 miChurch View, Sunderland Road, London, SE234
£2,19508/240.4 miBroadmead, London, SE63
£2,50004/250.4 mi-3
£2,30008/240.4 mi-3
£2,75008/240.4 miHennel Close, London, SE233
£2,75009/240.4 mi-3
£2,85004/250.4 mi-3
£2,50008/240.41 miHighclere Street, Sydenham, SE263
£1,75008/240.41 miElsinore Road London SE233
£2,75008/240.42 miDacres Road, Forest Hill, London, SE233
£3,00008/240.46 miLoxton Road, Forest Hill, London, SE234
£1,60008/240.46 miPerry Vale, Forest Hill, SE233
£4,50008/240.47 miVancouver road, SE233
£1,70010/240.48 mi-3
£3,00008/240.48 miSunderland Road, London, SE234
£2,30001/250.5 mi-3
£2,80008/240.5 miSunderland Road, London, SE234
£2,99508/240.5 miChurch Rise, London, SE234
£2,99508/240.5 miChurch Rise, London, SE234
£4,50008/240.5 miChurch Rise, Forest Hill, London, SE234
£2,90008/240.51 miSunderland Road, Forest Hill, SE234
£2,50009/240.51 mi-3
£2,60008/240.51 miSaxon Terrace Catford SE64

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

7.11 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £925,000

February 20, 2025

Description

  • Multi-Unit Property +
  • Portfolio of 5 Flats +
  • Modern Kitchen and Bathroom +
  • Good Condition +
  • Allocated Parking +
  • Easy Access to Local Amenities +

Our latest listing is a portfolio of 5 flats in London. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

This multi-unit property features modern lounge/bedroom, kitchen and three-piece bathroom in good condition. There is also ample parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.

Investment Details

It currently produces an annual gross income of £72,600 which could be increased by the new owner to a market rate of £80,700 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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