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

Wastdale road, Forest Hill, SE23 1HN - 2 months ago

Leasehold
BTL
ROI: 2%
~55 m²

ValuationUndervalued

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

 

 

Square Metres

~54.91 m²
Price/m²£5.9K/m²

Value Estimate

£364,199
BMV12%

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

£1,556

Running Costs/mo

£1,347

Cashflow/mo

£209

Cashflow/yr

£2,510

ROI

2%

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
£450K08/230.1 mi16, Firs Close, London, Greater London SE23 1BB2
£398.5K10/210.16 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£345K03/230.18 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£322.5K06/230.18 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£485K04/210.19 mi65a, Colfe Road, London, Greater London SE23 2ES2
£290K11/200.2 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£375K09/210.21 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£387.5K12/210.21 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£372.5K06/210.21 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£465K12/200.23 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£376K05/210.25 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£350K07/230.27 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£513.9K07/230.27 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£250K06/210.27 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£312.5K04/230.27 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£464K11/200.28 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£435K12/200.29 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£375K03/210.3 mi48b, Elsinore Road, London, Greater London SE23 2SL2
£595K06/230.3 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£440K05/230.3 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£435K11/200.31 mi71, St German's Road, London, Greater London SE23 1RY2
£507.8K12/200.32 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£498K04/210.33 mi64a, Hurstbourne Road, London, Greater London SE23 2AB2
£420K03/210.34 mi27b, Como Road, London, Greater London SE23 2JL2
£567.5K06/230.36 mi47, Farren Road, London, Greater London SE23 2DZ2
£485K06/210.36 mi61, Hurstbourne Road, London, Greater London SE23 2AA2
£325K09/210.36 mi4b, Fermor Road, London, Greater London SE23 2HN2
£556K12/200.37 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£475.5K02/230.38 mi39, Como Road, London, Greater London SE23 2JL2
£540K02/230.38 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£350K12/200.38 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£385K05/210.39 mi48b, Montem Road, London, Greater London SE23 1SJ2
£373.3K07/230.39 mi172, Grierson Road, London, Greater London SE23 1NU2
£427.5K08/210.4 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£485K02/230.4 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£532.5K01/230.41 mi73, Montem Road, London, Greater London SE23 1SH2
£375K06/210.41 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£430K11/210.41 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£440K01/230.42 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£495.2K07/230.42 mi154, Kilmorie Road, London, Greater London SE23 2SR2
£435.8K08/210.42 mi24, Shipman Road, London, Greater London SE23 2DY2
£342K11/200.43 mi103, Elsinore Road, London, Greater London SE23 2SQ2
£450K03/210.44 mi37b, Siddons Road, London, Greater London SE23 2JH2
£335K04/230.44 mi14, Church Vale, London, Greater London SE23 2UW2
£450K06/230.44 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£369K04/210.45 mi12a, Blythe Close, London, Greater London SE6 4UW2
£455K07/230.45 mi39a, Codrington Hill, London, Greater London SE23 1LR2
£467K11/200.47 mi21, Brockley View, London, Greater London SE23 1SN2
£458.8K01/210.48 mi88, Elsinore Road, London, Greater London SE23 2SN2

Local Rents

47 rents from £1.5K/mo to £2.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65008/240 miWastdale Road Forest Hill SE232
£1,65008/240.07 miStanstead Road, London, SE232
£2,00004/250.11 mi-2
£1,85002/240.12 mi-2
£1,65009/240.13 mi-2
£2,25008/240.13 miBrockley Rise London SE232
£1,80002/250.13 mi-2
£1,70010/240.13 mi-2
£1,70003/250.13 mi-2
£1,70008/240.13 miStanstead Road, London, SE232
£2,20003/250.13 mi-2
£1,50008/240.14 miSunderland Road Forest Hill SE232
£2,20003/250.14 mi-2
£2,20008/240.14 mi-2
£2,50003/250.14 mi-2
£1,70002/240.14 mi-2
£1,85010/240.16 mi-2
£2,25008/240.17 miColfe Road, Forest Hill, London, SE232
£2,25009/240.17 miColfe Road Forest Hill SE232
£1,90011/240.17 mi-2
£1,60008/240.19 miCranston Road, Forest Hill, SE232
£1,90001/250.19 mi-2
£1,90001/250.19 mi-2
£1,60008/240.2 miSt German's Road, Forest Hill, SE232
£1,75008/240.2 miSt. German's Road, London, SE232
£1,95008/240.2 miSt. German's Road, London, SE232
£1,60008/240.2 miSunderland Road, Forest Hill, SE232
£1,70009/240.2 miSunderland Road London SE232
£1,85011/240.21 mi-2
£1,85011/240.21 mi-2
£1,75008/240.21 miStanstead Road, London, SE232
£2,10008/240.21 miWaldram Park Road London SE232
£1,60008/240.21 miWaldram Park Road, Forest Hill, SE232
£1,90008/240.21 miWhatman Road, Honor Oak2
£2,15008/240.22 mi-2
£1,95008/240.22 miWaldram Park Road, Forest Hill, London, SE232
£2,20008/240.23 miColfe Road, SE232
£1,75008/240.24 miSt Germans Road, Forest Hill, London, SE232
£1,85003/250.24 mi-2
£1,75008/240.25 miBrockley Park London SE232
£1,80008/240.25 mi-2
£2,35008/240.26 miStanstead Road, London, SE232
£1,85008/240.26 miDevonshire Road, London, SE232
£1,55009/240.27 mi-2
£1,70003/250.27 mi-2
£1,55008/240.27 miDevonshire Road, London, SE232
£1,70008/240.27 miWaldram Park Road, London2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 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 £349,999

February 20, 2025

Floor Plans

Description

  • Two bedrooms +
  • Second floor +
  • Chain free +
  • Just completed full refu +
  • Open plan kitchen diner +
  • Photos & Floorplan pendng +
  • EPC C +

Guide Price £325,000 - £375,000 A two bedroom second floor apartment, well situated for both Forest Hill and Honor Oak station and in close proximity to amenities. Just completed full refurbishment throughout.

Agent Details

Kinleigh Folkard & Hayward - Sales, Forest Hill

020 3835 5504

Next Steps?

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