2 Bed Flat, Single Let, London, SE26 5SL, £375,000

Sydenham Road, London, SE26 5SL - 3 views - 2 months ago

Leasehold

BTL

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£200K - £818K
Sold Prices/m²	£3.9K/m² - £8.5K/m²

Square Metres	~68.11 m²
Price/m²	£5.5K/m²
Value Estimate	£405,917£405,917
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£112,450£112,450

Cash Out
Rent Range	£1,400 - £2,500£1,400 - £2,500
Rent Estimate	£1,484
Running Costs/mo	£1,489£1,489
Cashflow/mo	£-5£-5
Cashflow/yr	£-56£-56
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £200K to £818K, average is £335K. £3.9K/m² to £8.5K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	08/23	0.05 mi	10, Bell Green Lane, London, Greater London SE26 5TB	£4,776	67	2	Flat
£323K	07/23	0.05 mi	16, Bell Green Lane, London, Greater London SE26 5TB	£4,750	68	2	Flat
£310K	03/21	0.1 mi	12, Porthcawe Road, London, Greater London SE26 5TA	£4,844	64	2	Flat
£430K	09/21	0.1 mi	First And Second Floor Flat, 23, Champion Road, London, Greater London SE26 4HD	-	-	2	Flat
£303K	05/23	0.15 mi	20, Ridgewell Close, London, Greater London SE26 5AP	£5,611	54	2	Flat
£350K	03/23	0.17 mi	25b, Elderton Road, London, Greater London SE26 4EY	-	-	2	Flat
£416.5K	04/21	0.18 mi	29a, Champion Crescent, London, Greater London SE26 4HH	-	-	2	Flat
£400K	01/23	0.24 mi	39, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£7,018	57	2	Flat
£278K	03/21	0.24 mi	35, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£5,055	55	2	Flat
£510K	10/23	0.29 mi	36, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£7,612	67	2	Flat
£526K	10/23	0.29 mi	10, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£8,092	65	2	Flat
£505K	12/20	0.3 mi	9, Niederwald Road, London, Greater London SE26 4AD	£7,319	69	2	Flat
£387.5K	06/21	0.31 mi	15b, Adamsrill Road, London, Greater London SE26 4AL	£5,962	65	2	Flat
£455K	09/21	0.31 mi	98, Queenswood Road, London, Greater London SE23 2QS	£6,163	74	2	Flat
£315K	06/21	0.32 mi	97, Moremead Road, London, Greater London SE6 3LS	£6,563	48	2	Flat
£305K	01/21	0.33 mi	114, Moremead Road, London, Greater London SE6 3LT	£5,980	51	2	Flat
£818K	02/23	0.4 mi	49, Mayow Road, London, Greater London SE23 2XH	£8,521	96	2	Flat
£299K	10/21	0.4 mi	168, Meadowview Road, London, Greater London SE6 3NH	£5,537	54	2	Flat
£262.5K	06/21	0.41 mi	72, Montana Gardens, London, Greater London SE26 5BG	£4,605	57	2	Flat
£270K	04/23	0.41 mi	67, Montana Gardens, London, Greater London SE26 5BG	£4,704	57	2	Flat
£478K	08/21	0.41 mi	Ground Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL	£6,732	71	2	Flat
£276K	04/21	0.47 mi	158, Meadowview Road, London, Greater London SE6 3NQ	-	-	2	Flat
£335K	11/20	0.48 mi	21, Cowdrey Mews, London, Greater London SE6 3AP	£5,076	66	2	Flat
£500K	01/21	0.49 mi	19b, Princethorpe Road, London, Greater London SE26 4PF	£6,135	82	2	Flat
£465K	06/21	0.49 mi	13b, Princethorpe Road, London, Greater London SE26 4PF	£7,750	60	2	Flat
£512K	03/23	0.49 mi	Upper Flat, 31, Princethorpe Road, London, Greater London SE26 4PF	-	-	2	Flat
£295K	09/21	0.5 mi	60, Meadowview Road, London, Greater London SE6 3NN	£5,900	50	2	Flat
£265K	08/23	0.5 mi	46, Meadowview Road, London, Greater London SE6 3NN	-	-	2	Flat
£200K	07/23	0.5 mi	36, Meadowview Road, London, Greater London SE6 3NN	-	-	2	Flat
£260K	06/23	0.51 mi	11, Cowden Street, London, Greater London SE6 3SW	£3,939	66	2	Flat
£387K	03/23	0.52 mi	Flat 12, Dorryn Court, Trewsbury Road, London, Greater London SE26 5DR	-	-	2	Flat
£335K	10/21	0.53 mi	17, Meadowview Road, London, Greater London SE6 3NL	£6,569	51	2	Flat
£285K	01/21	0.53 mi	43, Meadowview Road, London, Greater London SE6 3NL	£5,377	53	2	Flat
£462.5K	06/21	0.53 mi	40b, Earlsthorpe Road, London, Greater London SE26 4PD	£5,958	78	2	Flat
£480K	06/21	0.53 mi	34, Trewsbury Road, London, Greater London SE26 5DN	-	-	2	Flat
£292K	01/24	0.54 mi	101, Meadowview Road, London, Greater London SE6 3NJ	-	-	2	Flat
£250K	01/23	0.54 mi	113, Meadowview Road, London, Greater London SE6 3NJ	£5,000	50	2	Flat
£300K	10/23	0.55 mi	109b, Sydenham Road, London, Greater London SE26 5EZ	-	-	2	Flat
£392.5K	09/23	0.55 mi	10c, Rutland Park, London, Greater London SE6 4LH	£6,767	58	2	Flat
£450K	12/22	0.55 mi	7a, Rutland Park, London, Greater London SE6 4LH	£7,290	62	2	Flat
£265K	12/20	0.57 mi	4, Meadow Close, London, Greater London SE6 3NW	£5,096	52	2	Flat
£252K	09/21	0.57 mi	Flat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ	-	-	2	Flat
£370K	01/24	0.57 mi	18, Meadow Close, London, Greater London SE6 3NW	£5,873	63	2	Flat
£320K	09/23	0.57 mi	14, Meadow Close, London, Greater London SE6 3NW	£6,038	53	2	Flat
£507.5K	12/20	0.57 mi	71b, Woolstone Road, London, Greater London SE23 2TQ	£5,577	91	2	Flat
£445K	03/23	0.58 mi	11b, Queensthorpe Road, London, Greater London SE26 4PJ	£6,953	64	2	Flat
£516K	09/23	0.58 mi	15c, Queensthorpe Road, London, Greater London SE26 4PJ	£7,371	70	2	Flat
£312K	11/20	0.59 mi	97, Swallands Road, London, Greater London SE6 3HG	£5,032	62	2	Flat
£445K	07/23	0.6 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£300K	01/21	0.6 mi	8, Thorpe Close, London, Greater London SE26 4NX	£5,941	51	2	Flat

Local Rents

49 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	11/24	0.08 mi	-	2	Flat
£1,975	08/24	0.12 mi	-	2	Flat
£2,500	10/24	0.16 mi	-	2	Terraced House
£2,500	10/24	0.16 mi	-	2	Terraced House
£2,500	12/24	0.16 mi	-	2	Terraced House
£1,800	04/25	0.16 mi	-	2	Flat
£2,000	08/24	0.18 mi	Champion Crescent London SE26	2	Flat
£1,850	02/24	0.18 mi	-	2	Flat
£2,150	08/24	0.21 mi	Sunnydene Street, Sydenham, London, SE26	2	Flat
£2,000	08/24	0.21 mi	Sunnydene Street, Sydenham, London, SE26	2	House
£1,500	08/24	0.23 mi	Winchfield Road, Sydenham SE26	2	Flat
£1,700	11/24	0.25 mi	-	2	Flat
£1,550	11/24	0.25 mi	-	2	Flat
£1,475	08/24	0.26 mi	-	2	Flat
£1,850	08/24	0.27 mi	-	2	Flat
£2,150	01/25	0.27 mi	-	2	Flat
£1,600	11/24	0.29 mi	-	2	Flat
£1,500	09/24	0.29 mi	Bell Green, Sydenham SE26	2	Flat
£1,750	08/24	0.29 mi	Adamsrill Road, London, SE26	2	Flat
£1,750	08/24	0.29 mi	Adamsrill Road London SE26	2	Flat
£1,800	08/24	0.29 mi	Adamsrill Road, Forest Hill, London, SE26	2	Flat
£1,700	04/25	0.31 mi	-	2	Flat
£1,695	04/25	0.33 mi	-	2	Flat
£1,750	08/24	0.34 mi	Hazel Grove, London, SE26	2	Flat
£1,750	08/24	0.34 mi	Hazel Grove, Sydenham, SE26	2	Flat
£1,575	08/24	0.34 mi	-	2	Flat
£1,575	01/25	0.34 mi	-	2	Flat
£1,733	12/24	0.34 mi	-	2	Flat
£1,600	08/24	0.34 mi	Worsley Bridge Road, Sydenham, SE26	2	Flat
£1,500	08/24	0.36 mi	Sydenham Road London SE26	2	Flat
£2,050	10/24	0.38 mi	-	2	Flat
£2,050	08/24	0.38 mi	Purbeck Gardens, London, SE26	2	Flat
£2,250	08/24	0.39 mi	Purbeck Gardens London SE26	2	Flat
£1,800	08/24	0.39 mi	-	2	Flat
£2,200	08/24	0.4 mi	Purbeck Gardens, Lower Sydenham, London, SE26	2	Flat
£2,200	08/24	0.4 mi	Purbeck Gardens, London, SE26	2	Flat
£2,200	08/24	0.4 mi	Purbeck Gardens, London, SE26	2	Flat
£2,200	08/24	0.4 mi	Purbeck Gardens, London, SE26	2	Flat
£2,200	08/24	0.4 mi	Purbeck Gardens, London, SE26	2	Flat
£1,650	08/24	0.4 mi	Meadowview Road, Catford	2	Flat
£2,250	01/25	0.4 mi	-	2	Flat
£1,698	08/24	0.4 mi	Knighton Park Road London SE26	2	Flat
£1,800	08/24	0.41 mi	Mayow Road, Sydenham, SE26	2	Flat
£1,750	11/24	0.43 mi	-	2	Flat
£1,800	08/24	0.43 mi	Trewsbury Road, Sydenham SE26	2	Flat
£1,800	08/24	0.43 mi	Trewsbury Road Sydenham SE26	2	Flat
£1,995	08/24	0.43 mi	-	2	Flat
£2,200	08/24	0.44 mi	Houston Road, London, SE23	2	Flat
£1,600	11/24	0.47 mi	-	2	Flat

Local Area Statistics

Population in SE26	28,45528,455
Population in London	4,771,9214,771,921
Town centre distance	7.47 miles away7.47 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £375,000

February 21, 2025

Floor Plans

Description

Chain free +
EPC rating B +
Approx 120 years left on lease +
Service charge £1900PA & Ground rent £350PA +
Approx 4 years left of new build warranty +
Excellently located just a short walk to Sydenham & Lower Sydenham Train Stations +
South facing Juliet balcony to living room +
Allocated parking space via secure gated entry +

GUIDE PRICE £375,000 to £400,000 The Address is delighted to offer this two bedroom second floor flat in the heart of the vibrant Sydenham. Offered to the market chain free the property also benefits from approx 4 years of new build warranty. The property features a large L shape open plan kitchen, dining, living space with a south facing Juliet balcony. The kitchen, features sleek handless grey gloss units and also integrated appliances. Both bedrooms are good sized doubles and also boast their own Juliet balconies. The bathroom is fully tiled with a large bath, glass shower screen and rain head shower, low level WC and handbasin with vanity unit. The property is excellently located, just a short walk to Sydenham High Street, Bell Green Saver Centre, Sydenham and Lower Sydenham Train Stations. This makes the property excellent for young professionals or investors as the property does also benefits from an EPC B rating. Internal viewing highly recommended.

EPC Rating: B

Agent Details

The Address, Beckenham

020 3907 2966

Next Steps?

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

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