3 Bed Flat, Single Let, London, SE14 6QL, £325,000

Florence Road, New Cross, London, SE14 6QL - 1 views - 2 months ago

Sold STC

BTL

ROI: 7%

~93 m²

+3 photos

ValuationUndervalued

Sold Prices	£292.5K - £710K
Sold Prices/m²	£4.1K/m² - £8.1K/m²

Square Metres	~93 m²
Price/m²	£3.5K/m²
Value Estimate	£393,250£393,250
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£102,450£102,450

Cash Out
Rent Range	£1,800 - £4,745£1,800 - £4,745
Rent Estimate	£2,025
Running Costs/mo	£1,441£1,441
Cashflow/mo	£584£584
Cashflow/yr	£7,013£7,013
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

42 sold prices from £292.5K to £710K, average is £478.8K. £4.1K/m² to £8.1K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£361K	04/21	0.17 mi	Flat 15, Foster House, St Donatts Road, London, Greater London SE14 6NX	-	-	3	Flat
£500K	03/21	0.22 mi	39, Rokeby Road, London, Greater London SE4 1DE	£6,329	79	3	Flat
£620K	04/21	0.29 mi	23b, Manor Avenue, London, Greater London SE4 1PE	£5,849	106	3	Flat
£570K	04/21	0.4 mi	173b, Shardeloes Road, London, Greater London SE14 6RT	-	-	3	Flat
£385K	06/21	0.43 mi	20, Payne Street, London, Greater London SE8 4LP	-	-	3	Flat
£421K	07/21	0.44 mi	83, Edward Street, London, Greater London SE8 5HB	£5,785	73	3	Flat
£592K	09/21	0.44 mi	21, Greenwich High Road, London, Greater London SE10 8JL	-	-	3	Flat
£370K	12/20	0.47 mi	Flat 5, Jerningham Court, Ommaney Road, New Cross, London, Greater London SE14 5NU	-	-	3	Flat
£438K	02/23	0.49 mi	Flat 7, Harney Court, Ommaney Road, New Cross, London, Greater London SE14 5NR	-	-	3	Flat
£375K	06/21	0.5 mi	Flat 26, Holden House, Deptford Church Street, London, Greater London SE8 4SQ	-	-	3	Flat
£580K	10/21	0.5 mi	239b, Malpas Road, London, Greater London SE4 1BH	£7,632	76	3	Flat
£405K	10/20	0.55 mi	Flat 2, Finch House, Bronze Street, London, Greater London SE8 3DU	-	-	3	Flat
£605K	10/21	0.55 mi	68c, Ommaney Road, London, Greater London SE14 5NT	£6,954	87	3	Flat
£526.5K	01/23	0.56 mi	Flat 18, Fairlawn Mansions, New Cross Road, London, Greater London SE14 5PH	-	-	3	Flat
£656K	02/21	0.56 mi	15c, Tressillian Road, London, Greater London SE4 1YG	£6,358	103	3	Flat
£688.5K	03/23	0.56 mi	15c, Tressillian Road, London, Greater London SE4 1YG	£6,673	103	3	Flat
£625K	04/23	0.58 mi	11a, Tyrwhitt Road, London, Greater London SE4 1QD	-	-	3	Flat
£440K	02/21	0.63 mi	51, Pepys Road, London, Greater London SE14 5SA	-	-	3	Flat
£353K	06/21	0.63 mi	108, Coldbath Street, London, Greater London SE13 7RL	-	-	3	Flat
£310K	06/21	0.63 mi	Flat 3, Kittiwake Court, Abinger Grove, London, Greater London SE8 5SW	-	-	3	Flat
£527K	06/21	0.64 mi	237, New Cross Road, London, Greater London SE14 5UH	-	-	3	Flat
£397K	09/21	0.65 mi	7, Cottesbrook Street, London, Greater London SE14 6HG	£4,783	83	3	Flat
£398.8K	12/22	0.65 mi	Flat 2, Gilbert House, Mcmillan Street, London, Greater London SE8 3DJ	-	-	3	Flat
£292.5K	06/21	0.69 mi	Flat 10, Meader Court, Robert Lowe Close, London, Greater London SE14 5PZ	-	-	3	Flat
£525K	11/20	0.71 mi	71b, Halesworth Road, London, Greater London SE13 7TJ	£6,646	79	3	Flat
£650K	12/21	0.71 mi	Apartment 9, Meridian Point, Creek Road, London, Greater London SE8 3DB	-	-	3	Flat
£660K	03/21	0.72 mi	69b, Tressillian Road, London, Greater London SE4 1YA	£6,168	107	3	Flat
£694K	06/21	0.73 mi	28b, Erlanger Road, London, Greater London SE14 5TG	£7,010	99	3	Flat
£467.5K	04/21	0.74 mi	9b, Overcliff Road, London, Greater London SE13 7UB	-	-	3	Flat
£490K	01/23	0.78 mi	10, Blissett Street, London, Greater London SE10 8UP	£5,568	88	3	Flat
£360K	02/21	0.8 mi	Flat 23, Haddo House, Haddo Street, London, Greater London SE10 9SG	-	-	3	Flat
£365K	09/23	0.8 mi	Flat 95, Haddo House, Haddo Street, London, Greater London SE10 9SE	-	-	3	Flat
£415K	11/20	0.82 mi	Flat 11, Rickman House, Grove Street, London, Greater London SE8 5RB	-	-	3	Flat
£346K	10/23	0.86 mi	190, Lewisham Road, London, Greater London SE13 7LE	£4,071	85	3	Flat
£530K	02/21	0.87 mi	50b, Bousfield Road, London, Greater London SE14 5TR	-	-	3	Flat
£370K	06/21	0.88 mi	Flat 13, Mcmillan House, Arica Road, London, Greater London SE4 2PU	-	-	3	Flat
£650K	06/21	0.89 mi	29, Chalsey Road, London, Greater London SE4 1YN	£8,084	80	3	Flat
£537K	02/21	0.89 mi	210a, Tressillian Road, London, Greater London SE4 1XY	£7,066	76	3	Flat
£337.5K	04/21	0.9 mi	Flat 54, Edmond Court, Dennetts Road, London, Greater London SE14 5LQ	-	-	3	Flat
£710K	09/23	0.94 mi	Flat 5, Swanne House, Gloucester Circus, London, Greater London SE10 8RU	-	-	3	Flat
£650K	05/21	0.96 mi	48c, Lausanne Road, London, Greater London SE15 2JB	-	-	3	Flat
£399.9K	12/20	0.97 mi	Flat 1, Burnett House, Lewisham Hill, London, Greater London SE13 7PD	-	-	3	Flat

Local Rents

49 rents from £1.8K/mo to £4.7K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,685	09/24	0.09 mi	-	3	Flat
£2,685	08/24	0.09 mi	Lewisham Way, Lewisham, SE14	3	Flat
£2,600	01/25	0.11 mi	-	3	Flat
£2,450	02/25	0.11 mi	-	3	Flat
£2,600	02/25	0.11 mi	-	3	Terraced House
£2,600	03/25	0.11 mi	-	3	Terraced House
£2,450	02/25	0.11 mi	-	3	Flat
£2,350	03/25	0.11 mi	-	3	Flat
£2,350	03/25	0.11 mi	-	3	Flat
£3,100	11/24	0.11 mi	-	3	Flat
£2,050	08/24	0.11 mi	Tanners Hill, London, SE8	3	Flat
£2,800	01/25	0.12 mi	-	3	Terraced House
£2,500	08/24	0.13 mi	Childeric Road, London, London	3	Flat
£2,396	11/23	0.13 mi	Tanners Hill, London, SE8	3	Flat
£2,300	08/24	0.13 mi	Amersham Road London SE14	3	Flat
£2,300	08/24	0.13 mi	Amersham Road, SE14	3	Flat
£2,400	09/24	0.13 mi	Tanners Hill, London, SE8 4PZ	3	Flat
£2,500	08/24	0.13 mi	2 Amersham Road, Lewisham, London, SE14	3	Flat
£2,800	12/24	0.14 mi	-	3	Terraced House
£3,000	08/24	0.14 mi	New Cross Road, London, SE14	3	Flat
£2,850	08/24	0.14 mi	New Cross Road, London, SE14	3	Flat
£2,997	08/24	0.15 mi	New Cross Road, London, SE14	3	Flat
£3,255	08/24	0.15 mi	-	3	Flat
£2,500	08/24	0.15 mi	Tanners Mews, Deptford, London, SE8	3	Detached House
£3,200	08/24	0.15 mi	Malpas Road, London, SE4	3	Flat
£3,250	08/24	0.15 mi	Malpas Road, London, SE4	3	Terraced House
£2,300	08/24	0.16 mi	-	3	Flat
£1,850	12/24	0.16 mi	-	3	Flat
£3,000	09/24	0.16 mi	-	3	Flat
£3,000	08/24	0.16 mi	Garden Amersham Road, London, SE14	3	Flat
£2,750	08/24	0.17 mi	Shardeloes Road, New Cross	3	Terraced House
£2,730	11/23	0.17 mi	New Cross Road, SE14	3	Flat
£2,420	08/24	0.17 mi	New Cross Road, SE14	3	Flat
£2,095	08/24	0.17 mi	New Cross Road, London, SE14	3	Flat
£3,000	08/24	0.19 mi	Watsons Street, Deptford, London, SE8	3	Terraced House
£1,800	08/24	0.19 mi	New Cross Road, New Cross, London, SE14	3	Flat
£2,750	04/25	0.21 mi	-	3	Terraced House
£2,295	08/24	0.22 mi	St. Donatts Road, New Cross, SE14	3	Flat
£2,700	08/24	0.22 mi	St. Donatts Road, New Cross, SE14	3	Flat
£2,500	08/24	0.23 mi	Shardeloes Road, New Cross, SE14	3	Flat
£2,100	08/24	0.23 mi	Deptford Broadway, London, SE8	3	Flat
£3,300	08/24	0.29 mi	Seager Place	3	Flat
£4,745	08/24	0.29 mi	Seager Place	3	Flat
£2,750	08/24	0.29 mi	The Granary, Comet Place, Deptford, SE8	3	Flat
£3,300	10/24	0.3 mi	-	3	Terraced House
£3,000	10/24	0.3 mi	-	3	Terraced House
£3,300	08/24	0.3 mi	Laurie Grove, London, SE14	3	Terraced House
£3,650	08/24	0.3 mi	Laurie Grove, London, SE14	3	Terraced House
£2,500	08/24	0.3 mi	Vaughan Williams Close, Deptford, London, SE8	3	Terraced House

Local Area Statistics

Population in SE14	24,78124,781
Population in London	4,771,9214,771,921
Town centre distance	4.98 miles away4.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £325,000

February 24, 2025

Floor Plans

Description

Three bedrooms +
Offered chain free +
Share of freehold +
Modern bathroom suite +
Bright kitchen/ reception room +
Close to excellent transport links +
Abundance of local amenities nearby +
Large sash windows +

A fantastic three bedroom apartment for sale on the popular Florence Road. Offered chain free.

This period conversion is set on the first floor. It offers 520 sq ft and comprises a bright kitchen/ reception room, a modern bathroom suite and three bedrooms.

Further benefits include a share of freehold, an abundance of natural light, large sash windows, high ceilings and so much more.

This property is situated approximately just 0.3 miles to New Cross station, and with Brockley, St John's and New Cross Gate stations within 0.7 miles, there are excellent transport links into London Bridge, Highbury & Islington and many other locations.

It is also just a short walk to various local amenities including a variety of restaurants, coffee shops, cafes, gastro pubs and parks.

Viewings are highly recommended, call the Pedder Brockley sales team to arrange a viewing today.

Agent Details

Pedder, Brockley

020 3909 6490

Next Steps?

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

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