2 Bed Flat, Single Let, London, SE22 0QZ £475,000

Underhill Road, East Dulwich, SE22 0QZ - 9 months ago

BTL

~67 m²

ValuationUndervalued

Sold Prices	£255K - £1.8M
Sold Prices/m²	£4.6K/m² - £12.1K/m²

Square Metres	~66.90 m²
Price/m²	£7.1K/m²
Value Estimate	£487,063£487,063
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£157,450£157,450

Cash Out
Rent Range	£1,700 - £2,800£1,700 - £2,800
Rent Estimate	£1,750
Running Costs/mo	£1,854£1,854
Cashflow/mo	£-104£-104
Cashflow/yr	£-1,252£-1,252
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £255K to £1.8M, average is £485K. £4.6K/m² to £12.1K/m², average is £6.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.8M	07/24	0.03 mi	45, Underhill Road, London SE22 0QZ	£8,326	221	2	Flat
£366K	03/25	0.19 mi	Campbell Court, Flat 56, Lordship Lane, London SE22 8NX	£5,229	70	2	Flat
£337K	07/21	0.23 mi	Flat 9, Sherwood Court, Highwood Close, London, Greater London SE22 8NL	-	-	2	Flat
£335K	07/25	0.24 mi	2, Mercia Court, Highwood Close, London SE22 8NN	-	-	2	Flat
£485K	02/25	0.27 mi	218, Flat 1, Dunstans Road, London SE22 0ES	£12,125	40	2	Flat
£585K	07/21	0.31 mi	6, Overhill Road, London, Greater London SE22 0PH	£7,500	78	2	Flat
£315K	09/21	0.33 mi	24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS	-	-	2	Flat
£350K	02/25	0.34 mi	Ashton Heights, 4, Horniman Drive, London SE23 3BS	£5,932	59	2	Flat
£540K	09/21	0.34 mi	108, Goodrich Road, London, Greater London SE22 0ER	-	-	2	Flat
£330K	03/25	0.35 mi	21, Ashton Heights, Horniman Drive, London SE23 3BS	£6,000	55	2	Flat
£325K	06/21	0.36 mi	Flat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP	-	-	2	Flat
£340K	07/23	0.39 mi	184, Wood Vale, London, Greater London SE23 3EA	£5,075	67	2	Flat
£540K	08/25	0.39 mi	135, Dunstans Road, London SE22 0HD	-	-	2	Flat
£255K	01/25	0.4 mi	70a Honors Heights, Honor Oak Road, London SE23 3RR	£4,607	55	2	Flat
£540K	05/23	0.41 mi	Lower Flat, 112, Dunstans Road, London, Greater London SE22 0HE	-	-	2	Flat
£375K	05/25	0.42 mi	151, Eliot Bank, London SE23 3XB	£6,466	58	2	Flat
£645K	06/21	0.42 mi	218, Friern Road, London, Greater London SE22 0BB	-	-	2	Flat
£635K	01/25	0.42 mi	99, Dunstans Road, London SE22 0HD	£9,203	69	2	Flat
£575K	07/25	0.42 mi	Ground Floor Flat, 189, Friern Road, London SE22 0BD	-	-	2	Flat
£620K	03/25	0.46 mi	19, Crebor Street, London SE22 0HF	£9,538	65	2	Flat
£500K	01/23	0.47 mi	Flat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH	-	-	2	Flat
£395K	12/24	0.48 mi	The Manor, 15, Manor Way, Forest Hill, London SE23 3AT	£5,985	66	2	Flat
£485K	02/23	0.48 mi	Ground Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL	-	-	2	Flat
£625K	01/25	0.5 mi	199, Flat B, Barry Road, London SE22 0JU	£10,417	60	2	Flat
£350K	01/25	0.52 mi	7, Flat 1, Taymount Rise, London SE23 3UG	£7,609	46	2	Flat
£435K	03/25	0.52 mi	Flat 2, 7, Taymount Rise, London SE23 3UG	£7,909	55	2	Flat
£293K	06/21	0.53 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£417.5K	03/25	0.54 mi	1, Sedley Court, Sydenham Hill, London SE26 6LX	£6,423	65	2	Flat
£825K	04/25	0.54 mi	162a, Friern Road, London SE22 0BA	-	-	2	Flat
£650K	07/25	0.54 mi	Flat 3, 162b, Underhill Road, London SE22 0QH	-	-	2	Flat
£450K	03/25	0.55 mi	Flat 1, 4, Marmora Road, London SE22 0RX	£5,000	90	2	Flat
£450K	03/25	0.55 mi	Flat 1, 4, Marmora Road, London SE22 0RX	£5,000	90	2	Flat
£540K	05/23	0.55 mi	84b, Forest Hill Road, London, Greater London SE22 0RS	£7,826	69	2	Flat
£490K	03/23	0.55 mi	114a, Forest Hill Road, London, Greater London SE22 0RS	£6,956	70	2	Flat
£623K	03/25	0.57 mi	41 Summerhill, Flat 1, London Road, London SE23 3TY	£9,162	68	2	Flat
£387K	03/23	0.57 mi	326b - 326c, Crystal Palace Road, London, Greater London SE22 9JJ	-	-	2	Flat
£515K	02/23	0.57 mi	146b, Landcroft Road, East Dulwich, London, Greater London SE22 9JW	£8,047	64	2	Flat
£407.5K	06/21	0.57 mi	Flat 48, Mundania Court, Forest Hill Road, London, Greater London SE22 0NQ	-	-	2	Flat
£473K	08/23	0.58 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£550K	06/23	0.58 mi	273b, Underhill Road, London, Greater London SE22 0PA	-	-	2	Flat
£485K	12/24	0.58 mi	Quarry Court, Flat 2, Dunstans Road, London SE22 0HN	£7,132	68	2	Flat
£392K	03/25	0.59 mi	Flat 3, 2, Benson Road, London SE23 3RJ	£6,759	58	2	Flat
£427.5K	08/21	0.6 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£610K	09/21	0.6 mi	259, Crystal Palace Road, London, Greater London SE22 9JH	-	-	2	Flat
£505K	06/21	0.6 mi	278c, Crystal Palace Road, London, Greater London SE22 9JH	-	-	2	Flat
£600K	09/21	0.6 mi	29b, Marmora Road, London, Greater London SE22 0RX	-	-	2	Flat
£680K	08/21	0.61 mi	36, Thompson Road, London, Greater London SE22 9JR	-	-	2	Flat
£642K	06/21	0.61 mi	134a, Friern Road, London, Greater London SE22 0AY	-	-	2	Flat
£410K	06/21	0.61 mi	34, Therapia Road, London, Greater London SE22 0SE	£5,000	82	2	Flat
£325K	04/25	0.62 mi	20, Windley Close, London SE23 3YQ	£5,159	63	2	Flat

Local Rents

50 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	08/24	0.05 mi	Underhill Road Dulwich SE22	2	Flat
£2,000	10/25	0.05 mi	Underhill Road, London, SE22	2	Flat
£2,200	09/25	0.05 mi	Melford Road, East Dulwich	2	Flat
£2,300	08/24	0.05 mi	-	2	House
£1,800	06/25	0.06 mi	Underhill Road, London, SE22	2	Flat
£1,900	11/25	0.07 mi	-	2	Flat
£2,500	10/25	0.08 mi	Underhill Road Dulwich SE22	2	Flat
£2,500	08/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£2,750	06/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£2,650	07/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£2,650	10/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£2,750	08/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£2,500	10/25	0.08 mi	Underhill Road, London, SE22	2	Flat
£1,900	05/25	0.08 mi	Belvoir Road, East Dulwich, London, SE22	2	Flat
£2,100	08/24	0.08 mi	Underhill Road East Dulwich SE22	2	Flat
£2,000	08/25	0.09 mi	-	2	Flat
£2,000	08/25	0.09 mi	Ridge Court, Southwark, London, SE22	2	Flat
£2,000	09/25	0.1 mi	London, Greater London, SE22	2	Flat
£1,700	08/24	0.1 mi	Streamline Mews, East Dulwich, SE22	2	Flat
£2,250	09/24	0.1 mi	Lordship Lane, East Dulwich, London, SE22	2	Flat
£2,000	10/25	0.1 mi	Underhill Road, London, SE22	2	Flat
£2,800	08/24	0.11 mi	-	2	Flat
£2,700	05/25	0.11 mi	-	2	Detached House
£2,800	08/24	0.11 mi	Lordship Lane, London, SE22	2	Detached House
£2,000	06/25	0.11 mi	Lordship Lane, London, SE22	2	Flat
£2,250	08/24	0.11 mi	Lordship Lane, East Dulwich, London, SE22	2	Flat
£2,250	06/25	0.11 mi	Lordship Lane ,East Dulwich, London, SE22	2	Flat
£1,850	02/25	0.12 mi	-	2	Flat
£2,100	08/24	0.12 mi	Wood Vale London SE23	2	Flat
£2,100	08/24	0.12 mi	Wood Vale Dulwich SE23	2	Flat
£1,950	08/24	0.12 mi	59 Wood Vale, London, SE23	2	Flat
£1,800	09/25	0.14 mi	Lordship Lane, London	2	Flat
£2,200	08/24	0.14 mi	Lordship Lane, London, SE22	2	Flat
£2,250	10/25	0.14 mi	Lordship Lane, London, SE22	2	Flat
£2,200	09/24	0.14 mi	-	2	Flat
£2,250	11/25	0.14 mi	-	2	Flat
£1,950	08/24	0.15 mi	Wood Vale, Forest Hill, London, SE23	2	Flat
£2,000	09/25	0.15 mi	Wood Vale, Forest Hill, London, SE23	2	Flat
£2,100	08/24	0.15 mi	Wood Vale London SE23	2	Flat
£2,000	06/25	0.16 mi	Gloucester Court, Dulwich, London, SE22	2	Flat
£1,750	08/24	0.16 mi	Dukes Court, Lordship Lane, SE22	2	Flat
£1,800	09/24	0.18 mi	-	2	Flat
£1,800	08/25	0.18 mi	Lordship Lane, East Dulwich, London, SE22	2	Flat
£2,200	07/25	0.18 mi	Lordship Lane, Dulwich, London, SE22	2	Flat
£1,900	07/25	0.19 mi	-	2	Flat
£2,200	11/25	0.2 mi	-	2	Flat
£1,750	11/25	0.2 mi	Overhill Road London SE22	2	Flat
£2,600	10/23	0.21 mi	Savernake Court, Highwood Close, London, SE22	2	Flat
£1,800	09/24	0.21 mi	-	2	Flat
£1,950	10/25	0.21 mi	-	2	Flat

Local Area Statistics

Population in SE22	29,68729,687
Population in London	4,771,9214,771,921
Town centre distance	6.01 miles away6.01 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.67 miles away0.67 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-10%-10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £475,000

February 24, 2025

Floor Plans

Description

Private Entrance +
Two Bedrooms +
Private Garden +
Good Decorative Order +
No Onward Chain +
Share Of Freehold +

Forming part of an imposing Victorian house, this lower ground floor flat offers a modern kitchen, two bedrooms served by a family bathroom/wc and a large extended reception room providing a fantastic living entertaining area leading out to a well cared for private garden. Sold with share of freehold.

Underhill Road is perfectly placed for the open spaces of both Dulwich Park and Horniman Gardens. Forest Hill offers a good selection of local shops and amenities, with excellent rail links from Forest Hill (mainline) close by serving the City.

Tenure: Share Of Freehold Lease Years Remaining: 987
Service Charge: £0
Annual Ground Rent: £0
Council Tax Band: D

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, East Dulwich

020 8742 4142

Next Steps?

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