2 Bed Flat, Single Let, London, SE17 2TN, £225,000

Woodsford, Portland Street, London, SE17 2TN - 2 months ago

Leasehold

Auction

BTL

ROI: 14%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£190K - £650K
Sold Prices/m²	£5.6K/m² - £10K/m²

Square Metres	~68.11 m²
Price/m²	£3.3K/m²
Value Estimate	£281,250£281,250
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£12,450£12,450
Total Cash In	£68,700£68,700

Cash Out
Rent Range	£1,798 - £3,500£1,798 - £3,500
Rent Estimate	£1,880
Running Costs/mo	£1,099£1,099
Cashflow/mo	£781£781
Cashflow/yr	£9,371£9,371
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £190K to £650K, average is £420K. £5.6K/m² to £10K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	01/23	0.07 mi	166a, Trafalgar Street, London, Greater London SE17 2TP	£7,203	59	2	Flat
£475K	10/21	0.12 mi	66, Wooler Street, London, Greater London SE17 2EF	£8,636	55	2	Flat
£335K	02/23	0.15 mi	26, Pilton Place, London, Greater London SE17 1DN	£5,877	57	2	Flat
£500K	01/21	0.17 mi	Flat 4, Spectrum Place, Lytham Street, London, Greater London SE17 2GP	-	-	2	Flat
£330K	03/23	0.18 mi	Flat 17, St. Johns House, Lytham Street, London, Greater London SE17 2PW	-	-	2	Flat
£325K	06/21	0.2 mi	Flat 79, Dawes House, Orb Street, London, Greater London SE17 1RD	-	-	2	Flat
£360K	06/21	0.2 mi	Flat 57, Dawes House, Orb Street, London, Greater London SE17 1RD	-	-	2	Flat
£362K	12/20	0.2 mi	Flat 25, Dawes House, Orb Street, London, Greater London SE17 1RE	-	-	2	Flat
£325K	12/20	0.2 mi	Flat 44, St. Peters House, Queens Row, London, Greater London SE17 2PU	-	-	2	Flat
£640K	06/21	0.21 mi	9, Portland Street, London, Greater London SE17 2PF	£10,002	64	2	Flat
£330K	09/23	0.28 mi	81, Rodney Road, London, Greater London SE17 1RF	£6,346	52	2	Flat
£430K	02/21	0.31 mi	1, Salisbury Close, London, Greater London SE17 1BY	£6,719	64	2	Flat
£382K	07/23	0.31 mi	Flat 2, Penrose House, Penrose Street, London, Greater London SE17 3DU	-	-	2	Flat
£365K	03/23	0.32 mi	Flat 23, Knight House, Huntsman Street, London, Greater London SE17 1QN	-	-	2	Flat
£512K	04/23	0.35 mi	11, Borrett Close, London, Greater London SE17 3JF	£5,689	90	2	Flat
£426K	10/21	0.36 mi	29, Langdale Close, London, Greater London SE17 3UF	£7,607	56	2	Flat
£370K	02/21	0.36 mi	34, Langdale Close, London, Greater London SE17 3UF	£6,727	55	2	Flat
£470K	11/20	0.38 mi	139d, Chatham Street, London, Greater London SE17 1PA	£7,220	65	2	Flat
£588.2K	12/20	0.4 mi	55, Carter Street, London, Greater London SE17 3EN	£9,337	63	2	Flat
£425K	08/23	0.4 mi	Flat 19, Eglington Court, Lorrimore Road, London, Greater London SE17 3LY	-	-	2	Flat
£387.5K	07/21	0.4 mi	Flat 18, Pascall House, Draco Street, London, Greater London SE17 3HP	-	-	2	Flat
£450K	07/23	0.43 mi	28a, Berryfield Road, London, Greater London SE17 3QE	-	-	2	Flat
£350K	03/21	0.44 mi	203, Olney Road, London, Greater London SE17 3HT	£5,645	62	2	Flat
£500K	06/21	0.45 mi	16b, Urlwin Street, London, Greater London SE5 0NF	£7,250	69	2	Flat
£395K	05/21	0.47 mi	34, Marlborough Close, London, Greater London SE17 3AP	£6,930	57	2	Flat
£440K	02/23	0.47 mi	Flat 12, Suffield House, Alberta Estate, London, Greater London SE17 3QB	-	-	2	Flat
£475K	11/20	0.48 mi	86c, Grosvenor Terrace, London, Greater London SE5 0NW	£6,884	69	2	Flat
£390K	04/23	0.53 mi	15c, Southampton Way, London, Greater London SE5 7SW	£6,393	61	2	Flat
£362K	02/23	0.53 mi	Flat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL	-	-	2	Flat
£375K	11/20	0.54 mi	23, Winchester Close, London, Greater London SE17 3DQ	£6,579	57	2	Flat
£414.5K	02/21	0.54 mi	47, Winchester Close, London, Greater London SE17 3DQ	£7,147	58	2	Flat
£390K	01/21	0.54 mi	77, Winchester Close, London, Greater London SE17 3DQ	£6,724	58	2	Flat
£597K	12/20	0.55 mi	1b, Grosvenor Park, London, Greater London SE5 0NQ	£9,950	60	2	Flat
£585K	06/21	0.56 mi	4, Ambergate Street, London, Greater London SE17 3RX	-	-	2	Flat
£540K	11/20	0.56 mi	38, Fleming Road, London, Greater London SE17 3QR	£6,585	82	2	Flat
£355K	11/20	0.58 mi	Flat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN	-	-	2	Flat
£420K	06/23	0.58 mi	Flat 135, Edmund House, Doddington Grove, London, Greater London SE17 3TA	-	-	2	Flat
£650K	07/23	0.58 mi	128a, Grosvenor Terrace, London, Greater London SE5 0NL	£7,843	83	2	Flat
£190K	12/20	0.59 mi	Flat 66, Masterman House, Elmington Estate, London, Greater London SE5 7HX	-	-	2	Flat
£617.5K	11/20	0.6 mi	115b, Grosvenor Park, London, Greater London SE5 0NJ	£8,125	76	2	Flat
£624K	03/21	0.6 mi	115a, Grosvenor Park, London, Greater London SE5 0NJ	£9,905	63	2	Flat
£390K	09/21	0.61 mi	Flat 269, Irving House, Doddington Grove, London, Greater London SE17 3TS	-	-	2	Flat
£470K	06/21	0.63 mi	12, Prioress Street, London, Greater London SE1 4TE	-	-	2	Flat
£570K	08/23	0.63 mi	29, Potier Street, London, Greater London SE1 4UX	£7,500	76	2	Flat
£465K	06/21	0.63 mi	149, Hillingdon Street, London, Greater London SE17 3JH	£5,649	82	2	Flat
£420K	10/21	0.63 mi	Flat 54, Pilgrim House, Tabard Street, London, Greater London SE1 4UP	-	-	2	Flat
£415K	05/21	0.64 mi	Flat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ	-	-	2	Flat
£355K	06/21	0.66 mi	143f, Cooks Road, London, Greater London SE17 3NS	£6,339	56	2	Flat
£450K	12/20	0.66 mi	5, Dante Road, London, Greater London SE11 4RB	£5,921	76	2	Flat
£285K	09/21	0.67 mi	Flat 14, Brawne House, Brandon Estate, London, Greater London SE17 3PJ	-	-	2	Flat

Local Rents

50 rents from £1.8K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	01/25	0.04 mi	-	2	Flat
£2,200	09/24	0.04 mi	Portland Street, SE17, Elephant and Castle, London, SE17	2	Flat
£2,000	09/24	0.05 mi	-	2	Flat
£3,097	08/24	0.06 mi	Park Central East	2	Flat
£3,120	08/24	0.06 mi	Park Central East	2	Flat
£2,000	09/24	0.07 mi	Trafalgar Street, Elephant and Castle, SE17	2	Flat
£1,900	12/24	0.08 mi	-	2	Flat
£1,950	03/25	0.09 mi	-	2	Flat
£2,250	08/24	0.09 mi	15, Burton Grove, London	2	Flat
£2,490	04/25	0.09 mi	-	2	Terraced House
£1,898	08/24	0.09 mi	Wooler Street, SE17	2	Flat
£2,150	08/24	0.09 mi	Saltwood Grove, London	2	Flat
£2,000	08/24	0.11 mi	Merrow Street, London, SE17 2NW	2	Flat
£2,080	08/24	0.12 mi	-	2	Terraced House
£2,600	10/24	0.12 mi	-	2	Flat
£3,500	03/25	0.12 mi	-	2	Flat
£2,650	03/25	0.12 mi	-	2	Flat
£2,080	03/25	0.12 mi	-	2	Flat
£1,950	08/24	0.13 mi	Pilton Place, London, SE17 1DP	2	Flat
£1,800	08/24	0.13 mi	Aylesbury Road, SE17	2	Flat
£2,500	11/24	0.14 mi	-	2	Terraced House
£2,400	01/25	0.14 mi	-	2	Terraced House
£2,200	08/24	0.14 mi	Morecambe Street, Elephant and Castle, London, SE17	2	Flat
£2,200	08/24	0.14 mi	Dawes Street Walworth SE17	2	Flat
£2,250	03/25	0.16 mi	-	2	Flat
£2,150	04/25	0.17 mi	-	2	Flat
£1,850	08/24	0.18 mi	Queens Row, London, SE17	2	Flat
£2,750	08/24	0.19 mi	5 Waleorde Road, London, SE17	2	Flat
£2,999	08/24	0.19 mi	Waleorde Road, SE17	2	Flat
£2,999	08/24	0.19 mi	Waleorde Road, SE17	2	Flat
£2,450	04/25	0.2 mi	-	2	Flat
£1,798	08/24	0.2 mi	Orb Street, London, SE17	2	Flat
£2,350	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,700	08/24	0.2 mi	111 Dawes Street, London, SE17	2	Flat
£2,300	08/24	0.2 mi	111 Dawes Street, London, SE17	2	Flat
£2,450	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,450	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,400	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,475	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,975	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,650	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,450	08/24	0.2 mi	64 Thurlow Street, London, SE17	2	Flat
£2,100	08/24	0.2 mi	Cotham Street SE17	2	Flat
£2,799	08/24	0.21 mi	Waleorde Road, Walworth	2	Flat
£3,000	08/24	0.21 mi	Waleorde Road, Elephant and Castle, London, SE17	2	Flat
£1,943	01/25	0.21 mi	-	2	Flat
£1,943	12/24	0.21 mi	-	2	Flat
£2,095	09/24	0.21 mi	-	2	Flat
£1,960	01/25	0.21 mi	-	2	Flat
£2,095	08/24	0.21 mi	East Street, London, SE17	2	Flat

Local Area Statistics

Population in SE17	31,52231,522
Population in London	4,771,9214,771,921
Town centre distance	2.86 miles away2.86 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £225,000

February 25, 2025

Description

This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than two working days from the bidding closing time +
This listing is provided in association with Foxtons, London's leading estate agent. +
Wonderful two bedroom flat set on the first floor +
Large reception room +
Separate kitchen +
Two double bedrooms +
Bathroom with separate WC +
Gross internal floor area is approximately 693 Sq Ft (64.38 Sq M) +
Online Auction on Thursday, 20 March 2025 +

Set on the first floor, this two bedroom flat boasts spacious interiors including a large reception room, a separate kitchen and a balcony overlooking the park. Additional Comments BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons. Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams. Subject to confirmation This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of you and the vendor.

Location:
The property is ideally located just moments from the amenities along Walworth Road boasting wonderful shops, bars and restaurants.

Accomodation:
First floor: reception room, kitchen, two bedrooms, bathroom, WC, balcony.

Online Auction on Thursday, 20 March 2025. For further information, such as legal documents and property information, please visit bidx1.com.

Agent Details

BidX1, London

020 3910 6202

Next Steps?

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

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