2 Bed Terraced House, Single Let, London, SE13 6TJ, £270,000

hither green lane, london, london, SE13 6TJ - 1 views - 2 months ago

Leasehold
Auction
BTL
ROI: 6%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£350K - £742K
Sold Prices/m²£5K/m² - £8.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£332,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£1,500 - £2,450

Rent Estimate

£1,575

Running Costs/mo

£1,179

Cashflow/mo

£396

Cashflow/yr

£4,755

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £350K to £742K, average is £515K. £5K/m² to £8.6K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£385K02/210.18 miFlat 37, Kingswood Court, Hither Green Lane, London, Greater London SE13 6TD2
£640K12/230.19 mi32, Brightside Road, London, Greater London SE13 6EW2
£450K12/200.21 mi42, Lullingstone Lane, London, Greater London SE13 6UH2
£455K02/210.21 mi71, Lullingstone Lane, London, Greater London SE13 6UH2
£438K03/210.21 mi40, Lullingstone Lane, London, Greater London SE13 6UH2
£450K04/210.24 mi76, Stainton Road, London, Greater London SE6 1AR2
£600K12/200.32 mi154, Fernbrook Road, London, Greater London SE13 5NH2
£700K12/210.32 mi74, Fernbrook Road, London, Greater London SE13 5NH2
£449K10/230.33 miLower Maisonette, 268, Leahurst Road, London, Greater London SE13 5LT2
£680K12/230.39 mi72, Longhurst Road, London, Greater London SE13 5LZ2
£652K02/210.4 mi94, Leahurst Road, London, Greater London SE13 5NN2
£575K04/210.4 mi124, Leahurst Road, London, Greater London SE13 5NN2
£670K02/240.4 mi108, Leahurst Road, London, Greater London SE13 5NN2
£450K11/230.42 mi45, Longhurst Road, London, Greater London SE13 5LR2
£640K12/230.42 mi25, Longhurst Road, London, Greater London SE13 5LR2
£475K10/210.42 mi154, George Lane, London, Greater London SE13 6HW2
£380K04/230.43 mi122, Mount Pleasant Road, London, Greater London SE13 6HX2
£432K02/210.45 mi44, Nightingale Grove, London, Greater London SE13 6DY2
£580K05/230.45 mi32, Nightingale Grove, London, Greater London SE13 6DY2
£641K01/210.46 mi67, Manor Lane, London, Greater London SE12 8LS2
£565K12/230.47 mi4, Littlewood, London, Greater London SE13 6SD2
£533K10/200.47 mi1, Littlewood, London, Greater London SE13 6SD2
£597K01/230.47 mi61, Knowles Hill Crescent, London, Greater London SE13 6DT2
£480K10/230.49 mi89, Braidwood Road, London, Greater London SE6 1QY2
£450K01/210.49 mi24, Sandhurst Road, London, Greater London SE6 1XE2
£360.5K10/230.5 mi137a, Wellmeadow Road, Catford, London, Greater London SE6 1HP2
£740K12/200.5 mi109, Leahurst Road, London, Greater London SE13 5HY2
£670K09/210.5 mi101, Leahurst Road, London, Greater London SE13 5HY2
£550.6K06/210.51 mi83, Killearn Road, Catford, London, Greater London SE6 1BN2
£505K12/200.51 mi15, Harvard Road, London, Greater London SE13 6SE2
£515K11/200.52 mi92, Killearn Road, Catford, London, Greater London SE6 1BT2
£580K12/200.52 mi50, Harvard Road, London, Greater London SE13 6SF2
£516K06/220.54 mi35, Thornford Road, London, Greater London SE13 6SG2
£482.3K05/210.54 mi79, Braidwood Road, London, Greater London SE6 1QU2
£360K08/210.55 mi2, Cumberland Place, London, Greater London SE6 1LA2
£689.5K12/200.56 mi72, Taunton Road, London, Greater London SE12 8PB2
£436K11/220.56 mi3b, Northbrook Road, London, Greater London SE13 5QT2
£535K07/230.56 mi7, Wolfram Close, London, Greater London SE13 5QR2
£350K03/210.57 mi2, Melbourne Mews, London, Greater London SE6 2HL2
£742K07/230.58 mi15, Leahurst Road, London, Greater London SE13 5HX2
£525K04/230.58 mi1, Muirkirk Road, London, Greater London SE6 1BE2
£427.5K11/230.6 mi48c, Mount Pleasant Road, London, Greater London SE13 6RE2
£555K10/230.63 mi4, George Lane, London, Greater London SE13 6HH2
£450K07/210.66 mi16, Waite Davies Road, London, Greater London SE12 0ND2
£438K03/230.66 mi10, Waite Davies Road, London, Greater London SE12 0ND2
£510K12/200.66 mi15, Roxley Road, London, Greater London SE13 6HG2
£606K08/210.66 mi44, Taunton Road, London, Greater London SE12 8QB2
£659K03/210.68 mi20, Hedgley Street, London, Greater London SE12 8PE2
£450K01/210.68 mi23, Waite Davies Road, London, Greater London SE12 0NE2
£475K07/230.68 mi23, Waite Davies Road, London, Greater London SE12 0NE2
£475K07/230.68 mi23, Waite Davies Road, London, Greater London SE12 0NE2

Local Rents

46 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,77508/240.02 miRosse Gardens, Desvignes Drive, London, SE132
£1,90004/250.02 mi-2
£1,93009/240.06 mi-2
£2,45004/250.06 mi-2
£1,70008/240.07 miCatalpa Court, Hither Green Lane, London, SE132
£2,10008/240.07 mi-2
£1,90004/250.08 mi-2
£1,80008/240.12 miKingswood Court, Hither Green, London, SE132
£1,75008/240.13 mi-2
£2,20008/240.13 miHither Green, London, SE132
£1,75008/240.13 miSpringbank Road, SE132
£1,70011/240.13 mi-2
£2,00008/240.15 miSpringbank Road, Lewisham, London, SE132
£1,95008/240.15 miSpringbank Road, Lewisham, London, SE132
£1,70008/240.15 miHeather Close, London, SE132
£1,85008/240.16 mi-2
£1,80008/240.16 miSpringbank Road, Hither Green, SE132
£1,95008/240.18 miHighfield Close Hither Green SE132
£1,90008/240.18 miHighfield Close Hither Green SE132
£2,00002/250.18 mi-2
£2,20008/240.18 mi294 Hither Green Lane, London, SE132
£1,75008/240.18 mi-2
£1,75008/240.19 miHither Green Lane, Hither Green, London, SE132
£1,80008/240.19 miKingswood Court, Hither Green, London, SE132
£1,59009/240.19 mi-2
£1,65001/250.19 mi-2
£1,50002/250.19 mi-2
£1,60009/240.19 miBrownhill Road, London, SE62
£1,65004/250.19 mi-2
£1,75008/240.19 miHighfield Close, Hither Green, London2
£1,60011/230.19 miHighfield Close, SE132
£1,75011/240.21 mi-2
£1,70008/240.21 mi-2
£1,75008/240.21 miBrownhill Road, London, SE62
£1,55008/240.21 miBrownhill Road, London, SE62
£1,80008/240.21 miBrownhill Road London SE62
£1,85008/240.21 miBrownhill Road Catford SE62
£1,59511/240.21 mi-2
£1,70008/240.21 miLullingstone Lane Hither Green SE132
£1,60009/240.23 miHospital Way, Hither Green, London, SE132
£1,80008/240.23 mi-2
£1,70004/250.23 mi-2
£1,80008/240.23 miStainton Road, London, SE62
£1,62504/250.23 mi-2
£1,95002/240.24 mi-2
£1,95011/240.24 mi-2

Local Area Statistics

Population in SE13

40,848

Population in London

4,771,921

Town centre distance

7.14 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £270,000

February 26, 2025

Description

  • immediate ‘exchange of contracts’ available +
  • ground floor +
  • two bedrooms +
  • new kitchen +
  • private patio +
  • close to station +
  • communal garden +
  • partly refurbished +
  • sold via ‘Secure Sale’ +
  • 61 year lease +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £270,000. A two bedroom period conversion found on the ground floor of this double fronted, end of terrace, Corbitt House with direct access to a private patio and communal garden and located just 0.25 miles from Hither Green Station.

The accommodation comprises; a 12’4 x 11’5 reception room with bay window to the front, a modern newly fitted kitchen, modern bathroom and two bedrooms. To the rear and direct access from the kitchen, is a patio area leading to a large communal garden.

Additional features include off street parking to the front (first come first serve), side access and a brand new central heating boiler.

The property is being sold chain free and with the existing 61 year lease.

Located just 0.45 miles from Hither Green station with travel time to London Bridge just 9 minutes with trains also operating to Cannon Street, Charing Cross and Waterloo East. Catford and Catford Bridge stations are also both within a mile. Canary Wharf is easily accessible via Lewisham DLR. The popular open spaces of Manor House Gardens and Mountsfield Park are close by. Catford and Lewisham Town centres are both within a mile with regeneration increasing the array of shops, bars and restaurants and fast access links to Central London. Blackheath Village with its array of boutiques, bars and restaurants is just 1.4 miles. There's a good choice of primary schools including two Ofsted rated 'Excellent' Brindishe schools and the popular Sandhurst and Torridon Schools.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 61
Annual Ground Rent Amount: £150.00
Annual Service Charge Amount: £1,022.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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