2 Bed Flat, Single Let, London, SE15 1RX, £289,999

Old Kent Road, London, SE15 1RX - a month ago

Leasehold

BTL

ROI: 2%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£226K - £780K
Sold Prices/m²	£3.6K/m² - £13.3K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£359,599£359,599
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£17,700£17,700
Total Cash In	£90,200£90,200

Cash Out
Rent Range	£1,200 - £3,597£1,200 - £3,597
Rent Estimate	£1,388
Running Costs/mo	£1,204£1,204
Cashflow/mo	£184£184
Cashflow/yr	£2,210£2,210
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £226K to £780K, average is £362.5K. £3.6K/m² to £13.3K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£226K	12/20	0.24 mi	Flat 3, Ednam House, Friary Estate, London, Greater London SE15 6SE	-	-	2	Flat
£445K	03/23	0.26 mi	69a, Friary Road, Peckham, London, Greater London SE15 1QS	£7,177	62	2	Flat
£240K	02/21	0.28 mi	69, Haymerle Road, London, Greater London SE15 6SQ	£3,556	68	2	Flat
£325K	12/21	0.31 mi	66, Latona Road, London, Greater London SE15 6RY	£4,643	70	2	Flat
£528.5K	04/21	0.31 mi	47a, Naylor Road, London, Greater London SE15 1QJ	£10,545	50	2	Flat
£365K	06/23	0.31 mi	89, Naylor Road, London, Greater London SE15 1QJ	£5,917	62	2	Flat
£533.5K	05/21	0.32 mi	5a, Nutcroft Road, London, Greater London SE15 1AG	£13,338	40	2	Flat
£377.5K	01/21	0.39 mi	First Floor Flat B, 4, Kincaid Road, London, Greater London SE15 5UN	-	-	2	Flat
£478.9K	06/23	0.42 mi	31, Clifton Crescent, London, Greater London SE15 2RX	£6,841	70	2	Flat
£430.5K	03/21	0.42 mi	22, Clifton Crescent, London, Greater London SE15 2RX	£7,422	58	2	Flat
£338K	03/23	0.43 mi	Flat 21, Mawbey House, Old Kent Road, London, Greater London SE1 5PG	-	-	2	Flat
£347K	05/21	0.43 mi	105, Pennack Road, London, Greater London SE15 6DE	£4,566	76	2	Flat
£425K	01/21	0.43 mi	22, Meeting House Lane, London, Greater London SE15 2UN	£6,703	63	2	Flat
£335K	12/20	0.45 mi	14b, Marmont Road, London, Greater London SE15 5TE	£7,614	44	2	Flat
£492.5K	08/23	0.46 mi	Flat 17, St Augustines Court, Lynton Road, London, Greater London SE1 5DP	-	-	2	Flat
£400K	06/23	0.46 mi	32, Wentworth Crescent, London, Greater London SE15 5UG	£5,052	79	2	Flat
£365K	03/21	0.49 mi	33, Blanch Close, London, Greater London SE15 2LD	£5,098	72	2	Flat
£402K	03/23	0.52 mi	47, Laburnum Close, London, Greater London SE15 2LJ	-	-	2	Flat
£360K	06/21	0.53 mi	97, Bath Close, London, Greater London SE15 2JT	£5,000	72	2	Flat
£335K	05/21	0.54 mi	Flat 25, Palm Court, Garnies Close, London, Greater London SE15 6PB	-	-	2	Flat
£317K	12/20	0.54 mi	Flat 47, Barry House, Rennie Estate, London, Greater London SE16 3PH	-	-	2	Flat
£332K	04/23	0.55 mi	102, Water Lane, London, Greater London SE14 5DN	£6,036	55	2	Flat
£315K	02/21	0.56 mi	Flat 15, Radcliffe House, Anchor Street, London, Greater London SE16 3LT	-	-	2	Flat
£558.5K	12/21	0.57 mi	100c, Peckham Hill Street, London, Greater London SE15 5JT	£7,253	77	2	Flat
£355K	04/23	0.58 mi	20, Garnies Close, London, Greater London SE15 6HW	£5,462	65	2	Flat
£448K	07/23	0.58 mi	Flat 34, Wakefield House, Goldsmith Road, London, Greater London SE15 5ST	-	-	2	Flat
£420K	04/21	0.59 mi	Flat 4, Shannon Court, Garnies Close, London, Greater London SE15 6LJ	-	-	2	Flat
£300K	08/21	0.6 mi	Flat 3, Glastonbury Court, Farrow Lane, London, Greater London SE14 5EA	-	-	2	Flat
£340K	06/23	0.61 mi	Flat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA	£7,907	43	2	Flat
£295K	01/21	0.64 mi	66, Bridge Meadows, London, Greater London SE14 5SX	£6,020	49	2	Flat
£307K	03/21	0.64 mi	69, Bridge Meadows, London, Greater London SE14 5SX	-	-	2	Flat
£385K	02/23	0.64 mi	36, Bushwood Drive, London, Greater London SE1 5RE	£5,760	67	2	Flat
£340K	12/20	0.65 mi	Flat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY	-	-	2	Flat
£465K	01/21	0.68 mi	2a, Longley Street, London, Greater London SE1 5QQ	£10,568	44	2	Flat
£535K	07/23	0.69 mi	30, Kender Street, London, Greater London SE14 5JG	£6,524	82	2	Flat
£312.5K	06/21	0.71 mi	Flat 2, Hammond House, Lubbock Street, London, Greater London SE14 5HY	-	-	2	Flat
£437.5K	01/23	0.71 mi	47, Kelly Avenue, London, Greater London SE15 5LB	-	-	2	Flat
£345.5K	06/23	0.74 mi	Flat 11, Robert Jones House, Eveline Lowe Estate, London, Greater London SE16 3SR	-	-	2	Flat
£340K	10/21	0.78 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£380K	10/20	0.8 mi	22, Woolstaplers Way, London, Greater London SE16 3UP	£5,938	64	2	Flat
£325K	03/21	0.8 mi	55, Granville Square, London, Greater London SE15 6DX	£6,500	50	2	Flat
£470K	09/21	0.82 mi	108a, New Cross Road, London, Greater London SE14 5BA	-	-	2	Flat
£780K	05/23	0.83 mi	Flat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£750K	02/21	0.83 mi	Flat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£365K	04/21	0.84 mi	68, Lucey Way, London, Greater London SE16 3UF	-	-	2	Flat
£345K	02/21	0.84 mi	42, Lucey Way, London, Greater London SE16 3UF	-	-	2	Flat
£320K	06/21	0.84 mi	28, Joseph Hardcastle Close, London, Greater London SE14 5RQ	£6,809	47	2	Flat
£335K	06/23	0.84 mi	112, Joseph Hardcastle Close, London, Greater London SE14 5RQ	£6,208	54	2	Flat
£475K	12/20	0.84 mi	10b, Leylang Road, London, Greater London SE14 5QZ	-	-	2	Flat
£345K	03/23	0.86 mi	Flat 9, Tern House, Pelican Estate, London, Greater London SE15 5NL	-	-	2	Flat

Local Rents

50 rents from £1.2K/mo to £3.6K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	10/24	0.03 mi	-	2	Flat
£1,800	08/24	0.07 mi	Peckham Park Road, Peckham SE15	2	Flat
£1,700	08/24	0.08 mi	Old Kent Road Peckham SE15	2	Flat
£1,450	08/24	0.09 mi	Old Kent Road, London, SE15	2	Flat
£2,250	08/24	0.09 mi	-	2	Flat
£2,100	12/24	0.09 mi	-	2	Flat
£2,200	03/25	0.09 mi	-	2	Flat
£1,850	08/24	0.09 mi	Lyons Court, Green Hundred Road, SE15	2	Flat
£1,950	02/25	0.11 mi	-	2	Flat
£1,850	08/24	0.11 mi	Peckham Park Road, Peckham, SE15	2	Flat
£1,900	08/24	0.13 mi	Peckham Park Road Peckham SE15	2	Flat
£2,200	08/24	0.18 mi	Rotherhithe New Road London SE16	2	Flat
£2,650	12/24	0.18 mi	Rotherhithe New Road London SE16	2	Flat
£2,300	12/24	0.18 mi	Chancellor House, 395 Rotherhithe New Road, London, SE16	2	Flat
£2,300	03/25	0.18 mi	-	2	Flat
£2,500	12/24	0.18 mi	Chancellor House, South Bermondsey, SE16	2	Flat
£1,900	08/24	0.18 mi	Bird In Bush Road, Peckham SE15	2	Flat
£2,200	08/24	0.18 mi	Rotherhithe New Road, London	2	Flat
£3,597	12/24	0.18 mi	395 Rotherhithe New Road, SE16	2	Flat
£2,400	02/25	0.2 mi	-	2	Flat
£2,500	12/24	0.2 mi	New Rotherhithe Road, South Bermondsey, SE16	2	Flat
£2,600	12/24	0.2 mi	-	2	Flat
£2,600	12/24	0.2 mi	Rotherhithe New Road, London, SE16 3FN	2	Flat
£2,600	12/24	0.21 mi	Rotherhithe New Rd, Bermondsey, SE16 3FN – 2 Bedrooms Flat	2	Flat
£2,450	08/24	0.21 mi	Rotherhithe New Road Bermondsey SE16	2	Flat
£2,300	12/24	0.21 mi	Rotherhithe New Road London SE16	2	Flat
£2,200	12/24	0.21 mi	Rotherhithe New Road London SE16	2	Flat
£2,557	12/24	0.21 mi	-	2	Flat
£2,400	08/24	0.22 mi	-	2	Flat
£1,200	08/24	0.23 mi	Old Kent Road, Peckham, SE15	2	Flat
£2,100	08/24	0.23 mi	Argyle Way, London, SE16 3JQ	2	Terraced House
£2,050	08/24	0.23 mi	-	2	Terraced House
£1,920	12/24	0.26 mi	-	2	Flat
£2,200	08/24	0.26 mi	Howson Court, 525 Old Kent Road, SE1	2	Flat
£2,000	08/24	0.26 mi	Naylor Road London SE15	2	House
£3,000	12/24	0.28 mi	-	2	Flat
£2,400	12/24	0.28 mi	Fern Walk, Bermondsey, London, SE16	2	Flat
£2,000	12/24	0.29 mi	Sherwood Gardens Bermondsey SE16	2	House
£2,300	03/25	0.3 mi	-	2	Flat
£2,150	08/24	0.32 mi	Crown Place Apartments, 20 Varcoe Road, London, SE16	2	Flat
£1,900	03/25	0.32 mi	-	2	Flat
£2,400	08/24	0.32 mi	-	2	Flat
£2,400	08/24	0.32 mi	Grenier Apartments, London, SE15	2	Flat
£1,950	08/24	0.32 mi	Nutcroft Road, Peckham, SE15	2	Flat
£2,300	08/24	0.33 mi	Gervase Street, Peckham, London, SE15	2	Flat
£2,500	12/24	0.33 mi	-	2	Flat
£2,795	02/25	0.33 mi	-	2	Terraced House
£2,150	08/24	0.34 mi	Friary Road	2	Flat
£2,100	03/25	0.34 mi	-	2	Flat
£2,400	08/24	0.34 mi	-	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	3.62 miles away3.62 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.54 miles away0.54 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £289,999

February 26, 2025

Description

CLOSE TO THE CITY +
TWO BEDROOMS +
FITTED KITCHEN +
GREAT TRANSPORT LINKS +
NEARBY BUZZING AMENITIES AND SPRAWLING GREENS +

Two bedroom apartment in a great location, fitted kitchen, bathroom, close transport links to the City. Popular area, viewing highly recommended!

Agent Details

Aspire Estates, Birmingham

0121 647 6666

Next Steps?

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

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2 Bed Flat, Single Let, London, SE15 1RX, £289,999

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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Cashflows

Local Sold Prices

Local Rents