2 Bed Flat, Single Let, London, SE23 2SJ, £350,000

Elsinore Road, London, SE23 2SJ - a month ago

Sold STC

BTL

ROI: 2%

~68 m²

+16 photos

ValuationUndervalued

Sold Prices	£252K - £595K
Sold Prices/m²	£1.7K/m² - £11K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£437,500£437,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£111,200£111,200

Cash Out
Rent Range	£1,500 - £2,800£1,500 - £2,800
Rent Estimate	£1,600
Running Costs/mo	£1,434£1,434
Cashflow/mo	£166£166
Cashflow/yr	£1,995£1,995
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £252K to £595K, average is £432.5K. £1.7K/m² to £11K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	03/21	0.07 mi	48b, Elsinore Road, London, Greater London SE23 2SL	£5,859	64	2	Flat
£376K	05/21	0.08 mi	42a, Kilmorie Road, London, Greater London SE23 2ST	-	-	2	Flat
£498K	04/21	0.08 mi	64a, Hurstbourne Road, London, Greater London SE23 2AB	£6,468	77	2	Flat
£375K	09/21	0.09 mi	24a, St Germans Road, London, Greater London SE23 1RJ	£7,979	47	2	Flat
£485K	06/21	0.1 mi	61, Hurstbourne Road, London, Greater London SE23 2AA	£6,644	73	2	Flat
£325K	09/21	0.12 mi	4b, Fermor Road, London, Greater London SE23 2HN	£6,633	49	2	Flat
£435K	11/20	0.16 mi	71, St German's Road, London, Greater London SE23 1RY	£6,692	65	2	Flat
£485K	04/21	0.16 mi	65a, Colfe Road, London, Greater London SE23 2ES	£5,575	87	2	Flat
£475.5K	02/23	0.17 mi	39, Como Road, London, Greater London SE23 2JL	-	-	2	Flat
£513.9K	07/23	0.19 mi	5, Loxton Road, Forest Hill, London, Greater London SE23 2ET	£7,786	66	2	Flat
£345K	03/23	0.21 mi	Flat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX	-	-	2	Flat
£342K	11/20	0.23 mi	103, Elsinore Road, London, Greater London SE23 2SQ	£3,977	86	2	Flat
£534K	05/23	0.23 mi	Upper Flat, 6, Carholme Road, London, Greater London SE23 2HS	£5,563	96	2	Flat
£445K	06/23	0.23 mi	8, Grove Close, London, Greater London SE23 1AS	£6,014	74	2	Flat
£450K	08/23	0.25 mi	16, Firs Close, London, Greater London SE23 1BB	£5,769	78	2	Flat
£420K	03/21	0.25 mi	27b, Como Road, London, Greater London SE23 2JL	£7,778	54	2	Flat
£495.2K	07/23	0.26 mi	154, Kilmorie Road, London, Greater London SE23 2SR	£7,176	69	2	Flat
£532.5K	01/23	0.27 mi	73, Montem Road, London, Greater London SE23 1SH	£7,007	76	2	Flat
£406K	12/20	0.27 mi	First Floor Flat, 34, Ravensbourne Road, London, Greater London SE6 4UX	-	-	2	Flat
£495K	11/20	0.27 mi	14a, Woolstone Road, London, Greater London SE23 2SG	£11,000	45	2	Flat
£385K	05/21	0.27 mi	48b, Montem Road, London, Greater London SE23 1SJ	£8,671	44	2	Flat
£390K	10/21	0.29 mi	80a, Elsinore Road, London, Greater London SE23 2SN	£6,930	56	2	Flat
£458.8K	01/21	0.29 mi	88, Elsinore Road, London, Greater London SE23 2SN	£6,952	66	2	Flat
£567.5K	06/23	0.29 mi	47, Farren Road, London, Greater London SE23 2DZ	£7,006	81	2	Flat
£290K	11/20	0.3 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£369K	04/21	0.31 mi	12a, Blythe Close, London, Greater London SE6 4UW	£8,200	45	2	Flat
£410K	02/21	0.33 mi	62b, Blythe Vale, London, Greater London SE6 4NW	£6,558	63	2	Flat
£322.5K	06/23	0.33 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£507.5K	12/20	0.34 mi	71b, Woolstone Road, London, Greater London SE23 2TQ	£5,577	91	2	Flat
£435.8K	08/21	0.34 mi	24, Shipman Road, London, Greater London SE23 2DY	£6,704	65	2	Flat
£289K	03/21	0.37 mi	Flat 9, Faversham Court, Faversham Road, London, Greater London SE6 4XG	-	-	2	Flat
£372.5K	06/21	0.38 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£398.5K	10/21	0.38 mi	96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS	£5,175	77	2	Flat
£450K	03/21	0.38 mi	37b, Siddons Road, London, Greater London SE23 2JH	£7,483	60	2	Flat
£595K	06/23	0.39 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£387.5K	12/21	0.4 mi	38a, Rockbourne Road, London, Greater London SE23 2DD	-	-	2	Flat
£370.2K	11/20	0.4 mi	5b, Perry Hill, London, Greater London SE6 4LF	£5,608	66	2	Flat
£440K	05/23	0.42 mi	22a, Ackroyd Road, London, Greater London SE23 1DL	£7,384	60	2	Flat
£465K	12/20	0.43 mi	23b, Rockbourne Road, London, Greater London SE23 2DA	£1,729	269	2	Flat
£467K	11/20	0.43 mi	21, Brockley View, London, Greater London SE23 1SN	£6,397	73	2	Flat
£507.8K	12/20	0.43 mi	19a, Gabriel Street, London, Greater London SE23 1DW	£8,897	57	2	Flat
£375K	06/21	0.45 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£455K	07/23	0.46 mi	39a, Codrington Hill, London, Greater London SE23 1LR	£6,334	72	2	Flat
£252K	09/21	0.47 mi	Flat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ	-	-	2	Flat
£445K	07/23	0.47 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£540K	02/23	0.48 mi	1a, Wyleu Street, London, Greater London SE23 1DU	£8,852	61	2	Flat
£430K	11/21	0.49 mi	126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS	£6,615	65	2	Flat
£330K	08/23	0.5 mi	29a, Exbury Road, London, Greater London SE6 4NB	-	-	2	Flat
£340K	03/21	0.5 mi	56b, Catford Hill, London, Greater London SE6 4PU	£4,533	75	2	Flat
£312.5K	04/23	0.5 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat

Local Rents

49 rents from £1.5K/mo to £2.8K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	08/24	0.02 mi	-	2	Flat
£1,750	08/24	0.03 mi	Elsinore Road, London, SE23	2	Flat
£2,150	08/24	0.04 mi	-	2	House
£1,750	08/24	0.06 mi	Stanstead Road, London, SE23	2	Flat
£1,850	11/24	0.06 mi	-	2	Flat
£1,850	11/24	0.06 mi	-	2	Flat
£1,900	01/25	0.07 mi	-	2	Flat
£1,900	01/25	0.07 mi	-	2	Flat
£1,850	08/24	0.08 mi	Elsinore Road, SE23	2	Flat
£1,995	09/24	0.08 mi	Elsinore Road	2	Flat
£1,900	11/24	0.08 mi	-	2	Flat
£1,750	08/24	0.09 mi	St Germans Road, Forest Hill, London, SE23	2	Flat
£1,600	08/24	0.1 mi	St German's Road, Forest Hill, SE23	2	Flat
£1,750	08/24	0.1 mi	St. German's Road, London, SE23	2	Flat
£1,950	08/24	0.1 mi	St. German's Road, London, SE23	2	Flat
£1,600	08/24	0.11 mi	Cranston Road, Forest Hill, SE23	2	Flat
£1,850	09/24	0.12 mi	-	2	Flat
£1,850	08/24	0.12 mi	Hurstbourne Road, London, SE23	2	Flat
£2,200	08/24	0.12 mi	-	2	House
£1,750	08/24	0.12 mi	Cranston Road, London, SE23	2	Flat
£1,795	08/24	0.13 mi	Stanstead Road, London, SE23	2	Flat
£1,700	08/24	0.13 mi	Stanstead Road, London, SE23	2	Flat
£1,700	10/24	0.13 mi	-	2	Flat
£1,700	03/25	0.13 mi	-	2	Flat
£1,800	02/25	0.13 mi	-	2	Flat
£2,100	08/24	0.13 mi	Elsinore Road, London, SE23	2	Terraced House
£2,050	02/24	0.13 mi	-	2	Flat
£2,100	09/24	0.13 mi	-	2	Terraced House
£2,100	01/25	0.13 mi	-	2	Terraced House
£1,650	09/24	0.13 mi	-	2	Flat
£1,850	10/24	0.13 mi	-	2	Flat
£1,500	08/24	0.13 mi	Stanstead Road, London, SE23	2	Flat
£1,900	08/24	0.14 mi	Elsinore Road, London, SE23	2	Terraced House
£2,800	08/24	0.15 mi	Vancouver Road, SE23	2	Flat
£2,250	08/24	0.15 mi	Brockley Rise London SE23	2	Flat
£1,800	02/24	0.15 mi	-	2	House
£1,775	08/24	0.15 mi	-	2	Flat
£1,600	09/24	0.16 mi	-	2	Flat
£1,600	09/24	0.16 mi	-	2	Flat
£1,600	08/24	0.16 mi	Stanstead Road, London, SE23	2	Flat
£1,700	02/24	0.16 mi	-	2	House
£1,800	03/25	0.17 mi	-	2	Flat
£1,600	08/24	0.18 mi	Marler Road, Forest Hill, London, SE23	2	Flat
£2,250	08/24	0.18 mi	Colfe Road, Forest Hill, London, SE23	2	House
£2,250	09/24	0.19 mi	Colfe Road Forest Hill SE23	2	House
£2,100	02/25	0.19 mi	-	2	Flat
£1,800	08/24	0.2 mi	-	2	Flat
£1,650	08/24	0.2 mi	Northwood Road Forest Hill SE23	2	Flat
£1,650	08/24	0.2 mi	-	2	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.60 miles away6.60 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £350,000

February 27, 2025

Floor Plans

Description

Two Double Bedrooms +
Modern Purpose Built Flat +
Share of Freehold +
First Floor +
Garage En-Bloc +
Pleasant Communal Garden +
Double Glazing +
Wood Flooring Where Stated +
Entry Phone +
Contemporary Designed +

Charming first floor modern purpose built flat with two double bedrooms, long lease, garage en-bloc and ample storage, set within a popular location, ideal for Forest Hill Station, Horniman Museum and Gardens

Exterior
Garage En-Bloc
Pleasant communal garden

Key Terms
Double glazing
Central heating
Wood flooring where stated
Entry phone
First floor
Share of freehold
Contemporary designed
Forest Hill Station & Catford/Catford Bridge Station
Conveniently located for local independent shops, eateries and bars

Owners Comment
It’s been great to live in this flat - it is comfortable, practical and cosy. I’ve lived here alone, with my partner and with a new baby, and the flat has adapted well to our changing situation. The added benefit of the garage has helped with storage issues and for us was a real lifesaver. It’s a brilliant location between Forest Hill and Catford, with great transport links, and even a great garden to have summer barbecues. I’m sure it will be a great home for the next owners.

Agent Details

Robinson Jackson, Sydenham

020 3889 9138

Next Steps?

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

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