2 Bed Flat, Single Let, London, SE25 6BF, £265,000

Suffolk Road, London, SE25 6BF - a month ago

Leasehold
BTL
ROI: 4%
~65 m²
+7 photos

ValuationUndervalued

Sold Prices£200K - £640K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~64.90 m²
Price/m²£4.1K/m²

Value Estimate

£331,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£17,700

Total Cash In

£83,950

 

 

Cash Out

 

Rent Range

£1,300 - £2,500

Rent Estimate

£1,394

Running Costs/mo

£1,127

Cashflow/mo

£267

Cashflow/yr

£3,205

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £640K, average is £303.8K. £3.4K/m² to £7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£365K12/200.16 miFlat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£362K03/210.16 miFlat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2
£290K08/210.19 mi21, Cargreen Road, London, Greater London SE25 5AD2
£292.5K12/200.23 mi25a, Lancaster Road, London, Greater London SE25 4BJ2
£355K01/230.26 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£280K06/230.28 mi11a, Crowther Road, London, Greater London SE25 5QW2
£250K02/210.29 mi14, St Marks Road, London, Greater London SE25 4UH2
£330K08/210.31 mi60a, Crowther Road, London, Greater London SE25 5QP2
£260K03/230.33 mi94, Whitworth Road, London, Greater London SE25 6XL2
£275K10/200.34 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£280K01/230.38 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£315K02/230.39 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£325K01/210.39 mi98, Albert Road, London, Greater London SE25 4JW2
£207.5K07/210.4 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£365K01/210.46 mi36, Archer Road, London, Greater London SE25 4JN2
£300K09/210.46 mi50, Archer Road, London, Greater London SE25 4JN2
£367K05/210.49 mi64a, Enmore Road, London, Greater London SE25 5NG2
£350K01/210.5 mi115, Harrington Road, London, Greater London SE25 4NP2
£290K06/230.51 mi84, Watson Place, London, Greater London SE25 5FA2
£360K01/210.52 mi4, Ingatestone Road, London, Greater London SE25 4LG2
£285K01/210.52 mi3, Ingatestone Road, London, Greater London SE25 4LG2
£386K03/230.52 mi47, Ingatestone Road, London, Greater London SE25 4LG2
£360K08/230.52 mi34, Ingatestone Road, London, Greater London SE25 4LG2
£328.8K02/230.54 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£300K11/200.54 mi13, Haysleigh Gardens, London, Greater London SE20 8SS2
£265K03/230.56 miFlat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT2
£260K03/210.57 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£280K08/210.58 miFlat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW2
£292.5K04/210.6 miFlat 11, Kendal House, Derwent Road, London, Greater London SE20 7YR2
£640K12/210.62 mi105, Birchanger Road, London, Greater London SE25 5BH2
£330K11/200.63 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£245K04/210.63 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£288K02/210.66 mi68a, Holmesdale Road, London, Greater London SE25 6JF2
£265.5K02/210.67 miFlat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW2
£318K01/230.67 miFlat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW2
£240K07/230.67 miFlat 13, Impact Court, Stembridge Road, London, Greater London SE20 7UP2
£415K02/210.7 mi3a, Stembridge Road, London, Greater London SE20 7UE2
£272.5K03/210.7 mi62, Selby Road, London, Greater London SE20 8SG2
£235K02/230.7 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£275K08/210.72 miFlat 1, Shipley Court, Selby Road, London, Greater London SE20 8SE2
£245K12/210.73 mi15, Hardcastle Close, Croydon, Greater London CR0 6XQ2
£370K04/210.73 mi85b, Marlow Road, London, Greater London SE20 7XR2
£325K11/210.73 mi199, Grange Road, London, Greater London SE25 6TG2
£410K05/210.73 mi55a, Tremaine Road, London, Greater London SE20 7UA2
£307.5K06/210.75 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£346K01/210.76 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£365K06/230.76 mi156, Sylvan Road, London, Greater London SE19 2SA2
£427.5K05/210.76 mi16a, Tremaine Road, London, Greater London SE20 7TZ2
£330K04/210.77 mi301, Grange Road, London, Greater London SE25 6TD2
£200K06/210.77 mi7, Coe Avenue, London, Greater London SE25 5HN2

Local Rents

48 rents from £1.3K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.01 miSt. Dunstans Road, London2
£1,45209/240.05 miHigh Street, South Norwood, SE252
£1,45002/240.05 mi-2
£1,50003/250.05 mi-2
£1,90003/250.05 mi-2
£2,50008/240.06 miSuffolk Road, London, SE252
£1,30008/240.06 miHigh Street London SE252
£1,75008/240.06 miFlat 10 Langham Court, 1A Suffolk Road, London, SE252
£1,75009/240.06 miFlat 10 Langham Court, 1A Suffolk Road, London, SE252
£1,70008/240.08 mi-2
£2,00003/250.09 mi-2
£1,55002/240.09 mi-2
£1,69501/250.09 mi-2
£1,69503/250.09 mi-2
£1,95008/240.1 mi-2
£1,90008/240.11 mi-2
£1,90008/240.11 mi-2
£1,75008/240.12 miSelhurst Road, London, SE252
£1,80008/240.12 mi-2
£1,65008/240.13 miHolmesdale Close London SE252
£1,60008/240.14 miNorwood Junction High Street, London, SE252
£2,00004/250.14 mi-2
£1,85008/240.14 miHolmesdale Road, South Norwood2
£1,55008/240.15 miStation Road, London, SE252
£1,55010/240.15 mi-2
£1,70003/250.17 mi-2
£1,75008/240.17 mi-2
£1,85004/250.17 mi-2
£1,80003/250.17 mi-2
£1,80008/240.17 mi-2
£1,50008/240.18 mi-2
£1,50008/240.18 mi-2
£1,50008/240.18 mi-2
£1,50008/240.18 mi-2
£1,60008/240.18 miFlat B, Oliver Avenue, South Norwood, SE252
£1,65002/240.18 mi-2
£1,70008/240.18 mi-2
£1,70008/240.19 miChalfont Road, London, SE252
£1,65008/240.19 mi-2
£1,65001/250.19 mi-2
£1,50008/240.19 miWhitworth Road, London, SE252
£1,50009/240.19 mi-2
£1,85008/240.2 miBROSTER GARDENS, LONDON, SE25, South Norwood, London, SE252
£1,85008/240.2 miBroster Gardens London SE252
£1,79511/230.2 miBroster Gardens, South Norwood, SE252
£1,60008/240.22 miPortland Road, London2
£1,30008/240.22 mi-2
£1,70008/240.22 mi-2

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

8.99 miles away

Nearest school

0.10 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £265,000

February 27, 2025

Floor Plans

Description

  • Purpose Built Apartment +
  • Two Bedrooms Allowing Lots Of Natural Light +
  • Very Convenient For Norwood Junction BR/Overground Station +
  • South Norwood High Street Is Nearby +
  • Entry Phone Security System +
  • Open Plan Kitchen/Living +
  • Lease Is 99 Years From October 2014 +
  • The Property Is Above A Tesco Express +
  • Double Glazing +
  • Gas Central Heating +

We are delighted to present this spacious two-bedroom purpose-built apartment to the market which is above a Tesco Express on South Norwood Hill. Offering a bright and airy open-plan kitchen and living area with floor-to-ceiling windows that enhance the sense of space and natural light. The modern white bathroom suite is in good condition with the benefit of a separate shower cubicle, adding to the overall appeal. There are also two bedrooms again with large floor to ceiling windows. Additional features include an entry phone security system and lift. Ideally located, the property is within easy reach of Norwood Junction BR/Overground Station, providing excellent transport links into London. The vibrant Crystal Palace Triangle, known for its diverse selection of shops, cafés, and restaurants, is also close by. The apartment is offered with no onward chain, making it an excellent opportunity for first-time buyers. Early viewing is highly recommended to fully appreciate all this fantastic apartment has to offer. THE PROPERTY REMAINS ON THE MARKET UNTIL EXCHANGE OF CONTRACTS.

Leasehold: 99 Years From October 2014 Service Charge: £3,603.72 per year - Ground Rent: awaited & requested - EPC Rating: C - Croydon Council Tax Band: C - £2103.91

We carry out best endeavours to make our marketing material accurate and reliable, however they do not form part of any contract and are not to be relied upon. Any buyers are advised to seek verification from their solicitor or surveyor.

For broadband and mobile phone coverage at the property in question please visit:

Agent Details

Homecastle Estate Agents, South Norwood

020 3856 8341

Next Steps?

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