2 Bed Flat, Single Let, London, SE23 2TG, £375,000

Woolstone Road, Forest Hill, London, SE23 2TG - a month ago

BTL

ROI: 1%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£252K - £818K
Sold Prices/m²	£4K/m² - £11K/m²

Square Metres	~68.11 m²
Price/m²	£5.5K/m²
Value Estimate	£458,550£458,550
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£119,950£119,950

Cash Out
Rent Range	£1,470 - £2,800£1,470 - £2,800
Rent Estimate	£1,600
Running Costs/mo	£1,512£1,512
Cashflow/mo	£88£88
Cashflow/yr	£1,058£1,058
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £252K to £818K, average is £413.3K. £4K/m² to £11K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£507.5K	12/20	0.12 mi	71b, Woolstone Road, London, Greater London SE23 2TQ	£5,577	91	2	Flat
£390K	10/21	0.14 mi	80a, Elsinore Road, London, Greater London SE23 2SN	£6,930	56	2	Flat
£458.8K	01/21	0.14 mi	88, Elsinore Road, London, Greater London SE23 2SN	£6,952	66	2	Flat
£478K	08/21	0.15 mi	Ground Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL	£6,732	71	2	Flat
£495.2K	07/23	0.15 mi	154, Kilmorie Road, London, Greater London SE23 2SR	£7,176	69	2	Flat
£435.8K	08/21	0.16 mi	24, Shipman Road, London, Greater London SE23 2DY	£6,704	65	2	Flat
£450K	03/21	0.17 mi	37b, Siddons Road, London, Greater London SE23 2JH	£7,483	60	2	Flat
£445K	07/23	0.2 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£342K	11/20	0.2 mi	103, Elsinore Road, London, Greater London SE23 2SQ	£3,977	86	2	Flat
£567.5K	06/23	0.21 mi	47, Farren Road, London, Greater London SE23 2DZ	£7,006	81	2	Flat
£420K	03/21	0.21 mi	27b, Como Road, London, Greater London SE23 2JL	£7,778	54	2	Flat
£475.5K	02/23	0.25 mi	39, Como Road, London, Greater London SE23 2JL	-	-	2	Flat
£495K	11/20	0.27 mi	14a, Woolstone Road, London, Greater London SE23 2SG	£11,000	45	2	Flat
£513.9K	07/23	0.28 mi	5, Loxton Road, Forest Hill, London, Greater London SE23 2ET	£7,786	66	2	Flat
£455K	09/21	0.28 mi	98, Queenswood Road, London, Greater London SE23 2QS	£6,163	74	2	Flat
£252K	09/21	0.32 mi	Flat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ	-	-	2	Flat
£818K	02/23	0.32 mi	49, Mayow Road, London, Greater London SE23 2XH	£8,521	96	2	Flat
£375K	03/21	0.34 mi	48b, Elsinore Road, London, Greater London SE23 2SL	£5,859	64	2	Flat
£376K	05/21	0.34 mi	42a, Kilmorie Road, London, Greater London SE23 2ST	-	-	2	Flat
£375K	06/21	0.35 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£392.5K	09/23	0.36 mi	10c, Rutland Park, London, Greater London SE6 4LH	£6,767	58	2	Flat
£450K	12/22	0.36 mi	7a, Rutland Park, London, Greater London SE6 4LH	£7,290	62	2	Flat
£498K	04/21	0.36 mi	64a, Hurstbourne Road, London, Greater London SE23 2AB	£6,468	77	2	Flat
£485K	04/21	0.36 mi	65a, Colfe Road, London, Greater London SE23 2ES	£5,575	87	2	Flat
£485K	06/21	0.37 mi	61, Hurstbourne Road, London, Greater London SE23 2AA	£6,644	73	2	Flat
£370.2K	11/20	0.39 mi	5b, Perry Hill, London, Greater London SE6 4LF	£5,608	66	2	Flat
£595K	06/23	0.4 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£290K	11/20	0.4 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£416.5K	04/21	0.42 mi	29a, Champion Crescent, London, Greater London SE26 4HH	-	-	2	Flat
£400K	01/23	0.42 mi	39, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£7,018	57	2	Flat
£278K	03/21	0.42 mi	35, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£5,055	55	2	Flat
£455K	02/23	0.42 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£410K	02/21	0.43 mi	62b, Blythe Vale, London, Greater London SE6 4NW	£6,558	63	2	Flat
£370K	06/23	0.43 mi	82, Bampton Road, London, Greater London SE23 2AX	£6,491	57	2	Flat
£400K	06/23	0.43 mi	84, Bampton Road, London, Greater London SE23 2AX	£6,966	57	2	Flat
£505K	12/20	0.43 mi	9, Niederwald Road, London, Greater London SE26 4AD	£7,319	69	2	Flat
£534K	05/23	0.44 mi	Upper Flat, 6, Carholme Road, London, Greater London SE23 2HS	£5,563	96	2	Flat
£285K	06/21	0.44 mi	54, Tugela Street, London, Greater London SE6 4DG	£4,914	58	2	Flat
£325K	09/21	0.44 mi	4b, Fermor Road, London, Greater London SE23 2HN	£6,633	49	2	Flat
£387.5K	06/21	0.45 mi	15b, Adamsrill Road, London, Greater London SE26 4AL	£5,962	65	2	Flat
£322.5K	06/23	0.46 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£350K	06/23	0.46 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.46 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.46 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.46 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£510K	10/23	0.47 mi	36, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£7,612	67	2	Flat
£526K	10/23	0.47 mi	10, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£8,092	65	2	Flat
£372.5K	06/21	0.49 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£375K	09/21	0.49 mi	24a, St Germans Road, London, Greater London SE23 1RJ	£7,979	47	2	Flat
£335K	04/23	0.49 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat

Local Rents

50 rents from £1.5K/mo to £2.8K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	11/23	0.1 mi	Perry Vale, London, SE23	2	Flat
£1,995	08/24	0.12 mi	-	2	Flat
£1,750	11/24	0.12 mi	-	2	Flat
£2,100	03/25	0.12 mi	-	2	Flat
£2,200	08/24	0.14 mi	Houston Road, London, SE23	2	Flat
£2,150	08/24	0.15 mi	Kilmorie Road London SE23	2	Flat
£1,950	08/24	0.17 mi	-	2	Flat
£1,800	08/24	0.19 mi	Charlotte Parade, Shipman Road, London, SE23	2	Flat
£2,000	02/25	0.19 mi	-	2	Flat
£1,700	01/25	0.19 mi	-	2	Flat
£1,625	08/24	0.19 mi	-	2	Flat
£1,700	08/24	0.19 mi	Wynell Road, London, SE23 2LN	2	Flat
£2,000	03/25	0.19 mi	-	2	Flat
£1,800	08/24	0.2 mi	Como Road, Forest Hill, London, SE23	2	Flat
£2,300	12/24	0.2 mi	-	2	Flat
£1,800	08/24	0.21 mi	-	2	Flat
£1,775	08/24	0.25 mi	-	2	Flat
£1,800	02/24	0.25 mi	-	2	House
£1,800	08/24	0.26 mi	Woolstone Road, Forest Hill, London, SE23	2	Flat
£2,150	01/25	0.26 mi	-	2	Flat
£1,800	03/25	0.26 mi	-	2	Flat
£2,800	08/24	0.26 mi	Vancouver Road, SE23	2	Flat
£1,900	08/24	0.28 mi	Elsinore Road, London, SE23	2	Terraced House
£2,100	09/24	0.28 mi	-	2	Flat
£2,100	08/24	0.29 mi	Elsinore Road, London, SE23	2	Terraced House
£2,050	02/24	0.29 mi	-	2	Flat
£2,100	09/24	0.29 mi	-	2	Terraced House
£2,100	01/25	0.29 mi	-	2	Terraced House
£1,800	08/24	0.29 mi	Newbridge Point, Windrush Lane London SE23	2	Flat
£2,200	08/24	0.32 mi	Colfe Road, SE23	2	Terraced House
£1,850	08/24	0.33 mi	Vancouver Road, Forest hill, London, SE23	2	Flat
£1,650	04/25	0.34 mi	-	2	Flat
£1,850	08/24	0.34 mi	Elsinore Road, SE23	2	Flat
£1,995	09/24	0.34 mi	Elsinore Road	2	Flat
£1,850	09/24	0.35 mi	-	2	Flat
£1,850	08/24	0.35 mi	Hurstbourne Road, London, SE23	2	Flat
£1,750	02/25	0.36 mi	-	2	Flat
£2,150	10/24	0.36 mi	-	2	Terraced House
£2,150	10/24	0.36 mi	-	2	Terraced House
£2,500	10/24	0.37 mi	-	2	Terraced House
£2,500	10/24	0.37 mi	-	2	Terraced House
£2,500	12/24	0.37 mi	-	2	Terraced House
£1,600	08/24	0.37 mi	Marler Road, Forest Hill, London, SE23	2	Flat
£1,850	08/24	0.38 mi	Andrew Court, 38 Church Rise, London, SE23	2	Flat
£1,700	10/24	0.38 mi	-	2	Flat
£1,600	08/24	0.38 mi	Cranston Road, Forest Hill, SE23	2	Flat
£2,250	09/24	0.38 mi	Colfe Road Forest Hill SE23	2	House
£2,250	08/24	0.38 mi	Colfe Road, Forest Hill, London, SE23	2	House
£1,470	11/24	0.38 mi	-	2	Flat
£1,850	02/25	0.39 mi	-	2	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.96 miles away6.96 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 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 £375,000

March 3, 2025

Floor Plans

Description

Chain free +
Share of freehold +
Modern kitchen +
Neutral bathroom suite +
Close to excellent transport links +
Period conversion +
Bright and spacious +
Top floor flat +
Two double bedrooms +
Black crittall door +

A wonderful top floor two double bedroom Victorian conversion for sale on Woolstone Road. Offered chain free and with a share of the freehold.

The apartment comprises a spacious front reception room, a separate modern fitted kitchen with integrated appliances and a neutral bathroom suite, and two double bedrooms. Further benefits include an abundance of natural light, a crittall door separating the kitchen and hallway, a fireplace, double glazing, a dishwasher, gas central heating, and much more.

The property is situated approximately 0.7 miles from Forest Hill station, which offers excellent transport links to London Bridge, Victoria, Canada Water, Canary Wharf, Shoreditch, Whitechapel, Highbury & Islington, and many other locations. It is also just a short distance from various local amenities, including a variety of restaurants, coffee shops, cafés, and gastro pubs.

Viewings are highly recommended, call the Pedder Forest Hill Sales team to arrange a viewing.

Agent Details

Pedder, Forest Hill

020 3869 5048

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, SE23 2TG, £375,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

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