2 Bed Flat, Single Let, London, SE11 5QH, £450,000

Black Prince Road, London, SE11 5QH - 20 days ago

Leasehold

BTL

ROI: 3%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£275.5K - £1.4M
Sold Prices/m²	£5.9K/m² - £12.6K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£540,000£540,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£33,700£33,700
Total Cash In	£146,200£146,200

Cash Out
Rent Range	£2,000 - £5,200£2,000 - £5,200
Rent Estimate	£2,200
Running Costs/mo	£1,866£1,866
Cashflow/mo	£334£334
Cashflow/yr	£4,005£4,005
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £275.5K to £1.4M, average is £542.8K. £5.9K/m² to £12.6K/m², average is £8.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	12/20	0.08 mi	Flat 11, Mountain House, Tyers Street, London, Greater London SE11 5NN	-	-	2	Flat
£450K	10/20	0.08 mi	Flat 17, Mountain House, Tyers Street, London, Greater London SE11 5NN	-	-	2	Flat
£500K	04/21	0.08 mi	Flat 52, Mountain House, Tyers Street, London, Greater London SE11 5NW	-	-	2	Flat
£435K	06/21	0.08 mi	Flat 7, Arden House, Black Prince Road, London, Greater London SE11 5QH	-	-	2	Flat
£455K	05/21	0.11 mi	Flat 43, Arrowsmith House, Tyers Street, London, Greater London SE11 5HB	-	-	2	Flat
£555K	12/20	0.13 mi	Flat 9, Trevose House, Orsett Street, London, Greater London SE11 5PN	-	-	2	Flat
£555K	12/20	0.13 mi	Flat 9, Trevose House, Orsett Street, London, Greater London SE11 5PN	-	-	2	Flat
£468K	12/21	0.17 mi	Flat 60, Arne House, Tyers Street, London, Greater London SE11 5EZ	-	-	2	Flat
£275.5K	04/21	0.21 mi	Flat 80, Ward Point, Hotspur Street, London, Greater London SE11 6UE	-	-	2	Flat
£337.5K	01/21	0.21 mi	Flat 15, Duffell House, Loughborough Street, London, Greater London SE11 5PX	-	-	2	Flat
£460K	01/23	0.23 mi	Flat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL	-	-	2	Flat
£415K	02/23	0.24 mi	Flat 31, Darley House, Laud Street, London, Greater London SE11 5HW	-	-	2	Flat
£535K	06/21	0.32 mi	Flat 26, Kenneth Court, Kennington Road, London, Greater London SE11 6SS	-	-	2	Flat
£675K	12/22	0.34 mi	315a, Kennington Road, London, Greater London SE11 4QE	-	-	2	Flat
£427K	02/21	0.37 mi	Flat 141, Wedgwood House, Lambeth Walk, London, Greater London SE11 6LP	-	-	2	Flat
£780K	06/21	0.39 mi	26b, Methley Street, Kennington, London, Greater London SE11 4AJ	-	-	2	Flat
£311.5K	09/23	0.4 mi	Flat 56, Fairford House, Kennington Lane, London, Greater London SE11 4HR	-	-	2	Flat
£540K	08/23	0.4 mi	29, Methley Street, Kennington, London, Greater London SE11 4AL	£6,557	82	2	Flat
£675K	07/23	0.4 mi	115a, Kennington Lane, London, Greater London SE11 4HQ	£8,332	81	2	Flat
£928K	07/23	0.4 mi	Flat 24, Oval Mansions, Kennington Oval, London, Greater London SE11 5SQ	-	-	2	Flat
£790K	08/23	0.4 mi	Flat 44, Oval Mansions, Kennington Oval, London, Greater London SE11 5SQ	-	-	2	Flat
£542.8K	05/23	0.4 mi	Flat 39, Vanbrugh Court, Wincott Street, London, Greater London SE11 4NS	-	-	2	Flat
£620K	06/21	0.41 mi	34a, Ravensdon Street, London, Greater London SE11 4AR	£9,254	67	2	Flat
£473K	06/21	0.42 mi	Flat 45, Kilner House, Clayton Street, London, Greater London SE11 5SE	-	-	2	Flat
£723.8K	07/21	0.45 mi	4, Radcot Street, London, Greater London SE11 4AH	-	-	2	Flat
£350K	03/23	0.46 mi	Flat 45, Hornby House, Clayton Street, London, Greater London SE11 5DB	-	-	2	Flat
£390K	01/21	0.46 mi	Flat 39, Lohmann House, Kennington Oval, London, Greater London SE11 5BU	-	-	2	Flat
£390K	06/21	0.46 mi	Flat 4, Lohmann House, Kennington Oval, London, Greater London SE11 5BU	-	-	2	Flat
£370K	01/23	0.46 mi	Flat 44, Lohmann House, Kennington Oval, London, Greater London SE11 5BX	-	-	2	Flat
£367K	04/23	0.46 mi	Flat 71, Lohmann House, Kennington Oval, London, Greater London SE11 5BX	-	-	2	Flat
£720K	12/22	0.5 mi	Flat 15, Morland House, Marsham Street, London, Greater London SW1P 4JQ	-	-	2	Flat
£430K	06/23	0.51 mi	Flat 5, Wisden House, Meadow Road, London, Greater London SW8 1NA	-	-	2	Flat
£315K	03/23	0.52 mi	Flat 25, Park Mansions, South Lambeth Road, London, Greater London SW8 1TP	-	-	2	Flat
£1.4M	06/23	0.53 mi	Flat 47, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	2	Flat
£1.3M	01/24	0.54 mi	Westminster Gardens, Flat 12, Marsham Street, London, Greater London SW1P 4JA	£12,619	105	2	Flat
£360.5K	11/21	0.55 mi	Flat 28, Lockwood House, Kennington Oval, London, Greater London SE11 5SZ	-	-	2	Flat
£637.5K	01/21	0.55 mi	Flat 19, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£645K	06/23	0.55 mi	Flat 27, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.55 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.55 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£712.5K	11/20	0.56 mi	Flat 6, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£710K	03/21	0.56 mi	Flat 3, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£620K	12/22	0.56 mi	16, Kennington Park Place, London, Greater London SE11 4AS	-	-	2	Flat
£440K	02/23	0.57 mi	Second Floor Flat, 80, Meadow Road, London, Greater London SW8 1PP	£10,233	43	2	Flat
£450K	12/20	0.58 mi	5, Dante Road, London, Greater London SE11 4RB	£5,921	76	2	Flat
£800K	01/23	0.59 mi	Flat 36, Lawrence House, Cureton Street, London, Greater London SW1P 4ED	-	-	2	Flat
£585K	06/21	0.6 mi	4, Ambergate Street, London, Greater London SE17 3RX	-	-	2	Flat
£800K	10/20	0.61 mi	Flat 27, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£1.1M	06/21	0.61 mi	Flat 57, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£780K	09/23	0.61 mi	Flat 40, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£720K	05/21	0.61 mi	Flat 11, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat

Local Rents

48 rents from £2K/mo to £5.2K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,800	09/24	0.05 mi	-	2	Flat
£2,600	08/24	0.06 mi	Palm House, 70 Sancroft Street, Vauxhall	2	Flat
£2,200	08/24	0.07 mi	Tyers Street, SE11 5NW	2	Flat
£2,800	08/24	0.1 mi	Gibson Road, SE11, Kennington, London, SE11	2	Flat
£2,800	08/24	0.1 mi	Vauxhall Walk, Vauxhall, London, SE11	2	Flat
£2,250	11/24	0.1 mi	-	2	Flat
£2,200	08/24	0.11 mi	Black Prince Road Kennington SE11	2	Flat
£2,500	09/24	0.13 mi	-	2	Flat
£5,000	08/24	0.14 mi	Cabanel Place, Kennington, SE11	2	Flat
£2,817	12/24	0.15 mi	9 Albert Embankment, Nine Elms, London, SE1	2	Flat
£2,800	08/24	0.15 mi	Gibson Road, London, SE11	2	Flat
£2,925	12/24	0.16 mi	4 Salamanca Place,Vauxhall, London, SE1	2	Flat
£2,799	08/24	0.16 mi	Parliament House, 81 Black Prince Road, Vauxhall London, SE1	2	Flat
£2,708	08/24	0.16 mi	Parliament House, 81 Black Prince Road, Vauxhall, London, SE1	2	Flat
£3,200	12/24	0.16 mi	Black Prince Road, London, SE1	2	Flat
£3,000	09/24	0.16 mi	-	2	Flat
£2,799	08/24	0.16 mi	Black Prince Road, London, SE1	2	Flat
£3,000	08/24	0.16 mi	Parliament House, Kennington, London, SE1	2	Flat
£3,450	08/24	0.16 mi	-	2	Flat
£2,850	01/25	0.16 mi	-	2	Flat
£2,750	01/25	0.16 mi	-	2	Flat
£2,895	01/25	0.16 mi	-	2	Flat
£3,033	12/24	0.16 mi	Parliament House, 81 Black Prince Road, Vauxhall, London SE1	2	Flat
£3,250	12/24	0.16 mi	Parliament House, 81 Black Prince Road, SE1	2	Flat
£2,200	12/24	0.16 mi	-	2	Flat
£3,250	12/24	0.16 mi	Black Prince Road, Parliament House	2	Flat
£2,800	08/24	0.16 mi	Black Prince Road, London, SE1	2	Flat
£3,142	12/24	0.16 mi	Parliament House, 81 Black Prince Road	2	Flat
£3,250	08/24	0.16 mi	Black Prince Road, Albert Embankment, London, SE1	2	Flat
£2,708	08/24	0.16 mi	Cabanel Place, Baylis Old School, Kennington, Nine Elms, SE11	2	Flat
£2,700	08/24	0.17 mi	Black Prince Road, Lambeth, London, SE1	2	Flat
£2,700	08/24	0.17 mi	Black Prince Road London SE1	2	Flat
£2,450	11/24	0.17 mi	-	2	Flat
£3,033	08/24	0.17 mi	Black Prince Road, London, SE1	2	Flat
£2,297	08/24	0.17 mi	Gibson Rd ( heating and hot water bills included)	2	Flat
£3,100	08/24	0.17 mi	Gibson Road, London, SE11	2	Flat
£2,550	08/24	0.18 mi	Tyers Terrace Kennington	2	House
£2,000	08/24	0.18 mi	Gibson Road, London, SE11 6PT	2	Flat
£5,200	08/24	0.18 mi	Merano Residences, 30 Albert Embankment, Albert Embankment, London, SE1	2	Flat
£4,983	08/24	0.18 mi	Merano Residences, Albert Embankment, SE1	2	Flat
£2,600	08/24	0.19 mi	Albert Embankment, Vauxhall, London, SE1	2	Flat
£2,500	09/24	0.19 mi	-	2	Flat
£2,800	08/24	0.19 mi	Lollard Street, London, SE11	2	Flat
£2,400	02/24	0.2 mi	-	2	Flat
£5,000	08/24	0.2 mi	Merano Residences, 30 Albert Embankment, SE1	2	Flat
£2,249	08/24	0.2 mi	Courtenay Street, SE11	2	Flat
£5,100	08/24	0.2 mi	Merano Apartments, Albert Embankment, London, SE1	2	Flat
£5,000	12/24	0.21 mi	-	2	Flat

Local Area Statistics

Population in SE11	21,58921,589
Population in London	4,771,9214,771,921
Town centre distance	2.64 miles away2.64 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £450,000

March 5, 2025

Floor Plans

Description

Two Double Bedrooms +
Available To Move Straight In +
Third Floor +
Refurbished +
Great Transport Links +
0.1 Miles From The River Thames +
Great Condition +
Energy Efficiency Rating: E +

Guide Price £450,000 - £475,000

Completely Stunning two bedroom apartment on the ever popular Black Prince Road positioned between Kennington Road and Albert Embankment. Just 0.1 miles from the River Thames.

This third floor apartment comprises of two double bedrooms, spacious lounge/kitchen diner, bathroom and storage. The apartment is available in April and comes furnished, and is in a great condition so ready to go. The kitchen comes complete with integrated appliances offering that minimalistic stylish look.

The apartment is within a mile of both the eagerly anticipated Nine Elms Regeneration to the west and the Elephant & Castle Regeneration to the south east. Three zone 1 tube stations (Vauxhall, Lambeth North & Elephant & Castle) are nearby while Kennington (zone 2, 0.6 of a mile south east) splits the Northern Line to head into both sides of the city. The apartment is walking distance from various feature landmarks/amenities, such as - Southbank, The National Theatre, The New/Old Vic Theatres, The Tate Britain/Tate Modern Galleries, Westminster Abbey/Big Ben/Parliament Square, and the London Eye to name just a few and those looking to walk to work will be pleased to know they can wander across Lambeth Bridge within 0.5 of a mile!

Annual Service Charge: £1,300
Annual Ground Rent: £10
Council Tax Band: B
Energy Efficiency Rating: E

Agent Details

Acorn, Kennington

020 7123 8490

Next Steps?

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

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