2 Bed Flat, Single Let, London, SE13 5FB, £330,000

Bankwell Road, Lewisham, London, SE13 5FB - 1 views - 2 months ago

Leasehold

Auction

BTL

ROI: 3%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£205K - £725K
Sold Prices/m²	£4.7K/m² - £10.3K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£402,600£402,600
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£21,700£21,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,550 - £2,500£1,550 - £2,500
Rent Estimate	£1,631
Running Costs/mo	£1,377£1,377
Cashflow/mo	£254£254
Cashflow/yr	£3,043£3,043
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £205K to £725K, average is £397.5K. £4.7K/m² to £10.3K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£340K	10/23	0.09 mi	39a, Boone Street, London, Greater London SE13 5SE	£5,181	66	2	Flat
£325K	04/21	0.15 mi	15, Dacre Park, London, Greater London SE13 5SQ	£5,047	64	2	Flat
£395K	11/20	0.18 mi	15b, Glenton Road, London, Greater London SE13 5RS	£7,182	55	2	Flat
£325K	09/21	0.18 mi	33a, Glenton Road, London, Greater London SE13 5RS	-	-	2	Flat
£295K	04/21	0.24 mi	Flat 7, Lee Court, Lee High Road, London, Greater London SE13 5PE	-	-	2	Flat
£370.5K	03/23	0.25 mi	21, Northbrook Road, London, Greater London SE13 5QT	-	-	2	Flat
£303K	10/21	0.25 mi	18, Celestial Gardens, London, Greater London SE13 5RP	-	-	2	Flat
£324K	12/20	0.25 mi	11, Celestial Gardens, Lewisham, London, Greater London SE13 5RP	£6,022	54	2	Flat
£690K	02/21	0.27 mi	240b, Dacre Park, London, Greater London SE13 5DD	-	-	2	Flat
£337K	02/21	0.27 mi	17, Eton Grove, London, Greater London SE13 5BY	£5,912	57	2	Flat
£362K	03/23	0.28 mi	Flat 7, Riverside Court, Lee Road, London, Greater London SE3 9DG	-	-	2	Flat
£651.5K	06/21	0.29 mi	27, Lock Chase, London, Greater London SE3 9HB	£7,320	89	2	Flat
£435K	04/23	0.3 mi	3, Dacre Place, London, Greater London SE13 5DJ	£7,909	55	2	Flat
£650K	12/20	0.3 mi	55, Belmont Park, London, Greater London SE13 5BW	£7,222	90	2	Flat
£540.5K	11/23	0.3 mi	14a, Church Terrace, London, Greater London SE13 5BT	£5,630	96	2	Flat
£625K	03/23	0.3 mi	14c, Church Terrace, London, Greater London SE13 5BT	£6,010	104	2	Flat
£685K	07/23	0.31 mi	60, Lee Park, Blackheath, London, Greater London SE3 9HZ	£10,316	66	2	Flat
£443.5K	06/21	0.32 mi	9, Haynes Close, London, Greater London SE3 9UA	£7,392	60	2	Flat
£475K	06/21	0.32 mi	8, Haynes Close, London, Greater London SE3 9UA	£7,917	60	2	Flat
£405K	12/23	0.33 mi	Flat 8, Park View, Weardale Road, London, Greater London SE13 5FG	-	-	2	Flat
£410K	02/21	0.36 mi	3, Haynes Close, London, Greater London SE3 9UA	£6,308	65	2	Flat
£314.6K	08/21	0.39 mi	Flat 29, Chesney House, Mercator Road, London, Greater London SE13 5EJ	-	-	2	Flat
£400K	05/21	0.4 mi	75b, Gilmore Road, London, Greater London SE13 5AB	-	-	2	Flat
£385K	03/21	0.43 mi	Flat 48, Paynell Court, Lawn Terrace, London, Greater London SE3 9LN	-	-	2	Flat
£370K	11/20	0.45 mi	123, Carston Close, London, Greater London SE12 8DX	£5,606	66	2	Flat
£434K	06/21	0.45 mi	272, Leahurst Road, London, Greater London SE13 5LT	-	-	2	Flat
£413K	11/23	0.45 mi	Flat B, 300, Leahurst Road, London, Greater London SE13 5LT	-	-	2	Flat
£725K	05/23	0.45 mi	Flat 15, Spangate, Blackheath Park, London, Greater London SE3 9RS	-	-	2	Flat
£500K	04/23	0.46 mi	156a, Manor Lane, London, Greater London SE12 8LP	£6,410	78	2	Flat
£490K	01/21	0.46 mi	144a, Manor Lane, London, Greater London SE12 8LP	£6,125	80	2	Flat
£353K	04/21	0.47 mi	5, Dermody Gardens, London, Greater London SE13 5HG	£5,269	67	2	Flat
£633K	09/23	0.47 mi	11a, The Glebe, London, Greater London SE3 9TQ	£8,013	79	2	Flat
£345K	10/23	0.47 mi	11, Prendergast Road, London, Greater London SE3 9LR	£5,750	60	2	Flat
£205K	11/21	0.48 mi	81, Burnt Ash Road, London, Greater London SE12 8RF	-	-	2	Flat
£367K	06/21	0.48 mi	45a, Burnt Ash Road, London, Greater London SE12 8RF	£6,117	60	2	Flat
£350K	06/23	0.48 mi	79, Burnt Ash Road, London, Greater London SE12 8RF	£5,000	70	2	Flat
£380K	12/20	0.48 mi	45, Prendergast Road, London, Greater London SE3 9LS	£6,230	61	2	Flat
£415K	03/21	0.48 mi	13, Glebe Court, London, Greater London SE3 9TH	£7,281	57	2	Flat
£330K	06/21	0.5 mi	31, Carston Close, London, Greater London SE12 8DY	£4,783	69	2	Flat
£511K	11/20	0.51 mi	Flat 1, Selwyn Court, Blackheath Village, London, Greater London SE3 9SZ	£7,742	66	2	Flat
£333K	12/20	0.52 mi	Flat B, 142, Courthill Road, London, Greater London SE13 6DR	£6,660	50	2	Flat
£303K	02/21	0.52 mi	141a, Courthill Road, London, Greater London SE13 6DR	£5,316	57	2	Flat
£410K	02/21	0.52 mi	136a, Courthill Road, London, Greater London SE13 6DR	£6,811	60	2	Flat
£365K	11/23	0.52 mi	First Floor Flat, 132, Courthill Road, London, Greater London SE13 6DR	£6,186	59	2	Flat
£430K	10/23	0.52 mi	Lower Flat, 12, Ennersdale Road, London, Greater London SE13 6JD	£6,825	63	2	Flat
£405K	12/20	0.53 mi	Lower Flat, 12, Ennersdale Road, London, Greater London SE13 6JD	£6,429	63	2	Flat
£245K	02/23	0.53 mi	4a, Marischal Road, London, Greater London SE13 5LG	-	-	2	Flat
£435K	12/23	0.53 mi	Flat B, 49, Ennersdale Road, London, Greater London SE13 6JE	-	-	2	Flat
£340K	02/23	0.54 mi	88, Knowles Hill Crescent, London, Greater London SE13 6DS	£4,658	73	2	Flat
£435K	02/21	0.55 mi	63, Nightingale Grove, London, Greater London SE13 6ER	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,746	08/24	0.02 mi	Zinc Building, Lewisham, SE13	2	Flat
£1,900	08/24	0.05 mi	Lee High Road, Lee	2	Flat
£1,800	09/24	0.06 mi	-	2	Flat
£1,950	08/24	0.06 mi	Boone Street, Lewisham, London, SE13	2	Terraced House
£1,550	11/24	0.07 mi	-	2	Flat
£1,750	08/24	0.09 mi	Boone Street, Lewisham, SE13	2	Flat
£2,250	02/25	0.09 mi	-	2	Flat
£2,100	03/25	0.09 mi	-	2	Flat
£1,750	04/25	0.1 mi	-	2	Flat
£1,650	09/24	0.11 mi	-	2	Flat
£1,650	08/24	0.11 mi	Alpine Court, London, SE12	2	Flat
£1,900	08/24	0.13 mi	Lenham Road, Lee, London, SE12	2	Flat
£2,500	01/25	0.13 mi	-	2	Semi-Detached House
£2,300	02/25	0.13 mi	-	2	Semi-Detached House
£2,400	04/25	0.13 mi	-	2	Flat
£1,600	08/24	0.15 mi	Boone Street, Lewisham	2	Flat
£1,900	08/24	0.15 mi	Lee High Road, London	2	Flat
£2,000	09/24	0.17 mi	-	2	Flat
£2,000	08/24	0.17 mi	-	2	Flat
£1,795	12/24	0.19 mi	-	2	Flat
£2,200	08/24	0.19 mi	Becquerel Court, West Parkside, Greenwich, SE10	2	Flat
£2,400	08/24	0.19 mi	Bessemer Place, Greenwich, LONDON, SE10	2	Flat
£2,000	08/24	0.19 mi	West Parkside , Greenwich, London, SE10	2	Flat
£2,000	08/24	0.19 mi	Metcalfe Court, John Harrison Way, LONDON, SE10	2	Flat
£1,650	08/24	0.19 mi	Fenn Mansions, 20 Love Lane, Woolwich, SE18	2	Flat
£1,900	08/24	0.19 mi	Metcalfe Court, John Harrison Way, LONDON, SE10	2	Flat
£2,200	08/24	0.19 mi	West Parkside, Greenwich, London, SE10	2	Flat
£1,700	04/25	0.19 mi	-	2	Flat
£1,750	12/24	0.2 mi	-	2	Flat
£2,000	11/24	0.23 mi	-	2	Flat
£1,850	04/25	0.24 mi	-	2	Flat
£1,750	08/24	0.24 mi	Hedgley Mews Lee SE12	2	Flat
£2,200	08/24	0.25 mi	Brandram Road, Lewisham, London, SE13	2	Flat
£1,800	04/25	0.25 mi	-	2	Flat
£1,800	08/24	0.25 mi	Brandram Road Lewisham SE13	2	Flat
£2,495	08/24	0.25 mi	Dacre Park, London, SE13	2	Flat
£1,800	04/25	0.26 mi	-	2	Flat
£2,150	08/24	0.26 mi	Manor Park, Lewisham, SE13	2	Flat
£1,850	08/24	0.26 mi	Manor Park, Lee	2	Flat
£1,750	02/24	0.26 mi	-	2	House
£1,800	08/24	0.26 mi	Celestial Gardens, Lewisham, London, SE13	2	Flat
£1,750	08/24	0.26 mi	Halley Gardens, London, SE13	2	Flat
£2,000	12/24	0.27 mi	-	2	Flat
£1,900	09/24	0.27 mi	Manor Park, Hither Green, London, SE13	2	Flat
£1,850	02/24	0.27 mi	-	2	Flat
£2,200	08/24	0.28 mi	Lee Road, London	2	Flat
£1,750	08/24	0.29 mi	Lock Chase London SE3	2	Flat
£1,750	08/24	0.29 mi	Halley Gardens, Lewisham, SE13	2	Flat
£1,850	10/24	0.3 mi	-	2	Flat
£1,900	08/24	0.3 mi	Lee Road,London,SE3	2	Flat

Local Area Statistics

Population in SE13	40,84840,848
Population in London	4,771,9214,771,921
Town centre distance	6.76 miles away6.76 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £330,000

March 5, 2025

Floor Plans

Description

For sale via Auction - Prior Auction purchase available +
Fantastic two bedroom second floor flat +
Close proximity to Manor House Gardens +
Large reception and open-plan kitchen with space to dine +
Two stylish good-sized bedrooms +
Generous modern bathroom +
Private balcony +
Good transport links +

A contemporary two bedroom flat that boasts bright living space, a modern kitchen and reception room with plenty of space for entertaining, with large sliding doors to the balcony which allow in plenty of natural light.

This secure residential building is nearby to many amenities, including the centre of Blackheath with many shops and restaurants, as well as both Hither Green and Blackheath railway station for good links to central London.

Please use the reference CHPK3637572 when contacting Foxtons.

Agent Details

Foxtons, Blackheath

020 3834 8685

Next Steps?

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

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