2 Bed Flat, Single Let, London, SE23 3LZ, £625,000

Devonshire Road, Forest Hill, SE23 3LZ - 3 views - 2 months ago

Leasehold
BTL
~76 m²
+9 photos

ValuationOvervalued

Sold Prices£250K - £620K
Sold Prices/m²£1.7K/m² - £9K/m²

 

 

Square Metres

~76.10 m²
Price/m²£8.2K/m²

Value Estimate

£487,307

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Total Cash In

£209,950

 

 

Cash Out

 

Rent Range

£1,500 - £3,300

Rent Estimate

£1,544

Running Costs/mo

£2,282

Cashflow/mo

£-738

Cashflow/yr

£-8,855

Gross Yield

3%

Local Sold Prices

50 sold prices from £250K to £620K, average is £402.5K. £1.7K/m² to £9K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£350K07/230.03 mi150c, Devonshire Road, London, Greater London SE23 3SZ2
£250K06/210.12 mi90a, Devonshire Road, London, Greater London SE23 3SX2
£485K02/230.13 miGround Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL2
£464K11/200.13 mi182c, Devonshire Road, London, Greater London SE23 3TB2
£312.5K04/230.13 miFlat C, 122, Devonshire Road, London, Greater London SE23 3SX2
£350K12/200.13 mi38b, Ewelme Road, London, Greater London SE23 3BH2
£556K12/200.19 mi3a, Dunoon Road, London, Greater London SE23 3TD2
£398.5K10/210.2 mi96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS2
£465K12/200.21 mi23b, Rockbourne Road, London, Greater London SE23 2DA2
£320K11/200.21 miFlat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ2
£435K12/200.22 mi232b, Devonshire Road, London, Greater London SE23 3TQ2
£387.5K12/210.24 mi38a, Rockbourne Road, London, Greater London SE23 2DD2
£405K03/210.27 mi53, Greystead Road, London, Greater London SE23 3SD2
£372.5K06/210.27 mi53b, Waldram Park Road, London, Greater London SE23 2PW2
£427.5K08/210.28 mi49a, Devonshire Road, London, Greater London SE23 3EN2
£315K09/210.29 mi24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS2
£322.5K06/230.3 miFlat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL2
£450K08/230.33 mi16, Firs Close, London, Greater London SE23 1BB2
£445K06/230.33 mi8, Grove Close, London, Greater London SE23 1AS2
£290K11/200.35 mi33b, Sunderland Road, London, Greater London SE23 2PS2
£400K12/200.36 mi76c, Honor Oak Road, London, Greater London SE23 3RR2
£595K06/230.39 miApartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD2
£373.3K07/230.41 mi172, Grierson Road, London, Greater London SE23 1NU2
£440K05/230.41 mi22a, Ackroyd Road, London, Greater London SE23 1DL2
£492K06/210.42 miGreenbury Cottage, 105b, Honor Oak Park, London, Greater London SE23 3LB2
£507.8K12/200.42 mi19a, Gabriel Street, London, Greater London SE23 1DW2
£345K03/230.43 miFlat 5, Plumpton Court, Brockley Park, London, Greater London SE23 1PX2
£335K04/230.43 mi14, Church Vale, London, Greater London SE23 2UW2
£485K04/210.43 mi65a, Colfe Road, London, Greater London SE23 2ES2
£340K07/230.44 mi184, Wood Vale, London, Greater London SE23 3EA2
£539K12/200.45 miFlat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP2
£390K03/230.46 mi20, Honor Oak Rise, London, Greater London SE23 3RA2
£375K09/210.48 mi24a, St Germans Road, London, Greater London SE23 1RJ2
£540K02/230.49 mi1a, Wyleu Street, London, Greater London SE23 1DU2
£375K06/210.49 miFlat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE2
£440K01/230.49 miGround Floor Flat, 33, Honor Oak Park, London, Greater London SE23 1DZ2
£513.9K07/230.5 mi5, Loxton Road, Forest Hill, London, Greater London SE23 2ET2
£620K04/210.51 mi107a, Wood Vale, London, Greater London SE23 3DT2
£365K03/210.51 mi85, Eliot Bank, London, Greater London SE23 3XD2
£450K06/230.51 mi18a, Honor Oak Park, London, Greater London SE23 1DY2
£376K05/210.52 mi42a, Kilmorie Road, London, Greater London SE23 2ST2
£455K02/230.53 mi62a, Westbourne Drive, London, Greater London SE23 2UN2
£350K06/230.53 miFlat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£332K12/200.53 miFlat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£300K02/210.53 miFlat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£366K09/230.53 miFlat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG2
£600K12/200.53 mi35b, Marmora Road, London, Greater London SE22 0RX2
£600K09/210.53 mi29b, Marmora Road, London, Greater London SE22 0RX2
£430K11/210.53 mi126c, Stondon Park, Forest Hill, London, Greater London SE23 1JS2
£600K03/210.53 mi23b, Marmora Road, London, Greater London SE22 0RX2

Local Rents

49 rents from £1.5K/mo to £3.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,10008/240 miDevonshire Road, Forest Hill, SE232
£1,85008/240 miDevonshire Road, London, SE232
£1,85008/240.02 miDevonshire Road, London, SE232
£1,82510/240.1 mi-2
£1,95008/240.11 miChurchwood Gardens, Honor Oak2
£1,65008/240.11 miDevonshire Road, London, SE232
£1,55008/240.11 miDevonshire Road, London, SE232
£1,55009/240.11 mi-2
£1,70003/250.11 mi-2
£1,60008/240.13 miDevonshire Road, Forest Hill, SE232
£1,70008/240.13 miHonor Oak Road, Forest Hill, London, SE232
£1,80009/240.13 mi-2
£1,75008/240.13 miLynfield Court, Devonshire Road, Forest Hill, SE232
£2,25008/240.14 miChurchwood Gardens, Forest Hill2
£2,20008/240.15 miChurchwood Gardens, Forest Hill2
£2,20008/240.15 miChurchwood Gardens, Forest Hill2
£2,20008/240.17 miHonor Oak Road, Honor Oak2
£1,95008/240.17 miChurchwood Gardens, Forest Hill, London, SE232
£2,20008/240.17 miChurchwood Gardens, Forest Hill, London, SE232
£1,65008/240.18 miDevonshire Road, Forest Hill, London, SE232
£2,20008/240.18 miChurchwood Gardens, Honor Oak2
£2,35008/240.2 miStanstead Road, London, SE232
£1,74608/240.2 miManor Way, Forest Hill, SE232
£1,50008/240.2 mi-2
£1,90011/240.2 mi-2
£1,80008/240.21 miThe Manor, Manor Way, London2
£2,50008/240.22 mi-2
£3,30003/250.22 mi-2
£2,90004/250.22 mi-2
£1,70003/250.22 mi-2
£1,65003/250.23 mi-2
£1,95009/240.23 mi-2
£1,95009/240.23 mi-2
£1,75008/240.24 miManor Mount, London, SE232
£2,00004/250.24 mi-2
£1,95008/240.24 miManor Mount, London, SE232
£1,95008/240.24 mi-2
£1,95012/240.25 mi-2
£1,98003/250.25 mi-2
£2,25008/240.25 miStanstead Road, London SE232
£2,00008/240.25 miStanstead Road, London SE232
£2,00008/240.25 miStanstead Road London SE232
£1,95008/240.25 miManor Mount, London, SE232
£1,85002/240.26 mi-2
£2,20008/240.26 miManor Mount, Forest Hill, London, SE232
£2,00008/240.26 miDevonshire Road, Forest Hill, SE232
£1,50008/240.27 miSunderland Road Forest Hill SE232
£1,82508/240.27 miCanonbie Road London SE232
£1,65008/240.27 miHorniman Drive, Forest Hill, London, SE232

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £625,000

March 8, 2025

Floor Plans

Description

  • Good Transport Links +
  • Quiet Residential Area +
  • Period Building +
  • In Between Honor Oak And Forest Hill +
  • High Ceilings Throughout +
  • Great Volume +
  • Over 800 Sqft +

The Property
A well presented timeless flat that has a host of original features and yet feels fresh in today's market. At over 800sqft, there is plenty of 'elbow room' and an abundance of natural light, mainly due to the large windows and high ceilings. The proportions are perfect and there is a lovely balance of space throughout. The flat is on the first floor and has two decently sized double bedrooms and a voluminous and spacious reception room. There is a separate WC as well as a bathroom/WC - great for sharers.

Flats like this rarely come up for sale and they tend be gobbled up quickly when they do go on the open market. This neighbourhood which sits between Honor Oak and Forest Hill has justifiably earned itself the reputation as a great place to live and/or invest. It is a peaceful and quiet residential area and yet you have train stations and amenities with less than 10 minute walk in each direction. The transport links from both Forest Hill and Honor Oak Park are superb, making commuting into central London very easy. The road network is also easily accessed, meaning roads such as the South Circular can whisk you around and out of London.

Early viewings recommended.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 26/09/2145

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering South East London

020 3840 3819

Next Steps?

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