3 Bed Flat, Single Let, London, SE23 3JJ, £650,000

Noel Terrace, Forest Hill, SE23 3JJ - a month ago

Leasehold
BTL
~124 m²
+18 photos

ValuationFair Value

Sold Prices£280K - £735K
Sold Prices/m²£3.3K/m² - £8.6K/m²

 

 

Square Metres

~124.46 m²
Price/m²£5.2K/m²

Value Estimate

£642,671

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£56,200

Total Cash In

£218,700

 

 

Cash Out

 

Rent Range

£1,600 - £4,500

Rent Estimate

£1,831

Running Costs/mo

£2,417

Cashflow/mo

£-586

Cashflow/yr

£-7,037

Gross Yield

3%

Local Sold Prices

50 sold prices from £280K to £735K, average is £415K. £3.3K/m² to £8.6K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£347K09/230.06 miFlat 15, Perystreete, Perry Vale, London, Greater London SE23 2LF3
£322.5K01/230.18 miFlat 26, Valentine Court, Perry Vale, London, Greater London SE23 2JA3
£532K03/210.21 miFlat 25, Taymount Grange, Taymount Rise, London, Greater London SE23 3UH3
£350K09/210.22 miFlat 90, Valentine Court, Perry Vale, London, Greater London SE23 2LL3
£425K07/230.26 miFlat 51, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN3
£365K03/210.26 miFlat 36, Forest Croft, Taymount Rise, London, Greater London SE23 3UN3
£724.5K04/210.31 mi35, Manor Mount, London, Greater London SE23 3PY3
£510K12/200.36 mi9b, Aylward Road, London, Greater London SE23 2JE3
£518K05/210.37 mi102a, Devonshire Road, London, Greater London SE23 3SX3
£438K03/230.46 miFlat 8, Dunton Court, Sydenham Hill, London, Greater London SE23 3PJ3
£375K01/210.46 miFlat 42, Attleborough Court, Sydenham Hill, London, Greater London SE23 3PL3
£493K10/200.51 mi4a, Fransfield Grove, London, Greater London SE26 6BA3
£625K06/210.52 mi15, Fransfield Grove, London, Greater London SE26 6BA3
£635K03/210.53 mi2, Cranston Road, London, Greater London SE23 2HB3
£507.5K12/200.55 mi46, Peak Hill, London, Greater London SE26 4LR3
£470K09/210.55 mi65, Peak Hill, London, Greater London SE26 4NS3
£525K06/230.55 mi144, Kilmorie Road, London, Greater London SE23 2SR3
£495K09/210.58 mi18, Kinver Road, London, Greater London SE26 4NT3
£622.8K04/210.58 mi9a, Wood Vale, London, Greater London SE23 3DS3
£320K07/230.59 miFlat 2, Farley House, Sydenham Hill, London, Greater London SE26 6LR3
£465K03/230.62 mi90a, Elsinore Road, London, Greater London SE23 2SN3
£375K09/230.62 mi31, Wells Park Road, London, Greater London SE26 6JQ3
£374.8K02/230.62 mi67, Wells Park Road, London, Greater London SE26 6JQ3
£350K11/200.62 miFlat 8, Dundry House, Sydenham Hill, London, Greater London SE26 6LP3
£350K06/210.63 mi33, Wells Park Road, London, Greater London SE26 6JQ3
£387K10/200.63 mi29, Wells Park Road, London, Greater London SE26 6JQ3
£640K12/200.64 mi13, Peak Hill Avenue, London, Greater London SE26 4LG3
£647K11/200.65 mi20a, Longton Grove, London, Greater London SE26 6QE3
£662.5K10/200.65 mi16a, Longton Grove, London, Greater London SE26 6QE3
£465K04/210.65 mi5a, Niederwald Road, London, Greater London SE26 4AD3
£305K03/210.67 miFlat 6, Woodbury House, Sydenham Hill, London, Greater London SE26 6AW3
£500K04/210.68 miFirst Floor Flat, 18, Hurstbourne Road, London, Greater London SE23 2AB3
£330K06/210.69 mi50, Peters Path, London, Greater London SE26 6LE3
£317K06/230.71 miFlat 5, Cissbury House, Sydenham Hill, London, Greater London SE26 6TS3
£325K02/210.71 miFlat 2, Cissbury House, Sydenham Hill, London, Greater London SE26 6TS3
£315K11/210.71 miFlat 5, Pendle House, Sydenham Hill, London, Greater London SE26 6AL3
£370K05/210.74 mi7, Peters Path, London, Greater London SE26 6LD3
£660K12/200.76 mi3a, Woolstone Road, London, Greater London SE23 2TR3
£382.5K02/210.78 miFlat 2, Stanyhurst, Stanstead Road, Forest Hill, London, Greater London SE23 1JA3
£735K07/230.79 mi148b, Wood Vale, London, Greater London SE23 3EB3
£420K09/230.8 mi6a, Hall Drive, London, Greater London SE26 6XB3
£485K11/200.81 miFlat 18, Bath Court, Droitwich Close, London, Greater London SE26 6TW3
£410K10/200.82 miFlat 7, Mcleod Court, Dulwich Common, London, Greater London SE22 8NS3
£317.5K02/210.84 mi8, Polecroft Lane, London, Greater London SE6 4EF3
£280K06/210.84 mi48, Polecroft Lane, London, Greater London SE6 4EF3
£305K06/210.84 mi26, Polecroft Lane, London, Greater London SE6 4EF3
£410K01/230.84 mi1a, Lawrie Park Avenue, London, Greater London SE26 6HA3
£575K01/210.85 mi37b, Boveney Road, London, Greater London SE23 3NP3
£345K07/210.86 mi356, Wood Vale, London, Greater London SE23 3DY3
£360K06/210.86 mi362, Wood Vale, London, Greater London SE23 3DY3

Local Rents

49 rents from £1.6K/mo to £4.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,25008/240.09 miCentury Yard, Forest Hill, SE233
£1,60008/240.1 miPerry Vale, Forest Hill, SE233
£2,50008/240.12 mi-3
£2,30008/240.14 miHindsleys Place London SE233
£2,75008/240.15 miDacres Road, Forest Hill, London, SE233
£3,50008/240.18 miHavelock Walk, London, SE233
£3,50008/240.18 mi-3
£2,00002/240.19 mi-3
£2,65003/250.2 mi-3
£2,10008/240.22 miTaymount Rise, London, SE233
£2,95008/240.23 mi-3
£2,80008/240.27 miTaymount Rise, Forest Hill, London, SE233
£2,19508/240.28 miBroadmead, London, SE63
£2,55012/240.28 mi-3
£2,75009/240.28 mi-3
£2,85004/250.28 mi-3
£2,75008/240.28 miHennel Close, London, SE233
£2,40008/240.3 miManor Mount London SE233
£1,87512/240.3 mi-3
£2,39508/240.3 miGrizedale Terrace, London, SE233
£2,35002/240.36 mi-3
£2,35002/240.36 mi-3
£1,80008/240.38 miMoore House, Willow Way, Sydenham, SE263
£3,40008/240.39 miCheseman Street, London, SE263
£3,40008/240.39 miCheseman Street London SE263
£2,45011/240.42 mi-3
£2,40003/250.42 mi-3
£2,10008/240.43 mi-3
£2,50012/240.43 mi-3
£2,30008/240.44 miMount Ash Road, Sydenham, SE263
£2,00008/240.46 miAttleborough Court, Sydenham Hill, London, SE233
£2,50008/240.46 miSydenham Park, London, SE263
£2,70008/240.46 miSydenham Park, London, SE263
£2,10008/240.46 miSydenham Hill, Sydenham Hill, London, SE233
£2,10008/240.46 miSydenham Hill London SE233
£3,00008/240.47 miSydenham Park Road, London, SE263
£3,15009/240.47 mi-3
£3,85004/250.47 mi-3
£2,57508/240.48 mi33-39 Beadnell Road London SE233
£3,05008/240.48 miBeadnell Road London SE233
£1,85008/240.48 miPerry Vale, London, SE233
£2,25008/240.48 miColfe Road, London, SE233
£2,20004/250.51 mi-3
£2,75008/240.54 miHorniman Drive, London, SE233
£2,69508/240.55 miPerry Rise, London, SE233
£2,20001/250.57 mi-3
£2,60008/240.57 mi-3
£2,40001/250.6 mi-3
£4,50008/240.6 miVancouver road, SE233

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.65 miles away

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £650,000

March 10, 2025

Floor Plans

Description

Supersized and sensitively-renovated pad of 1340 square feet, on the third (top) floor of a very-Victorian purpose-built apartment block.

In current set-up, you have three double bedrooms and three reception spaces, but it is all very flexible: one could easily divide off the current double-reception room, and in doing so create a four bedroom flat.

The location is a tucked-away spot, just a four minute walk from Forest Hill Station (Fare Zone 3) and delightful town centre, close to really good schools.

Two communal stairwells accessed from main doors at the front and rear of the building provide two access points to the apartment (which was once two properties).

Open your own front door and from the hall, first on your left, you have your formal double reception - more commonly seen in a house. Taken as a whole, this measures over 22 feet by over 13 feet. The double-aspect ensures great light. Windows are smart double-glazed sashes, as throughout the property. Beautiful engineered wooden flooring impresses, as does built-in bookshelving to three alcoves.

Next up is your generous open-plan kitchen/diner, which runs 28 feet by over 11 feet. Again, a dual-aspect is the order of the day. The modern fitted kitchen has slick dark grey gloss fitted units, and integrated appliances (which are included in the sale).

Head back to the hall for your opening to the east wing! First find two big double bedrooms - of over 13 feet by over 11 feet, and over 13 feet by over 10. The larger of the two has fab far-reaching views south.

Then from the corridor you have a plumbed utility cupboard, and your smart sash-windowed shower room sits next door (traditional-style sanitary ware and fittings feat. here).

Next door to this is an additional bonus w.c. (super handy for when the shower room is occupied), then finally, you have bedroom three: a double-aspect double, of over 16 feet by over 11 feet.

What a find, and what a spot! A massive period home which future-proofs so many scenarios, and which represents serious bang for your buck, in a great location which puts you close to Forest Hill's pool/gym and Victorian public library, and to all the town centre's shops, restaurants, cafes, pubs and services.

Locally, you have loads of green space to explore and enjoy: examples are Horniman Gardens, One Tree Hill, Mayow Park, Sydenham Woods, Dacres' Wood and Devonshire Road nature reserves, plus Albion Millennium Green.

Forest Hill has a buzzy, friendly, and easy to navigate centre, with a large Sainsbury's store and plenty of pleasing independent offerings besides; including a brilliant free range butcher (Henwen's) and multiple cute cafes/coffee shops - we particularly rate St David Coffee House. The Sylvan Post is one of a handful of strong 'locals' - a quirky real ale place with good food in an old Post Office building. We like Big Cheeks for Thai and Bona for pizza. Up on Kirkdale, we like The Moustache cafe/bar.

Your neighbouring walkable town centres are Sydenham, Honor Oak and East Dulwich. Bus or cycle to Peckham, Camberwell and beyond.

Agent Details

Munday's, London

020 3909 6611

Next Steps?

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