3 Bed Flat, Planning Permission, London, SE23 3PL, £375,000

Sydenham Hill, London, , SE23 3PL - a month ago

Leasehold
Planning
ROI: 4%
~93 m²
+14 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Total Cash In

£119,950

 

 

Cash Out

 

Rent Range

£1,600 - £6,500

Rent Estimate

£2,000

Running Costs/mo

£1,592

Cashflow/mo

£408

Cashflow/yr

£4,898

ROI

4%

Gross Yield

6%













Local Rents

51 rents from £1.6K/mo to £6.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,10008/240.03 miSydenham Hill London SE233
£2,10008/240.03 miSydenham Hill, Sydenham Hill, London, SE233
£2,00008/240.03 miAttleborough Court, Sydenham Hill, London, SE233
£2,39508/240.18 miGrizedale Terrace, London, SE233
£2,80008/240.22 miTaymount Rise, Forest Hill, London, SE233
£2,40001/250.23 mi-3
£2,10008/240.28 miTaymount Rise, London, SE233
£2,95008/240.3 mi-3
£2,50008/240.32 miUnderhill Road, East Dulwich3
£2,30008/240.34 miMount Ash Road, Sydenham, SE263
£2,05008/240.39 miDulwich Common East Dulwich SE223
£2,60008/240.4 miLordship Lane, London3
£3,40008/240.4 miCheseman Street, London, SE263
£2,50008/240.41 miMelford Road, London, SE223
£2,40008/240.41 miManor Mount London SE233
£3,40008/240.43 miCheseman Street London SE263
£2,25008/240.44 miCentury Yard, Forest Hill, SE233
£3,50008/240.46 mi-3
£3,50008/240.46 miHavelock Walk, London, SE233
£2,00002/240.46 mi-3
£1,87512/240.46 mi-3
£6,50008/240.48 miSydenham Hill London SE263
£6,50008/240.48 miSydenham Hill London SE263
£4,50008/240.48 miSydenham Hill London SE263
£4,50008/240.48 miSydenham Hill London SE263
£5,00008/240.48 miSydenham Hill London SE263
£5,00008/240.48 miSydenham Hill London SE263
£3,00008/240.48 miLordship Lane London SE223
£2,77508/240.48 miRubens Gardens, London, SE223
£2,80001/250.48 mi-3
£2,80002/250.48 mi-3
£1,80008/240.5 miMoore House, Willow Way, Sydenham, SE263
£2,90009/240.51 mi-3
£2,85009/240.51 mi-3
£2,90008/240.51 miOverhill Road, London, SE223
£2,00008/240.51 mi-3
£2,30008/240.52 miOverhill Road, East Dulwich, SE223
£4,50008/240.52 mi41 Sydenham Hill, Sydenham, London, SE263
£4,50008/240.53 miSydenham Hill, Sydenham Hill3
£2,40008/240.53 miCanbury Mews, London, SE263
£2,75008/240.55 miHorniman Drive, London, SE233
£2,55012/240.55 mi-3
£2,38308/240.56 miWood Vale, East Dulwich, SE233
£2,30008/240.57 miHindsleys Place London SE233
£2,50012/240.58 mi-3
£2,50008/240.58 mi-3
£1,60008/240.59 miPerry Vale, Forest Hill, SE233
£2,35002/240.6 mi-3
£2,35002/240.6 mi-3
£2,40008/240.6 miOverhill Road, SE22, Dulwich, London, SE223
£2,80003/250.6 mi-3

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £375,000

March 10, 2025

Floor Plans

Description

  • Asking Price £375,000 +
  • CHAIN-FREE +
  • Service Charge Includes Heating and Hot Water +
  • Top-Floor +
  • Views of the city +
  • Three Bedrooms +
  • Communal Gardens +
  • Close Proximity to Shops, Restaurants and Amenities +
  • Close Proximity to Schools and Transport +
  • Close Proximity to Parks and Green Spaces +

Asking Price £375,000

Set on the Top-Floor (fourth) is this three-bedroom apartment offering panoramic views of London. Spanning approximately 806sqft the property is offered in good condition and consists of two-double bedrooms, one single bedroom, a living room, a family bathroom and a separate kitchen.

Service Charge include all heating and hot water.

EPC RATING: D

Council tax band: C

Tenure: Leasehold

Set on the Top-Floor (fourth) is this three-bedroom apartment offering panoramic views of London. Spanning approximately 806sqft the property is offered in good condition and consists of two-double bedrooms, one single bedroom, a living room, a family bathroom and a separate kitchen.

Service Charge Includes Heating and Hot Water.

THE PROPERTY - DIRECT ACCESS TO THE WOODS and THE GROUNDS OF THE DEVELOPMENT

Located in easy reach of Forest Hill and East Dulwich stations as well as being opposite the Hornimans Museums and Gardens with direct access to Sydenham Hill Woods, this is a property that offers more than many others locally.

There are several features of this apartment which include:

•The communal gardens lead to the highly acclaimed Sydenham Hill Woods. Made up of approximately 11 hectares, Sydenham Hill Wood forms part of the largest remaining tract of the old Great North Wood. The wood is home to more than 200 species of trees and plants as well as rare fungi, insects, birds and woodland mammals.

The Woods are a unique mix of new and ancient woodland, with remnants of Victorian gardens and is London Wildlife Trust’s oldest nature reserve.

In the 1980s, Sydenham Hill Wood was saved from development threats, a testament to the determination of local people to safeguard nature. It became London Wildlife Trust’s first nature reserve in 1982 and Cox’s Walk came under the Trusts management in 1998.

This lovely walk is perfect for couples, family walks (including the dog!) and hikers with a great pub at the end for a Sunday roast or a summery pint in their amazing beer garden!

•Tucked behind Sydenham Hill Wood you will find yet another great attraction. The ever-popular Dulwich & Sydenham Hill Golf Club, which was founded in 1894.

The golf course was designed by the great Harry S Colt and is set among mature oaks on the slopes of Sydenham Hill overlooking Dulwich College and enjoys a deserved lofty status among the capital’s golfing elite.

•Cafes in the immediate area - there are two cafes in the Horniman and there is a Brown and Greens that has recently opened in the Playpark just across the road

•There is a strong community spirit within the development. There are lots of young families living in the development with many organising summertime cocktails out in the glade area of the communal grounds

•There is an active Residents Association. Frequent meetings take place and local councillors attend these sessions to feedback to the council. They also organise seasonal family activities such as Easter hunts and other celebrations. This is another great example of the community spirit within the development

•Heating and hot water is included in the yearly service charges with the communal boiler having been replaced (paid for by the current owners). The heating and hot water system now offers a circa 40 year warranty!

•Over 800 sq ft of living space which is fluidly laid out off a central hallway. Please note the central hallway itself if the size of a room providing a striking entrance hall

•The apartment has windows in every room (including the bathroom, toilet and kitchen). This means there are window on opposing sides if the apartment which is also great for cross ventilation. Some of these windows are Southerly facing filling the rooms with natural light as the sun moves around the building through the day

• A separate store cupboard is also available with the flat and is located on the entrance landing.

•A well serviced lift offers easy access, great for children’s buggies etc.

Caring for the development are the dedicated groundsman and caretaker who are on site several days a week maintaining the gardens and communal areas. These gardens are host to many varied birds and wild flowers – owls, nuthatches, blue bells, violets, Herb Robert and lady's smock to name a few. The current owners of this apartment enjoy listening and looking out at the variety of birds in the trees.

SCHOOLS, TRANSPORT DINING OUT AND OTHER RECREATION

The property is also in the catchment area of OFSTED rated "Outstanding" primary and secondary schools which is great news for those considering a family home in the area.

Forest Hill train station, served by the Overground and Southern Rail and offers the following approximate travel times to central London stations:

London Bridge in approximately 17 minutes.

Shoreditch High Street in approximately 22 minutes.

Victoria station in approximately 30 minutes.

The Horniman Museum and Gardens is a well-known local point of interest and can be found approximately 0.3 miles away. With regular events such as a farmers market, live music and seasonal festivals to name a few.

The Horniman Museum and Playpark - membership of the Horniman is low cost and great for families. There are lots of activities for all ages in the park and it boasts a spectacular view of London from the Hill. For those who have a dog or are thinking of getting one, there are lots of dog walkers / minders in the area and a great bunch of people meet there in the mornings to walk dogs together (the current owners have had a positive experience of this whilst living in the property).

You can read more about the Horniman museum and gardens here:

As well as having a Sainsbury’s, Forest Hill is well served with a variety of high-quality independent shops, including a renowned traditional butcher. There are also gastro pubs, a gym, cafés, delis and restaurants to name but a few of its excellent amenities.

The Sylvan Post, a well-known pub, Canvas and Cream and Stag and Bow all variously host, music events, exhibitions and craft days, and have brought to Forest Hill a cool and trendy vibe.

Off the high street you'll also find the excellent Forest Hill pools and library which has recently undergone a refurbishment.

And If you ever desire a further choice of drinking and eating establishments, then the vibrancy of Dulwich can be found a walk or bus ride away.

Verified Material Information

Council tax band: C

Tenure: Leasehold

Lease length: 88 years remaining (125 years from 1988)

Ground rent: £10 pa

Service charge: £5431.68 pa

Property type: Flat

Property construction: Standard form

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: Communal heating system

Heating features: Double glazing

Broadband: FTTP (Fibre to the Premises)

Mobile coverage: O2 - Good, Vodafone - Good, Three - OK, EE - Great

Parking: Allocated

Building safety issues: No

Restrictions - Listed Building: No

Restrictions - Conservation Area: No

Restrictions - Tree Preservation Orders: None

Public right of way: No

Long-term area flood risk: No

Coastal erosion risk: No

Planning permission issues: No

Accessibility and adaptations: Lift access

Coal mining area: No

Non-coal mining area: Yes

Energy Performance rating: D

Agent Details

Hunters, Forest Hill

020 3907 2670

Next Steps?

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