2 Bed Flat, Cash/Bridging Only, London, SE4 2EE, £255,000

St. Asaph Road, London, SE4 2EE - 24 days ago

Leasehold
Cash
~55 m²
+1 photos

ValuationFair Value

Sold Prices£320K - £780K
Sold Prices/m²£5.3K/m² - £14.8K/m²

 

 

Square Metres

~55 m²
Price/m²£4.6K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£405,000

Uplift in Value

+59%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£29,156

Bridging Loan Interest

£6,694

Total Cash In

£118,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£405,000

Agent Fees (1%)

£4,050

Bridging Loan

£191,250

Bridging Loan Interest

£6,694

Flip Profit

£91,651

Local Sold Prices

50 sold prices from £320K to £780K, average is £457.5K. £5.3K/m² to £14.8K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£320K03/210.05 miFlat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE2
£385K09/210.06 mi14, Beacon Gate, London, Greater London SE14 5UB2
£335K03/210.06 mi3, Beacon Gate, London, Greater London SE14 5UB2
£550K06/210.08 mi34, Ivydale Road, London, Greater London SE15 3BS2
£495.9K03/210.11 mi11a, Drakefell Road, Brockley, London, Greater London SE14 5SL2
£345K05/210.12 miFlat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP2
£640K03/210.15 mi49a, Drakefell Road, London, Greater London SE14 5SH2
£435K06/210.19 mi67a, St Asaph Road, London, Greater London SE4 2EB2
£460K10/200.2 mi122b, Drakefell Road, London, Greater London SE14 5SQ2
£618.5K06/210.23 miGround And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU2
£625K12/220.23 miTop Floor Flat, 153, Pepys Road, London, Greater London SE14 5SG2
£530K07/230.24 mi23b, Aspinall Road, London, Greater London SE4 2EH2
£505.8K06/230.28 mi146b, Erlanger Road, London, Greater London SE14 5TJ2
£387.5K06/210.29 mi9, Evelina Road, London, Greater London SE15 2DX2
£430K07/230.29 mi15, Evelina Road, London, Greater London SE15 2DX2
£595K01/230.29 mi113b, St Asaph Road, London, Greater London SE4 2DZ2
£365K03/230.29 mi12, Symons Close, London, Greater London SE15 3SF2
£525K03/210.3 mi80a, St Asaph Road, London, Greater London SE4 2EL2
£400K03/210.3 mi96c, St Asaph Road, London, Greater London SE4 2EL2
£390K06/210.3 miFlat 2, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£440.5K10/200.3 miFlat 5, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£500K12/200.3 mi136c, Drakefell Road, London, Greater London SE4 2DS2
£500K10/200.3 mi17b, Pendrell Road, London, Greater London SE4 2PB2
£450K06/230.32 mi78, Tappesfield Road, London, Greater London SE15 3EZ2
£555K03/210.32 mi96c, Waller Road, New Cross, London, Greater London SE14 5LY2
£510K12/220.33 mi57a, Avignon Road, London, Greater London SE4 2JT2
£410K08/210.34 miFlat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN2
£615K07/210.34 mi76b, Lausanne Road, London, Greater London SE15 2JB2
£475K08/210.35 mi24a, Finland Road, London, Greater London SE4 2JH2
£600K03/210.36 mi77b, Waller Road, New Cross, London, Greater London SE14 5LB2
£610K10/210.36 mi85b, Waller Road, London, Greater London SE14 5LB2
£341.5K04/230.36 miFirst Floor, 85, Pepys Road, London, Greater London SE14 5SE2
£450K04/210.36 mi113a, Drakefell Road, London, Greater London SE4 2DT2
£395K02/230.37 mi29a, St Marys Road, London, Greater London SE15 2EA2
£607.5K03/210.41 mi14a, Wroxton Road, London, Greater London SE15 2BN2
£450K12/200.42 mi47, Vesta Road, London, Greater London SE4 2NJ2
£399.1K05/230.43 mi91, Arica Road, London, Greater London SE4 2PS2
£380K01/210.43 mi101a, Arica Road, London, Greater London SE4 2PS2
£490K01/230.44 miFlat 18, Willow House, Dragonfly Place, London, Greater London SE4 2FJ2
£477.5K12/200.46 mi117b, Brayards Road, London, Greater London SE15 2BX2
£455K10/200.46 miGarden Flat, 18b, Waller Road, London, Greater London SE14 5LA2
£450K04/230.46 mi48a, Waller Road, New Cross, London, Greater London SE14 5LA2
£415K01/210.48 mi40b, Linden Grove, London, Greater London SE15 3LF2
£435K01/230.48 miFlat B, 80, Jerningham Road, London, Greater London SE14 5NW2
£780K05/230.49 miFlat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£750K02/210.49 miFlat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£415K02/210.49 miFlat 5, Wells House, Sandbourne Road, London, Greater London SE4 2NS2
£730K06/210.49 mi22a, Ommaney Road, London, Greater London SE14 5NT2
£650K01/230.51 mi37b, Pepys Road, London, Greater London SE14 5SA2
£435K02/210.52 mi39, Stuart Road, London, Greater London SE15 3BE2

Local Rents

50 rents from £1.4K/mo to £3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,85008/240.06 miBeacon Gate, London , SE142
£2,00008/240.06 miIvydale Road, Nunhead, London, SE152
£1,80003/250.12 mi-2
£2,22008/240.13 miKitto Road, London, SE142
£2,10008/240.15 mi-2
£1,80008/240.16 miHollydale Road, Peckham, SE152
£2,22008/240.17 mi-2
£2,22008/240.17 mi-2
£2,60008/240.19 miGellatly Road, London2
£2,10002/250.2 mi-2
£1,69508/240.2 miKitto Road, London, SE142
£1,85008/240.22 miGibbon Road, London SE152
£2,60008/240.23 miPepys Road, New Cross, London, SE142
£1,90004/250.23 mi-2
£2,37501/250.23 mi-2
£1,45008/240.24 miAspinall Road, London, SE42
£2,00008/240.25 miAvignon Road SE42
£1,90003/250.25 mi-2
£1,45008/240.26 miPepys Road, New Cross, London, SE142
£2,05002/240.27 mi-2
£2,30008/240.28 miArbuthnot Road, New cross2
£2,45002/250.28 mi-2
£2,20002/250.29 mi-2
£1,75008/240.32 mi-2
£1,85008/240.32 miGautrey Road2
£1,55008/240.33 miWaller Road, London, SE142
£2,30003/250.33 mi-2
£1,85008/240.33 miDundalk Road, London, SE42
£1,85008/240.34 mi-2
£1,85008/240.34 miTop Floor, London, SE42
£2,10008/240.34 miAnsdell Road London SE152
£2,00008/240.35 miSeymour Gardens, London, SE42
£1,80002/250.36 mi-2
£1,80008/240.36 miSeymour Gardens, Brockley2
£2,00009/240.36 mi-2
£2,25008/240.36 mi-2
£1,70008/240.37 miGautrey Road, Nunhead2
£2,00010/230.38 miIvydale Road, London, SE152
£2,10008/240.38 miPepys Road, New Cross2
£2,25008/240.38 miFinland Road Brockley SE42
£1,87509/240.39 mi-2
£1,90008/240.39 miBrockill Crescent, Brockley2
£2,09509/240.4 mi-2
£1,70008/240.4 miGautrey Road, London, SE152
£3,00003/250.4 mi-2
£2,00008/240.42 miFoxwell Mews Brockley SE42
£2,00008/240.42 miFoxwell Mews SE42
£1,99508/240.42 miLinden Grove Peckham SE152
£1,85002/240.42 mi-2
£2,30010/240.43 mi-2

Local Area Statistics

Population in SE4

28,595

Population in London

4,771,921

Town centre distance

4.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £255,000

April 1, 2025

Listed for £270,000

March 12, 2025

Floor Plans

Description

  • 2 Bedroom Apartment +
  • Cash Buyers Only +
  • Third Floor +
  • Investors Only +
  • 593 Sq. Ft +
  • Sold Tenants in Situ - 6.89% Yield +
  • No Ground Rent +
  • Service Charge £2000pa +
  • Close to Amenities +
  • 2-Minute Walk to Nunhead Station +

* CASH BUYERS & INVESTORS ONLY *

* SOLD TENANTS IN SITU - 6.89% YIELD *

This two-bedroom apartment on St. Asaph Road, Brockley presents an excellent investment opportunity with tenants already in place paying £1,550 per month, generating an attractive 6.89% yield.

The property's layout includes a spacious lounge with plenty of natural light, a functional kitchen, two well-proportioned bedrooms, and a family bathroom. The larger bedroom provides ample space for storage, while the second bedroom could serve as a home office or guest room.

Located in the popular area of Brockley, residents enjoy easy access to both Brockley and St Johns stations, offering excellent connections to London Bridge and beyond. The vibrant Brockley Market, numerous independent cafes, and the beautiful Telegraph Hill Park are all within walking distance, while the trendy shops and restaurants of Nunhead and New Cross are just a stone's throw away.

Currently tenanted and generating steady income, this property presents a ready-made investment opportunity. For investors looking to expand their portfolio, early viewing is strongly recommended to appreciate the potential on offer.

Agent Details

Sold.co.uk, London

020 3840 3803

Next Steps?

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