2 Bed Flat, Single Let, London, SE15 3QF, £300,000

28a Nunhead Green, Nunhead, London, SE15 3QF - 12 days ago

Leasehold

Auction

BTL

ROI: 6%

41 m²

+4 photos

ValuationOvervalued

Sold Prices	£250K - £780K
Sold Prices/m²	£5.3K/m² - £14.8K/m²

Square Metres	41.16 m²
Price/m²	£7.3K/m²
Value Estimate	£292,846£292,846

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,800 - £3,450£1,800 - £3,450
Rent Estimate	£1,800
Running Costs/mo	£1,318£1,318
Cashflow/mo	£483£483
Cashflow/yr	£5,790£5,790
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £250K to £780K, average is £455K. £5.3K/m² to £14.8K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	06/23	0.11 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£365K	03/23	0.14 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£415K	01/21	0.16 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£600K	06/21	0.18 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£470K	06/21	0.2 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£426K	10/21	0.2 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£607.5K	03/21	0.22 mi	14a, Wroxton Road, London, Greater London SE15 2BN	£14,817	41	2	Flat
£440K	01/23	0.27 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£375K	03/21	0.27 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£477.5K	12/20	0.3 mi	117b, Brayards Road, London, Greater London SE15 2BX	£6,201	77	2	Flat
£360K	06/23	0.31 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£345K	05/21	0.32 mi	Flat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP	-	-	2	Flat
£460K	09/21	0.32 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£373K	05/21	0.34 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£600K	11/20	0.35 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£645K	02/21	0.35 mi	133a, Kirkwood Road, London, Greater London SE15 2BG	-	-	2	Flat
£320K	03/21	0.35 mi	Flat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE	-	-	2	Flat
£250K	11/20	0.37 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£550K	06/21	0.37 mi	34, Ivydale Road, London, Greater London SE15 3BS	£9,496	58	2	Flat
£387.5K	06/21	0.37 mi	9, Evelina Road, London, Greater London SE15 2DX	£5,308	73	2	Flat
£430K	07/23	0.37 mi	15, Evelina Road, London, Greater London SE15 2DX	£5,733	75	2	Flat
£385K	09/21	0.38 mi	14, Beacon Gate, London, Greater London SE14 5UB	£7,130	54	2	Flat
£335K	03/21	0.38 mi	3, Beacon Gate, London, Greater London SE14 5UB	£6,321	53	2	Flat
£395K	02/23	0.4 mi	29a, St Marys Road, London, Greater London SE15 2EA	-	-	2	Flat
£309K	06/21	0.4 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£615K	07/21	0.43 mi	76b, Lausanne Road, London, Greater London SE15 2JB	£6,406	96	2	Flat
£495.9K	03/21	0.46 mi	11a, Drakefell Road, Brockley, London, Greater London SE14 5SL	-	-	2	Flat
£530K	01/21	0.48 mi	33a, Fenwick Road, London, Greater London SE15 4HS	£9,298	57	2	Flat
£410K	08/21	0.48 mi	Flat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN	-	-	2	Flat
£400K	06/23	0.49 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£618.5K	06/21	0.5 mi	Ground And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU	-	-	2	Flat
£780K	05/23	0.51 mi	Flat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£750K	02/21	0.51 mi	Flat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE	-	-	2	Flat
£390K	06/21	0.51 mi	Flat 2, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT	£6,290	62	2	Flat
£440.5K	10/20	0.51 mi	Flat 5, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT	-	-	2	Flat
£640K	03/21	0.53 mi	49a, Drakefell Road, London, Greater London SE14 5SH	£12,075	53	2	Flat
£370K	07/23	0.53 mi	33, Stuart Road, London, Greater London SE15 3BE	£7,872	47	2	Flat
£435K	02/21	0.53 mi	39, Stuart Road, London, Greater London SE15 3BE	£8,700	50	2	Flat
£555K	03/21	0.54 mi	96c, Waller Road, New Cross, London, Greater London SE14 5LY	£8,284	67	2	Flat
£625K	03/21	0.55 mi	14b, Howden Street, London, Greater London SE15 4LB	£8,333	75	2	Flat
£435K	06/21	0.57 mi	67a, St Asaph Road, London, Greater London SE4 2EB	£7,016	62	2	Flat
£600K	03/21	0.57 mi	77b, Waller Road, New Cross, London, Greater London SE14 5LB	£6,403	94	2	Flat
£460K	10/20	0.58 mi	122b, Drakefell Road, London, Greater London SE14 5SQ	£7,302	63	2	Flat
£610K	10/21	0.58 mi	85b, Waller Road, London, Greater London SE14 5LB	£8,496	72	2	Flat
£780K	11/21	0.58 mi	57a, Choumert Road, London, Greater London SE15 4AR	-	-	2	Flat
£505.8K	06/23	0.58 mi	146b, Erlanger Road, London, Greater London SE14 5TJ	£9,032	56	2	Flat
£528K	01/21	0.58 mi	54b, Keston Road, London, Greater London SE15 4JB	£6,684	79	2	Flat
£530K	07/23	0.59 mi	23b, Aspinall Road, London, Greater London SE4 2EH	£8,689	61	2	Flat
£340K	10/21	0.59 mi	11a, Raul Road, London, Greater London SE15 5HR	£6,641	51	2	Flat
£460K	04/21	0.6 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat

Local Rents

45 rents from £1.8K/mo to £3.5K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	08/24	0.1 mi	Gordon Road Nunhead SE15	2	Flat
£3,000	03/25	0.11 mi	-	2	Flat
£2,750	08/24	0.12 mi	Basi Terrace	2	Terraced House
£2,350	03/25	0.14 mi	-	2	Semi-Detached House
£2,000	11/24	0.14 mi	-	2	Flat
£2,000	08/24	0.15 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£1,800	08/24	0.16 mi	-	2	Flat
£2,200	10/24	0.16 mi	-	2	Flat
£1,850	08/24	0.16 mi	Linden Grove Peckham SE15	2	Flat
£1,995	08/24	0.18 mi	Linden Grove Peckham SE15	2	Flat
£2,201	08/24	0.2 mi	-	2	Flat
£2,300	08/24	0.21 mi	Carden Road Nunhead SE15	2	Flat
£1,850	08/24	0.23 mi	Crewys Road, Peckham, SE15	2	Flat
£2,200	02/25	0.23 mi	-	2	Detached House
£2,300	08/24	0.26 mi	Heaton Road, Peckham, London, SE15	2	Flat
£2,375	01/25	0.27 mi	-	2	Flat
£2,200	11/24	0.27 mi	-	2	Flat
£1,850	08/24	0.28 mi	Brayards Road London SE15	2	Flat
£2,050	10/24	0.28 mi	-	2	Flat
£2,625	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.28 mi	Heaton Road London SE15	2	Flat
£1,850	02/24	0.29 mi	-	2	Flat
£1,800	08/24	0.29 mi	Hollydale Road, Peckham, SE15	2	Flat
£1,800	02/24	0.29 mi	-	2	Flat
£2,200	08/24	0.3 mi	Huguenot Square London SE15	2	Flat
£2,100	02/24	0.3 mi	-	2	Flat
£1,970	02/24	0.3 mi	-	2	Flat
£2,100	08/24	0.3 mi	Ansdell Road London SE15	2	Flat
£2,200	08/24	0.3 mi	Brayards Road, London, SE15	2	Flat
£1,800	11/24	0.31 mi	-	2	Flat
£1,850	08/24	0.31 mi	Gibbon Road, London SE15	2	Flat
£2,145	09/24	0.31 mi	Aura Court, 163 Peckham Rye, Peckham, London, SE15 3GW	2	Flat
£2,575	03/25	0.32 mi	-	2	Flat
£2,000	08/24	0.32 mi	-	2	Flat
£2,300	02/25	0.33 mi	-	2	Flat
£1,800	08/24	0.33 mi	Peckham Rye, London SE15	2	Flat

Local Area Statistics

Population in SE15	63,64763,647
Population in London	4,771,9214,771,921
Town centre distance	4.79 miles away4.79 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £300,000

March 18, 2025

Floor Plans

Description

Long leasehold first floor self-contained flat +
Two bedrooms, reception room, fitted kitchen, shower room/wc, roof terrace +
Recently re-furbished +
Close to amenities and transport facilities +
Full vacant possession +

**Guide Price £300,000
For sale by online auction , registration is now open. Bidding opens on 10/04/2025 10:00 and ends on 10/04/2025 13:20.

DescriptionLong leasehold first floor self-contained two-bedroom flat with roof terrace, forming part of a three-floor terraced building. The flat benefits from being recently re-furbished and having the additional benefit of a front street entrance.AccommodationTwo bedrooms, reception room, fitted kitchen, shower room/wc

Outside: Roof terrace

Total floor area approximately 41.6 sq.m (448 sq.ft)

The property benefits from gas central heating (not tested) and double glazing

LocationThe property is situated off Nunhead Lane overlooking Nunhead Green close to the junction with Cheam Street. Public transport facilities include Nunhead railway station. Shopping amenities can be found nearby along Nunhead Lane and Rye Lane, Peckham which benefits from many shops and cafes. Recreational pursuits are at Peckham Rye Park & Common.**

Agent Details

SW Property Auctions, London

020 7123 9277

Next Steps?

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

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