2 Bed Flat, Refurb/BRRR, London, SE15 2NY, £850,000

York Grove, London SE15 2NY - 19 days ago

Leasehold
Refurb/BRRR
~105 m²
+20 photos

ValuationOvervalued

Sold Prices£300K - £780K
Sold Prices/m²£5K/m² - £14.8K/m²

 

 

Square Metres

~105.40 m²
Price/m²£8.1K/m²

Value Estimate

£675,069

 

 

End Value (After Refurb)

£792,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£212,500

Stamp Duty & Legal Fees

£76,200

Refurb Costs

£55,977

Bridging Loan Interest

£22,313

Total Cash In

£368,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£792,000

Mortgage (After Refinance)

£594,000

Mortgage LTV

75%

Cash Left In

£368,740

Equity

£198,000

Rent Range

£1,575 - £8,000

Rent Estimate

£2,281

Running Costs/mo

£2,951

Cashflow/mo

£-670

Cashflow/yr

£-8,042

Gross Yield

3%

Local Sold Prices

50 sold prices from £300K to £780K, average is £452.5K. £5K/m² to £14.8K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£780K05/230.13 miFlat 18, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£750K02/210.13 miFlat 15, Pioneer Centre, Frobisher Place, London, Greater London SE15 2EE2
£340K12/200.13 miFlat 66, Juniper House, Pomeroy Street, London, Greater London SE14 5BY2
£535K07/230.18 mi30, Kender Street, London, Greater London SE14 5JG2
£312.5K06/210.19 miFlat 2, Hammond House, Lubbock Street, London, Greater London SE14 5HY2
£360K06/210.19 mi97, Bath Close, London, Greater London SE15 2JT2
£402K03/230.19 mi47, Laburnum Close, London, Greater London SE15 2LJ2
£365K03/210.23 mi33, Blanch Close, London, Greater London SE15 2LD2
£455K10/200.25 miGarden Flat, 18b, Waller Road, London, Greater London SE14 5LA2
£450K04/230.25 mi48a, Waller Road, New Cross, London, Greater London SE14 5LA2
£395K02/230.26 mi29a, St Marys Road, London, Greater London SE15 2EA2
£340K06/230.26 miFlat 5, Montpelier Court, Montpelier Road, London, Greater London SE15 2HA2
£615K07/210.27 mi76b, Lausanne Road, London, Greater London SE15 2JB2
£470K09/210.29 mi108a, New Cross Road, London, Greater London SE14 5BA2
£410K08/210.29 miFlat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN2
£478.9K06/230.31 mi31, Clifton Crescent, London, Greater London SE15 2RX2
£430.5K03/210.31 mi22, Clifton Crescent, London, Greater London SE15 2RX2
£425K01/210.32 mi22, Meeting House Lane, London, Greater London SE15 2UN2
£337.5K10/200.32 miFlat 8, Cedar House, Erlanger Road, London, Greater London SE14 5TB2
£387.5K06/210.33 mi9, Evelina Road, London, Greater London SE15 2DX2
£430K07/230.33 mi15, Evelina Road, London, Greater London SE15 2DX2
£600K03/210.34 mi77b, Waller Road, New Cross, London, Greater London SE14 5LB2
£610K10/210.34 mi85b, Waller Road, London, Greater London SE14 5LB2
£477.5K12/200.35 mi117b, Brayards Road, London, Greater London SE15 2BX2
£555K03/210.36 mi96c, Waller Road, New Cross, London, Greater London SE14 5LY2
£390K06/210.36 miFlat 2, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£440.5K10/200.36 miFlat 5, Elliott House, Arbuthnot Road, London, Greater London SE14 5LT2
£460K12/220.37 mi26, Pepys Road, London, Greater London SE14 5SB2
£645K02/210.38 mi133a, Kirkwood Road, London, Greater London SE15 2BG2
£500K05/210.39 mi217a, New Cross Road, London, Greater London SE14 5UH2
£300K08/210.4 miFlat 3, Glastonbury Court, Farrow Lane, London, Greater London SE14 5EA2
£650K01/230.4 mi37b, Pepys Road, London, Greater London SE14 5SA2
£418K02/210.41 mi64a, Billington Road, London, Greater London SE14 5QQ2
£342K03/210.41 mi8b, Billington Road, London, Greater London SE14 5QQ2
£480K04/230.41 mi18a, Billington Road, London, Greater London SE14 5QQ2
£607.5K03/210.42 mi14a, Wroxton Road, London, Greater London SE15 2BN2
£332K04/230.42 mi102, Water Lane, London, Greater London SE14 5DN2
£377.5K01/210.44 miFirst Floor Flat B, 4, Kincaid Road, London, Greater London SE15 5UN2
£515K10/200.44 mi18b, Egmont Street, London, Greater London SE14 5QJ2
£528.5K04/210.44 mi47a, Naylor Road, London, Greater London SE15 1QJ2
£365K06/230.44 mi89, Naylor Road, London, Greater London SE15 1QJ2
£618.5K06/210.44 miGround And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU2
£533.5K05/210.46 mi5a, Nutcroft Road, London, Greater London SE15 1AG2
£475K12/200.47 mi10b, Leylang Road, London, Greater London SE14 5QZ2
£505.8K06/230.48 mi146b, Erlanger Road, London, Greater London SE14 5TJ2
£345K05/210.5 miFlat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP2
£500K02/210.51 mi5a, Musgrove Road, London, Greater London SE14 5PP2
£365K03/230.51 mi12, Symons Close, London, Greater London SE15 3SF2
£730K06/210.51 mi22a, Ommaney Road, London, Greater London SE14 5NT2
£341.5K04/230.52 miFirst Floor, 85, Pepys Road, London, Greater London SE14 5SE2

Local Rents

49 rents from £1.6K/mo to £8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,15002/250.02 mi-2
£2,65008/240.02 miAssembly Apartments2
£1,57508/240.04 miAssembly Apartments, 24 York Grove, London, SE152
£2,25008/240.04 mi-2
£2,20008/240.05 miPomeroy Street New Cross SE142
£2,70002/240.06 mi-2
£1,75008/240.07 miAstbury Road, Peckham, SE152
£3,03303/250.08 mi-2
£1,75008/240.08 miYork Grove, London2
£1,60009/240.09 mi-2
£1,95011/240.09 mi-2
£1,85011/240.09 mi-2
£2,10008/240.09 miLavender House, London, SE152
£2,40008/240.1 miQueens Road, Peckham, London, SE152
£1,85008/240.1 miQueens Road Peckham SE152
£2,35002/240.1 mi-2
£2,25002/240.1 mi-2
£2,85009/240.13 mi-2
£2,85008/240.13 miPioneer Centre, London, SE152
£8,00004/250.13 mi-2
£2,00008/240.13 miQueens Road, Peckham, London, SE152
£2,25008/240.13 miQueens Road, Peckham2
£2,85008/240.14 miFrobisher Place, Peckham, London, SE152
£2,00012/240.15 mi-2
£1,79508/240.15 miKender Street, London, SE142
£2,00010/240.15 mi-2
£2,00002/240.17 mi-2
£2,14508/240.18 mi139 Queens Road Peckham SE152
£2,50010/240.2 mi-2
£1,69508/240.21 miKender Street, London, SE142
£1,90002/250.21 mi-2
£2,10008/240.22 miLugard Road London SE152
£1,70008/240.22 miGautrey Road, London, SE152
£1,87509/240.24 mi-2
£1,95002/240.24 mi-2
£1,85009/240.25 mi-2
£1,85010/240.25 mi-2
£1,70008/240.25 miGautrey Road, Nunhead2
£2,00008/240.26 miBurchell Road, Peckham, London, SE152
£2,10008/240.27 miQueens Road Peckham SE152
£1,85008/240.27 miQueens Road Peckham SE152
£1,85008/240.27 miQueens Road Peckham SE152
£2,40008/240.27 miMontpelier Road London SE152
£2,30008/240.28 mi-2
£2,30004/250.28 mi-2
£2,14008/240.28 mi45 New Cross Road, London, SE142
£2,72008/240.28 miUNCLE New Cross, Batavia Road, London, SE142
£2,25008/240.28 miUNCLE New Cross, Batavia Road, London, SE142
£2,62508/240.28 miUNCLE New Cross, Batavia Road, London, SE142

Local Area Statistics

Population in SE15

63,647

Population in London

4,771,921

Town centre distance

4.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £850,000

March 19, 2025

Floor Plans

Description

This bright and generously proportioned two-bedroom apartment occupies the upper floors of a handsome Victorian house in Peckham, south-east London. Its split-level plan amplifies a sense of volume and space and has been comprehensively renovated using a selection of fine materials. A large, thoughtfully planted garden sits in the front receives a day-long sunlight and acts as a private buffer between the building and leafy York Grove beyond.

Setting the Scene 

The intervening centuries since 'Pecheham' first appeared in the Domesday Book of 1086 have seen several spellings of the area's name. Later recorded as 'Pekkham' in 1361, the moniker is thought to derive from 'the place of the river Peck', a small stream that ran in the area and watered the region's arable fields and livestock.

Like many of London's developing environs, Peckham was formerly a bustling market village, a place where traders came to settle to avoid paying higher rents within the city proper in the late 18th and early 19th centuries. With rich and fertile soil, the area was ripe for farming and, by the mid 1700s, there were highly productive market gardens and orchards supplying the city's food vendors. Records show locally grown produce to include melons, figs and grapes among a plethora of other fruits and vegetables.

The Grand Tour 

The eclectic variety of York Grove's pretty Victorian architecture lends the leafy street a veritable charm. Set within one such building, this apartment is reached via a tall garden gate sheltered by two pine trees. The front door lies at the far end of the tranquil private front garden and is accessed via a small flight of steps.

Within, original floorboards painted in Dodie by Coat run underfoot. On the right-hand side of the plan, illuminated by the arched fanlight above the front door, is a built-in cloakroom with plenty of room for winter coats, shoes and the likes of a buggy or bike.

The same attractive original floorboards ground the stairs that leads to the first floor. On the ascent, a generous window overlooking the side of the house allows natural light to flood the stairwell and upper landing.

Upstairs, the kitchen/dining room occupies the full width of the apartment's plan at the rear and has tree-speckled views across neighbouring gardens. The current owners have implemented a wonderfully practical yet sensitive arrangement during their renovation; a six-seater dining table comfortably fits to the left, while the kitchen is set on the right.

A stainless-steel-wrapped island acts as breakfast-bar and contains a Smeg gas hob, its outward orientation allowing for simultaneous entertaining and cooking. Behind, matt cream kitchen units run at waist-height and are topped with a discreet FENIX countertop. The subtlety of the units allows the Calacatta marble backsplash to take centre stage, adding texture and depth with its rich, molten veining. There are open shelves above and a large walk-in pantry to one side, painted an energising sunshine-yellow.

The sitting room is a soothing space, with two sash windows and gentle green-washed walls (Welmish Blew by Edward Bulmer). The chimney breast forms a focal point within the room, its lower half painted a deep grey, David Rose by Coat, and the upper half mirrored to disperse natural light.

Next door, the family bathroom has an elegant reeded-glass sash window above the bath. Sweet-pea motif wallpaper by Honor Addington delivers a sense of the bucolic and is complemented by unlacquered brass fixtures throughout and green tiles underfoot.

The second floor is the setting for both of the double bedrooms, separated by a landing currently used as a well-lit study. Velux windows in the slopping roof provide an exceptional quality of light and uninterrupted views of the changing skies above. The principal bedroom has double-aspect windows and an en suite shower room, beautifully clad in a ocean-blue medley of Moroccan tiles.

The Great Outdoors 

The apartment's front garden is a private space well populated with mature wild grasses, shrubs, an olive tree and a silver birch. Two large pine trees shield the garden from direct view of the pavement without blocking the sunlight.

There is neatly decked area perfect for dining outside and hosting barbecues in the warmer months. A shingle boarder and pathway to the timber storage shed provide an element of texture and visual interest.

Out and About 

The quietude and leafiness of York Grove belies its convenient proximity to Queens Road Peckham station, which is just a three-minute walk around the corner. The area is well serviced by the many local eateries, boutiques and cultural hotspots; Blackbird Bakery is a firm favourite, just a three-minute walk away, while popular Kudu sits a couple of doors further along.

Peckham is brilliantly positioned for a wide range of amenities. The Bussey Building and Peckham Levels, off Rye Lane, host an active and varied programme of yoga/dance classes, workshops, street-food and pop-up bars.

The cafés, boutiques and restaurants of Bellenden Village are around a 20-minute walk away, as well as the well-regarded Belham Primary School. The General Store is a neighbourhood grocery store and coffee shop presenting the finest seasonal produce, including Neal’s Yard cheese and a selection of natural wines. Excellent neighbourhood restaurants include Levan, Artusi and The Begging Bowl. Review Bookshop is a fantastic local independent bookshop.

Deptford and New Cross lie to the east of York Grove, with their countless popular pubs, restaurants and markets. Local favourites include the delectable Italian delights of Marcella and Aprina Bakery, purveyors of good coffee and excellent vegan-friendly pastries.

Nunhead is to the south and has a great village-like feel, with a greengrocer, a fishmonger, a deli, a café, and a new community centre by AOC architects. Local favourites include Good Cup for coffee, The Beer Shop, Mother Superior for wines/artisanal nibbles, and Alkemi for beautiful handmade gifts. There is also a great selection of pubs including the Old Nun’s Head, Skehans, and The Man of Kent. It is also home to Nunhead Cemetery, one of London's peaceful 'Magnificent Seven'.

Queens Road Peckham is the nearest station and runs Windrush line (Overground) services on a north-south axis, making Shoreditch and Soho (connection via the Elizabeth Line) accessible in less than half an hour. Nunhead station is a 14-minute walk south and runs services to London Blackfriars in around 18 minutes. There are plenty of bus routes connecting across both south and central London.

Tenure: Leasehold
Lease Length: Approx. 178 years remaining
Service Charge: Approx. £1,300 per annum
Ground Rent: £10 per annum
Council Tax Band: B

For more inspiration, why not look to The Modern House's guide to Peckham?

Agent Details

Inigo, London

020 3909 6732

Next Steps?

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