2 Bed Flat, Single Let, London, SE23 1HN, £400,000

Wastdale Road, London, SE23 1HN 1 - 23 days ago

BTL
~68 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Rent Range

£1,500 - £2,500

Rent Estimate

£1,550

Running Costs/mo

£1,580

Cashflow/mo

£-30

Cashflow/yr

£-360

Gross Yield

5%













Local Rents

48 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65008/240.03 miWastdale Road Forest Hill SE232
£2,00004/250.08 mi-2
£1,65008/240.1 miStanstead Road, London, SE232
£1,85002/240.14 mi-2
£2,25008/240.15 miBrockley Rise London SE232
£1,70002/240.15 mi-2
£1,65009/240.15 mi-2
£2,20003/250.16 mi-2
£1,50008/240.16 miSunderland Road Forest Hill SE232
£1,80002/250.16 mi-2
£1,70010/240.16 mi-2
£1,70004/250.16 mi-2
£1,70008/240.16 miStanstead Road, London, SE232
£2,20003/250.16 mi-2
£2,50003/250.16 mi-2
£2,20008/240.16 mi-2
£1,85010/240.18 mi-2
£1,90008/240.19 miWhatman Road, Honor Oak2
£1,90011/240.2 mi-2
£2,25008/240.2 miColfe Road, Forest Hill, London, SE232
£2,25009/240.2 miColfe Road Forest Hill SE232
£1,90001/250.22 mi-2
£1,90001/250.22 mi-2
£1,60008/240.22 miSt German's Road, Forest Hill, SE232
£1,75008/240.22 miSt. German's Road, London, SE232
£1,95008/240.22 miSt. German's Road, London, SE232
£1,60008/240.22 miCranston Road, Forest Hill, SE232
£1,85003/250.23 mi-2
£2,10008/240.23 miWaldram Park Road London SE232
£1,60008/240.23 miWaldram Park Road, Forest Hill, SE232
£1,60008/240.23 miSunderland Road, Forest Hill, SE232
£1,70009/240.23 miSunderland Road London SE232
£1,85011/240.23 mi-2
£1,85011/240.23 mi-2
£1,75008/240.23 miStanstead Road, London, SE232
£1,95008/240.24 miWaldram Park Road, Forest Hill, London, SE232
£1,85008/240.24 miDevonshire Road, London, SE232
£2,15008/240.25 mi-2
£1,65008/240.25 miDevonshire Road, London, SE232
£1,75008/240.25 miSt Germans Road, Forest Hill, London, SE232
£1,75008/240.25 miBrockley Park London SE232
£1,65003/250.26 mi-2
£2,10008/240.26 miDevonshire Road, Forest Hill, SE232
£1,55009/240.26 mi-2
£1,70003/250.26 mi-2
£1,55008/240.26 miDevonshire Road, London, SE232
£1,85008/240.26 miDevonshire Road, London, SE232
£1,70003/250.26 mi-2

Local Area Statistics

Population in SE23

33,682

Population in London

4,771,921

Town centre distance

6.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £400,000

March 25, 2025

Floor Plans

Description

  • Garden Flat +
  • 2 Bedrooms +
  • Open Plan lounge kitchen +
  • Wood flooring +
  • Share of Freehold +
  • 999 Year lease +
  • Wal;king Distance of Train station +

Welcome to this well-configured flat on Wastdale Road, offering two bedrooms and a bathroom within a shared freehold setup. The property spans 44.96m2 and is ideal for those looking to settle in a family-friendly environment. Its location ensures residents are close to various amenities and public transport options, making daily commuting straightforward.

The surrounding area is known for its vibrant community and diverse offerings. Nearby parks provide green spaces for leisure activities, while local schools are easily accessible for families with children. Public transportation links are conveniently located, connecting you to the rest of London with ease.

This flat is an excellent opportunity for those seeking a home in an area that balances urban convenience with community charm. Whether you're starting a family or looking for a new residence in London, this property deserves your attention. Act now to secure your place in this sought-after location.
Pictures are of property staged the property is now empty.

Agent Details

Cornerstone Estate Agents, Croydon

020 4572 0461

Next Steps?

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