2 Bed Flat, Single Let, London, SE25 5LX, £250,000

Carmichael Road, London, SE25 5LX - 8 days ago

Leasehold

Auction

BTL

ROI: 6%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£200K - £640K
Sold Prices/m²	£3.4K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£300,000£300,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,300 - £2,800£1,300 - £2,800
Rent Estimate	£1,450
Running Costs/mo	£1,091£1,091
Cashflow/mo	£359£359
Cashflow/yr	£4,305£4,305
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £200K to £640K, average is £291.3K. £3.4K/m² to £7K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£330K	08/21	0.12 mi	60a, Crowther Road, London, Greater London SE25 5QP	-	-	2	Flat
£290K	08/21	0.14 mi	21, Cargreen Road, London, Greater London SE25 5AD	£5,145	56	2	Flat
£367K	05/21	0.2 mi	64a, Enmore Road, London, Greater London SE25 5NG	-	-	2	Flat
£280K	06/23	0.21 mi	11a, Crowther Road, London, Greater London SE25 5QW	-	-	2	Flat
£290K	06/23	0.26 mi	84, Watson Place, London, Greater London SE25 5FA	£4,394	66	2	Flat
£640K	12/21	0.31 mi	105, Birchanger Road, London, Greater London SE25 5BH	-	-	2	Flat
£250K	02/21	0.35 mi	14, St Marks Road, London, Greater London SE25 4UH	£3,378	74	2	Flat
£360K	01/21	0.38 mi	4, Ingatestone Road, London, Greater London SE25 4LG	£4,615	78	2	Flat
£285K	01/21	0.38 mi	3, Ingatestone Road, London, Greater London SE25 4LG	£5,377	53	2	Flat
£386K	03/23	0.38 mi	47, Ingatestone Road, London, Greater London SE25 4LG	£5,594	69	2	Flat
£360K	08/23	0.38 mi	34, Ingatestone Road, London, Greater London SE25 4LG	£4,932	73	2	Flat
£245K	12/21	0.4 mi	15, Hardcastle Close, Croydon, Greater London CR0 6XQ	-	-	2	Flat
£325K	01/21	0.41 mi	98, Albert Road, London, Greater London SE25 4JW	£5,909	55	2	Flat
£355K	01/23	0.41 mi	299, Holmesdale Road, London, Greater London SE25 6PR	£5,299	67	2	Flat
£265.5K	02/21	0.43 mi	Flat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW	-	-	2	Flat
£318K	01/23	0.43 mi	Flat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW	-	-	2	Flat
£200K	06/21	0.45 mi	7, Coe Avenue, London, Greater London SE25 5HN	£5,882	34	2	Flat
£365K	12/20	0.48 mi	Flat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£362K	03/21	0.48 mi	Flat 7, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT	-	-	2	Flat
£365K	01/21	0.48 mi	36, Archer Road, London, Greater London SE25 4JN	£5,794	63	2	Flat
£300K	09/21	0.48 mi	50, Archer Road, London, Greater London SE25 4JN	£5,348	56	2	Flat
£280K	08/21	0.49 mi	Flat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW	-	-	2	Flat
£350K	01/21	0.5 mi	115, Harrington Road, London, Greater London SE25 4NP	£6,354	55	2	Flat
£345K	03/21	0.5 mi	197, Woodside Green, London, Greater London SE25 5EN	£4,259	81	2	Flat
£292.5K	12/20	0.52 mi	25a, Lancaster Road, London, Greater London SE25 4BJ	£6,094	48	2	Flat
£260K	02/21	0.57 mi	58, Woodside Green, London, Greater London SE25 5EU	£3,848	68	2	Flat
£265K	06/21	0.57 mi	43, St Lukes Close, London, Greater London SE25 4SY	£3,897	68	2	Flat
£273K	06/21	0.57 mi	51, St Lukes Close, London, Greater London SE25 4SY	£4,136	66	2	Flat
£289K	06/21	0.57 mi	41, St Lukes Close, London, Greater London SE25 4SY	£4,129	70	2	Flat
£260K	03/23	0.58 mi	94, Whitworth Road, London, Greater London SE25 6XL	-	-	2	Flat
£207.5K	07/21	0.6 mi	221a, Whitehorse Lane, London, Greater London SE25 6UU	-	-	2	Flat
£297.5K	02/21	0.61 mi	31a, Southcote Road, London, Greater London SE25 4RG	£6,629	45	2	Flat
£280K	01/23	0.62 mi	269a, Whitehorse Lane, London, Greater London SE25 6UP	£4,912	57	2	Flat
£328.8K	02/23	0.62 mi	Flat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ	-	-	2	Flat
£262K	03/21	0.63 mi	18, Brampton Road, Croydon, Greater London CR0 6JN	£5,574	47	2	Flat
£259.5K	01/21	0.63 mi	32, Brampton Road, Croydon, Greater London CR0 6JN	£4,325	60	2	Flat
£288K	02/21	0.64 mi	68a, Holmesdale Road, London, Greater London SE25 6JF	£5,333	54	2	Flat
£346K	01/21	0.65 mi	51a, Dagnall Park, London, Greater London SE25 5EG	£4,873	71	2	Flat
£275K	10/20	0.66 mi	Flat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH	-	-	2	Flat
£315K	02/23	0.67 mi	Flat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN	-	-	2	Flat
£298K	01/23	0.68 mi	Flat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT	-	-	2	Flat
£320K	12/22	0.74 mi	Flat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN	-	-	2	Flat
£337.5K	12/20	0.75 mi	74, Dartnell Road, Croydon, Greater London CR0 6JA	£6,136	55	2	Flat
£295K	12/22	0.76 mi	63b, Saxon Road, London, Greater London SE25 5EH	-	-	2	Flat
£235K	02/23	0.76 mi	430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB	-	-	2	Flat
£300K	11/20	0.79 mi	13, Haysleigh Gardens, London, Greater London SE20 8SS	£6,977	43	2	Flat
£265K	03/23	0.8 mi	Flat 4, Haysleigh House, Croydon Road, London, Greater London SE20 7YT	-	-	2	Flat
£265K	01/23	0.82 mi	42, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,000	53	2	Flat
£257K	08/21	0.83 mi	33, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,039	51	2	Flat
£266K	02/23	0.83 mi	30, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,542	48	2	Flat

Local Rents

48 rents from £1.3K/mo to £2.8K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	10/24	0.03 mi	-	2	Terraced House
£1,700	08/24	0.05 mi	Sidney Road, South Norwood	2	Terraced House
£1,650	08/24	0.07 mi	Percy Road	2	Flat
£1,600	09/24	0.18 mi	-	2	Flat
£2,600	11/24	0.18 mi	-	2	Flat
£2,800	04/25	0.18 mi	-	2	Flat
£1,750	08/24	0.18 mi	-	2	Flat
£1,850	04/25	0.18 mi	-	2	Flat
£1,600	10/24	0.18 mi	-	2	Flat
£1,700	03/25	0.18 mi	-	2	Flat
£1,550	08/24	0.19 mi	Station Road, London, SE25	2	Flat
£1,700	08/24	0.19 mi	Crowther Road, London, SE25	2	Flat
£1,600	08/24	0.19 mi	Norwood Junction High Street, London, SE25	2	Flat
£1,900	08/24	0.2 mi	Enmore Road, Croydon, London, SE25	2	Flat
£1,800	03/25	0.21 mi	-	2	Flat
£1,500	08/24	0.22 mi	Balfour Road, South Norwood, SE25	2	Flat
£1,700	08/24	0.23 mi	Watson Place, South Norwood, London, SE25	2	Flat
£1,500	02/24	0.23 mi	-	2	Flat
£1,850	08/24	0.23 mi	Alfred Road, London, SE25	2	Terraced House
£1,950	08/24	0.24 mi	-	2	Flat
£1,700	08/24	0.24 mi	Alfred Road, London, SE25	2	Terraced House
£1,750	08/24	0.24 mi	Selhurst Road, London, SE25	2	Flat
£1,800	11/24	0.25 mi	-	2	Terraced House
£1,400	09/24	0.25 mi	Tennison Road, South Norwood, SE25	2	Flat
£1,650	01/25	0.25 mi	-	2	Flat
£1,700	08/24	0.26 mi	-	2	Flat
£1,700	10/24	0.26 mi	-	2	Flat
£1,700	08/24	0.26 mi	Watson Place, South Norwood, London, SE25	2	Flat
£1,300	08/24	0.27 mi	High Street London SE25	2	Flat
£1,650	08/24	0.27 mi	-	2	Flat
£1,700	03/25	0.27 mi	-	2	Flat
£1,950	11/24	0.27 mi	-	2	Flat
£1,600	08/24	0.28 mi	Portland Road, London	2	Flat
£1,452	09/24	0.28 mi	High Street, South Norwood, SE25	2	Flat
£1,700	08/24	0.28 mi	Portland Road, London	2	Flat
£1,700	08/24	0.28 mi	Portland Road, London	2	Flat
£1,600	08/24	0.29 mi	-	2	Terraced House
£1,465	09/24	0.29 mi	-	2	Flat
£1,465	10/24	0.29 mi	-	2	Flat
£1,800	03/25	0.29 mi	-	2	Flat
£1,800	08/24	0.29 mi	-	2	Flat
£1,595	08/24	0.3 mi	Boston Court, Selhurst Road, South Norwood, SE25	2	Flat
£1,450	02/24	0.3 mi	-	2	Flat
£1,500	03/25	0.3 mi	-	2	Flat
£1,450	03/25	0.31 mi	-	2	Flat
£1,650	08/24	0.32 mi	Coventry Road, London, SE25	2	Flat
£1,550	09/24	0.32 mi	-	2	Flat
£1,550	08/24	0.32 mi	Pheonix Court, Croydon, SE25	2	Flat

Local Area Statistics

Population in SE25	34,49534,495
Population in London	4,771,9214,771,921
Town centre distance	9.32 miles away9.32 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £250,000

March 26, 2025

Description

This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than two working days from the bidding closing time +
This listing is provided in association with Foxtons, London's leading estate agent. +
Bright open-plan reception room with access to a balcony +
Stylish kitchen with fully integrated appliances +
Master bedroom with built-in wardrobes +
Off-street allocated parking space +
Weekly cleaner for communal areas of building +
Beautiful South-East facing balcony +
Gross internal floor area is approximately 575 Sq Ft (53 Sq M) +
Online Auction on Thursday, 24 April 2025 +

Offering stylish and modern accommodation throughout, this beautiful two bedroom flat is flooded with natural light offering a private balcony and off-street allocated parking. Additional Comments BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons. Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams. Subject to confirmation This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of you and the vendor.

Location:
This property boasts a close proximity to Norwood Junction Station which offers plenty of services into central London. Also nearby are a wealth of amenities found in South Norwood.

Accomodation:
Second floor: reception room/kitchen, two bedrooms, bathroom, balcony.

Online Auction on Thursday, 24 April 2025. For further information, such as legal documents and property information, please visit bidx1.com.

Agent Details

BidX1, London

020 3910 6202

Next Steps?

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

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