2 Bed Flat, Single Let, London, SE15 3LF, £360,000

Linden Grove, London, SE15 3LF - 16 days ago

Leasehold

Auction

BTL

ROI: 3%

~68 m²

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£5.3K/m²
Value Estimate	£446,400£446,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£90,000£90,000
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£114,700£114,700

Cash Out
Rent Range	£1,550 - £3,450£1,550 - £3,450
Rent Estimate	£1,800
Running Costs/mo	£1,505£1,505
Cashflow/mo	£295£295
Cashflow/yr	£3,540£3,540
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £250K to £780K, average is £470K. £5.3K/m² to £14.8K/m², average is £7.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£415K	01/21	0.02 mi	40b, Linden Grove, London, Greater London SE15 3LF	£7,034	59	2	Flat
£600K	06/21	0.07 mi	52, Nunhead Lane, London, Greater London SE15 3TU	£8,000	75	2	Flat
£440K	01/23	0.17 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£375K	03/21	0.17 mi	Flat 10, Goodwin House, Nunhead Crescent, London, Greater London SE15 3PG	-	-	2	Flat
£450K	06/23	0.17 mi	78, Tappesfield Road, London, Greater London SE15 3EZ	£6,598	68	2	Flat
£373K	05/21	0.18 mi	Flat 57, Brookstone Court, Peckham Rye, London, Greater London SE15 3UW	-	-	2	Flat
£360K	06/23	0.19 mi	Flat 31, Tilling House, Nunhead Estate, London, Greater London SE15 3PQ	-	-	2	Flat
£600K	11/20	0.2 mi	177a, Peckham Rye, London, Greater London SE15 3HZ	£8,571	70	2	Flat
£426K	10/21	0.23 mi	79, Manaton Close, London, Greater London SE15 3PW	£7,100	60	2	Flat
£470K	06/21	0.23 mi	67, Manaton Close, London, Greater London SE15 3PW	£6,438	73	2	Flat
£460K	09/21	0.24 mi	Flat 15, Howard Court, Peckham Rye, London, Greater London SE15 3PH	-	-	2	Flat
£250K	11/20	0.25 mi	Flat 28, Frome House, Peckham Rye, London, Greater London SE15 3JE	-	-	2	Flat
£365K	03/23	0.29 mi	12, Symons Close, London, Greater London SE15 3SF	£6,083	60	2	Flat
£309K	06/21	0.29 mi	Flat 26, Welland House, Peckham Rye, London, Greater London SE15 3JG	-	-	2	Flat
£607.5K	03/21	0.36 mi	14a, Wroxton Road, London, Greater London SE15 2BN	£14,817	41	2	Flat
£400K	06/23	0.37 mi	Flat 6, Mayfair Court, Fenwick Road, London, Greater London SE15 4HR	-	-	2	Flat
£530K	01/21	0.37 mi	33a, Fenwick Road, London, Greater London SE15 4HS	£9,298	57	2	Flat
£477.5K	12/20	0.44 mi	117b, Brayards Road, London, Greater London SE15 2BX	£6,201	77	2	Flat
£345K	05/21	0.45 mi	Flat 11, Station Court, Gibbon Road, London, Greater London SE15 2AP	-	-	2	Flat
£550K	06/21	0.45 mi	34, Ivydale Road, London, Greater London SE15 3BS	£9,496	58	2	Flat
£645K	02/21	0.46 mi	133a, Kirkwood Road, London, Greater London SE15 2BG	-	-	2	Flat
£320K	03/21	0.47 mi	Flat 18, St. Asaph Court, St Asaph Road, London, Greater London SE4 2EE	-	-	2	Flat
£460K	04/21	0.47 mi	Second Floor Flat At, 27, Oakhurst Grove, London, Greater London SE22 9AH	-	-	2	Flat
£435K	02/21	0.47 mi	39, Stuart Road, London, Greater London SE15 3BE	£8,700	50	2	Flat
£370K	07/23	0.47 mi	33, Stuart Road, London, Greater London SE15 3BE	£7,872	47	2	Flat
£528K	01/21	0.48 mi	54b, Keston Road, London, Greater London SE15 4JB	£6,684	79	2	Flat
£625K	03/21	0.48 mi	14b, Howden Street, London, Greater London SE15 4LB	£8,333	75	2	Flat
£345K	01/23	0.49 mi	Ground Floor Flat, 51, Oakhurst Grove, London, Greater London SE22 9AH	£6,273	55	2	Flat
£335K	03/21	0.5 mi	3, Beacon Gate, London, Greater London SE14 5UB	£6,321	53	2	Flat
£385K	09/21	0.5 mi	14, Beacon Gate, London, Greater London SE14 5UB	£7,130	54	2	Flat
£387.5K	06/21	0.52 mi	9, Evelina Road, London, Greater London SE15 2DX	£5,308	73	2	Flat
£430K	07/23	0.52 mi	15, Evelina Road, London, Greater London SE15 2DX	£5,733	75	2	Flat
£453.2K	02/21	0.55 mi	Ground Floor Flat, 61, Upland Road, London, Greater London SE22 0DA	£7,681	59	2	Flat
£395K	02/23	0.55 mi	29a, St Marys Road, London, Greater London SE15 2EA	-	-	2	Flat
£780K	11/21	0.55 mi	57a, Choumert Road, London, Greater London SE15 4AR	-	-	2	Flat
£575K	11/20	0.55 mi	23b, Adys Road, London, Greater London SE15 4DX	£7,372	78	2	Flat
£600K	11/20	0.56 mi	50b, Adys Road, London, Greater London SE15 4DZ	£10,345	58	2	Flat
£587.5K	05/21	0.56 mi	26a, Crystal Palace Road, London, Greater London SE22 9HB	£10,880	54	2	Flat
£500K	07/23	0.58 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£500K	07/23	0.58 mi	First Floor Maisonette, 49, Hichisson Road, London, Greater London SE15 3AN	-	-	2	Flat
£615K	07/21	0.58 mi	76b, Lausanne Road, London, Greater London SE15 2JB	£6,406	96	2	Flat
£495.9K	03/21	0.58 mi	11a, Drakefell Road, Brockley, London, Greater London SE14 5SL	-	-	2	Flat
£622.5K	06/21	0.61 mi	49, Worlingham Road, London, Greater London SE22 9HD	-	-	2	Flat
£687.5K	07/23	0.61 mi	8a, Worlingham Road, London, Greater London SE22 9HD	£10,742	64	2	Flat
£530K	04/23	0.61 mi	18a, Surrey Road, London, Greater London SE15 3AU	-	-	2	Flat
£500K	04/23	0.63 mi	59, Surrey Road, London, Greater London SE15 3AS	£6,515	77	2	Flat
£536.5K	06/23	0.63 mi	23, Surrey Road, London, Greater London SE15 3AS	£9,093	59	2	Flat
£410K	08/21	0.63 mi	Flat 9, Ernest Simmonds House, Dennetts Road, London, Greater London SE14 5LN	-	-	2	Flat
£640K	03/21	0.64 mi	49a, Drakefell Road, London, Greater London SE14 5SH	£12,075	53	2	Flat
£618.5K	06/21	0.64 mi	Ground And First Floor Flat, 180, Waller Road, New Cross, London, Greater London SE14 5LU	-	-	2	Flat
£535K	06/21	0.64 mi	312a, Ivydale Road, London, Greater London SE15 3DG	-	-	2	Flat

Local Rents

45 rents from £1.6K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	11/24	0.01 mi	-	2	Flat
£1,800	08/24	0.03 mi	-	2	Flat
£2,200	10/24	0.03 mi	-	2	Flat
£1,850	08/24	0.03 mi	Linden Grove Peckham SE15	2	Flat
£1,600	04/25	0.04 mi	-	2	Flat
£2,250	04/25	0.05 mi	-	2	Semi-Detached House
£2,300	08/24	0.06 mi	Carden Road Nunhead SE15	2	Flat
£2,201	08/24	0.06 mi	-	2	Flat
£2,000	08/24	0.07 mi	Tilling House, Nunhead Estate, Peckham, SE15	2	Flat
£2,750	08/24	0.1 mi	Basi Terrace	2	Terraced House
£1,995	08/24	0.11 mi	Linden Grove Peckham SE15	2	Flat
£1,800	02/24	0.15 mi	-	2	Flat
£2,100	02/24	0.15 mi	-	2	Flat
£1,970	02/24	0.15 mi	-	2	Flat
£2,050	10/24	0.15 mi	-	2	Flat
£2,200	11/24	0.15 mi	-	2	Flat
£2,145	09/24	0.17 mi	Aura Court, 163 Peckham Rye, Peckham, London, SE15 3GW	2	Flat
£2,575	03/25	0.17 mi	-	2	Flat
£2,300	02/25	0.18 mi	-	2	Flat
£2,100	08/24	0.18 mi	Gordon Road Nunhead SE15	2	Flat
£1,800	08/24	0.18 mi	Peckham Rye, London SE15	2	Flat
£2,300	04/25	0.19 mi	-	2	Flat
£2,200	04/25	0.21 mi	-	2	Flat
£2,250	08/24	0.21 mi	Waveney Avenue, Peckham Rye, London, SE15	2	House
£2,000	08/24	0.24 mi	-	2	Flat
£3,000	03/25	0.25 mi	-	2	Flat
£2,200	08/24	0.25 mi	Huguenot Square London SE15	2	Flat
£1,800	11/24	0.27 mi	-	2	Flat
£1,550	08/24	0.27 mi	Rye Hill Park, London, SE15	2	Flat
£2,200	08/24	0.28 mi	Rye Hill Park Peckham SE15	2	Flat
£2,300	08/24	0.28 mi	Heaton Road, Peckham, London, SE15	2	Flat
£2,625	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,700	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,625	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£3,450	08/24	0.3 mi	Heaton Road London SE15	2	Flat
£2,500	08/24	0.3 mi	Peckham Rye, Peckham, London, SE15	2	Flat
£2,500	08/24	0.3 mi	Peckham Rye, Peckham Rye, London, SE15	2	Flat
£2,500	08/24	0.3 mi	Peckham Rye, 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	4.88 miles away4.88 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.40 miles away0.40 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 £360,000

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. +
Delightful two bedroom flat on the first floor +
Bright reception room +
Two well-sized double bedrooms +
Separate modern kitchen +
Communal garden and off-street parking +
Gross internal floor area is approximately 548 Sq Ft (50.91 Sq M) +
Online Auction on Thursday, 24 April 2025 +

Situated on the first floor, this delightful two bedroom flat boasts a bright reception room, two sizable double bedrooms, modern kitchen, sleek bathroom, communal garden and off-street 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:
Located in the residential area of Nunhead, this property offers easy access to shops, restaurants and cafes within Peckham town centre and large open green space short walking distance away.

Accomodation:
First floor: reception/dining room, kitchen, two bedrooms, bathroom.

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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.