2 Bed Flat, Single Let, London, SE23 3XU, £350,000

Dartmouth Road, Forest Hill, SE23 3XU - 1 views - 21 days ago

Leasehold

BTL

ROI: 1%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£250K - £595K
Sold Prices/m²	£1.7K/m² - £8.5K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£430,023£430,023
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£113,700£113,700

Cash Out
Rent Range	£1,460 - £3,000£1,460 - £3,000
Rent Estimate	£1,500
Running Costs/mo	£1,414£1,414
Cashflow/mo	£86£86
Cashflow/yr	£1,035£1,035
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £595K, average is £373.8K. £1.7K/m² to £8.5K/m², average is £6.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£335K	04/23	0.11 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat
£427.5K	08/21	0.16 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£350K	06/23	0.16 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.16 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.16 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.16 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£395K	12/20	0.18 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.18 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£455K	02/23	0.19 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£539K	12/20	0.21 mi	Flat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP	-	-	2	Flat
£355K	04/21	0.21 mi	141, Dartmouth Road, London, Greater London SE23 3HX	£5,000	71	2	Flat
£335K	12/20	0.23 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£375K	02/21	0.23 mi	Flat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	2	Flat
£293K	06/21	0.23 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£365K	03/21	0.25 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat
£375K	06/21	0.26 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£335K	06/23	0.26 mi	95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT	£5,076	66	2	Flat
£595K	06/23	0.26 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£400K	12/20	0.27 mi	76c, Honor Oak Road, London, Greater London SE23 3RR	£6,667	60	2	Flat
£320K	12/20	0.28 mi	37, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,923	65	2	Flat
£312.5K	03/23	0.28 mi	43, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,596	68	2	Flat
£450K	02/24	0.28 mi	Flat 1, Mayode House, Round Hill, London, Greater London SE26 4RF	£7,258	62	2	Flat
£465K	12/20	0.29 mi	23b, Rockbourne Road, London, Greater London SE23 2DA	£1,729	269	2	Flat
£370K	06/23	0.3 mi	82, Bampton Road, London, Greater London SE23 2AX	£6,491	57	2	Flat
£400K	06/23	0.3 mi	84, Bampton Road, London, Greater London SE23 2AX	£6,966	57	2	Flat
£387.5K	12/21	0.3 mi	38a, Rockbourne Road, London, Greater London SE23 2DD	-	-	2	Flat
£372.5K	06/21	0.3 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£320K	07/23	0.31 mi	Flat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP	-	-	2	Flat
£312.5K	04/23	0.31 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat
£250K	06/21	0.32 mi	90a, Devonshire Road, London, Greater London SE23 3SX	£4,984	50	2	Flat
£367K	09/23	0.32 mi	181, Longfield Crescent, Sydenham, London, Greater London SE26 4DR	£5,646	65	2	Flat
£426K	04/21	0.33 mi	24, Sydenham Park Road, London, Greater London SE26 4ED	£6,174	69	2	Flat
£322.5K	06/23	0.34 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£290K	11/20	0.36 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£398.5K	10/21	0.36 mi	96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS	£5,175	77	2	Flat
£350K	12/20	0.36 mi	38b, Ewelme Road, London, Greater London SE23 3BH	£8,537	41	2	Flat
£500K	01/23	0.39 mi	Flat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH	-	-	2	Flat
£450K	05/21	0.4 mi	61, Sydenham Park Road, London, Greater London SE26 4DL	£5,294	85	2	Flat
£315K	09/21	0.41 mi	24 Ashton Heights, Horniman Drive, London, Greater London SE23 3BS	-	-	2	Flat
£485K	02/23	0.41 mi	Ground Floor Flat, 133, Honor Oak Road, London, Greater London SE23 3SL	-	-	2	Flat
£445K	07/23	0.41 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£325K	06/21	0.42 mi	Flat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP	-	-	2	Flat
£450K	03/21	0.43 mi	37b, Siddons Road, London, Greater London SE23 2JH	£7,483	60	2	Flat
£320K	11/20	0.45 mi	Flat 3, Baxter House, Horniman Drive, London, Greater London SE23 3BJ	-	-	2	Flat
£375K	05/21	0.45 mi	Flat 30, Bromleigh Court, Sydenham Hill, London, Greater London SE23 3PW	-	-	2	Flat
£567.5K	06/23	0.45 mi	47, Farren Road, London, Greater London SE23 2DZ	£7,006	81	2	Flat
£435.8K	08/21	0.46 mi	24, Shipman Road, London, Greater London SE23 2DY	£6,704	65	2	Flat
£350K	07/23	0.46 mi	150c, Devonshire Road, London, Greater London SE23 3SZ	£7,674	46	2	Flat
£460K	11/20	0.47 mi	14a, Sydenham Park, London, Greater London SE26 4EQ	£6,970	66	2	Flat
£380K	08/23	0.48 mi	Lower Flat, 233, Dartmouth Road, London, Greater London SE26 4QY	-	-	2	Flat

Local Rents

50 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	09/24	0 mi	Dartmouth Road, Forest Hill, London, SE23	2	Flat
£1,650	08/24	0.04 mi	London Road, London, SE23	2	Flat
£2,125	04/25	0.05 mi	-	2	Flat
£1,650	08/24	0.05 mi	Windley Close, Forest Hill, SE23	2	Flat
£1,800	08/24	0.05 mi	Hamlet House, London, SE23	2	Flat
£1,800	09/24	0.05 mi	-	2	Flat
£1,650	11/24	0.05 mi	-	2	Flat
£1,750	08/24	0.06 mi	Bird in Hand Mews, London, SE23	2	Flat
£1,650	08/24	0.06 mi	Bird In Hand Mews, London, United Kingdom, SE23	2	Flat
£2,000	10/24	0.06 mi	-	2	Flat
£1,800	11/24	0.09 mi	-	2	Flat
£2,200	08/24	0.09 mi	London Road London SE23	2	Flat
£1,800	08/24	0.1 mi	Perry Vale, Forest Hill, SE23	2	Flat
£1,750	08/24	0.11 mi	Dartmouth Place, Forest Hill, London, SE23	2	Flat
£3,000	08/24	0.11 mi	Havelock Walk London SE23	2	Flat
£2,000	03/25	0.11 mi	-	2	Flat
£1,895	08/24	0.12 mi	London Road, London, SE23	2	Flat
£1,795	08/24	0.12 mi	London Road, London, SE23	2	Flat
£2,200	09/24	0.13 mi	Hindsleys Place London SE23	2	Flat
£1,600	02/24	0.14 mi	-	2	House
£2,100	08/24	0.15 mi	-	2	Flat
£1,650	10/24	0.16 mi	-	2	Flat
£1,500	02/24	0.16 mi	-	2	Flat
£2,400	11/24	0.16 mi	-	2	Flat
£1,850	08/24	0.16 mi	Westbourne Drive, SE23	2	Flat
£2,300	08/24	0.16 mi	Taymount Rise London SE23	2	Flat
£1,995	02/24	0.17 mi	-	2	House
£1,460	02/25	0.17 mi	-	2	Flat
£1,460	02/25	0.17 mi	-	2	Flat
£2,000	08/24	0.17 mi	Devonshire Road, Forest Hill, SE23	2	Flat
£1,900	08/24	0.17 mi	-	2	Flat
£2,650	02/25	0.18 mi	-	2	Flat
£1,800	11/24	0.18 mi	-	2	Flat
£2,000	08/24	0.18 mi	Taymount Rise, London, SE23	2	Flat
£1,600	09/24	0.18 mi	Taymount Grange, Forest Hill, SE23	2	Flat
£1,800	08/24	0.18 mi	Taymount Rise, Forest Hill SE23	2	Flat
£2,000	08/24	0.19 mi	Forest Hill, London, SE23	2	Flat
£2,000	09/24	0.19 mi	-	2	Flat
£1,950	12/24	0.19 mi	-	2	Flat
£1,980	03/25	0.19 mi	-	2	Flat
£1,650	08/24	0.2 mi	Taymount Rise, Forest Hill, London, SE23	2	Flat
£2,250	08/24	0.21 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.21 mi	Stanstead Road, London SE23	2	Flat
£2,000	08/24	0.21 mi	Stanstead Road London SE23	2	Flat
£1,750	11/24	0.21 mi	-	2	Flat
£1,900	03/25	0.21 mi	-	2	Flat
£1,850	02/25	0.22 mi	-	2	Flat
£1,550	08/24	0.22 mi	Dacres Road, London, SE23	2	Flat
£1,850	08/24	0.23 mi	Andrew Court, 38 Church Rise, London, SE23	2	Flat
£1,500	08/24	0.23 mi	-	2	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.58 miles away6.58 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £350,000

March 27, 2025

Floor Plans

Description

Two bedrooms +
Top floor +
Recently refurbished +
0.2m from Forest Hill sta +
599 sqr ft +
EPC C +

A perfectly situated top floor two bedroom apartment, recently decorated, well presented and walking distance to Forest Hill station and amenities.

Agent Details

Kinleigh Folkard & Hayward - Sales, Forest Hill

020 3835 5504

Next Steps?

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

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