2 Bed Flat, Single Let, London, SE24 9BH, £575,000

Norwood Road, Herne Hill, SE24 9BH - 7 months ago

BTL
~87 m²
+4 photos

ValuationUndervalued

Sold Prices£260K - £1.1M
Sold Prices/m²£3K/m² - £12.8K/m²

 

 

Square Metres

~86.71 m²
Price/m²£6.6K/m²

Value Estimate

£696,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Total Cash In

£189,950

 

 

Cash Out

 

Rent Range

£1,550 - £2,900

Rent Estimate

£1,602

Running Costs/mo

£2,137

Cashflow/mo

£-535

Cashflow/yr

£-6,423

Gross Yield

3%

Local Sold Prices

50 sold prices from £260K to £1.1M, average is £490K. £3K/m² to £12.8K/m², average is £8K/m².

PriceDateDistanceAddressBeds 
£610K06/210.01 mi30a, Norwood Road, London, Greater London SE24 9BH2
£580K06/210.01 mi26c, Norwood Road, London, Greater London SE24 9BH2
£470K04/230.02 mi225b, Norwood Road, London, Greater London SE24 9AG2
£636.5K11/210.07 mi38, Trinity Rise, Tulse Hill, London, Greater London SW2 2QR2
£725K04/210.12 mi45a, Deronda Road, London, Greater London SE24 9BQ2
£908K02/210.12 mi61, Deronda Road, London, Greater London SE24 9BQ2
£1.1M04/210.13 mi20, Berwyn Road, London, Greater London SE24 9BD2
£325K04/210.14 mi18, Peabody Hill, London, Greater London SE21 8LD2
£425K03/230.14 miGround Floor Flat, 112, Norwood Road, London, Greater London SE24 9BB2
£354K02/210.16 miFlat A, 315, Norwood Road, London, Greater London SE24 9AQ2
£510K04/210.16 miGround Floor Flat, 151, Norwood Road, London, Greater London SE24 9AF2
£500K06/210.17 miGround Floor Flat, 205, Norwood Road, London, Greater London SE24 9AF2
£565K03/210.18 mi9a, Deerbrook Road, London, Greater London SE24 9BE2
£447K03/230.18 mi9c, Deerbrook Road, London, Greater London SE24 9BE2
£540K03/210.2 mi41a, Romola Road, London, Greater London SE24 9BA2
£349K09/210.21 mi28c, Romola Road, London, Greater London SE24 9AZ2
£545K04/210.22 mi28a, Romola Road, London, Greater London SE24 9AZ2
£495K01/210.25 mi7, St Faiths Road, London, Greater London SE21 8JD2
£438.5K12/200.31 miGround Floor Flat, 22, Abbots Park, London, Greater London SW2 3QD2
£325K06/210.31 miFlat 5, Tebbs House, Upper Tulse Hill, London, Greater London SW2 2PJ2
£360K03/230.36 mi37b, Thurlow Park Road, London, Greater London SE21 8JP2
£545K11/200.37 mi33, Thurlow Hill, London, Greater London SE21 8JW2
£417.5K05/210.37 mi7, Birkbeck Place, London, Greater London SE21 8JU2
£415K12/200.38 mi8, Thurlow Hill, London, Greater London SE21 8JN2
£616K09/210.41 mi175, Croxted Road, London, Greater London SE21 8NL2
£623K08/230.41 mi213, Croxted Road, London, Greater London SE21 8NL2
£680K08/210.42 mi2a, Probyn Road, London, Greater London SW2 3LH2
£360K11/210.45 mi21c, Elmcourt Road, London, Greater London SE27 9BX2
£615K11/200.45 mi108a, Croxted Road, London, Greater London SE21 8NR2
£295K09/200.47 mi68g, Thurlow Park Road, London, Greater London SE21 8HZ2
£280K04/230.48 miFlat 25, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£335K07/230.48 miFlat 12, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£340K11/220.51 miFlat 64, Orford Court, Elmcourt Road, London, Greater London SE27 9DB2
£400K03/230.54 miFlat 15, William Brown Court, Norwood Road, London, Greater London SE27 9DD2
£360K03/210.54 miFlat 18, William Brown Court, Norwood Road, London, Greater London SE27 9DD2
£600K11/200.56 miFlat A, 47, Medora Road, London, Greater London SW2 2LW2
£547.5K07/230.56 miFirst Floor Flat, 45, Medora Road, London, Greater London SW2 2LW2
£485K06/230.57 mi124c, Thurlow Park Road, London, Greater London SE21 8HP2
£550K04/210.57 mi124b, Thurlow Park Road, London, Greater London SE21 8HP2
£680K05/210.58 mi26, Hurst Street, London, Greater London SE24 0EG2
£260K05/210.58 miFlat 93, Purser House, Tulse Hill, London, Greater London SW2 2JB2
£425.5K05/230.6 mi135, Thurlow Park Road, London, Greater London SE21 8JJ2
£635K11/210.61 miFlat 7, Donne Court, Burbage Road, London, Greater London SE24 9HH2
£569K02/210.62 mi45, Dulwich Road, London, Greater London SE24 0NJ2
£357.5K11/200.62 mi15, Roupell Road, London, Greater London SW2 3EL2
£600K02/210.64 mi319, Milkwood Road, London, Greater London SE24 0HA2
£380K11/210.64 mi65b, Brailsford Road, London, Greater London SW2 2TB2
£550K06/230.64 miFirst Floor Flat, 61, Brailsford Road, London, Greater London SW2 2TB2
£395K05/210.64 miFlat 15, Dulwich Mead, Half Moon Lane, London, Greater London SE24 9HS2
£410K11/200.65 miFlat 2, Pynnersmead, Herne Hill, London, Greater London SE24 9LU2

Local Rents

50 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,70009/240.01 miNorwood Road, Herne Hill, SE242
£1,90008/240.02 miNorwood Road, Herne Hill, SE242
£2,59512/240.08 mi-2
£1,60003/250.09 mi-2
£2,00008/240.11 mi-2
£2,00008/240.11 mi-2
£1,80708/240.12 miNorwood Road, SE242
£1,60308/240.12 miNorwood Road, SE242
£1,80009/240.12 miDeronda Road, London, SE242
£2,60009/240.13 mi-2
£2,60009/240.13 miTrinity Rise, London, SW22
£2,60008/240.13 miDeronda Road, London, SE242
£1,70008/240.13 miNorwood Road Herne Hill SE242
£2,60009/240.15 mi-2
£2,40010/240.16 mi-2
£1,65009/240.16 mi-2
£2,00012/240.16 mi-2
£1,95008/240.18 miPeabody Estate, Rosendale Road, London, SE242
£1,80008/240.2 miRomola Road Herne Hill SE242
£2,15002/240.2 mi-2
£2,20010/240.21 mi-2
£2,00010/240.21 mi-2
£2,35008/240.21 miRosendale Road, London2
£2,75008/240.21 miPeabody Cottages, Herne Hill, London, SE242
£2,90011/240.23 mi-2
£1,80008/240.23 miRomola Road, Herne Hill2
£1,95008/240.23 mi-2
£1,95008/240.23 miLondon, Brixton, Herne Hill, Tulse Hill, West Dulwich, SE242
£2,20011/240.25 mi-2
£1,95010/240.26 mi-2
£1,95010/240.28 mi-2
£2,20001/250.29 mi-2
£2,25001/250.29 mi-2
£2,00008/240.29 miThurlow Park Road, London, SE21 8JB2
£1,85009/240.31 miTulse Hill, SW22
£2,00009/240.31 miTebbs House, Tulse Hill2
£2,05009/240.31 miChurston Close, Tulse Hill London SW22
£2,50012/240.33 mi-2
£2,50012/240.33 mi-2
£2,50001/250.33 mi-2
£2,50003/250.33 mi-2
£2,30002/250.35 mi-2
£1,85012/240.38 mi-2
£2,00001/250.38 mi-2
£1,55008/240.38 miStation Rise, SE272
£2,19511/230.38 miStation Rise, West Norwood , London, SE272
£2,45008/240.38 miThurlow Hill, West Dulwich, London, SE212
£2,16708/240.38 miThurlow Hill, London, SE21 8JN2
£2,65008/240.38 miThurlow Hill London SE212
£2,10001/250.38 mi-2

Local Area Statistics

Population in SE24

18,761

Population in London

4,771,921

Town centre distance

5.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £575,000

February 16, 2025

Listed for £600,000

August 30, 2024

Floor Plans

Description

  • Chain free +
  • Private garden +
  • Share of freehold +
  • Close proximity to Brockwell Park +
  • Excellent transport links to The City +
  • EPC rating: D +

Oaks Estate Agents is proud to present this spectacular two-bedroom ground floor period conversion with a private garden in Herne Hill, just moments from the stunning Brockwell Park.

Offering over 930 sq. ft of internal living space, this property boasts a unique layout that creates a spacious, open-plan feel. The light-filled living room seamlessly connects to the large kitchen, making it perfect for hosting friends and family. The bright orangery provides access to the garden and leads to two double bedrooms, with the master bedroom featuring bi-fold doors that open directly onto the garden.

Additional benefits include a spacious basement, side access, and a share of the freehold. This property is truly a rare find.
Perfectly situated on Norwood Road, this property offers close proximity to the beautiful Brockwell Park, a lush green space ideal for leisurely strolls, picnics, and outdoor activities. With its stunning scenery and excellent recreational facilities, the park provides a serene retreat for individuals and families alike.

In addition to the park's appeal, the location boasts excellent connectivity to the surrounding areas, with both Herne Hill and Tulse Hill stations just a short walk away. We highly recommend contacting us at your earliest convenience to avoid disappointment.

Agent Details

Oaks Estate Agents, Tulse Hill

020 3889 9151

Next Steps?

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