2 Bed Flat, Single Let, London, SE23 2QG, £290,000

Paxton Road, Forest hill, SE23 2QG 2 - 5 views - 6 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£252K - £818K
Sold Prices/m²	£4K/m² - £11K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£348,000£348,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£11,900£11,900
Total Cash In	£84,400£84,400

Cash Out
Rent Range	£1,400 - £2,500£1,400 - £2,500
Rent Estimate	£1,478
Running Costs/mo	£1,222£1,222
Cashflow/mo	£256£256
Cashflow/yr	£3,074£3,074
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £252K to £818K, average is £425K. £4K/m² to £11K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£455K	09/21	0.07 mi	98, Queenswood Road, London, Greater London SE23 2QS	£6,163	74	2	Flat
£478K	08/21	0.08 mi	Ground Floor Flat, 4, Perry Rise, London, Greater London SE23 2QL	£6,732	71	2	Flat
£818K	02/23	0.15 mi	49, Mayow Road, London, Greater London SE23 2XH	£8,521	96	2	Flat
£400K	01/23	0.2 mi	39, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£7,018	57	2	Flat
£278K	03/21	0.2 mi	35, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ	£5,055	55	2	Flat
£416.5K	04/21	0.2 mi	29a, Champion Crescent, London, Greater London SE26 4HH	-	-	2	Flat
£505K	12/20	0.22 mi	9, Niederwald Road, London, Greater London SE26 4AD	£7,319	69	2	Flat
£387.5K	06/21	0.24 mi	15b, Adamsrill Road, London, Greater London SE26 4AL	£5,962	65	2	Flat
£510K	10/23	0.26 mi	36, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£7,612	67	2	Flat
£526K	10/23	0.26 mi	10, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN	£8,092	65	2	Flat
£445K	07/23	0.27 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£430K	09/21	0.3 mi	First And Second Floor Flat, 23, Champion Road, London, Greater London SE26 4HD	-	-	2	Flat
£450K	03/21	0.31 mi	37b, Siddons Road, London, Greater London SE23 2JH	£7,483	60	2	Flat
£507.5K	12/20	0.32 mi	71b, Woolstone Road, London, Greater London SE23 2TQ	£5,577	91	2	Flat
£435.8K	08/21	0.33 mi	24, Shipman Road, London, Greater London SE23 2DY	£6,704	65	2	Flat
£350K	03/23	0.33 mi	25b, Elderton Road, London, Greater London SE26 4EY	-	-	2	Flat
£390K	10/21	0.36 mi	80a, Elsinore Road, London, Greater London SE23 2SN	£6,930	56	2	Flat
£458.8K	01/21	0.36 mi	88, Elsinore Road, London, Greater London SE23 2SN	£6,952	66	2	Flat
£495.2K	07/23	0.37 mi	154, Kilmorie Road, London, Greater London SE23 2SR	£7,176	69	2	Flat
£567.5K	06/23	0.39 mi	47, Farren Road, London, Greater London SE23 2DZ	£7,006	81	2	Flat
£320K	08/23	0.39 mi	10, Bell Green Lane, London, Greater London SE26 5TB	£4,776	67	2	Flat
£323K	07/23	0.39 mi	16, Bell Green Lane, London, Greater London SE26 5TB	£4,750	68	2	Flat
£370K	06/23	0.4 mi	82, Bampton Road, London, Greater London SE23 2AX	£6,491	57	2	Flat
£400K	06/23	0.4 mi	84, Bampton Road, London, Greater London SE23 2AX	£6,966	57	2	Flat
£420K	03/21	0.41 mi	27b, Como Road, London, Greater London SE23 2JL	£7,778	54	2	Flat
£342K	11/20	0.42 mi	103, Elsinore Road, London, Greater London SE23 2SQ	£3,977	86	2	Flat
£310K	03/21	0.42 mi	12, Porthcawe Road, London, Greater London SE26 5TA	£4,844	64	2	Flat
£252K	09/21	0.44 mi	Flat 5, Howard Park House, Perry Hill, London, Greater London SE6 4LZ	-	-	2	Flat
£375K	06/21	0.44 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£392.5K	09/23	0.45 mi	10c, Rutland Park, London, Greater London SE6 4LH	£6,767	58	2	Flat
£450K	12/22	0.45 mi	7a, Rutland Park, London, Greater London SE6 4LH	£7,290	62	2	Flat
£495K	11/20	0.46 mi	14a, Woolstone Road, London, Greater London SE23 2SG	£11,000	45	2	Flat
£475.5K	02/23	0.46 mi	39, Como Road, London, Greater London SE23 2JL	-	-	2	Flat
£455K	02/23	0.47 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£500K	01/21	0.47 mi	19b, Princethorpe Road, London, Greater London SE26 4PF	£6,135	82	2	Flat
£465K	06/21	0.47 mi	13b, Princethorpe Road, London, Greater London SE26 4PF	£7,750	60	2	Flat
£512K	03/23	0.47 mi	Upper Flat, 31, Princethorpe Road, London, Greater London SE26 4PF	-	-	2	Flat
£513.9K	07/23	0.48 mi	5, Loxton Road, Forest Hill, London, Greater London SE23 2ET	£7,786	66	2	Flat
£303K	05/23	0.48 mi	20, Ridgewell Close, London, Greater London SE26 5AP	£5,611	54	2	Flat
£367K	09/23	0.5 mi	181, Longfield Crescent, Sydenham, London, Greater London SE26 4DR	£5,646	65	2	Flat
£350K	06/23	0.5 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.5 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.5 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.5 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	01/21	0.51 mi	8, Thorpe Close, London, Greater London SE26 4NX	£5,941	51	2	Flat
£445K	03/23	0.52 mi	11b, Queensthorpe Road, London, Greater London SE26 4PJ	£6,953	64	2	Flat
£516K	09/23	0.52 mi	15c, Queensthorpe Road, London, Greater London SE26 4PJ	£7,371	70	2	Flat
£335K	06/23	0.52 mi	95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT	£5,076	66	2	Flat
£595K	06/23	0.53 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£285K	06/21	0.54 mi	54, Tugela Street, London, Greater London SE6 4DG	£4,914	58	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	01/25	0.06 mi	-	2	Flat
£1,800	08/24	0.06 mi	-	2	Flat
£2,000	03/25	0.16 mi	-	2	Flat
£1,700	08/24	0.16 mi	Wynell Road, London, SE23 2LN	2	Flat
£1,700	01/25	0.17 mi	-	2	Flat
£1,625	08/24	0.18 mi	-	2	Flat
£1,750	11/24	0.19 mi	-	2	Flat
£1,995	08/24	0.2 mi	-	2	Flat
£1,850	11/23	0.2 mi	Perry Vale, London, SE23	2	Flat
£2,000	08/24	0.2 mi	Champion Crescent London SE26	2	Flat
£2,500	10/24	0.22 mi	-	2	Terraced House
£2,500	10/24	0.22 mi	-	2	Terraced House
£2,500	12/24	0.22 mi	-	2	Terraced House
£2,200	08/24	0.23 mi	Houston Road, London, SE23	2	Flat
£1,750	08/24	0.26 mi	Adamsrill Road, London, SE26	2	Flat
£1,750	08/24	0.26 mi	Adamsrill Road London SE26	2	Flat
£1,975	08/24	0.27 mi	-	2	Flat
£1,800	08/24	0.27 mi	Adamsrill Road, Forest Hill, London, SE26	2	Flat
£1,800	08/24	0.28 mi	Newbridge Point, Windrush Lane London SE23	2	Flat
£1,650	04/25	0.31 mi	-	2	Flat
£1,400	11/24	0.32 mi	-	2	Flat
£2,100	03/25	0.34 mi	-	2	Flat
£1,800	08/24	0.35 mi	Charlotte Parade, Shipman Road, London, SE23	2	Flat
£2,000	02/25	0.36 mi	-	2	Flat
£1,950	08/24	0.36 mi	-	2	Flat
£2,150	08/24	0.37 mi	Sunnydene Street, Sydenham, London, SE26	2	Flat
£2,000	08/24	0.37 mi	Sunnydene Street, Sydenham, London, SE26	2	House
£2,150	08/24	0.37 mi	Kilmorie Road London SE23	2	Flat
£1,900	08/24	0.39 mi	-	2	Terraced House
£2,300	12/24	0.39 mi	-	2	Flat
£1,800	08/24	0.39 mi	Como Road, Forest Hill, London, SE23	2	Flat
£1,700	10/24	0.4 mi	-	2	Flat
£1,475	08/24	0.42 mi	-	2	Flat
£1,750	08/24	0.44 mi	Hazel Grove, London, SE26	2	Flat
£1,750	08/24	0.44 mi	Hazel Grove, Sydenham, SE26	2	Flat
£1,800	08/24	0.44 mi	Woolstone Road, Forest Hill, London, SE23	2	Flat
£2,150	10/24	0.44 mi	-	2	Terraced House
£2,150	10/24	0.44 mi	-	2	Terraced House
£1,850	08/24	0.44 mi	Andrew Court, 38 Church Rise, London, SE23	2	Flat
£2,100	09/24	0.45 mi	-	2	Flat
£1,850	08/24	0.45 mi	-	2	Flat
£1,850	02/25	0.45 mi	-	2	Flat
£1,600	08/24	0.46 mi	Dacres Road, London, SE23	2	Flat
£1,700	11/24	0.46 mi	-	2	Flat
£1,550	11/24	0.46 mi	-	2	Flat
£1,800	08/24	0.46 mi	Mayow Road, Sydenham, SE26	2	Flat
£1,550	08/24	0.47 mi	Dacres Road, London, SE23	2	Flat
£2,000	08/24	0.47 mi	Dacres Road, London, SE23	2	Flat
£1,775	08/24	0.47 mi	-	2	Flat
£1,800	02/24	0.47 mi	-	2	House

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	7.14 miles away7.14 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.66 miles away0.66 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 £290,000

October 1, 2024

Sold for £108,000

2000

Floor Plans

Description

2 Double Bedroom +
2nd Floor Flat +
Purpose Built +
Wood Flooring +
Kitchen Diner +
Off Street Parking +
Gym and Swimming Pool +

This apartment on Paxton Road offers a convenient location in Forest Hill. The area is known for its excellent transport links, making it easy to commute to central London. Local amenities include shops, cafes, and parks, providing everything you need within walking distance.

Families will appreciate the proximity to reputable schools such as Eliot Bank Primary School and Sydenham School. The community vibe in Forest Hill is welcoming, with regular events and activities that bring neighbours together. The nearby Horniman Museum and Gardens offer cultural enrichment and outdoor leisure opportunities.

Residents have easy access to public transport, with Forest Hill Station offering Overground and National Rail services. This makes it an ideal spot for professionals who need to travel across the city. The local area also boasts a variety of dining options, ensuring you have plenty of choice for meals out.

Don't miss out on this opportunity to live in a thriving community with excellent amenities and transport links. Contact us today to arrange a visit.

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 💪

Similar Properties

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

Under Offer

5 Bed Flat, Single Let, London, SE23 2QG

£925,000

2 months ago • 178 m²

3 Bed Flat, Single Let, London, SE23 2QP

£500,000

a month ago • 93 m²

2 Bed Flat, Single Let, London, SE23 2QP

£475,000

19 days ago • 68 m²

Sold STC

2 Bed Flat, Single Let, London, SE23 2QR

£400,000

6 months ago • 69 m²