2 Bed Flat, Single Let, London, SE23 3HT, £300,000

Dartmouth Road, Forest Hill, SE23 3HT - 2 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~71 m²

+7 photos

ValuationUndervalued

Sold Prices	£225K - £595K
Sold Prices/m²	£1.7K/m² - £8.7K/m²

Square Metres	~70.88 m²
Price/m²	£4.2K/m²
Value Estimate	£372,000£372,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,460 - £3,000£1,460 - £3,000
Rent Estimate	£1,550
Running Costs/mo	£1,268£1,268
Cashflow/mo	£283£283
Cashflow/yr	£3,390£3,390
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £225K to £595K, average is £382.5K. £1.7K/m² to £8.7K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£355K	04/21	0.08 mi	141, Dartmouth Road, London, Greater London SE23 3HX	£5,000	71	2	Flat
£350K	06/23	0.13 mi	Flat 32, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£332K	12/20	0.13 mi	Flat 38, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£300K	02/21	0.13 mi	Flat 31, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£366K	09/23	0.13 mi	Flat 46, Vale Lodge, Perry Vale, London, Greater London SE23 2LG	-	-	2	Flat
£335K	06/23	0.14 mi	95, Longfield Crescent, Sydenham, London, Greater London SE26 4DT	£5,076	66	2	Flat
£320K	12/20	0.15 mi	37, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,923	65	2	Flat
£312.5K	03/23	0.15 mi	43, Longfield Crescent, Sydenham, London, Greater London SE26 4DU	£4,596	68	2	Flat
£335K	04/23	0.17 mi	14, Church Vale, London, Greater London SE23 2UW	£5,877	57	2	Flat
£455K	02/23	0.17 mi	62a, Westbourne Drive, London, Greater London SE23 2UN	£8,125	56	2	Flat
£450K	02/24	0.18 mi	Flat 1, Mayode House, Round Hill, London, Greater London SE26 4RF	£7,258	62	2	Flat
£320K	07/23	0.19 mi	Flat 6, Simone Court, Dartmouth Road, London, Greater London SE26 4RP	-	-	2	Flat
£395K	12/20	0.19 mi	Flat 21, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UH	-	-	2	Flat
£473K	08/23	0.19 mi	Flat 86, Taymount Grange, Taymount Rise, Forest Hill, London, Greater London SE23 3UJ	-	-	2	Flat
£367K	09/23	0.19 mi	181, Longfield Crescent, Sydenham, London, Greater London SE26 4DR	£5,646	65	2	Flat
£426K	04/21	0.2 mi	24, Sydenham Park Road, London, Greater London SE26 4ED	£6,174	69	2	Flat
£370K	06/23	0.21 mi	82, Bampton Road, London, Greater London SE23 2AX	£6,491	57	2	Flat
£400K	06/23	0.21 mi	84, Bampton Road, London, Greater London SE23 2AX	£6,966	57	2	Flat
£335K	12/20	0.24 mi	Flat 34, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£375K	02/21	0.25 mi	Flat 2, Forest Croft, Taymount Rise, London, Greater London SE23 3UN	-	-	2	Flat
£293K	06/21	0.25 mi	Flat 3, Forest Croft, Taymount Rise, Forest Hill, London, Greater London SE23 3UN	-	-	2	Flat
£450K	05/21	0.27 mi	61, Sydenham Park Road, London, Greater London SE26 4DL	£5,294	85	2	Flat
£539K	12/20	0.28 mi	Flat 1, Queens Court, Taymount Rise, London, Greater London SE23 3UP	-	-	2	Flat
£375K	06/21	0.28 mi	Flat 6, Hillhurst Court, South Road, London, Greater London SE23 2UE	-	-	2	Flat
£427.5K	08/21	0.29 mi	49a, Devonshire Road, London, Greater London SE23 3EN	£4,803	89	2	Flat
£365K	03/21	0.29 mi	85, Eliot Bank, London, Greater London SE23 3XD	£6,404	57	2	Flat
£595K	06/23	0.33 mi	Apartment 9, The Apostles, Church Rise, London, Greater London SE23 2UD	-	-	2	Flat
£460K	11/20	0.34 mi	14a, Sydenham Park, London, Greater London SE26 4EQ	£6,970	66	2	Flat
£380K	08/23	0.36 mi	Lower Flat, 233, Dartmouth Road, London, Greater London SE26 4QY	-	-	2	Flat
£400K	12/20	0.37 mi	76c, Honor Oak Road, London, Greater London SE23 3RR	£6,667	60	2	Flat
£445K	07/23	0.39 mi	6, Aylward Road, London, Greater London SE23 2JE	£7,807	57	2	Flat
£500K	01/23	0.39 mi	Flat 18, Frobisher Court, Sydenham Rise, London, Greater London SE23 3XH	-	-	2	Flat
£372.5K	06/21	0.4 mi	53b, Waldram Park Road, London, Greater London SE23 2PW	£6,314	59	2	Flat
£465K	12/20	0.4 mi	23b, Rockbourne Road, London, Greater London SE23 2DA	£1,729	269	2	Flat
£387.5K	12/21	0.41 mi	38a, Rockbourne Road, London, Greater London SE23 2DD	-	-	2	Flat
£322.5K	06/23	0.43 mi	Flat 6, Cheney Court, Waldram Park Road, London, Greater London SE23 2PL	-	-	2	Flat
£450K	03/21	0.43 mi	37b, Siddons Road, London, Greater London SE23 2JH	£7,483	60	2	Flat
£290K	11/20	0.44 mi	33b, Sunderland Road, London, Greater London SE23 2PS	£6,113	47	2	Flat
£525K	07/23	0.44 mi	18, Fransfield Grove, London, Greater London SE26 6BA	£6,563	80	2	Flat
£401K	05/21	0.44 mi	11a, Fransfield Grove, London, Greater London SE26 6BA	£8,680	46	2	Flat
£312.5K	04/23	0.44 mi	Flat C, 122, Devonshire Road, London, Greater London SE23 3SX	-	-	2	Flat
£250K	06/21	0.44 mi	90a, Devonshire Road, London, Greater London SE23 3SX	£4,984	50	2	Flat
£385K	06/21	0.45 mi	30d, Panmure Road, London, Greater London SE26 6NA	£5,066	76	2	Flat
£325K	06/21	0.46 mi	Flat 1, Parfew Court, Sydenham Hill, London, Greater London SE23 3PP	-	-	2	Flat
£420K	02/21	0.47 mi	23b, Panmure Road, London, Greater London SE26 6NB	£6,501	65	2	Flat
£435.8K	08/21	0.47 mi	24, Shipman Road, London, Greater London SE23 2DY	£6,704	65	2	Flat
£398.5K	10/21	0.47 mi	96, Stanstead Road, Forest Hill, London, Greater London SE23 1BS	£5,175	77	2	Flat
£525K	10/23	0.47 mi	64, Peak Hill, London, Greater London SE26 4LR	£6,731	78	2	Flat
£475K	06/21	0.47 mi	40, Peak Hill, London, Greater London SE26 4LR	£5,915	80	2	Flat
£225K	08/21	0.47 mi	Flat 24, Homewalk House, Jews Walk, London, Greater London SE26 4NN	-	-	2	Flat

Local Rents

51 rents from £1.5K/mo to £3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	08/24	0.04 mi	Dartmouth Place, Forest Hill, London, SE23	2	Flat
£1,900	08/24	0.04 mi	-	2	Flat
£1,800	11/24	0.05 mi	-	2	Flat
£2,125	03/25	0.08 mi	-	2	Flat
£1,750	11/24	0.08 mi	-	2	Flat
£1,900	03/25	0.08 mi	-	2	Flat
£1,800	11/24	0.1 mi	-	2	Flat
£1,750	08/24	0.1 mi	Bird in Hand Mews, London, SE23	2	Flat
£1,650	08/24	0.1 mi	Bird In Hand Mews, London, United Kingdom, SE23	2	Flat
£1,650	08/24	0.11 mi	Windley Close, Forest Hill, SE23	2	Flat
£1,500	02/24	0.12 mi	-	2	Flat
£2,000	10/24	0.12 mi	-	2	Flat
£1,995	02/24	0.12 mi	-	2	House
£1,460	02/25	0.12 mi	-	2	Flat
£1,460	02/25	0.12 mi	-	2	Flat
£1,650	11/24	0.13 mi	-	2	Flat
£2,000	03/25	0.13 mi	-	2	Flat
£1,650	09/24	0.13 mi	Dartmouth Road, Forest Hill, London, SE23	2	Flat
£1,550	08/24	0.14 mi	Dacres Road, London, SE23	2	Flat
£2,000	08/24	0.15 mi	Dacres Road, London, SE23	2	Flat
£1,600	08/24	0.15 mi	Dacres Road, London, SE23	2	Flat
£1,650	08/24	0.18 mi	London Road, London, SE23	2	Flat
£1,800	08/24	0.18 mi	Hamlet House, London, SE23	2	Flat
£1,800	09/24	0.18 mi	-	2	Flat
£2,650	02/25	0.19 mi	-	2	Flat
£2,000	08/24	0.19 mi	Taymount Rise, London, SE23	2	Flat
£1,850	08/24	0.19 mi	-	2	Flat
£1,600	09/24	0.19 mi	Taymount Grange, Forest Hill, SE23	2	Flat
£2,400	11/24	0.19 mi	-	2	Flat
£2,300	08/24	0.19 mi	Taymount Rise London SE23	2	Flat
£1,800	08/24	0.21 mi	Perry Vale, Forest Hill, SE23	2	Flat
£1,700	10/24	0.22 mi	-	2	Flat
£1,850	02/25	0.22 mi	-	2	Flat
£2,200	08/24	0.22 mi	London Road London SE23	2	Flat
£2,200	09/24	0.22 mi	Hindsleys Place London SE23	2	Flat
£2,050	03/25	0.22 mi	-	2	Terraced House
£2,100	08/24	0.23 mi	-	2	Flat
£1,850	08/24	0.23 mi	Andrew Court, 38 Church Rise, London, SE23	2	Flat
£1,895	08/24	0.23 mi	London Road, London, SE23	2	Flat
£1,795	08/24	0.23 mi	London Road, London, SE23	2	Flat
£1,600	08/24	0.23 mi	Dartmouth Road, Sydenham, SE26	2	Flat
£2,000	03/25	0.24 mi	-	2	Terraced House
£1,600	08/24	0.24 mi	Dartmouth Road,	2	Flat
£1,800	08/24	0.24 mi	Taymount Rise, Forest Hill SE23	2	Flat
£3,000	08/24	0.24 mi	Havelock Walk London SE23	2	Flat
£1,850	08/24	0.25 mi	Westbourne Drive, SE23	2	Flat
£1,650	08/24	0.26 mi	Taymount Rise, Forest Hill, London, SE23	2	Flat
£1,600	02/24	0.27 mi	-	2	House
£1,650	10/24	0.27 mi	-	2	Flat
£2,300	04/25	0.28 mi	-	2	Semi-Detached House
£1,650	04/25	0.3 mi	-	2	Flat

Local Area Statistics

Population in SE23	33,68233,682
Population in London	4,771,9214,771,921
Town centre distance	6.70 miles away6.70 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 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

Price changed to £300,000

March 12, 2025

Listed for £325,000

January 21, 2025

Floor Plans

Description

Chain Free +
Two Bedrooms +
Split Level +
Period +
Close To Station +
Great Location +
Private Balcony and Patio +
EPC Rating D +

*Guide Price - £300,000 - £325,000*

Chain Free Unveiled to the SE23 market is this large two bedroom split level apartment situated in the heart of Forest Hill arguably the most sought after area in South-East London at present!

Forest Hill Station is 400 yards away boasting superb links into London Bridge and West Croydon. Forest Hill Station also serves the highly rated Overground Line calling in at stations such as Dalston Junction and Highbury & Islington via Shoreditch. Forest Hill High Streets is virtually right on your doorstep, offer a full range of trendy boutiques, bistros and bars as well as your every day essential stores.

The flat offers great floor space with 763sqft/70.8sqm of accommodation on offer. The layout comprises a comprises of a good sized reception with original floorboards and feature fireplace, balcony and fully fitted modern kitchen on the ground floor. The lower ground floor then offers two double bedrooms and a three piece bathroom suite and your very own private courtyard garden.

Please note all viewings are strictly via appointment only.

Lease Length: 117 years | Service Charge: £980pa| Ground Rent: £350 per annum | Energy Efficiency Rating: D | Council Tax Band C

Agent Details

Acorn, Forest Hill

020 8106 0621

Next Steps?

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

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