2 Bed Flat, Single Let, London, SE26 5BF, £290,000

23 Montana Gardens, London, SE26 5BF - 14 days ago

Leasehold
BTL
ROI: 3%
57 m²
+4 photos

ValuationUndervalued

Sold Prices£200K - £526K
Sold Prices/m²£3.9K/m² - £8.1K/m²

 

 

Square Metres

57 m²
Price/m²£5.1K/m²

Value Estimate

£297,845
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,500

Rent Estimate

£1,453

Running Costs/mo

£1,217

Cashflow/mo

£236

Cashflow/yr

£2,834

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £526K, average is £321.5K. £3.9K/m² to £8.1K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£262.5K06/210.05 mi72, Montana Gardens, London, Greater London SE26 5BG2
£270K04/230.05 mi67, Montana Gardens, London, Greater London SE26 5BG2
£299K10/210.07 mi168, Meadowview Road, London, Greater London SE6 3NH2
£276K04/210.1 mi158, Meadowview Road, London, Greater London SE6 3NQ2
£295K09/210.16 mi60, Meadowview Road, London, Greater London SE6 3NN2
£265K08/230.16 mi46, Meadowview Road, London, Greater London SE6 3NN2
£200K07/230.16 mi36, Meadowview Road, London, Greater London SE6 3NN2
£292K01/240.16 mi101, Meadowview Road, London, Greater London SE6 3NJ2
£250K01/230.17 mi113, Meadowview Road, London, Greater London SE6 3NJ2
£335K10/210.18 mi17, Meadowview Road, London, Greater London SE6 3NL2
£285K01/210.18 mi43, Meadowview Road, London, Greater London SE6 3NL2
£265K12/200.19 mi4, Meadow Close, London, Greater London SE6 3NW2
£370K01/240.2 mi18, Meadow Close, London, Greater London SE6 3NW2
£320K09/230.2 mi14, Meadow Close, London, Greater London SE6 3NW2
£335K11/200.21 mi21, Cowdrey Mews, London, Greater London SE6 3AP2
£303K05/230.23 mi20, Ridgewell Close, London, Greater London SE26 5AP2
£315K06/210.26 mi97, Moremead Road, London, Greater London SE6 3LS2
£305K01/210.3 mi114, Moremead Road, London, Greater London SE6 3LT2
£320K08/230.33 mi10, Bell Green Lane, London, Greater London SE26 5TB2
£323K07/230.33 mi16, Bell Green Lane, London, Greater London SE26 5TB2
£310K03/210.33 mi12, Porthcawe Road, London, Greater London SE26 5TA2
£260K06/230.36 mi11, Cowden Street, London, Greater London SE6 3SW2
£430K09/210.46 miFirst And Second Floor Flat, 23, Champion Road, London, Greater London SE26 4HD2
£242.5K12/200.48 miFlat 16, Rokell House, Beckenham Hill Road, Beckenham, Greater London BR3 1TF2
£350K03/230.5 mi25b, Elderton Road, London, Greater London SE26 4EY2
£270K12/220.53 mi287, Brookehowse Road, London, Greater London SE6 3TS2
£312K11/200.53 mi97, Swallands Road, London, Greater London SE6 3HG2
£320K09/210.55 miFlat 5, Jodie Court, Stevens Close, Beckenham, Greater London BR3 1RT2
£417K12/200.56 miFlat 4, Klinton, Copers Cope Road, Beckenham, Greater London BR3 1NR2
£416.5K04/210.56 mi29a, Champion Crescent, London, Greater London SE26 4HH2
£265K01/230.59 mi89, Dunfield Road, London, Greater London SE6 3RG2
£330K11/230.6 mi79, Broadmead, Bellingham, London, Greater London SE6 3SD2
£400K01/230.62 mi39, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ2
£278K03/210.62 mi35, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AJ2
£355K12/220.63 mi29, Silverwood Close, Beckenham, Greater London BR3 1RN2
£290K08/230.65 mi46, Chislet Close, Beckenham, Greater London BR3 1UB2
£405K05/210.65 mi27, Shannon Way, Beckenham, Greater London BR3 1WG2
£401K05/210.65 mi26, Shannon Way, Beckenham, Greater London BR3 1WG2
£434.5K07/230.65 mi8, Shannon Way, Beckenham, Greater London BR3 1WG2
£360K09/230.66 mi21, Hanson Close, Beckenham, Greater London BR3 1WJ2
£510K10/230.66 mi36, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN2
£526K10/230.66 mi10, Adamsrill Road, Lower Sydenham, London, Greater London SE26 4AN2
£371K03/210.66 mi28, Silverwood Close, Beckenham, Greater London BR3 1RN2
£375K12/200.66 mi1, Silverwood Close, Beckenham, Greater London BR3 1RN2
£505K12/200.68 mi9, Niederwald Road, London, Greater London SE26 4AD2
£387.5K06/210.68 mi15b, Adamsrill Road, London, Greater London SE26 4AL2
£387K03/230.69 miFlat 12, Dorryn Court, Trewsbury Road, London, Greater London SE26 5DR2
£455K09/210.69 mi98, Queenswood Road, London, Greater London SE23 2QS2
£355K06/230.71 miFlat 5, Edden House, Brackley Road, Beckenham, Greater London BR3 1RD2
£480K06/210.72 mi34, Trewsbury Road, London, Greater London SE26 5DN2

Local Rents

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

RentDateDistanceAddressBeds 
£1,60008/240.06 miWorsley Bridge Road, Sydenham, SE262
£1,65008/240.06 miMeadowview Road, Catford2
£2,05008/240.1 miPurbeck Gardens, London, SE262
£2,05010/240.1 mi-2
£2,20008/240.12 miPurbeck Gardens, Lower Sydenham, London, SE262
£2,20008/240.12 miPurbeck Gardens, London, SE262
£2,25008/240.13 miPurbeck Gardens London SE262
£2,25001/250.13 mi-2
£2,20008/240.13 miPurbeck Gardens, London, SE262
£2,20008/240.13 miPurbeck Gardens, London, SE262
£2,20008/240.13 miPurbeck Gardens, London, SE262
£1,70004/250.13 mi-2
£1,60011/240.16 mi-2
£1,60003/250.19 mi-2
£1,85002/240.2 mi-2
£1,80008/240.2 miCowdrey Mews London SE62
£1,60011/240.24 mi-2
£1,80003/250.27 mi-2
£1,73312/240.3 mi-2
£2,00002/250.32 mi-2
£1,77503/240.33 miCopers Cope Road, Beckenham, BR32
£1,50008/240.33 miWinchfield Road, Sydenham SE262
£1,50009/240.35 miBell Green, Sydenham SE262
£1,40011/240.44 mi-2
£1,55008/240.45 mi-2
£1,60010/240.48 mi-2
£2,50010/240.49 mi-2
£2,50010/240.49 mi-2
£2,50012/240.49 mi-2
£1,70011/240.49 mi-2
£1,55011/240.49 mi-2
£1,97508/240.49 mi-2
£1,45004/240.51 miByron House, Porchester Mead, Beckenham, Kent, BR32
£1,45004/240.51 miByron House, Porchester Mead, Beckenham, Kent, BR32
£1,55003/240.51 miPorchester Mead, Beckenham, BR32
£1,57508/240.52 mi-2
£1,57501/250.52 mi-2
£2,15008/240.52 miSunnydene Street, Sydenham, London, SE262
£2,00008/240.52 miSunnydene Street, Sydenham, London, SE262
£1,45008/240.53 mi-2
£1,85008/240.53 mi-2
£1,60004/240.54 miPorchester Mead, Beckenham, Kent, BR32
£1,47508/240.55 mi-2
£1,75003/240.55 miHeadingley Drive Beckenham BR32
£1,75004/240.55 miHeadingley Drive Beckenham BR32
£1,80005/240.55 mi-2
£1,80005/240.55 miStevens Court, Beckenham, BR32
£2,00008/240.56 miChampion Crescent London SE262
£1,69503/250.56 mi-2
£1,70003/240.58 miCopers Cope Road Beckenham BR32
£1,50008/240.6 miSydenham Road London SE262

Local Area Statistics

Population in SE26

28,455

Population in London

4,771,921

Town centre distance

7.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+8%

Property History

Listed for £290,000

March 21, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • SECOND FLOOR +
  • CHAIN FREE +
  • NEUTRALLY DECORATED +
  • CLOSE TO AMENITIES +
  • MODERN DEVELOPMENT +
  • GOOD TRANSPORT LINKS +
  • 0.1 MILES TO LOWER SYDENHAM STATION +
  • 1.4 MILES TO SYDENHAM STATION +
  • ALL DISTANCES CALCULATED VIA GOOGLEMAPS +

This well-presented two-bedroom flat offers a fantastic opportunity for those seeking a convenient and comfortable living space in a sought-after area of Sydenham. The property is chain-free, making for a straightforward purchase, and is situated just 0.1 miles from Lower Sydenham Station, providing easy access to central London.

Located on the second floor, the flat features a spacious reception room, perfect for relaxing or entertaining guests. The kitchen is functional, offering all the essential appliances and ample storage space. Both well-proportioned bedrooms provide a peaceful retreat, while the bathroom is clean and well-maintained.

With a prime location close to a range of local amenities including shops, cafes, and recreational facilities, this property offers an excellent blend of comfort and convenience. The flat is just moments away from Lower Sydenham Station, ensuring excellent transport links to central London.

Local Authority: Bromley
Council Tax: Band C
Tenure: Leasehold (97 years remaining)
Service Charge: £2,115.00
Ground Rent: £200.00

Additional benefits include being part of a quiet residential area, making it an ideal choice for anyone seeking a tranquil yet accessible home.

Safeguarding Your Information
Important information regarding cybercrime. It has come to our attention that computer hackers are seeking to target property transactions to access funds. As we understand it, they will either hack a phone, tablet, or PC, maybe by sending out a random email that mistakenly gets opened, or even whilst opening a website, which gives them access to that machine. The reason for us mentioning this to you is to alert you that once they have gained access, they can monitor email correspondence, without you knowing, throughout a transaction. Then, at a relevant point, e.g. just before the exchange of contracts, they can send an email to a client mirroring that of their solicitor asking for funds to be transferred to a certain bank account. That money then, of course, disappears. Fortunately, we have not had such an instance but, feel it important to highlight the fact that if you do receive an email requesting funds, it is worth checking with the person concerned by phone that it is genuine and the bank details are correct, before sending money. This could, of course, affect other areas of finance beyond the property. Solicitors are starting to highlight this point now, but for safety, we would urge you to be vigilant and check before sending money or passing on any personal details regarding any bank or credit card information.
The Property Misdescriptions Act 1991
These particulars are set out as a general outline in accordance with the Property Misdescriptions Act (1991) only for the guidance of intending purchasers or lessees and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans, and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Gardens, roof terraces, balconies as well as tenure and lease details cannot have their accuracy guaranteed for intending purchasers. Lease details, service charge, ground rent are given as a guide only and should be checked and confirmed by your solicitor. No person in the employment of Galloways has any authority to make any representation or warranty in relation to this property. Purchase prices, rents, or other prices quoted are correct at the date of publication and, unless otherwise stated, exclusive of VAT.
Data Protection
We retain the copyright in all advertising material used to market this Property.
Disclosure of Referral Fees
As well as your obligation to pay Galloway's commission or fees where applicable we may also receive a commission, payment, fee, or other reward or other benefits (known as a Referral Fee) from ancillary service providers for recommending their service to you. We believe you may benefit from using the services of our solicitors, independent financial advisors, Galloways Concierge and surveyors, the Providers, who are known as Lewis Nedas Law, Setfords Solicitors, Emin Read solicitors, Taylor Rose Solicitors, Just Move In, Eternity Financial Services and Reliable Surveyors, MAP Surveyors. Galloways always refer sellers and purchasers to Lewis Nedas Law, Setfords solicitors, Emin Read and Taylor Rose solicitors. It is your decision whether you choose to deal with the named companies. Should you decide to use Lewis Nedas Law, Setfords solicitors, Emid Read solicitors or Taylor Rose solicitors you should know that we would receive a referral fee of £180.00 inc VAT from them for recommending you to them. Galloways routinely refer all potential purchasers and vendors to Eternity Financial Services. It is your decision whether you choose to deal with Eternity Financial Services. In making that decision, you should know that we receive benefits from Eternity Financial Services. The amount depends on the property value and level of mortgage. A share of this fee is received by Galloways, the details of which are available upon request.
Galloways offer all of our customers the opportunity to use the services of Reliable surveyor and MAP surveyors. It is your decision whether you choose to deal with Reliable surveyors or MAP surveyors. You should know that Galloways receives a referral fee of £50.00 inc VAT from Reliable surveyors or MAP Surveyors for recommending you to them. You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee. The Referral fee is separate from your obligation to pay our own fees or commission.
TENANT FEE INFORMATION
Applicable to all new assured shorthold Tenancies (ASTs) signed on or after 1st June 2019
Holding Deposit: Capped at One weeks rent
Paid by you to reserve the Property. This will only be retained by us if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days.
Deposit:
Capped at 5 weeks rent where the annual rent is under £50,000 and 6 weeks rent where the annual rent is £50,000 or higher.
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.
Late payment of Rent:
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.
Lost Keys or security devices:
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
Variation or changes to an existing tenancy agreement:
£50.00 (inc. VAT) per change.

This charge will cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents. This also covers costs in change of sharer situations and covers the landlord's costs in securing a new sharing and associated legal requirements in processing that new sharers application.
Early Termination as requested by Tenant:
Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover the landlord's costs of re-letting the property as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.
Utility Payments:
Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information.
Galloways are registered members of Propertymark (ARLA & NAEA), TPO (The Property Ombudsman), and CMP Client Money Protection is in place.

Agent Details

Galloways, Penge

020 3897 2965

Next Steps?

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