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Colfe Road, London, SE23 - Image 1
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Colfe Road, London, SE23

London

£450,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
615 sqft

Description

This ground floor garden flat, nestled in the heart of Forest Hill, presents a unique opportunity for renovation enthusiasts and investors. With a share of freehold and no onward chain, this property offers both flexibility and potential. Comprising two double bedrooms, the layout features a spacious front reception room that boasts an exposed brick chimney, lending character to the space. A large bay window fills the room with natural light, making it a welcoming area for relaxation or entertaining. The adjacent bedroom also benefits from high ceilings and a sash window overlooking the side return. While the kitchen and bathroom are functional, they do require updates, providing you with the chance to modernize these spaces according to your vision. The kitchen has direct access to a well-maintained private rear garden, which serves as a serene retreat ideal for outdoor gatherings. The rear bedroom features built-in wardrobes and large bay windows that frame views of the garden. This tranquil outdoor space enhances the overall appeal of the flat and could be further enhanced with landscaping or outdoor furnishings. Conveniently located just 0.4 miles from Forest Hill station—approximately an 8-minute walk—this property provides easy access to central London via regular services to London Bridge and Victoria as well as Overground routes to popular areas like Canada Water and Shoreditch. The surrounding area is rich in amenities, including cafes such as St David's, vibrant local eateries like The Sylvan Post, and various shops including Sainsbury's and Boots. Additionally, you will find leisure options like a modern swimming pool nearby. For families, proximity to reputable schools such as Kilmorie Primary School (0.22 miles), Dalmain School (0.2 miles), and Perrymount Primary School (0.29 miles) is an added advantage. With its blend of charm, character, and investment potential in a thriving community setting, this flat invites both personal touches and innovative design ideas while offering an attractive living experience in Forest Hill.

Investment Analysis

(SE23 area)

Above Market Value

This property is priced +18.2% above area average per sq ft

+18.2%
This Property
£732/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£453
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£418,956
10% above area average per sq ft
Potential ROI
-11.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE23)

Area prices are rising by +9.6% over the last 12 months
3 year growth: 1.7%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on SE23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Colfe Road, London, SE23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE