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Northwood Road, London SE23 - Image 1
Northwood Road, London SE23 - Image 2
Northwood Road, London SE23 - Image 3

Northwood Road, London SE23

London

£375,000

Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
785 sqft

Description

Positioned on the first floor of a charming Victorian conversion, this two-bedroom apartment on Northwood Road offers a significant opportunity for buyers eager to enhance and personalize their living space. The layout provides well-sized rooms, allowing for a variety of renovation possibilities that can add substantial value. It's particularly suited for first-time buyers looking to make their mark. Upon entering, you'll find yourself on a landing leading to the second bedroom, which holds potential as either a cozy guest room or a versatile home office. The u-shaped kitchen is functional but could greatly benefit from modernization, while the adjacent bathroom also presents opportunities for updates. The main bedroom enjoys a front-facing position, accompanied by a spacious reception room that features bay windows, inviting ample natural light and creating an airy atmosphere. Additionally, street parking is available, and the location boasts excellent transport links with access to Forest Hill and Honor Oak Park stations providing easy journeys into central London. Green spaces like Horniman Gardens and Blythe Hill Fields are within reach, along with reputable local schools, making it an attractive area for various buyers seeking both convenience and community.

Investment Analysis

(SE23 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£478/sq ft
Area Average
£618/sq ft
Avg Rent (weekly)
£422
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£533,729
10% above area average per sq ft
Potential ROI
+33.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SE23)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +2.2%
5 year growth: +4.5%
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

Northwood Road, London SE23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-16.7% since listed
£375,000£15,000(-3.8%)
14/05/2026
Current price
£390,000£10,000(-2.5%)
16/04/2026
£400,000£25,000(-5.9%)
29/04/2025
£425,000£25,000(-5.6%)
20/03/2025
£450,000Initial listing
09/03/2025

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