3 Bed Flat, Single Let, London, SW2 3RD, £335,000

12 Challice Way, London, Greater London, SW2 3RD - a year ago

Leasehold
BTL
ROI: 8%
~74 m²
+5 photos

ValuationUndervalued

Sold Prices£315K - £1.5M
Sold Prices/m²£4.2K/m² - £10.5K/m²

 

 

Square Metres

~74.09 m²
Price/m²£4.5K/m²

Value Estimate

£415,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Rent Range

£2,000 - £4,300

Rent Estimate

£2,119

Running Costs/mo

£1,491

Cashflow/mo

£628

Cashflow/yr

£7,536

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £315K to £1.5M, average is £517.8K. £4.2K/m² to £10.5K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£450K06/230.14 mi83, Gaywood Close, London, Greater London SW2 3QR3
£407.5K01/230.16 mi5, Roupell Road, Brixton, London, Greater London SW2 3EL3
£340K05/230.32 miFlat 28, Cherry Close, Tulse Hill, London, Greater London SW2 2EY3
£315K06/230.35 mi26, Bushell Close, London, Greater London SW2 3LL3
£621.8K06/230.37 miFlat A, 35, Tierney Road, London, Greater London SW2 4QL3
£492.2K03/210.39 mi46, Doverfield Road, London, Greater London SW2 5NB3
£622.5K06/210.43 mi56, Dumbarton Road, London, Greater London SW2 5LU3
£600K11/200.43 mi46, Dumbarton Road, London, Greater London SW2 5LU3
£440K12/200.47 mi119, Barcombe Avenue, London, Greater London SW2 3BQ3
£605K03/230.47 mi135, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ3
£545K03/210.5 mi243, Barcombe Avenue, London, Greater London SW2 3BH3
£560K07/230.5 mi176a, Lyham Road, London, Greater London SW2 5QD3
£370K06/230.53 miFlat 33, Tulse House, Tulse Hill, London, Greater London SW2 2HT3
£495K06/210.54 mi108, Amesbury Avenue, London, Greater London SW2 3AB3
£510K07/230.55 mi149a, Kings Avenue, London, Greater London SW4 8DF3
£681.1K09/210.55 miGround Floor Flat At, 55, Killieser Avenue, London, Greater London SW2 4NX3
£512.5K03/210.57 mi68, Hailsham Avenue, London, Greater London SW2 3AH3
£1.5M12/210.58 mi4, Berwyn Road, London, Greater London SE24 9BD3
£530K03/230.6 mi6, Keymer Road, London, Greater London SW2 3AP3
£695K10/200.6 mi56a, Norwood Road, London, Greater London SE24 9BH3
£625K12/200.62 mi38, Mount Nod Road, London, Greater London SW16 2LL3
£470K04/230.62 miFlat 32, Thorncliffe Court, Kings Avenue, London, Greater London SW4 8EW3
£800K06/210.63 mi87, Telford Avenue, London, Greater London SW2 4XN3
£775K06/210.63 mi93, Telford Avenue, London, Greater London SW2 4XN3
£398K05/230.64 mi17, Adare Walk, London, Greater London SW16 2PW3
£467K06/210.64 miFlat 45, Streatleigh Court, Streatham High Road, London, Greater London SW16 1EG3
£985K05/210.66 mi100, Leigham Vale, London, Greater London SW2 3JH3
£550K01/230.66 miFlat L, Broadlands Mansions, Broadlands Avenue, London, Greater London SW16 1NB3
£450K09/210.67 mi71, Thornton Gardens, London, Greater London SW12 0LQ3
£450K06/210.7 mi2a, Station Rise, London, Greater London SE27 9BW3
£550K06/230.71 mi137b, Norwood Road, London, Greater London SE24 9AF3
£395K05/210.71 mi34, Peabody Hill, London, Greater London SE21 8LD3
£686K09/210.72 mi23, Mount Nod Road, London, Greater London SW16 2LQ3
£785K02/230.72 mi86, Sternhold Avenue, London, Greater London SW2 4PW3
£760K10/200.73 mi72, Sternhold Avenue, London, Greater London SW2 4PW3
£725K11/200.73 mi70, Sternhold Avenue, London, Greater London SW2 4PW3
£740K12/200.73 mi63b, Trent Road, London, Greater London SW2 5BJ3
£425K05/230.74 miFlat 35, Streatham Court, Streatham High Road, London, Greater London SW16 1DL3
£405K07/230.74 miFlat 26, Streatham Court, Streatham High Road, London, Greater London SW16 1DL3
£437.1K07/230.76 miFlat 1a, Manor Court, Leigham Avenue, London, Greater London SW16 2DS3
£455K06/210.76 miFlat 42, Manor Court, Leigham Avenue, London, Greater London SW16 2DR3
£416K04/210.76 miFlat 90, Streatham Court, Streatham High Road, London, Greater London SW16 1DJ3
£743K06/230.76 mi47, Horsford Road, London, Greater London SW2 5BP3
£486K06/230.77 miFlat 40, Leigham Hall, Streatham High Road, London, Greater London SW16 1DN3
£415K02/230.77 mi4a, Mount Ephraim Road, London, Greater London SW16 1NG3
£850K10/200.79 mi17b, Knollys Road, London, Greater London SW16 2JJ3
£717.5K03/210.79 mi101a, Cambray Road, London, Greater London SW12 0ER3
£375K08/210.81 miFlat 6, Bertrand House, Leigham Avenue, London, Greater London SW16 2TJ3
£400K07/230.81 miFlat 5, Beauclerk House, Leigham Avenue, London, Greater London SW16 2TQ3
£523K12/220.82 miFlat 7, William Brown Court, Norwood Road, London, Greater London SE27 9DD3

Local Rents

50 rents from £2K/mo to £4.3K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£3,85009/240.11 mi-3
£3,85009/240.16 mi-3
£3,55009/240.16 miRush Common Mews, London, SW23
£3,55009/240.16 mi-3
£2,50002/240.17 mi-3
£2,60010/240.21 mi-3
£2,60002/240.23 mi-3
£2,60009/240.25 mi-3
£2,90012/240.26 mi-3
£2,65010/240.3 mi-3
£2,60009/240.31 miMorrish Road, London, SW23
£2,85009/240.31 miHardel Walk, London3
£3,75001/250.32 mi-3
£2,85009/240.32 mi-3
£2,65009/240.32 mi-3
£2,60011/240.32 mi-3
£2,60009/240.34 miKintyre Court, London, SW23
£2,60009/240.34 mi-3
£2,50010/240.34 mi-3
£2,75012/240.34 mi-3
£2,50009/240.34 miLycette House, New Park Road, SW23
£3,00001/250.35 mi-3
£2,20012/240.35 mi-3
£2,00009/240.39 miTierney Road, London, SW23
£2,95001/250.41 mi-3
£2,50001/250.42 mi-3
£2,10002/240.43 mi-3
£2,70009/240.43 miNew Park Road, London, SW23
£2,57012/240.46 mi-3
£2,50009/240.46 miLycette House, New Park Road, London, SW23
£2,35009/240.46 mi-3
£3,20001/250.46 mi-3
£2,79501/250.46 mi-3
£2,39609/240.46 miJebb Avenue, Brixton3
£2,29709/240.46 miJebb Avenue, Brixton3
£2,58009/240.46 mi-3
£3,00009/240.46 mi-3
£2,60009/240.46 mi-3
£2,60009/240.46 mi-3
£2,35012/240.46 mi-3
£2,40009/240.47 mi-3
£2,84709/240.47 miCricklade Avenue, SW23
£3,55010/240.49 mi-3
£2,45010/240.5 mi-3
£3,40009/240.51 miGaumont Place, Streatham Hill3
£2,75009/240.54 mi-3
£4,30008/240.56 miRomola Road3
£2,40010/240.56 mi-3
£3,00009/240.58 miThorncliffe Road Brixton SW23
£2,50001/250.59 mi-3

Local Area Statistics

Population in SW2

54,204

Population in London

4,771,921

Town centre distance

5.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Buyer's market

Capital growth (5yrs)

-1%

Property History

Listed for £335,000

August 8, 2023

Sold for £155,000

2006

Floor Plans

Description

  • Three Double Bedrooms +

  • Split Level +

  • Chain Free +

  • Superb Location +

  • Great Size +

  • Ideal First Time Purchase or Rental Investment +

SUMMARY
Nestled in between a number of key town centres (Brixton, Streatham, Tulse Hill and Herne Hill) this three bedroom split level purpose built flat is available chain free.

DESCRIPTION
Nestled in between a number of key town centres (Brixton, Streatham, Tulse Hill and Herne Hill) this three bedroom split level purpose built flat is available chain free. Spanning over 700 sq ft this is an ideal first time purchase or rental investment. As you enter the property you are greeted by a spacious hallway, separate kitchen and reception room as well as a balcony. Upstairs there is three double bedrooms and a modern bathroom. Overall this is an excellent flat in a superb location, early viewing is recommended.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Clapham

020 3872 3732

Next Steps?

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