2 Bed Flat, Single Let, Wallington, SM6 8SA, £285,000

Melbourne Road, Wallington, SM6 8SA - 2 views - a year ago

Leasehold
BTL
ROI: 3%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£132.5K - £646K
Sold Prices/m²£1.9K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£332,299
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Rent Range

£1,275 - £1,900

Rent Estimate

£1,413

Running Costs/mo

£1,193

Cashflow/mo

£220

Cashflow/yr

£2,637

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £132.5K to £646K, average is £303.5K. £1.9K/m² to £6.9K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£430K09/210.1 miFlat B, 16, Belmont Road, Wallington, Greater London SM6 8TB2
£335K06/230.14 mi6, Spring Gardens, Wallington, Greater London SM6 8SW2
£255K07/230.15 miFlat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£272.5K12/200.15 miFlat 33, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£141K01/210.19 mi25, Bute Court, Wallington, Greater London SM6 8AG2
£340K06/210.2 mi45, Park Road, Wallington, Greater London SM6 8AA2
£345K02/210.2 mi33, Grosvenor Road, Wallington, Greater London SM6 0EN2
£347.5K07/230.21 mi24, Bute Gardens West, Wallington, Greater London SM6 8SR2
£287K02/210.3 mi4, Queens Close, Wallington, Greater London SM6 0AQ2
£302K04/210.3 mi6, Queens Close, Wallington, Greater London SM6 0AQ2
£300K10/210.3 mi9, Queens Close, Wallington, Greater London SM6 0AQ2
£330K03/210.33 mi65a, Park Lane, Carshalton, Greater London SM5 3EE2
£321K11/200.34 miTop Floor Flat, 33, Park Lane, Carshalton, Greater London SM5 3EE2
£395K01/230.34 miGround Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE2
£646K06/210.38 mi17, Ross Road, Wallington, Greater London SM6 8QN2
£340K03/230.38 mi13a, Cranley Gardens, Wallington, Greater London SM6 9PR2
£230K01/230.4 miFlat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£190K10/210.42 miFlat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£297.5K06/210.43 mi57, Lavender Road, Carshalton, Greater London SM5 3EF2
£350K02/230.43 mi18, Lavender Road, Carshalton, Greater London SM5 3EF2
£295K06/210.45 mi37, Lavender Close, Carshalton, Greater London SM5 3EH2
£295K06/210.45 mi13, Lavender Close, Carshalton, Greater London SM5 3EH2
£297.5K04/210.45 mi23, Lavender Close, Carshalton, Greater London SM5 3EH2
£260K02/210.47 miFlat 11, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£260K03/210.47 miFlat 18, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K04/210.47 miFlat 19, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K08/210.47 miFlat 10, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£325K01/210.53 mi13, Ruskin Road, Carshalton, Greater London SM5 3DD2
£327K11/200.53 mi13a, Ruskin Road, Carshalton, Greater London SM5 3DD2
£320K05/210.57 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£345K05/230.57 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£375K02/230.6 mi24, Beacon Grove, Carshalton, Greater London SM5 3BA2
£348K08/230.62 mi24, Marchmont Road, Wallington, Greater London SM6 9NU2
£312K11/200.7 mi52a, Carshalton Park Road, Carshalton, Greater London SM5 3SS2
£279K10/210.7 mi16a, Butter Hill, Wallington, Greater London SM6 7JD2
£355K04/230.7 mi16, Butter Hill, Wallington, Greater London SM6 7JD2
£290K10/200.7 mi9, Hanno Close, Wallington, Greater London SM6 9BZ2
£365K03/210.71 mi17, Salisbury Road, Carshalton, Greater London SM5 3HA2
£225K04/210.72 mi43, Plough Lane Close, Wallington, Greater London SM6 8JN2
£325K03/230.75 mi59, Freshwood Way, Wallington, Greater London SM6 0RL2
£305K10/200.77 mi27, Beynon Road, Carshalton, Greater London SM5 3RW2
£300K02/210.77 mi26, Beynon Road, Carshalton, Greater London SM5 3RW2
£315K12/200.78 mi17, Stanhope Road, Carshalton, Greater London SM5 4LH2
£264K04/210.8 miFlat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£252.5K09/210.8 miFlat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£274.5K10/210.82 mi61, Caraway Place, Wallington, Greater London SM6 7AG2
£276K10/200.82 mi59, Caraway Place, Wallington, Greater London SM6 7AG2
£321.3K05/210.82 miApartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT2
£132.5K11/200.85 mi22, Brown Close, Wallington, Greater London SM6 9ER2
£350K11/220.85 mi1a, Park Hill, Carshalton, Greater London SM5 3RS2

Local Rents

52 rents from £1.3K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50002/240 miMelbourne Road, Wallington, Surrey, SM62
£1,50009/240.04 miCanon Court, 91 Manor Road, Wallington, SM62
£1,45008/240.04 mi91 Manor Road, Wallington2
£1,65009/240.04 miManor Road Wallington SM62
£1,85001/250.08 mi-2
£1,60004/250.08 mi-2
£1,50009/240.11 miBelmont Road, WALLINGTON2
£1,47508/240.11 miGrosvenor Road, WALLINGTON2
£1,60009/240.14 miBeddington Gardens, Wallington, SM62
£1,65010/240.15 mi-2
£1,50008/240.16 miCavalier Close Wallington SM62
£1,50009/240.16 miWoodcote Road, Wallington, SM62
£1,75009/240.17 miCavalier Close, Wallington, SM62
£1,45008/240.19 miClarendon Road, WALLINGTON2
£1,35008/240.19 miRosemount Clarendon Road Wallington SM6 8RW2
£1,40008/240.19 miBute Court, Bute Road, Wallington, SM62
£1,60009/240.19 mi-2
£1,40004/250.21 mi-2
£1,80008/240.24 mi-2
£1,80008/240.24 mi-2
£1,45010/240.24 mi-2
£1,60009/240.25 miMaldon Road, Wallington2
£1,90009/240.27 miStafford Road, Wallington, SM62
£1,90010/240.27 mi-2
£1,60009/240.27 mi-2
£1,75008/240.28 miStafford Road, Wallington, Surrey, SM62
£1,55008/240.29 miMaldon Road, Wallington, SM62
£1,60011/240.29 mi-2
£1,27509/240.29 miMaldon Road Wallington SM62
£1,60009/240.29 miHolmwood Gardens, Wallington, SM62
£1,60008/240.29 miMaldon Road, Wallington, SM62
£1,60008/240.29 mi-2
£1,60008/240.29 mi-2
£1,55003/250.29 mi-2
£1,50009/240.3 mi17 Parkgate Road, Wallington, SM62
£1,55002/240.3 mi-2
£1,65009/240.3 mi-2
£1,80009/240.31 miStanley Park Road2
£1,65009/240.32 mi-2
£1,65009/240.32 miJasmine Court, Wallington, SM62
£1,55008/240.32 mi-2
£1,50008/240.33 miParkgate Road, Wallington, SM62
£1,75012/240.34 mi-2
£1,75008/240.35 mi-2
£1,47508/240.35 miWoodcote Road, Wallington, SM62
£1,50008/240.35 miStanley Park Road, Wallington, SM62
£1,70003/250.35 mi-2
£1,85002/240.36 mi-2
£1,60010/240.36 mi-2
£1,45008/240.38 miStafford Road, WALLINGTON2
£1,50009/240.38 miStafford Road, WALLINGTON2
£1,60002/240.4 mi-2

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £285,000

October 31, 2023

Floor Plans

Description

  • TWO BEDROOM APARTMENT +
  • PARKING +
  • SECURE GATED DEVELOPMENT +
  • FANTASTIC LOCATION CLOSE TO WALLINGTON STATION +
  • TWO BATHROOMS +
  • BRIGHT AND AIRY THROUGHOUT +
  • CHAIN FREE +

SUMMARY
Set within a quiet gated development only moments from Wallington Station, this beautifully bright and airy second floor apartment with secure parking.

DESCRIPTION
Set within a quiet gated development only moments from Wallington Station, this beautifully bright and airy second floor apartment with secure parking. This lovely apartment enjoys generous living and entertaining spaces with the rooms all accessed via the long entrance corridor. The lounge is a fantastic size with dual aspect windows promoting both space and light; the kitchen can be found off the lounge and is well appointed. Both bedrooms are sizeable with the master benefitting from an en-suite facility. Salisbury House is a popular purpose built block set back off the road behind private gates offering a feel of tranquility and security; the apartment comes with an allocated parking space and is ideally situated for access to Wallington Station and the vast array of amenities along Wallington High Street and Manor Road.

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, Wallington

020 3909 9087

Next Steps?

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