2 Bed Flat, Single Let, London, SW3 5RY, £495,000

Swan Court, Chelsea Manor Street, Chelsea, London, SW3 5RY - 2 views - a year ago

Leasehold

BTL

ROI: 5%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£350K - £4.6M
Sold Prices/m²	£8.4K/m² - £31.2K/m²

Square Metres	~68.11 m²
Price/m²	£7.3K/m²
Value Estimate	£603,900£603,900
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£123,750£123,750
Stamp Duty & Legal Fees	£28,300£28,300
Total Cash In	£152,050£152,050

Cash Out
Rent Range	£2,300 - £12,567£2,300 - £12,567
Rent Estimate	£2,825
Running Costs/mo	£2,132£2,132
Cashflow/mo	£693£693
Cashflow/yr	£8,318£8,318
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £350K to £4.6M, average is £1.2M. £8.4K/m² to £31.2K/m², average is £13.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£850K	12/23	0.01 mi	Flat 4, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.2M	09/21	0.01 mi	Flat 54, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	06/23	0.01 mi	Flat 96, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RU	-	-	2	Flat
£1.3M	05/21	0.01 mi	Flat 113, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£915K	12/21	0.01 mi	Flat 67, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RX	-	-	2	Flat
£500K	03/23	0.01 mi	Flat 91, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£800K	02/24	0.12 mi	65, Radnor Walk, London, Greater London SW3 4BT	£8,421	95	2	Flat
£1.1M	09/23	0.12 mi	93a, Flood Street, London, Greater London SW3 5TB	£16,462	65	2	Flat
£1.7M	08/23	0.12 mi	Upper Maisonette, 25, Redesdale Street, London, Greater London SW3 4BL	£17,784	97	2	Flat
£950K	05/21	0.13 mi	Flat 22, Britten House, Britten Street, London, Greater London SW3 3UB	-	-	2	Flat
£1.4M	11/20	0.14 mi	Garden Maisonette, 105, Oakley Street, London, Greater London SW3 5NR	-	-	2	Flat
£1.1M	09/21	0.15 mi	Flat 38, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£890K	06/21	0.15 mi	Flat 42, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£1.3M	01/21	0.15 mi	First Floor Flat, 43, Tedworth Square, London, Greater London SW3 4DW	-	-	2	Flat
£620K	03/21	0.15 mi	Flat 67, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	-	-	2	Flat
£620K	06/21	0.16 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	06/21	0.16 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£2.0M	01/21	0.16 mi	105, Flood Street, London, Greater London SW3 5TD	-	-	2	Flat
£1.6M	01/23	0.2 mi	Flat 2, Rossetti Garden Mansions, Flood Street, London, Greater London SW3 5QY	-	-	2	Flat
£1.3M	03/21	0.21 mi	Flat 1, Astell House, Astell Street, London, Greater London SW3 3RX	-	-	2	Flat
£875K	06/23	0.22 mi	Ground Floor Flat, 18, Bramerton Street, London, Greater London SW3 5JX	£16,264	54	2	Flat
£1.6M	12/20	0.29 mi	34a, Tite Street, London, Greater London SW3 4JA	£22,222	72	2	Flat
£1.5M	09/23	0.3 mi	Flat B, 2, Anderson Street, London, Greater London SW3 3LU	-	-	2	Flat
£1.0M	10/23	0.3 mi	Flat 2, Kings Mansions, Lawrence Street, London, Greater London SW3 5ND	-	-	2	Flat
£1.4M	05/23	0.3 mi	First And Second Floor Flat, 20, Walpole Street, London, Greater London SW3 4QP	-	-	2	Flat
£1.7M	08/23	0.3 mi	Flat 164, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HF	-	-	2	Flat
£1.4M	05/21	0.3 mi	Flat 206, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HG	-	-	2	Flat
£1.7M	06/23	0.3 mi	Flat 53, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HW	-	-	2	Flat
£1.5M	07/23	0.3 mi	Flat 237, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HD	-	-	2	Flat
£1.8M	10/20	0.31 mi	15, Anderson Street, London, Greater London SW3 3NH	-	-	2	Flat
£1.2M	03/23	0.32 mi	Flat 77, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HH	-	-	2	Flat
£1.3M	06/21	0.33 mi	Flat 90, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£2.2M	01/23	0.34 mi	Flat 87, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£665K	04/23	0.35 mi	Flat 45, Pond House, Pond Place, London, Greater London SW3 6QS	-	-	2	Flat
£1.2M	06/21	0.39 mi	Flat 29, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.4M	09/21	0.39 mi	Flat 21, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£592K	04/21	0.39 mi	21, Wiltshire Close, London, Greater London SW3 2NS	£11,608	51	2	Flat
£1.8M	04/21	0.4 mi	7a, Sydney Place, London, Greater London SW7 3NL	-	-	2	Flat
£2.2M	02/21	0.41 mi	Flat 19, Culford Mansions, Culford Gardens, London, Greater London SW3 2SS	-	-	2	Flat
£1.1M	06/23	0.41 mi	Flat 8, York House, Turks Row, London, Greater London SW3 4TH	-	-	2	Flat
£1.0M	11/21	0.41 mi	Flat 10, Beaufort House, Beaufort Street, London, Greater London SW3 5AD	£9,857	105	2	Flat
£1.5M	02/24	0.44 mi	Beaufort Mansions, Flat 60, Beaufort Street, London, Greater London SW3 5AF	£13,378	111	2	Flat
£4.6M	05/23	0.46 mi	5, Elm Place, London, Greater London SW7 3QH	£31,190	147	2	Flat
£350K	07/23	0.48 mi	The Studio Flat, 106, Beaufort Street, London, Greater London SW3 6BU	-	-	2	Flat
£604.5K	10/23	0.48 mi	First Floor Flat, 104, Beaufort Street, London, Greater London SW3 6BU	£12,337	49	2	Flat
£801K	12/20	0.49 mi	7a, Anhalt Road, London, Greater London SW11 4NZ	-	-	2	Flat
£656K	05/21	0.5 mi	Flat 5, Wedderburn House, Lower Sloane Street, London, Greater London SW1W 8BZ	-	-	2	Flat
£605K	03/21	0.52 mi	14, Richards Place, London, Greater London SW3 2LA	£16,806	36	2	Flat
£812.5K	04/21	0.52 mi	Lower Ground Floor Flat, 1, Callow Street, London, Greater London SW3 6BJ	-	-	2	Flat
£840K	01/23	0.55 mi	Flat 29, Elm Park Mansions, Park Walk, London, Greater London SW10 0AW	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £12.6K/mo, average is £4.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,000	09/24	0.01 mi	Swan Court, Chelsea Manor Street, SW3	2	Flat
£4,983	09/24	0.04 mi	Kings Road, London, SW3	2	Flat
£4,312	09/24	0.04 mi	Kings Road London SW3	2	Flat
£4,312	09/24	0.04 mi	Kings Road, Chelsea, SW3	2	Flat
£4,983	09/24	0.04 mi	Kings Road, London, SW3	2	Flat
£10,833	09/24	0.09 mi	Radnor Walk, Chelsea, SW3	2	Flat
£5,000	03/25	0.1 mi	-	2	Flat
£6,890	09/24	0.11 mi	Kings road, Chelsea, London, SW3	2	Flat
£2,384	09/24	0.11 mi	Chelsea Manor Street, Chelsea, London, SW3	2	Flat
£3,200	03/25	0.11 mi	-	2	Flat
£4,000	09/24	0.11 mi	-	2	Flat
£4,983	09/24	0.11 mi	-	2	Flat
£4,268	09/24	0.11 mi	-	2	Flat
£4,000	02/25	0.11 mi	-	2	Flat
£4,500	03/25	0.11 mi	-	2	Flat
£4,000	09/24	0.11 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.12 mi	Kings Road, Chelsea, SW3	2	Flat
£6,890	09/24	0.12 mi	Kings Road, Chelsea, SW3	2	Flat
£3,792	09/24	0.12 mi	Kings Road, Chelsea, SW3	2	Flat
£6,890	09/24	0.12 mi	-	2	Flat
£6,890	09/24	0.12 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.12 mi	Kings Road, London, SW3	2	Flat
£4,400	03/25	0.13 mi	-	2	Flat
£12,567	09/24	0.13 mi	Oakley Street, Chelsea, SW3	2	Flat
£6,283	09/24	0.13 mi	Oakley Street, London, SW3	2	Flat
£2,950	02/25	0.13 mi	-	2	Flat
£6,283	09/24	0.14 mi	Oakley Street, Chelsea, SW3	2	Flat
£6,283	09/24	0.14 mi	Oakley Street, Chelsea, SW3	2	Flat
£5,850	09/24	0.14 mi	Redburn Street, Chelsea, London, SW3	2	Flat
£5,499	09/24	0.15 mi	Britten Street, Chelsea, London, SW3	2	Flat
£6,673	09/24	0.15 mi	Pelham Court Mid Term Let SW3	2	Flat
£6,500	09/24	0.15 mi	Redburn Street, Chelsea, SW3	2	Flat
£2,850	09/24	0.15 mi	-	2	Flat
£6,500	09/24	0.15 mi	Redburn Street, London, SW3	2	Flat
£6,284	09/24	0.15 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£12,567	09/24	0.15 mi	Oakley Street, Chelsea, London, SW3	2	Flat
£4,000	09/24	0.16 mi	Kings Road, Chelsea	2	Flat
£3,250	09/24	0.16 mi	Kings Road, Chelsea	2	Flat
£6,478	09/24	0.17 mi	Cavalry Square, Turks Row, London, SW3	2	Flat
£3,683	09/24	0.17 mi	St. Loo Avenue, SW3	2	Flat
£4,312	09/24	0.18 mi	Redesdale Street, Chelsea, London, SW3	2	Flat
£3,250	09/24	0.18 mi	Flood Street, London, SW3	2	Flat
£2,300	03/25	0.19 mi	-	2	Flat
£3,012	09/24	0.19 mi	Christchurch Terrace, London, SW3	2	Flat
£3,683	09/24	0.21 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.21 mi	Cheyne Walk, London, SW3	2	Flat
£3,683	09/24	0.21 mi	Pier House, 31 Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.21 mi	Cheyne Walk, SW3	2	Flat
£3,683	09/24	0.21 mi	Oakley Street, Chelsea, SW3	2	Flat
£2,817	09/24	0.22 mi	Oakley Street, Chelsea, SW3	2	Flat

Local Area Statistics

Population in SW3	22,08622,086
Population in London	4,771,9214,771,921
Town centre distance	3.86 miles away3.86 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.55 miles away0.55 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-16%-16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-9%-9%

Property History

Listed for £495,000

December 21, 2023

Floor Plans

Description

An unmodernised 5th floor flat, with a lift, now in need of refurbishment in the newly refurbished Swan Court.

The property has a west facing reception room, separate kitchen behind, principal bedroom and second bedroom, both sharing a bathroom. The property is currently held on a 17yr lease.

*Our client is able to serve a Section 42 Notice in order for a buyer to extend the lease by 90yrs.

Swan Court has recently been fitted out with new lifts, lighting, CCTV and all communal areas have been refurbished. This is complimented with electric entry gates, 24hr porterage and the benefit of Chelsea's many shops, restaurants and transport links on Kings Road.

Agent Details

John D Wood & Co. Sales, Chelsea Green

020 3835 4101

Next Steps?

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

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2 Bed Flat, Single Let, London, SW3 5RY, £495,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents