2 Bed Flat, Single Let, London, SW16 1RH, £320,000

Colson Way, London, SW16 1RH - a year ago

Leasehold
BTL
ROI: 3%
~61 m²
+3 photos

ValuationUndervalued

Sold Prices£282.7K - £805K
Sold Prices/m²£5.4K/m² - £15.2K/m²

 

 

Square Metres

~61.46 m²
Price/m²£5.2K/m²

Value Estimate

£384,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£100,700

 

 

Cash Out

 

Rent Range

£1,600 - £2,520

Rent Estimate

£1,606

Running Costs/mo

£1,341

Cashflow/mo

£265

Cashflow/yr

£3,178

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £282.7K to £805K, average is £439.8K. £5.4K/m² to £15.2K/m², average is £7.7K/m².

PriceDateDistanceAddressBeds 
£325K11/210.06 miFlat 23, Fordyce House, Colson Way, London, Greater London SW16 1SF2
£282.7K05/210.09 miFlat 12, Percy House, Pringle Gardens, London, Greater London SW16 1SQ2
£324.3K12/200.15 miFlat 9, Busby House, Aldrington Road, London, Greater London SW16 1TZ2
£320K11/200.2 miFlat 14, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£321.5K01/210.2 miFlat 10, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£346.9K12/200.2 miFlat 23, Oldfield House, West Drive, London, Greater London SW16 1RT2
£615K11/210.23 mi1, Thirlmere Road, London, Greater London SW16 1QW2
£352.5K12/200.33 miFlat 10, Shelburne House, Fayland Avenue, London, Greater London SW16 1SX2
£538K02/210.34 mi35, Fernwood Avenue, London, Greater London SW16 1RD2
£340K09/210.36 miFlat A, 27, Tooting Bec Gardens, London, Greater London SW16 1QY2
£535K07/230.37 mi39, Lisle Close, London, Greater London SW17 6LB2
£327K10/210.37 miFlat 6, Clive Court, Babington Road, London, Greater London SW16 6AL2
£550K09/210.37 mi3a, Nimrod Road, London, Greater London SW16 6SZ2
£416K10/210.38 mi20a, Ribblesdale Road, London, Greater London SW16 6SE2
£444.5K04/230.39 miGround Floor Flat, 39, Ribblesdale Road, London, Greater London SW16 6SF2
£457K05/210.39 mi222, Macmillan Way, London, Greater London SW17 6AW2
£460K04/210.39 mi192, Macmillan Way, London, Greater London SW17 6AW2
£510K07/230.39 mi192, Macmillan Way, London, Greater London SW17 6AW2
£445K07/210.41 mi64, Lisle Close, London, Greater London SW17 6LD2
£435K03/210.41 mi182, Massingberd Way, London, Greater London SW17 6AP2
£445K09/230.41 mi124, Macmillan Way, London, Greater London SW17 6AU2
£525K10/230.43 mi203, Massingberd Way, London, Greater London SW17 6AQ2
£385K12/200.43 mi119, Massingberd Way, London, Greater London SW17 6AJ2
£295K04/230.43 mi142, Massingberd Way, London, Greater London SW17 6AJ2
£388K03/230.43 mi43, Hillbury Road, Balham, London, Greater London SW17 8JT2
£420K11/210.43 miFlat 3, 94, Gleneagle Road, London, Greater London SW16 6AF2
£487K01/210.44 mi25, Mount Ephraim Lane, London, Greater London SW16 1JE2
£420K06/210.45 mi48a, Westcote Road, London, Greater London SW16 6BW2
£363.8K06/210.45 mi16a, Penwortham Road, London, Greater London SW16 6RE2
£620K07/230.47 mi15, Birchwood Road, London, Greater London SW17 9BQ2
£805K05/230.48 miFlat C, 15, Elmbourne Road, London, Greater London SW17 8JS2
£415K08/230.48 mi14, Molyneux Drive, London, Greater London SW17 6BA2
£590K05/210.48 miFlat A, 182, Gleneagle Road, Streatham, London, Greater London SW16 6BA2
£425K10/230.49 mi33, Massingberd Way, London, Greater London SW17 6AD2
£750K02/210.49 mi47, Moyser Road, London, Greater London SW16 6RW2
£385K05/230.5 mi174, Henry Doulton Drive, London, Greater London SW17 6DH2
£507K08/230.51 mi151, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£455K07/230.51 mi139b, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£575K06/210.51 mi61, Franciscan Road, London, Greater London SW17 8EA2
£542K12/200.52 miGround Floor Flat, 49, Gleneldon Road, Streatham, London, Greater London SW16 2AX2
£327.5K10/210.52 miSecond Floor Flat, 75, Norfolk House Road, London, Greater London SW16 1JQ2
£527.3K03/210.52 mi95b, Kingscourt Road, London, Greater London SW16 1JA2
£315K09/210.53 mi9b, Blegborough Road, London, Greater London SW16 6DL2
£755K04/210.54 mi33, Hambro Road, London, Greater London SW16 6JD2
£409K10/230.55 mi24, Gearing Close, London, Greater London SW17 6DJ2
£635K10/230.56 mi24d, Veronica Road, London, Greater London SW17 8QL2
£512K06/210.56 mi20a, Veronica Road, London, Greater London SW17 8QL2
£373K11/210.57 miFlat A, 70, Eardley Road, London, Greater London SW16 6BL2
£537K02/230.57 miFlat C, 20, Veronica Road, London, Greater London SW17 8QL2
£365K02/210.57 miFlat B, 14, Moorcroft Road, London, Greater London SW16 1NL2

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,91002/240 mi-2
£1,80010/240.01 mi-2
£1,70009/240.15 miRiggindale Road, Streatham2
£2,10009/240.19 miRiggindale Road, Streatham2
£2,30009/240.19 miThrale Road, Streatham2
£2,20009/240.23 miAbbotsleigh Road, Streatham2
£1,60010/240.23 mi-2
£1,60001/250.23 mi-2
£2,00009/240.24 miTooting Bec Gardens, Streatham2
£2,15003/250.24 mi-2
£1,75012/240.24 mi-2
£1,80010/240.26 mi-2
£2,00009/240.27 miAmbleside Avenue, London, SW162
£2,00009/240.27 mi-2
£2,30009/240.28 mi-2
£1,85003/250.28 mi-2
£2,15002/250.29 mi-2
£2,00009/240.31 miPrentis Road, Streatham2
£2,10009/240.31 miThrale Road, London, SW162
£2,10009/240.32 mi-2
£2,00012/240.32 mi-2
£1,90003/250.33 mi-2
£1,75009/240.33 mi-2
£1,70011/240.35 mi-2
£1,90010/240.35 mi-2
£1,90012/240.35 mi-2
£2,52002/240.35 mi-2
£1,92002/250.36 mi-2
£2,30009/240.36 mi-2
£1,99902/250.36 mi-2
£2,25009/240.36 mi-2
£2,00009/240.38 miAmbleside Gardens London SW162
£2,25009/240.39 miWoodbourne Avenue, London, SW162
£1,64509/240.39 mi-2
£1,70002/240.39 mi-2
£2,00003/250.4 mi-2
£1,95003/250.4 mi-2
£1,85009/240.4 mi-2
£1,85009/240.4 mi-2
£2,00001/250.4 mi-2
£1,70002/250.4 mi-2
£1,85009/240.41 mi-2
£2,20012/240.41 mi-2
£1,99512/240.41 mi-2
£1,80009/240.41 miMacmillan Way, London, SW172
£1,90009/240.42 miPendle Road2
£1,75009/240.42 miFairmile Avenue Streatham SW162
£2,00002/250.43 mi-2
£2,20003/250.43 mi-2
£2,20003/250.43 mi-2

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

6.93 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £320,000

March 16, 2025

Price changed to £330,000

September 25, 2024

Listed for £350,000

January 5, 2024

Floor Plans

Description

  • Chain free +

  • Open plan living +

  • Short walk to Tooting Bec Common +

  • Three Bedrooms +

  • Outside Space +

  • Excellent Decorative Order +

  • Furzdown +

SUMMARY
A ground floor three bedroom purpose built apartment with a balcony a few moments from Tooting Bec Common in the desirable Furzdown area.

DESCRIPTION
A well presented three bedroom ground floor flat offered to the market with no onward chain complications. The property boasts over 660 square foot of internal accommodation to include three spacious bedrooms, bathroom and a well-appointed light and airy open plan living with access to balcony.
Colson Way is enviably located just yards from the wide open spaces of Tooting Bec Common and the famous LIdo; the Tube at Tooting Bec (Northern Line) is located just 0.9m away.

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, Streatham

020 3870 1876

Next Steps?

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