2 Bed Flat, Single Let, West Wickham, BR4 0AP, £375,000

Leasehold

BTL

~68 m²

+4 photos

ValuationOvervalued

Sold Prices	£215K - £400K
Sold Prices/m²	£3.8K/m² - £6.3K/m²

Square Metres	~68.11 m²
Price/m²	£5.5K/m²
Value Estimate	£349,885£349,885

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£119,950£119,950

Cash Out
Rent Range	£1,400 - £1,900£1,400 - £1,900
Rent Estimate	£1,400
Running Costs/mo	£1,472£1,472
Cashflow/mo	£-72£-72
Cashflow/yr	£-862£-862
Gross Yield	4%4%

Local Sold Prices

20 sold prices from £215K to £400K, average is £343.5K. £3.8K/m² to £6.3K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	04/23	0.05 mi	2b, Glebe Way, West Wickham, Greater London BR4 0RJ	£3,802	58	2	Flat
£250K	08/22	0.08 mi	Flat 8, Chatsworth Lodge, Wickham Court Road, West Wickham, Greater London BR4 0LY	-	-	2	Flat
£345K	06/21	0.28 mi	3, Martins Close, West Wickham, Greater London BR4 9AB	£6,053	57	2	Flat
£367.5K	04/22	0.32 mi	Flat 6, Hayter Lodge, Springfield Gardens, West Wickham, Greater London BR4 9FE	-	-	2	Flat
£330K	03/21	0.37 mi	12a, Mount Court, West Wickham, Greater London BR4 9AH	£6,346	52	2	Flat
£375K	07/22	0.39 mi	50, Grosvenor Road, West Wickham, Greater London BR4 9PY	£5,137	73	2	Flat
£312K	01/21	0.42 mi	24, Mount Court, West Wickham, Greater London BR4 9AH	£6,000	52	2	Flat
£395K	11/22	0.45 mi	Flat 20, Sherwood Court, High Street, West Wickham, Greater London BR4 0NB	-	-	2	Flat
£360K	05/21	0.53 mi	Flat 26, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ	-	-	2	Flat
£365K	06/21	0.55 mi	Flat 61, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ	-	-	2	Flat
£335K	05/22	0.55 mi	Flat 3, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ	-	-	2	Flat
£347.5K	04/23	0.55 mi	Flat 62, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ	£4,796	72	2	Flat
£355K	01/21	0.55 mi	Flat 52, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ	-	-	2	Flat
£400K	07/22	0.58 mi	60, Chamberlain Crescent, West Wickham, Greater London BR4 0LL	£5,866	68	2	Flat
£250K	02/23	0.6 mi	Flat 16, Crittenden Lodge, Pond Cottage Lane, West Wickham, Greater London BR4 0QD	-	-	2	Flat
£215K	12/20	0.72 mi	19, Bracken Avenue, Croydon, Greater London CR0 8NN	£3,839	56	2	Flat
£220K	09/21	0.72 mi	9, Bracken Avenue, Croydon, Greater London CR0 8NN	£4,496	49	2	Flat
£315K	04/23	0.78 mi	Flat 1, Devonshire Court, Wickham Road, Croydon, Greater London CR0 8EA	-	-	2	Flat
£370K	12/22	0.8 mi	4, Rosslyn Close, West Wickham, Greater London BR4 9HX	-	-	2	Flat
£342K	02/21	0.91 mi	37, Holland Close, Bromley, Greater London BR2 7DS	-	-	2	Flat

Local Rents

16 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	02/25	0.02 mi	-	2	Flat
£1,900	03/25	0.03 mi	-	2	Flat
£1,400	03/24	0.09 mi	Station Road, West Wickham, BR4	2	Flat
£1,400	03/24	0.09 mi	Station Road, WEST WICKHAM	2	Flat
£1,800	05/24	0.09 mi	New Build - Airedale House, West Wickham, BR4	2	Flat
£1,800	05/24	0.09 mi	New Build - Airedale House, West Wickham, BR4	2	Flat
£1,400	03/24	0.14 mi	Station Road, West Wickham, Kent	2	Flat
£1,500	03/25	0.27 mi	-	2	Flat
£1,800	03/25	0.29 mi	-	2	Flat
£1,750	04/24	0.32 mi	Springfield Gardens West Wickham BR4	2	Flat
£1,430	03/24	0.33 mi	High Street, West Wickham, Kent, BR4	2	Flat
£1,775	03/25	0.35 mi	-	2	Terraced House
£1,660	12/23	0.36 mi	-	2	Flat
£1,480	05/24	0.4 mi	-	2	Flat
£1,650	11/23	0.41 mi	-	2	Flat
£1,500	02/24	0.42 mi	-	2	Flat

Local Area Statistics

Population in BR4	19,34919,349
Population in West Wickham	19,36119,361
Town centre distance	0.34 miles away0.34 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.41 miles away0.41 miles away

Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £375,000

February 7, 2024

Floor Plans

Description

- Two Bedrooms +
- Two Bathrooms +
- Contemporary +
- Balcony +
- Parking Space +
- Close to Transport Links +
- Chain Free +
- Energy Efficiency Rating B +

CHAIN FREE | VIRTUAL VIEWING AVAILABLE

This very stylish two bedroom, two bathroom contemporary apartment located in central West Wickham with easy access to local schools, High Street and Mainline station.

Located in a secure modern contemporary building this apartment sits to the rear within this plush development. Despite being positioned in such a convenient central location, the apartment also features a quiet sunny balcony providing outdoor space and a parking space.

Tenure - Leasehold - Lease Length: 250 years from 1st January 2016
Ground Rent: £300 P/A
Service Charges: £2,806 P/A

Energy Efficiency Rating B
Council Tax Rating D

Agent Details

Langford Russell, West Wickham

020 8138 0536

Next Steps?

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