2 Bed Flat, Single Let, London, SW2 3NX, £350,000

Arborfield Close, London, SW2 3NX - 2 views - a year ago

Leasehold

BTL

ROI: 4%

~70 m²

+4 photos

ValuationUndervalued

Sold Prices	£297.5K - £680K
Sold Prices/m²	£3.6K/m² - £14K/m²

Square Metres	~70 m²
Price/m²	£5K/m²
Value Estimate	£423,500£423,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,550 - £2,600£1,550 - £2,600
Rent Estimate	£1,798
Running Costs/mo	£1,473£1,473
Cashflow/mo	£325£325
Cashflow/yr	£3,896£3,896
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £297.5K to £680K, average is £470K. £3.6K/m² to £14K/m², average is £8.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£357.5K	11/20	0.07 mi	15, Roupell Road, London, Greater London SW2 3EL	£5,500	65	2	Flat
£415K	04/21	0.14 mi	Flat 216, Pullman Court, Streatham Hill, London, Greater London SW2 4TA	-	-	2	Flat
£382K	01/23	0.17 mi	Flat 72, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£365K	09/21	0.17 mi	Flat 58, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£387.5K	10/21	0.17 mi	Flat 79, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£375K	04/23	0.18 mi	Flat 47, Wavertree Court, Streatham Hill, London, Greater London SW2 4TN	-	-	2	Flat
£526.5K	06/21	0.25 mi	Ground Floor Flat, 9, Cotherstone Road, London, Greater London SW2 3NE	-	-	2	Flat
£480K	06/21	0.25 mi	139, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ	£7,059	68	2	Flat
£465K	11/21	0.28 mi	118a, Cricklade Avenue, London, Greater London SW2 3HH	£8,304	56	2	Flat
£447.5K	03/21	0.28 mi	114d, Cricklade Avenue, London, Greater London SW2 3HH	£8,606	52	2	Flat
£485K	06/21	0.28 mi	110b, Barcombe Avenue, London, Greater London SW2 3BA	-	-	2	Flat
£567.5K	08/23	0.28 mi	261, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£13,841	41	2	Flat
£550K	04/23	0.28 mi	197, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£8,333	66	2	Flat
£481.5K	03/21	0.29 mi	79, Barcombe Avenue, London, Greater London SW2 3BG	-	-	2	Flat
£410K	12/20	0.29 mi	Flat 21, Christchurch House, Christchurch Road, London, Greater London SW2 3UA	-	-	2	Flat
£499K	10/20	0.32 mi	14a, Maplestead Road, London, Greater London SW2 3LX	£3,642	137	2	Flat
£560K	03/21	0.32 mi	Flat A, 9, Maplestead Road, London, Greater London SW2 3LX	£8,485	66	2	Flat
£430K	10/21	0.32 mi	25b, Montrell Road, London, Greater London SW2 4QD	-	-	2	Flat
£550K	02/23	0.32 mi	22, Hailsham Avenue, London, Greater London SW2 3AH	-	-	2	Flat
£495K	06/21	0.33 mi	128, Amesbury Avenue, London, Greater London SW2 3AB	£8,534	58	2	Flat
£650K	05/23	0.35 mi	Flat B, 5, Killieser Avenue, London, Greater London SW2 4NU	-	-	2	Flat
£365K	02/23	0.36 mi	Flat 11, Elstead House, Redlands Way, London, Greater London SW2 3LT	-	-	2	Flat
£438.5K	12/20	0.36 mi	Ground Floor Flat, 22, Abbots Park, London, Greater London SW2 3QD	-	-	2	Flat
£524K	01/21	0.38 mi	36, Keymer Road, London, Greater London SW2 3AP	£6,313	83	2	Flat
£315K	05/23	0.38 mi	Flat 2, Tanhurst House, Redlands Way, London, Greater London SW2 3LS	-	-	2	Flat
£325K	06/21	0.4 mi	Flat 5, Tebbs House, Upper Tulse Hill, London, Greater London SW2 2PJ	-	-	2	Flat
£590K	01/23	0.4 mi	Ground Floor Flat, 20, Sulina Road, London, Greater London SW2 4EJ	£14,048	42	2	Flat
£603.5K	05/21	0.41 mi	75a, Tierney Road, Streatham, London, Greater London SW2 4QH	-	-	2	Flat
£495K	08/21	0.42 mi	Flat B, 75, Telford Avenue, London, Greater London SW2 4XL	-	-	2	Flat
£304.5K	06/23	0.43 mi	51, Mountearl Gardens, London, Greater London SW16 2NL	£5,075	60	2	Flat
£297.5K	11/21	0.43 mi	256b, Brixton Hill, London, Greater London SW2 1HF	-	-	2	Flat
£585K	03/23	0.43 mi	38a, Hitherfield Road, London, Greater London SW16 2LN	-	-	2	Flat
£420K	11/21	0.45 mi	Flat 19, Streatleigh Court, Streatham High Road, London, Greater London SW16 1EG	-	-	2	Flat
£525K	02/23	0.46 mi	6, Brading Road, London, Greater London SW2 2AN	£7,609	69	2	Flat
£590K	03/23	0.47 mi	16, Brading Road, London, Greater London SW2 2AN	£11,569	51	2	Flat
£300K	11/20	0.49 mi	Flat 38, Warnham House, Upper Tulse Hill, London, Greater London SW2 2SA	-	-	2	Flat
£445K	02/23	0.53 mi	45, Doverfield Road, London, Greater London SW2 5NF	£8,558	52	2	Flat
£425K	06/21	0.53 mi	53, Doverfield Road, London, Greater London SW2 5NF	-	-	2	Flat
£395K	05/23	0.53 mi	47, Doverfield Road, London, Greater London SW2 5NF	£6,583	60	2	Flat
£350K	06/21	0.53 mi	Flat 72, Cameford Court, New Park Road, London, Greater London SW2 4LJ	-	-	2	Flat
£475K	03/21	0.53 mi	104a, Kingswood Road, London, Greater London SW2 4JL	£8,221	58	2	Flat
£535K	11/20	0.53 mi	104b, Kingswood Road, London, Greater London SW2 4JL	-	-	2	Flat
£545K	04/21	0.53 mi	28a, Romola Road, London, Greater London SE24 9AZ	£8,036	68	2	Flat
£600K	11/20	0.53 mi	Flat A, 47, Medora Road, London, Greater London SW2 2LW	£12,766	47	2	Flat
£547.5K	07/23	0.53 mi	First Floor Flat, 45, Medora Road, London, Greater London SW2 2LW	-	-	2	Flat
£349K	09/21	0.54 mi	28c, Romola Road, London, Greater London SE24 9AZ	-	-	2	Flat
£550K	03/21	0.54 mi	18b, Elm Park, London, Greater London SW2 2UB	-	-	2	Flat
£680K	08/21	0.55 mi	2a, Probyn Road, London, Greater London SW2 3LH	-	-	2	Flat
£380K	06/21	0.55 mi	Flat B, 11, Thornton Avenue, London, Greater London SW2 4HL	-	-	2	Flat
£300K	06/21	0.55 mi	8, Saxby Road, London, Greater London SW2 4JU	£4,839	62	2	Flat

Local Rents

52 rents from £1.6K/mo to £2.6K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	09/24	0.06 mi	-	2	Flat
£1,995	11/24	0.07 mi	-	2	Flat
£2,450	09/24	0.12 mi	Palace Road, London, SW2	2	Flat
£2,100	09/24	0.13 mi	Christchurch Road, London SW2 3EX	2	Flat
£2,400	02/25	0.14 mi	-	2	Flat
£2,550	01/25	0.15 mi	-	2	Flat
£1,850	09/24	0.16 mi	-	2	Flat
£2,000	09/24	0.18 mi	Bushell Close, London, SW2	2	Flat
£1,800	09/24	0.19 mi	Streatham Hill Corner Fielde SW2	2	Flat
£1,995	09/24	0.22 mi	Wyatt Park Road, London, SW2	2	Flat
£1,950	11/24	0.23 mi	-	2	Flat
£1,900	03/25	0.23 mi	-	2	Flat
£1,995	02/25	0.23 mi	-	2	Flat
£2,200	09/24	0.24 mi	Upper Tulse Hill Road, London, SW2	2	Terraced House
£2,200	09/24	0.24 mi	-	2	Terraced House
£2,200	09/24	0.24 mi	-	2	Terraced House
£2,600	09/24	0.24 mi	SW2 2RD	2	Flat
£1,850	02/25	0.24 mi	-	2	Flat
£1,900	02/25	0.25 mi	-	2	Flat
£2,200	02/25	0.25 mi	-	2	Flat
£2,300	09/24	0.25 mi	Cotherstone Road, Tulse Hill	2	Flat
£1,850	09/24	0.26 mi	Streatham Hill, London, SW2	2	Flat
£2,000	09/24	0.28 mi	Barcombe Avenue, London, SW2	2	Flat
£2,100	09/24	0.29 mi	Barcombe Avenue, Streatham Hill, SW2	2	Flat
£2,200	09/24	0.3 mi	Amesbury Avenue, Streatham Hill	2	Flat
£1,900	09/24	0.31 mi	-	2	Flat
£1,950	09/24	0.31 mi	-	2	Flat
£1,950	09/24	0.31 mi	Amesbury Avenue, London, SW2	2	Flat
£2,450	09/24	0.31 mi	Blairderry Road, Streatham Hill	2	Flat
£2,450	09/24	0.31 mi	Blairderry Road, Streatham Hill	2	Flat
£2,450	09/24	0.31 mi	Blairderry Road, Streatham Hill	2	Flat
£1,850	03/25	0.32 mi	-	2	Flat
£1,850	02/24	0.32 mi	-	2	Flat
£2,300	12/24	0.32 mi	-	2	Flat
£2,100	11/24	0.32 mi	-	2	Flat
£2,200	02/25	0.32 mi	-	2	Flat
£1,900	09/24	0.32 mi	Tierney Road, Streatham	2	Flat
£1,750	09/24	0.32 mi	Montrell Road Streatham Hill SW2	2	Flat
£1,798	09/24	0.33 mi	Amesbury Avenue, Streatham Hill, SW2	2	Flat
£1,999	01/25	0.33 mi	-	2	Flat
£1,950	09/24	0.34 mi	-	2	Flat
£2,300	02/25	0.34 mi	-	2	Flat
£2,100	09/24	0.34 mi	Lydhurst Avenue, Streatham Hill	2	Flat
£2,350	02/24	0.34 mi	-	2	Flat
£2,400	09/24	0.34 mi	Gaumont Place, Streatham	2	Flat
£2,400	09/24	0.34 mi	Gaumont Place, Streatham	2	Flat
£2,250	09/24	0.35 mi	-	2	Flat
£2,400	10/24	0.36 mi	-	2	Flat
£2,300	09/24	0.36 mi	Upper Tulse Hill, Brixton Hill, London, SW2	2	Flat
£2,400	09/24	0.36 mi	Gaumont Place, Streatham Hill	2	Flat
£1,550	09/24	0.36 mi	-	2	Flat
£1,550	09/24	0.36 mi	-	2	Flat

Local Area Statistics

Population in SW2	54,20454,204
Population in London	4,771,9214,771,921
Town centre distance	5.97 miles away5.97 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.42 miles away0.42 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £350,000

February 28, 2024

Floor Plans

Description

Two double bedrooms +
Residence parking +
Quiet location +
Good condition +
No onward chain +
Lease of 125 years on completion +

A well-presented and generously sized two bedroom ground floor apartment situated in a modern development and offered for sale with no onward chain. The lease will be extended to 125 years, on completion.

Affording a variety of features, the property is positioned in a prime Streatham Hill location, close to a variety of shops, bars, restaurants, and transport.

The property briefly comprises a spacious reception room, kitchen, two good sized double bedrooms and a bathroom. Also benefiting from off-street parking this flat would make a great first-time buy or investment.

Agent Details

Stirling Ackroyd Sales, Streatham

020 3879 5197

Next Steps?

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

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