3 Bed Flat, Single Let, London, SW18 1AZ, £575,000

OMEGA BUILDING Smugglers Way, London, Greater London, SW18 1AZ - 3 views - a year ago

Leasehold

BTL

ROI: 4%

~87 m²

+14 photos

ValuationUndervalued

Sold Prices	£386K - £1.9M
Sold Prices/m²	£5.7K/m² - £19.2K/m²

Square Metres	~87.17 m²
Price/m²	£6.6K/m²
Value Estimate	£707,250£707,250
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£143,750£143,750
Stamp Duty & Legal Fees	£34,700£34,700
Total Cash In	£178,450£178,450

Cash Out
Rent Range	£2,600 - £9,143£2,600 - £9,143
Rent Estimate	£3,030
Running Costs/mo	£2,423£2,423
Cashflow/mo	£607£607
Cashflow/yr	£7,284£7,284
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £386K to £1.9M, average is £805K. £5.7K/m² to £19.2K/m², average is £9.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.0M	04/23	0.1 mi	Flat 332, Bluewater House, Smugglers Way, London, Greater London SW18 1ED	-	-	3	Flat
£930K	04/23	0.12 mi	Flat 442, Anchor House, Smugglers Way, London, Greater London SW18 1EX	-	-	3	Flat
£881.5K	08/21	0.28 mi	Ground Floor Flat, 49, Dempster Road, London, Greater London SW18 1AS	£19,163	46	3	Flat
£630K	03/24	0.28 mi	2b, Dempster Road, London, Greater London SW18 1AT	£6,774	93	3	Flat
£1.0M	11/20	0.32 mi	Flat 14, The Piper Building, Peterborough Road, London, Greater London SW6 3EF	-	-	3	Flat
£525K	03/21	0.39 mi	22, Maysoule Road, London, Greater London SW11 2BW	£5,814	90	3	Flat
£491.5K	04/21	0.41 mi	Flat 2, London Court, Frogmore, London, Greater London SW18 1HH	-	-	3	Flat
£1.1M	02/23	0.44 mi	23b, Stephendale Road, London, Greater London SW6 2LT	-	-	3	Flat
£710K	12/20	0.49 mi	58a, Stephendale Road, London, Greater London SW6 2PG	-	-	3	Flat
£900K	11/23	0.49 mi	Top Floor Flat, 34, Cologne Road, London, Greater London SW11 2AJ	£9,830	92	3	Flat
£1.0M	04/21	0.5 mi	Flat B, 60, Rosebury Road, London, Greater London SW6 2NG	-	-	3	Flat
£950K	12/23	0.5 mi	60a, Rosebury Road, London, Greater London SW6 2NG	-	-	3	Flat
£415K	05/23	0.51 mi	26, Wandsworth Common West Side, London, Greater London SW18 2EP	-	-	3	Flat
£855K	12/23	0.51 mi	55, Flat B, Cranbury Road, London, Greater London SW6 2NJ	£12,921	66	3	Flat
£790K	11/20	0.52 mi	59b, Rosebury Road, London, Greater London SW6 2NQ	-	-	3	Flat
£925K	09/23	0.53 mi	53b, Cicada Road, London, Greater London SW18 2NN	-	-	3	Flat
£850K	03/23	0.55 mi	Flat 11, Ferrymans Quay, William Morris Way, London, Greater London SW6 2UT	-	-	3	Flat
£725K	02/23	0.56 mi	43a, Cranbury Road, London, Greater London SW6 2NP	-	-	3	Flat
£635K	04/21	0.56 mi	43a, Cranbury Road, London, Greater London SW6 2NP	-	-	3	Flat
£500K	03/21	0.59 mi	110, Melody Road, London, Greater London SW18 2QG	£5,682	88	3	Flat
£815K	01/21	0.59 mi	First Floor Flat, 23, Byam Street, London, Greater London SW6 2RB	£13,814	59	3	Flat
£421.5K	09/21	0.61 mi	Flat 6, Culver Court, Borrodaile Road, London, Greater London SW18 2LD	-	-	3	Flat
£386K	08/23	0.63 mi	Flat 26, Bowyer House, Vermont Road, London, Greater London SW18 2AE	-	-	3	Flat
£413.5K	01/21	0.64 mi	Flat 28, Bowyer House, Vermont Road, London, Greater London SW18 2AE	-	-	3	Flat
£760K	09/21	0.69 mi	Upper Ground Floor Flat, 133, Studdridge Street, London, Greater London SW6 3TD	-	-	3	Flat
£445K	02/23	0.69 mi	Flat 6, Swanmore Court, Garton Place, London, Greater London SW18 2AY	-	-	3	Flat
£889K	09/23	0.69 mi	Upper Flat, 91, Putney Bridge Road, London, Greater London SW15 2PA	-	-	3	Flat
£1.9M	11/20	0.71 mi	Flat 25, Dolphin House, Lensbury Avenue, London, Greater London SW6 2GY	-	-	3	Flat
£500K	02/23	0.71 mi	43a, Tynemouth Street, London, Greater London SW6 2QS	-	-	3	Flat
£705K	10/21	0.71 mi	56a, Elbe Street, London, Greater London SW6 2QP	-	-	3	Flat
£950K	12/23	0.73 mi	Flat 17, Monarch Point, Lensbury Avenue, London, Greater London SW6 2HW	-	-	3	Flat
£920K	05/23	0.73 mi	Flat 1, Monarch Point, Lensbury Avenue, London, Greater London SW6 2HW	-	-	3	Flat
£1.0M	06/23	0.74 mi	Flat 39, Marina Point, Lensbury Avenue, London, Greater London SW6 2GX	-	-	3	Flat
£535K	01/21	0.76 mi	29a, Oakhill Road, London, Greater London SW15 2QJ	£6,605	81	3	Flat
£900K	07/23	0.77 mi	69a, St Ann's Hill, London, Greater London SW18 2SA	£9,574	94	3	Flat
£795K	02/24	0.77 mi	57, Ground Floor Flat, Oakhill Road, London, Greater London SW15 2QJ	£8,933	89	3	Flat
£610K	06/21	0.78 mi	9, Galesbury Road, London, Greater London SW18 2RL	-	-	3	Flat
£440K	07/23	0.79 mi	109, Fawcett Close, London, Greater London SW11 2LT	-	-	3	Flat
£730K	05/21	0.79 mi	4a, Daphne Street, London, Greater London SW18 2BL	£7,935	92	3	Flat
£852K	12/20	0.84 mi	Maisonette B, 14, Bovingdon Road, London, Greater London SW6 2AP	-	-	3	Flat
£1.1M	05/21	0.86 mi	55a, Wandsworth Bridge Road, London, Greater London SW6 2TB	-	-	3	Flat
£1.0M	12/20	0.86 mi	Lower Maisonette, 40, Wandsworth Bridge Road, London, Greater London SW6 2TH	-	-	3	Flat
£620K	02/23	0.87 mi	25a, Parsons Green, London, Greater London SW6 4UJ	£10,690	58	3	Flat
£770K	06/21	0.9 mi	24, Disraeli Gardens, London, Greater London SW15 2QB	£7,938	97	3	Flat
£820K	08/21	0.9 mi	37, Disraeli Gardens, London, Greater London SW15 2QB	-	-	3	Flat
£950K	01/21	0.9 mi	285a, New Kings Road, London, Greater London SW6 4RD	£9,896	96	3	Flat
£520K	05/21	0.9 mi	Flat 1, Woodlands Gate, Woodlands Way, London, Greater London SW15 2SY	-	-	3	Flat
£1.4M	01/21	0.92 mi	Basement, 25a, Elthiron Road, London, Greater London SW6 4BP	-	-	3	Flat
£560K	02/21	0.94 mi	49, Kimber Road, London, Greater London SW18 4NX	£9,825	57	3	Flat
£955K	03/21	0.94 mi	20, Barnard Road, London, Greater London SW11 1QS	£12,484	77	3	Flat

Local Rents

51 rents from £2.6K/mo to £9.1K/mo, average is £4.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,000	02/25	0 mi	-	3	Flat
£3,000	01/25	0 mi	-	3	Flat
£2,600	03/25	0.03 mi	-	3	Flat
£3,940	09/24	0.03 mi	New Acres, Wandsworth, SW18	3	Flat
£3,999	09/24	0.03 mi	Dolphin House, Smugglers Way, SW18	3	Flat
£3,999	09/24	0.05 mi	Smugglers Way, Wandsworth, London, SW18	3	Flat
£4,500	09/24	0.06 mi	Dolphin House Smugglers Way SW18	3	Flat
£4,500	09/24	0.09 mi	New Acres, Wandsworth, SW18	3	Flat
£4,400	09/24	0.09 mi	Compass House, Riverside West	3	Flat
£3,200	11/24	0.1 mi	-	3	Flat
£4,000	09/24	0.1 mi	Smugglers Way, Wandsworth	3	Flat
£5,000	09/24	0.11 mi	Smugglers Way , Riverside West	3	Flat
£3,800	09/24	0.12 mi	Spinnaker House, Battersea Reach	3	Flat
£4,333	09/24	0.12 mi	Spinnaker House, Juniper Drive, Battersea Reach, SW18	3	Flat
£4,599	11/24	0.12 mi	-	3	Flat
£4,350	09/24	0.14 mi	Pinnacle House, Battersea Reach	3	Flat
£8,667	09/24	0.14 mi	Juniper Drive, Battersea	3	Flat
£8,667	09/24	0.14 mi	Juniper Drive, Battersea	3	Flat
£9,143	09/24	0.14 mi	Juniper Drive, London, SW18.	3	Flat
£4,350	09/24	0.14 mi	Pinnacle House, Juniper Drive, SW18	3	Flat
£4,500	09/24	0.14 mi	Pinnacle House, Juniper Drive, Battersea Reach, London, SW18	3	Flat
£4,250	09/24	0.14 mi	Pinnacle House, Juniper Drive, London, SW18	3	Flat
£4,300	09/24	0.14 mi	Pinnacle House, Battersea Reach	3	Flat
£4,346	09/24	0.14 mi	Juniper Drive, Battersea	3	Flat
£4,346	09/24	0.14 mi	Juniper Drive, Battersea	3	Flat
£6,066	09/24	0.15 mi	Waterfront Drive	3	Flat
£5,200	09/24	0.15 mi	Waterfront Drive	3	Flat
£8,667	09/24	0.16 mi	Juniper Drive, London	3	Flat
£3,750	09/24	0.16 mi	The Pinnacle, Battersea Reach	3	Flat
£4,000	09/24	0.16 mi	Baltimore House, Battersea Reach	3	Flat
£3,750	09/24	0.17 mi	Alma Road, Wandsworth, SW18	3	Flat
£9,143	09/24	0.18 mi	Juniper Drive, London	3	Flat
£3,200	09/24	0.19 mi	Smugglers Way, London	3	Flat
£4,250	09/24	0.2 mi	Battersea Reach, Wandsworth, London, SW18	3	Flat
£3,198	09/24	0.2 mi	Commodore House, Juniper Drive, London, SW18	3	Flat
£4,350	09/24	0.22 mi	Battersea Reach, Battersea, London, SW18	3	Flat
£3,950	01/25	0.24 mi	-	3	Flat
£3,950	01/25	0.24 mi	-	3	Flat
£3,750	02/25	0.24 mi	-	3	Flat
£4,095	09/24	0.27 mi	Ensign House, Juniper Drive, Battersea	3	Flat
£5,633	09/24	0.27 mi	Ensign House, Battersea Reach, SW18	3	Flat
£3,900	09/24	0.27 mi	Ensign House Battersea SW18	3	Flat
£3,900	09/24	0.27 mi	Ensign House, Juniper Drive, London, SW18	3	Flat
£3,900	09/24	0.27 mi	Juniper Drive, London, SW18	3	Flat
£5,550	02/25	0.31 mi	-	3	Flat
£5,550	03/25	0.31 mi	-	3	Flat
£6,933	09/24	0.32 mi	Piper Building, Fulham, SW6	3	Flat
£3,100	09/24	0.33 mi	-	3	Flat
£2,800	02/25	0.33 mi	-	3	Flat
£6,100	09/24	0.34 mi	-	3	Flat
£3,475	11/24	0.35 mi	-	3	Flat

Local Area Statistics

Population in SW18	59,80659,806
Population in London	4,771,9214,771,921
Town centre distance	5.75 miles away5.75 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.12 miles away0.12 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £575,000

March 15, 2024

Sold for £315,000

2012

Sold for £350,000

2004

Floor Plans

Description

Spacious modern apartment +
Approx. 940 Sq Ft +
Three double bedrooms +
Two newly fitted bathrooms +
Large reception +
Kitchen with built in appliances +
Close to River +
Residents permit parking available +
No onward chain +

A beautifully refurbished three bedroom apartment, ideally located 0.2 miles from Wandsworth Town and just moments away from the river.

The property offers almost 940 Sq Ft of living space including three double bedrooms, two recently fitted bathrooms (one en suite), and a fantastic reception room with semi open plan kitchen with space for dining. The property is offered to the market with no onward chain and residents permit parking is available.

The property is enviably located within a short walk of Wandsworth Town station, providing fast and frequent cross-London connections. The Thames Clipper Service is also close-by, as well as numerous regular bus routes linking the surrounding area. Wandsworth Park is a short walk away providing a beautiful tree-lined open space as well as a local café, leisure facilities, a river walk and cycle routes.

Selling your property in Omega Building? Trying to find your perfect home to buy? Register with Chestertons Wandsworth to get the full picture from the experts in the Wandsworth, SW18 market.

Our China Desk is here for you, if Chinese is your preferred language, please get in touch via WeChat (Chestertons-NHsales)

Agent Details

Chestertons, Wandsworth

020 3869 5313

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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