2 Bed Flat, Single Let, London, SW3 3LD, £850,000

44 Ranelagh House, 3-5 Elystan Place SW3 3LD - a year ago

Leasehold

BTL

~85 m²

ValuationUndervalued

Sold Prices	£230K - £4.6M
Sold Prices/m²	£8.4K/m² - £31.2K/m²

Square Metres	~85 m²
Price/m²	£10K/m²
Value Estimate	£1,028,500£1,028,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£212,500£212,500
Stamp Duty & Legal Fees	£56,700£56,700
Total Cash In	£269,200£269,200

Cash Out
Rent Range	£2,384 - £10,833£2,384 - £10,833
Rent Estimate	£3,213
Running Costs/mo	£3,319£3,319
Cashflow/mo	£-106£-106
Cashflow/yr	£-1,270£-1,270
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £230K to £4.6M, average is £1.3M. £8.4K/m² to £31.2K/m², average is £16.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.4M	05/21	0.06 mi	Flat 206, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HG	-	-	2	Flat
£1.7M	06/23	0.06 mi	Flat 53, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HW	-	-	2	Flat
£1.7M	08/23	0.06 mi	Flat 164, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HF	-	-	2	Flat
£1.5M	07/23	0.06 mi	Flat 237, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HD	-	-	2	Flat
£1.2M	03/23	0.08 mi	Flat 77, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HH	-	-	2	Flat
£1.3M	03/21	0.09 mi	Flat 1, Astell House, Astell Street, London, Greater London SW3 3RX	-	-	2	Flat
£1.5M	09/23	0.11 mi	Flat B, 2, Anderson Street, London, Greater London SW3 3LU	-	-	2	Flat
£1.8M	10/20	0.12 mi	15, Anderson Street, London, Greater London SW3 3NH	-	-	2	Flat
£592K	04/21	0.14 mi	21, Wiltshire Close, London, Greater London SW3 2NS	£11,608	51	2	Flat
£1.3M	06/21	0.18 mi	Flat 90, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£2.2M	01/23	0.18 mi	Flat 87, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£1.4M	05/23	0.19 mi	First And Second Floor Flat, 20, Walpole Street, London, Greater London SW3 4QP	-	-	2	Flat
£950K	05/21	0.19 mi	Flat 22, Britten House, Britten Street, London, Greater London SW3 3UB	-	-	2	Flat
£2.2M	02/21	0.2 mi	Flat 19, Culford Mansions, Culford Gardens, London, Greater London SW3 2SS	-	-	2	Flat
£800K	02/24	0.24 mi	65, Radnor Walk, London, Greater London SW3 4BT	£8,421	95	2	Flat
£665K	04/23	0.24 mi	Flat 45, Pond House, Pond Place, London, Greater London SW3 6QS	-	-	2	Flat
£1.2M	06/21	0.25 mi	Flat 29, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.4M	09/21	0.25 mi	Flat 21, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.2M	09/21	0.26 mi	Flat 54, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	05/21	0.26 mi	Flat 113, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£915K	12/21	0.26 mi	Flat 67, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RX	-	-	2	Flat
£500K	03/23	0.26 mi	Flat 91, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£1.3M	06/23	0.26 mi	Flat 96, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RU	-	-	2	Flat
£850K	12/23	0.26 mi	Flat 4, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	01/21	0.27 mi	First Floor Flat, 43, Tedworth Square, London, Greater London SW3 4DW	-	-	2	Flat
£605K	03/21	0.28 mi	14, Richards Place, London, Greater London SW3 2LA	£16,806	36	2	Flat
£1.8M	04/21	0.3 mi	7a, Sydney Place, London, Greater London SW7 3NL	-	-	2	Flat
£1.7M	08/23	0.3 mi	Upper Maisonette, 25, Redesdale Street, London, Greater London SW3 4BL	£17,784	97	2	Flat
£1.1M	06/23	0.31 mi	Flat 8, York House, Turks Row, London, Greater London SW3 4TH	-	-	2	Flat
£1.1M	09/23	0.32 mi	93a, Flood Street, London, Greater London SW3 5TB	£16,462	65	2	Flat
£1.2M	07/23	0.33 mi	Flat B, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£1.2M	07/23	0.33 mi	Flat B, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£3.8M	01/23	0.33 mi	Flat D, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£2.0M	01/21	0.36 mi	105, Flood Street, London, Greater London SW3 5TD	-	-	2	Flat
£2.9M	12/20	0.37 mi	Flat 4, Walton House, Walton Street, London, Greater London SW3 2JH	-	-	2	Flat
£1.4M	11/20	0.38 mi	Garden Maisonette, 105, Oakley Street, London, Greater London SW3 5NR	-	-	2	Flat
£890K	06/21	0.38 mi	Flat 42, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£1.1M	09/21	0.38 mi	Flat 38, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£620K	03/21	0.38 mi	Flat 67, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	-	-	2	Flat
£620K	06/21	0.38 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	06/21	0.38 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£656K	05/21	0.39 mi	Flat 5, Wedderburn House, Lower Sloane Street, London, Greater London SW1W 8BZ	-	-	2	Flat
£1.6M	12/20	0.4 mi	34a, Tite Street, London, Greater London SW3 4JA	£22,222	72	2	Flat
£1.6M	01/23	0.41 mi	Flat 2, Rossetti Garden Mansions, Flood Street, London, Greater London SW3 5QY	-	-	2	Flat
£875K	06/23	0.44 mi	Ground Floor Flat, 18, Bramerton Street, London, Greater London SW3 5JX	£16,264	54	2	Flat
£1.1M	02/21	0.52 mi	Flat 9, Venner House, Bourne Street, London, Greater London SW1W 8UR	-	-	2	Flat
£4.6M	05/23	0.53 mi	5, Elm Place, London, Greater London SW7 3QH	£31,190	147	2	Flat
£4.3M	04/23	0.54 mi	Basement And Ground Floor Premises, 100, Eaton Place, London, Greater London SW1X 8LW	-	-	2	Flat
£1.0M	10/23	0.55 mi	Flat 2, Kings Mansions, Lawrence Street, London, Greater London SW3 5ND	-	-	2	Flat
£1.5M	06/23	0.61 mi	28a, Ennismore Gardens, London, Greater London SW7 1AD	£11,628	129	2	Flat
£230K	07/21	0.62 mi	34i, Cranley Gardens, London, Greater London SW7 3DD	-	-	2	Flat

Local Rents

50 rents from £2.4K/mo to £10.8K/mo, average is £4.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,312	09/24	0.02 mi	The Gateways, Sprimont Place, SW3	2	Flat
£3,250	09/24	0.03 mi	Elystan Street, Chelsea	2	Flat
£3,250	09/24	0.07 mi	Whiteheads Grove, Chelsea, London, SW3	2	Flat
£4,117	09/24	0.07 mi	Bywater Street, Chelsea, London, SW3	2	Flat
£4,312	09/24	0.07 mi	Elystan Place, London, SW3	2	Flat
£3,467	09/24	0.07 mi	Whiteheads Grove, Chelsea, London, SW3	2	Flat
£7,800	09/24	0.08 mi	Sloane Avenue, London, SW3	2	Flat
£2,595	02/25	0.11 mi	-	2	Flat
£5,499	09/24	0.11 mi	Anderson Street, Chelsea, London, SW3	2	Flat
£6,673	09/24	0.12 mi	Pelham Court Mid Term Let SW3	2	Flat
£4,000	09/24	0.12 mi	Kings Road, Chelsea	2	Flat
£3,250	09/24	0.12 mi	Kings Road, Chelsea	2	Flat
£4,400	03/25	0.14 mi	-	2	Flat
£6,890	09/24	0.14 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.14 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.14 mi	-	2	Flat
£6,890	09/24	0.14 mi	Kings Road, Chelsea, SW3	2	Flat
£3,792	09/24	0.14 mi	Kings Road, Chelsea, SW3	2	Flat
£6,890	09/24	0.15 mi	Kings Road, Chelsea, SW3	2	Flat
£5,499	09/24	0.15 mi	Britten Street, Chelsea, London, SW3	2	Flat
£6,890	09/24	0.16 mi	Kings road, Chelsea, London, SW3	2	Flat
£3,300	10/24	0.16 mi	-	2	Flat
£5,850	09/24	0.16 mi	-	2	Flat
£3,033	10/24	0.16 mi	-	2	Flat
£3,100	02/24	0.16 mi	-	2	Flat
£3,493	09/24	0.16 mi	Chelsea Cloisters, Sloane Avenue, London, SW3	2	Flat
£6,890	09/24	0.17 mi	Kings Road, London, SW3	2	Flat
£4,767	09/24	0.17 mi	Fulham Road, London, SW3	2	Flat
£5,000	03/25	0.17 mi	-	2	Flat
£3,497	09/24	0.17 mi	Draycott Place, Chelsea	2	Flat
£5,000	03/25	0.18 mi	-	2	Flat
£7,995	09/24	0.19 mi	Walpole Street, SW3	2	Flat
£5,750	02/24	0.2 mi	-	2	Flat
£4,550	09/24	0.2 mi	Fulham Road, London, UK, SW3	2	Flat
£4,983	09/24	0.2 mi	Draycott Place, London, SW3	2	Flat
£5,612	09/24	0.21 mi	Draycott Place, Chelsea, SW3	2	Flat
£2,384	09/24	0.21 mi	Chelsea Manor Street, Chelsea, London, SW3	2	Flat
£4,000	11/24	0.21 mi	-	2	Flat
£4,767	09/24	0.21 mi	Pelham Court, SW3	2	Flat
£4,550	09/24	0.21 mi	Pelham Court, SW3	2	Flat
£3,900	09/24	0.21 mi	Fulham Road, SW3	2	Flat
£4,550	09/24	0.21 mi	Fulham Road, SW3	2	Flat
£4,442	09/24	0.21 mi	Pelham Court, SW3	2	Flat
£4,767	09/24	0.21 mi	Pelham Court, SW3	2	Flat
£5,850	09/24	0.21 mi	Fulham Road, SW3	2	Flat
£3,750	03/25	0.21 mi	-	2	Flat
£4,008	09/24	0.21 mi	Draycott Place, Chelsea, London, SW3	2	Flat
£10,833	09/24	0.22 mi	Radnor Walk, Chelsea, SW3	2	Flat
£3,350	09/24	0.22 mi	Draycott Avenue, London, SW3	2	Flat
£4,983	09/24	0.22 mi	Kings Road, London, SW3	2	Flat

Local Area Statistics

Population in SW3	22,08622,086
Population in London	4,771,9214,771,921
Town centre distance	3.63 miles away3.63 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.39 miles away0.39 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 £850,000

March 20, 2024

Floor Plans

Description

Portered Block +
Just Off Kings Road +
2 bedrooms +
Balcony +
En-Suite Bathrooms +
Prime Location +

Notice Of Offer.

44 Ranelagh House, 3-5 Elystan Place SW3 3LD

We advise that an offer has been made for the above property in the sum of £875,000. Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.

Agents Address: 45 Pont Street, Knightsbridge, SW1X 0BD

Agents Telephone Number:

Agent Details

Chatterton Rees, London

020 3870 9597

Next Steps?

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

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