2 Bed Terraced House, Single Let, Wallington, SM6 0AR, £235,000

Manor Road, Wallington, SM6 0AR - 4 views - a year ago

Leasehold
BTL
ROI: 7%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£340K - £700K
Sold Prices/m²£4.1K/m² - £8.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£282,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£1,275 - £1,900

Rent Estimate

£1,413

Running Costs/mo

£1,037

Cashflow/mo

£376

Cashflow/yr

£4,512

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £340K to £700K, average is £415.3K. £4.1K/m² to £8.4K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£416K08/230.12 mi52, Belmont Road, Wallington, Greater London SM6 8TB2
£400K12/200.15 mi34, Melbourne Road, Wallington, Greater London SM6 8SL2
£422K01/210.15 mi48, Clifton Road, Wallington, Greater London SM6 8AN2
£410K05/210.15 mi38, Clifton Road, Wallington, Greater London SM6 8AN2
£400K03/210.24 mi24, St Christophers Mews, Wallington, Greater London SM6 8AP2
£402K03/210.28 mi36, Lodge Road, Wallington, Greater London SM6 0UA2
£475K02/230.29 mi28, Lodge Road, Wallington, Greater London SM6 0UA2
£425K11/210.32 mi26, Mint Road, Wallington, Greater London SM6 0TY2
£400K01/210.32 mi29, Mint Road, Wallington, Greater London SM6 0TY2
£447K08/230.32 mi6, Mint Road, Wallington, Greater London SM6 0TY2
£340K02/230.32 mi30, Mint Road, Wallington, Greater London SM6 0TY2
£415K11/200.34 mi36, Bernard Road, Wallington, Greater London SM6 0TU2
£415.5K03/210.34 mi20, Bernard Road, Wallington, Greater London SM6 0TU2
£405K12/220.35 mi9, Bernard Road, Wallington, Greater London SM6 0TX2
£405K01/210.35 mi23, Francis Road, Wallington, Greater London SM6 9AS2
£450K04/230.35 mi23, Bernard Road, Wallington, Greater London SM6 0TX2
£420K07/230.36 mi30, Hinton Road, Wallington, Greater London SM6 9AU2
£395K03/210.39 mi27, Carew Road, Wallington, Greater London SM6 8QQ2
£495K07/230.4 mi10, Lavender Road, Carshalton, Greater London SM5 3EF2
£390K01/210.43 mi9, Eastway, Wallington, Greater London SM6 8DE2
£510K03/230.43 mi9, Eastway, Wallington, Greater London SM6 8DE2
£460K12/220.47 mi16, Tharp Road, Wallington, Greater London SM6 8LE2
£700K06/220.48 mi1, Heathdene Road, Wallington, Greater London SM6 0TD2
£517.5K12/210.51 mi79, Tharp Road, Wallington, Greater London SM6 8LG2
£365.5K12/200.51 mi73, Tharp Road, Wallington, Greater London SM6 8LG2
£400.5K04/210.51 mi85, Tharp Road, Wallington, Greater London SM6 8LG2
£416K06/210.51 mi89, Tharp Road, Wallington, Greater London SM6 8LG2
£426K04/230.51 mi69, Tharp Road, Wallington, Greater London SM6 8LG2
£456K11/220.52 mi73, Tharp Road, Wallington, Greater London SM6 8LG2
£420K01/210.54 mi5, Scawen Close, Carshalton, Greater London SM5 2TZ2
£370K10/200.54 mi1, Westcroft Road, Wallington, Greater London SM6 7HY2
£409.3K11/210.54 mi13, Westcroft Road, Wallington, Greater London SM6 7HY2
£380K12/200.54 mi3, Westcroft Road, Wallington, Greater London SM6 7HY2
£412.5K08/210.56 mi56, Beddington Grove, Wallington, Greater London SM6 8LD2
£435.3K06/210.56 mi74, Beddington Grove, Wallington, Greater London SM6 8LD2
£415K02/210.56 mi48, Beddington Grove, Wallington, Greater London SM6 8LD2
£446K09/230.56 mi80, Beddington Grove, Wallington, Greater London SM6 8LD2
£420K11/200.57 miAvonlea, Rectory Lane, Wallington, Greater London SM6 8DX2
£360K03/230.58 mi9b, Link Lane, Wallington, Greater London SM6 9EA2
£427.5K12/210.6 mi13, Beddington Grove, Wallington, Greater London SM6 8LB2
£415.5K11/200.6 mi47, Beddington Grove, Wallington, Greater London SM6 8LB2
£365K01/210.69 mi20, Vellum Drive, Carshalton, Greater London SM5 2TL2
£395K03/230.7 mi7, Upper Road, Wallington, Greater London SM6 8JY2
£400K01/210.7 mi65, Upper Road, Wallington, Greater London SM6 8JY2
£400K06/210.7 mi49, Upper Road, Wallington, Greater London SM6 8JY2
£380K05/210.7 mi7, Upper Road, Wallington, Greater London SM6 8JY2
£441K06/210.74 mi56, Queenswood Avenue, Wallington, Greater London SM6 8HS2
£382.5K01/210.75 mi14, North Avenue, Carshalton, Greater London SM5 4LQ2
£585K08/220.75 mi4, Wandleside, Wallington, Greater London SM6 7DR2
£465K12/200.75 mi47, Queenswood Avenue, Wallington, Greater London SM6 8HR2

Local Rents

52 rents from £1.3K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45008/240.01 mi91 Manor Road, Wallington2
£1,65009/240.01 miManor Road Wallington SM62
£1,50009/240.01 miCanon Court, 91 Manor Road, Wallington, SM62
£1,50002/240.04 miMelbourne Road, Wallington, Surrey, SM62
£1,47508/240.07 miGrosvenor Road, WALLINGTON2
£1,85001/250.09 mi-2
£1,60004/250.12 mi-2
£1,50009/240.13 miBelmont Road, WALLINGTON2
£1,60009/240.13 miBeddington Gardens, Wallington, SM62
£1,50009/240.17 miWoodcote Road, Wallington, SM62
£1,65010/240.17 mi-2
£1,50008/240.18 miCavalier Close Wallington SM62
£1,40004/250.18 mi-2
£1,75009/240.19 miCavalier Close, Wallington, SM62
£1,40008/240.21 miBute Court, Bute Road, Wallington, SM62
£1,45008/240.21 miClarendon Road, WALLINGTON2
£1,35008/240.21 miRosemount Clarendon Road Wallington SM6 8RW2
£1,60009/240.21 mi-2
£1,80008/240.22 mi-2
£1,80008/240.22 mi-2
£1,45010/240.23 mi-2
£1,60009/240.24 miMaldon Road, Wallington2
£1,50009/240.27 mi17 Parkgate Road, Wallington, SM62
£1,60011/240.27 mi-2
£1,60009/240.27 miHolmwood Gardens, Wallington, SM62
£1,27509/240.28 miMaldon Road Wallington SM62
£1,60008/240.28 mi-2
£1,60008/240.28 mi-2
£1,55003/250.28 mi-2
£1,60008/240.28 miMaldon Road, Wallington, SM62
£1,55008/240.28 miMaldon Road, Wallington, SM62
£1,55002/240.29 mi-2
£1,50008/240.29 miParkgate Road, Wallington, SM62
£1,90009/240.3 miStafford Road, Wallington, SM62
£1,90010/240.3 mi-2
£1,60009/240.31 mi-2
£1,80009/240.31 miStanley Park Road2
£1,75008/240.32 miStafford Road, Wallington, Surrey, SM62
£1,65009/240.33 miJasmine Court, Wallington, SM62
£1,65009/240.33 mi-2
£1,55008/240.34 mi-2
£1,75012/240.34 mi-2
£1,65009/240.34 mi-2
£1,50008/240.35 miStanley Park Road, Wallington, SM62
£1,75008/240.35 mi-2
£1,60010/240.36 mi-2
£1,85002/240.36 mi-2
£1,47508/240.36 miWoodcote Road, Wallington, SM62
£1,70003/250.39 mi-2
£1,45008/240.42 miStafford Road, WALLINGTON2
£1,50009/240.42 miStafford Road, WALLINGTON2
£1,60002/240.44 mi-2

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £235,000

April 13, 2024

Floor Plans

Description

  • Doorstep of Wallington Station +
  • Two Double Bedrooms +
  • Open Plan Kitchen/Living Room +
  • Communal Roof Terrace Garden +
  • No Onward Chain +
  • Nibe Air Source Heating System +
  • Leasehold 112 years +
  • Council Tax Band: C +
  • EPC Rating: B +

This spacious apartment is located on the 6th floor of a modern development in the heart of Wallington, across the road from Wallington train station, and within easy reach of the many shops, restaurants and amenities found around the high street. The bright, contemporary accommodation consists of an open plan kitchen, dining and living room, two double bedrooms, the main with fitted wardrobes, and a part tiled bathroom. Additional features include security entry system, lift and stairs to all floors, and a communal roof terrace garden with panoramic views. The property also benefits from an economical Nibe air source heating system. Leasehold 112 years, Service Charge: £3,631pa

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows;

GCB230122/2

Agent Details

Goodfellows, Carshalton Beeches

020 3907 3511

Next Steps?

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