3 Bed Flat, Single Let, London, SW18 2AE, £400,000

Vermont Road, London, SW18 2AE - 4 views - 10 months ago

Leasehold

BTL

ROI: 8%

~76 m²

+2 photos

ValuationUndervalued

Sold Prices	£386K - £2.0M
Sold Prices/m²	£4.9K/m² - £19.2K/m²

Square Metres	~76.18 m²
Price/m²	£5.3K/m²
Value Estimate	£484,000£484,000
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£2,300 - £10,500£2,300 - £10,500
Rent Estimate	£2,575
Running Costs/mo	£1,785£1,785
Cashflow/mo	£790£790
Cashflow/yr	£9,480£9,480
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £386K to £2.0M, average is £633.8K. £4.9K/m² to £19.2K/m², average is £8.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£386K	08/23	0 mi	Flat 26, Bowyer House, Vermont Road, London, Greater London SW18 2AE	-	-	3	Flat
£413.5K	01/21	0.01 mi	Flat 28, Bowyer House, Vermont Road, London, Greater London SW18 2AE	-	-	3	Flat
£421.5K	09/21	0.03 mi	Flat 6, Culver Court, Borrodaile Road, London, Greater London SW18 2LD	-	-	3	Flat
£445K	02/23	0.11 mi	Flat 6, Swanmore Court, Garton Place, London, Greater London SW18 2AY	-	-	3	Flat
£730K	05/21	0.19 mi	4a, Daphne Street, London, Greater London SW18 2BL	£7,935	92	3	Flat
£900K	07/23	0.21 mi	69a, St Ann's Hill, London, Greater London SW18 2SA	£9,574	94	3	Flat
£610K	06/21	0.27 mi	9, Galesbury Road, London, Greater London SW18 2RL	-	-	3	Flat
£500K	03/21	0.3 mi	110, Melody Road, London, Greater London SW18 2QG	£5,682	88	3	Flat
£560K	02/21	0.31 mi	49, Kimber Road, London, Greater London SW18 4NX	£9,825	57	3	Flat
£680K	10/23	0.37 mi	32, Lydden Grove, London, Greater London SW18 4LL	£9,315	73	3	Flat
£925K	09/23	0.38 mi	53b, Cicada Road, London, Greater London SW18 2NN	-	-	3	Flat
£632.5K	02/21	0.39 mi	30a, Lydden Grove, London, Greater London SW18 4LL	£6,589	96	3	Flat
£415K	05/23	0.43 mi	26, Wandsworth Common West Side, London, Greater London SW18 2EP	-	-	3	Flat
£881.5K	08/21	0.45 mi	Ground Floor Flat, 49, Dempster Road, London, Greater London SW18 1AS	£19,163	46	3	Flat
£630K	03/24	0.46 mi	2b, Dempster Road, London, Greater London SW18 1AT	£6,774	93	3	Flat
£680K	06/23	0.46 mi	146a, Earlsfield Road, London, Greater London SW18 3DT	-	-	3	Flat
£491.5K	04/21	0.49 mi	Flat 2, London Court, Frogmore, London, Greater London SW18 1HH	-	-	3	Flat
£635K	01/21	0.53 mi	5, Atheldene Road, London, Greater London SW18 3BN	-	-	3	Flat
£480K	04/21	0.56 mi	41, Heathfield Square, London, Greater London SW18 3HZ	£6,000	80	3	Flat
£730K	07/23	0.62 mi	65, Smeaton Road, London, Greater London SW18 5JJ	£7,019	104	3	Flat
£930K	04/23	0.66 mi	Flat 442, Anchor House, Smugglers Way, London, Greater London SW18 1EX	-	-	3	Flat
£510K	12/21	0.66 mi	13, Heathfield Square, London, Greater London SW18 3HY	£8,226	62	3	Flat
£570K	06/23	0.66 mi	42a, Algarve Road, London, Greater London SW18 3EG	£9,074	63	3	Flat
£1.0M	04/23	0.67 mi	Flat 332, Bluewater House, Smugglers Way, London, Greater London SW18 1ED	-	-	3	Flat
£520K	11/21	0.68 mi	7, Algarve Road, London, Greater London SW18 3EQ	£11,304	46	3	Flat
£675K	09/21	0.7 mi	29a, Duntshill Road, London, Greater London SW18 4QN	£12,981	52	3	Flat
£461K	02/21	0.72 mi	Flat 5, Heathfield Court, Heathfield Road, London, Greater London SW18 3HU	-	-	3	Flat
£675K	04/21	0.73 mi	9, Brightman Road, London, Greater London SW18 3HQ	£8,544	79	3	Flat
£801K	03/23	0.77 mi	7a, Trentham Street, London, Greater London SW18 5AS	-	-	3	Flat
£680K	03/23	0.78 mi	134a, Penwith Road, Earlsfield, London, Greater London SW18 4QB	£11,162	61	3	Flat
£535K	01/21	0.78 mi	29a, Oakhill Road, London, Greater London SW15 2QJ	£6,605	81	3	Flat
£795K	02/24	0.79 mi	57, Ground Floor Flat, Oakhill Road, London, Greater London SW15 2QJ	£8,933	89	3	Flat
£624.8K	01/24	0.8 mi	95a, Replingham Road, London, Greater London SW18 5LU	£6,508	96	3	Flat
£560K	05/21	0.81 mi	2, Tilehurst Road, London, Greater London SW18 3ET	-	-	3	Flat
£538K	12/20	0.81 mi	80, Tilehurst Road, London, Greater London SW18 3ET	£7,797	69	3	Flat
£620K	09/21	0.81 mi	78, Tilehurst Road, London, Greater London SW18 3ET	£8,611	72	3	Flat
£889K	09/23	0.82 mi	Upper Flat, 91, Putney Bridge Road, London, Greater London SW15 2PA	-	-	3	Flat
£525K	03/21	0.82 mi	22, Maysoule Road, London, Greater London SW11 2BW	£5,814	90	3	Flat
£900K	11/23	0.83 mi	Top Floor Flat, 34, Cologne Road, London, Greater London SW11 2AJ	£9,830	92	3	Flat
£765K	09/23	0.84 mi	71a, Penwith Road, Earlsfield, London, Greater London SW18 4PX	£7,969	96	3	Flat
£715K	11/21	0.84 mi	22a, Swaby Road, London, Greater London SW18 3RA	-	-	3	Flat
£660K	07/23	0.84 mi	Ground Floor Flat, 133, Lavenham Road, London, Greater London SW18 5EP	£13,750	48	3	Flat
£640K	12/20	0.84 mi	64, Penwith Road, London, Greater London SW18 4QD	£9,275	69	3	Flat
£1.0M	11/20	0.88 mi	Flat 14, The Piper Building, Peterborough Road, London, Greater London SW6 3EF	-	-	3	Flat
£2.0M	07/23	0.91 mi	Flat F105, Gilbert Scott Building, Scott Avenue, London, Greater London SW15 3SG	-	-	3	Flat
£520K	05/21	0.93 mi	Flat 1, Woodlands Gate, Woodlands Way, London, Greater London SW15 2SY	-	-	3	Flat
£410K	02/23	0.95 mi	18, Arnal Crescent, London, Greater London SW18 5PX	£4,881	84	3	Flat
£770K	06/21	0.96 mi	24, Disraeli Gardens, London, Greater London SW15 2QB	£7,938	97	3	Flat
£820K	08/21	0.96 mi	37, Disraeli Gardens, London, Greater London SW15 2QB	-	-	3	Flat
£515K	02/23	0.97 mi	First Floor Flat, 436a, Garratt Lane, London, Greater London SW18 4HN	-	-	3	Flat

Local Rents

51 rents from £2.3K/mo to £10.5K/mo, average is £3.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,500	03/25	0.03 mi	-	3	Flat
£2,350	03/25	0.03 mi	-	3	Flat
£2,395	11/24	0.08 mi	-	3	Flat
£2,400	09/24	0.14 mi	Allfarthing Lane, Wandsworth	3	Flat
£3,500	01/25	0.18 mi	-	3	Flat
£3,000	09/24	0.19 mi	The Retreat, Earlsfield, SW18	3	Flat
£2,800	02/25	0.22 mi	-	3	Flat
£2,700	10/24	0.28 mi	-	3	Terraced House
£2,800	02/24	0.3 mi	-	3	Flat
£3,000	03/25	0.3 mi	-	3	Flat
£3,000	09/24	0.3 mi	-	3	Flat
£3,000	09/24	0.3 mi	Geraldine Road, London	3	Flat
£3,680	10/24	0.31 mi	-	3	Flat
£4,950	09/24	0.32 mi	-	3	Flat
£4,950	09/24	0.32 mi	Copperlight Apartments, London, SW18	3	Flat
£3,600	09/24	0.32 mi	Dray House, Ram Quarter, Wandsworth, SW18	3	Flat
£5,000	09/24	0.32 mi	Buckhold Road, Wandsworth Park, SW18	3	Flat
£3,000	09/24	0.33 mi	Kimber Road London SW18	3	Flat
£2,900	09/24	0.33 mi	Melody Road, SW18	3	Flat
£3,475	11/24	0.35 mi	-	3	Flat
£3,500	09/24	0.35 mi	Gowing House, Ram Quarter, Drapers Yard, SW18	3	Flat
£10,500	09/24	0.37 mi	Hardwicks Square, LONDON	3	Flat
£2,500	02/25	0.38 mi	-	3	Flat
£3,000	09/24	0.39 mi	Avening Road, Earlsfield, SW18	3	Terraced House
£3,250	09/24	0.39 mi	Merton Road, Wandsworth, SW18	3	Detached House
£3,250	09/24	0.39 mi	Merton Road Wandsworth SW18	3	Flat
£2,450	03/25	0.39 mi	-	3	Flat
£2,450	03/25	0.39 mi	-	3	Flat
£3,250	09/24	0.4 mi	Merton Road, Putney, London, SW18	3	Detached House
£3,250	09/24	0.4 mi	Merton Road, London, SW18	3	Terraced House
£3,950	01/25	0.4 mi	-	3	Flat
£3,950	01/25	0.4 mi	-	3	Flat
£3,750	02/25	0.4 mi	-	3	Flat
£3,400	12/24	0.41 mi	-	3	Flat
£3,792	09/24	0.41 mi	Heathfield Road, Heathfield Road	3	Flat
£3,100	09/24	0.44 mi	-	3	Flat
£2,800	02/25	0.44 mi	-	3	Flat
£2,700	12/24	0.44 mi	-	3	Flat
£3,100	02/24	0.45 mi	-	3	Flat
£2,950	09/24	0.45 mi	-	3	Flat
£3,750	09/24	0.48 mi	Alma Road, Wandsworth, SW18	3	Flat
£3,500	03/25	0.49 mi	-	3	Terraced House
£3,200	09/24	0.49 mi	Smugglers Way, London	3	Flat
£3,450	09/24	0.49 mi	West Hill Road, Wandsworth, London, SW18	3	Detached House
£2,950	09/24	0.52 mi	-	3	Flat
£2,300	09/24	0.52 mi	Atheldene Road, Earlsfield	3	Flat
£2,850	09/24	0.54 mi	Ericcson Close, London, SW18	3	Flat
£2,850	09/24	0.54 mi	-	3	Flat
£3,450	03/25	0.54 mi	-	3	Flat
£3,000	09/24	0.58 mi	Ringford Road, London, SW18	3	Flat
£4,500	09/24	0.59 mi	New Acres, Wandsworth, SW18	3	Flat

Local Area Statistics

Population in SW18	59,80659,806
Population in London	4,771,9214,771,921
Town centre distance	6.30 miles away6.30 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.51 miles away0.51 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 £400,000

May 20, 2024

Floor Plans

Description

Three Bedrooms +
Private Balcony +
Excellent Location +
Close to King George's Park +
Ideal Investment Opportunity +

SUMMARY
A delightful three bedroom apartment set close to Wandsworth Town with lift access and private balcony.

DESCRIPTION
A delightful three bedroom apartment set close to Wandsworth Town with lift access and private balcony.

The property comprises of entrance hallway, living room and kitchen with breakfast bar, two double bedrooms, one single bedroom and bathroom with separate WC. The property also benefits from great storage space.

The property is well finished and is ideal for any investor or first time buyer looking to get on the property ladder. Offered with no onward chain.

The property is located close to transport links and Southside Shopping centre as well as King George's Park.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Earlsfield

020 3870 5612

Next Steps?

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

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