2 Bed Flat, Single Let, SM5 4LN £280,000

13 Sandown Drive, Carshalton, SM5 4LN - 6 views - a year ago

Under Offer

Leasehold

BTL

ROI: 3%

~68 m²

ValuationUndervalued

Sold Prices	£110K - £400K
Sold Prices/m²	£1.9K/m² - £6.3K/m²

Square Metres	~68.11 m²
Price/m²	£4.1K/m²
Value Estimate	£336,427£336,427
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,900£11,900
Total Cash In	£81,900£81,900

Cash Out
Rent Range	£950 - £2,195£950 - £2,195
Rent Estimate	£1,450
Running Costs/mo	£1,185£1,185
Cashflow/mo	£265£265
Cashflow/yr	£3,180£3,180
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

36 sold prices from £110K to £400K, average is £317.3K. £1.9K/m² to £6.3K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£290K	07/25	0.09 mi	103, Stanley Road, Carshalton SM5 4LW	-	-	2	Flat
£330K	03/25	0.18 mi	31 Hazel Court, Flat 8, Diamond Jubilee Way, Carshalton SM5 4AS	£4,853	68	2	Flat
£330K	03/25	0.18 mi	Flat 8, 31 Hazel Court, Diamond Jubilee Way, Carshalton SM5 4AS	-	-	2	Flat
£350K	03/25	0.22 mi	59, Courtney Crescent, Carshalton SM5 4NA	£5,738	61	2	Flat
£350K	03/25	0.22 mi	59, Courtney Crescent, Carshalton SM5 4NA	-	-	2	Flat
£155K	03/25	0.23 mi	33, Courtney Crescent, Carshalton SM5 4NA	£2,870	54	2	Flat
£285K	12/24	0.56 mi	19, Flat 6, Brambledown Road, Wallington SM6 0TH	£4,385	65	2	Flat
£325K	03/23	0.62 mi	59, Freshwood Way, Wallington, Greater London SM6 0RL	£4,779	68	2	Flat
£313.5K	12/24	0.64 mi	Birdhurst Court, 13, Woodcote Road, Wallington SM6 0PG	£4,898	64	2	Flat
£300K	05/25	0.64 mi	Flat 14, 180 Caverhill House, Woodcote Road, Wallington SM6 0PE	£5,882	51	2	Flat
£300K	05/25	0.64 mi	Flat 14, 180 Caverhill House, Woodcote Road, Wallington SM6 0PE	-	-	2	Flat
£318.5K	03/25	0.64 mi	Shirley Heights, 43, Shirley Road, Wallington SM6 9QD	£4,304	74	2	Flat
£300.6K	03/25	0.66 mi	Flat A, 93, Marchmont Road, Wallington SM6 9NT	£4,174	72	2	Flat
£130K	03/25	0.7 mi	Flat 38, 15 Cavendish Court, Holmwood Gardens, Wallington SM6 0HD	£2,500	52	2	Flat
£190K	10/21	0.71 mi	Flat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	-	-	2	Flat
£335K	05/25	0.72 mi	Flat 1, Raleigh Court, Stanley Park Road, Wallington SM6 0HH	-	-	2	Flat
£335K	05/25	0.72 mi	Flat 1, Raleigh Court, Stanley Park Road, Wallington SM6 0HH	£5,317	63	2	Flat
£348K	08/23	0.75 mi	24, Marchmont Road, Wallington, Greater London SM6 9NU	£5,445	64	2	Flat
£270K	03/25	0.78 mi	Flat 5, 57 Beech House, Woodcote Road, Wallington SM6 0PW	£2,432	111	2	Flat
£400K	03/25	0.8 mi	Flat 4, 2 Steel Wheels House, Back Stage Walk, Wallington SM6 9FF	£4,494	89	2	Flat
£340K	03/23	0.81 mi	13a, Cranley Gardens, Wallington, Greater London SM6 9PR	£6,296	54	2	Flat
£370K	03/25	0.81 mi	Flat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD	£5,606	66	2	Flat
£370K	03/25	0.81 mi	Flat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD	-	-	2	Flat
£255K	07/23	0.82 mi	Flat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ	-	-	2	Flat
£230K	01/23	0.85 mi	Flat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	£3,382	68	2	Flat
£395K	01/23	0.88 mi	Ground Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE	£5,985	66	2	Flat
£350K	11/22	0.88 mi	1a, Park Hill, Carshalton, Greater London SM5 3RS	£4,268	82	2	Flat
£365K	04/25	0.91 mi	Flat 5, 70 72, Mayfield Road, Sutton SM2 5DT	£5,069	72	2	Flat
£365K	04/25	0.91 mi	Flat 5, 70 72, Mayfield Road, Sutton SM2 5DT	-	-	2	Flat
£250K	03/23	0.92 mi	155, Albion Road, Sutton, Greater London SM2 5TD	£3,623	69	2	Flat
£257K	03/25	0.92 mi	Flat 3, 2a Hinton Court, Hinton Road, Wallington SM6 9AT	£5,354	48	2	Flat
£340K	08/23	0.94 mi	56, Albion Road, Sutton, Greater London SM2 5TE	£5,763	59	2	Flat
£255K	07/25	0.94 mi	Flat 6, 4 Guildford Court, Hinton Road, Wallington SM6 9AU	-	-	2	Flat
£110K	03/25	0.95 mi	Flat 157, Canon Court, Manor Road, Wallington SM6 0AR	£1,864	59	2	Flat
£316K	03/25	0.95 mi	197, Albion Road, Sutton SM2 5TD	£4,716	67	2	Flat
£316K	03/25	0.95 mi	197, Albion Road, Sutton SM2 5TD	-	-	2	Flat

Local Rents

20 rents from £950/mo to £2.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	08/24	0.04 mi	Stanley Road, Carshalton, SM5	2	Flat
£1,500	09/24	0.08 mi	Stanley Road, CARSHALTON	2	Flat
£1,500	08/24	0.11 mi	Alexandra Gardens, Stanley Road, Carshalton, SM5	2	Flat
£1,700	08/24	0.14 mi	Forelle Way, Carshalton Beeches, Carshalton, SM5	2	Flat
£1,700	07/25	0.14 mi	Forelle Way, Carshalton, SM5	2	Flat
£1,650	10/25	0.14 mi	Forelle Way, Carshalton, SM5	2	Flat
£2,195	11/25	0.15 mi	Diamond Jubilee Way, Carshalton, SM5	2	Terraced House
£995	08/25	0.16 mi	New Colebrooke Court, Carshalton, London, SM5	2	Flat
£1,600	11/25	0.17 mi	New Colebrooke Court, Carshalton, SM5	2	Flat
£1,595	11/25	0.17 mi	-	2	Flat
£1,650	08/25	0.23 mi	Marigold Court, Fountain Drive	2	Flat
£1,900	10/25	0.3 mi	North Avenue, SM5	2	House
£950	08/25	0.31 mi	Dalmeny Road, Carshalton, Surrey, SM5	2	Flat
£1,595	09/25	0.5 mi	Stanley Park Road, Carshalton	2	Flat
£1,600	06/25	0.56 mi	Brambledown Road, Wallington, SM6	2	Flat
£1,500	01/25	0.58 mi	-	2	Flat
£975	07/25	0.6 mi	Gordon Road, Carshalton Beeches, Surrey	2	Flat
£1,600	10/25	0.61 mi	-	2	Terraced House
£1,675	09/25	0.61 mi	Spencer Court, 208 Woodcote Road, Wallington, SM6	2	Flat
£1,450	11/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in SM5	37,96237,962
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £280,000

December 4, 2024

Listed for £290,000

July 3, 2024

Floor Plans

Description

Two bedroom first floor apartment +
No Onward Chain +
Renewed lease on completion +
Two Double bedrooms +
Modern and bright interior +
Garage +
Communal gardens +
Close to transport links, local shops and good schools +

Cromwells Wallington are pleased to offer this immaculately presented two bedroom first floor flat, situated in a desirable tree lined road in 'Carshalton on the Hill'. close to shops, amenities, transport links and popular local primary and secondary schools.

This spacious flats offers excellent room sizes and features a lovely open plan reception room with dual aspect windows allowing lots of natural light into the room. There is also a modern kitchen and bathroom,two double bedrooms and good storage space in the hallway. The property includes a garage en bloc and is sold withe the benefit of a renewed lease on completion and no onward chain. A viewing is recommended to appreciate the size and space this superb property has to offer.

Accommodation - Security phone entry system, door into communal hall. Stairs to first floor. Front door into

Entrance Hall
Security phone entry system, radiator, fitted carpet, two large storage cupboards.

Bedroom One
Radiator, fitted carpets, double glazed window to front aspect

Bedroom Two
Radiator, fitted carpet, double glazed window to front aspect

Bathroom
Modern suite comprising of walk in shower cubicle with sliding door, electric shower, vanity wash handbasin with chrome mixer tap and storage below, enclosed WC, heated chrome towel rail, extractor fan, part tiled walls, tiled flooring.

Open plan Living Dining Room
Radiators, fitted carpet, double glazed window to side and rear aspect.

Kitchen
Range of fitted kitchen units and drawers, laminate worksurface, insrt stainless steel sink with chrome mixer tap, integrated oven and gas hob, extractor fan above, space for under counter, fridge, freezer, washing machine and tumble dryer, tiled splashback, tiled flooring, wall mounted boiler, double glazed window to rear aspect.

Outside

Garage en bloc
Communal gardens to rear

Agent Details

Cromwells Estate Agents, Wallington

020 8647 4422

Next Steps?

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

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