2 Bed Flat, Single Let, Wallington, SM6 8SY, £300,000

Melbourne Road, Wallington, Surrey, SM6 8SY - 3 views - 8 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£141K - £646K
Sold Prices/m²£3.4K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£332,299
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,275 - £1,900

Rent Estimate

£1,413

Running Costs/mo

£1,240

Cashflow/mo

£173

Cashflow/yr

£2,075

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £141K to £646K, average is £308.5K. £3.4K/m² to £6.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£430K09/210.09 miFlat B, 16, Belmont Road, Wallington, Greater London SM6 8TB2
£335K06/230.13 mi6, Spring Gardens, Wallington, Greater London SM6 8SW2
£255K07/230.16 miFlat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£272.5K12/200.16 miFlat 33, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£141K01/210.18 mi25, Bute Court, Wallington, Greater London SM6 8AG2
£340K06/210.18 mi45, Park Road, Wallington, Greater London SM6 8AA2
£347.5K07/230.2 mi24, Bute Gardens West, Wallington, Greater London SM6 8SR2
£345K02/210.21 mi33, Grosvenor Road, Wallington, Greater London SM6 0EN2
£287K02/210.29 mi4, Queens Close, Wallington, Greater London SM6 0AQ2
£302K04/210.29 mi6, Queens Close, Wallington, Greater London SM6 0AQ2
£300K10/210.29 mi9, Queens Close, Wallington, Greater London SM6 0AQ2
£330K03/210.32 mi65a, Park Lane, Carshalton, Greater London SM5 3EE2
£321K11/200.33 miTop Floor Flat, 33, Park Lane, Carshalton, Greater London SM5 3EE2
£395K01/230.33 miGround Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE2
£646K06/210.37 mi17, Ross Road, Wallington, Greater London SM6 8QN2
£340K03/230.4 mi13a, Cranley Gardens, Wallington, Greater London SM6 9PR2
£230K01/230.42 miFlat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£297.5K06/210.42 mi57, Lavender Road, Carshalton, Greater London SM5 3EF2
£350K02/230.42 mi18, Lavender Road, Carshalton, Greater London SM5 3EF2
£295K06/210.44 mi37, Lavender Close, Carshalton, Greater London SM5 3EH2
£295K06/210.44 mi13, Lavender Close, Carshalton, Greater London SM5 3EH2
£297.5K04/210.44 mi23, Lavender Close, Carshalton, Greater London SM5 3EH2
£190K10/210.44 miFlat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£260K02/210.45 miFlat 11, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£260K03/210.45 miFlat 18, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K04/210.45 miFlat 19, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K08/210.45 miFlat 10, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£325K01/210.52 mi13, Ruskin Road, Carshalton, Greater London SM5 3DD2
£327K11/200.52 mi13a, Ruskin Road, Carshalton, Greater London SM5 3DD2
£320K05/210.56 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£345K05/230.56 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£375K02/230.59 mi24, Beacon Grove, Carshalton, Greater London SM5 3BA2
£348K08/230.63 mi24, Marchmont Road, Wallington, Greater London SM6 9NU2
£279K10/210.69 mi16a, Butter Hill, Wallington, Greater London SM6 7JD2
£355K04/230.69 mi16, Butter Hill, Wallington, Greater London SM6 7JD2
£312K11/200.7 mi52a, Carshalton Park Road, Carshalton, Greater London SM5 3SS2
£365K03/210.71 mi17, Salisbury Road, Carshalton, Greater London SM5 3HA2
£290K10/200.71 mi9, Hanno Close, Wallington, Greater London SM6 9BZ2
£225K04/210.72 mi43, Plough Lane Close, Wallington, Greater London SM6 8JN2
£305K10/200.76 mi27, Beynon Road, Carshalton, Greater London SM5 3RW2
£300K02/210.76 mi26, Beynon Road, Carshalton, Greater London SM5 3RW2
£325K03/230.77 mi59, Freshwood Way, Wallington, Greater London SM6 0RL2
£315K12/200.8 mi17, Stanhope Road, Carshalton, Greater London SM5 4LH2
£264K04/210.8 miFlat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£252.5K09/210.8 miFlat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£274.5K10/210.8 mi61, Caraway Place, Wallington, Greater London SM6 7AG2
£276K10/200.8 mi59, Caraway Place, Wallington, Greater London SM6 7AG2
£321.3K05/210.8 miApartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT2
£335K06/210.85 mi34, North Street, Carshalton, Greater London SM5 2JD2
£350K11/220.85 mi1a, Park Hill, Carshalton, Greater London SM5 3RS2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50002/240.02 miMelbourne Road, Wallington, Surrey, SM62
£1,50009/240.03 miCanon Court, 91 Manor Road, Wallington, SM62
£1,45008/240.04 mi91 Manor Road, Wallington2
£1,65009/240.04 miManor Road Wallington SM62
£1,85001/250.09 mi-2
£1,60004/250.09 mi-2
£1,50009/240.1 miBelmont Road, WALLINGTON2
£1,47508/240.1 miGrosvenor Road, WALLINGTON2
£1,60009/240.15 miBeddington Gardens, Wallington, SM62
£1,65010/240.17 mi-2
£1,50008/240.17 miCavalier Close Wallington SM62
£1,50009/240.18 miWoodcote Road, Wallington, SM62
£1,40008/240.18 miBute Court, Bute Road, Wallington, SM62
£1,75009/240.19 miCavalier Close, Wallington, SM62
£1,40004/250.2 mi-2
£1,45008/240.21 miClarendon Road, WALLINGTON2
£1,35008/240.21 miRosemount Clarendon Road Wallington SM6 8RW2
£1,60009/240.21 mi-2
£1,45010/240.23 mi-2
£1,80008/240.23 mi-2
£1,80008/240.23 mi-2
£1,60009/240.23 miMaldon Road, Wallington2
£1,27509/240.27 miMaldon Road Wallington SM62
£1,55008/240.27 miMaldon Road, Wallington, SM62
£1,60008/240.27 miMaldon Road, Wallington, SM62
£1,60008/240.27 mi-2
£1,60008/240.27 mi-2
£1,55003/250.27 mi-2
£1,90009/240.28 miStafford Road, Wallington, SM62
£1,90010/240.28 mi-2
£1,60009/240.28 mi-2
£1,50009/240.29 mi17 Parkgate Road, Wallington, SM62
£1,75008/240.29 miStafford Road, Wallington, Surrey, SM62
£1,60011/240.3 mi-2
£1,60009/240.3 miHolmwood Gardens, Wallington, SM62
£1,65009/240.31 mi-2
£1,55002/240.31 mi-2
£1,50008/240.32 miParkgate Road, Wallington, SM62
£1,80009/240.32 miStanley Park Road2
£1,75012/240.33 mi-2
£1,65009/240.33 mi-2
£1,65009/240.33 miJasmine Court, Wallington, SM62
£1,75008/240.34 mi-2
£1,55008/240.34 mi-2
£1,70003/250.36 mi-2
£1,50008/240.36 miStanley Park Road, Wallington, SM62
£1,47508/240.37 miWoodcote Road, Wallington, SM62
£1,85002/240.37 mi-2
£1,60010/240.37 mi-2
£1,45008/240.38 miStafford Road, WALLINGTON2
£1,50009/240.38 miStafford Road, WALLINGTON2
£1,60002/240.41 mi-2

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £300,000

August 15, 2024

Floor Plans

Description

  • Bright and spacious second floor apartment +
  • Situated in the heart of Wallington +
  • Perfect for first-time buyers or investors +
  • Great opportunity to put your own stamp on a home +
  • Only a short distance from transport links and shops +
  • Ample storage throughout +
  • Close to great local schools +

We are pleased to present this spacious second floor apartment situated in the heart of Wallington. With everything you could need on your doorstep, the location is highly desirable. A fantastic opportunity to put your own stamp on a home, this is not to be missed! With a generous living space, adequate storage and a convenient location, viewings are highly recommended.

Room sizes:

  • Entrance Hall
  • Living Room: 17'9 x 10'7 (5.41m x 3.23m)
  • Kitchen: 11'1 x 7'7 (3.38m x 2.31m)
  • Bedroom 1: 16'1 x 8'10 (4.91m x 2.69m)
  • Bedroom 2: 14'1 x 6'11 (4.30m x 2.11m)
  • Bathroom  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Wallington

020 3870 4541

Next Steps?

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