2 Bed Flat, Single Let, London, SW18 1EX, £492,500

Riverside West, Smugglers Way, SW18 1EX - 8 months ago

Leasehold

BTL

ROI: 2%

~62 m²

+10 photos

ValuationFair Value

Sold Prices	£306K - £875K
Sold Prices/m²	£5.7K/m² - £12.8K/m²

Square Metres	~62 m²
Price/m²	£7.9K/m²
Value Estimate	£491,169£491,169

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£123,125£123,125
Stamp Duty & Legal Fees	£28,100£28,100
Total Cash In	£151,225£151,225

Cash Out
Rent Range	£1,950 - £4,000£1,950 - £4,000
Rent Estimate	£2,200
Running Costs/mo	£1,999£1,999
Cashflow/mo	£201£201
Cashflow/yr	£2,411£2,411
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £306K to £875K, average is £569K. £5.7K/m² to £12.8K/m², average is £7.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£535K	10/23	0 mi	Flat 390, Anchor House, Smugglers Way, London, Greater London SW18 1EN	-	-	2	Flat
£490K	04/23	0.01 mi	Flat 352, Anchor House, Smugglers Way, London, Greater London SW18 1EL	-	-	2	Flat
£470K	11/20	0.01 mi	Flat 432, Anchor House, Smugglers Way, London, Greater London SW18 1EX	-	-	2	Flat
£515K	07/23	0.04 mi	Flat 243, Bluewater House, Smugglers Way, London, Greater London SW18 1EA	-	-	2	Flat
£520K	06/23	0.04 mi	Flat 247, Bluewater House, Smugglers Way, London, Greater London SW18 1EA	-	-	2	Flat
£568K	08/21	0.04 mi	Flat 185, Compass House, Smugglers Way, London, Greater London SW18 1DJ	-	-	2	Flat
£500K	06/21	0.04 mi	Flat 244, Bluewater House, Smugglers Way, London, Greater London SW18 1EA	-	-	2	Flat
£460K	08/23	0.06 mi	Flat 129, Compass House, Smugglers Way, London, Greater London SW18 1DB	-	-	2	Flat
£575K	03/24	0.06 mi	Compass House, Flat 208, Smugglers Way, London, Greater London SW18 1DQ	£7,228	80	2	Flat
£722K	06/23	0.06 mi	Flat 133, Compass House, Smugglers Way, London, Greater London SW18 1DB	-	-	2	Flat
£475K	10/23	0.09 mi	Flat 94, Dolphin House, Smugglers Way, London, Greater London SW18 1DG	-	-	2	Flat
£495K	06/21	0.09 mi	Flat 10, Dolphin House, Smugglers Way, London, Greater London SW18 1DE	-	-	2	Flat
£540K	11/20	0.1 mi	Flat 83, Dolphin House, Smugglers Way, London, Greater London SW18 1DG	-	-	2	Flat
£610K	08/21	0.1 mi	1, Nickols Walk, London, Greater London SW18 1BZ	£7,922	77	2	Flat
£420K	04/23	0.23 mi	Flat 26, Block 3, Philpot Square, London, Greater London SW6 3HX	-	-	2	Flat
£765K	06/21	0.24 mi	24, Ebner Street, London, Greater London SW18 1BT	£10,008	76	2	Flat
£595K	04/23	0.25 mi	195, Carnwath Road, London, Greater London SW6 3EJ	£9,706	61	2	Flat
£735K	06/21	0.29 mi	First Floor Flat, 12, Dymock Street, Fulham, London, Greater London SW6 3HA	£7,277	101	2	Flat
£690K	12/23	0.29 mi	Ground Floor Flat, 24, Dymock Street, Fulham, London, Greater London SW6 3HA	£12,778	54	2	Flat
£477.5K	03/23	0.35 mi	13b, Alma Road, London, Greater London SW18 1AA	-	-	2	Flat
£434.3K	07/23	0.36 mi	50, Fairfield Drive, London, Greater London SW18 1DL	£6,786	64	2	Flat
£372K	06/21	0.4 mi	24, Nantes Close, London, Greater London SW18 1JL	£7,154	52	2	Flat
£765K	11/23	0.4 mi	First And Second Floor Flat, 5, Hamble Street, London, Greater London SW6 2RT	-	-	2	Flat
£430K	02/23	0.4 mi	Flat 21, Tower Court, Frogmore, London, Greater London SW18 1HL	-	-	2	Flat
£610K	01/21	0.43 mi	20, Wynter Street, London, Greater London SW11 2TZ	-	-	2	Flat
£341.3K	05/23	0.46 mi	Flat 213, Chalmers House, York Road, London, Greater London SW11 3QT	-	-	2	Flat
£605K	09/21	0.46 mi	85a, Stephendale Road, London, Greater London SW6 2LT	-	-	2	Flat
£570K	01/21	0.46 mi	35b, Stephendale Road, London, Greater London SW6 2LT	-	-	2	Flat
£420K	02/21	0.47 mi	27, Turenne Close, London, Greater London SW18 1JN	-	-	2	Flat
£721.3K	07/23	0.48 mi	20a, Edenvale Street, London, Greater London SW6 2SF	£10,304	70	2	Flat
£560K	05/23	0.48 mi	Flat 15, Milton Court, Chesterton Close, London, Greater London SW18 1ST	-	-	2	Flat
£355K	08/23	0.5 mi	107, Ericcson Close, London, Greater London SW18 1SQ	£7,396	48	2	Flat
£675K	07/23	0.5 mi	106, Townmead Road, London, Greater London SW6 2SG	-	-	2	Flat
£630K	01/21	0.5 mi	Flat B, 117, Oakhill Road, London, Greater London SW15 2QL	-	-	2	Flat
£306K	01/21	0.5 mi	Flat 43, Wentworth Court, Garratt Lane, London, Greater London SW18 4BT	-	-	2	Flat
£635K	03/23	0.51 mi	184a - 184b, St Ann's Hill, London, Greater London SW18 2RT	-	-	2	Flat
£595K	09/23	0.51 mi	37b, Rosebury Road, London, Greater London SW6 2NQ	-	-	2	Flat
£695K	07/23	0.51 mi	Flat 13, Molasses House, Clove Hitch Quay, London, Greater London SW11 3TN	-	-	2	Flat
£470K	01/21	0.52 mi	24, Spanish Road, London, Greater London SW18 2HY	£9,400	50	2	Flat
£400K	03/23	0.53 mi	Flat 13, Alexander Court, Wandsworth Common West Side, London, Greater London SW18 2EJ	£5,714	70	2	Flat
£610K	06/21	0.54 mi	Flat 142, Watermans Quay, William Morris Way, London, Greater London SW6 2UW	-	-	2	Flat
£635K	03/23	0.54 mi	Flat 135, Watermans Quay, William Morris Way, London, Greater London SW6 2UW	-	-	2	Flat
£510K	04/21	0.54 mi	3, St Anns Crescent, London, Greater London SW18 2ND	-	-	2	Flat
£875K	03/23	0.55 mi	29b, Oakbury Road, London, Greater London SW6 2NN	-	-	2	Flat
£750K	03/21	0.56 mi	Flat 69, Watermans Quay, William Morris Way, London, Greater London SW6 2UU	-	-	2	Flat
£810K	10/23	0.57 mi	111, Stephendale Road, London, Greater London SW6 2PS	£9,979	81	2	Flat
£560K	02/21	0.58 mi	146a, Townmead Road, London, Greater London SW6 2RH	-	-	2	Flat
£650K	04/23	0.58 mi	Ground Floor Flat, 16, Byam Street, London, Greater London SW6 2RF	£10,924	60	2	Flat
£695K	04/24	0.59 mi	Ferrymans Quay, Flat 3, William Morris Way, London, Greater London SW6 2UT	£6,950	100	2	Flat
£800K	01/21	0.59 mi	23a, Cromford Road, London, Greater London SW18 1NZ	-	-	2	Flat

Local Rents

50 rents from £1.9K/mo to £4K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	09/24	0 mi	Anchor House, Riverside West	2	Flat
£2,000	02/24	0.01 mi	-	2	Flat
£2,640	02/24	0.02 mi	-	2	Flat
£1,950	02/24	0.02 mi	-	2	Flat
£2,500	04/25	0.02 mi	-	2	Flat
£2,600	04/25	0.02 mi	-	2	Flat
£2,250	09/24	0.03 mi	Smugglers Way, Wandsworth	2	Flat
£2,500	09/24	0.04 mi	Smugglers Way, Battersea	2	Flat
£2,300	09/24	0.04 mi	Riverside West, Smugglers Way, SW18	2	Flat
£2,500	02/24	0.04 mi	-	2	Flat
£2,300	09/24	0.06 mi	Compass House, Riverside West	2	Flat
£2,200	09/24	0.06 mi	Compass House, Smugglers Way	2	Flat
£2,250	09/24	0.06 mi	Compass House, Smugglers Way	2	Flat
£2,350	09/24	0.06 mi	Smugglers Way, SW18	2	Flat
£2,427	09/24	0.06 mi	Riverside West, Smugglers Way, SW18	2	Flat
£2,750	02/25	0.06 mi	-	2	Flat
£2,799	09/24	0.06 mi	Smugglers Way, London, SW18	2	Flat
£2,250	12/24	0.06 mi	-	2	Flat
£2,400	03/25	0.06 mi	-	2	Flat
£2,400	03/25	0.06 mi	-	2	Flat
£2,200	03/25	0.06 mi	-	2	Flat
£2,400	03/25	0.06 mi	-	2	Flat
£2,400	03/25	0.08 mi	-	2	Flat
£2,750	09/24	0.08 mi	New Acres, Wandsworth, SW18	2	Flat
£2,400	03/25	0.08 mi	-	2	Flat
£2,800	09/24	0.08 mi	New Acres, Wandsworth, SW18	2	Flat
£2,600	09/24	0.09 mi	Dolphin House, Putney, London, SW18	2	Flat
£2,900	09/24	0.09 mi	New Acres, Wandsworth, SW18	2	Flat
£2,731	09/24	0.1 mi	New Acres, Wandsworth, SW18	2	Flat
£2,731	09/24	0.1 mi	New Acres, Wandsworth, SW18	2	Flat
£2,750	09/24	0.1 mi	Smugglers Way, Riverside West	2	Flat
£2,250	09/24	0.12 mi	-	2	Flat
£2,400	10/24	0.12 mi	-	2	Flat
£4,000	04/25	0.2 mi	-	2	Flat
£2,700	03/25	0.2 mi	-	2	Flat
£2,600	10/24	0.21 mi	-	2	Flat
£2,250	09/24	0.21 mi	Enterprise Way, Wandsworth, SW18	2	Flat
£3,200	09/24	0.21 mi	Ascensis Tower, Battersea Reach	2	Flat
£2,750	10/24	0.22 mi	-	2	Flat
£2,800	12/24	0.22 mi	-	2	Flat
£2,650	11/24	0.22 mi	-	2	Flat
£2,900	09/24	0.22 mi	Quarter House, Battersea Reach	2	Flat
£2,600	10/24	0.23 mi	-	2	Flat
£2,490	09/24	0.23 mi	-	2	Flat
£3,000	02/25	0.23 mi	-	2	Flat
£2,500	09/24	0.23 mi	-	2	Flat
£2,450	10/24	0.23 mi	-	2	Flat
£3,098	09/24	0.23 mi	Riverside Quarter, London SW18	2	Flat
£2,600	09/24	0.23 mi	Old York Road, LONDON	2	Flat
£3,600	09/24	0.23 mi	Eastfields Avenue, Wandsworth, SW18	2	Flat

Local Area Statistics

Population in SW18	59,80659,806
Population in London	4,771,9214,771,921
Town centre distance	5.81 miles away5.81 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.19 miles away0.19 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

Price changed to £492,500

February 16, 2025

Listed for £497,500

September 6, 2024

Floor Plans

Description

Modern and bright two bed two bath apartment +
Large reception area with open plan kitchen +
Private balcony with stunning river views +
Access to communal gardens +
Exclusive 24 h portered riverside development +
Wandsworth Band F £1,388.32 +

A fantastic two double bedroom, two bathroom fifth floor apartment situated within this exclusive riverside development. The flat comprises a bright reception/dining room with access to a sunny balcony, contemporary fully equipped modern kitchen, master bedroom with fitted wardrobe and en-suite shower room, second double bedroom and bathroom with shower over bath. The property further benefits from secure entry phone system, 24 hour concierge and 3 Gb broadband service for residents (by separate negotiation). Smugglers Way is close to Wandsworth Bridge and overlooks the River Thames. The riverside walk has a number of shops and cafes located within the development. The area benefits from a main-line station Wandsworth Town which is 11 minutes to Waterloo Station (Jubilee, Northern, Bakerloo lines, British Rail) and central London. By road, the nearest main route is the A3 and South Circular (A205) for routes in and out of London.

Agent Details

M2 Property, London

020 3840 3652

Next Steps?

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

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