2 Bed Flat, Single Let, Wallington, SM6 8SB, £295,000

Melbourne Road, Wallington, SM6 8SB - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~73 m²
+9 photos

ValuationUndervalued

Sold Prices£132.5K - £646K
Sold Prices/m²£1.9K/m² - £6.9K/m²

 

 

Square Metres

~73 m²
Price/m²£4K/m²

Value Estimate

£356,152
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Total Cash In

£86,050

 

 

Cash Out

 

Rent Range

£1,275 - £1,900

Rent Estimate

£1,450

Running Costs/mo

£1,232

Cashflow/mo

£218

Cashflow/yr

£2,618

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £132.5K to £646K, average is £301K. £1.9K/m² to £6.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£430K09/210.08 miFlat B, 16, Belmont Road, Wallington, Greater London SM6 8TB2
£335K06/230.12 mi6, Spring Gardens, Wallington, Greater London SM6 8SW2
£255K07/230.17 miFlat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£272.5K12/200.17 miFlat 33, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£141K01/210.18 mi25, Bute Court, Wallington, Greater London SM6 8AG2
£347.5K07/230.19 mi24, Bute Gardens West, Wallington, Greater London SM6 8SR2
£340K06/210.19 mi45, Park Road, Wallington, Greater London SM6 8AA2
£345K02/210.22 mi33, Grosvenor Road, Wallington, Greater London SM6 0EN2
£287K02/210.3 mi4, Queens Close, Wallington, Greater London SM6 0AQ2
£302K04/210.3 mi6, Queens Close, Wallington, Greater London SM6 0AQ2
£300K10/210.3 mi9, Queens Close, Wallington, Greater London SM6 0AQ2
£330K03/210.34 mi65a, Park Lane, Carshalton, Greater London SM5 3EE2
£321K11/200.35 miTop Floor Flat, 33, Park Lane, Carshalton, Greater London SM5 3EE2
£395K01/230.35 miGround Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE2
£646K06/210.36 mi17, Ross Road, Wallington, Greater London SM6 8QN2
£340K03/230.38 mi13a, Cranley Gardens, Wallington, Greater London SM6 9PR2
£230K01/230.4 miFlat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£190K10/210.43 miFlat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£297.5K06/210.44 mi57, Lavender Road, Carshalton, Greater London SM5 3EF2
£350K02/230.44 mi18, Lavender Road, Carshalton, Greater London SM5 3EF2
£295K06/210.46 mi37, Lavender Close, Carshalton, Greater London SM5 3EH2
£295K06/210.46 mi13, Lavender Close, Carshalton, Greater London SM5 3EH2
£297.5K04/210.46 mi23, Lavender Close, Carshalton, Greater London SM5 3EH2
£260K02/210.47 miFlat 11, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£260K03/210.47 miFlat 18, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K04/210.47 miFlat 19, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K08/210.47 miFlat 10, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£325K01/210.54 mi13, Ruskin Road, Carshalton, Greater London SM5 3DD2
£327K11/200.54 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
£375K02/230.61 mi24, Beacon Grove, Carshalton, Greater London SM5 3BA2
£348K08/230.62 mi24, Marchmont Road, Wallington, Greater London SM6 9NU2
£290K10/200.7 mi9, Hanno Close, Wallington, Greater London SM6 9BZ2
£225K04/210.7 mi43, Plough Lane Close, Wallington, Greater London SM6 8JN2
£279K10/210.71 mi16a, Butter Hill, Wallington, Greater London SM6 7JD2
£355K04/230.71 mi16, Butter Hill, Wallington, Greater London SM6 7JD2
£312K11/200.72 mi52a, Carshalton Park Road, Carshalton, Greater London SM5 3SS2
£365K03/210.73 mi17, Salisbury Road, Carshalton, Greater London SM5 3HA2
£325K03/230.76 mi59, Freshwood Way, Wallington, Greater London SM6 0RL2
£264K04/210.78 miFlat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£252.5K09/210.78 miFlat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£305K10/200.78 mi27, Beynon Road, Carshalton, Greater London SM5 3RW2
£300K02/210.78 mi26, Beynon Road, Carshalton, Greater London SM5 3RW2
£315K12/200.8 mi17, Stanhope Road, Carshalton, Greater London SM5 4LH2
£274.5K10/210.81 mi61, Caraway Place, Wallington, Greater London SM6 7AG2
£276K10/200.81 mi59, Caraway Place, Wallington, Greater London SM6 7AG2
£321.3K05/210.82 miApartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT2
£132.5K11/200.84 mi22, Brown Close, Wallington, Greater London SM6 9ER2
£140K05/210.86 mi41, Brown Close, Wallington, Greater London SM6 9ER2

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
£1,50009/240.05 miCanon Court, 91 Manor Road, Wallington, SM62
£1,45008/240.06 mi91 Manor Road, Wallington2
£1,65009/240.06 miManor Road Wallington SM62
£1,60004/250.08 mi-2
£1,50009/240.09 miBelmont Road, WALLINGTON2
£1,85001/250.09 mi-2
£1,47508/240.12 miGrosvenor Road, WALLINGTON2
£1,60009/240.15 miBeddington Gardens, Wallington, SM62
£1,65010/240.16 mi-2
£1,50008/240.16 miCavalier Close Wallington SM62
£1,50009/240.18 miWoodcote Road, Wallington, SM62
£1,40008/240.18 miBute Court, Bute Road, Wallington, SM62
£1,75009/240.18 miCavalier Close, Wallington, SM62
£1,45008/240.19 miClarendon Road, WALLINGTON2
£1,35008/240.19 miRosemount Clarendon Road Wallington SM6 8RW2
£1,60009/240.2 mi-2
£1,40004/250.22 mi-2
£1,45010/240.24 mi-2
£1,60009/240.24 miMaldon Road, Wallington2
£1,80008/240.25 mi-2
£1,80008/240.25 mi-2
£1,90009/240.27 miStafford Road, Wallington, SM62
£1,90010/240.27 mi-2
£1,60009/240.27 mi-2
£1,75008/240.27 miStafford Road, Wallington, Surrey, SM62
£1,55008/240.28 miMaldon Road, Wallington, SM62
£1,27509/240.28 miMaldon Road Wallington SM62
£1,60008/240.28 miMaldon Road, Wallington, SM62
£1,60008/240.28 mi-2
£1,60008/240.28 mi-2
£1,55003/250.28 mi-2
£1,65009/240.29 mi-2
£1,60011/240.3 mi-2
£1,60009/240.3 miHolmwood Gardens, Wallington, SM62
£1,50009/240.31 mi17 Parkgate Road, Wallington, SM62
£1,55002/240.32 mi-2
£1,80009/240.32 miStanley Park Road2
£1,65009/240.33 mi-2
£1,65009/240.33 miJasmine Court, Wallington, SM62
£1,55008/240.33 mi-2
£1,75012/240.33 mi-2
£1,50008/240.33 miParkgate Road, Wallington, SM62
£1,70003/250.34 mi-2
£1,75008/240.34 mi-2
£1,47508/240.36 miWoodcote Road, Wallington, SM62
£1,45008/240.36 miStafford Road, WALLINGTON2
£1,50009/240.36 miStafford Road, WALLINGTON2
£1,50008/240.36 miStanley Park Road, Wallington, SM62
£1,85002/240.37 mi-2
£1,60010/240.37 mi-2
£1,60002/240.39 mi-2

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £295,000

September 13, 2024

Floor Plans

Description

  • Council Tax Band: C +
  • No Chain Above +
  • Double Glazed Windows +
  • Economy 7 Hot Water +
  • Electric Heating Via Radiators +
  • Security Entryphone System +
  • Private Gated Development +
  • Residents Parking +
  • 103 Years Remaining On Lease +

This beautiful two bedroom purpose built flat is situated on the third floor within a modern gated residential development, which is conveniently located being within 0.1 of a mile walk to Wallington British Rail Station and town centre. EPC Rating: B

Agent Details

Homecare Estates, Wallington

020 3917 4768

Next Steps?

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