2 Bed Flat, Single Let, London, SW8 2LB, £450,000

Wandsworth Road, Nine Elms, London, SW8 2LB - 1 views - 6 months ago

Leasehold

Auction

BTL

ROI: 2%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£267K - £1.4M
Sold Prices/m²	£3K/m² - £17.5K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£540,000£540,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£137,200£137,200

Cash Out
Rent Range	£1,600 - £5,633£1,600 - £5,633
Rent Estimate	£2,038
Running Costs/mo	£1,834£1,834
Cashflow/mo	£204£204
Cashflow/yr	£2,450£2,450
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £267K to £1.4M, average is £410K. £3K/m² to £17.5K/m², average is £8.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£340K	11/21	0.08 mi	Flat 24, Sheldon Court, Lansdowne Green, London, Greater London SW8 2BE	-	-	2	Flat
£445K	02/21	0.09 mi	Flat 12, Courthope House, Hartington Road, London, Greater London SW8 2HS	-	-	2	Flat
£481.2K	09/23	0.09 mi	Flat 10, Lang House, Hartington Road, London, Greater London SW8 2HT	-	-	2	Flat
£353.3K	06/23	0.1 mi	Flat 13, Webb House, Hemans Street, London, Greater London SW8 4SU	-	-	2	Flat
£500K	06/21	0.1 mi	8, Mill Pond Close, London, Greater London SW8 4SN	£7,463	67	2	Flat
£425K	11/20	0.13 mi	Flat 25, Tillotson Court, Wandsworth Road, London, Greater London SW8 2NH	-	-	2	Flat
£432.5K	03/21	0.14 mi	Flat 17, Oliver House, Wyvil Road, London, Greater London SW8 2SX	-	-	2	Flat
£385K	10/20	0.15 mi	Flat 6, Edgar House, Wyvil Road, London, Greater London SW8 2SS	-	-	2	Flat
£473.4K	09/23	0.2 mi	92, Crimsworth Road, London, Greater London SW8 4RL	£13,945	34	2	Flat
£416K	07/23	0.2 mi	Flat 25, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ	-	-	2	Flat
£435K	05/23	0.2 mi	Flat 24, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ	-	-	2	Flat
£395K	01/21	0.2 mi	Ground Floor Flat, 53, Thorne Road, London, Greater London SW8 2BY	-	-	2	Flat
£415K	09/21	0.23 mi	Flat 29, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT	-	-	2	Flat
£375K	09/21	0.23 mi	Flat 5, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT	-	-	2	Flat
£400K	12/20	0.23 mi	Flat 62, Cornwallis Court, Lansdowne Green, London, Greater London SW8 2NX	-	-	2	Flat
£350K	06/21	0.23 mi	Flat 89, Victoria Mansions, South Lambeth Road, London, Greater London SW8 1QU	£7,447	47	2	Flat
£590K	06/23	0.24 mi	160a, Old South Lambeth Road, London, Greater London SW8 1XX	-	-	2	Flat
£465K	01/23	0.26 mi	Flat 4, Stamford Buildings, South Lambeth Road, London, Greater London SW8 1UY	-	-	2	Flat
£407.5K	03/21	0.27 mi	Flat 18, Hartington Court, Lansdowne Way, London, Greater London SW8 2EB	-	-	2	Flat
£270K	03/23	0.29 mi	Flat 23, Kelvedon House, Guildford Road, London, Greater London SW8 2DN	-	-	2	Flat
£270K	11/23	0.29 mi	Flat 52, Kelvedon House, Guildford Road, London, Greater London SW8 2DW	-	-	2	Flat
£267K	01/23	0.29 mi	Flat 7, Kelvedon House, Guildford Road, London, Greater London SW8 2DN	-	-	2	Flat
£390K	06/21	0.29 mi	Flat 72, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED	-	-	2	Flat
£370K	02/21	0.29 mi	Flat 73, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED	-	-	2	Flat
£590K	10/23	0.3 mi	35, Heyford Avenue, Kennington, London, Greater London SW8 1EA	-	-	2	Flat
£305K	12/23	0.3 mi	65, Tradescant Road, London, Greater London SW8 1XJ	£2,961	103	2	Flat
£580K	01/21	0.32 mi	Flat C, 42, Heyford Avenue, London, Greater London SW8 1EE	-	-	2	Flat
£573.2K	10/21	0.34 mi	65c, Heyford Avenue, London, Greater London SW8 1EB	-	-	2	Flat
£350K	06/21	0.34 mi	Flat 22, Edrich House, Binfield Road, London, Greater London SW4 6SS	-	-	2	Flat
£870K	04/23	0.35 mi	Flat 5, Elm Quay Court, Nine Elms Lane, London, Greater London SW8 5DE	-	-	2	Flat
£925K	08/21	0.35 mi	Flat 10, Elm Quay Court, Nine Elms Lane, London, Greater London SW8 5DE	-	-	2	Flat
£741K	01/21	0.36 mi	4, Rita Road, London, Greater London SW8 1JU	£8,718	85	2	Flat
£560K	08/21	0.37 mi	229d, South Lambeth Road, London, Greater London SW8 1XR	-	-	2	Flat
£270K	09/21	0.42 mi	Flat 42, Rundell Tower, Portland Grove, London, Greater London SW8 1JD	-	-	2	Flat
£510K	12/20	0.43 mi	First Floor Flat, 30, Albert Square, London, Greater London SW8 1DA	£10,408	49	2	Flat
£315K	03/23	0.43 mi	Flat 25, Park Mansions, South Lambeth Road, London, Greater London SW8 1TP	-	-	2	Flat
£360K	08/21	0.44 mi	Flat 5, Mobey Court, Studley Road, London, Greater London SW4 6RS	-	-	2	Flat
£410K	06/21	0.45 mi	11, Spencer Mews, London, Greater London SW8 1HF	£9,318	44	2	Flat
£350K	03/21	0.47 mi	Flat 42, Aston House, Wandsworth Road, London, Greater London SW8 4ER	-	-	2	Flat
£427K	07/23	0.47 mi	Flat 23, Squires Court, Binfield Road, London, Greater London SW4 6TD	-	-	2	Flat
£346K	02/23	0.47 mi	95, Hampson Way, London, Greater London SW8 1HX	£5,014	69	2	Flat
£410K	01/21	0.49 mi	Flat 21, Jephson Court, Studley Road, London, Greater London SW4 6SB	-	-	2	Flat
£465K	01/21	0.5 mi	8, Courland Grove, London, Greater London SW8 2PX	£7,154	65	2	Flat
£282K	03/23	0.5 mi	Flat 77, Wimborne House, Dorset Road, London, Greater London SW8 1AJ	-	-	2	Flat
£450K	01/23	0.51 mi	19, Richborne Terrace, London, Greater London SW8 1AS	-	-	2	Flat
£360K	06/23	0.52 mi	Flat 10, Kneller House, Union Grove, London, Greater London SW8 2RR	-	-	2	Flat
£318K	01/23	0.52 mi	Flat 18, Croxteth House, Wandsworth Road, London, Greater London SW8 2RX	-	-	2	Flat
£1.4M	12/20	0.53 mi	50, Fentiman Road, London, Greater London SW8 1LF	£17,531	81	2	Flat
£440K	02/23	0.53 mi	Second Floor Flat, 80, Meadow Road, London, Greater London SW8 1PP	£10,233	43	2	Flat
£370K	12/20	0.54 mi	Flat 17, Thessaly House, Thessaly Road, London, Greater London SW8 4EB	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £5.6K/mo, average is £3.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,600	09/24	0.01 mi	-	2	Flat
£2,600	03/25	0.01 mi	-	2	Flat
£2,450	03/25	0.01 mi	-	2	Flat
£4,500	09/24	0.01 mi	Sky Gardens, Wandsworth Road, London SW8	2	Flat
£2,350	09/24	0.02 mi	-	2	Flat
£2,250	09/24	0.02 mi	Wandsworth Road, London, SW8	2	Flat
£2,250	09/24	0.02 mi	-	2	House
£2,400	09/24	0.02 mi	Wilbraham House, Vauxhall London SW8	2	Flat
£2,550	09/24	0.08 mi	Mill Pond Close, SW8	2	Flat
£2,650	03/25	0.08 mi	-	2	Flat
£2,400	02/24	0.08 mi	-	2	Flat
£2,500	09/24	0.08 mi	Adrian House, Nine Elms, London	2	Flat
£3,400	09/24	0.09 mi	Pinto Tower, 4 Hebden Place, SW8 2FS	2	Flat
£3,750	09/24	0.09 mi	Pinto Tower, Nine Elms Point	2	Flat
£2,400	09/24	0.1 mi	-	2	House
£2,200	01/25	0.1 mi	-	2	Flat
£3,683	09/24	0.11 mi	Hebden Place, London, SW8	2	Flat
£3,250	09/24	0.11 mi	Hebden Place, Nine Elms, SW8	2	Flat
£3,550	09/24	0.11 mi	Hebden Place, Nine Elms, SW8	2	Flat
£4,767	09/24	0.11 mi	Carnation Way, Nine Elms, SW8 5JE – 2 Bedrooms Flat	2	Flat
£3,420	09/24	0.12 mi	-	2	Flat
£2,500	09/24	0.12 mi	Mill Pond Close, Nine Elms	2	Flat
£2,500	09/24	0.12 mi	Mill Pond Close, London, SW8	2	Flat
£2,500	09/24	0.12 mi	-	2	House
£2,300	09/24	0.13 mi	Wyvil Road, London SW8	2	Flat
£2,000	09/24	0.14 mi	Wandsworth Road, Vauxhall, London, SW8	2	Flat
£3,100	09/24	0.14 mi	-	2	Flat
£2,999	09/24	0.14 mi	-	2	Flat
£3,943	09/24	0.14 mi	Wandsworth Road Nine Elms SW8	2	Flat
£3,945	09/24	0.14 mi	Wandsworth Road, London, SW8	2	Flat
£3,645	09/24	0.14 mi	Wandsworth Road, London, SW8	2	Flat
£4,130	09/24	0.14 mi	Wandsworth Road, London, SW8	2	Flat
£3,680	09/24	0.14 mi	Wandsworth Road, London, SW8	2	Flat
£5,633	09/24	0.16 mi	Thames City, Nine Elms Ln, London SW8	2	Flat
£5,200	09/24	0.16 mi	Nine Elms Ln, Nine Elms, London SW8 5EL	2	Flat
£3,649	09/24	0.16 mi	Collet House, 50, Wandsworth Road, LONDON, SW8	2	Flat
£2,400	03/25	0.16 mi	-	2	Flat
£2,100	09/24	0.16 mi	-	2	Flat
£3,250	09/24	0.17 mi	Brent House, Nine Elms Point, Vauxhall SW8	2	Flat
£3,800	09/24	0.17 mi	Legacy Building, Embassy Gardens, SW11	2	Flat
£3,467	09/24	0.17 mi	Wandsworth Road, Nine Elms, SW8	2	Flat
£3,500	09/24	0.17 mi	Wandsworth Road, Nine Elms, SW8	2	Flat
£1,600	02/25	0.17 mi	-	2	Flat
£3,250	09/24	0.17 mi	Brent House, Nine Elms Point, Nine Elms, London, SW8	2	Flat
£3,359	09/24	0.17 mi	Brent House, Nine Elms Point, Nine Elms, London, SW8	2	Flat
£3,400	02/24	0.17 mi	-	2	Flat
£3,185	09/24	0.17 mi	-	2	House
£3,900	09/24	0.17 mi	-	2	Flat
£4,117	09/24	0.17 mi	Nine Elms, Nine Elms, London, SW11	2	Flat
£3,033	09/24	0.18 mi	Sky Gardens, Nine Elms, London, SW11	2	Flat

Local Area Statistics

Population in SW8	35,13835,138
Population in London	4,771,9214,771,921
Town centre distance	3.53 miles away3.53 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-5%-5%

Property History

Listed for £450,000

September 25, 2024

Floor Plans

Description

For Sale via Foxtons Auctions - Prior Auction purchase available +
Reception room with space to dine +
Open-plan kitchen with integrated appliances +
Main bedroom with access to Balcony +
2nd bedroom of a similar size +
Shower room and guest cloakroom +
Fresh modern décor and good natural light +

Located on the 1st floor of a secure residential development with lift access, this superb 2 bedroom split-level apartment offers elegant living space with a private balcony.

Wandsworth Road is teaming with numerous shops, bars and restaurants leading towards both Vauxhall and Clapham in either direction. The property also benefits from close proximity to the Nine Elms, Battersea Park regeneration project.

Please use the reference NWHM4124336 when contacting Foxtons.

Agent Details

Foxtons, Vauxhall

020 3889 9056

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, London, SW8 2LY

£800,000

1 views • a month ago • 68 m²

2 Bed Flat, Single Let, London, SW8 2BD

£400,000

a month ago • 73 m²

3 Bed House, Single Let, London, SW8 2TG

£1,200,000

8 days ago • 93 m²

2 Bed Flat, Single Let, London, SW8 2SW

£450,000

2 views • 3 months ago • 68 m²