2 Bed Flat, Single Let, London, SW16 1TR, £370,000

Aldrington Road, London, SW16 1TR - 3 views - 5 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£282.7K - £805K
Sold Prices/m²£5.4K/m² - £15.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£444,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£18,300

Total Cash In

£110,800

 

 

Cash Out

 

Rent Range

£1,600 - £2,520

Rent Estimate

£1,646

Running Costs/mo

£1,505

Cashflow/mo

£141

Cashflow/yr

£1,687

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £282.7K to £805K, average is £425K. £5.4K/m² to £15.2K/m², average is £7.4K/m².

PriceDateDistanceAddressBeds 
£325K11/210.12 miFlat 23, Fordyce House, Colson Way, London, Greater London SW16 1SF2
£615K11/210.13 mi1, Thirlmere Road, London, Greater London SW16 1QW2
£324.3K12/200.14 miFlat 9, Busby House, Aldrington Road, London, Greater London SW16 1TZ2
£282.7K05/210.15 miFlat 12, Percy House, Pringle Gardens, London, Greater London SW16 1SQ2
£320K11/200.15 miFlat 14, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£321.5K01/210.15 miFlat 10, Grierson House, Aldrington Road, London, Greater London SW16 1TN2
£538K02/210.24 mi35, Fernwood Avenue, London, Greater London SW16 1RD2
£340K09/210.26 miFlat A, 27, Tooting Bec Gardens, London, Greater London SW16 1QY2
£327K10/210.29 miFlat 6, Clive Court, Babington Road, London, Greater London SW16 6AL2
£346.9K12/200.3 miFlat 23, Oldfield House, West Drive, London, Greater London SW16 1RT2
£352.5K12/200.32 miFlat 10, Shelburne House, Fayland Avenue, London, Greater London SW16 1SX2
£420K11/210.35 miFlat 3, 94, Gleneagle Road, London, Greater London SW16 6AF2
£487K01/210.39 mi25, Mount Ephraim Lane, London, Greater London SW16 1JE2
£542K12/200.41 miGround Floor Flat, 49, Gleneldon Road, Streatham, London, Greater London SW16 2AX2
£550K09/210.42 mi3a, Nimrod Road, London, Greater London SW16 6SZ2
£444.5K04/230.42 miGround Floor Flat, 39, Ribblesdale Road, London, Greater London SW16 6SF2
£416K10/210.43 mi20a, Ribblesdale Road, London, Greater London SW16 6SE2
£590K05/210.43 miFlat A, 182, Gleneagle Road, Streatham, London, Greater London SW16 6BA2
£420K06/210.43 mi48a, Westcote Road, London, Greater London SW16 6BW2
£507K08/230.45 mi151, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£455K07/230.45 mi139b, Gleneagle Road, Streatham, London, Greater London SW16 6AZ2
£527.3K03/210.46 mi95b, Kingscourt Road, London, Greater London SW16 1JA2
£327.5K10/210.46 miSecond Floor Flat, 75, Norfolk House Road, London, Greater London SW16 1JQ2
£535K07/230.47 mi39, Lisle Close, London, Greater London SW17 6LB2
£363.8K06/210.47 mi16a, Penwortham Road, London, Greater London SW16 6RE2
£755K04/210.47 mi33, Hambro Road, London, Greater London SW16 6JD2
£457K05/210.49 mi222, Macmillan Way, London, Greater London SW17 6AW2
£460K04/210.49 mi192, Macmillan Way, London, Greater London SW17 6AW2
£510K07/230.49 mi192, Macmillan Way, London, Greater London SW17 6AW2
£322.5K02/210.49 mi38c, Pinfold Road, London, Greater London SW16 2SN2
£445K07/210.5 mi64, Lisle Close, London, Greater London SW17 6LD2
£388K03/230.51 mi43, Hillbury Road, Balham, London, Greater London SW17 8JT2
£435K03/210.51 mi182, Massingberd Way, London, Greater London SW17 6AP2
£315K09/210.51 mi9b, Blegborough Road, London, Greater London SW16 6DL2
£365K02/210.51 miFlat B, 14, Moorcroft Road, London, Greater London SW16 1NL2
£445K09/230.52 mi124, Macmillan Way, London, Greater London SW17 6AU2
£525K10/230.52 mi203, Massingberd Way, London, Greater London SW17 6AQ2
£750K02/210.53 mi47, Moyser Road, London, Greater London SW16 6RW2
£385K12/200.53 mi119, Massingberd Way, London, Greater London SW17 6AJ2
£295K04/230.53 mi142, Massingberd Way, London, Greater London SW17 6AJ2
£373K11/210.54 miFlat A, 70, Eardley Road, London, Greater London SW16 6BL2
£620K07/230.55 mi15, Birchwood Road, London, Greater London SW17 9BQ2
£445K06/210.55 mi75, Natal Road, Streatham, London, Greater London SW16 6JA2
£365K09/210.55 mi18b, Wellfield Road, London, Greater London SW16 2BP2
£805K05/230.56 miFlat C, 15, Elmbourne Road, London, Greater London SW17 8JS2
£425K03/210.58 mi33, Fernthorpe Road, London, Greater London SW16 6DP2
£390.5K04/230.58 miFlat 25, The High, Streatham High Road, London, Greater London SW16 1HE2
£425K10/230.58 mi33, Massingberd Way, London, Greater London SW17 6AD2
£415K08/230.58 mi14, Molyneux Drive, London, Greater London SW17 6BA2
£535K01/210.58 mi33, Woodleigh Gardens, London, Greater London SW16 2SX2

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,70009/240.06 miRiggindale Road, Streatham2
£1,91002/240.1 mi-2
£1,80010/240.1 mi-2
£2,10009/240.11 miRiggindale Road, Streatham2
£1,60010/240.13 mi-2
£1,60001/250.13 mi-2
£2,00009/240.14 miTooting Bec Gardens, Streatham2
£2,15003/250.14 mi-2
£1,75012/240.14 mi-2
£2,00009/240.17 miAmbleside Avenue, London, SW162
£2,00009/240.17 mi-2
£2,15002/250.18 mi-2
£2,00009/240.22 miPrentis Road, Streatham2
£1,75009/240.23 mi-2
£2,20009/240.25 miAbbotsleigh Road, Streatham2
£2,30009/240.26 miThrale Road, Streatham2
£1,80010/240.27 mi-2
£1,70011/240.27 mi-2
£1,90010/240.27 mi-2
£1,90012/240.27 mi-2
£2,00009/240.29 miAmbleside Gardens London SW162
£1,85003/250.29 mi-2
£1,64509/240.3 mi-2
£2,30009/240.31 mi-2
£2,25009/240.32 miWoodbourne Avenue, London, SW162
£1,85009/240.32 mi-2
£2,20012/240.32 mi-2
£1,99512/240.32 mi-2
£1,99902/250.33 mi-2
£2,20003/250.34 mi-2
£2,20003/250.34 mi-2
£2,10009/240.34 miThrale Road, London, SW162
£2,10009/240.34 mi-2
£2,00012/240.34 mi-2
£1,80009/240.35 miGleneagle Road, London2
£1,70002/250.35 mi-2
£1,75009/240.36 miFairmile Avenue Streatham SW162
£2,25009/240.36 mi-2
£1,90003/250.36 mi-2
£1,85009/240.37 mi-2
£1,85009/240.37 mi-2
£1,70009/240.37 miGleneagle Road, Streatham, SW162
£1,65009/240.37 miBecmead Avenue, Streatham, SW162
£1,92002/250.38 mi-2
£1,85009/240.39 miStanthorpe Road, Streatham2
£2,10011/240.39 mi-2
£2,10002/250.39 mi-2
£2,10002/250.39 mi-2
£2,10002/250.39 mi-2
£2,52002/240.39 mi-2

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

6.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £370,000

October 18, 2024

Floor Plans

Description

  • Two double bedrooms +
  • Reception room with large windows +
  • Modern separate kitchen +
  • Contemporary bathroom +
  • Communal gardens +
  • Close to Streatham Station (Thameslink) and Tooting Bec underground (Northern Line) +

This well-presented two-bedroom first-floor ex-local authority flat offers bright and generously proportioned living spaces in a highly convenient location. The property features a spacious reception room with large windows, allowing plenty of natural light to create a warm and inviting atmosphere. The separate modern kitchen provides ample storage and workspace, ideal for everyday use. Both double bedrooms are generously sized, offering comfortable accommodation, and the bathroom is simple and functional.

The flat also benefits from access to communal gardens, perfect for outdoor relaxation. Additionally, there is a private bin and bike store, offering practical storage solutions — a feature that could be valuable for many buyers.

Hidaburn Court is ideally located with Streatham Common, the Lido, and the Athletics Track just a short distance away, providing excellent leisure options. Streatham Station (Thameslink) is within easy reach, offering direct access to the City, with Tooting Bec underground station (Northern Line) also nearby for further transport links.

Residents can take advantage of a variety of local amenities, including cafes, restaurants, gyms, and shops, ensuring a convenient urban lifestyle.

This flat represents a great opportunity for first-time buyers, professionals, or investors seeking a well-located home in an area with excellent transport connections and access to green spaces.

Agent Details

Winkworth, Streatham

020 3870 2896

Next Steps?

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