2 Bed Flat, Single Let, Wallington, SM6 8BG, £287,500

Maldon Road, Wallington, SM6 8BG - 4 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~68 m²

+8 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£4.2K/m²
Value Estimate	£344,595£344,595
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,875£71,875
Stamp Duty & Legal Fees	£11,700£11,700
Total Cash In	£83,575£83,575

Cash Out
Rent Range	£1,275 - £2,000£1,275 - £2,000
Rent Estimate	£1,450
Running Costs/mo	£1,208£1,208
Cashflow/mo	£242£242
Cashflow/yr	£2,899£2,899
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £141K to £646K, average is £321.1K. £3.4K/m² to £6.9K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£287K	02/21	0.08 mi	4, Queens Close, Wallington, Greater London SM6 0AQ	£4,556	63	2	Flat
£302K	04/21	0.08 mi	6, Queens Close, Wallington, Greater London SM6 0AQ	£5,119	59	2	Flat
£300K	10/21	0.08 mi	9, Queens Close, Wallington, Greater London SM6 0AQ	-	-	2	Flat
£340K	06/21	0.09 mi	45, Park Road, Wallington, Greater London SM6 8AA	-	-	2	Flat
£141K	01/21	0.2 mi	25, Bute Court, Wallington, Greater London SM6 8AG	-	-	2	Flat
£430K	09/21	0.2 mi	Flat B, 16, Belmont Road, Wallington, Greater London SM6 8TB	£3,386	127	2	Flat
£260K	02/21	0.22 mi	Flat 11, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB	-	-	2	Flat
£260K	03/21	0.22 mi	Flat 18, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB	-	-	2	Flat
£268K	04/21	0.22 mi	Flat 19, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB	-	-	2	Flat
£297.5K	06/21	0.22 mi	57, Lavender Road, Carshalton, Greater London SM5 3EF	-	-	2	Flat
£350K	02/23	0.22 mi	18, Lavender Road, Carshalton, Greater London SM5 3EF	£5,303	66	2	Flat
£268K	08/21	0.23 mi	Flat 10, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB	-	-	2	Flat
£295K	06/21	0.23 mi	37, Lavender Close, Carshalton, Greater London SM5 3EH	£6,860	43	2	Flat
£295K	06/21	0.23 mi	13, Lavender Close, Carshalton, Greater London SM5 3EH	£5,566	53	2	Flat
£297.5K	04/21	0.23 mi	23, Lavender Close, Carshalton, Greater London SM5 3EH	-	-	2	Flat
£330K	03/21	0.28 mi	65a, Park Lane, Carshalton, Greater London SM5 3EE	£5,000	66	2	Flat
£335K	06/23	0.29 mi	6, Spring Gardens, Wallington, Greater London SM6 8SW	£5,317	63	2	Flat
£321K	11/20	0.3 mi	Top Floor Flat, 33, Park Lane, Carshalton, Greater London SM5 3EE	£4,774	67	2	Flat
£395K	01/23	0.3 mi	Ground Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE	£5,985	66	2	Flat
£347.5K	07/23	0.3 mi	24, Bute Gardens West, Wallington, Greater London SM6 8SR	£5,486	63	2	Flat
£345K	02/21	0.3 mi	33, Grosvenor Road, Wallington, Greater London SM6 0EN	£4,600	75	2	Flat
£255K	07/23	0.34 mi	Flat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ	-	-	2	Flat
£272.5K	12/20	0.35 mi	Flat 33, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ	-	-	2	Flat
£320K	05/21	0.42 mi	14, Bond Gardens, Wallington, Greater London SM6 7LP	£3,855	83	2	Flat
£345K	05/23	0.42 mi	14, Bond Gardens, Wallington, Greater London SM6 7LP	£4,157	83	2	Flat
£325K	01/21	0.43 mi	13, Ruskin Road, Carshalton, Greater London SM5 3DD	£4,924	66	2	Flat
£327K	11/20	0.43 mi	13a, Ruskin Road, Carshalton, Greater London SM5 3DD	£4,955	66	2	Flat
£375K	02/23	0.43 mi	24, Beacon Grove, Carshalton, Greater London SM5 3BA	£4,630	81	2	Flat
£279K	10/21	0.47 mi	16a, Butter Hill, Wallington, Greater London SM6 7JD	£3,720	75	2	Flat
£355K	04/23	0.47 mi	16, Butter Hill, Wallington, Greater London SM6 7JD	£5,917	60	2	Flat
£646K	06/21	0.48 mi	17, Ross Road, Wallington, Greater London SM6 8QN	£4,517	143	2	Flat
£274.5K	10/21	0.58 mi	61, Caraway Place, Wallington, Greater London SM6 7AG	£4,733	58	2	Flat
£276K	10/20	0.58 mi	59, Caraway Place, Wallington, Greater London SM6 7AG	£6,732	41	2	Flat
£321.3K	05/21	0.58 mi	Apartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT	-	-	2	Flat
£340K	03/23	0.62 mi	13a, Cranley Gardens, Wallington, Greater London SM6 9PR	£6,296	54	2	Flat
£312K	11/20	0.63 mi	52a, Carshalton Park Road, Carshalton, Greater London SM5 3SS	£4,522	69	2	Flat
£230K	01/23	0.65 mi	Flat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	£3,382	68	2	Flat
£325K	11/22	0.66 mi	1, Dover Gardens, Carshalton, Greater London SM5 2LD	£5,508	59	2	Flat
£190K	10/21	0.66 mi	Flat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	-	-	2	Flat
£320K	03/23	0.67 mi	90, Denmark Road, Carshalton, Greater London SM5 2JW	£5,270	61	2	Flat
£335K	11/20	0.67 mi	80, Denmark Road, Carshalton, Greater London SM5 2JW	£6,442	52	2	Flat
£335K	06/21	0.67 mi	34, North Street, Carshalton, Greater London SM5 2JD	£5,317	63	2	Flat
£365K	03/21	0.69 mi	17, Salisbury Road, Carshalton, Greater London SM5 3HA	£4,803	76	2	Flat
£342K	10/21	0.7 mi	31, Sycamore Close, Carshalton, Greater London SM5 2PS	£5,969	57	2	Flat
£329K	02/21	0.7 mi	20, Sycamore Close, Carshalton, Greater London SM5 2PS	-	-	2	Flat
£322K	03/21	0.7 mi	4, Sycamore Close, Carshalton, Greater London SM5 2PS	£5,279	61	2	Flat
£305K	10/20	0.7 mi	27, Beynon Road, Carshalton, Greater London SM5 3RW	£6,224	49	2	Flat
£300K	02/21	0.7 mi	26, Beynon Road, Carshalton, Greater London SM5 3RW	£6,122	49	2	Flat
£330K	03/21	0.71 mi	48, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£4,648	71	2	Flat
£335K	03/21	0.73 mi	18, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£5,038	67	2	Flat

Local Rents

51 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	10/24	0 mi	-	2	Flat
£1,800	08/24	0.05 mi	-	2	House
£1,800	08/24	0.05 mi	-	2	House
£1,600	09/24	0.06 mi	Maldon Road, Wallington	2	Flat
£1,275	09/24	0.08 mi	Maldon Road Wallington SM6	2	Flat
£1,600	08/24	0.09 mi	-	2	House
£1,600	08/24	0.09 mi	-	2	House
£1,550	03/25	0.09 mi	-	2	Flat
£1,600	08/24	0.09 mi	Maldon Road, Wallington, SM6	2	Flat
£1,400	04/25	0.1 mi	-	2	Flat
£1,550	08/24	0.12 mi	Maldon Road, Wallington, SM6	2	Flat
£1,500	09/24	0.14 mi	17 Parkgate Road, Wallington, SM6	2	Flat
£1,750	12/24	0.16 mi	-	2	Terraced House
£1,500	08/24	0.16 mi	Parkgate Road, Wallington, SM6	2	Flat
£1,750	08/24	0.18 mi	-	2	Flat
£1,400	08/24	0.19 mi	Bute Court, Bute Road, Wallington, SM6	2	Flat
£1,500	09/24	0.21 mi	Belmont Road, WALLINGTON	2	Flat
£1,500	09/24	0.22 mi	Canon Court, 91 Manor Road, Wallington, SM6	2	Flat
£1,500	09/24	0.22 mi	-	2	Flat
£1,550	10/24	0.22 mi	-	2	Flat
£1,475	08/24	0.22 mi	Grosvenor Road, WALLINGTON	2	Flat
£1,450	08/24	0.23 mi	91 Manor Road, Wallington	2	Flat
£1,650	09/24	0.23 mi	Manor Road Wallington SM6	2	Flat
£1,500	02/24	0.24 mi	Melbourne Road, Wallington, Surrey, SM6	2	Flat
£1,850	01/25	0.31 mi	-	2	Flat
£1,600	04/25	0.31 mi	-	2	Semi-Detached House
£2,000	09/24	0.34 mi	Rotherfield Road, Carshalton, SM5	2	Semi-Detached House
£1,600	09/24	0.35 mi	Beddington Gardens, Wallington, SM6	2	Flat
£1,600	08/24	0.36 mi	Caledon Road, Wallington, Surrey, SM6	2	Flat
£1,500	09/24	0.39 mi	Woodcote Road, Wallington, SM6	2	Flat
£1,650	10/24	0.4 mi	-	2	Flat
£1,500	08/24	0.4 mi	Cavalier Close Wallington SM6	2	Flat
£1,750	09/24	0.41 mi	Cavalier Close, Wallington, SM6	2	Flat
£1,450	08/24	0.43 mi	Clarendon Road, WALLINGTON	2	Flat
£1,350	08/24	0.43 mi	Rosemount Clarendon Road Wallington SM6 8RW	2	Flat
£1,600	09/24	0.44 mi	-	2	Flat
£1,600	09/24	0.46 mi	Holmwood Gardens, Wallington, SM6	2	Flat
£1,600	11/24	0.47 mi	-	2	Flat
£1,550	02/24	0.49 mi	-	2	Flat
£1,750	08/24	0.5 mi	Stafford Road, Wallington, Surrey, SM6	2	Terraced House
£1,650	09/24	0.5 mi	-	2	Flat
£1,600	09/24	0.5 mi	-	2	Flat
£1,900	09/24	0.51 mi	Stafford Road, Wallington, SM6	2	Flat
£1,900	10/24	0.51 mi	-	2	Flat
£1,700	03/25	0.51 mi	-	2	Terraced House
£1,300	10/24	0.51 mi	-	2	Flat
£1,800	09/24	0.54 mi	Stanley Park Road	2	Flat
£1,650	09/24	0.55 mi	Jasmine Court, Wallington, SM6	2	Flat
£1,650	09/24	0.55 mi	-	2	Flat
£1,450	08/24	0.56 mi	Stafford Road, WALLINGTON	2	Flat
£1,500	09/24	0.56 mi	Stafford Road, WALLINGTON	2	Flat

Local Area Statistics

Population in SM6	36,16636,166
Town centre distance	0.54 miles away0.54 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+30%+30%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £287,500

October 18, 2024

Floor Plans

Description

SHARE OF FREEHOLD +
DOUBLE GLAZING +
NIGHT STORAGE HEATING +
OWN GARAGE +
15'4 x 14'4 LIVING ROOM +
TWO DOUBLE BEDROOMS +
WELL KEPT COMMUNAL GARDENS +
NO ONWARD CHAIN +

SHARE OF FREEHOLD & NO ONWARD CHAIN! Welcome to this fantastic second (top) floor purpose built flat which boasts a spacious living room and two generously sized bedrooms. There is plenty of space for a growing family or for guests to stay over comfortably.

The property features a garage, providing ample storage space for your belongings or your vehicle. One of the standout features of this property is its long lease with a share of freehold, offering security and peace of mind to the new owners. This is a rare find and adds great value to the property.

Situated close to the town and station, this flat offers easy access to local amenities and excellent transport links, making it ideal for those who value convenience and connectivity.

Material Information - Carshalton - Tenure - Leasehold with share of freehold
Years remaining - 968
Annual Service Charge - £1800
Annual Ground Rent - £12

Agent Details

Hunters, Carshalton

020 3835 4617

Next Steps?

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

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2 Bed Flat, Single Let, Wallington, SM6 8BG, £287,500

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents