2 Bed Flat, Single Let, SM5 4PF £240,000

3 Radcliffe Gardens, Carshalton, SM5 4PF - a year ago

Under Offer

Leasehold

BTL

ROI: 6%

~69 m²

ValuationUndervalued

Sold Prices	£155K - £480K
Sold Prices/m²	£2.4K/m² - £7.2K/m²

Square Metres	~68.50 m²
Price/m²	£3.5K/m²
Value Estimate	£297,600£297,600
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£75,500£75,500

Cash Out
Rent Range	£975 - £2,500£975 - £2,500
Rent Estimate	£1,415
Running Costs/mo	£1,053£1,053
Cashflow/mo	£362£362
Cashflow/yr	£4,344£4,344
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £155K to £480K, average is £335K. £2.4K/m² to £7.2K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	03/25	0.29 mi	33, Courtney Crescent, Carshalton SM5 4NA	£2,870	54	2	Flat
£350K	03/25	0.31 mi	59, Courtney Crescent, Carshalton SM5 4NA	£5,738	61	2	Flat
£350K	03/25	0.31 mi	59, Courtney Crescent, Carshalton SM5 4NA	-	-	2	Flat
£330K	03/25	0.39 mi	31 Hazel Court, Flat 8, Diamond Jubilee Way, Carshalton SM5 4AS	£4,853	68	2	Flat
£330K	03/25	0.39 mi	Flat 8, 31 Hazel Court, Diamond Jubilee Way, Carshalton SM5 4AS	-	-	2	Flat
£365K	04/25	0.39 mi	Flat 5, 70 72, Mayfield Road, Sutton SM2 5DT	£5,069	72	2	Flat
£365K	04/25	0.39 mi	Flat 5, 70 72, Mayfield Road, Sutton SM2 5DT	-	-	2	Flat
£250K	03/23	0.41 mi	155, Albion Road, Sutton, Greater London SM2 5TD	£3,623	69	2	Flat
£340K	08/23	0.43 mi	56, Albion Road, Sutton, Greater London SM2 5TE	£5,763	59	2	Flat
£316K	03/25	0.45 mi	197, Albion Road, Sutton SM2 5TD	£4,716	67	2	Flat
£316K	03/25	0.45 mi	197, Albion Road, Sutton SM2 5TD	-	-	2	Flat
£290K	07/25	0.51 mi	103, Stanley Road, Carshalton SM5 4LW	-	-	2	Flat
£297K	07/23	0.52 mi	Flat 24, Tranmere Court, Langley Park Road, Sutton, Greater London SM2 5HE	£4,641	64	2	Flat
£397.5K	03/25	0.55 mi	59 Cheyne Court, Flat 6, Christchurch Park, Sutton SM2 5TX	£5,599	71	2	Flat
£364K	03/25	0.55 mi	Flat 4, 59 Cheyne Court, Christchurch Park, Sutton SM2 5TX	-	-	2	Flat
£340K	12/21	0.56 mi	5, White Lodge Close, Sutton, Greater London SM2 5TQ	£4,198	81	2	Flat
£385K	08/23	0.56 mi	17, White Lodge Close, Sutton, Greater London SM2 5TQ	£5,066	76	2	Flat
£396K	02/23	0.57 mi	69, White Lodge Close, Sutton, Greater London SM2 5TP	£4,889	81	2	Flat
£335K	03/25	0.59 mi	51 Jubilee Court, Flat 7, Eaton Road, Sutton SM2 5AQ	£5,583	60	2	Flat
£355K	02/25	0.61 mi	Foxley Court, 8, Christchurch Park, Sutton SM2 5UE	£4,551	78	2	Flat
£372.5K	03/25	0.64 mi	6, 48 Lynton Court, Cedar Road, Sutton SM2 5DL	-	-	2	Flat
£350K	11/22	0.65 mi	1a, Park Hill, Carshalton, Greater London SM5 3RS	£4,268	82	2	Flat
£295K	03/23	0.65 mi	28, Ambleside Gardens, Sutton, Greater London SM2 5ES	-	-	2	Flat
£370K	03/25	0.66 mi	Flat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD	£5,606	66	2	Flat
£370K	03/25	0.66 mi	Flat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD	-	-	2	Flat
£388.8K	01/25	0.69 mi	Devonshire House, Flat 36, Devonshire Avenue, Sutton SM2 5JJ	£5,475	71	2	Flat
£345.5K	06/23	0.7 mi	214, Carshalton Road, Sutton, Greater London SM1 4SA	£5,758	60	2	Flat
£418.5K	10/23	0.7 mi	218, Carshalton Road, Sutton, Greater London SM1 4SA	-	-	2	Flat
£330K	05/25	0.71 mi	Flat 22, Devonshire House, Devonshire Avenue, Sutton SM2 5JJ	£5,156	64	2	Flat
£330K	05/25	0.71 mi	Flat 22, Devonshire House, Devonshire Avenue, Sutton SM2 5JJ	-	-	2	Flat
£480K	03/25	0.71 mi	Elmhurst Lodge, 7, Christchurch Park, Sutton SM2 5TY	£4,103	117	2	Flat
£335K	03/23	0.71 mi	Flat 42, Devonshire House, Devonshire Avenue, Sutton, Greater London SM2 5JJ	-	-	2	Flat
£363K	03/25	0.73 mi	Flat 11, Devonshire House, Devonshire Avenue, Sutton SM2 5JJ	£5,585	65	2	Flat
£266.7K	02/23	0.74 mi	14, Relko Gardens, Sutton, Greater London SM1 4TJ	£4,849	55	2	Flat
£240K	09/21	0.75 mi	Middle Flat, 117, Carshalton Road, Sutton, Greater London SM1 4LL	-	-	2	Flat
£320K	07/25	0.77 mi	Flat 5, 3, Croft Road, Sutton SM1 4NE	-	-	2	Flat
£280K	05/25	0.77 mi	6, 85 Avondale Court, Brighton Road, Sutton SM2 5TR	£4,000	70	2	Flat
£280K	05/25	0.77 mi	6, 85 Avondale Court, Brighton Road, Sutton SM2 5TR	-	-	2	Flat
£375K	03/25	0.78 mi	7, 73 Melton Court, Brighton Road, Sutton SM2 5BU	£6,818	55	2	Flat
£418K	03/25	0.78 mi	2d, Victoria Road, Sutton SM1 4RT	£7,207	58	2	Flat
£295K	11/23	0.82 mi	5a, Rossdale, Sutton, Greater London SM1 4JU	£5,364	55	2	Flat
£323K	01/25	0.83 mi	Alford Court, 19, Bonchurch Close, Sutton SM2 6AY	£4,486	72	2	Flat
£335K	05/25	0.83 mi	36, Alford Court, Bonchurch Close, Sutton SM2 6AY	£4,718	71	2	Flat
£335K	05/25	0.83 mi	36, Alford Court, Bonchurch Close, Sutton SM2 6AY	-	-	2	Flat
£367K	03/25	0.83 mi	120a, Carshalton Road, Sutton SM1 4RL	£6,554	56	2	Flat
£185K	03/25	0.84 mi	15, Leith Towers, Grange Vale, Sutton SM2 5BY	£2,378	78	2	Flat
£315K	04/25	0.85 mi	19, Montana Gardens, Sutton SM1 4FP	£5,431	58	2	Flat
£315K	04/25	0.85 mi	19, Montana Gardens, Sutton SM1 4FP	-	-	2	Flat
£375K	07/23	0.86 mi	9, Basildon Close, Sutton, Greater London SM2 5QJ	£5,425	69	2	Flat
£257K	08/23	0.87 mi	17, Westmoreland Drive, Sutton, Greater London SM2 6AA	£3,954	65	2	Flat

Local Rents

48 rents from £975/mo to £2.5K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	08/24	0.32 mi	Crossways, SM2	2	Flat
£975	07/25	0.36 mi	Gordon Road, Carshalton Beeches, Surrey	2	Flat
£1,650	08/25	0.38 mi	Marigold Court, Fountain Drive	2	Flat
£1,750	05/25	0.39 mi	Albion Road, Sutton, SM2	2	Flat
£2,100	09/24	0.39 mi	Upland Road, Sutton, Surrey, SM2	2	Detached House
£1,550	10/25	0.41 mi	Albion Road, Sutton, SM2	2	Flat
£1,550	10/25	0.41 mi	-	2	Flat
£2,000	07/25	0.41 mi	Albion Road, Sutton	2	Flat
£1,750	07/25	0.41 mi	Albion Road Sutton SM2	2	Flat
£2,195	11/25	0.41 mi	Diamond Jubilee Way, Carshalton, SM5	2	Terraced House
£1,725	06/25	0.42 mi	Albion Road, Sutton, SM2	2	Flat
£1,725	08/25	0.42 mi	-	2	Flat
£2,000	11/25	0.42 mi	Park Hill, Carshalton, Greater London, SM5	2	Flat
£1,699	08/25	0.43 mi	Albion Road, Sutton, Surrey, SM2	2	Flat
£1,650	06/25	0.43 mi	Albion Road Sutton SM2	2	Flat
£1,700	08/24	0.45 mi	Forelle Way, Carshalton Beeches, Carshalton, SM5	2	Flat
£1,700	07/25	0.45 mi	Forelle Way, Carshalton, SM5	2	Flat
£1,650	10/25	0.45 mi	Forelle Way, Carshalton, SM5	2	Flat
£1,475	06/25	0.46 mi	Albion Road, Sutton, Surrey, SM2	2	Flat
£1,900	10/25	0.46 mi	North Avenue, SM5	2	House
£2,500	04/25	0.47 mi	-	2	Semi-Detached House
£2,100	06/25	0.47 mi	Albion Road Sutton SM2	2	Bungalow
£1,500	08/24	0.47 mi	Alexandra Gardens, Stanley Road, Carshalton, SM5	2	Flat
£995	08/25	0.47 mi	New Colebrooke Court, Carshalton, London, SM5	2	Flat
£1,500	01/25	0.48 mi	-	2	Flat
£1,500	09/24	0.48 mi	Stanley Road, CARSHALTON	2	Flat
£1,600	11/25	0.48 mi	New Colebrooke Court, Carshalton, SM5	2	Flat
£1,595	11/25	0.48 mi	-	2	Flat
£2,000	09/25	0.49 mi	Upland Road, Sutton	2	Detached House
£1,750	07/25	0.51 mi	23 Albion Road, Sutton	2	Flat
£1,650	08/25	0.52 mi	Egmont Road, Sutton, SM2	2	Flat
£1,750	09/25	0.52 mi	Albion Road, Sutton, SM2	2	Flat
£1,500	09/24	0.53 mi	Egmont Road, SUTTON	2	Flat
£1,600	08/25	0.53 mi	Egmont Road Sutton SM2	2	Flat
£1,875	11/24	0.53 mi	-	2	Flat
£1,920	10/25	0.53 mi	-	2	Flat
£1,600	10/25	0.54 mi	-	2	Terraced House
£1,500	06/25	0.55 mi	Devonshire Road, Sutton, SM2	2	Flat
£1,600	09/25	0.55 mi	Devonshire Road, Sutton, Surrey, SM2	2	Flat
£1,695	06/25	0.55 mi	-	2	Flat
£1,850	10/25	0.55 mi	-	2	Flat
£1,850	10/25	0.55 mi	Christchurch Park, Sutton, SM2	2	Flat
£1,800	09/24	0.56 mi	-	2	Flat
£1,800	02/25	0.56 mi	-	2	Flat
£1,850	09/24	0.56 mi	Christchurch Park, Sutton, SM2	2	Flat
£1,600	08/24	0.56 mi	Stanley Road, Carshalton, SM5	2	Flat
£1,800	08/25	0.56 mi	Devonshire Road, Sutton, SM2	2	Flat
£1,775	02/25	0.56 mi	-	2	Flat

Local Area Statistics

Population in SM5	37,96237,962
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £240,000

October 28, 2024

Floor Plans

Description

*NO ONWARD CHAIN* Located in the desirable Carshalton Beeches development, you’ll discover this ground floor, purpose-built apartment with two spacious double bedrooms. Within minutes, you’ll find the Carshalton Beeches train station, local shops, restaurants, and various amenities. The apartment’s interior boasts a 19ft lounge, a 20ft kitchen/diner, and a modern bathroom. Step outside to enjoy the well kept communal gardens as well as residents parking.

Additionally, this location offers access to excellent local schools and convenient bus routes. To secure your viewing, call Watson Homes today!

Accommodation - Security entry phone system and door to..
Communal entrance

Composite front door to..

Spacious entrance hall
Wood laminate flooring, wall mounted heater, coved ceiling and ceiling roses, cupboard housing hot water tank and further storage cupboard, UPVC double glazed window to front aspect.

Lounge
UPVC double glazed windows to rear and side aspects, fitted storage cupboards, coved ceiling and ceiling roses, coal effect fireplace with brick surround.

Kitchen/breakfast room
Range of fitted wall units with matching cupboards and drawers below, roll top work surfaces with inlaid stainless steel sink and chrome mixer tap, inlaid gas hob with extractor fan above, space and plumbing for washing machine, space for tall standing fridge/freezer, Karndean flooring and archway to breakfast area with double glazed window to rear aspect.

Bedroom one
UPVC double glazed window to rear aspect, fitted wardrobes and dressing table, decorative coving, wall mounted heater.

Bedroom two
UPVC double glazed window to rear aspect, wall mounted heater, decorative coving and ceiling rose.

Bathroom
Consisting of tiled cubicle with thermostatic shower, wash hand basin with chrome mixer tap and storage cupboard below, low level pushbutton flush WC, Karndean flooring, tiled walls, obscure UPVC double glazed window to front aspect.

Outside
Well, kept communal grounds and resident parking

Agent Details

Watson Homes, Carshalton

020 3840 3663

Next Steps?

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

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