2 Bed Flat, Single Let, Wallington, SM6 0HN, £250,000

Holmwood Gardens, Wallington, SM6 0HN - 6 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£305,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,350 - £2,300

Rent Estimate

£1,450

Running Costs/mo

£1,091

Cashflow/mo

£359

Cashflow/yr

£4,305

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £132.5K to £646K, average is £317.5K. £1.9K/m² to £6.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£272.5K12/200.15 miFlat 33, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£255K07/230.16 miFlat 25, Hendfield Court, Beddington Gardens, Wallington, Greater London SM6 0JQ2
£345K02/210.2 mi33, Grosvenor Road, Wallington, Greater London SM6 0EN2
£190K10/210.27 miFlat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£340K03/230.31 mi13a, Cranley Gardens, Wallington, Greater London SM6 9PR2
£321K11/200.36 miTop Floor Flat, 33, Park Lane, Carshalton, Greater London SM5 3EE2
£395K01/230.36 miGround Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE2
£330K03/210.36 mi65a, Park Lane, Carshalton, Greater London SM5 3EE2
£230K01/230.36 miFlat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG2
£430K09/210.4 miFlat B, 16, Belmont Road, Wallington, Greater London SM6 8TB2
£335K06/230.41 mi6, Spring Gardens, Wallington, Greater London SM6 8SW2
£340K06/210.48 mi45, Park Road, Wallington, Greater London SM6 8AA2
£348K08/230.48 mi24, Marchmont Road, Wallington, Greater London SM6 9NU2
£347.5K07/230.49 mi24, Bute Gardens West, Wallington, Greater London SM6 8SR2
£315K12/200.49 mi17, Stanhope Road, Carshalton, Greater London SM5 4LH2
£141K01/210.49 mi25, Bute Court, Wallington, Greater London SM6 8AG2
£287K02/210.5 mi4, Queens Close, Wallington, Greater London SM6 0AQ2
£302K04/210.5 mi6, Queens Close, Wallington, Greater London SM6 0AQ2
£300K10/210.5 mi9, Queens Close, Wallington, Greater London SM6 0AQ2
£325K01/210.52 mi13, Ruskin Road, Carshalton, Greater London SM5 3DD2
£327K11/200.52 mi13a, Ruskin Road, Carshalton, Greater London SM5 3DD2
£325K03/230.55 mi59, Freshwood Way, Wallington, Greater London SM6 0RL2
£365K03/210.57 mi17, Salisbury Road, Carshalton, Greater London SM5 3HA2
£297.5K06/210.58 mi57, Lavender Road, Carshalton, Greater London SM5 3EF2
£350K02/230.58 mi18, Lavender Road, Carshalton, Greater London SM5 3EF2
£295K06/210.62 mi37, Lavender Close, Carshalton, Greater London SM5 3EH2
£295K06/210.62 mi13, Lavender Close, Carshalton, Greater London SM5 3EH2
£297.5K04/210.62 mi23, Lavender Close, Carshalton, Greater London SM5 3EH2
£646K06/210.62 mi17, Ross Road, Wallington, Greater London SM6 8QN2
£285K03/210.63 mi153, Stanley Road, Carshalton, Greater London SM5 4LW2
£312K11/200.63 mi52a, Carshalton Park Road, Carshalton, Greater London SM5 3SS2
£375K02/230.67 mi24, Beacon Grove, Carshalton, Greater London SM5 3BA2
£305K10/200.68 mi27, Beynon Road, Carshalton, Greater London SM5 3RW2
£300K02/210.68 mi26, Beynon Road, Carshalton, Greater London SM5 3RW2
£260K02/210.69 miFlat 11, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£260K03/210.69 miFlat 18, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K04/210.69 miFlat 19, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£268K08/210.7 miFlat 10, Harcourt Lodge, Croydon Road, Wallington, Greater London SM6 7PB2
£350K11/220.75 mi1a, Park Hill, Carshalton, Greater London SM5 3RS2
£290K10/200.75 mi9, Hanno Close, Wallington, Greater London SM6 9BZ2
£320K05/210.87 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£345K05/230.87 mi14, Bond Gardens, Wallington, Greater London SM6 7LP2
£279K10/210.87 mi16a, Butter Hill, Wallington, Greater London SM6 7JD2
£355K04/230.87 mi16, Butter Hill, Wallington, Greater London SM6 7JD2
£132.5K11/200.9 mi22, Brown Close, Wallington, Greater London SM6 9ER2
£342K10/210.9 mi31, Sycamore Close, Carshalton, Greater London SM5 2PS2
£329K02/210.9 mi20, Sycamore Close, Carshalton, Greater London SM5 2PS2
£322K03/210.9 mi4, Sycamore Close, Carshalton, Greater London SM5 2PS2
£335K06/210.92 mi34, North Street, Carshalton, Greater London SM5 2JD2
£140K05/210.92 mi41, Brown Close, Wallington, Greater London SM6 9ER2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55002/240.01 mi-2
£1,60011/240.02 mi-2
£1,60009/240.03 miHolmwood Gardens, Wallington, SM62
£1,50008/240.1 miStanley Park Road, Wallington, SM62
£1,60010/240.1 mi-2
£1,80009/240.13 miStanley Park Road2
£1,85002/240.15 mi-2
£1,65009/240.16 miJasmine Court, Wallington, SM62
£1,65009/240.16 mi-2
£1,50009/240.16 miWoodcote Road, Wallington, SM62
£1,60009/240.17 miBeddington Gardens, Wallington, SM62
£1,75009/240.19 miCavalier Close, Wallington, SM62
£1,47508/240.21 miWoodcote Road, Wallington, SM62
£1,55008/240.22 mi-2
£1,65010/240.22 mi-2
£1,60009/240.22 mi-2
£1,85001/250.23 mi-2
£1,45008/240.24 miClarendon Road, WALLINGTON2
£1,35008/240.24 miRosemount Clarendon Road Wallington SM6 8RW2
£1,50008/240.24 miCavalier Close Wallington SM62
£1,47508/240.26 miGrosvenor Road, WALLINGTON2
£1,45008/240.28 mi91 Manor Road, Wallington2
£1,65009/240.28 miManor Road Wallington SM62
£1,50009/240.3 miCanon Court, 91 Manor Road, Wallington, SM62
£1,50002/240.3 miMelbourne Road, Wallington, Surrey, SM62
£2,30008/240.3 mi-2
£1,60004/250.31 mi-2
£1,90009/240.35 miStafford Road, Wallington, SM62
£1,90010/240.35 mi-2
£1,60009/240.37 mi-2
£1,60004/250.38 mi-2
£1,50009/240.4 miBelmont Road, WALLINGTON2
£1,40004/250.41 mi-2
£1,58002/250.42 mi-2
£1,64509/240.42 miWoodcote Road, WALLINGTON2
£1,75008/240.42 miStafford Road, Wallington, Surrey, SM62
£1,45009/240.43 mi-2
£1,50009/240.46 mi17 Parkgate Road, Wallington, SM62
£1,80008/240.46 mi-2
£1,80008/240.46 mi-2
£1,50008/240.47 miParkgate Road, Wallington, SM62
£1,65009/240.47 mi-2
£1,45010/240.49 mi-2
£1,40008/240.49 miBute Court, Bute Road, Wallington, SM62
£1,60009/240.51 miMaldon Road, Wallington2
£1,50008/240.54 mi-2
£1,50002/250.54 mi-2
£1,50001/250.54 mi-2
£1,45008/240.54 miStafford Road, WALLINGTON2
£1,50009/240.54 miStafford Road, WALLINGTON2

Local Area Statistics

Population in SM6

36,166

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £250,000

November 6, 2024

Floor Plans

Description

  • Reduced for a Quick Sale +
  • Viewing by appointment +
  • Chain free +
  • New lease +

We are pleased to market this two bedroom 2nd floor apartment which will come with the benefit of a new lease.

2 bedroom apartment
Some work required
Large reception room with 2 double size bedrooms
Fitted kitchen
Loft storage
Garage and off-street parking
Communal Garden
Close to Wallington station

Features large reception room, separate fitted kitchen, bathroom, Garage, residents' off-street parking and communal Gardens.

The property is situated close to a number of local schools and a short distance to the varied shops, eateries and transport links within Wallington. Moments from the open space of Beddington Park.

Ground rent - £100 p.a
Service charge - £140 pcm

Agent Details

Homesale Solutions, Nationwide

020 3948 3968

Next Steps?

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