3 Bed Terraced House, Single Let, London, SW16 3ER, £500,000

Gibson's Hill, London, SW16 3ER - 5 months ago

Sold STC

Leasehold

BTL

ROI: 1%

~86 m²

+15 photos

ValuationUndervalued

Sold Prices	£445K - £875K
Sold Prices/m²	£4.9K/m² - £9.2K/m²

Square Metres	~85.60 m²
Price/m²	£5.8K/m²
Value Estimate	£524,906£524,906
BMV	5%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£153,700£153,700

Cash Out
Rent Range	£1,800 - £4,000£1,800 - £4,000
Rent Estimate	£2,100
Running Costs/mo	£2,003£2,003
Cashflow/mo	£98£98
Cashflow/yr	£1,170£1,170
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £445K to £875K, average is £617.1K. £4.9K/m² to £9.2K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£500K	04/23	0.05 mi	11, Leafield Close, London, Greater London SW16 3EZ	£5,814	86	3	Terraced House
£570K	04/21	0.11 mi	306, Beulah Hill, London, Greater London SE19 3HF	£6,064	94	3	Semi-Detached House
£600K	04/21	0.15 mi	11, Grecian Crescent, London, Greater London SE19 3HQ	£4,959	121	3	Semi-Detached House
£760K	11/22	0.17 mi	41, Grecian Crescent, London, Greater London SE19 3HJ	£7,525	101	3	Semi-Detached House
£550K	03/21	0.17 mi	43, Grecian Crescent, London, Greater London SE19 3HJ	£5,140	107	3	Semi-Detached House
£580K	06/21	0.19 mi	136, Biggin Hill, London, Greater London SE19 3HP	-	-	3	Semi-Detached House
£642K	11/20	0.2 mi	111, Queen Mary Road, London, Greater London SE19 3NL	£6,685	96	3	Terraced House
£610K	11/20	0.22 mi	116, Queen Mary Road, London, Greater London SE19 3NP	£5,865	104	3	Terraced House
£560.3K	04/21	0.23 mi	80, Moore Road, London, Greater London SE19 3RA	£7,183	78	3	Semi-Detached House
£712.5K	04/21	0.24 mi	90, Christian Fields, London, Greater London SW16 3JX	-	-	3	Semi-Detached House
£612K	06/23	0.24 mi	72, Christian Fields, London, Greater London SW16 3JX	£5,016	122	3	Semi-Detached House
£570K	09/21	0.26 mi	25, White Lodge, London, Greater London SE19 3HR	-	-	3	Detached House
£740K	07/23	0.26 mi	59, Christian Fields, London, Greater London SW16 3JU	-	-	3	Detached House
£450K	11/20	0.29 mi	74, Bradley Road, London, Greater London SE19 3NS	£5,294	85	3	Terraced House
£625K	11/22	0.29 mi	26, Bradley Road, London, Greater London SE19 3NS	£7,622	82	3	Semi-Detached House
£632K	06/21	0.32 mi	48, Crown Dale, London, Greater London SE19 3NR	£6,320	100	3	Semi-Detached House
£510K	06/21	0.33 mi	24, Lakeview Road, London, Greater London SE27 0QJ	£5,795	88	3	Semi-Detached House
£445K	05/21	0.33 mi	58, Biggin Hill, London, Greater London SE19 3HU	-	-	3	Terraced House
£580K	04/21	0.33 mi	48, Covington Way, London, Greater London SW16 3SQ	-	-	3	Semi-Detached House
£595K	04/23	0.34 mi	63, Covington Way, London, Greater London SW16 3SF	-	-	3	Terraced House
£511.5K	04/21	0.36 mi	30, Wedgwood Way, London, Greater London SE19 3ES	-	-	3	Detached House
£740K	06/21	0.37 mi	33, Gibsons Hill, London, Greater London SW16 3JR	-	-	3	Semi-Detached House
£684K	03/21	0.37 mi	38, Greenhurst Road, London, Greater London SE27 0LH	£7,600	90	3	Terraced House
£711.5K	06/21	0.38 mi	18, Gibsons Hill, London, Greater London SW16 3JP	-	-	3	Semi-Detached House
£622.3K	03/21	0.38 mi	28, Gibsons Hill, London, Greater London SW16 3JP	£6,232	100	3	Semi-Detached House
£640K	02/23	0.38 mi	36, Norbury Hill, London, Greater London SW16 3LB	-	-	3	Semi-Detached House
£650K	03/21	0.39 mi	4, Covington Gardens, London, Greater London SW16 3SE	£6,132	106	3	Semi-Detached House
£566K	12/20	0.39 mi	6, Covington Gardens, London, Greater London SW16 3SE	£6,152	92	3	Semi-Detached House
£570K	11/20	0.4 mi	49, Norbury Hill, London, Greater London SW16 3LA	£6,264	91	3	Semi-Detached House
£630.5K	01/22	0.4 mi	12, Wedgwood Way, London, Greater London SE19 3ES	£5,580	113	3	Detached House
£760K	06/21	0.4 mi	32, Christian Fields, London, Greater London SW16 3JZ	-	-	3	Semi-Detached House
£630K	07/23	0.4 mi	3, Bigginwood Road, London, Greater London SW16 3RY	£5,833	108	3	Semi-Detached House
£590K	01/22	0.4 mi	39, Biggin Way, London, Greater London SE19 3XF	£6,484	91	3	Detached House
£670K	07/23	0.41 mi	147, Tivoli Road, London, Greater London SE27 0EE	£8,816	76	3	Semi-Detached House
£475K	02/21	0.41 mi	28, Biggin Hill, London, Greater London SE19 3HY	£5,163	92	3	Terraced House
£700K	04/21	0.42 mi	20, Dassett Road, London, Greater London SE27 0UG	£6,364	110	3	Terraced House
£710K	03/21	0.42 mi	56, Dassett Road, London, Greater London SE27 0UG	£7,100	100	3	Terraced House
£610K	06/23	0.42 mi	64, Dassett Road, London, Greater London SE27 0UG	-	-	3	Terraced House
£505K	02/23	0.42 mi	141, Biggin Hill, London, Greater London SE19 3HX	£6,012	84	3	Terraced House
£763.2K	12/20	0.42 mi	17, Greenhurst Road, London, Greater London SE27 0LH	£7,002	109	3	Semi-Detached House
£590K	03/21	0.43 mi	14, Croft Road, London, Greater London SW16 3NF	£4,958	119	3	Semi-Detached House
£658K	04/21	0.43 mi	50, Croft Road, London, Greater London SW16 3NF	-	-	3	Detached House
£735K	03/21	0.43 mi	31, Crescent Way, London, Greater London SW16 3AL	£6,208	118	3	Semi-Detached House
£875K	09/23	0.43 mi	13, Downsview Road, London, Greater London SE19 3XD	-	-	3	Detached House
£795K	04/21	0.44 mi	1, Dassett Road, London, Greater London SE27 0UF	£6,913	115	3	Terraced House
£800K	08/23	0.44 mi	45, Dassett Road, London, Greater London SE27 0UF	£9,158	87	3	Terraced House
£537.5K	08/21	0.44 mi	155, Biggin Hill, London, Greater London SE19 3HX	-	-	3	Semi-Detached House
£603K	10/22	0.44 mi	133, Biggin Hill, London, Greater London SE19 3HX	-	-	3	Terraced House
£520K	11/20	0.44 mi	115, Biggin Hill, London, Greater London SE19 3HX	£4,860	107	3	Terraced House
£655K	12/20	0.44 mi	22, Pytchley Crescent, London, Greater London SE19 3QT	£6,298	104	3	Detached House

Local Rents

37 rents from £1.8K/mo to £4K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,495	08/24	0.1 mi	Preston Road, London	3	Terraced House
£2,495	08/24	0.1 mi	Preston Road, London	3	Terraced House
£4,000	09/24	0.16 mi	-	3	Detached House
£2,300	08/24	0.23 mi	Beulah Hill, LONDON	3	Flat
£2,000	08/24	0.23 mi	Queen Mary Road, Upper Norwood, London, SE19	3	Flat
£3,000	09/24	0.28 mi	-	3	Semi-Detached House
£2,400	01/25	0.34 mi	-	3	Flat
£2,600	01/25	0.34 mi	-	3	Flat
£2,900	04/25	0.35 mi	-	3	Terraced House
£2,600	04/25	0.35 mi	-	3	Terraced House
£2,500	08/24	0.41 mi	Tivoli Road, Knight's Hill, SE27	3	Flat
£3,000	09/24	0.41 mi	-	3	Semi-Detached House
£2,195	08/24	0.41 mi	Biggin Hill Road	3	Terraced House
£2,100	08/24	0.42 mi	Dassett Road West Norwood SE27	3	Flat
£3,200	08/24	0.43 mi	Downsview Road, London, SE19	3	Flat
£2,350	01/25	0.48 mi	-	3	Semi-Detached House
£3,500	09/24	0.49 mi	Cheviot Road, West Norwood, London, SE27	3	House
£2,800	01/25	0.49 mi	-	3	Semi-Detached House
£2,200	09/24	0.5 mi	Courtland Avenue, Norbury	3	Terraced House
£2,900	08/24	0.51 mi	Casewick Road, West Norwood, London, SE27	3	Terraced House
£2,100	08/24	0.52 mi	The Woodlands London SE19	3	Flat
£2,600	08/24	0.52 mi	-	3	Terraced House
£2,100	08/24	0.52 mi	-	3	Flat
£2,300	08/24	0.52 mi	The Woodlands, Upper Norwood, London, SE19	3	Flat
£2,500	08/24	0.53 mi	Ladas Road, West Norwood, London, SE27	3	Terraced House
£2,850	09/24	0.54 mi	Streatham Common North, Streatham Common, London, SW16	3	Flat
£2,500	08/24	0.55 mi	Elder Road , Norwood , London	3	House
£3,250	09/24	0.55 mi	-	3	Flat
£3,250	09/24	0.55 mi	-	3	Flat
£2,400	09/24	0.57 mi	Copley Park, LONDON	3	Flat
£2,800	11/24	0.58 mi	-	3	Flat
£2,800	12/24	0.58 mi	-	3	Flat
£2,900	02/25	0.58 mi	-	3	Flat
£1,800	08/24	0.58 mi	Priory Crescent , Upper Norwood , London, SE19	3	Flat
£2,000	12/24	0.6 mi	-	3	Flat
£2,600	01/25	0.6 mi	-	3	Flat
£1,950	02/25	0.62 mi	-	3	Flat

Local Area Statistics

Population in SW16	81,54381,543
Population in London	4,771,9214,771,921
Town centre distance	7.47 miles away7.47 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.83 miles away0.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Price changed to £500,000

January 7, 2025

Listed for £525,000

November 15, 2024

Floor Plans

Description

Built in 2022 +
Open plan Kitchen/Reception room +
Three good sized bedrooms +
Roof Terrace with far reaching Southerly views +
Parking Space +
Lift +
Communal Gardens +
Close to Norwood Grove & Streatham Commons +
Bathroom & En Suite Shower room +

The apartment is situated on the second floor of this recently built development. The principal bedroom benefits from a luxurious en-suite bathroom and all of the bedrooms are a good size and a family bathroom. The contemporary open plan kitchen has a fantastic finish and is fully-fitted with energy-efficient, high specification appliances with bespoke cabinetry and Arctic White quartz worktops. The living space is spacious and bright, and it opens out to the large private terrace with far reaching southerly views and overlooking a communal gardens. A parking space, lift, video entryphone system and high security locks.

The property is ideally located for purchasers looking for accessible green spaces, with Norwood Grove and Norwood Park and the Rookery Gardens. There are a wealth of amenities such as restaurants, bars and shops towards West Norwood station.

Leasehold: 248 years remaining
Council Tax Band: E
Croydon Borough Council

Agent Details

Moveli, London & Country

020 3906 1015

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.

Under Offer

3 Bed House, Single Let, London, SW16 3EP

£685,000

a year ago • 93 m²

2 Bed Flat, Single Let, London, SE19 3HF

£450,000

3 months ago • 142 m²

Auction

5 Bed House, Single Let, London, SW16 3EX

£900,000

17 days ago • 169 m²

2 Bed Flat, Single Let, London, SW16 3ET

£300,000

3 views • 2 months ago • 68 m²