2 Bed Flat, Single Let, London, SW11 1JW, £550,000

247-249 Lavender Hill, London, SW11, SW11 1JW - 1 views - 5 months ago

Leasehold

BTL

61 m²

+8 photos

ValuationUndervalued

Sold Prices	£200K - £1.1M
Sold Prices/m²	£5.3K/m² - £33.4K/m²

Square Metres	61 m²
Price/m²	£9K/m²
Value Estimate	£614,766£614,766
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£32,700£32,700
Total Cash In	£170,200£170,200

Cash Out
Rent Range	£1,800 - £6,200£1,800 - £6,200
Rent Estimate	£2,000
Running Costs/mo	£2,139£2,139
Cashflow/mo	£-139£-139
Cashflow/yr	£-1,665£-1,665
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £200K to £1.1M, average is £632.5K. £5.3K/m² to £33.4K/m², average is £10.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£645K	11/20	0.08 mi	12, Kathleen Road, London, Greater London SW11 2JS	£10,078	64	2	Flat
£815K	06/21	0.11 mi	58b, Dorothy Road, London, Greater London SW11 2JP	£10,524	77	2	Flat
£665K	09/21	0.11 mi	34b, Dorothy Road, London, Greater London SW11 2JP	£16,335	41	2	Flat
£495K	02/23	0.14 mi	19c, Sisters Avenue, London, Greater London SW11 5SP	-	-	2	Flat
£710K	01/21	0.15 mi	55a, Parma Crescent, London, Greater London SW11 1LU	£11,452	62	2	Flat
£637K	09/21	0.16 mi	113, Elspeth Road, London, Greater London SW11 1DP	-	-	2	Flat
£610K	01/21	0.16 mi	Ground Floor Flat At, 30, Eccles Road, London, Greater London SW11 1LZ	-	-	2	Flat
£625K	09/23	0.17 mi	138b, Lavender Hill, London, Greater London SW11 5RA	£9,305	67	2	Flat
£200K	11/23	0.18 mi	125a, Lavender Sweep, London, Greater London SW11 1EA	-	-	2	Flat
£470K	01/21	0.19 mi	8b, Mossbury Road, London, Greater London SW11 2PB	-	-	2	Flat
£675K	06/21	0.19 mi	94a, Mysore Road, London, Greater London SW11 5SA	-	-	2	Flat
£1.1M	05/23	0.21 mi	115, Clapham Common North Side, Clapham, London, Greater London SW4 9SW	-	-	2	Flat
£780K	02/21	0.22 mi	9, Barnard Road, London, Greater London SW11 1QT	£7,573	103	2	Flat
£745K	06/21	0.22 mi	4a, Marjorie Grove, London, Greater London SW11 5SJ	-	-	2	Flat
£550K	04/23	0.23 mi	Flat B, 12, Battersea Rise, London, Greater London SW11 1EE	£11,224	49	2	Flat
£412.5K	06/23	0.23 mi	20a, Battersea Rise, London, Greater London SW11 1EE	-	-	2	Flat
£950K	11/23	0.25 mi	57a, Sisters Avenue, London, Greater London SW11 5SW	£13,194	72	2	Flat
£655K	12/20	0.25 mi	5, Barnard Mews, London, Greater London SW11 1QU	£7,706	85	2	Flat
£665K	05/23	0.26 mi	57a, Battersea Rise, London, Greater London SW11 1HH	-	-	2	Flat
£525K	04/24	0.26 mi	18, Flat C, Barnard Mews, London, Greater London SW11 1QU	£21,464	24	2	Flat
£475K	10/23	0.27 mi	Flat C, 13, Leathwaite Road, London, Greater London SW11 1XG	-	-	2	Flat
£405K	11/21	0.31 mi	107, Gideon Road, London, Greater London SW11 5UU	£5,357	76	2	Flat
£815K	08/23	0.32 mi	4a, Comyn Road, London, Greater London SW11 1QD	-	-	2	Flat
£745K	06/23	0.32 mi	Flat A, 101, Clapham Common North Side, Clapham, London, Greater London SW4 9SQ	£10,555	71	2	Flat
£700K	06/21	0.33 mi	Flat B, 23, Aliwal Road, London, Greater London SW11 1RB	£12,500	56	2	Flat
£660K	10/23	0.33 mi	43a, Aliwal Road, London, Greater London SW11 1RB	-	-	2	Flat
£700K	04/23	0.33 mi	First Floor Flat, 1, Worcester Gardens, London, Greater London SW11 6LR	-	-	2	Flat
£495K	07/23	0.34 mi	Second Floor Flat, 57, Comyn Road, London, Greater London SW11 1QB	-	-	2	Flat
£393K	11/23	0.35 mi	167, Este Road, London, Greater London SW11 2TT	£5,311	74	2	Flat
£230.8K	09/23	0.35 mi	Flat 19, Shaftesbury Park Chambers, Ashbury Road, London, Greater London SW11 5UH	-	-	2	Flat
£630K	05/21	0.37 mi	73, Gowrie Road, London, Greater London SW11 5NN	£12,992	48	2	Flat
£715K	06/21	0.37 mi	34, Auckland Road, London, Greater London SW11 1EP	£9,366	76	2	Flat
£920K	04/23	0.37 mi	8a, Auckland Road, London, Greater London SW11 1EP	£8,682	106	2	Flat
£665K	12/20	0.39 mi	18, Fontarabia Road, London, Greater London SW11 5PF	£10,916	61	2	Flat
£650K	07/23	0.39 mi	33, Auckland Road, London, Greater London SW11 1EW	£17,639	37	2	Flat
£527.5K	01/21	0.4 mi	2c, Boutflower Road, London, Greater London SW11 1RE	£33,386	16	2	Flat
£310K	10/21	0.41 mi	Flat 17, Peregrine House, Sullivan Close, London, Greater London SW11 2NL	-	-	2	Flat
£852K	03/21	0.42 mi	Flat 1, 108, Clapham Common West Side, London, Greater London SW4 9AZ	£11,616	73	2	Flat
£750K	12/23	0.43 mi	First Floor Flat At, 72, Taybridge Road, London, Greater London SW11 5PT	-	-	2	Flat
£407.5K	01/21	0.46 mi	38b, Lavender Hill, London, Greater London SW11 5RL	£9,477	43	2	Flat
£575K	02/21	0.47 mi	15, Matthews Street, London, Greater London SW11 5AB	£8,846	65	2	Flat
£580K	04/21	0.47 mi	31, Matthews Street, London, Greater London SW11 5AB	£9,388	62	2	Flat
£950K	11/21	0.47 mi	73a, Clapham Common North Side, Clapham, London, Greater London SW4 9SB	-	-	2	Flat
£567.4K	05/23	0.48 mi	2, Freedom Street, London, Greater London SW11 5AQ	£9,456	60	2	Flat
£575K	09/21	0.48 mi	25, Odger Street, London, Greater London SW11 5AF	£8,712	66	2	Flat
£545K	10/23	0.5 mi	Ground Floor Flat, 159, Battersea Rise, London, Greater London SW11 1HP	£12,386	44	2	Flat
£415K	09/21	0.51 mi	4b, Latchmere Road, Battersea, London, Greater London SW11 2DX	-	-	2	Flat
£635K	07/23	0.51 mi	12b, Latchmere Road, Battersea, London, Greater London SW11 2DX	-	-	2	Flat
£590K	03/23	0.52 mi	62b, Belleville Road, London, Greater London SW11 6PP	£9,926	59	2	Flat
£625K	12/20	0.52 mi	50, Reform Street, London, Greater London SW11 5AJ	£9,921	63	2	Flat

Local Rents

50 rents from £1.8K/mo to £6.2K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	03/25	0.06 mi	-	2	Flat
£2,950	01/25	0.07 mi	-	2	Flat
£2,400	09/24	0.09 mi	Elspeth Road, Clapham Junction	2	Flat
£2,500	09/24	0.11 mi	-	2	Flat
£2,350	02/25	0.11 mi	-	2	Flat
£2,350	02/25	0.11 mi	-	2	Flat
£1,975	09/24	0.11 mi	Theatre Street, The Shaftesbury Estate, SW11	2	Flat
£2,100	09/24	0.11 mi	Theatre Street, The Shaftesbury Estate, SW11	2	Flat
£2,000	09/24	0.11 mi	Theatre Street, The Shaftesbury Estate, SW11	2	Flat
£6,200	09/24	0.11 mi	Dorothy Road	2	Flat
£2,700	09/24	0.12 mi	Dorothy Road, London, SW11	2	Flat
£2,300	09/24	0.13 mi	-	2	Flat
£2,500	02/25	0.13 mi	-	2	Flat
£2,400	04/25	0.14 mi	-	2	Flat
£2,350	03/25	0.14 mi	-	2	Flat
£3,200	09/24	0.14 mi	Sisters Avenue, SW11: 2 bed 1 rec 1 bath unfurn	2	Flat
£2,000	09/24	0.14 mi	Theatre Street, The Shaftesbury Estate, SW11	2	Flat
£2,350	02/25	0.14 mi	-	2	Flat
£2,150	09/24	0.15 mi	Theatre Street, The Shaftesbury Estate, SW11	2	Flat
£2,250	02/24	0.16 mi	-	2	Flat
£2,350	09/24	0.16 mi	-	2	Flat
£2,000	09/24	0.16 mi	Theatre Street, Battersea	2	Flat
£3,000	09/24	0.17 mi	The Shrubbery, 2 Lavender Gardens, London, SW11	2	Flat
£2,250	09/24	0.17 mi	Heathwall Street, Battersea, London, SW11	2	Flat
£2,400	09/24	0.17 mi	Lavender Hill, Clapham	2	Flat
£2,816	01/25	0.17 mi	-	2	Flat
£2,500	09/24	0.17 mi	Marjorie Grove, Battersea, London, SW11	2	Flat
£3,142	09/24	0.17 mi	31 Sisters Avenue, , LONDON	2	Flat
£2,817	11/24	0.18 mi	-	2	Flat
£2,850	09/24	0.18 mi	-	2	Flat
£2,700	03/25	0.18 mi	-	2	Flat
£2,200	09/24	0.19 mi	-	2	Flat
£3,680	01/25	0.19 mi	-	2	Flat
£4,200	04/25	0.19 mi	-	2	Flat
£2,950	09/24	0.19 mi	Mysore Road London SW11	2	Flat
£2,200	04/25	0.22 mi	-	2	Flat
£2,900	09/24	0.23 mi	-	2	Flat
£2,300	02/24	0.23 mi	-	2	Flat
£3,000	04/25	0.23 mi	-	2	Flat
£2,800	09/24	0.24 mi	-	2	Flat
£3,500	03/25	0.24 mi	-	2	Flat
£1,800	04/25	0.25 mi	-	2	Flat
£2,492	09/24	0.25 mi	Elsley Road, Battersea, London, SW11	2	Terraced House
£2,500	09/24	0.26 mi	Barnard Mews, Clapham, SW11	2	Flat
£2,100	09/24	0.26 mi	St. Johns Road Battersea London	2	Flat
£3,000	09/24	0.27 mi	-	2	Flat
£3,100	11/24	0.27 mi	-	2	Flat
£4,329	03/25	0.27 mi	-	2	Flat
£2,300	04/25	0.27 mi	-	2	Flat
£2,850	02/25	0.28 mi	-	2	Flat

Local Area Statistics

Population in SW11	70,15270,152
Population in London	4,771,9214,771,921
Town centre distance	5.05 miles away5.05 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+1%+1%

Property History

Listed for £550,000

November 18, 2024

Floor Plans

Description

Generous Two Bedroom Apartment +
Prime Lavender Hill Location +
Set On The First Floor Of A Period Building +
Well Presented Through Out +
Bright Living Room +
Two Bathrooms (En-Suite To Master) +
Moments From Clapham Junction +
Excellent Travel Links On Your Doorstep +

The Property
NO ONWARD CHAIN A generous two bedroom apartment located on the first floor of this period property, has the benefit of two bathrooms and very well presented through out. Well positioned between Lavender Gardens and Altenburg Gardens this property is conveniently located for all the shops, bars and restaurants found on Lavender Hill, and is within a stone’s throw of Clapham Junction and its transport links to the city.

To book your viewing instantly online 24/7 please visit the Purple Bricks website - purplebricks.co.uk

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 19/03/2207

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering South West London

020 3897 7789

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.

2 Bed Flat, Single Let, London, SW11 7DZ

£1,100,000

a month ago • 68 m²

Under Offer

2 Bed Flat, Single Let, London, SW11 1DJ

£800,000

3 months ago • 69 m²

3 Bed Flat, Single Let, London, SW11 2JS

£925,000

6 months ago • 93 m²

3 Bed House, Single Let, London, SW11 4GH

£2,500,000

9 months ago • 93 m²