2 Bed Flat, Single Let, Wallington, SM6 7BZ, £300,000

Helios Road, Hackbridge, Surrey, SM6 7BZ - 4 views - 5 months ago

Sold STC

BTL

ROI: 2%

~68 m²

+24 photos

ValuationUndervalued

Sold Prices	£150K - £367K
Sold Prices/m²	£3.7K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£358,951£358,951
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,200 - £2,400£1,200 - £2,400
Rent Estimate	£1,400
Running Costs/mo	£1,238£1,238
Cashflow/mo	£163£163
Cashflow/yr	£1,950£1,950
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £150K to £367K, average is £280K. £3.7K/m² to £7K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£237.5K	10/21	0.06 mi	Flat 5c, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS	-	-	2	Flat
£280K	04/23	0.06 mi	Flat 5f, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS	-	-	2	Flat
£305K	02/21	0.16 mi	9, New Road, Mitcham, Greater London CR4 4JN	£4,178	73	2	Flat
£302K	02/21	0.2 mi	25, Longfield Avenue, Wallington, Greater London SM6 7AZ	£5,808	52	2	Flat
£150K	05/23	0.2 mi	18, Percy Road, Mitcham, Greater London CR4 4JU	-	-	2	Flat
£280K	04/23	0.24 mi	2, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FE	£5,385	52	2	Flat
£275K	07/21	0.25 mi	6, Philips Close, Carshalton, Greater London SM5 2FE	£4,741	58	2	Flat
£260K	03/21	0.25 mi	12, Philips Close, Carshalton, Greater London SM5 2FE	-	-	2	Flat
£275K	01/23	0.25 mi	3, Philips Close, Carshalton, Greater London SM5 2FE	-	-	2	Flat
£260K	08/21	0.28 mi	88, New Road, Mitcham, Greater London CR4 4LT	£4,127	63	2	Flat
£295K	07/23	0.28 mi	100, New Road, Mitcham, Greater London CR4 4LT	£4,836	61	2	Flat
£240K	01/21	0.28 mi	76, New Road, Mitcham, Greater London CR4 4LT	£4,875	49	2	Flat
£260K	12/20	0.29 mi	163, Mullards Close, Mitcham, Greater London CR4 4FF	£4,815	54	2	Flat
£310K	11/22	0.29 mi	155, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FF	£4,559	68	2	Flat
£283K	07/23	0.29 mi	137, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD	£5,442	52	2	Flat
£290K	01/23	0.29 mi	90, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD	£4,524	64	2	Flat
£269.9K	01/23	0.29 mi	16, Reynolds Close, Carshalton, Greater London SM5 2AY	£6,584	41	2	Flat
£270K	07/21	0.3 mi	18, Reynolds Close, Carshalton, Greater London SM5 2AY	£6,585	41	2	Flat
£280K	01/21	0.3 mi	14, Reynolds Close, Carshalton, Greater London SM5 2AY	£5,833	48	2	Flat
£310K	02/21	0.3 mi	31, Reynolds Close, Carshalton, Greater London SM5 2AY	£5,849	53	2	Flat
£297K	03/23	0.3 mi	7, Reynolds Close, Carshalton, Greater London SM5 2AY	£5,712	52	2	Flat
£275K	12/20	0.32 mi	90, Reynolds Close, Carshalton, Greater London SM5 2AZ	£6,111	45	2	Flat
£272.5K	05/21	0.33 mi	66, Reynolds Close, Carshalton, Greater London SM5 2AZ	£5,561	49	2	Flat
£289K	03/23	0.34 mi	78, Reynolds Close, Carshalton, Greater London SM5 2AZ	£7,049	41	2	Flat
£270K	11/20	0.34 mi	68, Reynolds Close, Carshalton, Greater London SM5 2AZ	£5,889	46	2	Flat
£256.5K	02/21	0.36 mi	141, Culvers Avenue, Carshalton, Greater London SM5 2BA	£5,839	44	2	Flat
£285K	04/21	0.42 mi	56, Otter Drive, Carshalton, Greater London SM5 2FH	£4,914	58	2	Flat
£280K	06/21	0.45 mi	43, Millside, Carshalton, Greater London SM5 2BQ	£3,784	74	2	Flat
£274.5K	10/21	0.7 mi	61, Caraway Place, Wallington, Greater London SM6 7AG	£4,733	58	2	Flat
£276K	10/20	0.7 mi	59, Caraway Place, Wallington, Greater London SM6 7AG	£6,732	41	2	Flat
£330K	03/21	0.72 mi	48, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£4,648	71	2	Flat
£367K	10/23	0.73 mi	30, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£6,220	59	2	Flat
£335K	03/21	0.73 mi	18, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£5,038	67	2	Flat
£250K	04/21	0.73 mi	50, Devana End, Carshalton, Greater London SM5 2NL	£4,032	62	2	Flat
£270K	01/21	0.73 mi	28, Devana End, Carshalton, Greater London SM5 2NL	£4,500	60	2	Flat
£285K	08/21	0.75 mi	119a, Green Wrythe Lane, Carshalton, Greater London SM5 2ST	-	-	2	Flat
£285K	11/20	0.75 mi	129, Green Wrythe Lane, Carshalton, Greater London SM5 2ST	£5,700	50	2	Flat
£320K	03/23	0.77 mi	90, Denmark Road, Carshalton, Greater London SM5 2JW	£5,270	61	2	Flat
£335K	11/20	0.77 mi	80, Denmark Road, Carshalton, Greater London SM5 2JW	£6,442	52	2	Flat
£265K	07/21	0.79 mi	37, Tavern Close, Carshalton, Greater London SM5 1JE	£4,907	54	2	Flat
£244K	12/20	0.79 mi	19, Groveside Close, Carshalton, Greater London SM5 2EQ	£4,692	52	2	Flat
£321.3K	05/21	0.81 mi	Apartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT	-	-	2	Flat
£290K	06/21	0.82 mi	76, Green Wrythe Lane, Carshalton, Greater London SM5 2DP	£5,577	52	2	Flat
£267K	12/22	0.82 mi	82f, Green Wrythe Lane, Carshalton, Greater London SM5 2DP	£4,525	59	2	Flat
£225K	08/21	0.85 mi	24a, Green Wrythe Lane, Carshalton, Greater London SM5 2DW	£4,631	49	2	Flat
£279K	10/21	0.88 mi	16a, Butter Hill, Wallington, Greater London SM6 7JD	£3,720	75	2	Flat
£355K	04/23	0.88 mi	16, Butter Hill, Wallington, Greater London SM6 7JD	£5,917	60	2	Flat
£325K	11/22	0.89 mi	1, Dover Gardens, Carshalton, Greater London SM5 2LD	£5,508	59	2	Flat
£270K	01/21	0.94 mi	48, Shaftesbury Road, Carshalton, Greater London SM5 1HN	£5,000	54	2	Flat
£316K	10/20	0.98 mi	124a, West Street, Carshalton, Greater London SM5 2NR	£4,716	67	2	Flat

Local Rents

33 rents from £1.2K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0.08 mi	-	2	Semi-Detached House
£1,850	08/24	0.08 mi	Clover Way, Wallington, SM6	2	Detached House
£1,400	11/24	0.1 mi	-	2	Flat
£1,694	04/25	0.12 mi	-	2	Flat
£1,800	09/24	0.14 mi	Foxglove Way, Wallington, SM6	2	Terraced House
£1,600	02/24	0.17 mi	-	2	Semi-Detached House
£1,600	03/24	0.17 mi	Wolseley Road, Mitcham, CR4	2	Detached House
£1,750	12/24	0.22 mi	-	2	Flat
£2,000	11/24	0.22 mi	-	2	Flat
£1,650	09/24	0.22 mi	Saxon House, 170 London Road, WALLINGTON	2	Flat
£1,750	09/24	0.24 mi	London Road, Wallington, SM6	2	Flat
£1,699	02/24	0.24 mi	London Road, Wallington, Surrey. SM6	2	Flat
£1,500	03/24	0.24 mi	Close to Watercress Park	2	Flat
£1,200	01/25	0.26 mi	-	2	Flat
£1,600	03/24	0.26 mi	Oakdale Way, Mitcham, CR4	2	Flat
£1,600	03/24	0.26 mi	-	2	Terraced House
£1,400	03/24	0.28 mi	Mullards Close, Mitcham, CR4	2	Flat
£1,399	03/24	0.28 mi	Mullards Close, Hackbridge, Surrey, CR4	2	Flat
£1,750	03/24	0.28 mi	Mullards Close, Mitcham	2	Terraced House
£1,475	08/24	0.3 mi	Reynolds Close, CARSHALTON	2	Flat
£1,700	09/24	0.3 mi	London Road Wallington SM6	2	Flat
£1,850	01/25	0.32 mi	-	2	Flat
£1,400	01/25	0.32 mi	-	2	Flat
£1,850	09/24	0.32 mi	-	2	Flat
£2,400	02/25	0.32 mi	-	2	Terraced House
£1,800	04/25	0.33 mi	-	2	Flat
£2,097	09/24	0.39 mi	Crypton House, Thimle Crescent, London, SM6	2	Flat
£1,950	12/24	0.4 mi	-	2	Flat
£2,000	11/24	0.41 mi	-	2	Flat
£1,750	04/25	0.41 mi	-	2	Flat
£1,650	09/24	0.42 mi	Otter Drive Carshalton SM5	2	Flat
£1,950	02/25	0.46 mi	-	2	Terraced House
£1,600	09/24	0.52 mi	Rossignol Gardens, Carshalton, SM5	2	Flat

Local Area Statistics

Population in SM6	36,16636,166
Town centre distance	1.63 miles away1.63 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.33 miles away0.33 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 £300,000

November 26, 2024

Floor Plans

Description

Sought after 2 bedroom eco apartment at BedZED +
Own balcony +
970+ year lease +
Bedzed was designed to create zero carbon emissions +
19'11 lounge +
20' sun room +
15'1 bedroom 1 leading to balcony +
9'2 bedroom 2 +
Updated luxury bathroom +
Residents parking (1st come 1st served) +

Guide Price £300,000 Ushers are pleased to offer this sought after & rarely available 2 double bedroom 2nd floor apartment with balcony, situated in the award winning development at BedZED. Built with the eco friendly in mind & working to create zero carbon emissions, the apartment benefits from a security entry phone system, entrance hall, 19'11 lounge dining room, 9'5 semi open plan kitchen, 20' sun room, 15'1 bedroom 1 with access to 10'1 wide balcony, 9'2 bedroom 2, modern bathroom with white 3 piece suite & double glazing. There is a sizeable communal garden & residents parking (1st come 1st served). Offering good connections to the City from Hackbridge Mainline BR station (zone 4) and the local Tram link. The owners inform us the lease has 970+ years remaining, the maintenance charges are approx £2667 pa which they say includes your electric utility bill & ground rent is approx £150 pa. EPC band C, council tax band B. Call now to register your interest! Exclusive to Ushers

Agent Details

Ushers Estate Agents, Carshalton

020 8669 4114

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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