2 Bed Flat, Single Let, London, SW9 0DX, £450,000

South Island Place, Stockwell, SW9 0DX - 1 views - 4 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£270K - £1.4M
Sold Prices/m²	£3K/m² - £17.5K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£558,000£558,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£33,700£33,700
Total Cash In	£146,200£146,200

Cash Out
Rent Range	£1,950 - £3,500£1,950 - £3,500
Rent Estimate	£1,950
Running Costs/mo	£1,816£1,816
Cashflow/mo	£134£134
Cashflow/yr	£1,605£1,605
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £270K to £1.4M, average is £482.5K. £3K/m² to £17.5K/m², average is £8.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£453K	05/23	0.04 mi	Flat B, 54, Crewdson Road, London, Greater London SW9 0LJ	£8,089	56	2	Flat
£475K	04/21	0.04 mi	First Floor Flat, 50, Crewdson Road, London, Greater London SW9 0LJ	£8,636	55	2	Flat
£485K	03/23	0.05 mi	Flat 34, Aigburth Mansions, Mowll Street, London, Greater London SW9 0EP	-	-	2	Flat
£512.5K	12/23	0.05 mi	Flat 32, Aigburth Mansions, Mowll Street, London, Greater London SW9 0EP	-	-	2	Flat
£725K	09/23	0.05 mi	Flat 8, Glencoe Mansions, Mowll Street, London, Greater London SW9 0ER	-	-	2	Flat
£435K	03/23	0.06 mi	Flat 18, Cleveland Mansions, Mowll Street, London, Greater London SW9 0ES	-	-	2	Flat
£420K	09/23	0.08 mi	Flat 7, Jupiter Court, Caldwell Street, London, Greater London SW9 0EX	-	-	2	Flat
£425K	03/21	0.08 mi	Flat 8, Jupiter Court, Caldwell Street, London, Greater London SW9 0EX	-	-	2	Flat
£440K	11/20	0.09 mi	105a, Brixton Road, London, Greater London SW9 6EE	-	-	2	Flat
£300K	11/20	0.1 mi	Flat 63, Holland Rise House, Clapham Road, London, Greater London SW9 0HT	-	-	2	Flat
£480K	06/21	0.11 mi	Flat F, 27 - 29, Clapham Road, London, Greater London SW9 0JD	-	-	2	Flat
£537.5K	10/23	0.11 mi	Top Floor Flat, 108, Clapham Road, London, Greater London SW9 0JU	£7,264	74	2	Flat
£430K	03/21	0.11 mi	Ground Floor Flat, 96, Clapham Road, London, Greater London SW9 0JU	£7,544	57	2	Flat
£825K	03/21	0.12 mi	The Lower Maisonette At, 22, Offley Road, London, Greater London SW9 0LS	-	-	2	Flat
£410K	10/23	0.12 mi	34, Offley Road, London, Greater London SW9 0LS	-	-	2	Flat
£787K	12/20	0.12 mi	14a, Offley Road, London, Greater London SW9 0LS	£7,870	100	2	Flat
£492K	04/23	0.12 mi	Basement Flat, 36, Offley Road, London, Greater London SW9 0LS	£8,339	59	2	Flat
£450K	01/23	0.15 mi	19, Richborne Terrace, London, Greater London SW8 1AS	-	-	2	Flat
£420K	08/21	0.16 mi	44b, Hackford Road, London, Greater London SW9 0RF	£7,143	59	2	Flat
£640K	11/21	0.16 mi	44a, Hackford Road, London, Greater London SW9 0RF	£8,964	71	2	Flat
£420K	08/21	0.16 mi	44b, Hackford Road, London, Greater London SW9 0RF	£7,143	59	2	Flat
£500K	04/23	0.16 mi	48b, Hackford Road, London, Greater London SW9 0RF	£8,249	61	2	Flat
£418K	12/20	0.16 mi	36a, Hackford Road, London, Greater London SW9 0RF	£7,887	53	2	Flat
£282K	03/23	0.16 mi	Flat 77, Wimborne House, Dorset Road, London, Greater London SW8 1AJ	-	-	2	Flat
£429K	04/23	0.17 mi	3, Liberty Street, London, Greater London SW9 0EE	£8,755	49	2	Flat
£530K	08/21	0.18 mi	13, Bakery Close, London, Greater London SW9 0EB	£8,791	60	2	Flat
£600K	03/21	0.18 mi	140a, Brixton Road, London, Greater London SW9 6BA	-	-	2	Flat
£1.4M	12/20	0.2 mi	50, Fentiman Road, London, Greater London SW8 1LF	£17,531	81	2	Flat
£610K	09/23	0.2 mi	1, Cranworth Gardens, London, Greater London SW9 0NS	£8,496	72	2	Flat
£495K	09/21	0.21 mi	96, Liberty Street, London, Greater London SW9 0EF	£5,955	83	2	Flat
£500K	06/21	0.22 mi	62b, Hackford Road, London, Greater London SW9 0RG	£8,818	57	2	Flat
£565K	09/23	0.22 mi	68a, Hackford Road, London, Greater London SW9 0RG	£10,463	54	2	Flat
£525K	10/23	0.23 mi	The Second Floor Flat At, 49, Hackford Road, London, Greater London SW9 0RE	-	-	2	Flat
£392.5K	02/21	0.24 mi	Flat 5, Alvanley House, Gosling Way, London, Greater London SW9 6JW	-	-	2	Flat
£510K	12/20	0.24 mi	First Floor Flat, 30, Albert Square, London, Greater London SW8 1DA	£10,408	49	2	Flat
£700K	04/23	0.26 mi	88, Cranworth Gardens, London, Greater London SW9 0NT	£9,333	75	2	Flat
£450K	10/21	0.26 mi	80, Cranworth Gardens, London, Greater London SW9 0NT	£8,436	53	2	Flat
£560K	07/23	0.26 mi	98, Cranworth Gardens, London, Greater London SW9 0NT	£7,798	72	2	Flat
£625K	04/23	0.26 mi	3, Printers Road, London, Greater London SW9 0BH	£7,703	81	2	Flat
£346K	02/23	0.29 mi	95, Hampson Way, London, Greater London SW8 1HX	£5,014	69	2	Flat
£440K	02/23	0.32 mi	Second Floor Flat, 80, Meadow Road, London, Greater London SW8 1PP	£10,233	43	2	Flat
£360.5K	11/21	0.32 mi	Flat 28, Lockwood House, Kennington Oval, London, Greater London SE11 5SZ	-	-	2	Flat
£270K	09/21	0.33 mi	Flat 42, Rundell Tower, Portland Grove, London, Greater London SW8 1JD	-	-	2	Flat
£379K	01/21	0.34 mi	Flat 30, Cliffsend House, Cowley Road, London, Greater London SW9 6HE	-	-	2	Flat
£573.2K	10/21	0.35 mi	65c, Heyford Avenue, London, Greater London SW8 1EB	-	-	2	Flat
£585K	03/23	0.35 mi	201, Brixton Road, London, Greater London SW9 6LP	-	-	2	Flat
£741K	01/21	0.36 mi	4, Rita Road, London, Greater London SW8 1JU	£8,718	85	2	Flat
£580K	01/21	0.37 mi	Flat C, 42, Heyford Avenue, London, Greater London SW8 1EE	-	-	2	Flat
£305K	12/23	0.37 mi	65, Tradescant Road, London, Greater London SW8 1XJ	£2,961	103	2	Flat
£430K	06/23	0.37 mi	Flat 5, Wisden House, Meadow Road, London, Greater London SW8 1NA	-	-	2	Flat

Local Rents

49 rents from £1.9K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,800	09/24	0.01 mi	-	2	Flat
£2,149	09/24	0.04 mi	Crewdson Road, Oval	2	Flat
£2,249	09/24	0.04 mi	Crewdson Road, Oval	2	Flat
£2,200	09/24	0.04 mi	Handforth Road, Oval, London, SW9	2	Flat
£2,250	04/25	0.04 mi	-	2	Flat
£2,508	09/24	0.06 mi	Handforth Road, London, SW9	2	Flat
£2,200	09/24	0.06 mi	Handforth Road, London SW9	2	Flat
£2,496	09/24	0.06 mi	Handforth Road, Oval, London	2	Flat
£2,446	09/24	0.06 mi	-	2	Flat
£2,508	09/24	0.06 mi	-	2	Flat
£2,400	02/25	0.06 mi	-	2	Flat
£2,100	09/24	0.06 mi	Mowll Street Oval SW9	2	Flat
£2,900	04/25	0.06 mi	-	2	Flat
£2,200	04/25	0.06 mi	-	2	Flat
£2,100	09/24	0.06 mi	Handforth Road, Vauxhall, London, SW9	2	Flat
£2,600	11/24	0.07 mi	-	2	Flat
£2,300	09/24	0.08 mi	Handforth Road, London SW9	2	Flat
£2,500	12/24	0.08 mi	-	2	Flat
£2,250	02/24	0.1 mi	-	2	Flat
£2,190	02/25	0.11 mi	-	2	Flat
£2,250	09/24	0.11 mi	Palfrey Place, Kennington, London	2	Flat
£2,200	09/24	0.13 mi	-	2	Flat
£2,200	03/25	0.14 mi	-	2	Flat
£2,200	04/25	0.14 mi	-	2	Flat
£2,250	04/25	0.14 mi	-	2	Flat
£2,200	12/24	0.14 mi	-	2	Flat
£1,950	09/24	0.14 mi	Caldwell Street, Oval, SW9	2	Flat
£2,050	11/24	0.15 mi	-	2	Flat
£2,275	12/24	0.15 mi	-	2	Flat
£3,500	03/25	0.15 mi	-	2	Flat
£2,500	09/24	0.15 mi	Richborne Terrace, London SW8	2	Flat
£2,490	09/24	0.16 mi	Wimborne House, London, SW8	2	Flat
£2,490	09/24	0.16 mi	-	2	Flat
£2,300	12/24	0.16 mi	-	2	Flat
£2,190	04/25	0.16 mi	-	2	Flat
£2,600	09/24	0.16 mi	Clapham Road, London SW9	2	Flat
£2,500	09/24	0.16 mi	Richborne Terrace, Oval, SW8	2	Flat
£2,300	09/24	0.16 mi	Offley Road, London, SW9	2	Terraced House
£2,400	02/25	0.16 mi	-	2	Flat
£2,500	11/24	0.16 mi	-	2	Flat
£2,000	09/24	0.17 mi	Claylands Place, SW8	2	Flat
£1,950	09/24	0.17 mi	Bakery Close, Oval, SW9	2	Flat
£2,050	11/24	0.17 mi	-	2	Flat
£2,400	12/24	0.18 mi	-	2	Flat
£2,383	09/24	0.18 mi	Bakery Close, London SW9	2	Flat
£2,250	09/24	0.18 mi	Prima Road, London	2	Flat
£2,300	09/24	0.19 mi	Bakery Close, Oval, London, SW9	2	Flat
£2,100	12/24	0.19 mi	-	2	Flat
£2,500	04/25	0.19 mi	-	2	Flat

Local Area Statistics

Population in SW9	42,06742,067
Population in London	4,771,9214,771,921
Town centre distance	3.44 miles away3.44 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+0%+0%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+7%+7%

Property History

Price changed to £450,000

March 20, 2025

Price changed to £475,000

February 16, 2025

Listed for £500,000

December 12, 2024

Floor Plans

Description

Probate sale - ground floor flat +
Two double bedrooms +
Large living room +
Kitchen +
Wet room +
Separate WC +
Wrap-around garden +
91 year lease +

A spacious ground floor ex-local authority two double bedroom flat with its` own wrap-around small garden located in a small block near the Oval. The sale is subject to a Grant of Probate.

Situated within easy reach of the Oval Underground station, main bus routes on both Clapham and Brixton roads and local shops, bars and restaurants.Kennington Park is also nearby.

Ground floor:

Hall: Entryphone. Cupboard.

Living room: Dado rail. Door to small front garden.

Kitchen: Single drainer stainless steel sink unit, fitted floor and wall cupboards and melamine work surfaces with tiled splashbacks, Logik gas hob and electric oven and fridge/freezer.

Bedroom 1: Dado rail. Fitted corner cupboard.

Bedroom 2: Fitted wardrobes.

Wet room: Mira electric shower unit, inset wash hand basin and cupboard with Vokera gas boiler.

Separate W.C.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Oliver Burn, Clapham

020 3835 3803

Next Steps?

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