2 Bed Flat, Single Let, London, SW15 3SA, £350,000

Norstead Place, London, SW15 3SA - 5 views - 3 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+13 photos

ValuationUndervalued

Sold Prices	£190.8K - £740K
Sold Prices/m²	£3.3K/m² - £9K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£437,500£437,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£1,695 - £3,250£1,695 - £3,250
Rent Estimate	£1,800
Running Costs/mo	£1,474£1,474
Cashflow/mo	£326£326
Cashflow/yr	£3,915£3,915
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £190.8K to £740K, average is £377.5K. £3.3K/m² to £9K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£297.5K	06/21	0.35 mi	Flat 26, Witley Point, Wanborough Drive, London, Greater London SW15 4AX	-	-	2	Flat
£256K	10/23	0.36 mi	Flat 10, Hindhead Point, Wanborough Drive, London, Greater London SW15 4AW	-	-	2	Flat
£290K	03/21	0.41 mi	Flat 6, Blendworth Point, Wanborough Drive, London, Greater London SW15 4AL	-	-	2	Flat
£590K	05/23	0.57 mi	61b, Medfield Street, London, Greater London SW15 4JY	£7,195	82	2	Flat
£205K	01/23	0.69 mi	Flat 8, Finchdean House, Tangley Grove, London, Greater London SW15 4EQ	-	-	2	Flat
£240K	12/23	0.71 mi	Flat 4, Hurstbourne House, Tangley Grove, London, Greater London SW15 4EJ	-	-	2	Flat
£540K	03/23	0.72 mi	Flat 31, Highlands Heath, Portsmouth Road, London, Greater London SW15 3TR	-	-	2	Flat
£490K	09/21	0.73 mi	19, Holford Way, London, Greater London SW15 5GB	£6,712	73	2	Flat
£485K	06/21	0.75 mi	13, Bader Way, London, Greater London SW15 5GD	£7,348	66	2	Flat
£235K	12/23	0.8 mi	Flat 8, Binley House, Highcliffe Drive, London, Greater London SW15 4PY	-	-	2	Flat
£360K	03/21	0.83 mi	107, Vale Crescent, London, Greater London SW15 3PL	£6,678	54	2	Flat
£601.3K	03/23	0.83 mi	92, Chapman Square, London, Greater London SW19 5QW	-	-	2	Flat
£225K	11/23	0.83 mi	Flat 59, Charcot House, Highcliffe Drive, London, Greater London SW15 4PT	-	-	2	Flat
£735K	01/24	0.83 mi	73, Chapman Square, London, Greater London SW19 5QU	£7,989	92	2	Flat
£740K	03/23	0.83 mi	70, Chapman Square, London, Greater London SW19 5QU	£7,708	96	2	Flat
£350K	10/23	0.84 mi	Flat 5, Bisley House, Wimbledon Park Side, London, Greater London SW19 5NW	-	-	2	Flat
£240K	02/21	0.84 mi	Flat 11, Allenford House, Tunworth Crescent, London, Greater London SW15 4PG	-	-	2	Flat
£364K	02/23	0.85 mi	79, Innes Gardens, London, Greater London SW15 3AD	£5,778	63	2	Flat
£375K	04/23	0.85 mi	91, Innes Gardens, London, Greater London SW15 3AD	£5,515	68	2	Flat
£239K	09/21	0.85 mi	Flat 14, Denmead House, Highcliffe Drive, London, Greater London SW15 4PS	-	-	2	Flat
£475K	12/20	0.86 mi	65, Selhurst Close, London, Greater London SW19 6AY	£8,482	56	2	Flat
£420K	02/21	0.86 mi	87, Selhurst Close, London, Greater London SW19 6AY	£7,060	59	2	Flat
£452K	03/21	0.86 mi	30, Selhurst Close, London, Greater London SW19 6AZ	£7,764	58	2	Flat
£525K	04/23	0.86 mi	30, Selhurst Close, London, Greater London SW19 6AZ	£9,017	58	2	Flat
£330K	12/20	0.88 mi	43, Tildesley Road, London, Greater London SW15 3AA	£5,410	61	2	Flat
£380K	02/23	0.91 mi	Flat 16, Greenfield House, Tilford Gardens, London, Greater London SW19 6DN	-	-	2	Flat
£621K	04/21	0.95 mi	41, Southlands Drive, London, Greater London SW19 5QH	-	-	2	Flat
£621K	04/21	0.96 mi	41, Southlands Drive, London, Greater London SW19 5QH	-	-	2	Flat
£725K	03/23	0.96 mi	Flat 37, Exeter House, Putney Heath, London, Greater London SW15 3SX	-	-	2	Flat
£395K	01/21	0.98 mi	Flat 18, Oakman House, Tilford Gardens, London, Greater London SW19 6EP	-	-	2	Flat
£370K	05/23	0.98 mi	13, Holly Tree Close, London, Greater London SW19 6EA	£5,522	67	2	Flat
£425K	10/21	0.99 mi	Flat 10, Turner Lodge, Windlesham Grove, London, Greater London SW19 6AG	-	-	2	Flat
£190.8K	08/23	0.99 mi	Flat 7, Douglas House, Toland Square, London, Greater London SW15 5PG	£3,289	58	2	Flat
£365K	03/23	1 mi	83, Glen Albyn Road, London, Greater London SW19 6HB	-	-	2	Flat

Local Rents

15 rents from £1.7K/mo to £3.3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	09/24	0.15 mi	-	2	Flat
£1,695	09/24	0.28 mi	Frensham Drive, Putney Vale, SW15	2	Flat
£2,200	03/25	0.32 mi	-	2	Flat
£1,700	12/24	0.4 mi	-	2	Flat
£1,875	03/25	0.41 mi	-	2	Flat
£2,250	09/24	0.48 mi	Roehampton Lane, Roehampton, London, SW15	2	Flat
£2,250	03/25	0.54 mi	-	2	Flat
£2,400	03/25	0.54 mi	-	2	Flat
£2,250	02/24	0.54 mi	-	2	Flat
£2,250	03/25	0.54 mi	-	2	Flat
£2,400	02/25	0.54 mi	-	2	Flat
£2,500	09/24	0.57 mi	Medfield Street, London	2	Terraced House
£1,800	09/24	0.57 mi	Medfield Street, LONDON	2	Flat
£3,250	02/25	0.59 mi	-	2	Flat
£2,600	03/25	0.59 mi	-	2	Flat

Local Area Statistics

Population in SW15	60,34460,344
Population in London	4,771,9214,771,921
Town centre distance	8.36 miles away8.36 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.56 miles away1.56 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+2%+2%

Property History

Listed for £350,000

December 26, 2024

Floor Plans

Description

Two bedrooms +
Communal Gardens +
Chain Free +
Ample parking +
Secure entry & Bike Storage +
Two Bathrooms +
Great Condition +

SUMMARY
A wonderful opportunity to purchase this two bedroom two bathroom purpose built apartment presented in good decorative order throughout.

DESCRIPTION
A wonderful opportunity to purchase this two bedroom two bathroom purpose built apartment presented in good decorative order throughout. Located on the first floor the accommodation comprises of a large reception room with an open plan fully fitted kitchen, two double bedrooms and two bathrooms (one en-suite). Added benefits include lift, communal gardens with plenty of outdoor seating, communal bike store and ample free parking.

George Court is a unique development located on a no through road adjacent to Richmond Park Golf Club and is suitably located for transport links to Putney High Street, Wimbledon Common, Kingston and Roehampton, offering a variety of local amenities and further transport connections to Central London via the A3.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Putney

020 3879 5149

Next Steps?

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