2 Bed Flat, Single Let, Wallington, SM6 9FD, £279,950

Adastra Way, Wallington, SM6 9FD - 3 months ago

Leasehold

BTL

ROI: 4%

~67 m²

+6 photos

ValuationUndervalued

Sold Prices	£132.5K - £646K
Sold Prices/m²	£1.9K/m² - £6.3K/m²

Square Metres	~66.70 m²
Price/m²	£4.2K/m²
Value Estimate	£317,619£317,619
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£69,988£69,988
Stamp Duty & Legal Fees	£16,695£16,695
Total Cash In	£86,683£86,683

Cash Out
Rent Range	£1,400 - £3,000£1,400 - £3,000
Rent Estimate	£1,450
Running Costs/mo	£1,185£1,185
Cashflow/mo	£265£265
Cashflow/yr	£3,182£3,182
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

27 sold prices from £132.5K to £646K, average is £290K. £1.9K/m² to £6.3K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	10/21	0.28 mi	10, Typhoon Way, Wallington, Greater London SM6 9AW	£2,896	73	2	Flat
£264K	04/21	0.29 mi	Flat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR	-	-	2	Flat
£252.5K	09/21	0.29 mi	Flat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR	-	-	2	Flat
£140K	05/21	0.33 mi	41, Brown Close, Wallington, Greater London SM6 9ER	-	-	2	Flat
£132.5K	11/20	0.33 mi	22, Brown Close, Wallington, Greater London SM6 9ER	£1,893	70	2	Flat
£290K	10/20	0.4 mi	9, Hanno Close, Wallington, Greater London SM6 9BZ	£4,833	60	2	Flat
£292.5K	07/21	0.48 mi	12, Plesman Way, Wallington, Greater London SM6 9NB	£4,615	63	2	Flat
£225K	04/21	0.49 mi	43, Plough Lane Close, Wallington, Greater London SM6 8JN	£3,750	60	2	Flat
£322.5K	04/21	0.53 mi	5, Merebank Lane, Croydon, Greater London CR0 4NP	-	-	2	Flat
£315K	10/21	0.53 mi	19a, Merebank Lane, Croydon, Greater London CR0 4NP	£4,828	65	2	Flat
£260K	11/20	0.54 mi	36, Sunkist Way, Wallington, Greater London SM6 9LQ	£4,906	53	2	Flat
£646K	06/21	0.62 mi	17, Ross Road, Wallington, Greater London SM6 8QN	£4,517	143	2	Flat
£230K	01/23	0.75 mi	Flat 22, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	£3,382	68	2	Flat
£347.5K	07/23	0.79 mi	24, Bute Gardens West, Wallington, Greater London SM6 8SR	£5,486	63	2	Flat
£340K	03/23	0.8 mi	13a, Cranley Gardens, Wallington, Greater London SM6 9PR	£6,296	54	2	Flat
£335K	06/23	0.82 mi	6, Spring Gardens, Wallington, Greater London SM6 8SW	£5,317	63	2	Flat
£348K	08/23	0.84 mi	24, Marchmont Road, Wallington, Greater London SM6 9NU	£5,445	64	2	Flat
£223K	07/23	0.89 mi	271, Violet Lane, Croydon, Greater London CR0 4HN	-	-	2	Flat
£190K	10/21	0.89 mi	Flat 17, Marlborough Court, Cranley Gardens, Wallington, Greater London SM6 9PG	-	-	2	Flat
£141K	01/21	0.89 mi	25, Bute Court, Wallington, Greater London SM6 8AG	-	-	2	Flat
£430K	09/21	0.91 mi	Flat B, 16, Belmont Road, Wallington, Greater London SM6 8TB	£3,386	127	2	Flat
£321K	06/21	0.93 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£321K	06/21	0.93 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£300K	02/21	0.93 mi	39, St Anns Way, South Croydon, Greater London CR2 6DN	£4,762	63	2	Flat
£285K	12/21	0.94 mi	11, Allder Way, South Croydon, Greater London CR2 6JZ	£3,393	84	2	Flat
£297K	11/20	0.95 mi	209, Pampisford Road, South Croydon, Greater London CR2 6DF	£5,121	58	2	Flat
£290K	03/21	0.95 mi	211, Pampisford Road, South Croydon, Greater London CR2 6DF	-	-	2	Flat

Local Rents

23 rents from £1.4K/mo to £3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,875	12/24	0.28 mi	-	2	Flat
£1,500	08/24	0.32 mi	Hengist Way, Wallington, Surrey, SM6	2	Flat
£1,400	08/24	0.34 mi	Lancastrian Road Wallington SM6	2	Flat
£1,550	09/24	0.37 mi	Heron Way Wallington SM6	2	Flat
£1,700	10/24	0.38 mi	-	2	Terraced House
£3,000	02/24	0.44 mi	-	2	Flat
£2,750	08/24	0.44 mi	-	2	Flat
£2,250	01/25	0.44 mi	-	2	Flat
£2,250	03/25	0.44 mi	-	2	Flat
£2,250	02/25	0.44 mi	-	2	Flat
£1,450	08/24	0.44 mi	-	2	Terraced House
£1,875	09/24	0.48 mi	Beddington Grove, Wallington SM6 8LH	2	Semi-Detached House
£1,875	09/24	0.48 mi	Beddington Grove, Wallington, SM6	2	Semi-Detached House
£1,575	09/24	0.48 mi	Stafford Road, WALLINGTON	2	Flat
£1,450	09/24	0.48 mi	Stafford Road, Wallington, SM6	2	Flat
£1,600	02/24	0.54 mi	-	2	Flat
£1,800	12/24	0.56 mi	-	2	Flat
£1,450	08/24	0.56 mi	Stafford Road, WALLINGTON	2	Flat
£1,500	09/24	0.56 mi	Stafford Road, WALLINGTON	2	Flat
£1,650	03/24	0.56 mi	-	2	Flat
£1,650	12/24	0.56 mi	Stafford Road, London, CR0	2	Flat
£1,700	03/25	0.59 mi	-	2	Terraced House
£1,650	12/24	0.6 mi	21 Peebles Court, Croydon	2	Flat

Local Area Statistics

Population in SM6	36,16636,166
Town centre distance	0.56 miles away0.56 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.84 miles away0.84 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

Price changed to £279,950

January 31, 2025

Listed for £285,000

December 26, 2024

Floor Plans

Description

Modern First Floor Apartment +
Good Size Lounge/Dining Room with Juliet Balcony +
Two Double Bedrooms +
Fitted Kitchen +
Contemporary Bathroom Suite +
Allocated Parking +
Long Lease +
Close To Excellent Schools +

Set on the first floor in this modern development close to excellent schools, this apartment benefits from a 15'3 lounge/dining room which opens into a fitted kitchen with built in appliances. There are two double bedrooms and a spacious bathroom. Other features include allocated parking and a long lease.

COMMUNAL ENTRANCE

STAIRS TO THE FIRST FLOOR

ENTRANCE HALL

LOUNGE/DINER 15' 5" x 11' 10" (4.7m x 3.61m)

KITCHEN 11' 6" x 6' 9" (3.51m x 2.06m)

BEDROOM 1 11' 6" x 9' 8" (3.51m x 2.95m)

BEDROOM 2 16' 3" x 8' 10" (4.95m x 2.69m)

BATHROOM

ALLOCATED PARKING

LONG LEASE

Agent Details

Paul Graham, Wallington

020 3889 1245

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

5 Bed House, Single Let, Wallington, SM6 9DP

£900,000

3 months ago • 50 m²

Sold STC

4 Bed House, Single Let, Wallington, SM6 8LW

£650,000

a month ago • 129 m²

2 Bed Flat, Single Let, Wallington, SM6 9BP

£315,000

2 views • 3 months ago • 68 m²

4 Bed House, Single Let, Wallington, SM6 9BP

£500,000

2 views • 24 days ago • 129 m²