3 Bed Flat, Single Let, London, SW2 3EG, £325,000

Palace Road, Tulse Hill, SW2 3EG - 5 views - 2 months ago

BTL

ROI: 8%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£315K - £1.5M
Sold Prices/m²	£4.2K/m² - £10.5K/m²

Square Metres	~93 m²
Price/m²	£3.5K/m²
Value Estimate	£393,250£393,250
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£2,000 - £4,300£2,000 - £4,300
Rent Estimate	£2,061
Running Costs/mo	£1,448£1,448
Cashflow/mo	£613£613
Cashflow/yr	£7,358£7,358
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £315K to £1.5M, average is £513.8K. £4.2K/m² to £10.5K/m², average is £6.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£315K	06/23	0.07 mi	26, Bushell Close, London, Greater London SW2 3LL	£4,922	64	3	Flat
£407.5K	01/23	0.17 mi	5, Roupell Road, Brixton, London, Greater London SW2 3EL	£5,582	73	3	Flat
£450K	06/23	0.18 mi	83, Gaywood Close, London, Greater London SW2 3QR	-	-	3	Flat
£545K	03/21	0.23 mi	243, Barcombe Avenue, London, Greater London SW2 3BH	£5,924	92	3	Flat
£440K	12/20	0.28 mi	119, Barcombe Avenue, London, Greater London SW2 3BQ	£5,851	75	3	Flat
£605K	03/23	0.28 mi	135, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ	£6,722	90	3	Flat
£530K	03/23	0.35 mi	6, Keymer Road, London, Greater London SW2 3AP	£5,464	97	3	Flat
£625K	12/20	0.36 mi	38, Mount Nod Road, London, Greater London SW16 2LL	£5,509	113	3	Flat
£512.5K	03/21	0.36 mi	68, Hailsham Avenue, London, Greater London SW2 3AH	£4,976	103	3	Flat
£495K	06/21	0.37 mi	108, Amesbury Avenue, London, Greater London SW2 3AB	£8,406	59	3	Flat
£985K	05/21	0.38 mi	100, Leigham Vale, London, Greater London SW2 3JH	£5,327	185	3	Flat
£398K	05/23	0.45 mi	17, Adare Walk, London, Greater London SW16 2PW	£7,236	55	3	Flat
£1.5M	12/21	0.47 mi	4, Berwyn Road, London, Greater London SE24 9BD	£10,476	147	3	Flat
£450K	06/21	0.48 mi	2a, Station Rise, London, Greater London SE27 9BW	£4,286	105	3	Flat
£621.8K	06/23	0.48 mi	Flat A, 35, Tierney Road, London, Greater London SW2 4QL	-	-	3	Flat
£686K	09/21	0.5 mi	23, Mount Nod Road, London, Greater London SW16 2LQ	£6,423	107	3	Flat
£850K	10/20	0.5 mi	17b, Knollys Road, London, Greater London SW16 2JJ	-	-	3	Flat
£467K	06/21	0.53 mi	Flat 45, Streatleigh Court, Streatham High Road, London, Greater London SW16 1EG	-	-	3	Flat
£681.1K	09/21	0.54 mi	Ground Floor Flat At, 55, Killieser Avenue, London, Greater London SW2 4NX	-	-	3	Flat
£340K	05/23	0.54 mi	Flat 28, Cherry Close, Tulse Hill, London, Greater London SW2 2EY	-	-	3	Flat
£550K	01/23	0.55 mi	Flat L, Broadlands Mansions, Broadlands Avenue, London, Greater London SW16 1NB	-	-	3	Flat
£523K	12/22	0.56 mi	Flat 7, William Brown Court, Norwood Road, London, Greater London SE27 9DD	-	-	3	Flat
£695K	10/20	0.56 mi	56a, Norwood Road, London, Greater London SE24 9BH	£5,991	116	3	Flat
£500K	06/21	0.56 mi	Flat 8, St. Martins Court, Ullswater Road, London, Greater London SE27 0AN	£6,329	79	3	Flat
£560K	06/23	0.56 mi	Flat 5, St. Martins Court, Ullswater Road, London, Greater London SE27 0AN	-	-	3	Flat
£617.5K	01/21	0.57 mi	161, Leigham Court Road, London, Greater London SW16 2SE	£6,175	100	3	Flat
£475K	07/23	0.57 mi	167, Leigham Court Road, Streatham, London, Greater London SW16 2SE	-	-	3	Flat
£550K	02/21	0.57 mi	Flat 5, St. Martins Court, Ullswater Road, London, Greater London SE27 0AN	-	-	3	Flat
£455K	06/21	0.59 mi	Flat 42, Manor Court, Leigham Avenue, London, Greater London SW16 2DR	-	-	3	Flat
£425K	05/23	0.59 mi	Flat 35, Streatham Court, Streatham High Road, London, Greater London SW16 1DL	-	-	3	Flat
£405K	07/23	0.59 mi	Flat 26, Streatham Court, Streatham High Road, London, Greater London SW16 1DL	-	-	3	Flat
£437.1K	07/23	0.6 mi	Flat 1a, Manor Court, Leigham Avenue, London, Greater London SW16 2DS	-	-	3	Flat
£375K	08/21	0.6 mi	Flat 6, Bertrand House, Leigham Avenue, London, Greater London SW16 2TJ	-	-	3	Flat
£395K	05/21	0.61 mi	34, Peabody Hill, London, Greater London SE21 8LD	£5,338	74	3	Flat
£416K	04/21	0.61 mi	Flat 90, Streatham Court, Streatham High Road, London, Greater London SW16 1DJ	-	-	3	Flat
£400K	07/23	0.62 mi	Flat 5, Beauclerk House, Leigham Avenue, London, Greater London SW16 2TQ	-	-	3	Flat
£486K	06/23	0.63 mi	Flat 40, Leigham Hall, Streatham High Road, London, Greater London SW16 1DN	-	-	3	Flat
£415K	02/23	0.65 mi	4a, Mount Ephraim Road, London, Greater London SW16 1NG	£4,232	98	3	Flat
£435K	06/21	0.67 mi	Flat 115, The High, Streatham High Road, London, Greater London SW16 1HA	-	-	3	Flat
£492.2K	03/21	0.68 mi	46, Doverfield Road, London, Greater London SW2 5NB	£7,178	69	3	Flat
£531K	07/23	0.69 mi	47, Woodleigh Gardens, London, Greater London SW16 2SX	£6,638	80	3	Flat
£550K	06/23	0.71 mi	137b, Norwood Road, London, Greater London SE24 9AF	-	-	3	Flat
£800K	06/21	0.72 mi	87, Telford Avenue, London, Greater London SW2 4XN	£9,067	88	3	Flat
£775K	06/21	0.72 mi	93, Telford Avenue, London, Greater London SW2 4XN	£9,226	84	3	Flat
£622.5K	06/21	0.73 mi	56, Dumbarton Road, London, Greater London SW2 5LU	-	-	3	Flat
£600K	11/20	0.73 mi	46, Dumbarton Road, London, Greater London SW2 5LU	£7,692	78	3	Flat
£370K	06/23	0.75 mi	Flat 33, Tulse House, Tulse Hill, London, Greater London SW2 2HT	-	-	3	Flat
£515K	04/23	0.76 mi	44a, Gracefield Gardens, London, Greater London SW16 2ST	£6,949	74	3	Flat
£785K	02/23	0.76 mi	86, Sternhold Avenue, London, Greater London SW2 4PW	£8,263	95	3	Flat
£725K	11/20	0.76 mi	70, Sternhold Avenue, London, Greater London SW2 4PW	£7,796	93	3	Flat

Local Rents

50 rents from £2K/mo to £4.3K/mo, average is £2.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,900	12/24	0.09 mi	-	3	Terraced House
£2,570	01/25	0.24 mi	-	3	Flat
£2,850	09/24	0.26 mi	-	3	Flat
£2,650	09/24	0.26 mi	-	3	Flat
£2,850	03/25	0.3 mi	-	3	Terraced House
£2,500	03/25	0.32 mi	-	3	Flat
£2,600	10/24	0.34 mi	-	3	Flat
£2,847	09/24	0.36 mi	Cricklade Avenue, SW2	3	Flat
£2,350	09/24	0.36 mi	-	3	Flat
£2,650	03/25	0.36 mi	-	3	Flat
£3,850	09/24	0.38 mi	-	3	Flat
£2,500	02/25	0.38 mi	-	3	Flat
£2,500	03/25	0.39 mi	-	3	Flat
£2,750	09/24	0.41 mi	-	3	Flat
£2,850	09/24	0.41 mi	Hardel Walk, London	3	Flat
£3,850	09/24	0.42 mi	-	3	Flat
£3,550	09/24	0.42 mi	Rush Common Mews, London, SW2	3	Terraced House
£3,550	09/24	0.42 mi	-	3	Terraced House
£3,300	02/25	0.42 mi	-	3	Terraced House
£4,300	08/24	0.42 mi	Romola Road	3	Flat
£2,900	03/25	0.42 mi	-	3	Flat
£2,950	02/25	0.44 mi	-	3	Flat
£2,500	02/24	0.45 mi	-	3	Flat
£3,400	09/24	0.45 mi	Gaumont Place, Streatham Hill	3	Flat
£2,400	02/25	0.46 mi	-	3	Flat
£3,000	03/25	0.47 mi	-	3	Flat
£3,000	09/24	0.47 mi	-	3	Semi-Detached House
£3,500	03/25	0.48 mi	-	3	Flat
£2,600	02/24	0.48 mi	-	3	Flat
£2,950	03/25	0.48 mi	-	3	Terraced House
£3,000	03/25	0.5 mi	-	3	Terraced House
£2,600	10/24	0.5 mi	-	3	Flat
£2,600	01/25	0.5 mi	-	3	Flat
£2,600	02/25	0.51 mi	-	3	Terraced House
£2,600	10/24	0.52 mi	-	3	Flat
£2,500	08/24	0.52 mi	-	3	Flat
£2,400	10/24	0.52 mi	-	3	Flat
£2,600	09/24	0.52 mi	-	3	Flat
£2,400	03/25	0.53 mi	-	3	Flat
£3,500	11/24	0.54 mi	-	3	Flat
£2,000	09/24	0.56 mi	Tierney Road, London, SW2	3	Flat
£3,100	10/24	0.56 mi	-	3	Flat
£2,600	09/24	0.56 mi	Morrish Road, London, SW2	3	Flat
£2,195	08/24	0.56 mi	Fawley Court	3	Flat
£2,650	10/24	0.57 mi	-	3	Flat
£2,600	03/25	0.57 mi	-	3	Flat
£2,600	03/25	0.57 mi	-	3	Flat
£2,750	08/24	0.57 mi	Glennie Road London SE27	3	House
£2,150	08/24	0.58 mi	Broxholm Road London SE27	3	Flat
£2,200	08/24	0.58 mi	Flat B, Elmcourt Road, London, SE27	3	Flat

Local Area Statistics

Population in SW2	54,20454,204
Population in London	4,771,9214,771,921
Town centre distance	6.01 miles away6.01 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.51 miles away0.51 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-1%-1%

Property History

Listed for £325,000

January 1, 2025

Floor Plans

Description

Three bedroom flat +
870 sq. ft. of living space +
Split level +
Private garden +
Excellent transport links into The City +
EPC rating: TBC +

A charming three-bedroom split level flat set within a well-maintained low rise building on Palace Road.

In need of a cosmetic makeover, this property is now ready for its next occupier to really stamp their mark on the property. The property comprises three bedrooms, a separate kitchen, a spacious living room that is flooded with natural light through large windows, a family bathroom, an extra-large cupboard or study, and a private rear garden facing south.

The flat is ideally located near to Tulse Hill station with direct access to Clapham Junction, Balham, London Victoria, London Bridge and Blackfriars, yet is set on a quiet street away from the hustle and bustle. Streatham Hill station and regular buses to Brixton underground station are also a short walk away.

The shops, bars and restaurants of Tulse Hill, Herne Hill, Brixton, West Norwood and Streatham Hill are all within easy reach of the property as are the wide open and leafy spaces of Brockwell Park and Streatham Common.

Agent Details

Oaks Estate Agents, Tulse Hill

020 3889 9151

Next Steps?

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

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