2 Bed Flat, Single Let, SM5 3QN £290,000

Wales Avenue, Carshalton, SM5 3QN - 3 views - 10 months ago
BTL
ROI: 3%
~55 m²
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£216K - £418.5K
Sold Prices/m²£3.3K/m² - £7.2K/m²

 

 

Square Metres

~55.10 m²
Price/m²£5.3K/m²

Value Estimate

£277,095

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£975 - £2,100

Rent Estimate

£1,450

Running Costs/mo

£1,216

Cashflow/mo

£234

Cashflow/yr

£2,805

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £216K to £418.5K, average is £330.5K. £3.3K/m² to £7.2K/m², average is £5.3K/m².

Price
Date
Distance
Address
Beds
 
£350K11/220.1 mi1a, Park Hill, Carshalton, Greater London SM5 3RS2
£370K03/250.22 miFlat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD2
£370K03/250.22 miFlat 5, 12 Salisbury Court, Salisbury Road, Carshalton SM5 3HD2
£295K11/230.25 mi5a, Rossdale, Sutton, Greater London SM1 4JU2
£320K07/250.3 miFlat 5, 3, Croft Road, Sutton SM1 4NE2
£260K03/230.35 mi2a, Westmead Corner, Carshalton, Greater London SM5 2NZ2
£266.7K02/230.41 mi14, Relko Gardens, Sutton, Greater London SM1 4TJ2
£345.5K06/230.41 mi214, Carshalton Road, Sutton, Greater London SM1 4SA2
£418.5K10/230.41 mi218, Carshalton Road, Sutton, Greater London SM1 4SA2
£315K03/250.46 mi93 Doric House, Flat 6, Carshalton Grove, Sutton SM1 4NB2
£320K03/250.46 mi24a, Beechwood Court, West Street Lane, Carshalton SM5 2PZ2
£320K03/250.46 mi24a, Beechwood Court, West Street Lane, Carshalton SM5 2PZ2
£345K03/250.47 mi20, Sycamore Close, Carshalton SM5 2PS2
£342K10/210.47 mi31, Sycamore Close, Carshalton, Greater London SM5 2PS2
£240K09/210.47 miMiddle Flat, 117, Carshalton Road, Sutton, Greater London SM1 4LL2
£355K12/240.49 mi3 Hamilton House, Flat 4, North Street, Carshalton SM5 2HW2
£310K03/250.51 mi76, Colston Avenue, Carshalton SM5 2NU2
£310K03/250.51 mi76, Colston Avenue, Carshalton SM5 2NU2
£225K03/250.53 mi19 Morgan Court, 6, Rochester Road, Carshalton SM5 2LB2
£341K03/250.53 mi7, 19 Morgan Court, Rochester Road, Carshalton SM5 2LB2
£341K03/250.53 mi7, 19 Morgan Court, Rochester Road, Carshalton SM5 2LB2
£375K02/230.54 mi24, Beacon Grove, Carshalton, Greater London SM5 3BA2
£365K08/250.55 mi19, 31 33 Beacon Grove, High Street, Carshalton SM5 3BA2
£418K03/250.55 mi2d, Victoria Road, Sutton SM1 4RT2
£325K01/250.55 mi31 33 Beacon Grove, 27, High Street, Carshalton SM5 3BA2
£335K06/210.55 mi34, North Street, Carshalton, Greater London SM5 2JD2
£310K04/230.57 mi5, Betchworth Close, Sutton, Greater London SM1 4NR2
£300K03/230.58 mi8a, Benhill Road, Sutton, Greater London SM1 3RL2
£365K04/250.59 miFlat 5, 70 72, Mayfield Road, Sutton SM2 5DT2
£365K04/250.59 miFlat 5, 70 72, Mayfield Road, Sutton SM2 5DT2
£343K03/250.59 miFlat 11, 10 Monarch Place, William Road, Sutton SM1 4NJ2
£372.5K03/250.61 mi6, 48 Lynton Court, Cedar Road, Sutton SM2 5DL2
£395K01/230.62 miGround Floor Flat, 45, Park Lane, Carshalton, Greater London SM5 3EE2
£350K11/240.63 mi59 Westcroft Court, Flat 4, Westcroft Road, Carshalton SM5 2AU2
£315K04/250.64 mi19, Montana Gardens, Sutton SM1 4FP2
£315K04/250.64 mi19, Montana Gardens, Sutton SM1 4FP2
£367K03/250.64 mi120a, Carshalton Road, Sutton SM1 4RL2
£250K12/230.65 mi1, Turnpike Lane, Sutton SM1 4ET2
£335K03/250.65 mi51 Jubilee Court, Flat 7, Eaton Road, Sutton SM2 5AQ2
£275K10/210.65 mi2, Turnpike Lane, Sutton, Greater London SM1 4ET2
£270K04/230.66 mi8, Shott Close, Sutton, Greater London SM1 4LQ2
£323.5K02/250.67 mi61, Flat 1, North Street, Carshalton SM5 2HG2
£312.5K03/250.67 mi4, Shott Close, Sutton SM1 4LQ2
£216K03/250.67 mi2, Shott Close, Sutton SM1 4LQ2
£335K03/250.67 miFlat 9, 19 Nightingale Court, Lind Road, Sutton SM1 4RH2
£350K03/250.69 mi59, Courtney Crescent, Carshalton SM5 4NA2
£350K03/250.69 mi59, Courtney Crescent, Carshalton SM5 4NA2
£326K08/250.69 mi1, Bedford Villas, Wrythe Green Road, Carshalton SM5 2QT2
£260K03/230.69 mi4, Clowser Close, Sutton, Greater London SM1 4TP2
£265K01/250.69 mi9, Dover Gardens, Carshalton SM5 2LD2

Local Rents

49 rents from £975/mo to £2.1K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,50009/240.06 miWynash Gardens, Carshalton, SM52
£1,55009/250.07 miWynash Gardens, Carshalton, SM52
£1,55011/250.08 mi-2
£1,55007/250.09 miWynash Gardens, Carshalton, SM52
£1,45007/250.1 miWynash Gardens, Carshalton, SM52
£1,60007/250.11 miWynash Gardens, Carshalton, SM52
£1,45002/240.11 miCarshalton Road, Carshalton, SM52
£2,00009/250.12 miCarshalton Road, Carshalton, SM52
£1,50010/250.12 mi-2
£2,00011/250.18 miPark Hill, Carshalton, Greater London, SM52
£1,55008/240.2 miPound Street, Carshalton2
£1,70002/240.23 miAlpine View, Carshalton2
£1,65010/250.24 miWeihurst Court, Sutton2
£1,50011/250.27 miCarshalton Park Road, Carshalton, Greater London, SM52
£97507/250.29 miGordon Road, Carshalton Beeches, Surrey2
£1,80008/240.3 miCroft Road, Sutton, SM12
£1,65008/250.32 miCarshalton Road Sutton SM12
£1,50001/250.34 mi-2
£1,32510/250.34 miDunbar Court, 2a Carshalton Grove, Sutton, Surrey, SM12
£1,50002/240.34 mi-2
£1,80010/250.35 miCarshalton Grove, Sutton, SM12
£1,60010/250.35 mi-2
£2,00009/250.37 miUpland Road, Sutton2
£1,85008/250.39 mi-2
£1,80007/250.4 mi-2
£1,95006/250.4 mi-2
£1,95006/250.4 miCarshalton Road, Sutton, SM12
£1,92509/240.41 miWest Street Lane, Carshalton, SM52
£1,65003/250.41 mi-2
£1,65007/250.41 mi-2
£1,65007/250.41 miRelko Gardens, Sutton, SM12
£1,60006/250.41 miRelko Gardens Sutton SM12
£2,05007/250.41 miCarshalton Road, SUTTON2
£1,40008/250.42 mi-2
£99507/250.43 miWest Street, Carshalton Village2
£99507/250.43 miWest Street, Carshalton Village2
£1,55010/250.43 miSutton Grove Sutton SM12
£1,35008/240.43 miWest Street, Carshalton Village, Surrey, SM52
£2,00006/250.44 miColston Avenue, Carshalton2
£2,10009/240.45 miUpland Road, Sutton, Surrey, SM22
£1,95011/240.45 mi-2
£1,77502/250.45 mi-2
£1,85009/240.45 mi-2
£1,50008/240.46 miWest Street Lane, Carshalton, Surrey, SM52
£1,59503/250.46 mi-2
£1,75006/250.47 miHigh Street, Carshalton2
£1,55007/250.47 miCarshalton2
£1,77510/240.48 mi-2
£1,95009/240.48 miWaterloo Road, Sutton, SM12

Local Area Statistics

Population in SM5

37,962

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £290,000

February 13, 2025

Listed for £300,000

January 3, 2025

Floor Plans

Property image

Description

  • Share of Freehold & Long Lease +
  • First Floor Period Conversion +
  • Allocated Parking +
  • No Onward Chain +
  • Walking distance to both Carshalton & Carshalton Beeches station +
  • Ideal Fist Time or Investment Purchase (Approx 5% Rental Yield) +
  • Council Tax Band: C +
  • EPC Rating: D +

Guide Price £290,000 - £300,000
Forming part of an impressive period property, this first floor conversion is ideally located on popular residential road within walking distance of both Carshalton Beeches and Carshalton Village. The bright accommodation consists of an entrance hall with security entry system, reception room, fitted kitchen with integrated oven and gas hob, two bedrooms and a bathroom. Additional features include gas central heating, well maintained communal entrance and gardens, and allocated parking. The property is being sold with a share of the freehold, long lease and no onward chain.
Perfectly located between Carshalton Beeches and Village, there is a varied of choice of shops, restaurants and recreational amenities nearby. A number of bus routes, and both Carshalton and Carshalton Beeches station are all within walking distance, providing plenty of local travel options and direct links to central London. Service Charge £960pa.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows;

GCB240238/2

Agent Details

Goodfellows, Carshalton Beeches

020 3907 3511

Next Steps?

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