2 Bed Flat, Single Let, London, SW4 6SS, £375,000

Binfield Road, London, SW4 6SS - 3 months ago

Leasehold

BTL

ROI: 2%

~76 m²

+6 photos

ValuationUndervalued

Sold Prices	£267K - £1.2M
Sold Prices/m²	£3K/m² - £13.9K/m²

Square Metres	~75.81 m²
Price/m²	£4.9K/m²
Value Estimate	£450,000£450,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£122,450£122,450

Cash Out
Rent Range	£1,450 - £3,650£1,450 - £3,650
Rent Estimate	£1,800
Running Costs/mo	£1,552£1,552
Cashflow/mo	£248£248
Cashflow/yr	£2,978£2,978
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £267K to £1.2M, average is £410K. £3K/m² to £13.9K/m², average is £7.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	06/21	0 mi	Flat 22, Edrich House, Binfield Road, London, Greater London SW4 6SS	-	-	2	Flat
£390K	06/21	0.07 mi	Flat 72, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED	-	-	2	Flat
£370K	02/21	0.07 mi	Flat 73, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED	-	-	2	Flat
£407.5K	03/21	0.08 mi	Flat 18, Hartington Court, Lansdowne Way, London, Greater London SW8 2EB	-	-	2	Flat
£360K	08/21	0.11 mi	Flat 5, Mobey Court, Studley Road, London, Greater London SW4 6RS	-	-	2	Flat
£427K	07/23	0.13 mi	Flat 23, Squires Court, Binfield Road, London, Greater London SW4 6TD	-	-	2	Flat
£400K	12/20	0.14 mi	Flat 62, Cornwallis Court, Lansdowne Green, London, Greater London SW8 2NX	-	-	2	Flat
£270K	03/23	0.15 mi	Flat 23, Kelvedon House, Guildford Road, London, Greater London SW8 2DN	-	-	2	Flat
£270K	11/23	0.15 mi	Flat 52, Kelvedon House, Guildford Road, London, Greater London SW8 2DW	-	-	2	Flat
£267K	01/23	0.15 mi	Flat 7, Kelvedon House, Guildford Road, London, Greater London SW8 2DN	-	-	2	Flat
£410K	01/21	0.16 mi	Flat 21, Jephson Court, Studley Road, London, Greater London SW4 6SB	-	-	2	Flat
£560K	08/21	0.16 mi	229d, South Lambeth Road, London, Greater London SW8 1XR	-	-	2	Flat
£415K	09/21	0.18 mi	Flat 29, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT	-	-	2	Flat
£375K	09/21	0.18 mi	Flat 5, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT	-	-	2	Flat
£410K	06/21	0.19 mi	11, Spencer Mews, London, Greater London SW8 1HF	£9,318	44	2	Flat
£395K	01/21	0.19 mi	Ground Floor Flat, 53, Thorne Road, London, Greater London SW8 2BY	-	-	2	Flat
£416K	07/23	0.21 mi	Flat 25, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ	-	-	2	Flat
£435K	05/23	0.21 mi	Flat 24, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ	-	-	2	Flat
£375K	03/21	0.22 mi	Flat 18, Gover Court, Paradise Road, London, Greater London SW4 6QN	-	-	2	Flat
£425K	11/20	0.24 mi	Flat 25, Tillotson Court, Wandsworth Road, London, Greater London SW8 2NH	-	-	2	Flat
£345K	04/21	0.26 mi	Flat 44, Acland House, Stockwell Gardens Estate, London, Greater London SW9 9AD	-	-	2	Flat
£340K	11/21	0.26 mi	Flat 24, Sheldon Court, Lansdowne Green, London, Greater London SW8 2BE	-	-	2	Flat
£270K	09/21	0.27 mi	Flat 42, Rundell Tower, Portland Grove, London, Greater London SW8 1JD	-	-	2	Flat
£305K	12/23	0.27 mi	65, Tradescant Road, London, Greater London SW8 1XJ	£2,961	103	2	Flat
£465K	01/21	0.29 mi	8, Courland Grove, London, Greater London SW8 2PX	£7,154	65	2	Flat
£420K	10/23	0.29 mi	93, Stockwell Gardens, London, Greater London SW9 0RZ	£7,636	55	2	Flat
£481.2K	09/23	0.29 mi	Flat 10, Lang House, Hartington Road, London, Greater London SW8 2HT	-	-	2	Flat
£353.3K	06/23	0.3 mi	Flat 13, Webb House, Hemans Street, London, Greater London SW8 4SU	-	-	2	Flat
£346K	02/23	0.31 mi	95, Hampson Way, London, Greater London SW8 1HX	£5,014	69	2	Flat
£445K	02/21	0.31 mi	Flat 12, Courthope House, Hartington Road, London, Greater London SW8 2HS	-	-	2	Flat
£370K	09/21	0.32 mi	Flat 22, Enfield House, Stockwell Road, London, Greater London SW9 9HB	-	-	2	Flat
£500K	06/21	0.34 mi	8, Mill Pond Close, London, Greater London SW8 4SN	£7,463	67	2	Flat
£1.2M	06/21	0.35 mi	6, St Michaels Road, London, Greater London SW9 0SL	£6,154	195	2	Flat
£360K	06/23	0.35 mi	Flat 10, Kneller House, Union Grove, London, Greater London SW8 2RR	-	-	2	Flat
£473.4K	09/23	0.35 mi	92, Crimsworth Road, London, Greater London SW8 4RL	£13,945	34	2	Flat
£758.8K	07/23	0.35 mi	Flat B, 41, Stockwell Road, London, Greater London SW9 9QB	-	-	2	Flat
£465K	01/23	0.35 mi	Flat 4, Stamford Buildings, South Lambeth Road, London, Greater London SW8 1UY	-	-	2	Flat
£510K	12/20	0.36 mi	First Floor Flat, 30, Albert Square, London, Greater London SW8 1DA	£10,408	49	2	Flat
£350K	03/21	0.37 mi	Flat 42, Aston House, Wandsworth Road, London, Greater London SW8 4ER	-	-	2	Flat
£350K	06/21	0.37 mi	Flat 89, Victoria Mansions, South Lambeth Road, London, Greater London SW8 1QU	£7,447	47	2	Flat
£625K	04/23	0.37 mi	3, Printers Road, London, Greater London SW9 0BH	£7,703	81	2	Flat
£318K	01/23	0.39 mi	Flat 18, Croxteth House, Wandsworth Road, London, Greater London SW8 2RX	-	-	2	Flat
£340K	05/23	0.4 mi	Flat 33, Farnley House, Union Grove, London, Greater London SW8 2RT	-	-	2	Flat
£590K	06/23	0.4 mi	160a, Old South Lambeth Road, London, Greater London SW8 1XX	-	-	2	Flat
£520K	04/23	0.4 mi	Flat D, 80, Union Road, London, Greater London SW4 6JU	-	-	2	Flat
£432.5K	03/21	0.42 mi	Flat 17, Oliver House, Wyvil Road, London, Greater London SW8 2SX	-	-	2	Flat
£437K	10/23	0.42 mi	Flat 46, Rusper Court, Clapham Road, London, Greater London SW9 9EQ	-	-	2	Flat
£565K	08/23	0.43 mi	42, Stane Grove, London, Greater London SW9 9AL	£6,278	90	2	Flat
£530K	08/21	0.43 mi	13, Bakery Close, London, Greater London SW9 0EB	£8,791	60	2	Flat
£495K	09/21	0.43 mi	96, Liberty Street, London, Greater London SW9 0EF	£5,955	83	2	Flat

Local Rents

50 rents from £1.4K/mo to £3.6K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,650	09/24	0.04 mi	Larkhall Lane London SW4	2	Flat
£1,800	09/24	0.11 mi	Studley Road London SW4	2	Flat
£3,000	09/24	0.14 mi	Priory Grove, London, SW8	2	Terraced House
£2,000	03/25	0.15 mi	-	2	Flat
£2,649	03/25	0.15 mi	-	2	Flat
£2,750	10/24	0.15 mi	-	2	Flat
£2,500	03/25	0.15 mi	-	2	Flat
£1,450	11/24	0.18 mi	-	2	Flat
£2,350	12/24	0.19 mi	-	2	Flat
£2,700	02/25	0.19 mi	-	2	Flat
£2,492	09/24	0.19 mi	Thorne Road, London SW8	2	Flat
£3,597	09/24	0.2 mi	Hamilton House, 6 St. George Wharf, Vauxhall, London, UK, SW8	2	Flat
£2,200	09/24	0.2 mi	Lansdowne Way, London SW8	2	Flat
£2,150	10/24	0.22 mi	-	2	Flat
£2,600	11/24	0.23 mi	-	2	Flat
£2,600	12/24	0.23 mi	-	2	Flat
£2,383	01/25	0.23 mi	-	2	Flat
£2,100	12/24	0.23 mi	-	2	Flat
£1,995	12/24	0.23 mi	-	2	Flat
£2,800	09/24	0.23 mi	Southville, London	2	Flat
£2,000	09/24	0.24 mi	Wandsworth Road, Vauxhall, London, SW8	2	Flat
£2,550	10/24	0.24 mi	-	2	Flat
£2,000	09/24	0.25 mi	-	2	Flat
£3,500	03/25	0.25 mi	-	2	Flat
£1,600	02/25	0.26 mi	-	2	Flat
£2,100	09/24	0.27 mi	-	2	Flat
£2,100	10/24	0.27 mi	-	2	Flat
£2,000	09/24	0.27 mi	Amesbury Tower, Wandsworth Road, London	2	Flat
£2,450	09/24	0.28 mi	Courland Grove, South Lambeth, SW8	2	Flat
£2,350	09/24	0.28 mi	-	2	House
£2,350	09/24	0.28 mi	Wandsworth Road, London, SW8	2	Flat
£2,700	09/24	0.28 mi	Cornell Square, Nine Elms, SW8	2	Flat
£2,600	09/24	0.29 mi	Cornell Square, Wandsworth Road, SW8	2	Flat
£2,500	09/24	0.29 mi	Apartment 92, London	2	Flat
£2,600	09/24	0.29 mi	Cornell Square London SW8	2	Flat
£2,500	09/24	0.29 mi	This Space, 3 Cornell Square, London, SW8	2	Flat
£2,350	11/24	0.29 mi	-	2	Flat
£2,400	09/24	0.29 mi	-	2	House
£2,200	01/25	0.29 mi	-	2	Flat
£2,375	02/25	0.29 mi	-	2	Flat
£2,300	03/25	0.29 mi	-	2	Flat
£2,450	09/24	0.29 mi	Courland Grove, London, SW8	2	Flat
£2,450	09/24	0.29 mi	-	2	House
£2,400	01/25	0.3 mi	-	2	Flat
£2,000	09/24	0.3 mi	Hampson Way, London SW8	2	Flat
£3,450	03/25	0.31 mi	-	2	Flat
£2,150	03/25	0.31 mi	-	2	Flat
£3,100	09/24	0.31 mi	-	2	Flat
£2,999	09/24	0.31 mi	-	2	Flat
£2,100	10/24	0.31 mi	-	2	Flat

Local Area Statistics

Population in SW4	39,63339,633
Population in London	4,771,9214,771,921
Town centre distance	3.81 miles away3.81 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+22%+22%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+5%+5%

Property History

Price changed to £375,000

March 20, 2025

Listed for £425,000

January 3, 2025

Floor Plans

Description

Two Double Bedrooms +
Split Level +
Balcony +
Chain Free +
Walking Distance to Stockwell Underground Station +

SUMMARY
£375,000-£400,000

We are delighted to introduce to you this beautifully presented two double bedroom, split level flat situated on the very popular Edrich House, Binfield Road.

DESCRIPTION
£375,000-£400,000

We are delighted to introduce to you this beautifully presented two double bedroom, split level flat situated on the very popular Edrich House, Binfield Road. This property offers a large reception room with floods of natural light, balcony, kitchen with fitted appliances, three piece family bathroom and two double bedrooms.

Edrich House is superbly located amongst an array of local shops, supermarkets, transport links and restaurants. This property is within walking distance to Stockwell Underground Station.

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, Clapham

020 3872 3732

Next Steps?

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

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