2 Bed Flat, Single Let, London, SW2 3EG £300,000

Palace Road, London, SW2 3EG - 10 months ago

Sold STC

Leasehold

BTL

~80 m²

ValuationUndervalued

Sold Prices	£250K - £1.6M
Sold Prices/m²	£3K/m² - £13.8K/m²

Square Metres	~79.80 m²
Price/m²	£3.8K/m²
Value Estimate	£372,000£372,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£925 - £2,600£925 - £2,600
Rent Estimate	£1,238
Running Costs/mo	£1,205£1,205
Cashflow/mo	£33£33
Cashflow/yr	£395£395
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £1.6M, average is £443.5K. £3K/m² to £13.8K/m², average is £7.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	03/25	0.02 mi	38, 39 Baly House, Palace Road, London SW2 3EG	£3,247	77	2	Flat
£415K	03/25	0.06 mi	37 Ducavel House, 2, Palace Road, London SW2 3EB	£5,000	83	2	Flat
£515K	03/25	0.2 mi	60 62, Flat 3, Palace Road, London SW2 3NR	£6,959	74	2	Flat
£575K	01/25	0.21 mi	96, Wyatt Park Road, London SW2 3TP	£7,667	75	2	Flat
£465K	11/21	0.21 mi	118a, Cricklade Avenue, London, Greater London SW2 3HH	£8,304	56	2	Flat
£567.5K	08/23	0.23 mi	261, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£13,841	41	2	Flat
£550K	04/23	0.23 mi	197, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BH	£8,333	66	2	Flat
£500K	02/25	0.24 mi	3a Harford Court, Flat 4, Palace Road, London SW2 3DY	£7,692	65	2	Flat
£480K	06/21	0.28 mi	139, Barcombe Avenue, Streatham Hill, London, Greater London SW2 3BQ	£7,059	68	2	Flat
£325K	04/25	0.28 mi	1, Saunders House, Tulse Hill, London SW2 3PJ	£5,603	58	2	Flat
£382K	01/23	0.31 mi	Flat 72, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£364.1K	01/25	0.31 mi	Corner Fielde, 65, Streatham Hill, London SW2 4TJ	£5,780	63	2	Flat
£365K	09/21	0.31 mi	Flat 58, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£387.5K	10/21	0.31 mi	Flat 79, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW	-	-	2	Flat
£485K	06/21	0.32 mi	110b, Barcombe Avenue, London, Greater London SW2 3BA	-	-	2	Flat
£365K	01/25	0.32 mi	Wavertree Court, 39, Streatham Hill, London SW2 4TN	£6,293	58	2	Flat
£375K	04/23	0.33 mi	Flat 47, Wavertree Court, Streatham Hill, London, Greater London SW2 4TN	-	-	2	Flat
£325K	06/21	0.34 mi	Flat 5, Tebbs House, Upper Tulse Hill, London, Greater London SW2 2PJ	-	-	2	Flat
£440K	03/25	0.35 mi	34, Keymer Road, London SW2 3AP	£8,000	55	2	Flat
£585K	03/23	0.35 mi	38a, Hitherfield Road, London, Greater London SW16 2LN	-	-	2	Flat
£382.5K	07/25	0.35 mi	100, Palace Road, London SW2 3JZ	-	-	2	Flat
£550K	02/23	0.35 mi	22, Hailsham Avenue, London, Greater London SW2 3AH	-	-	2	Flat
£522.5K	08/25	0.36 mi	142, Amesbury Avenue, London SW2 3AB	-	-	2	Flat
£495K	06/21	0.38 mi	128, Amesbury Avenue, London, Greater London SW2 3AB	£8,534	58	2	Flat
£336K	03/25	0.38 mi	Wray House, 16, Streatham Hill, London SW2 4AR	£6,222	54	2	Flat
£435K	03/25	0.38 mi	Flat A, 60, Holmewood Gardens, London SW2 3NB	-	-	2	Flat
£526.5K	06/21	0.38 mi	Ground Floor Flat, 9, Cotherstone Road, London, Greater London SW2 3NE	-	-	2	Flat
£350K	08/25	0.38 mi	87, Upper Tulse Hill, London SW2 2RA	-	-	2	Flat
£680K	08/21	0.38 mi	2a, Probyn Road, London, Greater London SW2 3LH	-	-	2	Flat
£525K	01/25	0.39 mi	56, Flat 3, Romola Road, London SE24 9AZ	£8,607	61	2	Flat
£403K	08/25	0.39 mi	27, Stockfield Road, London SW16 2LU	-	-	2	Flat
£349K	09/21	0.39 mi	28c, Romola Road, London, Greater London SE24 9AZ	-	-	2	Flat
£668.3K	02/25	0.4 mi	26, Ground Floor Flat, Romola Road, London SE24 9AZ	£7,956	84	2	Flat
£490K	06/25	0.41 mi	Flat 3, 22, Romola Road, London SE24 9AZ	-	-	2	Flat
£490K	06/25	0.41 mi	Flat 3, 22, Romola Road, London SE24 9AZ	£4,936	99	2	Flat
£387.5K	04/25	0.43 mi	50, Christchurch House, Christchurch Road, London SW2 3UB	£6,798	57	2	Flat
£447K	03/23	0.44 mi	9c, Deerbrook Road, London, Greater London SE24 9BE	£8,278	54	2	Flat
£420K	03/25	0.44 mi	3, Tierney Road, London SW2 4QL	£10,574	40	2	Flat
£331.5K	06/21	0.44 mi	167b, Knollys Road, London, Greater London SW16 2JP	-	-	2	Flat
£304.5K	06/23	0.44 mi	51, Mountearl Gardens, London, Greater London SW16 2NL	£5,075	60	2	Flat
£550K	03/25	0.45 mi	237a, Flat 10, Brixton Hill, London SW2 1EQ	£7,432	74	2	Flat
£1.6M	11/24	0.45 mi	20, Berwyn Road, London SE24 9BD	£8,177	192	2	Flat
£500K	07/25	0.47 mi	Flat A, 124, Knollys Road, London SW16 2JU	-	-	2	Flat
£495K	03/25	0.48 mi	Flat 4, 31, Trinity Rise, London SW2 2QP	£8,390	59	2	Flat
£500K	01/25	0.48 mi	2, Apartment 11, Gaumont Place, London SW2 4FY	£6,494	77	2	Flat
£365K	02/23	0.49 mi	Flat 11, Elstead House, Redlands Way, London, Greater London SW2 3LT	-	-	2	Flat
£430K	10/21	0.49 mi	25b, Montrell Road, London, Greater London SW2 4QD	-	-	2	Flat
£425K	03/23	0.5 mi	Ground Floor Flat, 112, Norwood Road, London, Greater London SE24 9BB	£2,972	143	2	Flat
£365K	05/25	0.5 mi	Flat B, 13, Thurlow Park Road, London SE21 8JB	-	-	2	Flat
£650K	05/23	0.5 mi	Flat B, 5, Killieser Avenue, London, Greater London SW2 4NU	-	-	2	Flat

Local Rents

50 rents from £925/mo to £2.6K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	09/24	0.06 mi	Bushell Close, London, SW2	2	Flat
£2,200	05/25	0.11 mi	-	2	Flat
£1,700	11/25	0.11 mi	-	2	Flat
£1,700	11/25	0.11 mi	Palace Road, London, SW2	2	Flat
£2,100	06/25	0.12 mi	-	2	Flat
£2,100	06/25	0.12 mi	Palace Court, London, SW2	2	Flat
£1,746	09/25	0.15 mi	Downton Avenue	2	Flat
£1,850	02/24	0.16 mi	-	2	Flat
£1,850	04/25	0.16 mi	-	2	Flat
£1,999	07/25	0.16 mi	-	2	Flat
£1,850	10/25	0.16 mi	-	2	Flat
£1,750	08/25	0.17 mi	Roupell Road, London, SW2	2	Flat
£2,000	09/25	0.19 mi	-	2	Flat
£2,000	06/25	0.2 mi	Wyatt Park Road, Streatham Hill	2	Flat
£1,550	09/24	0.2 mi	-	2	Flat
£1,700	09/24	0.2 mi	-	2	Flat
£1,550	09/24	0.2 mi	-	2	Flat
£1,700	09/25	0.2 mi	-	2	Flat
£2,150	07/25	0.2 mi	Palace Road, London	2	Flat
£2,250	11/25	0.2 mi	Wyatt Park Road, London, SW2	2	Flat
£2,250	05/25	0.21 mi	-	2	Flat
£2,350	06/25	0.21 mi	Wyatt Park Road, London, SW2	2	Flat
£2,300	05/25	0.21 mi	-	2	Flat
£2,100	09/24	0.22 mi	-	2	Flat
£1,995	11/24	0.22 mi	-	2	Flat
£2,250	09/25	0.22 mi	Palace Road, Streatham Hill, SW2	2	Flat
£2,550	01/25	0.23 mi	-	2	Flat
£2,100	07/25	0.23 mi	Christchurch Road, Tulse Hill	2	Flat
£2,250	10/25	0.23 mi	95 Downton Avenue, Streatham Hill, London, SW2	2	Flat
£1,750	11/25	0.24 mi	Upper Tulse Hill, London, SW2	2	Flat
£2,100	09/24	0.25 mi	Christchurch Road, London SW2 3EX	2	Flat
£1,950	08/25	0.25 mi	Christchurch Road, London SW2 3EX	2	Flat
£1,800	06/25	0.25 mi	Palace Road, Tulse Hill, SW2	2	Flat
£2,450	09/24	0.25 mi	Palace Road, London, SW2	2	Flat
£925	08/25	0.25 mi	-	2	Flat
£1,850	06/25	0.26 mi	-	2	Flat
£2,200	08/25	0.26 mi	-	2	Flat
£2,100	09/24	0.26 mi	Barcombe Avenue, Streatham Hill, SW2	2	Flat
£2,250	09/24	0.26 mi	-	2	Flat
£2,300	04/25	0.27 mi	-	2	Flat
£2,600	09/24	0.27 mi	SW2 2RD	2	Flat
£1,800	08/25	0.27 mi	-	2	Flat
£1,900	09/24	0.27 mi	-	2	Flat
£1,999	09/25	0.27 mi	Amesbury Avenue, London, SW2	2	Flat
£1,999	09/25	0.27 mi	-	2	Flat
£2,400	10/25	0.27 mi	-	2	Flat
£2,000	10/25	0.27 mi	Upper Tulse Hill, Brixton	2	Flat
£2,000	09/24	0.28 mi	-	2	Flat
£1,798	09/24	0.28 mi	Amesbury Avenue, Streatham Hill, SW2	2	Flat
£1,975	08/25	0.28 mi	Saunders House, London, SW2	2	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	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Price changed to £300,000

March 16, 2025

Price changed to £325,000

January 31, 2025

Listed for £335,000

January 11, 2025

Floor Plans

Description

Two bedrooms +
One bathroom +
Split-level +
No onward chain +
Good transport links +

A two bedroom split-level apartment, offering a unique layout spread over two levels. Situated in the sought-after area of SW2, Palace Road, the property benefits from proximity to transport links, local amenities, and green spaces such as Brockwell Park.

The property comprises a spacious reception room, with a large window allowing for plenty of natural light, two good sized bedrooms, family bathroom and a large kitchen diner.

The property is close to a range of transport options, including bus services and rail links from nearby stations (e.g., Brixton, which is a short distance away and offers easy access to the Victoria Line).

Perfect for investors and first time buyers alike, this property is offered to the market with no onward chain.

Agent Details

Stirling Ackroyd Sales, Streatham

020 3879 5197

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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