2 Bed Flat, Single Let, London, SW2 3SA, £325,000

Holmewood Gardens, London, SW2 3SA - 2 months ago

Under Offer
Leasehold
BTL
ROI: 4%
~65 m²
+4 photos

ValuationUndervalued

Sold Prices£260K - £650K
Sold Prices/m²£3.6K/m² - £14K/m²

 

 

Square Metres

~64.70 m²
Price/m²£5K/m²

Value Estimate

£393,250
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,733 - £2,600

Rent Estimate

£1,662

Running Costs/mo

£1,368

Cashflow/mo

£294

Cashflow/yr

£3,528

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £260K to £650K, average is £487K. £3.6K/m² to £14K/m², average is £7.6K/m².

PriceDateDistanceAddressBeds 
£300K11/200.05 miFlat 38, Warnham House, Upper Tulse Hill, London, Greater London SW2 2SA2
£525K02/230.1 mi6, Brading Road, London, Greater London SW2 2AN2
£365K02/230.1 miFlat 11, Elstead House, Redlands Way, London, Greater London SW2 3LT2
£590K03/230.11 mi16, Brading Road, London, Greater London SW2 2AN2
£499K10/200.13 mi14a, Maplestead Road, London, Greater London SW2 3LX2
£560K03/210.13 miFlat A, 9, Maplestead Road, London, Greater London SW2 3LX2
£315K05/230.13 miFlat 2, Tanhurst House, Redlands Way, London, Greater London SW2 3LS2
£297.5K11/210.14 mi256b, Brixton Hill, London, Greater London SW2 1HF2
£445K02/230.16 mi45, Doverfield Road, London, Greater London SW2 5NF2
£425K06/210.16 mi53, Doverfield Road, London, Greater London SW2 5NF2
£395K05/230.16 mi47, Doverfield Road, London, Greater London SW2 5NF2
£550K03/210.16 mi18b, Elm Park, London, Greater London SW2 2UB2
£650K06/210.18 mi31, Doverfield Road, London, Greater London SW2 5NE2
£565.6K07/230.18 mi9, Doverfield Road, London, Greater London SW2 5NE2
£510K05/210.19 mi48, Doverfield Road, London, Greater London SW2 5NB2
£526.5K06/210.2 miGround Floor Flat, 9, Cotherstone Road, London, Greater London SW2 3NE2
£581.3K05/210.2 mi25, Dumbarton Road, London, Greater London SW2 5LX2
£550K06/210.2 miGround Floor Flat, 10, Dumbarton Road, London, Greater London SW2 5LU2
£610K06/210.2 mi38, Dumbarton Road, London, Greater London SW2 5LU2
£410K12/200.23 miFlat 21, Christchurch House, Christchurch Road, London, Greater London SW2 3UA2
£300K06/210.23 mi8, Saxby Road, London, Greater London SW2 4JU2
£590K01/230.23 miGround Floor Flat, 20, Sulina Road, London, Greater London SW2 4EJ2
£600K11/200.24 miFlat A, 47, Medora Road, London, Greater London SW2 2LW2
£547.5K07/230.24 miFirst Floor Flat, 45, Medora Road, London, Greater London SW2 2LW2
£475K03/210.26 mi104a, Kingswood Road, London, Greater London SW2 4JL2
£535K11/200.26 mi104b, Kingswood Road, London, Greater London SW2 4JL2
£325K01/210.27 mi1, Saxby Road, London, Greater London SW2 4JS2
£565K09/210.28 miUpper Maisonette, 2, Chale Road, London, Greater London SW2 4JB2
£300K06/230.29 mi28, Wingford Road, London, Greater London SW2 4DS2
£575K07/230.3 mi92a, Kingswood Road, London, Greater London SW2 4JJ2
£500K04/210.31 miFirst Floor Flat, 1, Wingford Road, London, Greater London SW2 4DR2
£630K03/210.32 mi36, Fairmount Road, London, Greater London SW2 2BL2
£430K10/210.34 mi25b, Montrell Road, London, Greater London SW2 4QD2
£580.2K09/210.35 mi13a, Helix Road, London, Greater London SW2 2JR2
£645K12/200.35 mi73, Arodene Road, London, Greater London SW2 2BQ2
£603.5K05/210.37 mi75a, Tierney Road, Streatham, London, Greater London SW2 4QH2
£357.5K11/200.38 mi15, Roupell Road, London, Greater London SW2 3EL2
£575K07/230.38 mi10b, Kingswood Road, London, Greater London SW2 4JF2
£280K04/230.38 miFlat 25, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£335K07/230.38 miFlat 12, Lomley House, Tulse Hill, London, Greater London SW2 2EW2
£415K04/210.39 miFlat 216, Pullman Court, Streatham Hill, London, Greater London SW2 4TA2
£260K05/210.4 miFlat 93, Purser House, Tulse Hill, London, Greater London SW2 2JB2
£350K06/210.43 miFlat 72, Cameford Court, New Park Road, London, Greater London SW2 4LJ2
£325K06/210.44 miFlat 5, Tebbs House, Upper Tulse Hill, London, Greater London SW2 2PJ2
£359.5K03/210.47 mi138, Glanville Road, London, Greater London SW2 5DF2
£382K01/230.49 miFlat 72, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW2
£365K09/210.49 miFlat 58, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW2
£387.5K10/210.49 miFlat 79, Wavertree Court, Streatham Hill, London, Greater London SW2 4TW2
£375K04/230.49 miFlat 47, Wavertree Court, Streatham Hill, London, Greater London SW2 4TN2
£629.8K07/230.51 miFlat A, 37, Trent Road, London, Greater London SW2 5BJ2

Local Rents

50 rents from £1.7K/mo to £2.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,00009/240.07 miWimbart Road, Brixton Hill, London, SW22
£2,40009/240.08 miUpper Tulse Hill, Brixton2
£1,75009/240.08 miUpper Tulse Hill, Brixton Hill2
£2,00009/240.09 mi-2
£2,00009/240.09 miUpper Tulse Hill, London, SW22
£2,20002/240.09 mi-2
£2,00001/250.09 mi-2
£2,25009/240.09 mi-2
£2,30009/240.1 miUpper Tulse Hill, Brixton Hill, London, SW22
£1,99510/240.1 mi-2
£1,95011/240.11 mi-2
£1,99809/240.13 miSomers Road, Brixton2
£2,10003/250.14 mi-2
£2,10009/240.14 mi-2
£2,10012/240.14 mi-2
£2,10001/250.14 mi-2
£2,00009/240.14 miSomers Road, Brixton, SW22
£2,20009/240.14 mi-2
£2,20009/240.14 miCraster Road, Brixton2
£1,95009/240.14 mi-2
£1,95009/240.14 miCraster Road, London, SW22
£2,00003/250.15 mi-2
£2,00003/250.15 mi-2
£1,95009/240.15 mi-2
£1,95009/240.15 miDumbarton Court, Brixton Hill, SW22
£2,10009/240.15 miElm Park, Brixton, London, SW22
£2,52509/240.16 mi-2
£2,00009/240.17 miDumbarton Road, Brixton, SW22
£2,10001/250.17 mi-2
£1,95009/240.17 miNew Park Road, London, SW22
£1,95009/240.17 mi-2
£2,38011/240.17 mi-2
£2,40009/240.18 miElm Park, Brixton Hill2
£2,30011/240.19 mi-2
£1,85002/250.19 mi-2
£1,80010/240.19 mi-2
£1,75012/240.19 mi-2
£2,30009/240.19 miCotherstone Road, Tulse Hill2
£2,60002/240.2 mi-2
£2,60011/240.2 mi-2
£2,15011/240.2 mi-2
£2,17003/250.2 mi-2
£2,30001/250.2 mi-2
£2,00009/240.2 miMorrish Road, Brixton2
£1,99501/250.21 mi-2
£1,73309/240.21 miEndymion Road, SW22
£2,20003/250.21 mi-2
£2,39510/240.21 mi-2
£1,80012/240.21 mi-2
£2,00012/240.22 mi-2

Local Area Statistics

Population in SW2

54,204

Population in London

4,771,921

Town centre distance

5.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Price changed to £325,000

February 4, 2025

Listed for £340,000

January 15, 2025

Floor Plans

Description

  • Second Floor Purpose Built Flat +
  • Two Double Bedrooms +
  • Immaculate Condition +
  • Residents' Permit Parking +
  • Close Proximity To Brockwell Park And Brixton +
  • Excellent Transport Links Into The City +
  • Well Kept Communal Gardens +
  • Maintenance Includes Gas Heating And Servicing +

The Property
GUIDE PRICE: £325,00 - £330,000: A lovingly cared for and beautifully presented two-bedroom second-floor flat situated in the much sought-after Brixton Hill.

This property boasts two well-proportioned bedrooms with built-in storage, a spacious reception/dining room, a newly renovated beautiful three-piece bathroom suite, and a modern, fully equipped kitchen with induction hob and built in dishwasher and fridge freezer.

The property benefits from lift access, residents parking, access to a new sports pitch and its own vegetable box.

Located on Brixton Hill, the property is surrounded by an array of local amenities including Brockwell Park and lido and Brixton Village with its popular cafes, bars, shops, and restaurants. The connections are excellent with direct access to central London and beyond from Brixton tube station, Brixton, Streatham Hill and Clapham North train stations, and many frequent bus services.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 06/11/2125

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering South West London

020 3897 7789

Next Steps?

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