2 Bed Flat, Single Let, London, SW18 2AQ, £375,000

Bembridge House, 1 Iron Mill Road, SW18 2AQ - 3 months ago

Leasehold

BTL

ROI: 3%

~65 m²

+4 photos

ValuationUndervalued

Sold Prices	£280K - £940K
Sold Prices/m²	£4.9K/m² - £10.7K/m²

Square Metres	~64.75 m²
Price/m²	£5.8K/m²
Value Estimate	£457,500£457,500
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£119,950£119,950

Cash Out
Rent Range	£1,650 - £3,200£1,650 - £3,200
Rent Estimate	£1,838
Running Costs/mo	£1,559£1,559
Cashflow/mo	£279£279
Cashflow/yr	£3,342£3,342
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £280K to £940K, average is £495K. £4.9K/m² to £10.7K/m², average is £8.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	01/21	0.04 mi	Flat 11, Swanmore Court, Garton Place, London, Greater London SW18 2AY	-	-	2	Flat
£465K	07/23	0.04 mi	85a, Allfarthing Lane, London, Greater London SW18 2AS	-	-	2	Flat
£565K	01/21	0.07 mi	13, Daphne Street, London, Greater London SW18 2BJ	£8,309	68	2	Flat
£601K	03/21	0.07 mi	74, Aslett Street, London, Greater London SW18 2BQ	£7,273	83	2	Flat
£625K	12/20	0.08 mi	107, Aslett Street, London, Greater London SW18 2BG	£9,058	69	2	Flat
£465K	03/21	0.1 mi	11, Delia Street, London, Greater London SW18 2BT	£8,807	53	2	Flat
£465K	03/21	0.1 mi	11, Delia Street, London, Greater London SW18 2BT	£8,807	53	2	Flat
£400K	08/23	0.1 mi	7, Delia Street, London, Greater London SW18 2BT	£7,407	54	2	Flat
£445K	07/23	0.1 mi	7c, Delia Street, London, Greater London SW18 2BT	-	-	2	Flat
£393K	05/24	0.12 mi	Merstone House, Flat 14, Borrodaile Road, London, Greater London SW18 2LF	£6,238	63	2	Flat
£393K	12/23	0.12 mi	Flat 20, Merstone House, Borrodaile Road, London, Greater London SW18 2LF	-	-	2	Flat
£400K	02/21	0.14 mi	Flat 11, Vectis Court, Borrodaile Road, London, Greater London SW18 2LE	-	-	2	Flat
£471.1K	03/21	0.15 mi	9, Berisford Mews, London, Greater London SW18 2LW	£7,247	65	2	Flat
£547K	06/21	0.16 mi	First And Second Floor Flat At, 21, Galesbury Road, London, Greater London SW18 2RL	-	-	2	Flat
£621K	10/23	0.18 mi	17, Barmouth Road, London, Greater London SW18 2DT	£9,269	67	2	Flat
£600K	07/23	0.2 mi	4b, Jeypore Road, London, Greater London SW18 2RJ	£7,317	82	2	Flat
£350K	05/23	0.21 mi	8, Shire Place, London, Greater London SW18 3BP	£6,731	52	2	Flat
£510K	04/21	0.21 mi	3, St Anns Crescent, London, Greater London SW18 2ND	-	-	2	Flat
£530K	06/21	0.22 mi	73, Bassingham Road, London, Greater London SW18 3AF	£8,281	64	2	Flat
£530K	06/21	0.22 mi	73, Bassingham Road, London, Greater London SW18 3AF	£8,281	64	2	Flat
£280K	02/23	0.23 mi	Flat 78, Wentworth Court, Garratt Lane, London, Greater London SW18 4BT	-	-	2	Flat
£635K	03/23	0.24 mi	184a - 184b, St Ann's Hill, London, Greater London SW18 2RT	-	-	2	Flat
£400K	10/21	0.26 mi	30, Kimber Road, London, Greater London SW18 4NP	£8,696	46	2	Flat
£735K	07/23	0.29 mi	92a, Melody Road, London, Greater London SW18 2QG	-	-	2	Flat
£580K	05/23	0.3 mi	76a, Earlsfield Road, London, Greater London SW18 3DN	-	-	2	Flat
£625K	03/23	0.31 mi	First Floor Flat, 93, Twilley Street, London, Greater London SW18 4NW	£10,593	59	2	Flat
£770K	02/21	0.31 mi	91a, Melody Road, London, Greater London SW18 2QQ	-	-	2	Flat
£306K	01/21	0.33 mi	Flat 43, Wentworth Court, Garratt Lane, London, Greater London SW18 4BT	-	-	2	Flat
£500K	08/21	0.37 mi	171, Earlsfield Road, London, Greater London SW18 3DD	-	-	2	Flat
£500K	06/21	0.37 mi	Upper Floor Flat, 193, Earlsfield Road, London, Greater London SW18 3DD	-	-	2	Flat
£434.3K	07/23	0.39 mi	50, Fairfield Drive, London, Greater London SW18 1DL	£6,786	64	2	Flat
£627.5K	03/21	0.39 mi	1, Farlton Road, London, Greater London SW18 3BJ	£7,844	80	2	Flat
£428K	02/21	0.42 mi	135, Merton Road, London, Greater London SW18 5EH	£10,700	40	2	Flat
£510K	09/21	0.43 mi	Flat C, 234, Earlsfield Road, London, Greater London SW18 3DX	£7,391	69	2	Flat
£575K	08/23	0.43 mi	Flat B, 234, Earlsfield Road, London, Greater London SW18 3DX	£8,582	67	2	Flat
£665K	04/23	0.45 mi	29a, Brathway Road, London, Greater London SW18 4BE	-	-	2	Flat
£400K	03/23	0.45 mi	Flat 13, Alexander Court, Wandsworth Common West Side, London, Greater London SW18 2EJ	£5,714	70	2	Flat
£510K	10/23	0.46 mi	Ground Floor Flat, 20, Camborne Road, London, Greater London SW18 4BJ	£10,408	49	2	Flat
£587.5K	01/21	0.46 mi	43a, Camborne Road, London, Greater London SW18 4BH	-	-	2	Flat
£477.5K	03/23	0.47 mi	13b, Alma Road, London, Greater London SW18 1AA	-	-	2	Flat
£460K	02/21	0.52 mi	211, Merton Road, London, Greater London SW18 5EE	£5,913	78	2	Flat
£403.8K	02/21	0.53 mi	29, Morris Gardens, London, Greater London SW18 5HL	£6,266	64	2	Flat
£593K	09/21	0.53 mi	Ground And Basement Floor Flat, 308, Earlsfield Road, London, Greater London SW18 3EH	-	-	2	Flat
£765K	06/21	0.54 mi	24, Ebner Street, London, Greater London SW18 1BT	£10,008	76	2	Flat
£490K	12/21	0.57 mi	3a, Granville Road, London, Greater London SW18 5SB	£4,851	101	2	Flat
£940K	12/21	0.57 mi	27, Granville Road, London, Greater London SW18 5SB	-	-	2	Flat
£365K	06/23	0.57 mi	Flat 34, St Quentin House, Fitzhugh Grove, London, Greater London SW18 3SE	-	-	2	Flat
£325K	06/21	0.58 mi	Second Floor Flat, 76a, Lebanon Gardens, London, Greater London SW18 1RH	-	-	2	Flat
£470K	01/21	0.58 mi	24, Spanish Road, London, Greater London SW18 2HY	£9,400	50	2	Flat
£430K	02/23	0.58 mi	Flat 21, Tower Court, Frogmore, London, Greater London SW18 1HL	-	-	2	Flat

Local Rents

50 rents from £1.6K/mo to £3.2K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	03/25	0.04 mi	-	2	Flat
£2,500	03/25	0.06 mi	-	2	Flat
£1,850	09/24	0.06 mi	-	2	Flat
£2,050	09/24	0.07 mi	Crealock Street, London, SW18	2	Flat
£1,995	09/24	0.08 mi	-	2	Flat
£1,950	11/24	0.09 mi	-	2	Flat
£1,995	12/24	0.1 mi	-	2	Flat
£2,300	10/24	0.1 mi	-	2	Flat
£2,700	11/24	0.11 mi	-	2	Flat
£2,000	09/24	0.12 mi	-	2	Flat
£1,925	03/25	0.16 mi	-	2	Flat
£2,200	03/25	0.16 mi	-	2	Flat
£2,400	10/24	0.17 mi	-	2	Flat
£2,250	09/24	0.17 mi	Berisford Mews, St Ann's Crescent, London, SW18	2	Flat
£2,380	09/24	0.18 mi	-	2	Flat
£2,200	02/25	0.19 mi	-	2	Flat
£2,200	09/24	0.2 mi	Denton Street, Battersea, SW18	2	Flat
£2,200	09/24	0.2 mi	-	2	Flat
£2,600	10/24	0.21 mi	-	2	Flat
£2,300	09/24	0.21 mi	Swaffield Road London SW18	2	Flat
£2,300	09/24	0.21 mi	Furmage Street, London	2	Flat
£1,750	09/24	0.21 mi	Marcus Terrace, Wandsworth, London, SW18	2	Flat
£1,650	12/24	0.22 mi	-	2	Flat
£3,200	02/25	0.23 mi	-	2	Flat
£2,300	02/25	0.23 mi	-	2	Flat
£3,000	01/25	0.24 mi	-	2	Flat
£2,950	09/24	0.24 mi	Mapleton Crescent, London	2	Flat
£2,600	09/24	0.25 mi	Sorting House	2	Flat
£2,000	11/24	0.25 mi	-	2	Flat
£2,750	03/25	0.25 mi	-	2	Flat
£2,300	09/24	0.25 mi	Argento Tower, Mapleton Road	2	Flat
£2,200	09/24	0.27 mi	-	2	Flat
£2,000	10/24	0.27 mi	-	2	Flat
£1,950	04/25	0.27 mi	-	2	Flat
£2,100	09/24	0.27 mi	Garratt Lane Earlsfield SW18	2	Flat
£2,995	01/25	0.27 mi	-	2	Flat
£2,325	11/24	0.29 mi	-	2	Flat
£2,745	09/24	0.29 mi	-	2	Flat
£2,745	09/24	0.29 mi	Melody Road, London, SW18	2	Flat
£2,400	09/24	0.31 mi	-	2	Flat
£2,250	03/25	0.31 mi	-	2	Flat
£1,900	09/24	0.34 mi	Brathway Road, London, SW18	2	Flat
£2,750	11/24	0.34 mi	-	2	Flat
£2,595	11/24	0.34 mi	-	2	Flat
£2,400	03/25	0.34 mi	-	2	Flat
£1,900	09/24	0.35 mi	Wandsworth High Street, London, SW18	2	Flat
£2,350	09/24	0.36 mi	Wandsworth Common West Side, London, SW18	2	Flat
£2,496	09/24	0.36 mi	Melody Road, Wandsworth, London, SW18	2	Flat
£3,000	09/24	0.37 mi	-	2	Flat
£2,600	11/24	0.38 mi	-	2	Flat

Local Area Statistics

Population in SW18	59,80659,806
Population in London	4,771,9214,771,921
Town centre distance	6.34 miles away6.34 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+3%+3%

Property History

Price changed to £375,000

March 20, 2025

Listed for £400,000

January 16, 2025

Floor Plans

Description

The current vendors have raised the section 42 notice, starting the lease extension process +
Top floor +
West facing +
Two bedrooms +
Almost 700 sq. ft. +
Lift +
Southside shopping centre +
Wandsworth Town station 0.8 miles +

Fantastic two bedroom apartment in this popular ex local authority building. The property benefits from two double bedrooms and a balcony overlooking gardens.

The current vendors have raised the section 42 notice, starting the lease extension process.

The property briefly comprises; well-proportioned entrance hall, a separate cloakroom and bathroom, large reception room and separate kitchen with dual doors leading out onto the balcony. The two double bedrooms are both bright well sized.

The property is located a short distance away from The Southside Shopping Centre which has a number of bars and restaurants, a Multiplex Cinema and shops such as Waitrose and T.K Maxx. green open spaces of King Georges Park are only a stone's throw away.

Iron Mill Road is conveniently located with plenty of transport options including the mainline train stations at both Wandsworth Town and Earlsfield Station with direct trains to Clapham Junction and Waterloo.

Selling your property in Bembridge House? Trying to find your perfect home to buy? Register with Chestertons Wandsworth to get the full picture from the experts in the Wandsworth, SW18 market.

Our China Desk is here for you, if Chinese is your preferred language, please get in touch via WeChat (S-ChestertonsAPAC)

Agent Details

Chestertons, Wandsworth

020 3869 5313

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, London, SW18 2AD

£375,000

3 views • 5 months ago • 66 m²

2 Bed Flat, Single Let, London, SW18 2AD

£375,000

21 days ago • 68 m²

2 Bed Flat, Single Let, London, SW18 2RZ

£350,000

6 months ago • 68 m²

2 Bed Flat, Single Let, London, SW18 2LH

£375,000

5 views • 5 months ago • 67 m²

2 Bed Flat, Single Let, London, SW18 2AQ, £375,000

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?

Similar Properties

2 Bed Flat, Single Let, London, SW18 2AD

2 Bed Flat, Single Let, London, SW18 2AD

2 Bed Flat, Single Let, London, SW18 2RZ

2 Bed Flat, Single Let, London, SW18 2LH

Cashflows

Local Sold Prices

Local Rents