2 Bed Flat, Single Let, SM5 2EQ £250,000

Groveside Close, Carshalton, Surrey. SM5 2EQ - 10 months ago

BTL

ROI: 5%

~68 m²

ValuationUndervalued

Sold Prices	£150K - £400K
Sold Prices/m²	£3.8K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£307,500£307,500
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£16,200£16,200
Total Cash In	£78,700£78,700

Cash Out
Rent Range	£1,399 - £2,200£1,399 - £2,200
Rent Estimate	£1,400
Running Costs/mo	£1,081£1,081
Cashflow/mo	£319£319
Cashflow/yr	£3,825£3,825
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £150K to £400K, average is £290K. £3.8K/m² to £7K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£285K	08/21	0.12 mi	119a, Green Wrythe Lane, Carshalton, Greater London SM5 2ST	-	-	2	Flat
£275K	12/21	0.28 mi	58a, Wrythe Lane, Carshalton, Greater London SM5 2RP	£6,506	42	2	Flat
£290K	06/21	0.33 mi	76, Green Wrythe Lane, Carshalton, Greater London SM5 2DP	£5,577	52	2	Flat
£267K	12/22	0.33 mi	82f, Green Wrythe Lane, Carshalton, Greater London SM5 2DP	£4,525	59	2	Flat
£295K	02/25	0.35 mi	26, Baywillow Avenue, Carshalton SM5 2AX	£4,338	68	2	Flat
£280K	06/21	0.37 mi	43, Millside, Carshalton, Greater London SM5 2BQ	£3,784	74	2	Flat
£280K	04/25	0.37 mi	Flat 6, 40 The Brambles, Prince Of Wales Road, Sutton SM1 3PB	-	-	2	Flat
£280K	04/25	0.37 mi	Flat 6, 40 The Brambles, Prince Of Wales Road, Sutton SM1 3PB	-	-	2	Flat
£259.3K	02/25	0.37 mi	26, Otter Drive, Carshalton SM5 2FH	£3,813	68	2	Flat
£274K	06/21	0.41 mi	Flat 5, Edinburgh House, Duke Of Edinburgh Road, Sutton, Greater London SM1 3PF	-	-	2	Flat
£290K	03/25	0.41 mi	Edinburgh House, Flat 5, Duke Of Edinburgh Road, Sutton, Greater London SM1 3PF	£4,677	62	2	Flat
£290K	09/23	0.41 mi	Flat 6, Edinburgh House, Duke Of Edinburgh Road, Sutton, Greater London SM1 3PF	-	-	2	Flat
£225K	08/21	0.42 mi	24a, Green Wrythe Lane, Carshalton, Greater London SM5 2DW	£4,631	49	2	Flat
£289K	03/23	0.46 mi	78, Reynolds Close, Carshalton, Greater London SM5 2AZ	£7,049	41	2	Flat
£326K	08/25	0.46 mi	1, Bedford Villas, Wrythe Green Road, Carshalton SM5 2QT	-	-	2	Flat
£272.5K	05/21	0.46 mi	66, Reynolds Close, Carshalton, Greater London SM5 2AZ	£5,561	49	2	Flat
£337.5K	03/25	0.48 mi	8a, Johnsons Close, Carshalton SM5 2LU	£5,591	60	2	Flat
£337.5K	03/25	0.48 mi	8a, Johnsons Close, Carshalton SM5 2LU	-	-	2	Flat
£270K	07/21	0.49 mi	18, Reynolds Close, Carshalton, Greater London SM5 2AY	£6,585	41	2	Flat
£297K	03/23	0.49 mi	7, Reynolds Close, Carshalton, Greater London SM5 2AY	£5,712	52	2	Flat
£269.9K	01/23	0.5 mi	16, Reynolds Close, Carshalton, Greater London SM5 2AY	£6,584	41	2	Flat
£283K	07/23	0.5 mi	137, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD	£5,442	52	2	Flat
£290K	01/23	0.5 mi	90, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD	£4,524	64	2	Flat
£265K	07/21	0.52 mi	37, Tavern Close, Carshalton, Greater London SM5 1JE	£4,907	54	2	Flat
£310K	11/22	0.52 mi	155, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FF	£4,559	68	2	Flat
£337.5K	05/21	0.53 mi	51, Grennell Road, Sutton, Greater London SM1 3DS	£4,327	78	2	Flat
£323.5K	02/25	0.54 mi	61, Flat 1, North Street, Carshalton SM5 2HG	£5,218	62	2	Flat
£260K	12/24	0.54 mi	20, Philips Close, Carshalton SM5 2FE	£5,000	52	2	Flat
£260K	08/21	0.54 mi	88, New Road, Mitcham, Greater London CR4 4LT	£4,127	63	2	Flat
£295K	07/23	0.54 mi	100, New Road, Mitcham, Greater London CR4 4LT	£4,836	61	2	Flat
£290K	02/25	0.55 mi	40, Devana End, Carshalton SM5 2NL	£4,677	62	2	Flat
£275K	07/21	0.55 mi	6, Philips Close, Carshalton, Greater London SM5 2FE	£4,741	58	2	Flat
£275K	01/23	0.55 mi	3, Philips Close, Carshalton, Greater London SM5 2FE	-	-	2	Flat
£280K	04/23	0.55 mi	2, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FE	£5,385	52	2	Flat
£263K	02/25	0.56 mi	39, Devana End, Carshalton, Greater London SM5 2NL	£4,383	60	2	Flat
£365K	09/23	0.56 mi	50, Paget Avenue, Sutton, Greater London SM1 3BE	-	-	2	Flat
£367K	10/23	0.61 mi	30, Strawberry Lane, Carshalton, Greater London SM5 2NQ	£6,220	59	2	Flat
£300K	01/25	0.66 mi	45 Windermere Court, 3, Denmark Road, Carshalton SM5 2HP	£5,357	56	2	Flat
£325K	03/25	0.66 mi	6, 45 Windermere Court, Denmark Road, Carshalton SM5 2HP	£5,078	64	2	Flat
£325K	03/25	0.66 mi	6, 45 Windermere Court, Denmark Road, Carshalton SM5 2HP	-	-	2	Flat
£310K	03/25	0.66 mi	76, Colston Avenue, Carshalton SM5 2NU	£5,082	61	2	Flat
£310K	03/25	0.66 mi	76, Colston Avenue, Carshalton SM5 2NU	-	-	2	Flat
£320K	03/23	0.66 mi	90, Denmark Road, Carshalton, Greater London SM5 2JW	£5,270	61	2	Flat
£325K	11/22	0.67 mi	1, Dover Gardens, Carshalton, Greater London SM5 2LD	£5,508	59	2	Flat
£265K	01/25	0.68 mi	9, Dover Gardens, Carshalton SM5 2LD	£5,196	51	2	Flat
£150K	05/23	0.72 mi	18, Percy Road, Mitcham, Greater London CR4 4JU	-	-	2	Flat
£400K	07/25	0.72 mi	Flat 1, 2 Cord House, Rayon Close, Wallington SM6 7GA	-	-	2	Flat
£335K	06/21	0.72 mi	34, North Street, Carshalton, Greater London SM5 2JD	£5,317	63	2	Flat
£345K	07/21	0.73 mi	14, Chilworth Gardens, Sutton, Greater London SM1 3SP	£5,948	58	2	Flat
£341K	03/25	0.75 mi	7, 19 Morgan Court, Rochester Road, Carshalton SM5 2LB	£4,372	78	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	08/25	0.09 mi	-	2	Terraced House
£1,600	08/24	0.09 mi	-	2	Flat
£1,700	10/25	0.23 mi	Welbeck Road, Carshalton, SM5	2	Flat
£1,450	09/25	0.26 mi	-	2	Flat
£1,600	06/25	0.28 mi	-	2	Terraced House
£1,550	09/24	0.29 mi	Wrythe Lane, Carshalton, Surrey	2	Flat
£1,650	07/25	0.29 mi	Winchcombe Road Carshalton SM5	2	Terraced House
£1,675	08/25	0.32 mi	Sweetbriar Avenue, Carshalton, SM5	2	Flat
£1,900	07/25	0.32 mi	Culvers Avenue, Carshalton	2	Terraced House
£1,575	10/25	0.34 mi	-	2	Flat
£1,675	11/25	0.34 mi	Baywillow Avenue, Carshalton, SM5	2	Flat
£1,600	09/24	0.35 mi	Winchcombe Road, Carshalton, SM5	2	Terraced House
£1,695	11/25	0.35 mi	-	2	Flat
£1,650	11/25	0.36 mi	-	2	Flat
£1,995	05/25	0.36 mi	-	2	Terraced House
£1,650	11/25	0.37 mi	Winchcombe Road, Carshalton, SM5	2	Terraced House
£1,600	08/25	0.37 mi	St. James Road, Carshalton, Greater London, SM5	2	Terraced House
£1,650	09/24	0.37 mi	Otter Drive Carshalton SM5	2	Flat
£1,650	06/25	0.37 mi	Otter Drive, Carshalton, Surrey, SM5	2	Flat
£1,750	04/25	0.37 mi	-	2	Flat
£1,550	09/25	0.37 mi	-	2	Flat
£1,500	06/25	0.38 mi	Wrythe Lane, Carshalton	2	Flat
£1,800	10/25	0.38 mi	Buckhurst Avenue, Carshalton	2	Semi-Detached House
£1,650	08/25	0.38 mi	Millside, Carshalton	2	Flat
£1,950	04/25	0.39 mi	-	2	Terraced House
£2,100	11/25	0.41 mi	William Street, Carshalton, Greater London, SM5	2	Terraced House
£1,700	07/25	0.41 mi	Titchfield Road, Carshalton, Surrey, SM5 1PX	2	Terraced House
£1,900	08/25	0.42 mi	Kingswood Drive, Carshalton	2	House
£1,695	05/25	0.43 mi	-	2	Flat
£1,750	10/25	0.43 mi	Peterborough Road, Carshalton	2	Terraced House
£1,650	10/25	0.44 mi	Westminster Road, Sutton, SM1 3NH	2	Terraced House
£1,650	11/25	0.44 mi	Westminster Road, Sutton, SM1 3NH	2	Terraced House
£2,200	09/25	0.44 mi	Westminster Road, SUTTON	2	House
£1,825	08/25	0.46 mi	-	2	Terraced House
£1,825	10/25	0.46 mi	-	2	Terraced House
£1,850	10/25	0.46 mi	-	2	Terraced House
£1,695	09/24	0.48 mi	St Andrews Court, Sutton, SM1	2	Flat
£1,650	07/25	0.48 mi	St Andrews Court, Sutton, SM1	2	Flat
£1,475	08/24	0.49 mi	Reynolds Close, CARSHALTON	2	Flat
£1,400	01/25	0.49 mi	-	2	Flat
£1,550	06/25	0.49 mi	-	2	Flat
£1,750	03/24	0.51 mi	Mullards Close, Mitcham	2	Terraced House
£1,399	03/24	0.51 mi	Mullards Close, Hackbridge, Surrey, CR4	2	Flat
£1,700	08/25	0.51 mi	-	2	Flat
£1,600	07/25	0.51 mi	-	2	Flat
£1,400	11/25	0.52 mi	Tavern Close, Carshalton, Surrey, SM5	2	Flat
£1,400	10/25	0.52 mi	Mullards Close, Mitcham, Surrey, CR4	2	Flat
£1,450	11/25	0.52 mi	Mullards Close, Carshalton, Greater London, CR4	2	Flat
£1,400	03/24	0.53 mi	Mullards Close, Mitcham, CR4	2	Flat
£1,600	09/24	0.53 mi	Rossignol Gardens, Carshalton, SM5	2	Flat

Local Area Statistics

Population in SM5	37,96237,962
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £250,000

June 21, 2025

Listed for £260,000

January 21, 2025

Floor Plans

Description

Rarely available 2 bedroom top floor flat +
NO CHAIN +
Long 125 year lease +
15'4 lounge +
8'2 kitchen +
11'5 bedroom 1 +
8'9 bedroom 2 +
Double glazing & electric heating +
Allocated off road parking space +
Within reach of Carshalton Mainline BR station +

Offers In Excess Of £250,000 * Long 125 year lease * NO CHAIN Ushers are pleased to offer this rarely available 2 bedroom top floor flat with own loft access, situated in a popular residential development in Carshalton. The property also benefits from a security entryphone system, L shaped entrance hall, 15'4 lounge, modern 8'2 kitchen, 11'5 bedroom 1, 8'9 bedroom 2, bathroom with electric shower over the bath, double glazing, allocated parking space and communal grounds. EPC band C. Council tax banding C. The owner informs us there is a long 125 year lease, annual maintenance charges are approx. £1435 pa & the ground rent is £150 pa. Within reach of Carshalton Mainline BR station & shops. Call now to register your interest! Exclusive to Ushers

Agent Details

Ushers Estate Agents, Carshalton

020 8669 4114

Next Steps?

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

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