2 Bed Flat, Refurb/BRRR, London, SW12 8TA, £365,000

Nightingale Lane, LONDON, SW12 8TA - 4 views - 2 months ago

Leasehold
Auction
Refurb/BRRR
~68 m²
+12 photos

ValuationFair Value

Sold Prices£381.5K - £1.1M
Sold Prices/m²£6.4K/m² - £13.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£368,650

 

 

End Value (After Refurb)

£689,218

Uplift in Value

+89%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£36,069

Bridging Loan Interest

£9,581

Total Cash In

£156,551

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£689,218

Agent Fees (1%)

£6,892

Bridging Loan

£273,750

Bridging Loan Interest

£9,581

Flip Profit

£252,025

Local Sold Prices

50 sold prices from £381.5K to £1.1M, average is £637.5K. £6.4K/m² to £13.7K/m², average is £9.7K/m².

PriceDateDistanceAddressBeds 
£600K07/210.07 miFlat 12a, Hightrees House, Nightingale Lane, London, Greater London SW12 8AQ2
£670K03/210.07 miFlat 28, Hightrees House, Nightingale Lane, London, Greater London SW12 8AQ2
£1.1M11/210.13 miUpper Flat, 66, Kyrle Road, London, Greater London SW11 6BA2
£574.5K01/210.17 mi36, Lysias Road, London, Greater London SW12 8BP2
£550K06/210.2 mi22, Denning Mews, London, Greater London SW12 8QT2
£555K01/210.2 mi14, Denning Mews, London, Greater London SW12 8QT2
£515K11/200.2 mi46, Denning Mews, London, Greater London SW12 8QT2
£617.5K06/210.22 mi22, Liberty Mews, London, Greater London SW12 8EE2
£660K03/230.23 mi79d, Nightingale Lane, London, Greater London SW12 8LY2
£622K09/230.24 mi172, Ramsden Road, London, Greater London SW12 8RE2
£625K06/210.24 mi10, Denning Mews, London, Greater London SW12 8QT2
£611K02/210.24 miThe Ground Floor Flat At, 41, Temperley Road, London, Greater London SW12 8QE2
£576.4K04/230.28 mi12, Clarence Mews, London, Greater London SW12 9SR2
£785K01/210.3 mi54a, Winsham Grove, London, Greater London SW11 6NE2
£855K06/230.32 mi80a, Balham Grove, London, Greater London SW12 8BE2
£600K06/210.33 mi57, Hazelbourne Road, London, Greater London SW12 9NU2
£740K09/210.34 mi14a, Hazelbourne Road, London, Greater London SW12 9NS2
£765K02/230.34 miUpper Maisonette, 74, Hazelbourne Road, London, Greater London SW12 9NS2
£570K03/210.34 mi24d, Lynn Road, London, Greater London SW12 9LA2
£775K12/200.35 mi20, Englewood Road, London, Greater London SW12 9NZ2
£630K04/210.37 mi12, Cavendish Road, London, Greater London SW12 0DG2
£735K05/240.37 mi4, Beira Street, London, Greater London SW12 9LJ2
£676K12/230.37 mi7, Beira Street, London, Greater London SW12 9LJ2
£680.5K11/200.38 mi5, Yukon Road, London, Greater London SW12 9PZ2
£605K07/230.39 mi30a, Yukon Road, London, Greater London SW12 9PU2
£765K02/210.39 miTop Floor Flat, 27, Cavendish Road, London, Greater London SW12 0BH2
£475K12/200.39 miFlat B, 1, Cavendish Road, London, Greater London SW12 0BH2
£430.8K09/230.39 miFlat 12, Rokeby House, Lochinvar Street, London, Greater London SW12 8PX2
£600K03/210.4 miFlat A, Endlesham Court, Endlesham Road, London, Greater London SW12 8JR2
£500K11/210.42 miFlat 4, Barry Court, Lessar Avenue, Clapham, London, Greater London SW4 9HH2
£670K03/210.42 mi19, Yukon Road, London, Greater London SW12 9PY2
£580K06/210.43 mi40, Yukon Road, London, Greater London SW12 9PX2
£650K11/200.43 mi38a, Yukon Road, London, Greater London SW12 9PX2
£501K06/210.44 miFlat 5, Lessar Court, Lessar Avenue, London, Greater London SW4 9HN2
£627K06/210.46 mi1, Ravenswood Road, London, Greater London SW12 9PN2
£852K03/210.48 miFlat 1, 108, Clapham Common West Side, London, Greater London SW4 9AZ2
£670K12/200.48 mi136, Cavendish Road, London, Greater London SW12 0DD2
£740K09/230.48 mi58a, Fernside Road, London, Greater London SW12 8LL2
£381.5K09/230.49 mi13, Balham New Road, London, Greater London SW12 9PH2
£645K12/200.52 miGround Floor Flat, 70, Honeybrook Road, London, Greater London SW12 0DN2
£950K06/210.53 mi59c, Clapham Common South Side, London, Greater London SW4 9DA2
£740K12/210.54 mi35a, Hambalt Road, London, Greater London SW4 9EA2
£930K10/200.54 mi2a, Shandon Road, London, Greater London SW4 9HP2
£725K08/230.54 mi243a, Cavendish Road, London, Greater London SW12 0BP2
£590K03/230.54 mi62b, Belleville Road, London, Greater London SW11 6PP2
£534K09/210.54 mi61, Rudloe Road, London, Greater London SW12 0DR2
£962.5K12/230.54 mi12b, Mandalay Road, London, Greater London SW4 9ED2
£775K08/230.56 mi26, Mandalay Road, London, Greater London SW4 9EE2
£620K12/230.56 mi54, Honeybrook Road, London, Greater London SW12 0DW2
£769K10/230.56 mi72, Narbonne Avenue, London, Greater London SW4 9JU2

Local Rents

51 rents from £1.9K/mo to £10.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20010/240.06 mi-2
£2,20010/240.06 mi-2
£2,85009/240.07 miNightingale Lane, London2
£2,75009/240.07 mi-2
£1,95002/240.08 mi-2
£2,20001/250.08 mi-2
£2,35003/250.1 mi-2
£2,49609/240.1 miAlderbrook Road, Clapham South, London, SW122
£2,40009/240.15 miNightingale Lane, London, SW122
£2,95011/240.15 mi-2
£10,83310/240.17 mi5 Palace Court, Notting Hill, W22
£2,75009/240.17 miClapham Common West Side, Clapham Common, London, SW42
£3,25009/240.17 miLysias Road, Balham, London, SW122
£2,40001/250.2 mi-2
£2,60009/240.2 miDenning Mews SW122
£2,81709/240.22 miDenning Mews, Balham, London, SW122
£2,70010/240.23 mi-2
£2,95009/240.24 miBroomwood Road, London, SW112
£2,60009/240.24 miBalham Hill, London, SW122
£2,39512/240.24 mi-2
£2,42509/240.25 mi-2
£2,45009/240.25 mi-2
£2,20009/240.25 mi-2
£2,42509/240.25 miCavendish Road, London, SW122
£3,00009/240.25 miHillgate Place, SW122
£2,53011/240.26 mi-2
£2,45009/240.27 miSt Anthony`s Court, Nightingale Lane, London, SW122
£2,20003/250.27 mi-2
£3,00009/240.27 miAlderbrook Road, London, SW122
£2,40009/240.27 miBellamy Street London SW122
£2,90009/240.27 miBalham Hill, London, SW122
£2,60009/240.28 miBalham Hill, Clapham South2
£2,25009/240.28 miAlfriston Road Battersea SW112
£2,09501/250.28 mi-2
£2,29509/240.3 mi-2
£2,30009/240.3 mi-2
£1,85012/240.3 mi-2
£2,60010/240.31 mi-2
£2,60001/250.31 mi-2
£2,59501/250.31 mi-2
£2,40009/240.31 mi-2
£2,65009/240.32 mi-2
£2,20003/250.32 mi-2
£2,10009/240.32 miLinnet Mews, London SW122
£2,09503/250.33 mi-2
£2,25009/240.34 miClapham Common South Side, Clapham, London, SW42
£2,49510/240.34 mi-2
£1,99809/240.34 miCathles Road, Clapham South, London, SW122
£2,29002/240.35 mi-2
£2,40003/250.35 mi-2
£3,25010/240.35 mi-2

Local Area Statistics

Population in SW12

31,261

Population in London

4,771,921

Town centre distance

5.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+2%

Property History

Listed for £365,000

January 22, 2025

Floor Plans

Description

  • Purpose Built +
  • Well Maintained Block +
  • Two Bedrooms +
  • Open Plan Living/Dining Room +
  • Kitchen +
  • Built In Storage +
  • Balcony +
  • Ideally Located +
  • Parking +
  • Excellent Transport Links +

Offered to the market with no onward chain and located on the third floor of a popular and well-maintained purpose-built block, this two-bedroom apartment offers fantastic potential for renovation. Ideally positioned just moments from Clapham South Station, the property briefly comprises: a spacious hallway, a large reception/dining room with access to a private balcony, a separate kitchen, a principal bedroom with built-in storage, an additional bedroom, and a bathroom suite. The apartment further benefits from a parking space within the grounds (subject to council permit), and access to a private storage shed. This property would make an ideal purchase for a first time buyer, a downsizer or an investor.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Situation

This apartment is ideally situated, just moments from Clapham South Underground Station (Zone 2), providing quick access to both the City and West End. It also benefits from excellent transport links through to Balham and Clapham Junction. The local area offers a wealth of shopping, dining, and leisure options, with Clapham South, Balham, and Abbeville Village all just a short walk away. The ever-popular Northcote Road is also within walking distance, making this an incredibly well-connected and desirable location.

Agent Details

Hamptons, Battersea & Wandsworth

020 3909 6503

Next Steps?

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