2 Bed Flat, Single Let, London, SW15 4DW, £205,000

Redenham House, Tangley Grove, London, SW15 4DW - 4 views - 2 months ago

Leasehold

Auction

BTL

ROI: 14%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£190.8K - £752K
Sold Prices/m²	£3.3K/m² - £7.8K/m²

Square Metres	~68.11 m²
Price/m²	£3K/m²
Value Estimate	£246,000£246,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£51,250£51,250
Stamp Duty & Legal Fees	£7,350£7,350
Total Cash In	£58,600£58,600

Cash Out
Rent Range	£1,500 - £3,250£1,500 - £3,250
Rent Estimate	£1,656
Running Costs/mo	£992£992
Cashflow/mo	£664£664
Cashflow/yr	£7,970£7,970
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

32 sold prices from £190.8K to £752K, average is £368.8K. £3.3K/m² to £7.8K/m², average is £6.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	12/23	0.06 mi	Flat 4, Hurstbourne House, Tangley Grove, London, Greater London SW15 4EJ	-	-	2	Flat
£205K	01/23	0.09 mi	Flat 8, Finchdean House, Tangley Grove, London, Greater London SW15 4EQ	-	-	2	Flat
£235K	12/23	0.15 mi	Flat 8, Binley House, Highcliffe Drive, London, Greater London SW15 4PY	-	-	2	Flat
£485K	06/21	0.17 mi	13, Bader Way, London, Greater London SW15 5GD	£7,348	66	2	Flat
£225K	11/23	0.18 mi	Flat 59, Charcot House, Highcliffe Drive, London, Greater London SW15 4PT	-	-	2	Flat
£490K	09/21	0.19 mi	19, Holford Way, London, Greater London SW15 5GB	£6,712	73	2	Flat
£239K	09/21	0.22 mi	Flat 14, Denmead House, Highcliffe Drive, London, Greater London SW15 4PS	-	-	2	Flat
£590K	05/23	0.3 mi	61b, Medfield Street, London, Greater London SW15 4JY	£7,195	82	2	Flat
£240K	02/21	0.33 mi	Flat 11, Allenford House, Tunworth Crescent, London, Greater London SW15 4PG	-	-	2	Flat
£190.8K	08/23	0.36 mi	Flat 7, Douglas House, Toland Square, London, Greater London SW15 5PG	£3,289	58	2	Flat
£370K	09/23	0.39 mi	Flat 2, Hamilton House, Toland Square, London, Greater London SW15 5PQ	-	-	2	Flat
£297.5K	06/21	0.5 mi	Flat 26, Witley Point, Wanborough Drive, London, Greater London SW15 4AX	-	-	2	Flat
£290K	03/21	0.51 mi	Flat 6, Blendworth Point, Wanborough Drive, London, Greater London SW15 4AL	-	-	2	Flat
£256K	10/23	0.56 mi	Flat 10, Hindhead Point, Wanborough Drive, London, Greater London SW15 4AW	-	-	2	Flat
£364K	02/23	0.57 mi	79, Innes Gardens, London, Greater London SW15 3AD	£5,778	63	2	Flat
£375K	04/23	0.57 mi	91, Innes Gardens, London, Greater London SW15 3AD	£5,515	68	2	Flat
£350K	07/23	0.61 mi	Flat 9, Fairfax House, Aubyn Square, London, Greater London SW15 5NH	-	-	2	Flat
£350K	07/23	0.61 mi	Flat 9, Fairfax House, Aubyn Square, London, Greater London SW15 5NH	-	-	2	Flat
£330K	12/20	0.62 mi	43, Tildesley Road, London, Greater London SW15 3AA	£5,410	61	2	Flat
£350K	05/23	0.62 mi	Flat 9, Devereux House, Aubyn Square, London, Greater London SW15 5NP	-	-	2	Flat
£475K	11/20	0.68 mi	159, Dover House Road, London, Greater London SW15 5AD	£7,422	64	2	Flat
£725K	03/23	0.7 mi	Flat 37, Exeter House, Putney Heath, London, Greater London SW15 3SX	-	-	2	Flat
£540K	03/23	0.72 mi	Flat 31, Highlands Heath, Portsmouth Road, London, Greater London SW15 3TR	-	-	2	Flat
£525K	07/23	0.73 mi	Flat, 32, Roehampton Close, London, Greater London SW15 5LU	-	-	2	Flat
£525K	07/23	0.73 mi	Flat, 32, Roehampton Close, London, Greater London SW15 5LU	-	-	2	Flat
£390K	11/23	0.82 mi	80, Hayward Gardens, London, Greater London SW15 3BZ	£6,190	63	2	Flat
£752K	11/23	0.83 mi	Ground Floor Flat, 23, Langside Avenue, London, Greater London SW15 5QT	£7,753	97	2	Flat
£367.5K	11/20	0.88 mi	177, Hayward Gardens, London, Greater London SW15 3BX	£5,742	64	2	Flat
£700K	01/24	0.96 mi	2a, Colinette Road, London, Greater London SW15 6QQ	£6,422	109	2	Flat
£540K	07/23	0.98 mi	Flat 24, Roehampton Court, Queens Ride, London, Greater London SW13 0HU	-	-	2	Flat
£395K	06/23	0.99 mi	Flat 23, Mildmay House, Whitnell Way, London, Greater London SW15 6BZ	-	-	2	Flat
£420K	01/24	1 mi	24, Cotman Close, London, Greater London SW15 6RG	£6,885	61	2	Flat

Local Rents

35 rents from £1.5K/mo to £3.3K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	09/24	0.02 mi	Redenham House, Tangley Grove, Roehampton	2	Flat
£1,750	09/24	0.1 mi	-	2	Flat
£2,900	09/24	0.13 mi	Queen mary's House, SW15	2	Flat
£1,500	10/24	0.16 mi	-	2	Flat
£2,150	03/25	0.16 mi	-	2	Flat
£1,850	04/25	0.17 mi	-	2	Flat
£2,550	09/24	0.18 mi	Umbria Street, Putney, London, SW15	2	Flat
£2,900	09/24	0.21 mi	Roehampton House, SW15	2	Flat
£2,950	02/24	0.23 mi	-	2	Flat
£1,900	02/24	0.25 mi	-	2	Flat
£1,625	04/25	0.25 mi	-	2	Flat
£1,900	09/24	0.25 mi	Dunbridge House, Highcliffe Drive, London	2	Flat
£1,700	12/24	0.26 mi	-	2	Flat
£2,250	09/24	0.28 mi	Roehampton Lane, Roehampton, London, SW15	2	Flat
£2,200	10/24	0.29 mi	-	2	Flat
£2,500	09/24	0.3 mi	Medfield Street, London	2	Terraced House
£1,800	09/24	0.3 mi	Medfield Street, LONDON	2	Flat
£2,400	03/25	0.32 mi	-	2	Flat
£2,250	02/24	0.32 mi	-	2	Flat
£2,250	03/25	0.32 mi	-	2	Flat
£2,400	04/25	0.32 mi	-	2	Flat
£1,950	09/24	0.32 mi	Clarence Lane, Roehampton	2	Flat
£3,250	02/25	0.32 mi	-	2	Flat
£2,600	04/25	0.32 mi	-	2	Flat
£2,100	09/24	0.33 mi	-	2	Flat
£1,950	09/24	0.33 mi	-	2	Flat
£2,250	03/25	0.34 mi	-	2	Flat
£2,100	04/25	0.41 mi	-	2	Flat
£1,875	04/25	0.49 mi	-	2	Flat
£2,500	09/24	0.49 mi	-	2	Flat
£2,250	12/24	0.52 mi	-	2	Terraced House
£2,000	09/24	0.58 mi	-	2	Flat
£1,650	09/24	0.59 mi	Innes Gardens, Putney	2	Flat
£2,250	09/24	0.6 mi	Laneway, London, SW15	2	Terraced House
£2,250	04/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in SW15	60,34460,344
Population in London	4,771,9214,771,921
Town centre distance	8.01 miles away8.01 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.10 miles away1.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+2%+2%

Property History

Listed for £205,000

February 19, 2025

Description

This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than two working days from the bidding closing time. +
This listing is provided in association with Foxtons, London's leading estate agent. +
Situated on the tenth floor with a lift +
Entrance hall with built-in storage cupboards +
Two reception rooms and an eat-in kitchen +
Two generous bedrooms with built-in wardrobes +
Bathroom and separate WC +
Private balcony +
Gross internal floor area is approximately 679 Sq Ft (63.08 Sq M) +
Online Auction on Thursday, 27 February 2025 +

Located in a peaceful residential area moments from Richmond Park, this great two bedroom flat features an eat-in kitchen and a private balcony. Additional Comments BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons. Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams. Subject to confirmation This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of the you and the vendor.

Location:
The property is moments from the amenities of Roehampton and within easy reach of Barnes and Putney.

Accomodation:
Tenth floor: two reception rooms, kitchen, two bedrooms, bathroom, WC, balcony.

Online Auction on Thursday, 27 February 2025. For further information, such as legal documents and property information, please visit bidx1.com.

Agent Details

BidX1, London

020 3910 6202

Next Steps?

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