2 Bed Flat, Single Let, London, SW8 2BD, £400,000

Thorncroft Street, Nine Elms, SW8 2BD - a month ago

Leasehold
BTL
ROI: 3%
~73 m²
+4 photos

ValuationUndervalued

Sold Prices£267K - £1.4M
Sold Prices/m²£3K/m² - £17.5K/m²

 

 

Square Metres

~72.90 m²
Price/m²£5.5K/m²

Value Estimate

£496,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£128,700

 

 

Cash Out

 

Rent Range

£1,600 - £5,633

Rent Estimate

£2,050

Running Costs/mo

£1,680

Cashflow/mo

£370

Cashflow/yr

£4,440

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £267K to £1.4M, average is £410K. £3K/m² to £17.5K/m², average is £7.7K/m².

PriceDateDistanceAddressBeds 
£340K11/210.04 miFlat 24, Sheldon Court, Lansdowne Green, London, Greater London SW8 2BE2
£481.2K09/230.08 miFlat 10, Lang House, Hartington Road, London, Greater London SW8 2HT2
£445K02/210.08 miFlat 12, Courthope House, Hartington Road, London, Greater London SW8 2HS2
£353.3K06/230.08 miFlat 13, Webb House, Hemans Street, London, Greater London SW8 4SU2
£425K11/200.09 miFlat 25, Tillotson Court, Wandsworth Road, London, Greater London SW8 2NH2
£500K06/210.1 mi8, Mill Pond Close, London, Greater London SW8 4SN2
£416K07/230.16 miFlat 25, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ2
£435K05/230.16 miFlat 24, Walden Court, Wandsworth Road, London, Greater London SW8 2NJ2
£432.5K03/210.16 miFlat 17, Oliver House, Wyvil Road, London, Greater London SW8 2SX2
£395K01/210.17 miGround Floor Flat, 53, Thorne Road, London, Greater London SW8 2BY2
£385K10/200.18 miFlat 6, Edgar House, Wyvil Road, London, Greater London SW8 2SS2
£473.4K09/230.18 mi92, Crimsworth Road, London, Greater London SW8 4RL2
£400K12/200.19 miFlat 62, Cornwallis Court, Lansdowne Green, London, Greater London SW8 2NX2
£415K09/210.19 miFlat 29, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT2
£375K09/210.19 miFlat 5, Sudbury Court, Allen Edwards Drive, London, Greater London SW8 2NT2
£407.5K03/210.23 miFlat 18, Hartington Court, Lansdowne Way, London, Greater London SW8 2EB2
£350K06/210.24 miFlat 89, Victoria Mansions, South Lambeth Road, London, Greater London SW8 1QU2
£590K06/230.24 mi160a, Old South Lambeth Road, London, Greater London SW8 1XX2
£390K06/210.25 miFlat 72, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED2
£370K02/210.25 miFlat 73, Hartington Court, Lansdowne Way, London, Greater London SW8 2ED2
£270K03/230.26 miFlat 23, Kelvedon House, Guildford Road, London, Greater London SW8 2DN2
£270K11/230.26 miFlat 52, Kelvedon House, Guildford Road, London, Greater London SW8 2DW2
£465K01/230.26 miFlat 4, Stamford Buildings, South Lambeth Road, London, Greater London SW8 1UY2
£267K01/230.26 miFlat 7, Kelvedon House, Guildford Road, London, Greater London SW8 2DN2
£305K12/230.29 mi65, Tradescant Road, London, Greater London SW8 1XJ2
£350K06/210.3 miFlat 22, Edrich House, Binfield Road, London, Greater London SW4 6SS2
£590K10/230.3 mi35, Heyford Avenue, Kennington, London, Greater London SW8 1EA2
£580K01/210.32 miFlat C, 42, Heyford Avenue, London, Greater London SW8 1EE2
£560K08/210.34 mi229d, South Lambeth Road, London, Greater London SW8 1XR2
£573.2K10/210.34 mi65c, Heyford Avenue, London, Greater London SW8 1EB2
£741K01/210.37 mi4, Rita Road, London, Greater London SW8 1JU2
£870K04/230.39 miFlat 5, Elm Quay Court, Nine Elms Lane, London, Greater London SW8 5DE2
£925K08/210.39 miFlat 10, Elm Quay Court, Nine Elms Lane, London, Greater London SW8 5DE2
£360K08/210.4 miFlat 5, Mobey Court, Studley Road, London, Greater London SW4 6RS2
£270K09/210.4 miFlat 42, Rundell Tower, Portland Grove, London, Greater London SW8 1JD2
£510K12/200.41 miFirst Floor Flat, 30, Albert Square, London, Greater London SW8 1DA2
£410K06/210.42 mi11, Spencer Mews, London, Greater London SW8 1HF2
£427K07/230.43 miFlat 23, Squires Court, Binfield Road, London, Greater London SW4 6TD2
£350K03/210.44 miFlat 42, Aston House, Wandsworth Road, London, Greater London SW8 4ER2
£346K02/230.45 mi95, Hampson Way, London, Greater London SW8 1HX2
£410K01/210.45 miFlat 21, Jephson Court, Studley Road, London, Greater London SW4 6SB2
£315K03/230.46 miFlat 25, Park Mansions, South Lambeth Road, London, Greater London SW8 1TP2
£465K01/210.46 mi8, Courland Grove, London, Greater London SW8 2PX2
£360K06/230.49 miFlat 10, Kneller House, Union Grove, London, Greater London SW8 2RR2
£282K03/230.49 miFlat 77, Wimborne House, Dorset Road, London, Greater London SW8 1AJ2
£318K01/230.49 miFlat 18, Croxteth House, Wandsworth Road, London, Greater London SW8 2RX2
£450K01/230.51 mi19, Richborne Terrace, London, Greater London SW8 1AS2
£375K03/210.52 miFlat 18, Gover Court, Paradise Road, London, Greater London SW4 6QN2
£1.4M12/200.53 mi50, Fentiman Road, London, Greater London SW8 1LF2
£625K04/230.53 mi3, Printers Road, London, Greater London SW9 0BH2

Local Rents

50 rents from £1.6K/mo to £5.6K/mo, average is £3.1K/mo.

RentDateDistanceAddressBeds 
£2,25009/240.03 miWandsworth Road, London, SW82
£2,25009/240.03 mi-2
£2,35009/240.03 mi-2
£2,45003/250.03 mi-2
£4,50009/240.03 miSky Gardens, Wandsworth Road, London SW82
£2,60009/240.03 mi-2
£2,60003/250.03 mi-2
£2,40009/240.05 miWilbraham House, Vauxhall London SW82
£2,55009/240.07 miMill Pond Close, SW82
£2,65003/250.07 mi-2
£2,40009/240.09 mi-2
£2,20001/250.09 mi-2
£2,40002/240.1 mi-2
£2,00009/240.1 miWandsworth Road, Vauxhall, London, SW82
£2,50009/240.11 miAdrian House, Nine Elms, London2
£2,50009/240.12 miMill Pond Close, Nine Elms2
£3,40009/240.12 miPinto Tower, 4 Hebden Place, SW8 2FS2
£3,75009/240.12 miPinto Tower, Nine Elms Point2
£3,10009/240.12 mi-2
£2,99909/240.12 mi-2
£2,50009/240.12 miMill Pond Close, London, SW82
£2,50009/240.12 mi-2
£1,60002/250.14 mi-2
£3,68309/240.14 miHebden Place, London, SW82
£3,25009/240.14 miHebden Place, Nine Elms, SW82
£3,55009/240.14 miHebden Place, Nine Elms, SW82
£4,76709/240.15 miCarnation Way, Nine Elms, SW8 5JE – 2 Bedrooms Flat2
£3,42009/240.15 mi-2
£2,30009/240.16 miWyvil Road, London SW82
£2,24909/240.17 miGoldsboro Road, SW82
£2,49209/240.17 miThorne Road, London SW82
£5,63309/240.17 miThames City, Nine Elms Ln, London SW82
£5,20009/240.17 miNine Elms Ln, Nine Elms, London SW8 5EL2
£4,70009/240.17 miThames City, Carnation Way, SW82
£3,94309/240.18 miWandsworth Road Nine Elms SW82
£3,94509/240.18 miWandsworth Road, London, SW82
£3,64509/240.18 miWandsworth Road, London, SW82
£4,13009/240.18 miWandsworth Road, London, SW82
£3,68009/240.18 miWandsworth Road, London, SW82
£2,40003/250.18 mi-2
£2,10009/240.18 mi-2
£3,64909/240.19 miCollet House, 50, Wandsworth Road, LONDON, SW82
£3,59709/240.2 miHamilton House, 6 St. George Wharf, Vauxhall, London, UK, SW82
£3,25009/240.2 miBrent House, Nine Elms Point, Vauxhall SW82
£3,46709/240.21 miWandsworth Road, Nine Elms, SW82
£3,50009/240.21 miWandsworth Road, Nine Elms, SW82
£3,80009/240.21 miLegacy Building, Embassy Gardens, SW112
£3,40002/240.21 mi-2
£3,18509/240.21 mi-2
£3,90009/240.21 mi-2

Local Area Statistics

Population in SW8

35,138

Population in London

4,771,921

Town centre distance

3.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

-5%

Property History

Price changed to £400,000

March 20, 2025

Listed for £425,000

February 19, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Purpose Built Top (Fifth) Floor +
  • Bathroom With Separate W.C +
  • Excellent Storage Space +
  • Residents' Parking Permit +
  • No Onward Chain +
  • 0.1 Mi From Nine Elms Tube Station +

The Property
Don’t miss out on this Amazing opportunity to acquire this two bedroom flat located on the fifth (top) floor, overlooking a lovely communal garden.
• No onward chain
•Quiet block with two flats on each floor.
• Off street residents' permit parking
•Intercom entry and also lift access
•Light and airy spacious lounge
•Kitchen with range of wall and base units
•Two good sized bedrooms
•Ample storage space
•Separate bathroom and WC
•Flat faces Wandsworth Road and is perfectly located close to ample amenities including Sainsbury's Supermarket, convenience stores and restaurants.
•Option of Leisure/ Gym facilities within close proximity from the development.
•Within close proximity to Nine Elms tube station and Vauxhall tube/train stations and Stockwell tube station are also within walking distance, making journey easy for professional city workers.
•Wandsworth Road is also served by a number of buses and a major bus depot outside Vauxhall tube station providing easy access to Clapham Junction and also central London and beyond.
• Saint Thomas’ hospital is also within the locality.
• A range of good primary schools in the vicinity.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 25/05/2127

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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