Potential 4-Bed HMO, London, SW16 6BG, £499,999

Besley Street, Mitcham, London, ., SW16 6BG - 2 months ago

Auction

HMO

ROI: 5%

~76 m²

+3 photos

ValuationFair Value

Sold Prices	£350K - £940K
Sold Prices/m²	£4K/m² - £9K/m²

Square Metres	~75.71 m²
Price/m²	£6.6K/m²
Value Estimate	£505,947£505,947

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£163,700£163,700

Cash Out
Room Rate	£871£871
Gross Rent	£3,484£3,484
Running Costs/mo	£2,845£2,845
Cashflow/mo	£639£639
Cashflow/yr	£7,665£7,665
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £350K to £940K, average is £597.5K. £4K/m² to £9K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	01/23	0.03 mi	127, Besley Street, London, Greater London SW16 6BG	£6,875	80	3	Terraced House
£720K	04/23	0.06 mi	124, Leverson Street, London, Greater London SW16 6DE	£9,027	80	3	Terraced House
£700K	01/23	0.07 mi	42, Besley Street, London, Greater London SW16 6BD	£6,195	113	3	Terraced House
£350K	09/21	0.11 mi	49, Abercairn Road, London, Greater London SW16 5AE	£4,118	85	3	Terraced House
£655K	03/23	0.11 mi	53, Abercairn Road, London, Greater London SW16 5AE	-	-	3	Terraced House
£707.5K	09/21	0.14 mi	5, Eastwood Street, London, Greater London SW16 6PT	£8,238	86	3	Terraced House
£775.1K	04/23	0.14 mi	56, Credenhill Street, London, Greater London SW16 6PR	£7,599	102	3	Terraced House
£529K	12/21	0.14 mi	126, Abercairn Road, London, Greater London SW16 5AG	-	-	3	Semi-Detached House
£525K	01/23	0.15 mi	10, Leverson Street, London, Greater London SW16 6DD	£8,401	62	3	Terraced House
£680K	07/23	0.15 mi	36, Leverson Street, London, Greater London SW16 6DD	£6,939	98	3	Terraced House
£520K	06/21	0.15 mi	89, Abercairn Road, London, Greater London SW16 5AF	£6,190	84	3	Terraced House
£571.3K	05/23	0.15 mi	99, Abercairn Road, London, Greater London SW16 5AF	£6,566	87	3	Terraced House
£605K	06/23	0.15 mi	11, Carnforth Road, London, Greater London SW16 5AB	-	-	3	Terraced House
£825K	09/21	0.15 mi	51, Corsehill Street, London, Greater London SW16 6NE	£7,933	104	3	Terraced House
£686K	05/23	0.17 mi	203, Fallsbrook Road, London, Greater London SW16 6DY	-	-	3	Terraced House
£670K	03/23	0.19 mi	36, Rural Way, London, Greater London SW16 6PF	£7,444	90	3	Terraced House
£635K	02/23	0.2 mi	136, Eardley Road, London, Greater London SW16 5TG	£7,135	89	3	Terraced House
£485K	12/20	0.2 mi	140, Eardley Road, London, Greater London SW16 5TG	£5,389	90	3	Terraced House
£512K	04/23	0.2 mi	27, Braeside Road, London, Greater London SW16 5BG	£5,818	88	3	Terraced House
£535K	05/21	0.21 mi	48, Streatham Vale, London, Greater London SW16 5TD	£6,446	83	3	Terraced House
£695K	09/21	0.21 mi	9, Cunliffe Street, London, Greater London SW16 6DS	£6,683	104	3	Terraced House
£665K	02/23	0.25 mi	210, Mitcham Lane, London, Greater London SW16 6NT	-	-	3	Terraced House
£710K	11/21	0.25 mi	8, Edencourt Road, London, Greater London SW16 6QP	£7,320	97	3	Terraced House
£600K	12/20	0.25 mi	230, Abercairn Road, London, Greater London SW16 5AQ	£6,977	86	3	Terraced House
£550K	12/20	0.26 mi	121, Abercairn Road, London, Greater London SW16 5AH	-	-	3	Terraced House
£595K	12/21	0.31 mi	18, Sherwood Avenue, London, Greater London SW16 5EW	£6,330	94	3	Terraced House
£550K	06/23	0.32 mi	21, Helmsdale Road, London, Greater London SW16 5UT	£7,051	78	3	Terraced House
£759.7K	08/23	0.32 mi	38, Greyswood Street, London, Greater London SW16 6QN	£7,597	100	3	Terraced House
£575K	01/21	0.32 mi	49, Westcote Road, London, Greater London SW16 6BN	£4,832	119	3	Terraced House
£940K	04/23	0.33 mi	51, Pathfield Road, London, Greater London SW16 5NZ	£7,344	128	3	Terraced House
£700K	03/21	0.34 mi	21, Ridge Road, Mitcham, Greater London CR4 2ET	£7,447	94	3	Terraced House
£529K	11/21	0.34 mi	17, Churchmore Road, London, Greater London SW16 5UY	£6,531	81	3	Terraced House
£690K	04/23	0.34 mi	181, Abercairn Road, London, Greater London SW16 5AJ	£8,313	83	3	Terraced House
£775K	09/23	0.35 mi	33, Vectis Road, London, Greater London SW17 9RF	£6,858	113	3	Terraced House
£750K	01/21	0.35 mi	37, Vectis Road, London, Greater London SW17 9RF	£6,303	119	3	Terraced House
£550K	03/21	0.35 mi	89, Park Avenue, Mitcham, Greater London CR4 2ES	-	-	3	Terraced House
£490K	03/21	0.37 mi	31, Caithness Road, Mitcham, Greater London CR4 2EY	-	-	3	Terraced House
£560K	11/20	0.38 mi	86, Melrose Avenue, Mitcham, Greater London CR4 2EJ	£5,657	99	3	Terraced House
£570K	09/22	0.38 mi	34, Hill Road, Mitcham, Greater London CR4 2HQ	£5,278	108	3	Semi-Detached House
£470K	12/20	0.39 mi	4, Vectis Road, London, Greater London SW17 9RG	£4,017	117	3	Terraced House
£700K	04/23	0.39 mi	36, Vectis Road, London, Greater London SW17 9RG	£6,364	110	3	Terraced House
£575K	12/22	0.39 mi	95, Melrose Avenue, Mitcham, Greater London CR4 2ED	-	-	3	Terraced House
£575K	03/23	0.39 mi	62, Glenister Park Road, Streatham, London, Greater London SW16 5DU	-	-	3	Terraced House
£495K	06/21	0.4 mi	30, Hill Road, Mitcham, Greater London CR4 2HQ	£4,950	100	3	Semi-Detached House
£515K	12/20	0.41 mi	104, Sherwood Avenue, London, Greater London SW16 5EJ	£5,920	87	3	Terraced House
£497K	07/21	0.41 mi	54, Fieldend Road, London, Greater London SW16 5SS	£5,584	89	3	Terraced House
£715K	06/21	0.41 mi	151, Ribblesdale Road, London, Greater London SW16 6SP	-	-	3	Terraced House
£527.5K	03/23	0.41 mi	94, Sherwood Avenue, London, Greater London SW16 5EJ	-	-	3	Terraced House
£810K	08/23	0.43 mi	144, Gleneagle Road, Streatham, London, Greater London SW16 6BA	-	-	3	Terraced House
£627.5K	09/21	0.44 mi	113, Greyhound Lane, London, Greater London SW16 5NW	£7,051	89	3	Terraced House

Local Area Statistics

Population in SW16	81,54381,543
Population in London	4,771,9214,771,921
Town centre distance	7.71 miles away7.71 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £499,999

February 24, 2025

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Three Bedrooms +
Two Reception Rooms +
Kitchen +
Bathroom +
Courtyard Garden +

This charming, double-fronted end-of-terrace house is nestled at the quiet end of a peaceful residential cul-de-sac.

Flooded with natural light thanks to its generous glazing, the property exudes character with its dual fireplaces and is presented in very good condition. For those seeking to add value, the home offers significant potential for reconfiguration, while investors may see an opportunity to convert it into a well-proportioned HMO (subject to necessary permissions).

The layout is thoughtfully designed, with the ground floor comprising a welcoming porch, two spacious reception rooms, a kitchen, and a tiled bathroom. Upstairs, the first floor offers three bedrooms—two doubles and a single—ideal for families or shared living.

To the rear, you'll find a wide yet shallow courtyard garden, perfect for outdoor relaxation with minimal maintenance.

Situated close to the heart of Streatham, the property benefits from easy access to a vibrant mix of shops, cafes, restaurants, and bars. Streatham Common Station is just a short walk away, providing excellent transport links for seamless commutes to Central London

Council Tax Band: D
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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