2 Bed Flat, Single Let, London, SW15 3SA, £399,950

Norstead Place, London, SW15 3SA - 2 views - a month ago

Leasehold
BTL
ROI: 1%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£190.8K - £740K
Sold Prices/m²£3.3K/m² - £9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£485,466
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£99,988

Stamp Duty & Legal Fees

£28,695

Total Cash In

£128,683

 

 

Cash Out

 

Rent Range

£1,625 - £3,250

Rent Estimate

£1,750

Running Costs/mo

£1,620

Cashflow/mo

£130

Cashflow/yr

£1,562

ROI

1%

Gross Yield

5%

Local Sold Prices

30 sold prices from £190.8K to £740K, average is £377.5K. £3.3K/m² to £9K/m², average is £7.1K/m².

PriceDateDistanceAddressBeds 
£297.5K06/210.36 miFlat 26, Witley Point, Wanborough Drive, London, Greater London SW15 4AX2
£256K10/230.37 miFlat 10, Hindhead Point, Wanborough Drive, London, Greater London SW15 4AW2
£290K03/210.42 miFlat 6, Blendworth Point, Wanborough Drive, London, Greater London SW15 4AL2
£590K05/230.57 mi61b, Medfield Street, London, Greater London SW15 4JY2
£205K01/230.67 miFlat 8, Finchdean House, Tangley Grove, London, Greater London SW15 4EQ2
£240K12/230.69 miFlat 4, Hurstbourne House, Tangley Grove, London, Greater London SW15 4EJ2
£490K09/210.73 mi19, Holford Way, London, Greater London SW15 5GB2
£540K03/230.74 miFlat 31, Highlands Heath, Portsmouth Road, London, Greater London SW15 3TR2
£485K06/210.74 mi13, Bader Way, London, Greater London SW15 5GD2
£235K12/230.79 miFlat 8, Binley House, Highcliffe Drive, London, Greater London SW15 4PY2
£225K11/230.81 miFlat 59, Charcot House, Highcliffe Drive, London, Greater London SW15 4PT2
£360K03/210.82 mi107, Vale Crescent, London, Greater London SW15 3PL2
£240K02/210.82 miFlat 11, Allenford House, Tunworth Crescent, London, Greater London SW15 4PG2
£239K09/210.83 miFlat 14, Denmead House, Highcliffe Drive, London, Greater London SW15 4PS2
£364K02/230.85 mi79, Innes Gardens, London, Greater London SW15 3AD2
£375K04/230.85 mi91, Innes Gardens, London, Greater London SW15 3AD2
£601.3K03/230.86 mi92, Chapman Square, London, Greater London SW19 5QW2
£735K01/240.86 mi73, Chapman Square, London, Greater London SW19 5QU2
£740K03/230.86 mi70, Chapman Square, London, Greater London SW19 5QU2
£350K10/230.86 miFlat 5, Bisley House, Wimbledon Park Side, London, Greater London SW19 5NW2
£330K12/200.88 mi43, Tildesley Road, London, Greater London SW15 3AA2
£475K12/200.89 mi65, Selhurst Close, London, Greater London SW19 6AY2
£420K02/210.89 mi87, Selhurst Close, London, Greater London SW19 6AY2
£452K03/210.89 mi30, Selhurst Close, London, Greater London SW19 6AZ2
£525K04/230.89 mi30, Selhurst Close, London, Greater London SW19 6AZ2
£380K02/230.94 miFlat 16, Greenfield House, Tilford Gardens, London, Greater London SW19 6DN2
£725K03/230.97 miFlat 37, Exeter House, Putney Heath, London, Greater London SW15 3SX2
£621K04/210.98 mi41, Southlands Drive, London, Greater London SW19 5QH2
£190.8K08/230.98 miFlat 7, Douglas House, Toland Square, London, Greater London SW15 5PG2
£621K04/210.98 mi41, Southlands Drive, London, Greater London SW19 5QH2

Local Rents

18 rents from £1.6K/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,75004/250.1 mi-2
£2,00009/240.17 mi-2
£1,69509/240.28 miFrensham Drive, Putney Vale, SW152
£2,20003/250.33 mi-2
£1,70012/240.38 mi-2
£1,87504/250.42 mi-2
£2,25009/240.48 miRoehampton Lane, Roehampton, London, SW152
£2,25003/250.54 mi-2
£2,40003/250.54 mi-2
£2,25002/240.54 mi-2
£2,25003/250.54 mi-2
£2,40004/250.54 mi-2
£1,62504/250.56 mi-2
£2,50009/240.57 miMedfield Street, London2
£1,80009/240.57 miMedfield Street, LONDON2
£3,25002/250.59 mi-2
£2,60004/250.59 mi-2
£2,00004/250.61 mi-2

Local Area Statistics

Population in SW15

60,344

Population in London

4,771,921

Town centre distance

8.37 miles away

Nearest school

0.20 miles away

Nearest train station

1.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+2%

Property History

Listed for £399,950

February 27, 2025

Floor Plans

Description

  • No Onward Chain - Leasehold +
  • 2 Genuine Double Bedrooms (Carpeted Bedrooms) +
  • 2 Bathrooms (1 En Suite, 1 Family Bathroom with Shower over Bath) +
  • Bright Open Place Reception +
  • Fitted Kitchen with Appliances (Separate Utility Room with Washing Machine) +
  • Private Garden (access off Kitchen) - Also access to Communal Gardens +
  • Modern Finish Throughout +
  • Convenient Location to Putney, Kingston and Roehampton +
  • Double Glazed Throughout - Free On Street Parking +
  • Wandsworth Council Tax +

A beautiful and bright apartment in a modern development.

The property comprises two genuine double bedrooms, two newly tiled bathrooms, one en-suite and one full family bathroom.
The open plan kitchen is very modern and fully equipped and the reception room benefits from wooden floors.

Further benefits from ample storage space, a large private patio, double glazing and gas heating.

Norstead Place is located in Putney Vale, with very easy access to the A3 and circa a 10 minute bus ride to Putney Rail Station. Moments from Richmond Park and Wimbledon Common. The EPC rating is band B and the property is located in one of the greenest areas of London. The property falls within Wandsworth Council Tax.

This well kept apartment is situated in a family friendly community of 14 apartments which share a beautifully maintained communal garden with shared covered bicycle storage. The ancient Richmond Park boundary wall is the only barrier between the garden and open countryside.
There is ample parking to the front of the property and a secure gated space at the foot of the communal garden. There are excellent transport links out towards Surrey from the A3 and 24 hour bus routes to Putney and Barnes with their mainline and underground links to Waterloo on the doorstep.

This property would suit anyone who aspires to live in the countryside whilst being a 'stones throw away' from the life of the city, ideal for first time buyers and buy to let investors.

Agent Details

Rosewood Estates, London

020 3869 5731

Next Steps?

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