2 Bed Flat, Single Let, London, SW16 5PL, £300,000

Hemlock Close, London, SW16 5PL - 24 days ago

Leasehold

BTL

ROI: 5%

~68 m²

+12 photos

ValuationUndervalued

Sold Prices	£200K - £520K
Sold Prices/m²	£4K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£372,000£372,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£93,700£93,700

Cash Out
Rent Range	£1,597 - £4,800£1,597 - £4,800
Rent Estimate	£1,638
Running Costs/mo	£1,285£1,285
Cashflow/mo	£353£353
Cashflow/yr	£4,235£4,235
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £200K to £520K, average is £329K. £4K/m² to £8.8K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£315K	07/23	0 mi	Flat 8, Damson House, Hemlock Close, London, Greater London SW16 5PL	-	-	2	Flat
£335K	01/21	0.02 mi	Flat 14, Quince House, Hemlock Close, London, Greater London SW16 5PN	-	-	2	Flat
£340K	09/21	0.13 mi	44, Byards Croft, London, Greater London SW16 5EY	£6,939	49	2	Flat
£320.5K	02/21	0.14 mi	35, Byards Croft, London, Greater London SW16 5EY	-	-	2	Flat
£365K	12/20	0.14 mi	18, Oxtoby Way, London, Greater London SW16 5HD	£6,518	56	2	Flat
£290K	06/21	0.14 mi	31, Oxtoby Way, London, Greater London SW16 5HD	£6,444	45	2	Flat
£450K	11/20	0.2 mi	96, Meopham Road, Mitcham, Greater London CR4 1BJ	£4,839	93	2	Flat
£300K	02/23	0.25 mi	120, Veronica Gardens, London, Greater London SW16 5JS	£4,348	69	2	Flat
£320K	09/21	0.28 mi	59, Woodstock Way, Mitcham, Greater London CR4 1BF	£5,333	60	2	Flat
£310K	06/23	0.29 mi	55, Veronica Gardens, London, Greater London SW16 5JR	-	-	2	Flat
£329K	02/21	0.29 mi	36, Meopham Road, Mitcham, Greater London CR4 1BG	£5,576	59	2	Flat
£329K	10/20	0.31 mi	27, Eldertree Way, Mitcham, Greater London CR4 1AJ	£5,672	58	2	Flat
£300K	05/21	0.31 mi	45, Eldertree Way, Mitcham, Greater London CR4 1AJ	£5,085	59	2	Flat
£270K	10/21	0.48 mi	60, Wide Way, Mitcham, Greater London CR4 1BL	£3,971	68	2	Flat
£267K	11/20	0.53 mi	29, Ivy Gardens, Mitcham, Greater London CR4 1BR	£4,525	59	2	Flat
£300K	11/20	0.53 mi	4, Ivy Gardens, Mitcham, Greater London CR4 1BR	£4,839	62	2	Flat
£440K	02/23	0.59 mi	137, Ellison Road, London, Greater London SW16 5DE	-	-	2	Flat
£300K	11/20	0.59 mi	123, Wide Way, Mitcham, Greater London CR4 1BQ	£5,357	56	2	Flat
£240K	05/21	0.6 mi	271, Tamworth Lane, Mitcham, Greater London CR4 1DD	-	-	2	Flat
£240K	05/21	0.6 mi	271, Tamworth Lane, Mitcham, Greater London CR4 1DD	-	-	2	Flat
£285K	12/22	0.61 mi	155, Wide Way, Mitcham, Greater London CR4 1BQ	-	-	2	Flat
£320K	11/22	0.61 mi	157, Wide Way, Mitcham, Greater London CR4 1BQ	£7,442	43	2	Flat
£400K	01/21	0.61 mi	16a, Streatham Vale, London, Greater London SW16 5TE	£8,696	46	2	Flat
£500K	11/21	0.63 mi	Ground Floor Flat At, 76, Ellison Road, London, Greater London SW16 5BY	-	-	2	Flat
£380K	11/21	0.64 mi	Flat 7, Wilmington Court, Tankerville Road, London, Greater London SW16 5LN	-	-	2	Flat
£520K	07/21	0.66 mi	Flat A, 43, Kempshott Road, Streatham, London, Greater London SW16 5LJ	-	-	2	Flat
£385K	12/22	0.67 mi	55, Elmhurst Avenue, Mitcham, Greater London CR4 2HP	£7,404	52	2	Flat
£330K	05/21	0.67 mi	4a, St Georges Road, Mitcham, Greater London CR4 1EB	£4,783	69	2	Flat
£255K	04/23	0.67 mi	14a, Sherwood Park Road, Mitcham, Greater London CR4 1NA	-	-	2	Flat
£375K	02/23	0.68 mi	17, Barnfield Avenue, Mitcham, Greater London CR4 1DN	£5,597	67	2	Flat
£480K	03/21	0.68 mi	Ground Floor Flat, 25, Arragon Gardens, London, Greater London SW16 5LY	£6,857	70	2	Flat
£371.5K	05/21	0.69 mi	38, Arragon Gardens, London, Greater London SW16 5LX	-	-	2	Flat
£415K	06/21	0.71 mi	Second Floor Flat, 17, Tankerville Road, London, Greater London SW16 5LL	-	-	2	Flat
£250K	08/23	0.72 mi	662a, Streatham High Road, London, Greater London SW16 3QL	-	-	2	Flat
£250K	08/23	0.72 mi	662a, Streatham High Road, London, Greater London SW16 3QL	-	-	2	Flat
£287K	03/21	0.72 mi	25, Imperial Gardens, Mitcham, Greater London CR4 1ER	£4,042	71	2	Flat
£395K	06/21	0.74 mi	Lower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW	-	-	2	Flat
£372.5K	06/23	0.74 mi	103a, Leverson Street, London, Greater London SW16 6DF	£5,913	63	2	Flat
£407K	12/20	0.75 mi	22a, Edgington Road, London, Greater London SW16 5BS	£8,306	49	2	Flat
£267.5K	11/21	0.75 mi	Flat 6, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB	-	-	2	Flat
£200K	04/23	0.76 mi	Flat 36, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB	-	-	2	Flat
£450K	01/21	0.76 mi	14a, Kettering Street, London, Greater London SW16 6QA	£5,625	80	2	Flat
£490K	04/23	0.76 mi	18a, Kettering Street, London, Greater London SW16 6QA	£6,282	78	2	Flat
£469K	07/23	0.78 mi	The Upper Flat, 63, Fallsbrook Road, London, Greater London SW16 6DU	-	-	2	Flat
£328K	07/23	0.79 mi	367a, Streatham High Road, London, Greater London SW16 3NY	£5,290	62	2	Flat
£413K	02/21	0.79 mi	63a, Leverson Street, London, Greater London SW16 6DG	£6,453	64	2	Flat
£325K	06/21	0.79 mi	87, Leverson Street, London, Greater London SW16 6DG	£5,603	58	2	Flat
£275K	08/21	0.8 mi	First Floor Flat, 48, Greyhound Lane, London, Greater London SW16 5RP	£4,231	65	2	Flat
£415K	02/21	0.82 mi	31, Graham Avenue, Mitcham, Greater London CR4 2HJ	-	-	2	Flat
£432.5K	03/21	0.86 mi	70a, Graham Avenue, Mitcham, Greater London CR4 2HG	£8,827	49	2	Flat
£360K	11/20	0.88 mi	100, Fernthorpe Road, London, Greater London SW16 6DR	£7,261	50	2	Flat

Local Rents

30 rents from £1.6K/mo to £4.8K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	12/24	0.01 mi	-	2	Flat
£1,650	02/25	0.04 mi	-	2	Flat
£1,600	09/24	0.16 mi	-	2	Flat
£1,750	12/24	0.2 mi	-	2	Flat
£1,800	09/24	0.21 mi	Rowan Crescent, Streatham Vale, London, SW16	2	Flat
£2,340	09/24	0.21 mi	-	2	Detached House
£1,795	12/24	0.27 mi	-	2	Flat
£1,850	02/24	0.27 mi	-	2	Terraced House
£1,800	09/24	0.28 mi	Greyhound Terrace, London, SW16	2	Terraced House
£2,230	09/24	0.29 mi	-	2	Flat
£1,900	03/25	0.29 mi	-	2	Semi-Detached House
£1,850	09/24	0.31 mi	Stanford Road, London, SW16	2	Flat
£1,750	09/24	0.32 mi	-	2	Flat
£2,000	09/24	0.32 mi	-	2	Semi-Detached House
£1,800	09/24	0.36 mi	-	2	Flat
£1,650	03/24	0.41 mi	Manor Road, Mitcham, CR4	2	Terraced House
£1,650	04/24	0.41 mi	Manor Road, Mitcham, CR4	2	Terraced House
£2,200	09/24	0.43 mi	-	2	Semi-Detached House
£1,850	02/25	0.47 mi	-	2	Flat
£3,000	04/25	0.48 mi	-	2	Terraced House
£4,800	02/24	0.48 mi	-	2	Detached House
£1,700	02/25	0.48 mi	-	2	Terraced House
£1,700	03/25	0.48 mi	-	2	Terraced House
£1,900	05/24	0.49 mi	-	2	Semi-Detached House
£1,900	05/24	0.49 mi	Bennetts Close, Mitcham, CR4	2	Semi-Detached House
£1,597	02/24	0.55 mi	-	2	Flat
£1,700	03/24	0.55 mi	-	2	Flat
£1,650	03/24	0.59 mi	Wide Way, Streatham	2	Flat
£2,100	03/25	0.6 mi	-	2	Flat
£1,950	02/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in SW16	81,54381,543
Population in London	4,771,9214,771,921
Town centre distance	8.37 miles away8.37 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.69 miles away0.69 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 £300,000

March 18, 2025

Floor Plans

Description

Two Bedrooms +
Purpose Bulit Apartment +
Two Bathroom +
Private Balcony +
Cul De Sac +
Close to Bus Routes and Shops +

Guide Price £300,000-£350,000
A beautifully presented two double bedroom apartment located on the top floor of this attractive purpose-built block. The property benefits from a master bedroom with en-suite shower room, a spacious reception room, modern fitted kitchen, a private balcony to sit on and enjoy a morning coffee, communal gardens and communal parking. This stylish building is sought after and would make a great investment or home for a first time buyer looking to get on to the ladder. The flat is well equipped, well-maintained, and has modern appliances and could be moved into at no further expense.

Located in a desirable area with both Norbury's London Road and Streatham Vale nearby. The flat enjoys allocated parking. There are 3 mainline train stations all within walking distance - Norbury, Streatham Common and Mitcham Eastfields. The flat is in the catchment area of two primary schools rated as outstanding by Ofsted.

Early viewings recommended.

Agent Details

Bairstow Eves, Norbury

020 3871 7308

Next Steps?

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

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