2 Bed Flat, Single Let, London, SW18 2LF, £420,000

Merstone House, Borrodaile Road, London, SW18 2LF - 14 days ago

Leasehold

BTL

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£280K - £940K
Sold Prices/m²	£4.9K/m² - £10.7K/m²

Square Metres	~68.11 m²
Price/m²	£6.2K/m²
Value Estimate	£521,168£521,168
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£105,000£105,000
Stamp Duty & Legal Fees	£30,700£30,700
Total Cash In	£135,700£135,700

Cash Out
Rent Range	£1,650 - £3,500£1,650 - £3,500
Rent Estimate	£1,600
Running Costs/mo	£1,653£1,653
Cashflow/mo	£-52£-52
Cashflow/yr	£-630£-630
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £280K to £940K, average is £500K. £4.9K/m² to £10.7K/m², average is £7.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£393K	05/24	0 mi	Merstone House, Flat 14, Borrodaile Road, London, Greater London SW18 2LF	£6,238	63	2	Flat
£393K	12/23	0 mi	Flat 20, Merstone House, Borrodaile Road, London, Greater London SW18 2LF	-	-	2	Flat
£400K	02/21	0.02 mi	Flat 11, Vectis Court, Borrodaile Road, London, Greater London SW18 2LE	-	-	2	Flat
£280K	02/23	0.11 mi	Flat 78, Wentworth Court, Garratt Lane, London, Greater London SW18 4BT	-	-	2	Flat
£390K	01/21	0.12 mi	Flat 11, Swanmore Court, Garton Place, London, Greater London SW18 2AY	-	-	2	Flat
£510K	04/21	0.15 mi	3, St Anns Crescent, London, Greater London SW18 2ND	-	-	2	Flat
£471.1K	03/21	0.16 mi	9, Berisford Mews, London, Greater London SW18 2LW	£7,247	65	2	Flat
£635K	03/23	0.16 mi	184a - 184b, St Ann's Hill, London, Greater London SW18 2RT	-	-	2	Flat
£465K	07/23	0.16 mi	85a, Allfarthing Lane, London, Greater London SW18 2AS	-	-	2	Flat
£400K	08/23	0.19 mi	7, Delia Street, London, Greater London SW18 2BT	£7,407	54	2	Flat
£445K	07/23	0.19 mi	7c, Delia Street, London, Greater London SW18 2BT	-	-	2	Flat
£565K	01/21	0.19 mi	13, Daphne Street, London, Greater London SW18 2BJ	£8,309	68	2	Flat
£465K	03/21	0.19 mi	11, Delia Street, London, Greater London SW18 2BT	£8,807	53	2	Flat
£465K	03/21	0.19 mi	11, Delia Street, London, Greater London SW18 2BT	£8,807	53	2	Flat
£601K	03/21	0.19 mi	74, Aslett Street, London, Greater London SW18 2BQ	£7,273	83	2	Flat
£625K	12/20	0.2 mi	107, Aslett Street, London, Greater London SW18 2BG	£9,058	69	2	Flat
£306K	01/21	0.21 mi	Flat 43, Wentworth Court, Garratt Lane, London, Greater London SW18 4BT	-	-	2	Flat
£547K	06/21	0.28 mi	First And Second Floor Flat At, 21, Galesbury Road, London, Greater London SW18 2RL	-	-	2	Flat
£621K	10/23	0.28 mi	17, Barmouth Road, London, Greater London SW18 2DT	£9,269	67	2	Flat
£434.3K	07/23	0.3 mi	50, Fairfield Drive, London, Greater London SW18 1DL	£6,786	64	2	Flat
£350K	05/23	0.31 mi	8, Shire Place, London, Greater London SW18 3BP	£6,731	52	2	Flat
£600K	07/23	0.32 mi	4b, Jeypore Road, London, Greater London SW18 2RJ	£7,317	82	2	Flat
£400K	10/21	0.32 mi	30, Kimber Road, London, Greater London SW18 4NP	£8,696	46	2	Flat
£735K	07/23	0.33 mi	92a, Melody Road, London, Greater London SW18 2QG	-	-	2	Flat
£530K	06/21	0.35 mi	73, Bassingham Road, London, Greater London SW18 3AF	£8,281	64	2	Flat
£530K	06/21	0.35 mi	73, Bassingham Road, London, Greater London SW18 3AF	£8,281	64	2	Flat
£625K	03/23	0.35 mi	First Floor Flat, 93, Twilley Street, London, Greater London SW18 4NW	£10,593	59	2	Flat
£428K	02/21	0.36 mi	135, Merton Road, London, Greater London SW18 5EH	£10,700	40	2	Flat
£770K	02/21	0.36 mi	91a, Melody Road, London, Greater London SW18 2QQ	-	-	2	Flat
£580K	05/23	0.41 mi	76a, Earlsfield Road, London, Greater London SW18 3DN	-	-	2	Flat
£665K	04/23	0.41 mi	29a, Brathway Road, London, Greater London SW18 4BE	-	-	2	Flat
£477.5K	03/23	0.42 mi	13b, Alma Road, London, Greater London SW18 1AA	-	-	2	Flat
£587.5K	01/21	0.43 mi	43a, Camborne Road, London, Greater London SW18 4BH	-	-	2	Flat
£510K	10/23	0.43 mi	Ground Floor Flat, 20, Camborne Road, London, Greater London SW18 4BJ	£10,408	49	2	Flat
£400K	03/23	0.45 mi	Flat 13, Alexander Court, Wandsworth Common West Side, London, Greater London SW18 2EJ	£5,714	70	2	Flat
£430K	02/23	0.46 mi	Flat 21, Tower Court, Frogmore, London, Greater London SW18 1HL	-	-	2	Flat
£403.8K	02/21	0.46 mi	29, Morris Gardens, London, Greater London SW18 5HL	£6,266	64	2	Flat
£765K	06/21	0.46 mi	24, Ebner Street, London, Greater London SW18 1BT	£10,008	76	2	Flat
£325K	06/21	0.46 mi	Second Floor Flat, 76a, Lebanon Gardens, London, Greater London SW18 1RH	-	-	2	Flat
£627.5K	03/21	0.48 mi	1, Farlton Road, London, Greater London SW18 3BJ	£7,844	80	2	Flat
£460K	02/21	0.48 mi	211, Merton Road, London, Greater London SW18 5EE	£5,913	78	2	Flat
£500K	08/21	0.49 mi	171, Earlsfield Road, London, Greater London SW18 3DD	-	-	2	Flat
£500K	06/21	0.49 mi	Upper Floor Flat, 193, Earlsfield Road, London, Greater London SW18 3DD	-	-	2	Flat
£615K	12/20	0.5 mi	90a, Ringford Road, London, Greater London SW18 1RR	£8,494	72	2	Flat
£560K	05/23	0.5 mi	Flat 15, Milton Court, Chesterton Close, London, Greater London SW18 1ST	-	-	2	Flat
£570K	10/23	0.52 mi	59, West Hill Road, London, Greater London SW18 1LE	£7,460	76	2	Flat
£490K	12/21	0.52 mi	3a, Granville Road, London, Greater London SW18 5SB	£4,851	101	2	Flat
£940K	12/21	0.52 mi	27, Granville Road, London, Greater London SW18 5SB	-	-	2	Flat
£355K	08/23	0.54 mi	107, Ericcson Close, London, Greater London SW18 1SQ	£7,396	48	2	Flat
£510K	09/21	0.54 mi	Flat C, 234, Earlsfield Road, London, Greater London SW18 3DX	£7,391	69	2	Flat

Local Rents

50 rents from £1.6K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	09/24	0.1 mi	Denton Street, Battersea, SW18	2	Flat
£1,850	09/24	0.1 mi	-	2	Flat
£1,750	09/24	0.11 mi	Marcus Terrace, Wandsworth, London, SW18	2	Flat
£3,000	01/25	0.12 mi	-	2	Flat
£2,600	10/24	0.12 mi	-	2	Flat
£1,950	03/25	0.12 mi	-	2	Flat
£1,650	12/24	0.13 mi	-	2	Flat
£2,950	09/24	0.13 mi	Mapleton Crescent, London	2	Flat
£2,750	03/25	0.15 mi	-	2	Flat
£2,300	09/24	0.15 mi	Argento Tower, Mapleton Road	2	Flat
£1,950	11/24	0.15 mi	-	2	Flat
£1,995	09/24	0.15 mi	-	2	Flat
£3,200	02/25	0.16 mi	-	2	Flat
£2,500	03/25	0.17 mi	-	2	Flat
£2,000	11/24	0.17 mi	-	2	Flat
£2,600	09/24	0.17 mi	Sorting House	2	Flat
£2,250	09/24	0.17 mi	Berisford Mews, St Ann's Crescent, London, SW18	2	Flat
£2,050	09/24	0.19 mi	Crealock Street, London, SW18	2	Flat
£2,300	10/24	0.19 mi	-	2	Flat
£2,995	01/25	0.19 mi	-	2	Flat
£2,000	09/24	0.21 mi	-	2	Flat
£1,995	12/24	0.21 mi	-	2	Flat
£1,925	03/25	0.22 mi	-	2	Flat
£2,200	02/25	0.23 mi	-	2	Flat
£2,700	11/24	0.23 mi	-	2	Flat
£1,900	09/24	0.24 mi	Wandsworth High Street, London, SW18	2	Flat
£2,400	09/24	0.25 mi	-	2	Flat
£2,200	03/25	0.25 mi	-	2	Flat
£2,200	09/24	0.26 mi	-	2	Flat
£2,300	09/24	0.26 mi	Furmage Street, London	2	Flat
£2,300	09/24	0.26 mi	Chapel Yard, London, SW18	2	Flat
£2,400	03/25	0.28 mi	-	2	Flat
£2,380	09/24	0.28 mi	-	2	Flat
£2,400	10/24	0.29 mi	-	2	Flat
£2,097	09/24	0.29 mi	Aurora Apartments, 10 Buckhold Road, Wandsworth Town, London, SW18	2	Flat
£2,325	11/24	0.3 mi	-	2	Flat
£2,300	09/24	0.3 mi	Swaffield Road London SW18	2	Flat
£2,925	09/24	0.31 mi	Ram Quarter, London SW18	2	Flat
£2,817	01/25	0.31 mi	-	2	Flat
£2,200	09/24	0.31 mi	Buckhold Road, London, SW18	2	Flat
£2,450	09/24	0.31 mi	Buckhold Road, Wandsworth, SW18	2	Flat
£1,900	09/24	0.31 mi	Brathway Road, London, SW18	2	Flat
£3,000	11/24	0.31 mi	-	2	Flat
£2,600	09/24	0.32 mi	Buckhold Road, Wandsworth Town, London, SW18	2	Flat
£2,600	09/24	0.32 mi	Buckhold Road London SW18	2	Flat
£2,600	10/24	0.32 mi	-	2	Flat
£3,500	10/24	0.32 mi	-	2	Flat
£2,800	02/25	0.32 mi	-	2	Flat
£3,500	11/24	0.32 mi	-	2	Flat
£2,000	09/24	0.33 mi	Fairfield Drive, Wandsworth	2	Flat

Local Area Statistics

Population in SW18	59,80659,806
Population in London	4,771,9214,771,921
Town centre distance	6.32 miles away6.32 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+3%+3%

Property History

Listed for £420,000

March 19, 2025

Floor Plans

Description

Newly Extended Lease +
760 Sqft +
South Facing +
2 Large Double Bedrooms +
Bay Window +
Wooden Flooring +

Spacious & Bright 2-Bedroom First-Floor Flat – South Facing with Extended Lease.

Nestled in the heart of SW18, this beautifully presented two-bedroom first-floor flat in Merstone House offers a fantastic opportunity for first-time buyers, young families, and investors alike. Offered chain-free and benefiting from a newly extended 177-year lease, the property is ready for immediate occupation or rental.

The flat boasts a generous 760 sq. ft. of well-designed living space, with a bright and airy south-facing reception room that enjoys plenty of natural light through its charming bay window. The elegant wooden flooring throughout enhances the home’s character, adding warmth and style to every room. Two well-proportioned double bedrooms provide comfortable living space, while the separate fitted kitchen and modern bathroom complete this inviting home.

Ideally located, the property benefits from excellent transport connections. Earlsfield Station is within easy reach, offering swift links to Clapham Junction in just three minutes, Vauxhall in eight, and Waterloo in thirteen, making commuting effortless. Wandsworth Town Station is also nearby, along with a variety of bus routes and cycling paths, ensuring fantastic connectivity across London.

For those who enjoy outdoor spaces, King George’s Park is just a short walk away, providing lush green surroundings, tennis courts, and a leisure centre. The expansive Wandsworth Common and Wimbledon Park are also close by, offering peaceful retreats for walking, exercising, or weekend picnics. The area is equally well-served by Southside Shopping Centre, where a wide selection of shops, restaurants, and a cinema cater to all lifestyle needs.

With strong rental demand in the area, this property presents an excellent investment opportunity, with a potential rental income of £1,600 per month. Whether you’re looking for a stylish home in a thriving community or a high-yield addition to your portfolio, this well-maintained and ideally situated flat is a must-see.

Lease: 177 years remaining
Service Charge: £1500pa
Ground Rent: Nil

Agent Details

Willmotts, London

020 3909 6769

Next Steps?

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

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