2 Bed Flat, Single Let, London, SW15 3SA, £350,000

Norstead Place, London, SW15 3SA - 3 views - 17 days ago

Leasehold

BTL

ROI: 3%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£205K - £740K
Sold Prices/m²	£5.4K/m² - £9K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£434,000£434,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£111,200£111,200

Cash Out
Rent Range	£1,625 - £3,250£1,625 - £3,250
Rent Estimate	£1,775
Running Costs/mo	£1,469£1,469
Cashflow/mo	£306£306
Cashflow/yr	£3,675£3,675
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £205K to £740K, average is £377.5K. £5.4K/m² to £9K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£256K	10/23	0.35 mi	Flat 10, Hindhead Point, Wanborough Drive, London, Greater London SW15 4AW	-	-	2	Flat
£297.5K	06/21	0.35 mi	Flat 26, Witley Point, Wanborough Drive, London, Greater London SW15 4AX	-	-	2	Flat
£290K	03/21	0.41 mi	Flat 6, Blendworth Point, Wanborough Drive, London, Greater London SW15 4AL	-	-	2	Flat
£590K	05/23	0.58 mi	61b, Medfield Street, London, Greater London SW15 4JY	£7,195	82	2	Flat
£205K	01/23	0.71 mi	Flat 8, Finchdean House, Tangley Grove, London, Greater London SW15 4EQ	-	-	2	Flat
£540K	03/23	0.72 mi	Flat 31, Highlands Heath, Portsmouth Road, London, Greater London SW15 3TR	-	-	2	Flat
£240K	12/23	0.73 mi	Flat 4, Hurstbourne House, Tangley Grove, London, Greater London SW15 4EJ	-	-	2	Flat
£490K	09/21	0.75 mi	19, Holford Way, London, Greater London SW15 5GB	£6,712	73	2	Flat
£485K	06/21	0.77 mi	13, Bader Way, London, Greater London SW15 5GD	£7,348	66	2	Flat
£601.3K	03/23	0.8 mi	92, Chapman Square, London, Greater London SW19 5QW	-	-	2	Flat
£735K	01/24	0.8 mi	73, Chapman Square, London, Greater London SW19 5QU	£7,989	92	2	Flat
£740K	03/23	0.8 mi	70, Chapman Square, London, Greater London SW19 5QU	£7,708	96	2	Flat
£350K	10/23	0.81 mi	Flat 5, Bisley House, Wimbledon Park Side, London, Greater London SW19 5NW	-	-	2	Flat
£235K	12/23	0.82 mi	Flat 8, Binley House, Highcliffe Drive, London, Greater London SW15 4PY	-	-	2	Flat
£360K	03/21	0.83 mi	107, Vale Crescent, London, Greater London SW15 3PL	£6,678	54	2	Flat
£475K	12/20	0.84 mi	65, Selhurst Close, London, Greater London SW19 6AY	£8,482	56	2	Flat
£420K	02/21	0.84 mi	87, Selhurst Close, London, Greater London SW19 6AY	£7,060	59	2	Flat
£452K	03/21	0.84 mi	30, Selhurst Close, London, Greater London SW19 6AZ	£7,764	58	2	Flat
£525K	04/23	0.84 mi	30, Selhurst Close, London, Greater London SW19 6AZ	£9,017	58	2	Flat
£364K	02/23	0.85 mi	79, Innes Gardens, London, Greater London SW15 3AD	£5,778	63	2	Flat
£375K	04/23	0.85 mi	91, Innes Gardens, London, Greater London SW15 3AD	£5,515	68	2	Flat
£225K	11/23	0.85 mi	Flat 59, Charcot House, Highcliffe Drive, London, Greater London SW15 4PT	-	-	2	Flat
£240K	02/21	0.87 mi	Flat 11, Allenford House, Tunworth Crescent, London, Greater London SW15 4PG	-	-	2	Flat
£239K	09/21	0.87 mi	Flat 14, Denmead House, Highcliffe Drive, London, Greater London SW15 4PS	-	-	2	Flat
£330K	12/20	0.88 mi	43, Tildesley Road, London, Greater London SW15 3AA	£5,410	61	2	Flat
£380K	02/23	0.89 mi	Flat 16, Greenfield House, Tilford Gardens, London, Greater London SW19 6DN	-	-	2	Flat
£621K	04/21	0.92 mi	41, Southlands Drive, London, Greater London SW19 5QH	-	-	2	Flat
£621K	04/21	0.93 mi	41, Southlands Drive, London, Greater London SW19 5QH	-	-	2	Flat
£395K	01/21	0.95 mi	Flat 18, Oakman House, Tilford Gardens, London, Greater London SW19 6EP	-	-	2	Flat
£370K	05/23	0.96 mi	13, Holly Tree Close, London, Greater London SW19 6EA	£5,522	67	2	Flat
£725K	03/23	0.97 mi	Flat 37, Exeter House, Putney Heath, London, Greater London SW15 3SX	-	-	2	Flat
£425K	10/21	0.97 mi	Flat 10, Turner Lodge, Windlesham Grove, London, Greater London SW19 6AG	-	-	2	Flat
£365K	03/23	0.97 mi	83, Glen Albyn Road, London, Greater London SW19 6HB	-	-	2	Flat
£330K	12/20	0.99 mi	16, Thursley Gardens, London, Greater London SW19 6JT	£5,593	59	2	Flat

Local Rents

17 rents from £1.6K/mo to £3.3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	04/25	0.12 mi	-	2	Flat
£2,000	09/24	0.15 mi	-	2	Flat
£1,695	09/24	0.27 mi	Frensham Drive, Putney Vale, SW15	2	Flat
£2,200	03/25	0.31 mi	-	2	Flat
£1,875	04/25	0.41 mi	-	2	Flat
£1,700	12/24	0.42 mi	-	2	Flat
£2,250	09/24	0.5 mi	Roehampton Lane, Roehampton, London, SW15	2	Flat
£2,250	03/25	0.55 mi	-	2	Flat
£2,400	03/25	0.55 mi	-	2	Flat
£2,250	02/24	0.55 mi	-	2	Flat
£2,250	03/25	0.55 mi	-	2	Flat
£2,400	04/25	0.55 mi	-	2	Flat
£1,625	04/25	0.58 mi	-	2	Flat
£2,500	09/24	0.58 mi	Medfield Street, London	2	Terraced House
£1,800	09/24	0.58 mi	Medfield Street, LONDON	2	Flat
£3,250	02/25	0.6 mi	-	2	Flat
£2,600	04/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in SW15	60,34460,344
Population in London	4,771,9214,771,921
Town centre distance	8.35 miles away8.35 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.54 miles away1.54 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+2%+2%

Property History

Listed for £350,000

March 25, 2025

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) +
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, 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?

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