3 Bed Flat, Single Let, London, SW2 3RH, £425,000

53 Challice Way, London, Greater London, SW2 3RH - 9 months ago

Sold STC
BTL
ROI: 5%
~86 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£2,000 - £3,850

Rent Estimate

£2,310

Running Costs/mo

£1,810

Cashflow/mo

£500

Cashflow/yr

£6,000

ROI

5%

Gross Yield

7%













Local Rents

50 rents from £2K/mo to £3.9K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£3,85009/240.11 mi-3
£3,85009/240.16 mi-3
£3,55009/240.16 miRush Common Mews, London, SW23
£3,55009/240.16 mi-3
£2,50002/240.18 mi-3
£2,60002/240.23 mi-3
£2,90012/240.25 mi-3
£2,60010/240.25 mi-3
£2,60009/240.26 mi-3
£2,65010/240.31 mi-3
£2,60009/240.31 miMorrish Road, London, SW23
£2,85009/240.33 mi-3
£2,65009/240.33 mi-3
£2,60009/240.35 miKintyre Court, London, SW23
£2,60009/240.35 mi-3
£2,50010/240.35 mi-3
£2,85009/240.35 miHardel Walk, London3
£2,95001/250.36 mi-3
£2,00009/240.36 miTierney Road, London, SW23
£2,50009/240.36 miLycette House, New Park Road, SW23
£3,75001/250.37 mi-3
£2,60011/240.38 mi-3
£2,20012/240.39 mi-3
£2,75012/240.39 mi-3
£3,00001/250.4 mi-3
£2,84709/240.41 miCricklade Avenue, SW23
£2,50001/250.42 mi-3
£2,70009/240.43 miNew Park Road, London, SW23
£2,40009/240.43 mi-3
£2,57012/240.45 mi-3
£2,50009/240.46 miLycette House, New Park Road, London, SW23
£2,10002/240.46 mi-3
£3,40009/240.46 miGaumont Place, Streatham Hill3
£2,35009/240.47 mi-3
£2,75009/240.48 mi-3
£2,45010/240.5 mi-3
£2,39609/240.5 miJebb Avenue, Brixton3
£2,29709/240.5 miJebb Avenue, Brixton3
£2,58009/240.5 mi-3
£3,00009/240.5 mi-3
£2,60009/240.5 mi-3
£2,60009/240.5 mi-3
£2,35012/240.5 mi-3
£3,20001/250.52 mi-3
£2,79501/250.52 mi-3
£2,40010/240.52 mi-3
£3,55010/240.55 mi-3
£3,50010/240.55 mi-3
£2,60010/240.56 mi-3
£2,60001/250.56 mi-3

Local Area Statistics

Population in SW2

54,204

Population in London

4,771,921

Town centre distance

5.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Buyer's market

Capital growth (5yrs)

-1%

Property History

Listed for £425,000

April 25, 2024

Sold for £210,000

2012

Sold for £55,000

1998

Floor Plans

Description

  • Three double bedrooms +
  • Private garden +
  • Split level +
  • New lease +
  • Excellent transport links to the City +
  • EPC rating: TBC +

Challice Way is ideal for anybody requiring access into The City due its close proximity to Tulse Hill station. Perfectly suited for commuters, the trains departing from Tulse Hill station will seamlessly transport you into The City and beyond, including both London Bridge via Peckham Rye and London Blackfriars on the Thameslink line.

This split-level apartment offers a spacious layout, featuring three generous bedrooms on the upper level alongside a family bathroom. Downstairs, you'll find a large family living room, perfect for gathering and relaxation, complemented by a separate kitchen/diner area providing ample space for culinary delights and dining experiences.

Adding to the appeal, the property includes a private garden adorned with artificial grass, offering low-maintenance charm, along with a delightful outbuilding for additional storage or leisure purposes.

Buses are frequent and provide access as far afield as Marylebone station in fare zone 1. The number 2 will take you there via Brixton, London Victoria, Hyde Park Corner, Marble Arch and Baker Street station.

In addition to the excellent transport links, the property is also positioned close to a wide array of popular local amenities. Local residents can enjoy tasty and refreshing food and drinks served by both independently owned boutiques and popular large franchises including the effervescent Queen of the South and Railway Tavern.

Stunning Brockwell Park is also nearby, providing an expansive, scenic, and peaceful place to exercise, wander and relax.

We thoroughly recommend contacting us at the earliest opportunity to avoid disappointment.

Agent Details

Oaks Estate Agents, Tulse Hill

020 3889 9151

Next Steps?

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