2 Bed Flat, Single Let, London, SW16 5PL, £325,000

Hemlock Close, London, SW16 5PL - 2 views - 9 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£382,390
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,597 - £4,800

Rent Estimate

£1,650

Running Costs/mo

£1,366

Cashflow/mo

£284

Cashflow/yr

£3,413

ROI

4%

Gross Yield

6%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£315K07/230 miFlat 8, Damson House, Hemlock Close, London, Greater London SW16 5PL2
£335K01/210.02 miFlat 14, Quince House, Hemlock Close, London, Greater London SW16 5PN2
£340K09/210.13 mi44, Byards Croft, London, Greater London SW16 5EY2
£320.5K02/210.14 mi35, Byards Croft, London, Greater London SW16 5EY2
£365K12/200.14 mi18, Oxtoby Way, London, Greater London SW16 5HD2
£290K06/210.14 mi31, Oxtoby Way, London, Greater London SW16 5HD2
£450K11/200.2 mi96, Meopham Road, Mitcham, Greater London CR4 1BJ2
£300K02/230.25 mi120, Veronica Gardens, London, Greater London SW16 5JS2
£320K09/210.28 mi59, Woodstock Way, Mitcham, Greater London CR4 1BF2
£310K06/230.29 mi55, Veronica Gardens, London, Greater London SW16 5JR2
£329K02/210.29 mi36, Meopham Road, Mitcham, Greater London CR4 1BG2
£329K10/200.31 mi27, Eldertree Way, Mitcham, Greater London CR4 1AJ2
£300K05/210.31 mi45, Eldertree Way, Mitcham, Greater London CR4 1AJ2
£270K10/210.48 mi60, Wide Way, Mitcham, Greater London CR4 1BL2
£267K11/200.53 mi29, Ivy Gardens, Mitcham, Greater London CR4 1BR2
£300K11/200.53 mi4, Ivy Gardens, Mitcham, Greater London CR4 1BR2
£440K02/230.59 mi137, Ellison Road, London, Greater London SW16 5DE2
£300K11/200.59 mi123, Wide Way, Mitcham, Greater London CR4 1BQ2
£240K05/210.6 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£240K05/210.6 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£285K12/220.61 mi155, Wide Way, Mitcham, Greater London CR4 1BQ2
£320K11/220.61 mi157, Wide Way, Mitcham, Greater London CR4 1BQ2
£400K01/210.61 mi16a, Streatham Vale, London, Greater London SW16 5TE2
£500K11/210.63 miGround Floor Flat At, 76, Ellison Road, London, Greater London SW16 5BY2
£380K11/210.64 miFlat 7, Wilmington Court, Tankerville Road, London, Greater London SW16 5LN2
£520K07/210.66 miFlat A, 43, Kempshott Road, Streatham, London, Greater London SW16 5LJ2
£385K12/220.67 mi55, Elmhurst Avenue, Mitcham, Greater London CR4 2HP2
£330K05/210.67 mi4a, St Georges Road, Mitcham, Greater London CR4 1EB2
£255K04/230.67 mi14a, Sherwood Park Road, Mitcham, Greater London CR4 1NA2
£375K02/230.68 mi17, Barnfield Avenue, Mitcham, Greater London CR4 1DN2
£480K03/210.68 miGround Floor Flat, 25, Arragon Gardens, London, Greater London SW16 5LY2
£371.5K05/210.69 mi38, Arragon Gardens, London, Greater London SW16 5LX2
£415K06/210.71 miSecond Floor Flat, 17, Tankerville Road, London, Greater London SW16 5LL2
£250K08/230.72 mi662a, Streatham High Road, London, Greater London SW16 3QL2
£250K08/230.72 mi662a, Streatham High Road, London, Greater London SW16 3QL2
£287K03/210.72 mi25, Imperial Gardens, Mitcham, Greater London CR4 1ER2
£395K06/210.74 miLower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW2
£372.5K06/230.74 mi103a, Leverson Street, London, Greater London SW16 6DF2
£407K12/200.75 mi22a, Edgington Road, London, Greater London SW16 5BS2
£267.5K11/210.75 miFlat 6, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£200K04/230.76 miFlat 36, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£450K01/210.76 mi14a, Kettering Street, London, Greater London SW16 6QA2
£490K04/230.76 mi18a, Kettering Street, London, Greater London SW16 6QA2
£469K07/230.78 miThe Upper Flat, 63, Fallsbrook Road, London, Greater London SW16 6DU2
£328K07/230.79 mi367a, Streatham High Road, London, Greater London SW16 3NY2
£413K02/210.79 mi63a, Leverson Street, London, Greater London SW16 6DG2
£325K06/210.79 mi87, Leverson Street, London, Greater London SW16 6DG2
£275K08/210.8 miFirst Floor Flat, 48, Greyhound Lane, London, Greater London SW16 5RP2
£415K02/210.82 mi31, Graham Avenue, Mitcham, Greater London CR4 2HJ2
£432.5K03/210.86 mi70a, Graham Avenue, Mitcham, Greater London CR4 2HG2
£360K11/200.88 mi100, Fernthorpe Road, London, Greater London SW16 6DR2

Local Rents

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

RentDateDistanceAddressBeds 
£1,90012/240.01 mi-2
£1,65002/250.04 mi-2
£1,60009/240.16 mi-2
£1,75012/240.2 mi-2
£1,80009/240.21 miRowan Crescent, Streatham Vale, London, SW162
£2,34009/240.21 mi-2
£1,79512/240.27 mi-2
£1,85002/240.27 mi-2
£1,80009/240.28 miGreyhound Terrace, London, SW162
£2,23009/240.29 mi-2
£1,85009/240.31 miStanford Road, London, SW162
£1,75009/240.32 mi-2
£2,00009/240.32 mi-2
£1,80009/240.36 mi-2
£1,65003/240.41 miManor Road, Mitcham, CR42
£1,65004/240.41 miManor Road, Mitcham, CR42
£2,20009/240.43 mi-2
£1,85002/250.47 mi-2
£3,00003/250.48 mi-2
£4,80002/240.48 mi-2
£1,70002/250.48 mi-2
£1,70003/250.48 mi-2
£1,90005/240.49 mi-2
£1,90005/240.49 miBennetts Close, Mitcham, CR42
£1,59702/240.55 mi-2
£1,70003/240.55 mi-2
£1,65003/240.59 miWide Way, Streatham2
£2,10003/250.6 mi-2
£1,95002/250.62 mi-2

Local Area Statistics

Population in SW16

81,543

Population in London

4,771,921

Town centre distance

8.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £325,000

June 20, 2024

Sold for £227,995

2007

Floor Plans

Description

  • Chain Free +

  • Two Double Bedrooms +

  • Two Bathrooms +

  • En-Suite +

  • Parking +

  • Long Lease +

  • Excellent Decorative Order +

  • Balcony +

SUMMARY
Offered to the market chain free is this well presented two double bedroom two bathroom top floor purpose built apartment in a popular development. The property is offered with allocated parking and a balcony.

DESCRIPTION
A fantastic opportunity to acquire this two double bedroom two bathroom apartment in a popular residential development. This well-presented flat situated on the top floor, has a spacious lounge with an abundance of natural light with a modern fitted kitchen. There are two well-proportioned double bedrooms, one having an en-suite shower room with an additional family bathroom.

The property also benefits from a long lease and has its own private allocated parking space as well as balcony

Damson House is a modern, popular development within close proximity of Streatham Common Train Station and local shops and amenities.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Streatham

020 3870 1876

Next Steps?

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