Description

3D tour available for those unable to view! Top floor apartment located in this brick built block within well maintained, gated estate. Comprising of a spacious bright reception, two double bedrooms, fitted kitchen, bathroom and a separate W/C. Offered vacant and chain free. Ideal as a first home or rental property. Within walking distance of Oval, Stockwell and Brixton stations giving access to rail, Northern and Victoria Line. To arrange a viewing please call the lettings team on Approx 534 sq ft / 50 sq m

Letting fees

No tenancy admin fees apply to tenancies signed after 1st June 2019.

You will be required to pay a Holding Deposit, equivalent to 1 week's rent in order to commence the process to reserve a property for consideration for tenancy.

The Holding deposit can be held for up to 15 days (The Deadline for Agreement) by which time unless mutually agreed to be extended the tenancy agreement must be signed and entered into.

The Holding Deposit is refundable (within seven days) to the tenant when the landlord and tenant agree a tenancy agreement (or where agreed in writing, can be used as part payment towards the first month's rent where a tenancy is agreed); It is also refundable to the tenant where the landlord decides before the deadline to not enter into a tenancy agreement or where the landlord and tenant fail to agree to a tenancy agreement before the deadline.

The Holding Deposit will be retained by the landlord or us as letting agent in the following circumstances:

Where the tenant applicant fail the Right to Rent check regardless of when the deposit was accepted.

Where the tenant provides false or misleading information, which we have reasonably relied upon to consider the decision to grant the tenancy because this materially affects suitability to rent the property.

Where the tenant notifies the landlord or us before the deadline for agreement that they have decided not to enter a tenancy agreement.

Where the tenant fails to take all reasonable steps to enter into a tenancy agreement.

Once your offer has been accepted the full monies for the commencement of the tenancy will fall due, including typically the first month's rent, and a deposit equivalent to 5 weeks rent (if annual rent for the tenancy is less than £50,000). The Holding deposit can be utilised towards the first month's rent.

Tenant Protection

ludlowthompson is a member of ARLA Propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the website or by contacting ludlowthompson directly.

Property features

  • Gated estate
  • Chain free
  • Close to 3 stations
  • Fireplace
  • Top floor
  • Natural light
  • EPC
Travel time to work:

  • Stockwell - 0.81km, 12 mins walk
    • Northern
    • Victoria
  • Oval - 0.84km, 13 mins walk
    • Northern
  • Loughborough Junction - 1.01km, 15 mins walk
    • National Rail

Rental Yield

Average rental value

£374pw

Average weekly rent of nearby 2 beds.

Annual rental yield

5.1%

Gross yield if rented for the average rent.

Sale price

Average asking price

£597,007

Average asking price of nearby 2 beds.

Value for money

36% cheaper

This property is cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Ludlow Thompson - Kennington / Oval
12 Clapham Road, London, SW9 0JG

020 3542 2198

Contact agent