Description

Victorian Garden Flat situated in the heart of the extremely popular and favorable location of Oval, which has a great community feel and attracts a large number of young professionals and families alike.

Set in a well-maintained period building with a Share of Freehold and offered to the market chain free. The flat comprises of separate kitchen & reception rooms, three piece bathroom suite, two double bedrooms and a larger than average private garden.

Dorset Road is well situated between Clap Continued...

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

  • Share of Freehold
  • Large paved private garden
  • Close proximity to 3 Tube Stations
  • Two double bedrooms
  • Chain Free
  • Victorian
  • EPC
Travel time to work:

  • Oval - 0.59km, 9 mins walk
    • Northern
  • Vauxhall - 0.65km, 10 mins walk
    • Victoria
  • Stockwell - 0.87km, 13 mins walk
    • Northern
    • Victoria

Rental Yield

Average rental value

£365pw

Average weekly rent of nearby 2 beds.

Annual rental yield

3.6%

Gross yield if rented for the average rent.

Sale price

Average asking price

£500,685

Average asking price of nearby 2 beds.

Value for money

7% more expensive

This property is slightly more expensive 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