1-bedroom flat · SM6 9BY
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bright and well-presented one bedroom apartment now available in South London through Shared Ownership.
The property on the ground floor comprises an entrance hallway, living/kitchen area, one bedroom and a bathroom. Perfect for singles or couples.
Outside, the property also benefits from an allocated parking space. Available for £84,000 for 40% share based on the marketing figure of £210,000.
Monthly rent - £336.14 Monthly Service Charge - £126.11 Total Monthly Charge - £462.25 plus mortgage required for 40% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge.
Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April Location The property is situated in a residential area with convenient access to a wide range of local amenities.
The local High Street is within a 12-15 minute walk or a short 3-minute drive, offering a range of shops, supermarkets, cafés, and restaurants.
There are plenty options for your everyday needs and groceries including a convenient store only a 9 minute walk away and several larger supermarkets within a 9 minute drive including a large Morrisons, Costco and WingYip.
There are good transport links close at hand, with the nearest bus stops just a 1-5 minute walk away.
Wallington and Waddon train stations can be reached in around 6 minutes by car, providing Southern rail services with journeys to Central London in approximately 26-43 minutes.
The area also benefits from easy access to several large parks and recreational grounds including Mellows Park, Roundshaw Downs and Purley Way Playing Fields which offers plenty of space for leisurely walks and outdoor activities.
In addition, there are several primary schools within a 12 minute walking distance or 2-7 minute drive. Perfect for families with young children.
EPC rating Energy rating band - C Environmental impact band - C Other information How we allocate Shared Ownership homes We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria.
Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority.
All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home.
We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Mollison drive, Wallington
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