# 2 bedroom bungalow for sale (SW1V 4HF)

## Property Details

| Key | Value |
|-----|-------|
| Address | 75C, ALDERNEY STREET, LONDON, GREATER LONDON SW1V 4HF |
| Price | £650,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £858,000 Dec 2023 |

## Description

A superb two-bedroom garden flat is presented to the market in the heart of Pimlico, SW1 with no onward chain.

The accommodation comprises a well-proportioned reception room, two double bedrooms with built-in storage, a separate bathroom and shower, and a separate kitchen. The property further benefits from a delightful private rear garden ideal for relaxing or entertaining.

This would suit all those looking for a first time buy in prime central London, a downsize or indeed a long term investment. 

Alderney Street is ideally situated within the centre of the Pimlico Grid, conveniently close to the bars, shops, and restaurants the immediate area has offer as well as local, national and international travel from Victoria mainline station.

## Property Photos

- ![Photo](/listings/photos/88524303/1057679)
- ![Photo](/listings/photos/88524303/1057680)
- ![Photo](/listings/photos/88524303/1057681)
- ![Photo](/listings/photos/88524303/1057682)
- ![Photo](/listings/photos/88524303/1057683)
- ![Photo](/listings/photos/88524303/1057684)

## Floorplans

- ![Floorplan 1](/listings/photos/88524303/1057685) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/88524303/1057686) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 75C ALDERNEY STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1V 4HF | £858,000 | 14/12/2023 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 83 SECOND FLOOR FLAT ALDERNEY STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1V 4HF | £513,000 | 04/09/2023 | Flat |
| [Same street] 89 ALDERNEY STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1V 4HF | £3,300,000 | 18/05/2022 | Terraced |

**Street average:** £1,906,500 (2 sales)

## Rental Range

*ONS Price Index of Private Rents (Westminster). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,847/mo
- **Realistic:** £3,163/mo
- **Optimistic:** £3,479/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,789/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Winchester Street, SW1V | £2,500/mo | 2 | 0.05 miles | OpenRent |
| 2 Bed Flat, Faraday House, SW11 | £4,850/mo | 2 | 0.48 miles | OpenRent |

**Average rent: £3,675/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.57% (weak for cashflow)
- **Max investor price (0.8%):** £459,375
- **Target investor price (1%):** £367,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £3,675/mo).*

- **Gross yield:** 6.8%
- **Cost-to-rent:** 14.7×
- **Monthly cashflow:** £723/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4.6%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## House Price Index (HM Land Registry)

*Official index for City of Westminster; Detached series; as of April 2026.*

- **1y growth (index):** -16.3%
- **5y growth (index):** -12.3%
- **10y growth (index):** -9.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)