# 3 bedroom flat for sale (SW11 8BQ) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 603, ALDER HOUSE, 2, ELECTRIC BOULEVARD, LONDON, GREATER LONDON SW11 8BQ | | Price | £2,600,000 | | Bedrooms | 3 | | Bathrooms | 3 | | Last sold | £2,585,040 Oct 2022 | ## Description This well-presented 3 bedroom apartment is situated within a modern development, boasting a bright open-plan reception room, 3 well-proportioned bedrooms and a lovely private balcony. Located on the doorsteps on the River Thames and Battersea Power Station, this property is surrounded by a wealth of amenities as well as having great transport links moments away. Please use the reference CHPK5863344 when contacting Foxtons. ## Property Photos - ![Photo](/listings/photos/87977970/408084) - ![Photo](/listings/photos/87977970/408085) - ![Photo](/listings/photos/87977970/408086) - ![Photo](/listings/photos/87977970/408087) - ![Photo](/listings/photos/87977970/408088) - ![Photo](/listings/photos/87977970/408089) - ![Photo](/listings/photos/87977970/408090) - ![Photo](/listings/photos/87977970/408091) - ![Photo](/listings/photos/87977970/408092) - ![Photo](/listings/photos/87977970/408093) - ![Photo](/listings/photos/87977970/408094) - ![Photo](/listings/photos/87977970/408095) - ![Photo](/listings/photos/87977970/408096) - ![Photo](/listings/photos/87977970/408097) - ![Photo](/listings/photos/87977970/408098) - ![Photo](/listings/photos/87977970/408099) - ![Photo](/listings/photos/87977970/408100) - ![Photo](/listings/photos/87977970/408101) - ![Photo](/listings/photos/87977970/408102) - ![Photo](/listings/photos/87977970/408103) - ![Photo](/listings/photos/87977970/408104) ## Floorplans - ![Floorplan area for info only, not for £/sq. ft valuation](/listings/photos/87977970/408105) - Floorplan area for info only, not for £/sq. ft valuation - ![Floorplan 2](/listings/photos/87977970/408106) - Floorplan 2 ## EPC Graphs - ![EER](/listings/photos/87977970/408107) - EER ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | ALDER HOUSE, 2 APARTMENT 603 ELECTRIC BOULEVARD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8BQ | £2,585,040 | 19/10/2022 | 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 | |---------|-------|------|------| | SWITCH HOUSE WEST BATTERSEA POWER STATION APARTMENT 68 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8BD | £730,000 | 09/01/2026 | Flat | | SWITCH HOUSE WEST BATTERSEA POWER STATION APARTMENT 62 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8BD | £750,000 | 19/12/2025 | Flat | | HALLIDAY HOUSE, 2 606 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8EY | £643,000 | 18/12/2025 | Flat | | CASCADE COURT, 1 APARTMENT 64 SOPWITH WAY, LONDON, WANDSWORTH, GREATER LONDON, SW11 8AZ | £780,000 | 06/10/2025 | Flat | | LANSON BUILDING, 348 FLAT 132 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8QQ | £899,999 | 05/09/2025 | Flat | | FLADGATE HOUSE, 4 1505 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8EX | £800,000 | 23/07/2025 | Flat | | CASCADE COURT, 1 APARTMENT 33 SOPWITH WAY, LONDON, WANDSWORTH, GREATER LONDON, SW11 8NS | £1,485,000 | 11/07/2025 | Flat | | SWITCH HOUSE EAST BATTERSEA POWER STATION APARTMENT 65 CIRCUS ROAD EAST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8BB | £750,000 | 21/02/2025 | Flat | | SWITCH HOUSE WEST BATTERSEA POWER STATION APARTMENT 10 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8BD | £1,050,000 | 21/02/2025 | Flat | | CASCADE COURT, 1 APARTMENT 23 SOPWITH WAY, LONDON, WANDSWORTH, GREATER LONDON, SW11 8NS | £1,525,000 | 12/12/2023 | Flat | | BOILER HOUSE BATTERSEA POWER STATION APARTMENT 4 CIRCUS ROAD NORTH, LONDON, WANDSWORTH, GREATER LONDON, SW11 8AX | £5,950,000 | 28/11/2023 | Flat | | DAWSON HOUSE, 11 1202 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8EQ | £700,000 | 24/11/2023 | Flat | | CAMELLIA HOUSE, 338 APARTMENT 54 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8EW | £1,470,000 | 17/11/2023 | Flat | | FLADGATE HOUSE, 4 1010 CIRCUS ROAD WEST, LONDON, WANDSWORTH, GREATER LONDON, SW11 8EX | £950,000 | 31/10/2023 | Flat | | LANSON BUILDING, 348 FLAT 151 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8NY | £612,000 | 20/10/2023 | Flat | | BURNELLI BUILDING, 352 19 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8NG | £385,000 | 29/09/2023 | Flat | | WARWICK BUILDING, 366 APARTMENT 141 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8NL | £444,000 | 22/09/2023 | Flat | | SALISBURY HOUSE, 5 APARTMENT 112 PALMER ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 4FY | £3,555,000 | 01/09/2023 | Flat | | WARWICK BUILDING, 366 APARTMENT 215 QUEENSTOWN ROAD, LONDON, WANDSWORTH, GREATER LONDON, SW11 8PL | £300,000 | 25/08/2023 | Flat | | CASCADE COURT, 1 APARTMENT 69 SOPWITH WAY, LONDON, WANDSWORTH, GREATER LONDON, SW11 8AZ | £820,000 | 03/08/2023 | Flat | **Area average:** £1,229,950 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £755,172 (207 Flat, SW11, 2024–2026) - **Deviation:** +244.3% ## Rental Range *ONS Price Index of Private Rents (London). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £2,061/mo - **Realistic:** £2,290/mo - **Optimistic:** £2,519/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Stevenage & North Herts (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,247/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 | |------|------|------|------|------| | 3 Bed Flat, Sophora House, SW11 | £5,800/mo | 3 | 0.12 miles | OpenRent | | 3 Bed Flat, Battersea Park Road, SW8 | £3,000/mo | 3 | 0.18 miles | OpenRent | | 3 Bed Flat, Foundry House, SW8 | £4,940/mo | 3 | 0.3 miles | OpenRent | **Average rent: £4,580/mo (3 listings)** ## 1% Rule - **Rent ratio:** 0.19% (weak for cashflow) - **Max investor price (0.8%):** £617,500 - **Target investor price (1%):** £494,000 *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 £4,940/mo).* - **Gross yield:** 2.3% - **Cost-to-rent:** 43.9× - **Monthly cashflow:** £-5,818/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -9.3% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -22.6% - **10y growth:** -5.1% ## House Price Index (HM Land Registry) *Official index for London; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.5% - **5y growth (index):** -6.8% - **10y growth (index):** -1.9% ## 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)