2 Bed Flat, Potential PLO/LOA, Croydon, CR0 1SZ, £265,000

Scarbrook Road, Croydon, CR0 1SZ - 61 views - 2 years ago

Negative Equity
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£215K - £380K
Sold Prices/m²£2.8K/m² - £12.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£324,662
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£1,350 - £3,549

Rent Estimate

£1,350

Running Costs/mo

£1,118

Cashflow/mo

£232

Cashflow/yr

£2,783

ROI

4%

Gross Yield

6%

Local Sold Prices

48 sold prices from £215K to £380K, average is £305.5K. £2.8K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£270K02/230.03 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£294K04/230.21 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£250K05/230.35 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£306K12/200.41 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£345K05/230.44 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£250K08/210.44 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£286K12/220.46 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.46 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.47 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.48 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£292.5K02/230.53 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£295K09/210.54 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.54 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£215K04/210.55 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£326K09/210.57 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£375K03/210.59 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£270K05/230.63 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£320K12/200.7 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£243K02/230.73 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£280K01/210.73 mi98, Eastney Road, Croydon, Greater London CR0 3TE2
£299.5K10/210.74 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£334K07/230.74 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£329.2K06/210.74 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£255K07/230.77 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£335K10/210.79 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.79 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£245K03/230.8 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£330K01/230.8 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£223K07/230.8 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£375K02/230.85 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£340K02/210.85 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£327K12/200.87 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£367.5K09/210.87 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£368K05/230.87 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£343K09/210.92 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.92 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£248K04/210.93 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£280K02/210.93 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£310K05/230.94 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.94 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.94 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.94 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£305K01/230.96 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£305K01/210.97 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£315K10/210.99 mi19a, Merebank Lane, Croydon, Greater London CR0 4NP2
£325K08/210.99 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£322.5K04/210.99 mi5, Merebank Lane, Croydon, Greater London CR0 4NP2
£305K04/231 mi79, Onslow Road, Croydon, Greater London CR0 3NY2

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.02 miScarbrook Road, Croydon, CR02
£1,90012/240.02 miThe Exchange, Central Croydon, Croydon, CR02
£1,80012/240.03 miWandle Road, Croydon, CR02
£1,75002/240.03 mi-2
£1,80012/240.03 miWandle Road, Croydon, CR02
£1,35012/240.03 miGreen Dragon House, Croydon , CR02
£1,50012/240.03 miGreen Dragon House2
£1,80012/240.04 miThe Exchange, Scarbrook Road, CR02
£1,80012/240.04 miThe Exchange2
£1,80012/240.04 miThe Exchange, Croydon CR02
£1,90004/250.04 mi-2
£2,30003/250.04 mi-2
£1,80012/240.04 miScarbrook Road, Croydon, CR02
£1,80012/240.04 miScarbrook Road, Croydon, CR02
£1,45012/240.04 miHigh Street, Croydon, CR02
£1,65001/250.04 mi-2
£2,10012/240.04 mi-2
£1,55012/240.04 miWhitgift Street, Croydon CR02
£1,90012/240.04 miScarbrook Road, Croydon, CR02
£1,80012/240.04 miCentre View Apartments, Central Croydon, Croydon, CR02
£1,70012/240.05 mi-2
£1,50012/240.05 mi-2
£1,45001/250.05 mi-2
£1,45012/240.05 mi-2
£1,85012/240.07 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.07 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.07 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,90012/240.07 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,75012/240.08 miHamilton Apartments, Croydon, CR02
£2,99702/240.08 mi-2
£3,54904/250.08 mi-2
£1,47503/240.08 mi-2
£1,95012/240.08 miBridge House, Croydon, CR02
£1,95012/240.08 miBridge House, Croydon, CR02
£2,35003/240.08 mi-2
£1,95002/240.08 mi-2
£2,35012/240.08 mi-2
£2,25003/250.08 mi-2
£1,70004/250.08 mi-2
£1,75012/240.1 miHigh Street, Croydon, CR02
£1,60012/240.14 miEdridge Road, Central Croydon2
£1,70012/240.14 miOld Palace Road, Croydon, London, CR02
£1,70012/240.14 miOld Palace Road, Croydon, London, CR02
£1,75002/240.14 mi-2
£1,75003/240.14 mi-2
£1,75012/240.14 mi-2
£1,75012/240.15 miChurch Street, Central Croydon, Croydon, CR02
£1,98511/240.15 mi-2
£1,70002/240.16 mi-2
£1,80012/240.17 miLeon House, High Street, Croydon2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.35 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £265,000

-21%

May 12, 2023

Sold for £320,000

2016

Sold for £73,950

1996

Floor Plans

Description

  • No onward chain +
  • Residents parking +
  • Two double bedrooms +
  • Share of freehold +
  • Close to East Croydon +

A lovely two double bedroom apartment for sale, located in a prime location in the heart of Croydon Town Centre.

The accommodation comprises a bright reception room with a Juliette balcony, two double bedrooms, a contemporary bathroom, and a kitchen/breakfast room.

The property further benefits from private parking, a share of the freehold and no onward chain.

Scarbrook Road is well located for access to the bars, shops, and restaurants in central Croydon.

Agent Details

Stirling Ackroyd Sales, Croydon

020 3872 3474

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪