2 Bed Terraced House, Refurb/BRRR, Croydon, CR0 6JQ, £400,000

Laurier Road, Croydon, CR0 6JQ - 51 views - 2 years ago

Refurb/BRRR
~103 m²
+8 photos

ValuationFair Value

Sold Prices£208K - £455K
Sold Prices/m²£2.8K/m² - £7K/m²

 

 

Square Metres

~103.20 m²
Price/m²£3.9K/m²

Value Estimate

£408,000

 

 

End Value (After Refurb)

£520,047

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£54,546

Bridging Loan Interest

£10,500

Total Cash In

£187,496

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£520,047

Agent Fees (1%)

£5,200

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£27,350

Local Sold Prices

50 sold prices from £208K to £455K, average is £387.5K. £2.8K/m² to £7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£431.6K09/210 mi16, Laurier Road, Croydon, Greater London CR0 6JQ2
£405K07/230.05 mi32, Dominion Road, Croydon, Greater London CR0 6JP2
£375K04/210.05 mi24, Dominion Road, Croydon, Greater London CR0 6JP2
£345K12/200.12 mi37, Northway Road, Croydon, Greater London CR0 6JG2
£395K09/210.12 mi62, Exeter Road, Croydon, Greater London CR0 6EJ2
£355K03/210.14 mi34, Jesmond Road, Croydon, Greater London CR0 6JR2
£392.5K07/230.14 mi54, Jesmond Road, Croydon, Greater London CR0 6JR2
£400K06/230.15 mi13, Kemerton Road, Croydon, Greater London CR0 6JL2
£425K12/200.16 mi30, Alderton Road, Croydon, Greater London CR0 6HG2
£395K04/230.16 mi45, Rymer Road, Croydon, Greater London CR0 6EF2
£370K04/210.17 mi80, Edward Road, Croydon, Greater London CR0 6DY2
£409K03/230.17 mi34, Edward Road, Croydon, Greater London CR0 6DY2
£420K05/230.17 mi13, Edward Road, Croydon, Greater London CR0 6DZ2
£450K04/230.17 mi49, Edward Road, Croydon, Greater London CR0 6DZ2
£453K01/230.22 mi220, Davidson Road, Croydon, Greater London CR0 6DF2
£400K02/210.22 mi220, Davidson Road, Croydon, Greater London CR0 6DF2
£422K03/230.22 mi71, Meadvale Road, Croydon, Greater London CR0 6JZ2
£384.5K03/210.22 mi55, Meadvale Road, Croydon, Greater London CR0 6JZ2
£414.3K12/200.26 mi74, Dalmally Road, Croydon, Greater London CR0 6LT2
£400K05/210.3 mi71, Capri Road, Croydon, Greater London CR0 6LJ2
£440K08/210.32 mi44, Dalmally Road, Croydon, Greater London CR0 6LS2
£390K10/210.36 mi31, Anthony Road, London, Greater London SE25 5HA2
£455K01/230.37 mi65, Coniston Road, Croydon, Greater London CR0 6LQ2
£371K04/230.37 mi85, Davidson Road, Croydon, Greater London CR0 6DN2
£340K12/200.38 mi42, Warren Road, Croydon, Greater London CR0 6PF2
£345K02/210.38 mi26, Warren Road, Croydon, Greater London CR0 6PE2
£345K02/210.38 mi26, Warren Road, Croydon, Greater London CR0 6PE2
£350K06/210.38 mi44, Coe Avenue, London, Greater London SE25 5HW2
£340K02/210.41 mi9, Dickensons Place, London, Greater London SE25 5HL2
£347K05/210.41 mi47, Selhurst New Road, London, Greater London SE25 5PU2
£430K07/220.43 mi3, Elmers Road, London, Greater London SE25 5DS2
£382.5K03/230.43 mi34, Elmers Road, London, Greater London SE25 5DS2
£360K01/210.43 mi34, Elmers Road, London, Greater London SE25 5DS2
£362K06/210.43 mi10, Salisbury Road, London, Greater London SE25 5DU2
£415K10/210.44 mi38, Woodside Court Road, Croydon, Greater London CR0 6RU2
£300K10/210.45 mi190a, Gloucester Road, Croydon, Greater London CR0 2DJ2
£400K03/210.45 mi71, Davidson Road, Croydon, Greater London CR0 6DL2
£345K11/200.48 mi20, Stroud Road, London, Greater London SE25 5DR2
£385K02/230.51 mi178, Birchanger Road, London, Greater London SE25 5BQ2
£365K02/230.54 mi10, Leslie Park Road, Croydon, Greater London CR0 6TN2
£208K01/210.54 mi86, Milton Road, Croydon, Greater London CR0 2BL2
£380K08/210.58 mi89a, Woodside Road, London, Greater London SE25 5DP2
£385K04/210.58 mi85, Woodside Road, London, Greater London SE25 5DP2
£440K06/230.59 mi222, Oval Road, Croydon, Greater London CR0 6BP2
£375K05/230.59 mi73, Lebanon Road, Croydon, Greater London CR0 6UU2
£375K01/210.62 mi50, Sidney Road, London, Greater London SE25 5NB2
£450K04/210.62 mi42, Sidney Road, London, Greater London SE25 5NB2
£448.5K03/230.63 mi80, Lebanon Road, Croydon, Greater London CR0 6US2
£403K06/210.63 mi70, Carmichael Road, London, Greater London SE25 5LX2
£348K04/230.64 mi5, Guildford Road, Croydon, Greater London CR0 2HL2

Local Rents

49 rents from £1.2K/mo to £3.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,95002/240.06 mi-2
£2,20003/250.06 mi-2
£1,50012/240.08 mi-2
£1,50012/240.1 miBrampton Road, Addiscombe2
£2,22004/250.11 mi-2
£1,95012/240.12 miNorthway Road, Croydon, CR02
£1,90002/240.13 mi-2
£1,90012/240.13 miJesmond Road, Croydon, CR02
£1,80012/240.16 miExeter Road, Croydon, CR02
£1,60012/240.18 mi-2
£2,00012/240.18 miMorland Road, Croydon, CR02
£1,85012/240.18 mi-2
£1,45012/240.19 miDavidson Road, Croydon, CR02
£1,69502/240.21 mi-2
£1,50012/240.22 miBurnham Gardens, Addiscombe2
£1,85012/240.23 miMeadvale Road, Croydon, CR02
£2,20012/240.23 mi-2
£1,70102/240.25 mi-2
£1,85003/250.25 mi-2
£1,85011/240.26 mi-2
£1,85011/240.26 mi-2
£1,85011/240.26 mi-2
£1,70003/250.27 mi-2
£1,60003/250.27 mi-2
£1,45001/250.3 mi-2
£1,50012/240.3 mi-2
£1,50012/240.3 mi-2
£1,60003/250.31 mi-2
£1,65012/240.32 miDalmally Road, CR02
£1,65012/240.32 miDalmally Road, CR02
£3,40003/250.32 mi-2
£1,55012/240.32 miDavidson Road, Croydon, CR02
£1,45012/240.32 mi-2
£1,60012/240.37 miVauxhall Court, 73 Grant Road, Croydon, CR02
£1,55008/240.37 miWoodside Green, London, SE252
£1,50008/240.37 miWoodside Green, London, SE252
£1,89502/250.37 mi-2
£1,80008/240.37 mi-2
£1,80008/240.37 miAnthony Road, London, SE252
£1,50008/240.38 mi-2
£1,80001/250.38 mi-2
£1,55012/240.39 miGrant Road, Croydon, CR02
£1,70002/250.39 mi-2
£1,70012/240.39 miHastings Road, Croydon, CR02
£1,75012/240.4 miHastings Road, Croydon, CR02
£2,00012/240.4 miDavidson Road, CROYDON2
£1,65011/240.41 mi-2
£1,20011/230.41 miSelhurst New Road, South Norwood, SE252
£1,50012/240.41 miAlexandra Road, Croydon, Surrey, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £400,000

September 19, 2023

Floor Plans

Description

LARGE TWO BEDROOM HOUSE WHICH WAS ORIGINALLY TWO FLATS AND CONVERTED BACK INTO A HOUSE.

The property is in need of updating and briefly comprises lounge open plan to dining room, kitchen, utility room, two bedrooms, dressing room, bathroom and private rear garden. The property is also double glazed and has gas central heating.

This property would make a fantastic first time purchase, located close to all amenities, shop and schools, plus being a short distance from east Croydon train station offering direct links to both London Bridge and Victoria.

Agent Details

Mann, Croydon

020 3870 2869

Next Steps?

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