3 Bed Terraced House, Refurb/BRRR, South Croydon, CR2 9BN, £375,000

Oakapple Close, Sanderstead, CR2 9BN - 2 views - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~87 m²
+9 photos

ValuationUndervalued

Sold Prices£195K - £600K
Sold Prices/m²£2.2K/m² - £9.2K/m²

 

 

Square Metres

~87 m²
Price/m²£4.3K/m²

Value Estimate

£384,200
BMV2%

 

 

End Value (After Refurb)

£414,743

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£46,038

Bridging Loan Interest

£9,844

Total Cash In

£170,082

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£414,743

Mortgage (After Refinance)

£311,057

Mortgage LTV

75%

Cash Released

£29,807

Cash Left In

£140,275

Equity

£103,686

Rent Range

£1,750 - £2,750

Rent Estimate

£1,739

Running Costs/mo

£1,664

Cashflow/mo

£75

Cashflow/yr

£902

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £600K, average is £482.5K. £2.2K/m² to £9.2K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£485K01/210.01 mi1, Oakapple Close, South Croydon, Greater London CR2 9BN3
£415K06/210.02 mi13, Field Close, South Croydon, Greater London CR2 9BH3
£525K06/210.08 mi234, Limpsfield Road, South Croydon, Greater London CR2 9DA3
£477K06/210.08 mi202, Limpsfield Road, South Croydon, Greater London CR2 9DA3
£378K06/210.09 mi8, Peartree Close, South Croydon, Greater London CR2 9BR3
£395K03/210.09 mi5, Ansley Close, South Croydon, Greater London CR2 9BQ3
£405K03/210.09 mi20, Ansley Close, South Croydon, Greater London CR2 9BQ3
£405K06/210.1 mi12, Kings Walk, South Croydon, Greater London CR2 9BS3
£423K03/210.1 mi11, Kings Walk, South Croydon, Greater London CR2 9BS3
£520K06/210.1 mi34, Harewood Gardens, South Croydon, Greater London CR2 9BG3
£570K09/210.11 mi283, Limpsfield Road, South Croydon, Greater London CR2 9DG3
£555K06/210.12 mi15, Hilton Way, South Croydon, Greater London CR2 9ER3
£470K04/210.12 mi9, Hilton Way, South Croydon, Greater London CR2 9ER3
£425K04/210.13 mi11, Claremont Close, South Croydon, Greater London CR2 9EQ3
£195K12/200.13 mi18, Claremont Close, South Croydon, Greater London CR2 9EQ3
£450K10/200.14 mi4, Ellesmere Drive, South Croydon, Greater London CR2 9EG3
£408.5K02/210.14 mi18, Broadway Close, South Croydon, Greater London CR2 9EP3
£506K06/210.16 mi290, Limpsfield Road, South Croydon, Greater London CR2 9DD3
£550K07/230.16 mi256, Limpsfield Road, South Croydon, Greater London CR2 9DD3
£427K11/200.16 mi1, Attwood Close, South Croydon, Greater London CR2 9EN3
£415K10/200.18 mi17, Wentworth Way, South Croydon, Greater London CR2 9EY3
£425K04/210.19 mi15, Tudor Close, South Croydon, Greater London CR2 9DX3
£490K03/230.19 mi82, Harewood Gardens, South Croydon, Greater London CR2 9BJ3
£498K06/210.19 mi29, Princes Avenue, South Croydon, Greater London CR2 9BE3
£542K04/230.2 mi32, Wentworth Way, South Croydon, Greater London CR2 9EU3
£417.5K11/200.23 mi99, Harewood Gardens, South Croydon, Greater London CR2 9BW3
£515.5K09/210.24 mi205, Limpsfield Road, South Croydon, Greater London CR2 9DE3
£410K06/210.24 mi235, Limpsfield Road, South Croydon, Greater London CR2 9DE3
£555K06/230.25 mi20, Kingswood Avenue, South Croydon, Greater London CR2 9DQ3
£560K01/210.3 mi15, Hazelwood Grove, South Croydon, Greater London CR2 9DW3
£565K02/230.32 mi14, Hillsmead Way, South Croydon, Greater London CR2 9DL3
£485K03/210.32 mi9, Hillsmead Way, South Croydon, Greater London CR2 9DL3
£550K03/210.33 mi38, Audley Drive, Warlingham, Greater London CR6 9AH3
£600K06/230.33 mi10, Audley Drive, Warlingham, Greater London CR6 9AH3
£450K06/210.33 mi241, Tithepit Shaw Lane, Warlingham, Greater London CR6 9AW3
£540K01/220.33 mi207, Tithepit Shaw Lane, Warlingham, Greater London CR6 9AW3
£490K05/210.35 mi3, Leighton Gardens, South Croydon, Greater London CR2 9DZ3
£440K01/210.36 mi264, Tithepit Shaw Lane, Warlingham, Surrey CR6 9AQ3
£518K09/210.4 mi20, Kingswood Lane, Warlingham, Surrey CR6 9AG3
£600K04/210.4 mi53, Kingswood Lane, Warlingham, Greater London CR6 9AB3
£450K06/230.41 mi13, Martin Close, Warlingham, Surrey CR6 9AD3
£480K06/210.41 mi7, Martin Close, Warlingham, Surrey CR6 9AD3
£577.5K09/220.44 mi16, Martin Close, Warlingham, Surrey CR6 9AD3
£445K10/200.45 mi11, Meadway, Warlingham, Surrey CR6 9RW3
£470K06/210.45 mi35, Meadway, Warlingham, Surrey CR6 9RW3
£595K06/210.46 mi101, Limpsfield Road, Warlingham, Surrey CR6 9RH3
£375K04/210.51 mi69, Hamsey Green Gardens, Warlingham, Surrey CR6 9RT3
£530K08/220.59 mi174, Limpsfield Road, Warlingham, Surrey CR6 9RB3
£475K04/210.59 mi170, Limpsfield Road, Warlingham, Surrey CR6 9RB3
£587.5K02/210.59 mi7, Riding Hill, South Croydon, Greater London CR2 9LP3

Local Rents

12 rents from £1.8K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.26 miKingswood Avenue, South Croydon, Surrey, CR2 9DQ3
£1,75012/240.29 miWentworth Way, South Croydon, Surrey, CR2 9EZ3
£1,90012/240.41 miKingswood Lane, Warlingham, CR63
£2,35011/230.82 mi-3
£1,87512/240.82 mi-3
£2,75003/251.08 mi-3
£2,60001/251.08 mi-3
£2,35003/251.12 mi-3
£2,15012/241.14 mi-3
£2,00011/231.14 mi-3
£1,95001/251.2 mi-3
£2,45003/251.21 mi-3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £375,000

November 30, 2023

Floor Plans

Description

  • Chain Free +
  • Garage En Bloc +
  • In Need Of Modernisation +
  • 17 Ft Lounge +
  • 10 Ft Kitchen +
  • Cloakroom With Wc +
  • First Floor Bathroom +
  • Rear Garden +
  • Convenient Location +
  • Viewing Recommended +

CHAIN FREE WITH GARAGE EN BLOC - A great opportunity to acquire a three bedroom family home which although requires modernisation offers a spacious and well proportioned interior comprising entrance hall with wc, 17'6 x 16'5 living room with doors leading out into the garden and a 10'7 x 9'8 kitchen whilst on the first floor are three bedrooms and a bathroom. Externally is a level rear garden and garage.
Council Tax Band D

Adding to the appeal of this property are the numerous amenities on offer including the frequent 403 bus route linking Warlingham, Sanderstead and Croydon, excellent reputable schools for all ages including Warlingham, Riddlesdown Collegiate, Gresham and Atwood, local shops including Sainsbury's, Waitrose and Costa, mainline railway stations serving central London including Upper Warlingham, Caterham, Whyteleafe and Whyteleafe South whilst at Godstone is the M25 junction 6 which provides access to both Gatwick Airport and the south coast.

Agent Details

Hubbard Torlot, Sanderstead

020 3910 6353

Next Steps?

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