3 Bed Detached House, Refurb/BRRR, South Croydon, CR2 6DD, £725,000

254 Pampisford Road, South Croydon, CR2 6DD - 10 views - a year ago

Refurb/BRRR
~190 m²
+10 photos

ValuationUndervalued

Sold Prices£212.7K - £750K
Sold Prices/m²£2.6K/m² - £6.9K/m²

 

 

Square Metres

~189.62 m²
Price/m²£3.8K/m²

Value Estimate

£816,000
BMV2%

 

 

End Value (After Refurb)

£952,937

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£181,250

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£100,343

Bridging Loan Interest

£19,031

Total Cash In

£355,074

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£952,937

Mortgage (After Refinance)

£714,703

Mortgage LTV

75%

Cash Released

£170,953

Cash Left In

£184,121

Equity

£238,234

Rent Range

£1,700 - £3,500

Rent Estimate

£2,085

Running Costs/mo

£3,415

Cashflow/mo

£-1,330

Cashflow/yr

£-15,959

Gross Yield

3%

Local Sold Prices

50 sold prices from £212.7K to £750K, average is £450K. £2.6K/m² to £6.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£355K06/210.08 mi42, Nicola Close, South Croydon, Greater London CR2 6NB3
£395K12/200.08 mi26, Nicola Close, South Croydon, Greater London CR2 6NB3
£400K09/210.1 mi5, Nicola Close, South Croydon, Greater London CR2 6NA3
£350K01/210.1 mi41, Nicola Close, South Croydon, Greater London CR2 6NA3
£212.7K01/210.15 mi1, Vauxhall Gardens, South Croydon, Greater London CR2 6JR3
£427K06/210.22 mi7b, Marlborough Road, South Croydon, Greater London CR2 6JD3
£492.5K07/210.22 mi23, Avondale Road, South Croydon, Greater London CR2 6JE3
£480K05/210.23 mi3, Avondale Road, South Croydon, Greater London CR2 6JE3
£495K09/220.3 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£427K10/210.3 mi81, Haling Park Road, South Croydon, Greater London CR2 6NN3
£380K10/200.3 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£448.6K09/210.31 mi293, Violet Lane, Croydon, Greater London CR0 4HN3
£425K05/210.31 mi287, Violet Lane, Croydon, Greater London CR0 4HN3
£437K02/230.33 mi4, Jarvis Road, South Croydon, Greater London CR2 6HU3
£750K06/210.33 mi17, Whitgift Avenue, South Croydon, Greater London CR2 6AZ3
£500K01/230.36 mi8, Goodwin Road, Croydon, Greater London CR0 4EG3
£550K04/210.36 mi2, Wyndhurst Close, South Croydon, Greater London CR2 6EP3
£375K09/210.36 mi44, Newark Road, South Croydon, Greater London CR2 6HQ3
£410K05/230.36 mi40, Newark Road, South Croydon, Greater London CR2 6HQ3
£400K03/210.36 mi47, Newark Road, South Croydon, Greater London CR2 6HR3
£450K06/210.36 mi55, Mansfield Road, South Croydon, Greater London CR2 6HP3
£465K03/210.38 mi51, Churchill Road, South Croydon, Greater London CR2 6HE3
£461.1K01/230.41 mi57, Newark Road, South Croydon, Greater London CR2 6HR3
£575K06/210.41 mi62, Chelsham Road, South Croydon, Greater London CR2 6HY3
£410K06/210.42 mi8, Chelsham Road, South Croydon, Greater London CR2 6HY3
£480K09/210.43 mi18, Upland Road, South Croydon, Greater London CR2 6RD3
£475K01/210.43 mi70, Churchill Road, South Croydon, Greater London CR2 6HB3
£395K01/210.43 mi92, Churchill Road, South Croydon, Greater London CR2 6HB3
£330K01/210.44 mi25, Barrow Road, Croydon, Greater London CR0 4EZ3
£450K06/210.44 mi49, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£465.5K11/200.44 mi39, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£427K12/200.44 mi313, Selsdon Road, South Croydon, Greater London CR2 6PT3
£487K01/230.44 mi315, Selsdon Road, South Croydon, Greater London CR2 6PT3
£450K03/210.44 mi345, Selsdon Road, South Croydon, Greater London CR2 6PT3
£430K05/210.45 mi48, Sanderstead Road, South Croydon, Greater London CR2 0PA3
£450K12/220.45 mi21, Selsdon Avenue, South Croydon, Greater London CR2 6PP3
£515K11/220.45 mi388, Brighton Road, South Croydon, Greater London CR2 6AL3
£480K02/230.47 mi111, Churchill Road, South Croydon, Greater London CR2 6HF3
£530K03/210.48 mi42, Mount Park Avenue, South Croydon, Greater London CR2 6DG3
£450K03/210.48 mi19, Hamond Close, South Croydon, Greater London CR2 6BZ3
£475K09/210.48 mi87, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£432.5K01/210.48 mi63, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£415K06/230.51 mi27, Sussex Road, South Croydon, Greater London CR2 7DB3
£368.5K08/210.51 mi67, Sussex Road, South Croydon, Greater London CR2 7DB3
£450K12/220.51 mi11, Sussex Road, South Croydon, Greater London CR2 7DB3
£460K01/230.53 mi40, Selsdon Road, South Croydon, Greater London CR2 6PB3
£512.5K06/230.55 mi25, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£529.7K02/230.55 mi27, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£468K12/210.55 mi1, Foss Avenue, Croydon, Greater London CR0 4EW3
£615K12/200.56 mi11, Carlton Road, South Croydon, Greater London CR2 0BP3

Local Rents

20 rents from £1.7K/mo to £3.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,15003/240.11 mi-3
£2,15012/240.11 miPennine Court, Croydon, CR03
£2,15012/240.11 miPennine Court, Croydon, CR03
£2,35001/250.14 mi-3
£1,70012/240.24 miAvondale Road, SOUTH CROYDON3
£2,44903/250.3 mi-3
£1,80012/240.36 miJarvis Road, South Croydon3
£1,80012/240.37 miJarvis Road, South Croydon3
£2,05801/250.38 mi-3
£2,20003/250.38 mi-3
£2,20003/250.38 mi-3
£2,50012/240.38 mi-3
£2,20012/240.44 miChelsham Road, South Croydon, CR23
£2,20012/240.44 mi-3
£2,25012/240.46 miDenning Avenue, Croydon, CR03
£1,80012/240.49 miSunnynook Gardens, Croydon, CR23
£2,10012/240.51 mi-3
£2,07003/250.58 mi-3
£2,30012/240.59 mi-3
£3,50003/250.61 mi-3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £725,000

December 4, 2024

Listed for £800,000

February 9, 2024

Floor Plans

Description

  • Detached Character Coach-House +
  • Secluded Yet Convenient Location +
  • 15 Minutes to Station +
  • 3 Double Bedrooms +
  • 2 Large Reception Rooms +
  • Garage & Parking +
  • Large 0.23 Acre Garden (stc) +
  • Possible Potential to Extend/Develop +

PROPERTY DESRIPTION If you like living a life less ordinary, then this is the home for you! A real one-off, this a coach-house dating back to the early 1900's, is set well back from the road in a large plot of 0.23 acres.

Available with no onward chain, the property would now benefit from some modernisation and affords an entrance hall, a cloakroom/wc, a large 21' x 18' reception room with lovely wood flooring, a dining room, a modern fitted kitchen with Aga-style range cooker, landing, three double bedrooms, bathroom, separate w/c and benefits from gas heating.

The house is approached via a paved driveway providing parking for 2-3 cars. There is a garage and workshop attached to the left hand side of the house, a 12' wide side return to the right and a very large rear garden, measuring approximately 129' x 72'. The plot itself totals approximately 0.23 acres and provides obvious scope to extend the house at the the sides and rear subject to the usual consents.

For commuters, the mainline station at South Croydon is approximately a 10 minute walk away and there are regular bus services nearby towards Purley, East and West Croydon. The property is also centrally located for supermarkets, restaurants and entertainment.

The renowned Whitgift School is very close at hand, whilst Aerodrome Academy primary school, Regina Coeli Catholic primary, Cumnor House primary, and the Harris Academy secondary school are all under half a mile away. Krishna Avanti school and popular grammars -Wilsons, Wallington County Grammar and Wallington High School are just a 5-15 minute drive away.

There may be potential to completely redevelop the property, however prospective buyers should note there is a restrictive covenant dating back to 1900/1901 and interested parties should be careful to make their own investigations prior to incurring any costs or inconvenience.

Call the seller's sole agent, Martin & Co Croydon, now for an appointment to view!

Agent Details

Martin & Co, Croydon

020 8688 8565

Next Steps?

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