2 Bed Flat, Single Let, South Croydon, CR2 7LN, £275,000

Sycamore Close, South Croydon, CR2 7LN - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 4%
~53 m²
+7 photos

ValuationOvervalued

Sold Prices£223K - £437.5K
Sold Prices/m²£3.4K/m² - £12.2K/m²

 

 

Square Metres

~53.20 m²
Price/m²£5.2K/m²

Value Estimate

£254,743

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,300 - £2,950

Rent Estimate

£1,456

Running Costs/mo

£1,171

Cashflow/mo

£285

Cashflow/yr

£3,425

ROI

4%

Gross Yield

6%

Local Sold Prices

45 sold prices from £223K to £437.5K, average is £310K. £3.4K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£280K02/210 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£368K05/230.06 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£330K01/230.17 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£305K01/230.2 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£305K01/210.21 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£243K02/230.25 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£310K05/230.3 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.3 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.3 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.3 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£270K05/230.38 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£325K08/210.47 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£306K12/200.53 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£295K09/210.56 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.56 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£437.5K12/200.59 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£345K05/230.68 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£255K07/230.71 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£423K11/200.71 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£327K12/200.73 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£294K04/230.76 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£367.5K09/210.76 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£340K02/210.77 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£343K09/210.79 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.79 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£286K12/220.79 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.79 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.8 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.82 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£321K06/210.82 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.82 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.82 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£375K02/230.82 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£297K11/200.82 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.82 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£223K07/230.84 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£375K03/210.84 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£292.5K02/230.86 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£335K10/210.86 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.86 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£250K08/210.87 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£320K12/200.9 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£326K09/210.91 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£270K02/230.97 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£299.5K10/210.99 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50012/240 miSycamore Close, CR22
£1,65012/240.05 mi20 Normanton Road, South Croydon, CR2 7AR2
£1,69912/240.07 miCroham Road, Cranbrook Court, CR22
£1,55012/240.09 miNormanton Road, South Croydon, CR22
£1,79012/240.1 mi-2
£2,95003/240.12 mi-2
£1,30012/240.12 miSouth Croydon, Surrey2
£1,70012/240.12 mi2 bedroom Ground Floor Flat in South Croydon2
£1,75012/240.13 mi-2
£1,80004/250.14 mi-2
£1,47512/240.16 miDornton Road, CR22
£1,85004/250.17 mi-2
£1,50002/240.17 mi-2
£1,50002/240.17 mi-2
£1,65012/240.17 mi-2
£1,65002/250.18 mi-2
£1,80004/250.19 mi-2
£1,50002/240.19 mi-2
£1,50002/240.19 mi-2
£1,50003/240.19 mi-2
£1,50012/240.19 mi-2
£1,62012/240.19 miBirchend Close, South Croydon2
£1,65002/250.2 mi-2
£1,60012/240.2 miMuggeridge Close , South Croydon2
£1,45012/240.2 miMuggeridge Close, South Croydon2
£1,60012/240.2 miMuggeridge Close, South Croydon2
£1,60012/240.22 miHarewood Road, South Croydon, Surrey, CR22
£1,90011/240.22 mi-2
£1,69512/240.23 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.24 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.24 miSouth Park Hill Road, South Croydon 2
£1,69512/240.24 miSouth Park Hill Road, South Croydon2
£1,70002/250.24 mi-2
£1,67002/240.24 mi-2
£1,50001/250.24 mi-2
£1,65012/240.24 miSt. Peters Street South Croydon CR22
£1,80002/250.25 mi-2
£1,65012/240.25 miSussex Road, South Croydon2
£1,65012/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,75012/240.27 miCroham Park Avenue, SOUTH CROYDON2
£1,60012/240.27 miCampion Close, Croydon2
£1,80002/250.28 mi-2
£1,70003/240.29 mi-2
£1,70012/240.29 miSussex Road, South Croydon, CR22
£1,70011/240.29 mi-2
£1,90012/240.29 mi-2
£1,80002/250.29 mi-2
£1,50012/240.31 miLismore Road, South Croydon, Surrey, CR2 7QA2
£1,92502/250.32 mi-2
£1,77503/250.32 mi-2

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £275,000

April 10, 2024

Floor Plans

Description

A well-presented two bedroom apartment situated on a popular cul-de-sac within 0.2 miles of South Croydon mainline station. This property is offered to the market with no onward chain is a perfect first or investment purchase. Situated on the first floor of an attractive purpose built building this property comprises of an entrance hall with storage cupboard, spacious living room leading to large fitted kitchen with matching base and wall units and integrated appliances, to good sized bedroom and tiled three piece family bathroom.
Sycamore Close is a leafy cul-de-sac positioned for South Croydon High Street boasting an array of shops and food outlets and a selection of both private and public schools including St Peters Primary and Royal Russell.

Agent Details

Bairstow Eves, Croydon South

020 3835 6104

Next Steps?

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