5 Bed Detached House, Refurb/BRRR, Croydon, CR0 5RF, £775,000

Coombe Lane, Croydon, CR0 5RF - a year ago

Sold STC
Refurb/BRRR
~245 m²
+28 photos

ValuationFair Value

Sold Prices£400K - £3.2M
Sold Prices/m²£2.9K/m² - £12.3K/m²

 

 

Square Metres

~244.71 m²
Price/m²£3.2K/m²

Value Estimate

£775,000

 

 

End Value (After Refurb)

£1,249,309

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£129,341

Bridging Loan Interest

£20,344

Total Cash In

£395,885

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,249,309

Agent Fees (1%)

£12,493

Bridging Loan

£581,250

Bridging Loan Interest

£20,344

Flip Profit

£259,681

Local Sold Prices

50 sold prices from £400K to £3.2M, average is £822.5K. £2.9K/m² to £12.3K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£1.1M10/220.08 mi165, Ballards Way, Croydon, Greater London CR0 5RJ5
£1.3M06/210.16 mi8, Riesco Drive, Croydon, Greater London CR0 5RS5
£1.1M06/210.35 mi5, Chapel View, South Croydon, Greater London CR2 7LG5
£650K03/210.42 mi106, Gravel Hill, Croydon, Greater London CR0 5BE5
£3.2M12/220.45 mi21, Shirley Hills Road, Croydon, Greater London CR0 5HQ5
£1.8M01/210.48 miBracken, Bishops Walk, Croydon, Greater London CR0 5BA5
£647.5K03/210.49 mi39, The Ruffetts, South Croydon, Greater London CR2 7LS5
£785K10/210.55 mi155, Croham Valley Road, South Croydon, Greater London CR2 7RE5
£1.7M09/210.64 mi4, Pine Coombe, Croydon, Greater London CR0 5HS5
£980K01/230.66 mi18, Birkdale Gardens, Croydon, Greater London CR0 5HY5
£825K04/210.86 mi4, Pinewood Close, Croydon, Greater London CR0 5EX5
£1.6M10/220.88 mi11, Grimwade Avenue, Croydon, Greater London CR0 5DJ5
£870K02/230.91 mi121, Shirley Church Road, Croydon, Greater London CR0 5AG5
£550K06/210.91 mi10, Littleheath Road, South Croydon, Greater London CR2 7SA5
£1.1M07/230.92 mi12, Manor Gardens, South Croydon, Greater London CR2 7BU5
£725K06/210.93 mi52, Farley Road, South Croydon, Greater London CR2 7ND5
£1.3M03/230.98 mi11, Upfield, Croydon, Greater London CR0 5DR5
£970K03/210.98 mi14, Manor Way, South Croydon, Greater London CR2 7BR5
£1.3M01/231.02 mi3, Winchelsey Rise, South Croydon, Greater London CR2 7BP5
£978.3K06/231.04 mi24, Winchelsey Rise, South Croydon, Greater London CR2 7BN5
£990K01/231.05 mi10, Manor Way, South Croydon, Greater London CR2 7BQ5
£863K02/231.09 mi2, Spring Park Avenue, Croydon, Greater London CR0 5EG5
£677.5K11/201.1 mi74, Ridge Langley, South Croydon, Greater London CR2 0AR5
£955K03/231.1 mi148, Addiscombe Road, Croydon, Greater London CR0 7LA5
£584K10/201.12 mi53, Upper Selsdon Road, South Croydon, Greater London CR2 8DG5
£450K12/201.14 mi76, Elm Park Gardens, South Croydon, Greater London CR2 8RU5
£876K04/211.15 mi32, Langley Oaks Avenue, South Croydon, Greater London CR2 8DH5
£515K06/231.17 mi74, Benhurst Gardens, South Croydon, Greater London CR2 8NU5
£750K12/201.18 mi14, Barnfield Avenue, Croydon, Greater London CR0 8SE5
£500K04/211.18 mi21, Peacock Gardens, South Croydon, Greater London CR2 8TE5
£715K11/201.18 mi22, Fryston Avenue, Croydon, Greater London CR0 7HL5
£1.4M09/211.19 mi21, Witherby Close, Croydon, Greater London CR0 5SU5
£860K05/231.19 mi4, Bennetts Way, Croydon, Greater London CR0 8AA5
£850K11/201.2 mi9, Hurst Way, South Croydon, Greater London CR2 7AP5
£700K04/211.26 mi8, Reynolds Way, Croydon, Greater London CR0 5JW5
£775K05/211.26 mi33, Reynolds Way, Croydon, Greater London CR0 5JW5
£725K10/201.27 mi9, Ferns Close, South Croydon, Greater London CR2 8RG5
£740K06/211.28 mi9, Norfolk Avenue, South Croydon, Greater London CR2 8BT5
£400K04/211.31 mi9, Nightingale Road, South Croydon, Greater London CR2 8PS5
£810K01/231.32 mi112, Norfolk Avenue, South Croydon, Greater London CR2 8BS5
£725K06/211.33 mi21, Lismore Road, South Croydon, Greater London CR2 7QA5
£745K02/211.33 mi4, Ashburton Road, Croydon, Greater London CR0 6AL5
£810K01/211.34 mi22, Sefton Road, Croydon, Greater London CR0 7HR5
£755K11/221.37 mi75, Shirley Road, Croydon, Greater London CR0 7LQ5
£825K05/211.38 mi7, Croham Mount, South Croydon, Greater London CR2 0BR5
£900K03/211.38 mi6, Croham Mount, South Croydon, Greater London CR2 0BR5
£820K11/211.38 mi131, Norfolk Avenue, South Croydon, Greater London CR2 8BY5
£912K04/211.39 mi8, Dornton Road, South Croydon, Greater London CR2 7DP5
£808K03/211.39 mi38, Ellenbridge Way, South Croydon, Greater London CR2 0EU5
£690K07/231.39 mi242, Selsdon Road, South Croydon, Greater London CR2 7AA5

Local Rents

50 rents from £1.7K/mo to £4.3K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£3,20012/240 miCoombe Lane4
£3,20012/240.02 miCoombe Lane, Shirley, Croydon, CR04
£3,80003/250.13 mi-3
£2,75012/240.34 miChapel View, South Croydon4
£2,20012/240.56 miGravel Hill Croydon CR03
£2,35002/250.59 mi-3
£1,95012/240.77 miLittleheath Road, South Croydon, Cr2 7SJ3
£1,95012/240.77 miLittleheath Road, South Croydon CR23
£2,90012/240.81 miTanglewood Close, CROYDON4
£2,95011/240.82 mi-5
£2,50003/240.82 mi-4
£1,90012/240.84 miFoxearth Road, South Croydon, Surrey, CR2 8EN3
£1,90012/240.9 miFoxearth Road, South Croydon3
£2,95012/240.91 miManor Way, South Croydon4
£4,25012/240.94 miCroydon, CR05
£4,00012/240.96 miUpfield, Croydon, CR04
£4,00012/240.96 miUpfield, Croydon, CR04
£4,00012/240.96 miUpfield, Croydon, CR04
£4,00012/240.96 miUpfield, Croydon, CR04
£3,25012/240.98 miManor Way South Croydon CR25
£2,25002/240.99 mi-3
£1,85002/241.02 mi-3
£2,85003/251.03 mi-3
£2,49010/241.04 mi-4
£2,49010/241.04 mi-4
£2,50010/241.04 mi-3
£2,49010/241.04 mi-3
£3,00010/241.04 mi-3
£1,90002/251.06 mi-3
£2,85003/251.06 mi-5
£2,80009/241.07 mi-4
£1,70011/231.07 mi-3
£1,70002/241.07 mi-3
£3,90012/241.08 miSouth Way, Croydon,West Wickam,Shirley, Beckenham, Crystal Pa, CR05
£3,90003/241.08 mi-5
£4,25012/241.08 mi-5
£4,25002/251.08 mi-5
£2,00002/241.09 mi-3
£2,65012/241.1 miSouth Way, Croydon, Surrey, CR05
£2,95012/241.1 miWest Way Shirley CR04
£2,50012/241.1 miCroham Road, South Croydon, CR24
£2,50012/241.1 mi-4
£2,50001/251.11 mi-4
£2,85012/241.11 mi-4
£2,25012/241.12 miRidge Langley, Sanderstead, Surrey, CR2 0AP3
£3,70012/241.13 miAddiscombe Road, Croydon, CR05
£1,99511/241.13 mi-3
£2,05003/251.14 mi-3
£3,05001/251.14 mi-5
£3,15002/251.14 mi-5

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.88 miles away

Nearest school

0.30 miles away

Nearest train station

0.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £775,000

December 21, 2024

Listed for £850,000

April 16, 2024

Floor Plans

Description

  • Five Bedroom Detached House +
  • Potential to extend in many forms (STPP) +
  • Chain Free +
  • Off Street Parking and Garage +
  • With Close Proximity to Royal Russell School +
  • Within Walking Distance to Coombe Lane Tram Stop +
  • EPC Rating: D +

This five-bedroom detached house in Coombe Lane offers a remarkable opportunity, especially given its proximity to the esteemed Addington Palace Golf Course. With one of the largest plots in the area, the property boasts abundant potential for various uses, from extensive landscaping to potential expansions or additions. The interior features four/five double bedrooms, providing ample space for family members or guests, three reception rooms that offer versatility in utilising the space, and two bathrooms. The property requires refurbishment and renovation but allows a buyer to put their stamp on it to transform it into a beautiful family house.

The highlight is the open-plan kitchen/diner, which offers a beautiful space for gatherings and enjoying meals while overlooking the private and secluded garden, ensuring privacy and tranquillity. Given its unique features and potential, seeing the property firsthand is essential to truly appreciate all it offers.

Nestled within the prestigious enclave of Coombe Lane, this property offers unparalleled accessibility and convenience. Accessed via the serene thoroughfares of Coombe Road and Gravel Hill, it sits just a stone's throw from the Coombe Lane tram stop, which provides seamless connections to major railway stations, including East Croydon, West Croydon, Wimbledon, Elmers End, and Beckenham Junction.

Beyond its prime location, this residence is perfectly positioned for families seeking top-tier education, with esteemed schools such as Royal Russell, Oakfield Prep, Old Palace Prep, Coloma Convent Girl’s, Trinity, Coombe Wood, and Whitgift within easy reach. Moreover, the property is surrounded by verdant green spaces, including the picturesque Addington Hills, Lloyd Park, Coombe Wood Gardens, and Littleheath Woods, offering an oasis of tranquillity steps away from home.

In summary, this home epitomises elegance, offering a residence and a lifestyle defined by convenience, education, and natural beauty.

Agent Details

Black & Blanc, Covering South East London

020 3834 8586

Next Steps?

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