4 Bed Detached House, Refurb/BRRR, South Croydon, CR2 9JR, £650,000

35 Rectory Park, Sanderstead, CR2 9JR - 3 views - a year ago

Sold STC
Refurb/BRRR
~124 m²
+6 photos

ValuationOvervalued

Sold Prices£491K - £1.1M
Sold Prices/m²£3.6K/m² - £8.5K/m²

 

 

Square Metres

~124.40 m²
Price/m²£5.2K/m²

Value Estimate

£594,958

 

 

End Value (After Refurb)

£691,469

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£65,830

Bridging Loan Interest

£17,063

Total Cash In

£287,842

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£691,469

Mortgage (After Refinance)

£518,602

Mortgage LTV

75%

Cash Released

£31,102

Cash Left In

£256,741

Equity

£172,867

Rent Range

£1,750 - £4,750

Rent Estimate

£2,783

Running Costs/mo

£2,737

Cashflow/mo

£46

Cashflow/yr

£547

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £491K to £1.1M, average is £709.5K. £3.6K/m² to £8.5K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£780K01/210.21 mi14, Brian Avenue, South Croydon, Greater London CR2 9NE4
£600K01/210.22 mi3, Hyde Road, South Croydon, Greater London CR2 9NR4
£530K02/210.22 mi5, Hyde Road, South Croydon, Greater London CR2 9NR4
£870K01/210.26 mi51, Court Hill, South Croydon, Greater London CR2 9ND4
£660K11/200.29 mi28, Court Hill, South Croydon, Greater London CR2 9NA4
£845K11/210.32 mi147, Purley Downs Road, South Croydon, Greater London CR2 0RN4
£635K09/210.32 mi122, Purley Downs Road, South Croydon, Greater London CR2 0RE4
£800K01/210.35 mi55, Westfield Avenue, South Croydon, Greater London CR2 9JZ4
£875K06/210.38 mi27, Sanderstead Hill, South Croydon, Greater London CR2 0HD4
£665K04/210.38 mi9, Cranleigh Gardens, South Croydon, Greater London CR2 9LD4
£710K10/210.39 mi42, Holmwood Avenue, South Croydon, Greater London CR2 9HY4
£890K03/210.41 mi40, Sanderstead Hill, South Croydon, Greater London CR2 0HA4
£1.1M06/210.41 mi9, Briton Crescent, South Croydon, Greater London CR2 0JN4
£800K02/210.41 mi7, Sundown Avenue, South Croydon, Greater London CR2 0RQ4
£770K03/210.42 mi11, Downsway, South Croydon, Greater London CR2 0JB4
£680K12/200.47 mi8, Downsway, South Croydon, Greater London CR2 0JA4
£850K01/230.47 mi24, Downsway, South Croydon, Greater London CR2 0JA4
£735K02/210.48 mi17, Hill Barn, South Croydon, Greater London CR2 0RU4
£667.5K01/210.49 mi11, Cardinal Close, South Croydon, Greater London CR2 9AN4
£755K03/230.5 mi64, Farm Fields, South Croydon, Greater London CR2 0HP4
£700K06/230.51 mi9, Addington Road, South Croydon, Greater London CR2 8RF4
£695K06/210.54 mi5, Sanderstead Court Avenue, South Croydon, Greater London CR2 9AU4
£610K05/210.54 mi31, Sanderstead Court Avenue, South Croydon, Greater London CR2 9AU4
£545K03/210.55 mi11a, Buttermere Gardens, Purley, Greater London CR8 1EJ4
£700K05/210.55 mi48, Mitchley Avenue, Purley, Greater London CR8 1DN4
£610K09/210.55 mi48, Sanderstead Court Avenue, South Croydon, Greater London CR2 9AJ4
£685K11/210.56 mi3, Jordan Close, South Croydon, Greater London CR2 0JW4
£635K12/220.56 mi5, Jordan Close, South Croydon, Greater London CR2 0JW4
£491K04/210.58 mi57, Maywater Close, South Croydon, Greater London CR2 0RS4
£735.5K05/210.58 mi73, Derwent Drive, Purley, Greater London CR8 1ES4
£1.1M10/220.59 mi4, Briton Hill Road, South Croydon, Greater London CR2 0JL4
£690K03/210.59 mi44, Briton Hill Road, South Croydon, Greater London CR2 0JL4
£700K11/220.61 mi29, Eskdale Gardens, Purley, Greater London CR8 1ET4
£690K12/220.63 mi1, Gainsborough Drive, Sanderstead, South Croydon, Greater London CR2 9AX4
£1.1M10/210.63 mi23, Blacksmiths Hill, South Croydon, Greater London CR2 9AZ4
£650K06/230.65 mi64, Ingleboro Drive, Purley, Greater London CR8 1EF4
£685K10/200.65 mi40, Mitchley Avenue, Purley, Greater London CR8 1DT4
£665K10/200.67 mi7, Hook Hill, South Croydon, Greater London CR2 0LB4
£760K07/230.68 mi42, Lime Meadow Avenue, South Croydon, Greater London CR2 9AR4
£770K10/210.7 mi143, Norfolk Avenue, South Croydon, Greater London CR2 8BY4
£825K02/230.71 mi133, Norfolk Avenue, South Croydon, Greater London CR2 8BY4
£810K11/200.74 mi21, Arkwright Road, South Croydon, Greater London CR2 0LN4
£925K11/200.74 mi19, Arkwright Road, South Croydon, Greater London CR2 0LN4
£800K05/230.75 mi80, Norfolk Avenue, South Croydon, Greater London CR2 8BS4
£719K04/210.75 mi104, Norfolk Avenue, South Croydon, Greater London CR2 8BS4
£555K02/210.75 mi213, Limpsfield Road, South Croydon, Greater London CR2 9DE4
£795K09/210.75 mi1, Morley Road, South Croydon, Greater London CR2 0EN4
£700K11/200.75 mi17, Morley Road, South Croydon, Greater London CR2 0EN4
£801.2K09/210.76 mi120, Arundel Avenue, South Croydon, Greater London CR2 8BH4
£709K02/210.76 mi114, Arundel Avenue, South Croydon, Greater London CR2 8BH4

Local Rents

48 rents from £1.8K/mo to £4.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£4,50003/250.09 mi-7
£2,85009/240.27 mi-5
£1,75002/250.39 mi-3
£3,75012/240.46 miPurley Downs Road South Croydon CR25
£3,75012/240.46 miPurley Downs Road, South Croydon5
£3,75012/240.5 miPurley Downs Road, Sanderstead, Surrey, CR2 0RH5
£2,19512/240.57 miButtermere Gardens, Purley4
£2,25012/240.59 miBriton Hill Road, South Croydon3
£2,40012/240.59 miBriton Hill Road, South Croydon3
£2,35003/250.62 mi-3
£2,10012/240.67 mi-3
£3,25012/240.76 miSanderstead, Surrey3
£3,00012/240.82 mi4 bedroom Detached House in Sanderstead4
£4,50012/240.87 miCR2 0LL6
£1,77512/240.88 mi-3
£1,77512/240.88 mi-3
£1,95001/250.89 mi-3
£4,50012/240.89 miArkwright Road, Croydon, South Croydon, CR26
£2,25012/240.9 miArkwright Road South Croydon CR23
£2,25012/240.91 mi-4
£2,50012/240.92 miBrancaster Lane, Purley4
£2,50012/240.97 miSanderstead, South Croydon4
£4,40012/240.98 miSouth Croydon, CR25
£2,25012/240.98 miRidge Langley, Sanderstead, Surrey, CR2 0AP3
£2,70012/240.98 miSt James Road, Croydon, Purley, CR85
£1,80003/251.03 mi-3
£1,90012/241.05 miOaklands Gardens, Kenley3
£1,77512/241.07 mi-3
£2,95012/241.08 miTrinity Close, CR34
£2,80002/251.08 mi-3
£4,75003/251.09 mi-4
£2,00001/251.1 mi-3
£2,15012/241.12 miElmfield Way, South Croydon3
£1,75012/241.12 miWentworth Way, South Croydon, Surrey, CR2 9EZ3
£1,85012/241.13 miKendall Avenue3
£3,15012/241.16 miSouth Croydon, CR25
£4,30012/241.16 mi6 Elmfield Way CR2 0ED5
£2,35011/231.19 mi-3
£2,00012/241.19 miHillview Close, Purley4
£1,95012/241.2 miFoxley Gardens, Purley3
£1,85002/251.2 mi-3
£3,05001/251.21 mi-5
£3,15002/251.21 mi-5
£2,70412/241.21 miTen Degrees, Croydon, CR03
£3,50002/251.21 mi-5
£4,25012/241.22 miWarren Road, Purley5
£2,00012/241.23 miKingswood Avenue, South Croydon, Surrey, CR2 9DQ3
£1,99511/241.24 mi-3

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.93 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £650,000

April 18, 2024

Floor Plans

Description

  • Substantial Four Bedroom Detached Family Home +
  • Sought After Sanderstead Location +
  • Requiring Modernisation +
  • Two Separate Reception Rooms +
  • Older Style Kitchen and Upstairs Bathroom +
  • 120ft Private Garden +
  • Garage and Off Street Parking +
  • No Onward Chain +
  • Close to Transport Links, Schools and Amenities +
  • Easy Access Purley and Croydon Town Centres +

Marriott Vernon are delighted to offer to the market this substantial four bedroom detached family home with garage, off street parking, 120ft private garden to rear and no onward chain. Ideally situated in a sought after residential location close to local amenities and excellent schools, the property offers bright and spacious accommodation now requiring a programme of modernisation throughout. Features include two separate reception rooms, first floor bathroom with separate WC, and gas central heating.

Accommodation comprises entrance hall with stairs rising to the first floor and access to WC, leading into two generous reception rooms with front and rear views respectively. The separate kitchen comprises an older style range of wall and base units with work surfaces incorporating inset sink unit and further space for appliances. To the first floor, there are four well proportioned bedrooms, bathroom and adjacent separate WC.

The property is enviably located in close proximity of Sanderstead village, whilst within easy access of good local bus routes providing an easy connection into Croydon and Purley town centres. Sanderstead village offer a variety of shops, cafes, restaurants and local amenities including a large Waitrose and the open space of Sanderstead recreation ground. The local area is well served by excellent local schools including Atwood Primary, Gresham Primary, Ridgeway Primary, Riddlesdown Collegiate and Warlingham School. Riddlesdown Common is also close-by as well as leisure facilities including Purley Down Golf Club and Purley Bury Tennis Club. Croydon and Purley town centres are also just a short bus or car ride away for a wider variety of shops, bars, restaurants and leisure facilities.

Viewings are highly recommended.

Agent Details

Marriott Vernon, Croydon

020 3728 8883

Next Steps?

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