2 Bed Flat, Single Let, Croydon, CR0 2TJ, £210,000

London Road, Croydon, CR0 2TJ - 10 months ago

Leasehold

BTL

ROI: 9%

~65 m²

+10 photos

ValuationUndervalued

Sold Prices	£195K - £352K
Sold Prices/m²	£2.8K/m² - £6K/m²

Square Metres	~65.20 m²
Price/m²	£3.2K/m²
Value Estimate	£256,200£256,200
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£11,700£11,700
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£1,400 - £2,350£1,400 - £2,350
Rent Estimate	£1,425
Running Costs/mo	£961£961
Cashflow/mo	£464£464
Cashflow/yr	£5,565£5,565
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

27 sold prices from £195K to £352K, average is £280K. £2.8K/m² to £6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£286K	05/23	0.18 mi	46, Greenside Road, Croydon, Greater London CR0 3PL	£4,540	63	2	Flat
£255K	03/23	0.21 mi	69a, Greenside Road, Croydon, Greater London CR0 3PQ	-	-	2	Flat
£280K	01/21	0.25 mi	98, Eastney Road, Croydon, Greater London CR0 3TE	£3,415	82	2	Flat
£245K	03/23	0.26 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat
£290K	07/23	0.34 mi	125, Queens Road, Croydon, Greater London CR0 2PT	£4,031	72	2	Flat
£260K	09/21	0.34 mi	125a, Queens Road, Croydon, Greater London CR0 2PT	£4,333	60	2	Flat
£295K	11/21	0.37 mi	16, Prestwood Gardens, Croydon, Greater London CR0 2TW	£4,403	67	2	Flat
£215K	04/21	0.37 mi	1, Rodney Close, Croydon, Greater London CR0 3RX	£2,756	78	2	Flat
£305K	04/23	0.39 mi	79, Onslow Road, Croydon, Greater London CR0 3NY	£6,028	51	2	Flat
£195K	12/22	0.59 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£294K	03/23	0.64 mi	31a, Clarence Road, Croydon, Greater London CR0 2EN	£4,900	60	2	Flat
£220K	03/23	0.68 mi	183a, Whitehorse Road, Croydon, Greater London CR0 2LJ	£3,333	66	2	Flat
£265K	08/21	0.71 mi	17a, Henderson Road, Croydon, Greater London CR0 2QG	£3,897	68	2	Flat
£280K	06/21	0.73 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£250K	05/23	0.78 mi	114b, Waddon New Road, Croydon, Greater London CR0 4JE	£4,828	52	2	Flat
£270K	02/23	0.79 mi	46, Kelvin Gardens, Croydon, Greater London CR0 4UR	-	-	2	Flat
£320K	12/22	0.87 mi	Flat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN	-	-	2	Flat
£270K	01/23	0.88 mi	181, Franklin Way, Croydon, Greater London CR0 4UX	£5,240	52	2	Flat
£256K	06/21	0.89 mi	139, Franklin Way, Croydon, Greater London CR0 4UX	£5,689	45	2	Flat
£270K	02/23	0.9 mi	24, Charles Street, Croydon, Greater London CR0 1TR	£5,094	53	2	Flat
£298K	01/23	0.93 mi	Flat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT	-	-	2	Flat
£295K	12/22	0.93 mi	63b, Saxon Road, London, Greater London SE25 5EH	-	-	2	Flat
£346K	01/21	0.97 mi	51a, Dagnall Park, London, Greater London SE25 5EG	£4,873	71	2	Flat
£334K	07/23	0.98 mi	44a, Oval Road, Croydon, Greater London CR0 6BJ	£4,010	83	2	Flat
£340K	09/22	1 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£352K	06/21	1 mi	8a, Vincent Road, Croydon, Greater London CR0 6ED	£5,432	65	2	Flat
£295K	08/21	1 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat

Local Rents

51 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,775	03/24	0.03 mi	-	2	Flat
£1,600	12/24	0.08 mi	Bensham Lane, Croydon, CR0	2	Flat
£1,500	12/24	0.09 mi	London Road Croydon CR0	2	Flat
£1,450	12/24	0.09 mi	-	2	Flat
£1,450	02/25	0.09 mi	-	2	Flat
£1,475	03/24	0.11 mi	-	2	Flat
£1,675	12/24	0.11 mi	London Road, Croydon, CR0	2	Flat
£2,350	02/25	0.12 mi	-	2	Flat
£1,800	12/24	0.15 mi	Handcroft Road, CR0	2	Terraced House
£1,700	12/24	0.16 mi	Sumner Road, CR0	2	Terraced House
£1,700	12/24	0.16 mi	Sumner Road, CR0	2	Terraced House
£1,500	12/24	0.19 mi	Francis Road, Croydon, CR0	2	Flat
£1,500	02/24	0.19 mi	-	2	Flat
£1,700	03/25	0.19 mi	-	2	Flat
£1,600	12/24	0.2 mi	London Road, Croydon	2	Flat
£1,450	02/25	0.2 mi	-	2	Flat
£1,850	02/25	0.2 mi	-	2	Terraced House
£1,400	12/24	0.2 mi	Francis Road, Croydon	2	Flat
£1,750	12/24	0.2 mi	Pemdevon Road, Croydon, CR0	2	Terraced House
£1,700	03/24	0.21 mi	-	2	Flat
£1,900	03/24	0.21 mi	-	2	Flat
£1,650	01/25	0.21 mi	-	2	Flat
£1,900	12/24	0.21 mi	Kidderminster Road, Croydon	2	Flat
£1,900	12/24	0.21 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,700	12/24	0.21 mi	Kidderminster Road, Croydon	2	Flat
£1,700	12/24	0.22 mi	Dennett Road, Croydon, CR0	2	Terraced House
£1,650	12/24	0.22 mi	-	2	Flat
£1,650	12/24	0.22 mi	-	2	Flat
£1,900	12/24	0.22 mi	Kidderminster Road, Croydon	2	Flat
£1,700	12/24	0.22 mi	Kidderminster Road, CROYDON	2	Flat
£1,700	12/24	0.22 mi	Kidderminster Road, CR0	2	Flat
£1,750	12/24	0.23 mi	Pemdevon, CR0	2	Terraced House
£1,625	02/25	0.23 mi	-	2	Flat
£1,900	12/24	0.24 mi	Grafton Quarter, Croydon, London, CR0	2	Flat
£1,550	02/25	0.24 mi	-	2	Flat
£1,550	12/24	0.25 mi	London Road, Croydon, CR0	2	Flat
£1,700	12/24	0.26 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,650	02/25	0.26 mi	-	2	Flat
£1,400	01/25	0.26 mi	-	2	Flat
£1,500	12/24	0.29 mi	-	2	Flat
£1,700	02/24	0.29 mi	-	2	Semi-Detached House
£1,500	01/25	0.32 mi	-	2	Flat
£1,800	12/24	0.32 mi	-	2	Terraced House
£1,500	03/25	0.32 mi	-	2	Flat
£1,700	03/25	0.32 mi	-	2	Terraced House
£1,700	03/25	0.32 mi	-	2	Terraced House
£1,500	12/24	0.32 mi	Two bedroom flat to rent in Croydon	2	Flat
£1,700	03/25	0.33 mi	-	2	Flat
£1,600	03/24	0.34 mi	Fiveacre Close, Thornton Heath	2	Flat
£1,650	12/24	0.36 mi	London Road, West Croydon, Croydon, CR0	2	Flat
£1,650	12/24	0.36 mi	London Road, CROYDON	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	1.90 miles away1.90 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.47 miles away0.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Price changed to £210,000

February 8, 2025

Listed for £220,000

May 18, 2024

Floor Plans

Description

IDEAL INVESTMENT/FIRST PURCHASE. TWO DOUBLE BEDROOM PURPOSE CENTRALLY LOCATED TO ALL AMENITIES.

This first floor purpose built apartment is offered with no onward chain and briefly comprises entrance hall, living room with 'Juliet Balcony', two bedrooms also both with 'Juliet Balconies', also the main bedroom has plumbing for en suite (not sure if connected) and family bathroom. This property would benefit from some cosmetic improvements like reinstating the partition for the ensuite to the main bedroom.

The property is situated close to West Croydon station and offers excellent access into London.

In addition to the excellent transport links, Croydon town centre is close by offering a wide array of well-regarded local amenities.

Agent Details

Mann, Croydon

020 3870 2869

Next Steps?

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

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ValuationUndervalued

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Agent Details

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