3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 3QF, £380,000

Stanley Road, Croydon, CR0 3QF - 20 views - 10 months ago

Refurb/BRRR

ROI: 4%

~67 m²

ValuationOvervalued

Sold Prices	£300K - £570K
Sold Prices/m²	£3.2K/m² - £9.1K/m²

Square Metres	~66.50 m²
Price/m²	£5.7K/m²
Value Estimate	£292,685£292,685

End Value (After Refurb)	£360,500£360,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£95,000£95,000
Stamp Duty & Legal Fees	£19,100£19,100
Refurb Costs	£35,149£35,149
Bridging Loan Interest	£9,975£9,975
Total Cash In	£160,974£160,974

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£360,500£360,500
Mortgage (After Refinance)	£270,375£270,375
Mortgage LTV	75%75%
Cash Left In	£160,974£160,974
Equity	£90,125£90,125
Rent Range	£1,350 - £3,000£1,350 - £3,000
Rent Estimate	£2,098
Running Costs/mo	£1,566£1,566
Cashflow/mo	£532£532
Cashflow/yr	£6,382£6,382
ROI	4%4%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £300K to £570K, average is £417.8K. £3.2K/m² to £9.1K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£340K	03/23	0.13 mi	20, Stanley Grove, Croydon, Greater London CR0 3QU	-	-	3	Terraced House
£417.5K	06/21	0.18 mi	114, Harcourt Road, Thornton Heath, Greater London CR7 6BW	-	-	3	Terraced House
£432.5K	06/21	0.18 mi	92, Harcourt Road, Thornton Heath, Greater London CR7 6BW	-	-	3	Terraced House
£420K	07/23	0.19 mi	286, Mitcham Road, Croydon, Greater London CR0 3JN	-	-	3	Terraced House
£400K	07/23	0.22 mi	116, Sutherland Road, Croydon, Greater London CR0 3QJ	-	-	3	Terraced House
£360K	04/21	0.25 mi	90, Pemdevon Road, Croydon, Greater London CR0 3QP	-	-	3	Terraced House
£382K	05/23	0.26 mi	246, Thornton Road, Croydon, Greater London CR0 3EU	-	-	3	Terraced House
£384K	02/21	0.26 mi	51, Pemdevon Road, Croydon, Greater London CR0 3QQ	£3,802	101	3	Semi-Detached House
£432.5K	06/23	0.29 mi	22, Ramsey Road, Thornton Heath, Greater London CR7 6BX	-	-	3	Terraced House
£337K	11/21	0.3 mi	45, Dennett Road, Croydon, Greater London CR0 3JD	£4,213	80	3	Terraced House
£400K	02/23	0.31 mi	4, Harcourt Road, Thornton Heath, Greater London CR7 6BU	-	-	3	Terraced House
£405K	12/20	0.31 mi	8, Effingham Road, Croydon, Greater London CR0 3NE	£8,438	48	3	Terraced House
£485K	03/23	0.32 mi	4, Broad Green Avenue, Croydon, Greater London CR0 2ST	-	-	3	Terraced House
£500K	01/23	0.32 mi	62, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	3	Semi-Detached House
£375K	02/21	0.32 mi	68, Chapman Road, Croydon, Greater London CR0 3NW	£4,076	92	3	Terraced House
£345K	06/21	0.32 mi	26, Addington Road, Croydon, Greater London CR0 3LU	£4,059	85	3	Terraced House
£530K	12/22	0.33 mi	66, Broughton Road, Thornton Heath, Greater London CR7 6AL	£4,818	110	3	Semi-Detached House
£438K	02/21	0.37 mi	42, Whitehall Road, Thornton Heath, Greater London CR7 6AE	-	-	3	Semi-Detached House
£410K	12/21	0.38 mi	28, Westcombe Avenue, Croydon, Greater London CR0 3DA	£5,062	81	3	Terraced House
£430K	01/23	0.39 mi	76, Sumner Road, Croydon, Greater London CR0 3LJ	£5,443	79	3	Semi-Detached House
£420K	01/23	0.39 mi	39, Chapman Road, Croydon, Greater London CR0 3NX	-	-	3	Terraced House
£447K	10/21	0.39 mi	11, Francis Road, Croydon, Greater London CR0 2RT	-	-	3	Terraced House
£380K	11/21	0.41 mi	64, Ockley Road, Croydon, Greater London CR0 3DQ	£4,481	85	3	Terraced House
£440K	06/23	0.43 mi	151, Handcroft Road, Croydon, Greater London CR0 3LF	-	-	3	Terraced House
£360K	06/21	0.43 mi	114, Handcroft Road, Croydon, Greater London CR0 3LE	£4,500	80	3	Terraced House
£507.6K	01/23	0.46 mi	75, Euston Road, Croydon, Greater London CR0 3NS	£9,065	56	3	Terraced House
£390K	07/23	0.47 mi	39, Euston Road, Croydon, Greater London CR0 3NS	£5,417	72	3	Semi-Detached House
£363K	09/21	0.48 mi	40, Miller Road, Croydon, Greater London CR0 3JY	£4,321	84	3	Semi-Detached House
£380K	01/21	0.48 mi	11, Aurelia Road, Croydon, Greater London CR0 3BE	£4,176	91	3	Terraced House
£387K	09/21	0.49 mi	166, Sumner Road South, Croydon, Greater London CR0 3LY	£4,917	79	3	Semi-Detached House
£445K	03/21	0.5 mi	15, Greenwood Road, Croydon, Greater London CR0 2PN	-	-	3	Semi-Detached House
£300K	06/21	0.5 mi	49, Hathaway Road, Croydon, Greater London CR0 2TQ	-	-	3	Terraced House
£360K	03/23	0.5 mi	127, Bensham Lane, Thornton Heath, Greater London CR7 7EW	-	-	3	Terraced House
£405K	03/23	0.51 mi	64, Elmwood Road, Croydon, Greater London CR0 2SJ	-	-	3	Terraced House
£470K	06/23	0.53 mi	57, Gonville Road, Thornton Heath, Greater London CR7 6DF	-	-	3	Terraced House
£415K	07/23	0.54 mi	148, Kelvin Gardens, Croydon, Greater London CR0 4US	£6,194	67	3	Terraced House
£570K	12/22	0.54 mi	21, Grafton Road, Croydon, Greater London CR0 3RP	£5,534	103	3	Terraced House
£425K	06/21	0.54 mi	11, Fairlands Avenue, Thornton Heath, Greater London CR7 6HD	-	-	3	Terraced House
£440K	03/21	0.54 mi	46, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA	-	-	3	Terraced House
£440K	08/21	0.58 mi	78, Silverleigh Road, Thornton Heath, Greater London CR7 6DW	-	-	3	Terraced House
£375K	01/21	0.6 mi	66, Penshurst Road, Thornton Heath, Greater London CR7 7EB	£4,076	92	3	Terraced House
£375K	01/21	0.6 mi	66, Penshurst Road, Thornton Heath, Greater London CR7 7EB	£4,076	92	3	Terraced House
£340K	05/21	0.61 mi	30, Norman Road, Thornton Heath, Greater London CR7 7ED	-	-	3	Terraced House
£450K	06/23	0.61 mi	6, Norman Road, Thornton Heath, Greater London CR7 7ED	£5,528	81	3	Terraced House
£476K	04/23	0.62 mi	52, Grove Road, Thornton Heath, Greater London CR7 6HL	-	-	3	Terraced House
£435K	06/21	0.63 mi	38, Colliers Water Lane, Thornton Heath, Greater London CR7 7LA	£4,794	91	3	Terraced House
£418K	06/23	0.63 mi	96, Rochford Way, Croydon, Greater London CR0 3AH	-	-	3	Terraced House
£420.7K	03/23	0.65 mi	25, Tirrell Road, Croydon, Greater London CR0 2XD	-	-	3	Semi-Detached House
£506.3K	12/22	0.65 mi	8, Kirklees Road, Thornton Heath, Greater London CR7 6HP	-	-	3	Terraced House
£432K	07/21	0.67 mi	57, Dovercourt Avenue, Thornton Heath, Greater London CR7 7LJ	£3,200	135	3	Terraced House

Local Rents

50 rents from £1.4K/mo to £3K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	01/25	0.16 mi	-	3	Terraced House
£2,100	10/23	0.17 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.17 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.17 mi	Grafton quarter, Croydon	3	Flat
£1,800	10/23	0.17 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.17 mi	Grafton Quarter, Croydon	3	Flat
£3,000	03/25	0.18 mi	-	3	Terraced House
£2,400	01/25	0.2 mi	-	3	Terraced House
£2,000	03/24	0.21 mi	Keston Road, CR7	3	Semi-Detached House
£2,100	03/24	0.21 mi	Keston Road, CR7	3	Terraced House
£2,100	03/24	0.21 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	03/24	0.21 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.21 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.21 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.21 mi	Keston Road, THORNTON HEATH	3	House
£2,150	02/24	0.22 mi	-	3	Semi-Detached House
£2,150	12/24	0.22 mi	Mitcham Road, Croydon, CR0	3	Detached House
£1,700	02/25	0.23 mi	-	3	Flat
£2,100	03/24	0.25 mi	-	3	Flat
£2,000	12/24	0.26 mi	-	3	Terraced House
£1,900	02/25	0.27 mi	-	3	Flat
£2,000	12/24	0.29 mi	Cecil Road, Croydon, CR0	3	Terraced House
£1,900	02/24	0.3 mi	-	3	Terraced House
£2,000	04/25	0.3 mi	-	3	Terraced House
£2,220	12/24	0.31 mi	-	3	Terraced House
£2,300	12/24	0.31 mi	Chapman Road, Croydon	3	Flat
£2,200	12/24	0.32 mi	-	3	Terraced House
£2,600	12/24	0.33 mi	-	3	Terraced House
£1,950	03/24	0.38 mi	-	3	Semi-Detached House
£2,000	12/24	0.38 mi	Westcombe Avenue, Croydon, CR0	3	Terraced House
£2,000	12/24	0.41 mi	Constance Road, West Croydon	3	Terraced House
£2,200	02/25	0.42 mi	-	3	Terraced House
£1,350	10/23	0.43 mi	Lodge Road, Croydon, CR0	3	Flat
£2,300	03/25	0.43 mi	-	3	Terraced House
£1,900	03/24	0.44 mi	Woodcroft Road, Thornton Heath	3	Terraced House
£2,300	12/24	0.45 mi	-	3	Terraced House
£1,900	12/24	0.46 mi	-	3	Terraced House
£2,300	12/24	0.47 mi	-	3	Semi-Detached House
£1,900	12/24	0.48 mi	Chapman Road, CR0 3NU	3	Detached House
£2,000	03/24	0.48 mi	-	3	Semi-Detached House
£2,200	12/24	0.5 mi	-	3	Semi-Detached House
£2,000	02/24	0.5 mi	-	3	Flat
£1,850	03/24	0.5 mi	-	3	Flat
£1,850	12/24	0.5 mi	Zodiac Court, Croydon, CR0	3	Flat
£2,100	02/24	0.5 mi	-	3	Flat
£2,300	01/25	0.52 mi	-	3	Semi-Detached House
£2,200	03/24	0.52 mi	-	3	Terraced House
£2,100	01/25	0.54 mi	-	3	Semi-Detached House
£2,200	12/24	0.54 mi	Greenwood Road, Croydon, CR0	3	Detached House
£2,100	12/24	0.54 mi	-	3	Terraced House

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	2.27 miles away2.27 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.45 miles away0.45 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

Listed for £380,000

June 7, 2024

Floor Plans

Description

Semi detached family home +
In need of cosmetic updating +
Double glazed +
Ground floor showerroom and upstairs bathroom +
Easy access of Croydon university hospital +
Close to Canterbury Road Recreation ground +

Located on Stanley Road, Croydon is this spacious three-bedroom semi-detached family home. The property is in need of modernisation, giving the chance to design and decorate to a new owner's taste. Internally the property comprises; a side entrance, front reception room, rear dining room, shower room, galley kitchen and a rear garden. On the 1st floor, there are three bedrooms two of which are doubles. In need of modernisation giving the new owners the chance to put their own personal stamp on a property. Stanley Road is close to all the local amenities that the local area has to offer.

Agent Details

Truuli, Croydon

020 3834 8533

Next Steps?

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

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