dealsourcr

3 Bed Flat, Single Let, Croydon, CR0 6XG, £400,000

Outram Road, Croydon, CR0 6XG - 2 views - 10 months ago

Leasehold
BTL
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£100K - £580K
Sold Prices/m²£3K/m² - £8.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£402,472

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,750 - £4,000

Rent Estimate

£1,775

Running Costs/mo

£1,625

Cashflow/mo

£150

Cashflow/yr

£1,800

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £580K, average is £350K. £3K/m² to £8.9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£362K07/230.57 mi63a, Stretton Road, Croydon, Greater London CR0 6ES3
£580K12/211.13 mi71, Tennison Road, London, Greater London SE25 5RY3
£260K03/231.22 mi4a, Aberdeen Road, Croydon, Greater London CR0 1EQ3
£415K10/201.23 mi54, Birchanger Road, London, Greater London SE25 5BB3
£280K05/211.37 miGround Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL3
£320K06/231.38 mi38c, Warham Road, South Croydon, Greater London CR2 6LA3
£300K02/211.51 miFlat 16, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP3
£422.5K05/231.6 mi15, Elm Road, Thornton Heath, Greater London CR7 8RH3
£267K03/211.63 mi119a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR3
£250K03/231.7 mi3b, Canterbury Road, Croydon, Greater London CR0 3PY3
£469.5K05/231.77 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE3
£354K11/211.78 miFlat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ3
£530K10/221.79 mi3, Burton Close, Thornton Heath, Greater London CR7 8SU3
£286K06/211.82 mi35, Grange Park Road, Thornton Heath, Greater London CR7 8QE3
£276K10/211.84 mi14, Old School Place, Croydon, Greater London CR0 4GA3
£345K06/212.01 mi197, Grange Road, Upper Norwood, London, Greater London SE25 6TG3
£435K09/232.06 mi48, Marlow Road, Anerley, London, Greater London SE20 7UZ3
£320K02/232.07 mi23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ3
£420K08/212.07 mi43a, Tremaine Road, London, Greater London SE20 7UA3
£415K06/212.07 mi51a, Tremaine Road, London, Greater London SE20 7UA3
£465K08/212.08 mi32, Blenheim Park Road, South Croydon, Greater London CR2 6BD3
£390K01/212.1 mi12a, Tremaine Road, London, Greater London SE20 7TZ3
£420K04/212.1 mi6a, Tremaine Road, London, Greater London SE20 7TZ3
£450K09/212.1 mi12, Tremaine Road, London, Greater London SE20 7TZ3
£290K02/212.11 mi35a, Lenham Road, Thornton Heath, Greater London CR7 8QT3
£408.3K03/212.11 mi46, Samos Road, London, Greater London SE20 7TU3
£285K10/202.12 mi124, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£360K01/232.12 mi130, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£330K03/232.13 mi132a, Melfort Road, Thornton Heath, Greater London CR7 7RP3
£422.5K06/232.15 mi73, Ridge Langley, South Croydon, Greater London CR2 0AP3
£445.5K12/202.16 mi26, Samos Road, Anerley, London, Greater London SE20 7TU3
£442.2K02/212.16 mi40a, Samos Road, London, Greater London SE20 7TU3
£425K11/202.21 mi27a, Worbeck Road, London, Greater London SE20 7SW3
£437.5K10/222.22 miFlat 23, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ3
£340K10/202.22 miFlat 7, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ3
£294K11/202.25 miFlat 6, Curtis House, Dixon Place, West Wickham, Greater London BR4 9PL3
£350K06/212.27 mi153a, Croydon Road, Beckenham, Greater London BR3 3QH3
£255K06/232.31 miFlat 11, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA3
£315K09/212.34 mi211, Selsdon Park Road, South Croydon, Greater London CR2 8JH3
£291K05/232.34 mi193, Selsdon Park Road, South Croydon, Greater London CR2 8JH3
£100K06/232.38 miFlat 2, Bettswood Court, Anerley Road, London, Greater London SE20 8EH3
£241.3K08/232.48 mi120, Auckland Road, London, Greater London SE19 2RP3
£535K03/232.49 mi97, Birkbeck Road, Beckenham, Greater London BR3 4SW3
£285K12/202.51 mi103, Kingsdown Avenue, South Croydon, Greater London CR2 6QL3
£234.2K03/212.51 miFlat 25, Deverill Court, Avenue Road, London, Greater London SE20 7RZ3
£365K09/212.54 mi31, Cornish Grove, London, Greater London SE20 8RB3
£350K11/202.58 miFlat 10, Brooklyn, Anerley Road, London, Greater London SE20 8AZ3
£292K05/212.58 miFlat 5, Brooklyn, Anerley Road, London, Greater London SE20 8AZ3
£296K03/212.59 mi28, Purley Downs Road, Purley, Greater London CR8 1HA3
£395K06/212.61 miFlat 15, Maberley Court, Maberley Crescent, London, Greater London SE19 2JG3

Local Rents

50 rents from £1.8K/mo to £4K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,60004/250.26 mi-3
£2,05012/240.27 miSundridge Road, Croydon, CR03
£2,00012/240.3 miTunstall Road, CROYDON3
£2,00012/240.3 miTunstall Road, Croydon CR03
£1,80012/240.3 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.3 miSundridge Road, Addiscombe, Croydon3
£1,75012/240.31 mi-3
£2,20012/240.32 miAddiscombe Court Road, Croydon, CR03
£2,10012/240.34 mi-3
£2,15003/250.34 mi-3
£1,85012/240.35 miAddiscombe Court Road, Croydon CR03
£2,00012/240.35 miAddiscombe Road, Croydon, CR0 6SA3
£1,85012/240.35 miTunstall Road, East Croydon3
£1,97504/250.37 mi-3
£1,75012/240.38 mi-3
£2,10012/240.38 miTurnpike Link, Croydon, CR03
£1,90012/240.39 miAddiscombe Court Road, East Croydon3
£2,30012/240.39 mi-3
£2,00004/250.39 mi-3
£2,20012/240.4 miCompton Road, Addiscombe, CR03
£1,85004/250.4 mi-3
£2,00012/240.41 mi-3
£2,00004/250.41 mi-3
£2,00002/240.42 mi-3
£2,00012/240.42 miTurnpike Link, Croydon, CR03
£2,45012/240.43 mi-3
£2,45002/250.43 mi-3
£2,00001/250.48 mi-3
£2,70012/240.49 miTurnpike Link, Croydon, CR03
£2,70012/240.49 mi-3
£2,40012/240.49 mi-3
£2,39001/250.49 mi-3
£2,70004/250.5 mi-3
£2,15004/250.51 mi-3
£1,98503/240.51 mi-3
£1,95012/240.52 miMorland Road, Addiscombe, CR03
£1,90012/240.53 miEngadine Close, Croydon CR03
£2,00012/240.54 mi-3
£1,90012/240.54 miExeter Road, Croydon, CR03
£1,90012/240.54 miEngadine Close, Croydon, CR03
£4,00003/250.54 mi-3
£1,90012/240.55 miExeter Road, Addiscombe3
£2,25012/240.55 miBlackhorse Lane, Croydon, Surrey3
£2,25004/250.55 mi-3
£2,00003/250.57 mi-3
£2,50012/240.57 miAlexandra Road, Croydon, CR03
£2,50012/240.57 miAlexandra Road, Croydon, CR03
£2,30012/240.57 miAlexandra Road, Croydon, CR03
£2,15004/250.57 mi-3
£2,00012/240.58 miDavidson Road, Croydon, CR03

Links

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.54 miles away

Nearest school

0.40 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £400,000

June 11, 2024

Floor Plans

Description

  • Three double bedrooms +
  • Bathroom and ensuite shower +
  • Large open plan living space +
  • Entry phone system +
  • UPVC double glazing +
  • Gas central heating system +
  • Off street parking +
  • Share of Freehold +
  • Communal grounds +

Very well presented MODERN STYLE THREE DOUBLE BEDROOM SPLIT LEVEL FIRST & SECOND FLOOR FLAT, situated in a sought after location close to East Croydon Railway Station/over ground station, Tramlink Services, Multiple bus routes and the vibrant Croydon Town Centre with many retail shops, bars and boutiques. The property is offered with No onward chain and is ideal for first time purchasers and investors. London Borough of Croydon Band C £2103.91

Details with approximate measurements are as follows:-

ENTRANCE: Communal entrance. Entry phone system.

ENTRANCE HALL: Front door. Entry phone handset. Radiator. Wood flooring. Stairs to top floor rooms.

CLOAKROOM: Low level wc. Vanity wash hand basin. Heated towel rail. Karndean floor tiles

LIVING AREA: 18'11" x 17'5" (5.77m x 5.31m), Living area: UPVC double glazed window to rear. Wood flooring. Radiator.
Kitchen area: Range of wall and base units with work surfaces over. Stainless steel single drainer sink unit with mixer tap. Built-in oven, hob and extractor hood. Space for washing machine and dishwasher. Built-in fridge/freezer. Local tiling.

BEDROOM ONE: 19'2" x 12'6" (5.84m x 3.81m), UPVC double glazing window to rear. Two Velux windows. Radiator. Eaved ceiling. Carpet as laid. Eaved storage space.

BEDROOM TWO: 14'5" x 13'9" (4.39m x 4.19m), Two velux windows. UPVC double glazed windows to front and side. Eaved ceiling. Radiator. Carpet as laid. Eaved storage space.

BEDROOM THREE: 15'4" x 12'4" (4.67m x 3.76m), UPVC double glazed windows to front. Radiator. Built-in storage space. Laminate wood flooring.

EN-SUITE SHOWER ROOM: Shower cubicle. Low level wc. Extractor fan. Heated towel rail. Karndean floor tiles.

BATHROOM: Extractor fan. UPVC double glazed window to side. Panelled bath with mixer tap. Vanity wash hand basin. Low level wc. Heated towel rail. Karndean floor tiles

GARDEN: Communal garden to rear.

PARKING: Allocated off street parking to front for 1 vehicle.

TENURE: "We are advised by the Vendor(s) that the property is Leasehold with Share of Freehold, Lease Term 125 years from and including 24th June 2008 (109 remaining), £50.00per month sinking fund". (Awaiting details of lease).

AUTHORITY: London Borough Of Croydon Band C £2103.91.

Agent Details

Northwoods Residential, London

020 3657 4397

Next Steps?

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

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