3 Bed Semi-Detached House, Refurb/BRRR, South Croydon, CR2 8SS, £400,000

Goldfinch Road, South Croydon, CR2 8SS - 5 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~75 m²
+10 photos

ValuationOvervalued

Sold Prices£358K - £542K
Sold Prices/m²£4.1K/m² - £7.5K/m²

 

 

Square Metres

~75.19 m²
Price/m²£5.3K/m²

Value Estimate

£358,700

 

 

End Value (After Refurb)

£391,197

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£39,789

Bridging Loan Interest

£10,500

Total Cash In

£172,739

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£391,197

Mortgage (After Refinance)

£293,398

Mortgage LTV

75%

Cash Left In

£172,739

Equity

£97,799

Rent Range

£1,600 - £2,850

Rent Estimate

£1,969

Running Costs/mo

£1,636

Cashflow/mo

£333

Cashflow/yr

£3,992

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £358K to £542K, average is £426.8K. £4.1K/m² to £7.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£392K04/210.05 mi1, Wagtail Gardens, South Croydon, Greater London CR2 8TA3
£535K05/230.08 mi6, Quail Gardens, South Croydon, Greater London CR2 8TF3
£420K10/210.09 mi18, Kingfisher Gardens, South Croydon, Greater London CR2 8QZ3
£525K06/210.09 mi7, Peacock Gardens, South Croydon, Greater London CR2 8TE3
£392K11/200.1 mi3, Osprey Gardens, South Croydon, Greater London CR2 8TB3
£485K12/220.11 mi30, Quail Gardens, South Croydon, Greater London CR2 8TF3
£428.5K08/210.17 mi34, Mallard Road, South Croydon, Greater London CR2 8PY3
£425K05/210.18 mi42, Greville Avenue, South Croydon, Greater London CR2 8NL3
£445K11/200.18 mi46, Greville Avenue, South Croydon, Greater London CR2 8NL3
£445K12/220.19 mi53, Greville Avenue, South Croydon, Greater London CR2 8NN3
£418K06/210.21 mi6, Albatross Gardens, South Croydon, Greater London CR2 8QX3
£529K04/230.21 mi52, Albatross Gardens, Selsdon, South Croydon, Greater London CR2 8QX3
£450K03/210.24 mi44, Nightingale Road, South Croydon, Greater London CR2 8PT3
£430K06/210.24 mi1, Herondale, South Croydon, Greater London CR2 8SN3
£400K06/210.24 mi27, Ambleside Gardens, South Croydon, Greater London CR2 8SE3
£460K06/230.25 mi12, Lichfield Way, South Croydon, Greater London CR2 8SD3
£515K04/230.27 mi36, Bullfinch Road, South Croydon, Greater London CR2 8PW3
£392.5K12/200.27 mi20, Redwing Close, South Croydon, Greater London CR2 8QU3
£395K01/210.27 mi29, Redwing Close, South Croydon, Greater London CR2 8QU3
£415K11/200.27 mi30, Redwing Close, South Croydon, Greater London CR2 8QU3
£400K06/210.27 mi4, Redwing Close, South Croydon, Greater London CR2 8QU3
£438K02/210.27 mi1, York Road, South Croydon, Greater London CR2 8NR3
£425K06/210.28 mi47, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£432K10/200.28 mi7, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£480K06/230.28 mi9, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£485K11/220.29 mi22, Nightingale Road, South Croydon, Greater London CR2 8PT3
£414.5K03/210.3 mi35, Abbey Road, South Croydon, Greater London CR2 8NJ3
£515K05/210.33 mi56, Abbey Road, South Croydon, Greater London CR2 8NG3
£425K04/210.35 mi17, Bruce Drive, South Croydon, Greater London CR2 8SL3
£417K01/210.35 mi16, Bruce Drive, South Croydon, Greater London CR2 8SL3
£480K04/230.36 mi16, Martin Close, South Croydon, Greater London CR2 8QS3
£422K11/210.38 mi19, Curlew Close, South Croydon, Greater London CR2 8QT3
£520K03/230.38 mi142, Benhurst Gardens, South Croydon, Greater London CR2 8NW3
£440K08/230.38 mi146, Benhurst Gardens, South Croydon, Greater London CR2 8NW3
£505K11/210.41 mi1, Kingsway Avenue, South Croydon, Greater London CR2 8NF3
£540K06/210.42 mi272, Addington Road, South Croydon, Greater London CR2 8LF3
£400K02/210.42 mi8, Teal Close, South Croydon, Greater London CR2 8SU3
£400K03/210.43 mi63, Benhurst Gardens, South Croydon, Greater London CR2 8NY3
£485K01/230.44 mi243, Addington Road, South Croydon, Greater London CR2 8LR3
£475K12/220.45 mi104, Benhurst Gardens, South Croydon, Greater London CR2 8NU3
£360K02/210.46 mi13, Elm Park Gardens, South Croydon, Greater London CR2 8RW3
£430K10/200.46 mi31, Elm Park Gardens, South Croydon, Greater London CR2 8RW3
£420K04/210.46 mi23, Broadcoombe, South Croydon, Greater London CR2 8HX3
£358K04/210.47 mi20, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£542K09/210.47 mi8, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£425K03/230.47 mi6, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£420K03/210.47 mi49, Farnborough Crescent, South Croydon, Greater London CR2 8HA3
£405K04/230.47 mi2, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£420K07/230.47 mi22, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£385K08/210.48 mi9, Copse View, South Croydon, Greater London CR2 8HL3

Local Rents

16 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,40001/250.32 mi-3
£2,00002/240.34 mi-3
£1,85002/240.37 mi-3
£2,45003/250.38 mi-3
£1,60012/240.4 miBowens Wood, Forestdale, Croydon, Surrey, CR03
£1,90002/250.41 mi-3
£1,70011/230.41 mi-3
£1,70002/240.41 mi-3
£2,10010/240.48 mi-3
£2,25002/240.49 mi-3
£2,85004/250.5 mi-3
£2,75004/250.51 mi-3
£1,99511/240.54 mi-3
£1,90012/240.54 miFoxearth Road, South Croydon, Surrey, CR2 8EN3
£2,05003/250.55 mi-3
£1,90012/240.56 miFoxearth Road, South Croydon3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £400,000

June 21, 2024

Floor Plans

Description

  • No Onward Chain +
  • Three Bedroom House +
  • Entrusted to Webbs +
  • Semi-Detached +
  • Driveway +
  • Garage +
  • Close to Schools +
  • Close to Shops +
  • Close to Tram +

NO CHAIN. Webbs are pleased to offer to the market this three bedroom family home in The Bird Sanctuary in Selsdon. This property requires modernisation throughout and consists of an entrance hall, large lounge diner, kitchen, sunroom, stairs leading to first floor, three bedrooms and a family bathroom. To the front of the property you have a driveway, a set back garage and at the rear of the property you have a nice family garden. The property is situated close to the 433 Bus stop with connections to Addington interchange or East Croydon. Locally you have great schools, local shops, Selsdon High Street and woodlands. Webbs would advise an early viewing on this property as properties like this sell quickly.

Council Tax Band: D Croydon
Tenure: Freehold

Agent Details

Webbs Estate Agents, Croydon

020 3907 3577

Next Steps?

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