2 Bed Flat, Single Let, Croydon, CR0 6XE, £300,000

Outram Road, Addiscombe, CR0 6XE - 9 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~63 m²
+3 photos

ValuationOvervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.5K/m² - £6.8K/m²

 

 

Square Metres

~63.30 m²
Price/m²£4.7K/m²

Value Estimate

£283,845

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,250 - £3,000

Rent Estimate

£1,295

Running Costs/mo

£1,217

Cashflow/mo

£79

Cashflow/yr

£942

ROI

1%

Gross Yield

5%

Local Sold Prices

41 sold prices from £200K to £660K, average is £299.5K. £2.5K/m² to £6.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£260K06/210.03 mi53d, Outram Road, Croydon, Greater London CR0 6XG2
£282.5K06/230.1 mi45a, Havelock Road, Croydon, Greater London CR0 6QQ2
£660K06/210.17 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£248K04/210.25 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£300K04/230.28 mi63, Fisher Close, Croydon, Greater London CR0 6QY2
£275K11/210.34 mi43, East India Way, Croydon, Greater London CR0 6NZ2
£335K10/210.41 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.41 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£375K02/230.41 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£299.5K10/210.42 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£343K09/210.43 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.43 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£257K08/210.44 mi33, Burnham Gardens, Croydon, Greater London CR0 6NP2
£266K02/230.44 mi30, Burnham Gardens, Croydon, Greater London CR0 6NP2
£265K01/230.45 mi42, Burnham Gardens, Croydon, Greater London CR0 6NP2
£329.2K06/210.45 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£340K02/210.45 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£367.5K09/210.46 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£320K12/200.47 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£327K12/200.5 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£334K07/230.51 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£255K07/230.54 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£337.5K12/200.57 mi74, Dartnell Road, Croydon, Greater London CR0 6JA2
£375K03/210.58 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£326K09/210.59 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£352K06/210.61 mi8a, Vincent Road, Croydon, Greater London CR0 6ED2
£292.5K02/230.64 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£262K03/210.74 mi18, Brampton Road, Croydon, Greater London CR0 6JN2
£259.5K01/210.74 mi32, Brampton Road, Croydon, Greater London CR0 6JN2
£260K02/210.76 mi58, Woodside Green, London, Greater London SE25 5EU2
£270K08/230.78 mi60, Manning Gardens, Croydon, Greater London CR0 7DU2
£265K11/200.78 mi39, Manning Gardens, Croydon, Greater London CR0 7DU2
£280K02/210.78 mi66, Manning Gardens, Croydon, Greater London CR0 7DU2
£200K06/210.84 mi7, Coe Avenue, London, Greater London SE25 5HN2
£245K12/210.85 mi15, Hardcastle Close, Croydon, Greater London CR0 6XQ2
£310K05/230.94 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.94 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.94 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.94 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£345K03/210.99 mi197, Woodside Green, London, Greater London SE25 5EN2
£294K03/230.99 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.03 miOutram Road, Croydon, CR02
£2,75004/250.03 mi-2
£1,50012/240.04 miOutram Road, CR02
£1,59502/240.04 mi-2
£1,59502/240.04 mi-2
£2,30004/250.05 mi-2
£3,00004/250.05 mi-2
£1,40012/240.05 miCollege Court 2
£1,40012/240.05 miAshburton Road, Addiscombe2
£1,77712/240.07 mi-2
£1,45012/240.08 miAddiscombe Road, Croydon, CR02
£1,32512/240.09 miHavelock Road, Croydon, CR02
£1,53002/250.09 mi-2
£1,40004/250.09 mi-2
£1,50012/240.1 miAddiscombe Road, Croydon2
£1,55012/240.11 mi2 Bedroom Flat To Let in Croydon2
£1,60012/240.11 miAddiscombe Road, Croydon, CR02
£1,55012/240.11 miSt. Davids Court, 100 Outram Road, Croydon, CR02
£1,60002/250.12 mi-2
£1,55012/240.12 miCecil Court, Addiscombe Road, Croydon, CR02
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55003/250.12 mi-2
£1,55012/240.14 miAshburton Road, Croydon, Surrey, CR02
£1,60012/240.14 miElgin Road, Croydon, CR02
£1,25002/250.15 mi-2
£1,70004/250.16 mi-2
£1,70002/240.17 mi-2
£1,39512/240.17 miLynden Hyrst, East Croydon2
£1,60012/240.17 miLynden Hyrst, Addiscombe Road2
£1,55012/240.17 miLower Addiscombe Road, Addiscombe, CR02
£1,60012/240.18 miHamilton Court, 66 Ashburton Road, Croydon, CR02
£2,10003/250.19 mi-2
£1,85002/250.19 mi-2
£1,65002/250.2 mi-2
£1,60012/240.2 miAddiscombe Road, Croydon, CR02
£1,50012/240.21 miSullivan Court, Croydon, Surrey, CR02
£1,85001/250.22 mi-2
£1,85012/240.23 miRadcliffe Road, East Croydon2
£1,50012/240.23 miLower Addiscombe Road, Croydon, Surrey, CR02
£1,40002/250.23 mi-2
£1,29504/250.23 mi-2
£1,45012/240.25 mi-2
£1,40012/240.26 mi135 Addiscombe Road, Croydon, CR0 6SJ2
£1,50002/250.27 mi-2
£2,40004/250.27 mi-2
£1,60012/240.27 miBishops Court, Croydon Croydon CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.52 miles away

Nearest school

0.50 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 £300,000

July 22, 2024

Floor Plans

Description

  • Stunning period property +
  • Chain free +
  • En suite bathroom +
  • East India Conservation area +
  • Excellent transport links into The City +
  • EPC rating: D +

Oaks Estate Agents are delighted to present to the market this bright and spacious two-bedroom first floor apartment.

Finished to an immaculate standard from top to bottom, Outram Road is light and airy throughout and benefits from an impressive amount of modern-day living space.

This stunning apartment, suitable for both a first-time buyer or buy-to-let investor, comprises; two double bedrooms with the master bedroom benefiting with an ensuite bathroom, open plan fitted kitchen/reception room, contemporary bathroom suite and sold with no onwards chain.

In addition to the excellent transport links, a wide array of popular local amenities is nearby on the thriving Lower Addiscombe Road, including a traditional butcher, florist, and greengrocer along with all the essential local amenities.

Outram Road is also perfectly positioned to enjoy all that Croydon has to offer. The town centre is nearby and is home to House of Fraser, Marks and Spencer and many other popular retail outfits. Boxpark is situated close by and is packed with effervescent local residents and commuters devouring tasty and refreshing food and drinks served by both independently owned boutiques and popular large franchises.

We thoroughly recommend contacting us at the earliest opportunity to avoid disappointment.

Agent Details

Oaks Estate Agents, Croydon

020 3910 6448

Next Steps?

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