4 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 7HP, £650,000

Annandale Road, Addiscombe, CR0 7HP - 3 views - 9 months ago

Refurb/BRRR
Planning
ROI: 2%
~129 m²
+9 photos

ValuationOvervalued

Sold Prices£425K - £1.2M
Sold Prices/m²£3.5K/m² - £8.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£551,508

 

 

End Value (After Refurb)

£573,061

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£68,319

Bridging Loan Interest

£17,063

Total Cash In

£290,331

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£573,061

Mortgage (After Refinance)

£429,796

Mortgage LTV

75%

Cash Left In

£290,331

Equity

£143,265

Rent Range

£1,750 - £5,000

Rent Estimate

£2,744

Running Costs/mo

£2,360

Cashflow/mo

£384

Cashflow/yr

£4,613

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £425K to £1.2M, average is £635K. £3.5K/m² to £8.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£675K06/210.06 mi4, Cheyne Walk, Croydon, Greater London CR0 7HG4
£725K03/210.1 mi2, Carlyle Road, Croydon, Greater London CR0 7HN4
£850K02/230.12 mi305, Addiscombe Road, Croydon, Greater London CR0 7LE4
£720K08/210.14 mi79, Selwood Road, Croydon, Greater London CR0 7JW4
£690K05/230.2 mi339, Addiscombe Road, Croydon, Greater London CR0 7LF4
£620K09/210.23 mi33, Sefton Road, Croydon, Greater London CR0 7HS4
£685K04/230.24 mi10, Whitethorn Gardens, Croydon, Greater London CR0 7LL4
£1.1M05/210.29 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£1.2M06/210.32 mi27, Mapledale Avenue, Croydon, Greater London CR0 5TG4
£1.1M04/210.32 mi4, Grimwade Avenue, Croydon, Greater London CR0 5DG4
£560K03/210.33 mi51, Bingham Road, Croydon, Greater London CR0 7EG4
£492.5K01/210.37 mi24, Craigen Avenue, Croydon, Greater London CR0 7JL4
£665K06/210.37 mi387, Addiscombe Road, Croydon, Greater London CR0 7LJ4
£570K03/210.37 mi23, Baring Road, Croydon, Greater London CR0 7DD4
£520K03/230.39 mi2, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE4
£687.5K02/230.4 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£945K07/210.41 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£500K06/210.44 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£540.5K04/210.44 mi33, Sundridge Road, Croydon, Greater London CR0 6RL4
£575K09/210.44 mi59, Fernhurst Road, Croydon, Greater London CR0 7DJ4
£605K11/200.48 mi22, Teevan Road, Croydon, Greater London CR0 6RN4
£480K01/210.5 mi46, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£475K06/210.5 mi14, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£540K05/210.51 mi29, Kingscote Road, Croydon, Greater London CR0 7DP4
£506.3K11/210.52 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£462K05/210.57 mi389, Lower Addiscombe Road, Croydon, Greater London CR0 6RJ4
£476K10/210.62 mi27, Dalmally Road, Croydon, Greater London CR0 6LU4
£705K03/230.66 mi40, Barnfield Avenue, Shirley, Croydon, Greater London CR0 8SE4
£835K12/220.66 mi22, Eldon Avenue, Croydon, Greater London CR0 8SD4
£805K12/200.66 mi21, Eldon Avenue, Croydon, Greater London CR0 8SD4
£605K06/210.68 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£520K01/210.69 mi19, Wickham Road, Croydon, Greater London CR0 8TA4
£445K12/200.7 mi239, Morland Road, Croydon, Greater London CR0 6HE4
£810K06/230.7 mi4, Tanglewood Close, Croydon, Greater London CR0 5HX4
£670K05/230.72 mi40, Selborne Road, Croydon, Greater London CR0 5JQ4
£805K11/200.72 mi30, Selborne Road, Croydon, Greater London CR0 5JQ4
£425K10/210.72 mi15, Brownlow Road, Croydon, Greater London CR0 5JT4
£570K11/210.73 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£490K08/210.73 mi325, Morland Road, Croydon, Greater London CR0 6HF4
£650K02/210.74 mi151, Shirley Avenue, Croydon, Greater London CR0 8SQ4
£680K11/210.75 mi12, Shirley Church Road, Croydon, Greater London CR0 5EE4
£707.5K02/210.75 mi40, Brownlow Road, Croydon, Greater London CR0 5JT4
£461.5K09/210.76 mi95, Alderton Road, Croydon, Greater London CR0 6HL4
£435K11/210.76 mi41, Alderton Road, Croydon, Greater London CR0 6HL4
£810K06/210.77 mi14, Mill View Gardens, Croydon, Greater London CR0 5HW4
£785K06/210.77 mi20, Mill View Gardens, Croydon, Greater London CR0 5HW4
£740K01/230.78 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£480K09/210.78 mi23, Stroud Road, London, Greater London SE25 5DR4
£570K06/230.79 mi17, Primrose Lane, Croydon, Greater London CR0 8YL4
£891K03/210.8 mi10, Oaks Road, Croydon, Greater London CR0 5HL4

Local Rents

48 rents from £1.8K/mo to £5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£3,30012/240.06 miCheyne Walk, Croydon, CR04
£3,70012/240.06 miAddiscombe Road, Croydon, CR05
£3,30012/240.07 miCheyne Walk, Croydon, CR04
£4,25003/250.13 mi-4
£2,80003/250.19 mi-4
£2,20012/240.24 miCompton Road, Addiscombe, CR03
£4,00012/240.25 miUpfield, Croydon, CR04
£4,00012/240.25 miUpfield, Croydon, CR04
£4,00012/240.25 miUpfield, Croydon, CR04
£4,00012/240.25 miUpfield, Croydon, CR04
£3,50003/240.37 mi-5
£3,50004/250.37 mi-5
£3,60003/250.38 mi-5
£3,50003/250.38 mi-5
£4,50012/240.38 mi-8
£2,60004/250.38 mi-3
£4,25012/240.38 miCroydon, CR05
£2,50002/250.41 mi-4
£2,50002/250.41 mi-4
£2,60012/240.43 miFernhurst Road, Croydon, CR05
£2,05012/240.44 miSundridge Road, Croydon, CR03
£2,15012/240.45 miBracewood Gardens, Croydon, CR04
£2,15002/240.45 mi-4
£1,80012/240.46 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.46 miSundridge Road, Addiscombe, Croydon3
£2,15012/240.47 miBracewood Gardens, Croydon, CR04
£5,00012/240.51 mi-6
£2,40002/240.52 mi-4
£2,30003/240.54 mi-5
£1,75012/240.54 mi-3
£1,98503/240.55 mi-3
£2,00012/240.55 mi-3
£2,50004/250.57 mi-3
£2,40012/240.58 miTeevan Road, Croydon, Surrey, CR04
£2,25012/240.58 miBlackhorse Lane, Croydon, Surrey3
£2,00012/240.59 miTunstall Road, CROYDON3
£2,00012/240.59 miTunstall Road, Croydon CR03
£2,20012/240.59 miWydehurst Road4
£2,70002/250.59 mi-4
£2,10012/240.6 miTurnpike Link, Croydon, CR03
£3,50012/240.6 miTurnpike Link, Croydon, Surrey4
£2,20012/240.6 miAddiscombe Court Road, Croydon, CR03
£1,97504/250.61 mi-3
£2,20012/240.61 miShirley Road, Croydon, CR03
£2,30004/250.61 mi-3
£2,00012/240.61 miAddiscombe Road, Croydon, CR0 6SA3
£2,00004/250.62 mi-3
£2,30012/240.62 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.36 miles away

Nearest school

0.40 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £650,000

July 24, 2024

Floor Plans

Description

  • Four Bedrooms +
  • Semi Detached +
  • Spacious Family Home +
  • In Need Of Modernisation +
  • Potential To Extend (STPP) +
  • Rarely Available +
  • Close To Excellent Transport Links +
  • Close To Well Regarded Schools +
  • No Onward Chain +
  • Garage +

Located in the sought-after area of Addiscombe, this chain free semi-detached family home is the perfect opportunity for those seeking a project to create their dream property. In need of modernisation, this spacious home offers endless potential for renovation and extension, subject to obtaining the necessary planning permissions.

Upon entering, you are greeted by a larger than average entrance hall leading into a spacious front reception room, rear dining room, breakfast room, and fitted kitchen. The ground floor also boasts a convenient downstairs WC. Upstairs, you will find three double bedrooms, a most spacious single bedroom, a first-floor shower room, and a separate WC.

Outside, this property impresses with off-street parking, a garage to the side, and a large rear garden offering scope for further extension (subject to planning permission). Perfect for families, the property sits within easy reach of well-regarded schools including Trinity and Coloma.

Conveniently located close to various shops and amenities, excellent transport links, and nearby outside spaces such as Addiscombe Recreation Ground and Lloyd Park, this property offers the perfect balance of convenience and tranquility.

Don't miss out on this fantastic opportunity - book your viewing with Cray & Norton today to truly appreciate the potential this property has to offer.

Predicted Broadband Speeds

Basic: 17 Mbps
Superfast: 45 Mbps
Ultrafast: 1000 Mbps

Satellite / Fibre TV Availability to include BT, Sky & Virgin

EE: Green
Vodaphone: Amber
Three: Amber
O2: Amber

Cray & Norton Estate Agents, their clients and any joint agents give Notice that they have no authority to make or give any representations on warranties in relation to the property. Any statements on which a purchaser wishes to rely must be checked through their solicitor or conveyancers. These Particulars do not form part of any offer or contract and must not be relied upon as statements or representation of fact. Any areas, measurements, dimensions are approximate and must be independently verified. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has necessary Planning, Building Regulation or other Consents. We have not tested any appliances, services, facilities or equipment and Purchasers must satisfy themselves as to their adequacy and condition. We have not investigated Title, or the existence of any Covenants or other legal matters which may affect the property.

Croydon Estate Agent
Croydon Letting Agent

Croydons Estate Agent
Croydons Letting Agent

Agent Details

Cray & Norton Estate Agents, Croydon

020 3889 9177

Next Steps?

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