3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 6HN, £455,000

Lindfield Road, Addiscombe, CR0 6HN - 8 months ago

Refurb/BRRR
ROI: 2%
~71 m²
+5 photos

ValuationOvervalued

Sold Prices£340K - £585K
Sold Prices/m²£3.2K/m² - £7.1K/m²

 

 

Square Metres

~70.88 m²
Price/m²£6.4K/m²

Value Estimate

£352,100

 

 

End Value (After Refurb)

£415,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£113,750

Stamp Duty & Legal Fees

£34,200

Refurb Costs

£37,464

Bridging Loan Interest

£11,944

Total Cash In

£199,107

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£415,000

Mortgage (After Refinance)

£311,250

Mortgage LTV

75%

Cash Left In

£199,107

Equity

£103,750

Rent Range

£1,625 - £3,000

Rent Estimate

£2,086

Running Costs/mo

£1,734

Cashflow/mo

£352

Cashflow/yr

£4,223

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £340K to £585K, average is £465K. £3.2K/m² to £7.1K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£495K12/210.02 mi7, Lindfield Road, Croydon, Greater London CR0 6HN3
£495K07/230.06 mi22, Westbourne Road, Croydon, Greater London CR0 6HP3
£400K12/200.08 mi68, Northway Road, Croydon, Greater London CR0 6JF3
£510K01/230.08 mi25, Westbourne Road, Croydon, Greater London CR0 6HQ3
£415K12/200.09 mi20, Davies Close, Croydon, Greater London CR0 6EX3
£480K06/230.1 mi99, Northway Road, Croydon, Greater London CR0 6JJ3
£492K10/210.12 mi35, Alderton Road, Croydon, Greater London CR0 6HH3
£375K04/210.13 mi14, Laurier Road, Croydon, Greater London CR0 6JQ3
£425K07/230.13 mi24, Laurier Road, Croydon, Greater London CR0 6JQ3
£475K05/230.15 mi85, Alderton Road, Woodside, Croydon, Greater London CR0 6HL3
£400K02/210.16 mi41, Dominion Road, Croydon, Greater London CR0 6JP3
£495K01/230.17 mi51, Malcolm Road, London, Greater London SE25 5HE3
£465K03/230.17 mi53, Malcolm Road, London, Greater London SE25 5HE3
£467.5K11/200.18 mi47, Malcolm Road, London, Greater London SE25 5HE3
£417K02/230.23 mi95, Exeter Road, Croydon, Greater London CR0 6EL3
£375.6K01/210.24 mi30, Dalmally Road, Croydon, Greater London CR0 6LS3
£465K01/210.26 mi11, Dalmally Road, Croydon, Greater London CR0 6LU3
£435K11/200.26 mi570, Davidson Road, Croydon, Greater London CR0 6DG3
£440K03/230.28 mi64, Rymer Road, Croydon, Greater London CR0 6EE3
£420K09/210.29 mi81, Rymer Road, Croydon, Greater London CR0 6EF3
£565K01/230.29 mi18, Coniston Road, Croydon, Greater London CR0 6LN3
£490K11/210.3 mi34, Dickensons Lane, London, Greater London SE25 5HS3
£500K10/210.3 mi15, Amberley Grove, Croydon, Greater London CR0 6ND3
£555K01/230.31 mi73, Exeter Road, Croydon, Greater London CR0 6EL3
£420K07/230.31 mi38, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£495K03/210.31 mi2, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£340K06/210.31 mi16e, Salisbury Road, London, Greater London SE25 5DU3
£437.5K04/210.32 mi151, Dalmally Road, Croydon, Greater London CR0 6LZ3
£475K09/210.34 mi61, Teevan Road, Croydon, Greater London CR0 6RQ3
£450K03/230.34 mi37, Highbarrow Road, Croydon, Greater London CR0 6LD3
£465K01/210.35 mi12, Addiscombe Avenue, Croydon, Greater London CR0 6LH3
£500K06/230.36 mi13, Stroud Road, London, Greater London SE25 5DR3
£423.5K11/210.36 mi96, Capri Road, Addiscombe, Croydon, Greater London CR0 6LF3
£585K01/230.36 mi42, Teevan Road, Croydon, Greater London CR0 6RN3
£444.5K06/210.36 mi9, Stroud Road, London, Greater London SE25 5DR3
£460K02/230.37 mi65, Stretton Road, Croydon, Greater London CR0 6ES3
£468.5K12/200.38 mi21, Stretton Road, Croydon, Greater London CR0 6EQ3
£465K06/230.38 mi1, Stretton Road, Croydon, Greater London CR0 6EQ3
£480K02/230.38 mi74, Woodside Court Road, Croydon, Greater London CR0 6RU3
£485.8K02/230.38 mi58, Woodside Court Road, Croydon, Greater London CR0 6RU3
£405K06/210.39 mi185, Davidson Road, Croydon, Greater London CR0 6DP3
£490K08/210.39 mi41, Teevan Road, Croydon, Greater London CR0 6RP3
£515K05/230.39 mi143, Birchanger Road, London, Greater London SE25 5BH3
£430K06/210.39 mi9, Windermere Road, Croydon, Greater London CR0 6PP3
£450K04/210.4 mi3, Blackhorse Lane, Croydon, Greater London CR0 6RT3
£435K09/210.4 mi4, Windermere Road, Croydon, Greater London CR0 6PP3
£382.5K06/210.42 mi2, Sutton Gardens, Croydon, Greater London CR0 6DX3
£490K01/210.43 mi53, Wydehurst Road, Croydon, Greater London CR0 6NJ3
£446K03/210.43 mi2, Blackhorse Lane, Croydon, Greater London CR0 6RS3
£479K03/210.43 mi13, Wydehurst Road, Croydon, Greater London CR0 6NJ3

Local Rents

50 rents from £1.6K/mo to £3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,25012/240.05 miNorthway Road, Addiscombe3
£2,40004/250.08 mi-3
£2,20012/240.1 miNorthway Road3
£2,20012/240.1 miNorthway Road, Croydon, CR03
£2,10001/250.1 mi-3
£2,20002/240.1 mi-3
£2,20012/240.11 miNorthway Road, Croydon, CR03
£1,85004/250.12 mi-3
£2,40012/240.15 mi-3
£1,85012/240.16 miBeckford Road, Addiscombe, CR03
£1,95012/240.17 miMorland Road, Addiscombe, CR03
£2,20012/240.18 miDavidson Road, Croydon, CR03
£2,20003/250.18 mi-3
£2,20003/250.19 mi-3
£2,00004/250.21 mi-3
£1,70012/240.22 mi-3
£1,90012/240.3 miExeter Road, Addiscombe3
£2,30012/240.32 mi-3
£1,90012/240.32 miExeter Road, Croydon, CR03
£2,00008/240.36 miBirchanger Road, South Norwood3
£1,98503/240.38 mi-3
£2,25012/240.38 miBlackhorse Lane, Croydon, Surrey3
£1,75012/240.39 mi-3
£1,80012/240.4 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.4 miSundridge Road, Addiscombe, Croydon3
£2,00012/240.42 mi-3
£2,15012/240.42 miSutton Gardens, CROYDON3
£2,00012/240.43 miDavidson Road, Croydon, CR03
£2,30012/240.43 mi-3
£2,05012/240.43 miSundridge Road, Croydon, CR03
£1,75012/240.45 mi-3
£1,75003/250.47 mi-3
£2,10011/230.49 miTennison Road, London, SE253
£2,20008/240.49 miPercy Road London SE253
£2,20002/250.5 mi-3
£2,20008/240.5 mi-3
£2,10008/240.5 miSidney Road, London, SE253
£1,95012/240.5 miDavidson Road, Croydon, CR03
£1,95012/240.5 miDavidson Road, Croydon, CR03
£2,40002/250.51 mi-3
£1,95001/250.52 mi-3
£3,00004/250.52 mi-3
£1,95012/240.53 miDavidson Road, Croydon, CR03
£1,95012/240.53 miDavidson Road, Croydon, CR03
£2,00008/240.54 mi-3
£2,00008/240.54 miSidney Road, London, SE253
£2,20012/240.54 mi-3
£1,62502/240.54 mi-3
£1,62503/240.54 mi-3
£2,30012/240.54 miAlexandra Road, Croydon, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £455,000

February 8, 2025

Listed for £465,000

August 9, 2024

Floor Plans

Description

  • Modernisation Required +
  • Semi Detached +
  • Excellent Tranpsport Links +
  • Easy to Maintain Garden +
  • Chain Free +
  • Garage +
  • Shared Driveway +
  • Close to Amenities +
  • Upstairs Bathroom +
  • Perfect Family Home +

Located on Lindfield Road in the residential area of Addiscombe, this spacious semi detached house is a fantastic opportunity for those willing to add their own touch to a property.

In need of modernisation, this property offers a blank canvas for a buyer to create their dream home. Boasting a cul-de-sac location, this property is ideal for those seeking peace and quiet.

Downstairs, the property features a kitchen and an open living/dining area which leads out to the low maintenance garden with access to the garage. Upstairs, you will find two spacious double bedrooms, a good sized single bedroom and a bathroom.

In terms of location, this property is conveniently situated close to the Blackhorse Lane tram stop, providing frequent services to East Croydon. Additionally, Norwood Junction is within walking distance, offering further transport connections.

This chain-free property is perfect for those looking to renovate and make their mark on a property in a highly sought-after location.

Don't miss out on this exciting opportunity - contact us today to arrange a viewing.

Council Tax Band- D

Mobile coverage

EE: Orange
Vodafone: Orange
Three: Orange
O2: Orange

Predicted Broadband Speeds:

Basic: 16 Mbps
Superfast: 80 Mbps
Ultrafast: 1000 Mbps

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

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 💪