2 Bed Bungalow, Refurb/BRRR, Croydon, CR0 7PX, £545,000

67 Woodmere Avenue, Croydon, Greater London, CR0 7PX - 2 views - 8 months ago

Sold STC
Refurb/BRRR
101 m²
+7 photos

ValuationUndervalued

Sold Prices£320K - £670K
Sold Prices/m²£4K/m² - £10.1K/m²

 

 

Square Metres

101 m²
Price/m²£5.4K/m²

Value Estimate

£561,350
BMV3%

 

 

End Value (After Refurb)

£600,684

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£136,250

Stamp Duty & Legal Fees

£32,300

Refurb Costs

£53,383

Bridging Loan Interest

£14,306

Total Cash In

£237,990

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£600,684

Mortgage (After Refinance)

£450,513

Mortgage LTV

75%

Cash Released

£41,763

Cash Left In

£196,227

Equity

£150,171

Rent Range

£1,400 - £2,350

Rent Estimate

£1,778

Running Costs/mo

£2,253

Cashflow/mo

£-475

Cashflow/yr

£-5,697

Gross Yield

4%

Local Sold Prices

46 sold prices from £320K to £670K, average is £415K. £4K/m² to £10.1K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£494K06/210.05 mi2, Mere End, Croydon, Greater London CR0 7PS2
£494K06/210.05 mi9, Mere End, Croydon, Greater London CR0 7PS2
£460K02/230.18 mi4, Laburnum Gardens, Croydon, Greater London CR0 8XY2
£420K10/200.18 mi13, Cornflower Lane, Croydon, Greater London CR0 8XJ2
£475K12/200.19 mi11, Tower View, Croydon, Greater London CR0 7PY2
£330K03/210.24 mi16, Marigold Way, Croydon, Greater London CR0 8YD2
£525K08/210.28 mi11, High Trees, Croydon, Greater London CR0 7UR2
£670K10/220.28 mi1, High Trees, Croydon, Greater London CR0 7UR2
£459K03/210.31 mi1, Firsby Avenue, Croydon, Greater London CR0 8TP2
£550K06/210.43 mi1a, Oakview Grove, Croydon, Greater London CR0 7QX2
£395K11/210.44 mi35, Watlings Close, Croydon, Greater London CR0 7XQ2
£370K01/210.46 mi32, Watlings Close, Croydon, Greater London CR0 7XQ2
£345K12/200.5 mi17, Peregrine Gardens, Croydon, Greater London CR0 8UE2
£470K06/210.5 mi14, Chaffinch Avenue, Croydon, Greater London CR0 7SE2
£460K01/230.53 mi15, Freshfields, Croydon, Greater London CR0 7QS2
£567.5K06/230.6 mi9, Inwood Close, Croydon, Greater London CR0 8BP2
£510K01/210.6 mi2, Inwood Close, Croydon, Greater London CR0 8BP2
£360K11/210.62 mi1, Rusthall Close, Croydon, Greater London CR0 7YH2
£325K01/210.65 mi16, Ritchie Road, Croydon, Greater London CR0 7AU2
£473K03/210.66 mi20, Addisons Close, Croydon, Greater London CR0 8DX2
£323K11/210.67 mi32, Ritchie Road, Croydon, Greater London CR0 7AU2
£342K07/230.68 mi55, Ritchie Road, Croydon, Greater London CR0 7AW2
£523K03/210.71 mi229, Orchard Way, Beckenham, Greater London BR3 3EL2
£415K11/200.72 mi1, Elmdene Close, Beckenham, Greater London BR3 3EX2
£342.5K03/210.76 mi9, St Lukes Close, London, Greater London SE25 4SX2
£400K07/230.76 mi9, St Lukes Close, London, Greater London SE25 4SX2
£401K01/230.77 mi22, St Lukes Close, London, Greater London SE25 4SX2
£380K08/210.8 mi89a, Woodside Road, London, Greater London SE25 5DP2
£385K04/210.8 mi85, Woodside Road, London, Greater London SE25 5DP2
£444K08/220.83 mi98, Macclesfield Road, London, Greater London SE25 4RX2
£640K03/230.87 mi69, Shirley Way, Croydon, Greater London CR0 8PL2
£345K11/200.87 mi20, Stroud Road, London, Greater London SE25 5DR2
£421K01/230.89 mi36, Shirley Crescent, Beckenham, Greater London BR3 4AZ2
£385.4K08/210.89 mi43, Shirley Crescent, Beckenham, Greater London BR3 4AZ2
£360K02/230.89 mi4, Shirley Crescent, Beckenham, Greater London BR3 4AZ2
£430K07/220.9 mi3, Elmers Road, London, Greater London SE25 5DS2
£382.5K03/230.9 mi34, Elmers Road, London, Greater London SE25 5DS2
£360K01/210.9 mi34, Elmers Road, London, Greater London SE25 5DS2
£362K06/210.91 mi10, Salisbury Road, London, Greater London SE25 5DU2
£415K10/210.93 mi38, Woodside Court Road, Croydon, Greater London CR0 6RU2
£440K01/210.93 mi51, Dundee Road, London, Greater London SE25 4QN2
£407K02/230.96 mi48, Upper Elmers End Road, Beckenham, Greater London BR3 4AN2
£340K02/210.98 mi9, Dickensons Place, London, Greater London SE25 5HL2
£320K06/210.98 mi25, Cobden Road, London, Greater London SE25 5NY2
£415K11/200.99 mi70, Oakley Road, London, Greater London SE25 4XQ2
£455K01/231 mi65, Coniston Road, Croydon, Greater London CR0 6LQ2

Local Rents

26 rents from £1.4K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.15 miKingcup Close, Shirley Oaks Village2
£1,80012/240.25 miBasil Gardens, Croydon, CR02
£2,00012/240.44 miBrookside Way, Shirley, CR02
£1,65012/240.44 miWatlings Close Croydon CR02
£1,50001/250.5 mi-2
£1,50012/240.55 miManning Gardens Croydon CR02
£1,45002/250.57 mi-2
£1,60003/240.57 mi-2
£1,40012/240.59 miCranwell Court Wickham Road, Shirley, Shirley, Surrey2
£1,90012/240.59 miWickham Road Croydon CR02
£1,80012/240.59 miWickham Road Shirley CR02
£1,80012/240.59 miWickham Road Croydon CR02
£1,80012/240.59 miWickham Road Shirley CR02
£1,95012/240.59 miWickham Road Shirley CR02
£2,10003/240.59 mi-2
£2,35004/240.59 mi-2
£1,80012/240.59 mi-2
£1,80001/250.59 mi-2
£1,95003/250.59 mi-2
£1,80012/230.59 mi-2
£1,80012/240.6 miCheston Avenue, Croydon, CR0 8DD2
£1,70012/240.61 miCheston Avenue, Shirley, CR02
£1,60012/240.61 miCheston Avenue, Shirley, Croydon, CR0 8DD2
£1,50012/240.61 miWickham Road, Croydon CR02
£1,95003/250.61 mi-2
£1,65003/250.62 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.25 miles away

Nearest school

0.40 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £545,000

August 13, 2024

Sold for £280,000

2009

Sold for £159,950

1998

Floor Plans

Description

  • Well Located Detached Bungalow +
  • Two Double Bedrooms +
  • Large Driveway & Garage +
  • Secluded Rear Garden +
  • 14'5 Dining Area +
  • 14' Lounge & 18'9 Conservatory +
  • Offered Chain Free +

Located on the popular Woodmere Avenue, this detached bungalow boasts two generously proportioned double bedrooms, both woth double bedrooms and an en-suite to the bedroom one. The spacious 14'5 dining area is open plan to the 14' lounge, offering a harmonious flow throughout the home. An additional highlight is the spacious 18'9 conservatory, creating a serene space to unwind and enjoy outlooks across the garden.

Enhancing the appeal of this residence is the large driveway and garage, providing ample parking and storage solutions. The secluded rear garden offers a private oasis, perfect for relaxing or entertaining. Offered chain-free, this property is a blank canvas, inviting prospective buyers to envisage the potential for personalisation and enhancement. With the possibility for extensions and renovations, this delightful home is ready to be someones dream home.

Location
The property is located on the ever popular, tree lined, grass verged Woodmere Avenue. This great location is ideally placed for many local amenities within this friendly neighbourhood, including......
* Handy Food & Wine Store on Woodmere Avenue
* Shops, Restaurants, Cafes and Supermarkets on nearby Wickham Road
* A Local Bus Route on The Glade to East Croydon Serving London Bridge, Victoria & Gatwick
* Woodside Tram Stop 0.80 of a mile if walking
* Schools Including Royal Russell, Trinity, Whitgift, Coloma and Orchard Academy
* Golf Courses Such As The Addington & Shirley Park
* Close to Open Grassland and Recreational areas

The Accommodation
**Porch **
**Entrance Hall **
Dining Area 4.37m (14'4") x 4.14m (13'7")
Lounge 4.28m (14') x 4.09m (13'5")
Kitchen 3.75m (12'4") x 2.49m (8'2")
Conservatory 5.72m (18'9") x 3.75m (12'4")
Bedroom 1 5.06m (16'7") into bay x 3.19m (10'6")
En-Suite Shower & WC
Bedroom 2 5.06m (16'7") into bay x 4.06m (13'4")
Bathroom 3.08m (10'1") x 1.83m (6')

EPC Rating: E

Agent Details

Allen Heritage, Shirley

020 3866 3803

Next Steps?

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