5 Bed Detached House, Refurb/BRRR, South Croydon, CR2 0LG, £1,000,000

5 The Ridge Way, Sanderstead, Surrey, CR2 0LG - 5 views - 8 months ago

Refurb/BRRR
~209 m²
+6 photos

ValuationOvervalued

Sold Prices£467K - £1.3M
Sold Prices/m²£2.9K/m² - £10.5K/m²

 

 

Square Metres

~209.40 m²
Price/m²£4.8K/m²

Value Estimate

£859,809

 

 

End Value (After Refurb)

£1,096,465

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£72,450

Refurb Costs

£110,810

Bridging Loan Interest

£26,250

Total Cash In

£461,260

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,096,465

Mortgage (After Refinance)

£822,348

Mortgage LTV

75%

Cash Released

£72,348

Cash Left In

£388,911

Equity

£274,116

Rent Range

£1,750 - £4,500

Rent Estimate

£3,039

Running Costs/mo

£4,054

Cashflow/mo

£-1,015

Cashflow/yr

£-12,183

Gross Yield

4%

Local Sold Prices

37 sold prices from £467K to £1.3M, average is £825K. £2.9K/m² to £10.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£1.2M06/210.09 mi48, West Hill, South Croydon, Greater London CR2 0SA5
£808K03/210.14 mi38, Ellenbridge Way, South Croydon, Greater London CR2 0EU5
£775K11/210.21 mi7a, Beechwood Road, South Croydon, Greater London CR2 0AE5
£1.1M04/210.22 mi3, Hook Hill, South Croydon, Greater London CR2 0LB5
£930K03/230.28 mi76, Beechwood Road, South Croydon, Greater London CR2 0AA5
£1.1M07/230.35 mi26, Brambledown Road, South Croydon, Greater London CR2 0BL5
£1.1M06/230.36 mi6, Arkwright Road, South Croydon, Greater London CR2 0LD5
£865K02/210.47 mi7, Downsway, South Croydon, Greater London CR2 0JB5
£760K05/230.47 mi41, Briton Crescent, South Croydon, Greater London CR2 0JN5
£810K01/230.47 mi112, Norfolk Avenue, South Croydon, Greater London CR2 8BS5
£795K02/210.51 mi70, Penwortham Road, South Croydon, Greater London CR2 0QS5
£825K05/210.53 mi7, Croham Mount, South Croydon, Greater London CR2 0BR5
£900K03/210.53 mi6, Croham Mount, South Croydon, Greater London CR2 0BR5
£820K11/210.53 mi131, Norfolk Avenue, South Croydon, Greater London CR2 8BY5
£677.5K11/200.54 mi74, Ridge Langley, South Croydon, Greater London CR2 0AR5
£500K04/210.6 mi28, Grange Road, South Croydon, Greater London CR2 0NA5
£927K01/230.63 mi84, Purley Downs Road, South Croydon, Greater London CR2 0RB5
£876K04/210.66 mi32, Langley Oaks Avenue, South Croydon, Greater London CR2 8DH5
£607.5K01/210.68 mi467, Brighton Road, South Croydon, Greater London CR2 6EW5
£690K07/230.68 mi242, Selsdon Road, South Croydon, Greater London CR2 7AA5
£850K11/200.71 mi9, Hurst Way, South Croydon, Greater London CR2 7AP5
£725K06/210.71 mi21, Lismore Road, South Croydon, Greater London CR2 7QA5
£652.5K12/220.72 mi240, Selsdon Road, South Croydon, Greater London CR2 7AA5
£740K06/210.74 mi9, Norfolk Avenue, South Croydon, Greater London CR2 8BT5
£1.3M01/230.78 mi3, Winchelsey Rise, South Croydon, Greater London CR2 7BP5
£978.3K06/230.79 mi24, Winchelsey Rise, South Croydon, Greater London CR2 7BN5
£890K10/210.8 mi1, Coningsby Road, South Croydon, Greater London CR2 6QQ5
£1.1M07/230.81 mi12, Manor Gardens, South Croydon, Greater London CR2 7BU5
£584K10/200.84 mi53, Upper Selsdon Road, South Croydon, Greater London CR2 8DG5
£608K12/200.84 mi96, Purley Park Road, Purley, Greater London CR8 2BT5
£970K03/210.85 mi14, Manor Way, South Croydon, Greater London CR2 7BR5
£990K01/230.87 mi10, Manor Way, South Croydon, Greater London CR2 7BQ5
£725K06/210.87 mi52, Farley Road, South Croydon, Greater London CR2 7ND5
£725K10/200.88 mi9, Ferns Close, South Croydon, Greater London CR2 8RG5
£895K06/210.96 mi59, Brancaster Lane, Purley, Greater London CR8 1HL5
£929K06/210.97 mi4, Harman Place, Purley, Greater London CR8 1AX5
£467K02/211 mi4, Knighton Close, South Croydon, Greater London CR2 6DP5

Local Rents

22 rents from £1.8K/mo to £4.5K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.21 miSanderstead, South Croydon4
£2,95012/240.23 miTrinity Close, CR34
£4,40012/240.26 miSouth Croydon, CR25
£2,15012/240.29 miElmfield Way, South Croydon3
£3,15012/240.29 miSouth Croydon, CR25
£4,30012/240.34 mi6 Elmfield Way CR2 0ED5
£4,50012/240.36 miCR2 0LL6
£4,50012/240.36 miArkwright Road, Croydon, South Croydon, CR26
£2,25012/240.37 miArkwright Road South Croydon CR23
£3,25012/240.38 miSanderstead, Surrey3
£2,25012/240.39 miBriton Hill Road, South Croydon3
£2,40012/240.39 miBriton Hill Road, South Croydon3
£1,85012/240.39 miKendall Avenue3
£3,50002/250.39 mi-5
£2,80002/250.39 mi-3
£3,75012/240.52 miPurley Downs Road, Sanderstead, Surrey, CR2 0RH5
£3,75012/240.52 miPurley Downs Road, South Croydon5
£3,75012/240.53 miPurley Downs Road South Croydon CR25
£2,25012/240.54 miRidge Langley, Sanderstead, Surrey, CR2 0AP3
£1,75002/250.54 mi-3
£1,85002/250.55 mi-3
£3,00012/240.59 mi4 bedroom Detached House in Sanderstead4

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £1,000,000

August 14, 2024

Floor Plans

Description

  • No Onward Chain +
  • Five Bedrooms +
  • Double Fronted Detached Family Home +
  • Three Reception Rooms +
  • In Need Of Modenisation +
  • Potential To Extend Subject To Approval +
  • Plot Extending To Over 140 Ft. Long +
  • Close To Sanderstead Village +
  • Double Garage +

No Onward Chain
An attractive double fronted five bedroom detached family home boasting 2254 square ft. of flexible accommodation arranged over three floors. In need of modernisation and is situated on one of Sanderstead's most sought after tree lined residential roads. EPC Rating D. Council Tax Band G.

The property briefly comprises;
Entrance hall with downstairs cloakroom, spacious triple aspect living room, conservatory overlooking garden, dining room with bay window, 18'9 kitchen/breakfast room. The first floor features three double bedrooms and two bathrooms with separate WC. The top floor has two further double bedrooms with vast eaves storage.
The total plot size measure approx. over 140 ft. long, the mature rear gardens are mainly laid to lawn with several shrub, plant and tree borders. The front provides off street parking for several cars and double garage to the side. The property offers potential to extend subject to planning and regulations.

The Ridge Way is located off West Hill Road being one of Sanderstead's prestigious roads located within reach of Sanderstead station with connections to London Bridge and Victoria. There is a good choice of schools in both the private and state sector including Ridgeway, Whitgift, Trinity, Croydon High and Croham Hurst together with a choice of tennis, cricket and golf clubs, churches and walks in Croham Hurst Woods.

Agent Details

Pollard Machin, Sanderstead

020 3872 5487

Next Steps?

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