3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 2XJ, £325,000

Hampton Road, Croydon, CR0 2XJ - 18 views - 7 months ago

Auction
Refurb/BRRR
ROI: 2%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£300K - £494K
Sold Prices/m²£3.3K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£334,750
BMV3%

 

 

End Value (After Refurb)

£447,778

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£49,155

Bridging Loan Interest

£8,531

Total Cash In

£155,386

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£447,778

Agent Fees (1%)

£4,478

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£44,164

Local Sold Prices

50 sold prices from £300K to £494K, average is £421.7K. £3.3K/m² to £6.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£325K06/210 mi3, Hampton Road, Croydon, Greater London CR0 2XJ3
£420.7K03/230.12 mi25, Tirrell Road, Croydon, Greater London CR0 2XD3
£390K11/200.17 mi165, Whitehorse Road, Croydon, Greater London CR0 2LJ3
£328.5K03/210.18 mi34, Beaconsfield Road, Croydon, Greater London CR0 2LL3
£425K06/210.2 mi2, Devonshire Road, Croydon, Greater London CR0 2JU3
£310K03/230.24 mi37, Cromwell Road, Croydon, Greater London CR0 2JZ3
£445K03/210.29 mi15, Greenwood Road, Croydon, Greater London CR0 2PN3
£332.5K07/210.29 mi8, Pitt Road, Croydon, Greater London CR0 2QN3
£405K03/230.3 mi64, Elmwood Road, Croydon, Greater London CR0 2SJ3
£377.5K04/210.34 mi24, Sandringham Road, Thornton Heath, Greater London CR7 7AX3
£358K09/210.35 mi22, Pitt Road, Thornton Heath, Greater London CR7 7BT3
£387.5K03/210.35 mi16, Pitt Road, Thornton Heath, Greater London CR7 7BT3
£455K06/230.37 mi12, Kynaston Crescent, Thornton Heath, Greater London CR7 7BS3
£400K11/200.38 mi110, Kynaston Avenue, Thornton Heath, Greater London CR7 7BW3
£447K10/210.38 mi11, Francis Road, Croydon, Greater London CR0 2RT3
£360K03/230.39 mi127, Bensham Lane, Thornton Heath, Greater London CR7 7EW3
£401K03/210.41 mi48, Kynaston Avenue, Thornton Heath, Greater London CR7 7BU3
£410K11/200.41 mi3, Grenaby Road, Croydon, Greater London CR0 2EJ3
£452K04/220.42 mi4, Kynaston Road, Thornton Heath, Greater London CR7 7AY3
£429.6K06/230.43 mi22, Saxon Road, London, Greater London SE25 5EQ3
£485K03/230.46 mi4, Broad Green Avenue, Croydon, Greater London CR0 2ST3
£430K10/220.46 mi42, Kynaston Road, Thornton Heath, Greater London CR7 7AY3
£300K06/210.47 mi49, Hathaway Road, Croydon, Greater London CR0 2TQ3
£367K03/210.47 mi18, Willow Wood Crescent, London, Greater London SE25 5PZ3
£485K12/220.5 mi79, Torridge Road, Thornton Heath, Greater London CR7 7EZ3
£412K12/200.5 mi49, Zermatt Road, Thornton Heath, Greater London CR7 7BL3
£422.6K05/230.5 mi37, Berne Road, Thornton Heath, Greater London CR7 7BJ3
£475K12/220.5 mi46, Berne Road, Thornton Heath, Greater London CR7 7BG3
£458K06/210.51 mi12, Berne Road, Thornton Heath, Greater London CR7 7BG3
£420K05/230.51 mi22, Berne Road, Thornton Heath, Greater London CR7 7BG3
£350K02/210.51 mi60, Berne Road, Thornton Heath, Greater London CR7 7BG3
£425K06/210.51 mi34, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BN3
£490K07/220.52 mi13, Newhaven Road, London, Greater London SE25 6JQ3
£340K05/210.53 mi30, Norman Road, Thornton Heath, Greater London CR7 7ED3
£450K06/230.53 mi6, Norman Road, Thornton Heath, Greater London CR7 7ED3
£440K12/200.54 mi123, Davidson Road, Croydon, Greater London CR0 6DN3
£375K01/210.55 mi66, Penshurst Road, Thornton Heath, Greater London CR7 7EB3
£375K01/210.55 mi66, Penshurst Road, Thornton Heath, Greater London CR7 7EB3
£380K10/210.56 mi89, Torridge Road, Thornton Heath, Greater London CR7 7EZ3
£405K06/210.57 mi185, Davidson Road, Croydon, Greater London CR0 6DP3
£430K05/210.57 mi37, Boswell Road, Thornton Heath, Greater London CR7 7RZ3
£437.5K10/200.58 mi26, Hurlstone Road, London, Greater London SE25 6JD3
£432.5K06/230.58 mi6, Boswell Road, Thornton Heath, Greater London CR7 7RY3
£450K10/210.58 mi34, Charnwood Road, London, Greater London SE25 6NU3
£425K01/230.58 mi5, Lucerne Road, Thornton Heath, Greater London CR7 7BB3
£494K06/210.59 mi99, Alexandra Road, Croydon, Greater London CR0 6EZ3
£395K07/230.59 mi34, Davidson Road, Croydon, Greater London CR0 6DB3
£440K04/210.6 mi53, Charnwood Road, London, Greater London SE25 6NT3
£436K07/210.6 mi75, Charnwood Road, London, Greater London SE25 6NT3
£472.4K03/230.6 mi8, Lucerne Road, Thornton Heath, Greater London CR7 7BA3

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.15 miPrincess Road, Croydon, CR03
£1,69503/250.16 mi-3
£2,00003/240.16 mi-3
£1,90002/240.18 mi-3
£2,20012/240.18 miBeaconsfield Road3
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,30012/240.24 miCoppice Yard, Croydon, CR03
£2,20012/240.24 miGreenwood Road, Croydon, CR03
£2,15012/240.24 miCoppice Yard, Bell Foundry Close, Croydon, CR03
£2,20012/240.24 mi-3
£2,20012/240.26 miClarence Road, Croydon, CR03
£2,20012/240.27 miClarence Road, Croydon, CR03
£2,20012/240.28 mi-3
£2,10003/250.29 mi-3
£1,40010/230.29 miJohnson Road, Croydon, CR03
£1,99512/240.29 mi-3
£2,10012/240.29 miSydenham Road, CROYDON3
£2,30001/250.35 mi-3
£1,99901/250.35 mi-3
£1,74502/250.35 mi-3
£1,35010/230.36 miLodge Road, Croydon, CR03
£1,75012/240.36 miGrenaby Avenue, Croydon, CR03
£1,75012/240.37 miGrenaby Avenue, Croydon, CR03
£2,20002/240.37 mi-3
£2,65012/240.37 mi-3
£3,50003/250.37 mi-3
£2,20012/240.38 mi-3
£1,62502/240.38 mi-3
£1,62503/240.38 mi-3
£2,10012/240.38 miSydenham Road, Croydon, CR03
£2,00012/240.38 miConstance Road, West Croydon3
£2,30003/240.38 miKynaston Avenue , CR73
£2,30003/240.38 miKynaston Avenue , CR73
£2,30003/240.38 miKynaston Avenue , CR7 7BW3
£2,30004/240.38 miKynaston Avenue , CR7 7BW3
£2,00008/240.39 miSouth Norwood, London, SE253
£2,00001/250.39 mi-3
£1,95009/240.39 mi-3
£2,85003/240.39 mi-3
£2,85012/240.39 miGrenaby Avenue, Croydon, CR03
£1,80003/250.41 mi-3
£1,95001/250.43 mi-3
£2,00008/240.46 mi-3
£3,30003/250.47 mi-3
£2,00003/240.47 miLakehall Road, Thornton Heath, CR73
£1,99511/240.47 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £325,000

September 10, 2024

Floor Plans

Description

  • Spacious End-Terrace House +
  • Modernisation Required +
  • 24' Double Reception Room +
  • Separate Kitchen +
  • Three Double Bedrooms +
  • Gas Heating +
  • For sale by modern method of auction +
  • Buyer Pack & Reservation Fees Apply +

Enjoying a cul-de-sac setting to the North of Croydon town centre, approximately half a mile from Selhurst and West Croydon Stations, this handsome bay-fronted Victorian house is now in need of modernisation but could make a fantastic family home once again, or be a great letting investment.

The house affords an entrance hall, a 24' double reception room, a 10' kitchen, lean-to storage area, a generous downstairs bathroom/wc, landing, main bedroom with built-in wardrobes, two further double bedrooms and benefits from gas heating. Externally there is a small garden to the front and a generous, sunny garden at the rear.

For those with a car. there is parking in the road with a resident's permit available from Croydon Council. There are regular bus services nearby and a good range of convenience stores are also close at hand as well as a Tesco Express and a Lidl supermarket.

Auctioneer comments as follows-

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Martin & Co, Croydon

020 8688 8565

Next Steps?

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