6 Bed Semi-Detached House, Refurb/BRRR, South Croydon, CR2 0PU, £575,000

Glossop Road, South Croydon, CR2 0PU - 34 views - 7 months ago

Refurb/BRRR
~186 m²
+10 photos

ValuationUndervalued

Sold Prices£540K - £2.3M
Sold Prices/m²£3.3K/m² - £6.3K/m²

 

 

Square Metres

~186 m²
Price/m²£3.1K/m²

Value Estimate

£618,000
BMV3%

 

 

End Value (After Refurb)

£981,873

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£98,427

Bridging Loan Interest

£15,094

Total Cash In

£295,721

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£981,873

Agent Fees (1%)

£9,819

Bridging Loan

£431,250

Bridging Loan Interest

£15,094

Flip Profit

£245,083

Local Sold Prices

32 sold prices from £540K to £2.3M, average is £1.1M. £3.3K/m² to £6.3K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£1.3M12/200.27 mi21a, West Hill, South Croydon, Greater London CR2 0SB6
£940K11/200.27 mi49, West Hill, South Croydon, Greater London CR2 0SB6
£1.6M03/230.27 mi7, West Hill, South Croydon, Greater London CR2 0SB6
£700K04/210.43 mi117, Blenheim Park Road, South Croydon, Greater London CR2 6BL6
£1.0M06/230.46 miBraeside, 240, Sanderstead Road, South Croydon, Greater London CR2 0AJ6
£697K01/230.91 mi22, Grasmere Road, Purley, Greater London CR8 1DU6
£1.3M09/210.95 mi47, Whitgift Avenue, South Croydon, Greater London CR2 6AZ6
£1.4M03/210.98 mi7, Russell Green Close, Purley, Greater London CR8 2NS6
£1.0M01/231.12 mi68, Coombe Road, Croydon, Greater London CR0 5SH6
£1.6M06/231.14 mi42, Oakwood Avenue, Purley, Greater London CR8 1AQ6
£835.5K06/211.53 mi25, The Bridle Road, Purley, Greater London CR8 3JB6
£1.4M03/211.62 mi40, Monahan Avenue, Purley, Greater London CR8 3BA6
£1.6M03/211.68 miSummerfield, 2, Harland Avenue, Croydon, Greater London CR0 5QB6
£1.1M06/211.87 mi117, Old Farleigh Road, South Croydon, Greater London CR2 8QD6
£1.5M09/211.87 mi22, Fitzjames Avenue, Croydon, Greater London CR0 5DH6
£1.7M11/221.87 mi4, Fitzjames Avenue, Croydon, Greater London CR0 5DH6
£2.2M11/221.93 mi27, Hayes Lane, Kenley, Greater London CR8 5LE6
£880K12/211.99 mi42, Woodside Road, Purley, Greater London CR8 4LP6
£1.5M11/212.08 miWoden Law, Firs Road, Kenley, Greater London CR8 5LG6
£1.2M06/212.08 mi49, Upfield, Croydon, Greater London CR0 5DR6
£2.3M12/202.09 miRanelagh House, Bishops Walk, Croydon, Greater London CR0 5BA6
£1.9M10/222.09 miArtemis, Bishops Walk, Croydon, Greater London CR0 5BA6
£710K04/232.15 mi165, Lower Addiscombe Road, Croydon, Greater London CR0 6PW6
£1.2M06/232.19 mi18, Lordsbury Field, Wallington, Greater London SM6 9PE6
£560K03/212.22 mi59, Marchmont Road, Wallington, Greater London SM6 9NT6
£540K01/212.32 mi16, Ashling Road, Addiscombe, Croydon, Greater London CR0 7DA6
£825K05/232.38 mi201, Shirley Road, Croydon, Greater London CR0 8SB6
£600K04/212.41 mi27, Montagu Gardens, Wallington, Greater London SM6 8EP6
£950K09/222.54 mi7, Park Hill Road, Wallington, Greater London SM6 0SD6
£570K10/212.69 mi15, Meadvale Road, Croydon, Greater London CR0 6JY6
£855K02/212.71 mi82, Boundary Road, Carshalton, Greater London SM5 4AB6
£942K09/212.76 mi69, Hillbury Road, Warlingham, Surrey CR6 9TH6

Local Rents

35 rents from £1.7K/mo to £4.8K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£3,50002/250.03 mi-5
£1,85012/240.12 miKendall Avenue3
£2,80002/250.19 mi-3
£1,85002/250.27 mi-3
£2,10004/250.28 mi-3
£3,15012/240.31 miSouth Croydon, CR25
£2,95012/240.38 miTrinity Close, CR34
£2,15012/240.43 miElmfield Way, South Croydon3
£3,90003/250.44 mi-5
£3,35002/240.46 mi-5
£4,00002/250.46 mi-5
£4,30012/240.47 mi6 Elmfield Way CR2 0ED5
£1,70012/240.49 miAvondale Road, SOUTH CROYDON3
£2,50012/240.49 miSanderstead, South Croydon4
£2,30012/240.51 miBiddulph Road, South Croydon4
£2,20012/240.51 mi-3
£2,20012/240.51 miChelsham Road, South Croydon, CR23
£2,65803/250.54 mi-3
£2,70412/240.55 miTen Degrees, Croydon, CR03
£2,45002/250.55 mi-4
£4,40012/240.55 miSouth Croydon, CR25
£2,05801/250.56 mi-3
£2,20003/250.56 mi-3
£2,30004/250.56 mi-3
£1,98012/240.56 mi-4
£2,05012/240.56 miBrighton Road, Purley, CR84
£1,98012/240.56 miBrighton Road, Purley, CR84
£2,50012/240.56 miBlackford Close, South Croydon, CR24
£2,44904/250.56 mi-3
£1,80012/240.56 miJarvis Road, South Croydon3
£2,60012/240.57 miBrighton Road, South Croydon, CR24
£1,80012/240.57 miJarvis Road, South Croydon3
£2,50012/240.58 mi-4
£4,80001/250.59 mi-5
£3,00012/240.61 mi4 bedroom Detached House in Sanderstead4

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £575,000

January 8, 2025

Listed for £600,000

September 23, 2024

Floor Plans

Description

  • Six Bedroom House in need of modernisation +
  • Halls- adjoining semi +
  • Ground and first floor bathroom +
  • Mostly double glazed +
  • Two Receptions and Kitchen / Breakfast Room +
  • Close to Sanderstead and Purley Oaks stations +

Located in a residential road just moments away from Sanderstead station and local shops, this three storey, six bedroom halls-adjoining semi has been in the same family ownership for decades and, with some modernisation, could be the perfect opportunity for a growing family to make it their own long term home. The accommodation comprises at ground floor level; two reception rooms, kitchen / breakfast room, bathroom and large utility room, whilst at first floor level are four bedrooms, further bathroom and a separate WC. On the top floor there are two further bedrooms plus a good size eaves storage space. The property is mostly double glazed with a combination of UPVC and aluminium framed windows and the heating is by way of warm air heating at ground floor level only. Purley Oaks stations is also close by providing an alternative to Sanderstead station. EPC Rating E. Council Tax Band E.

Hall
A porch with double glazed entrance door and half tiled walls gives access to the entrance hall via a glazed timer door. Traditional style scrolls and cornicing. Wood laminate floor. Stairs to first floor landing. Understairs cupboard.

Sitting Room
Double glazed UPVC bay window to front, wall mounted coal effect gas fire, ceiling rose and picture rail. Two warm air vents.

Dining Room
Wood laminate floor, double glazed door to rear garden. warm air vent.

Kitchen
Two built in cupboards, range of fitted wall and base units with integrated dishwasher, integrated electric oven and hob, integrated fridge, stainless steel one and a half bowl sink with mixer tap.. Double glazed window to the side. Warm air vent.

Lobby
UPVC Double glazed door to rear garden. Wood effect ceramic tiled floor. Built in cupboard housing warm air heating boiler.

Ground Floor Bathroom
Panel bath with shower attachment, vanity wash hand basin, low level WC with concealed cistern, two double opaque glazed windows to the side , wood effect ceramic tiled floor.

Utility Room
Space and plumbing for washing machine, space for drier. space for fridge / freezer. Secondary glazed window to the rear.

First Floor Landing
Fitted carpet

First Floor Bedroom
UPVC double glazed bay window to the front, fitted carpet and built in cupboard.

First Floor Bedroom
Double glazed window to the front, fitted carpet.

First Floor Bedroom
Double glazed window to the rear. Fitted carpet. Built in wardrobe.

First Floor Bedroom
UPVC double glazed window to the side. Laminate floor and built in shelving.

First Floor Bathroom
Shower cubicle with Mira electric shower, pedestal wash hand basin, bath with shower attachment, opaque UPVC double glazed window to the rear. Built in cupboard housing hot water heat.

First Floor Separate WC
Low Level WC. tiled walls and opaque double glazed window to the rear.

Top Floor Landing
Eaves cupboard providing significant storage over back addition

Top Floor Bedroom
Double glazed window to the side, fitted carpet.

Top Floor Bedroom
Double glazed window to the rear, built in cupboards, fitted carpet.

Garden
Level rear garden which is mainly laid to lawn.

Agent Details

John Dallas, South Croydon

020 3889 9011

Next Steps?

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