2 Bed Flat, Single Let, South Croydon, CR2 7DS, £275,000

23 Birchend Close, South Croydon, Greater London, CR2 7DS - 6 months ago

Sold STC
Leasehold
BTL
ROI: 4%
56 m²
+7 photos

ValuationOvervalued

Sold Prices£223K - £437.5K
Sold Prices/m²£3.4K/m² - £12.2K/m²

 

 

Square Metres

56 m²
Price/m²£4.9K/m²

Value Estimate

£268,150

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,950

Rent Estimate

£1,450

Running Costs/mo

£1,169

Cashflow/mo

£281

Cashflow/yr

£3,368

ROI

4%

Gross Yield

6%

Local Sold Prices

45 sold prices from £223K to £437.5K, average is £305K. £3.4K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£305K01/230 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£280K02/210.19 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£368K05/230.21 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£325K08/210.28 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£330K01/230.33 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£270K05/230.34 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£243K02/230.39 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£437.5K12/200.4 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£305K01/210.41 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£310K05/230.49 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.49 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.49 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.49 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£295K09/210.49 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.49 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£423K11/200.52 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£306K12/200.56 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£345K05/230.63 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£297K11/200.64 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.64 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£321K06/210.64 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.64 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.64 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£223K07/230.7 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£286K12/220.73 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.73 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.73 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.75 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£294K04/230.77 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£250K08/210.81 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£285K12/210.83 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£327.5K11/200.87 mi24, Reddington Close, South Croydon, Greater London CR2 0QZ2
£255K07/230.88 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£327K12/200.9 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£282.5K11/210.91 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2
£262.5K06/230.92 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£367.5K09/210.94 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£340K02/210.95 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£293.5K02/230.95 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£343K09/210.97 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.97 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£375K03/210.98 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£292.5K02/230.99 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£270K02/230.99 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£375K02/230.99 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,62012/240 miBirchend Close, South Croydon2
£1,50002/240 mi-2
£1,50002/240 mi-2
£1,50003/240 mi-2
£1,50012/240 mi-2
£1,65012/240.05 miSussex Road, South Croydon2
£1,47512/240.06 miDornton Road, CR22
£1,70003/240.1 mi-2
£1,70012/240.1 miSussex Road, South Croydon, CR22
£1,70002/250.1 mi-2
£1,70012/240.11 mi2 bedroom Ground Floor Flat in South Croydon2
£1,75012/240.11 mi-2
£1,55012/240.11 miNormanton Road, South Croydon, CR22
£1,65012/240.12 miSt. Peters Street South Croydon CR22
£1,90012/240.13 mi-2
£1,80002/250.13 mi-2
£1,65012/240.14 mi20 Normanton Road, South Croydon, CR2 7AR2
£1,75012/240.17 mi-2
£1,80003/250.18 mi-2
£1,75012/240.18 miHelder Street, South Croydon, CR22
£1,77512/240.18 miHelder Street, South Croydon, CR22
£1,50012/240.19 miHaling Road2
£1,50012/240.19 miSycamore Close, CR22
£1,75012/240.21 miJarvis Road, South Croydon2
£1,60012/240.21 miMuggeridge Close , South Croydon2
£1,45012/240.21 miMuggeridge Close, South Croydon2
£1,60012/240.21 miMuggeridge Close, South Croydon2
£1,65002/250.21 mi-2
£1,50012/240.22 miLismore Road, South Croydon, Surrey, CR2 7QA2
£1,55012/240.23 miUpland Road, South Croydon2
£1,60012/240.24 miHarewood Road, South Croydon, Surrey, CR22
£1,70012/240.25 miBrighton Road, South Croydon, Surrey2
£1,50001/250.26 mi-2
£1,69912/240.26 miCroham Road, Cranbrook Court, CR22
£1,75003/250.26 mi-2
£1,70012/240.26 miMansfield Road, South Croydon2
£2,95003/240.27 mi-2
£1,30012/240.28 miSouth Croydon, Surrey2
£1,69512/240.29 miSouth Park Hill Road, South Croydon, CR22
£1,85012/240.29 miBrighton Road, South Croydon, CR22
£1,65002/250.3 mi-2
£1,79512/240.3 miSouth Park Hill Road, South Croydon 2
£1,69512/240.3 miSouth Park Hill Road, South Croydon2
£1,79512/240.3 miSouth Park Hill Road, South Croydon, CR22
£1,79012/240.3 mi-2
£1,80002/250.31 mi-2
£1,65012/240.32 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.32 miSouth Park Hill Road, South Croydon, CR22
£1,50002/240.33 mi-2
£1,50002/240.33 mi-2
£1,65012/240.35 mi-2

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £275,000

October 1, 2024

Sold for £225,000

2014

Sold for £170,000

2006

Sold for £159,000

2004

Sold for £73,950

1998

Floor Plans

Description

  • Modern Bathroom +
  • Popular Residential Location +
  • Private Balcony +
  • Separate Well Equipped Kitchen +
  • Modern Interiors And Neutral Finish +
  • Allocated Parking And Small Residents Gym +
  • Well Presented Two Bedroom Ground Floor Flat +
  • Bright Dual Aspect Reception Room +
  • Close To South Croydon Station And Amenities +
  • Long Lease And No Chain +

The Property
Well presented two bedroom ground floor flat with private balcony and allocated parking, conveniently situated in a popular purpose built block close to South Croydon station and amenities. The property, offered to the market with long lease and no onward chain, provides bright, well planned accommodation with modern interiors and neutral finish throughout - ideal for homeowner or investor alike. Features include a generous dual aspect reception room, separate well equipped kitchen, modern bathroom, ample inbuilt storage, engineered wood flooring, electric heating and double glazing. The development itself provides well maintained communal areas and a small residents gym and sauna.

Accommodation comprises entrance hall with inbuilt storage, leading into the dual aspect reception room with ample space for relaxing and dining, and sliding doors opening onto a private balcony. The separate kitchen comprises a modern range of matching white fronted wall and base units with work surfaces incorporating inset sink unit, electric hob with overhead extractor and electric oven below, and further space for appliances. There are two well sized bedrooms, each with inbuilt wardrobes, plus a family bathroom with white three piece suite.

The property is superbly located within easy access of South Croydon station, providing convenient links into East Croydon mainline station, Central London and the surrounding area. Regular bus routes also service nearby Croydon town centre with its array of shops and amenities, Tramlink connections, and leisure facilities including a cinema complex. South Croydon's 'Restaurant Quarter' is within easy reach for a diverse selection of bars and restaurants.

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Lease Information
We understand the lease on the property is circa 100 years remaining. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Service Charges
We understand the service charge on the property is circa £1,300 per annum. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 01/01/2134

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Croydon

020 3840 3596

Next Steps?

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