3 Bed Flat, Single Let, Croydon, CR0 1SE, £250,000

Church Road, CROYDON, Surrey, CR0 1SE - 1 views - 6 months ago

Leasehold
BTL
ROI: 9%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£250K - £730K
Sold Prices/m²£2.1K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£300,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,750 - £3,500

Rent Estimate

£1,705

Running Costs/mo

£1,142

Cashflow/mo

£563

Cashflow/yr

£6,753

ROI

9%

Gross Yield

8%

Local Sold Prices

41 sold prices from £250K to £730K, average is £340K. £2.1K/m² to £6.1K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£300K02/210.33 miFlat 16, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP3
£260K03/230.42 mi4a, Aberdeen Road, Croydon, Greater London CR0 1EQ3
£320K06/230.47 mi38c, Warham Road, South Croydon, Greater London CR2 6LA3
£276K10/210.61 mi14, Old School Place, Croydon, Greater London CR0 4GA3
£469.5K05/231.02 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE3
£250K03/231.19 mi3b, Canterbury Road, Croydon, Greater London CR0 3PY3
£362K07/231.25 mi63a, Stretton Road, Croydon, Greater London CR0 6ES3
£465K08/211.29 mi32, Blenheim Park Road, South Croydon, Greater London CR2 6BD3
£267K03/211.65 mi119a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR3
£285K12/201.68 mi103, Kingsdown Avenue, South Croydon, Greater London CR2 6QL3
£296K03/211.81 mi28, Purley Downs Road, Purley, Greater London CR8 1HA3
£422.5K05/231.86 mi15, Elm Road, Thornton Heath, Greater London CR7 8RH3
£580K12/211.93 mi71, Tennison Road, London, Greater London SE25 5RY3
£340K03/211.93 mi39b, Purley Park Road, Purley, Greater London CR8 2BU3
£730K12/211.93 mi212, Foresters Drive, Wallington, Greater London SM6 9LE3
£280K05/211.95 miGround Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL3
£340K01/212.1 mi15, Cranley Gardens, Wallington, Greater London SM6 9PR3
£415K10/202.11 mi54, Birchanger Road, London, Greater London SE25 5BB3
£422.5K06/232.11 mi73, Ridge Langley, South Croydon, Greater London CR2 0AP3
£286K06/212.11 mi35, Grange Park Road, Thornton Heath, Greater London CR7 8QE3
£530K10/222.14 mi3, Burton Close, Thornton Heath, Greater London CR7 8SU3
£425K12/202.16 mi20a, Manor Road, Wallington, Greater London SM6 0AA3
£330K03/232.19 mi132a, Melfort Road, Thornton Heath, Greater London CR7 7RP3
£300K02/212.2 mi913b, Brighton Road, Purley, Greater London CR8 2BP3
£322K11/202.21 mi97a, Onslow Gardens, Wallington, Greater London SM6 9PX3
£405K02/232.25 miFlat 22, Raleigh Court, Stanley Park Road, Wallington, Greater London SM6 0HH3
£345K03/212.26 mi121a, Onslow Gardens, Wallington, Greater London SM6 9PY3
£380K10/202.41 mi11, Dunster Way, Wallington, Greater London SM6 7DA3
£407.5K09/212.41 mi2, Dunster Way, Wallington, Greater London SM6 7DA3
£345K06/212.43 mi197, Grange Road, Upper Norwood, London, Greater London SE25 6TG3
£402.5K08/212.43 mi16, Helios Road, Wallington, Greater London SM6 7BZ3
£354K11/212.46 miFlat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ3
£320K02/232.47 mi23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ3
£337K11/222.48 mi17, Beacon Grove, Carshalton, Greater London SM5 3BA3
£290K02/212.51 mi35a, Lenham Road, Thornton Heath, Greater London CR7 8QT3
£285K10/202.52 mi124, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£360K01/232.52 mi130, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£280K10/202.56 mi199, Mersham Road, Thornton Heath, Greater London CR7 8NU3
£255K06/232.57 miFlat 11, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA3
£525K10/202.83 mi4, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£405K12/222.84 mi155, Arlington Drive, Carshalton, Greater London SM5 2EU3

Local Rents

51 rents from £1.8K/mo to £3.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,10012/240.06 mi-3
£2,10002/240.08 mi-3
£2,20003/250.08 mi-3
£2,20003/250.08 mi-3
£2,50012/240.08 miBoulevard Point, Croydon, CR03
£1,99501/250.11 mi-3
£2,35012/240.13 mi-3
£1,99503/250.13 mi-3
£2,22512/240.16 miSouthbridge Road, Croydon, CR03
£2,40012/240.16 miWandle Road, Croydon, CR03
£2,40002/240.16 mi-3
£2,28012/240.24 miMasons Avenue, Central Croydon, Croydon, CR03
£2,30012/240.25 mi-3
£2,40003/250.25 mi-3
£2,20012/240.26 miEdridge Road, CR03
£1,75012/240.26 miTanfield Road, Croydon, CR03
£2,41712/240.27 miPark Lane, South Croydon, Surrey, CR03
£1,75001/250.27 mi-3
£2,41712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,29712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,49712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,53712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.29 miPark Lane, South Croydon, Surrey, CR03
£2,50003/250.3 mi-3
£1,85012/240.34 miSt Leonards Road, Croydon3
£1,85012/240.35 miMulgrave Road, Croydon3
£1,75012/240.37 miKemble Road3
£1,85012/240.38 mi-3
£2,40001/250.44 mi-3
£2,40001/250.44 mi-3
£2,30012/240.44 mi-3
£2,21012/240.45 miCollege Road, Croydon, CR03
£1,77512/240.46 mi-3
£1,77512/240.46 miVicarage Road, Croydon, CR03
£1,77512/240.46 miVicarage Road, Croydon, CR03
£2,70412/240.47 miGeorge Street, Croydon, CR03
£2,70412/240.47 miGeorge Street, Croydon, CR03
£3,50003/250.47 mi-3
£2,18812/240.49 miCollege Road, East Croydon, CR03
£2,18812/240.49 miCollege Road, East Croydon, CR03
£2,57012/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,67712/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,67712/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,65812/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,65812/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,67712/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,67712/240.5 miTen Degrees, George Street, Croydon, London, CR03
£2,65812/240.5 miTen Degrees, George Street, Croydon, London, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £250,000

February 12, 2025

Listed for £270,000

October 1, 2024

Floor Plans

Description

  • *First floor apartment +
  • *Three double bedrooms +
  • *Communal area +
  • *Close to Croydon town centre +
  • *Walking distance to East Croydon station +
  • *Close to local parks and transport links to London and Gatwick +
  • *Perfect opportunity for first time buyers or investors +
  • *Can be sold with tenant in situ +
  • *Buyers Commission May Be Required +

*GUIDE PRICE £250,000 - £280,000*

3 BEDROOM APARTMENT IN CENTRAL CROYDON

Fantastic opportunity for first time buyers or investors is this 3 double bedroom apartment set on the popular Church Road situated in Croydon Old Town where you are in the middle of everything you need. The High Street and Surrey Street Market are a short walk away as well as the highly desired restaurant quarter. You can walk to East Croydon train station in no time at all taking you to London Victoria and London Bridge in under half an hour. The accommodation boasts spacious reception room, kitchen, three good sized bedrooms and a bathroom.

This is a great opportunity for first time buyers or investors with the option for the current tenants to stay, if required, currently paying £1705pcm.

Don't miss out, call our sales team today to arrange an appointment to view. EPC Rating D.

*First floor apartment
*Three double bedrooms
*Communal area
*Close to Croydon town centre
*Walking distance to East Croydon station
*Close to local parks and transport links to London and Gatwick
*Perfect opportunity for first time buyers or investors
*Can be sold with tenant in situ
*Buyers Commission May Be Required

Agent Details

Choices, Croydon

020 3907 9819

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪