4 Bed HMO, South Croydon, CR2 6AD £540,000

Brighton Road, South Croydon, CR2 6AD - 1 views - a year ago
Sold STC
HMO
ROI: 2%
~178 m²
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ValuationUndervalued

Sold Prices£437.6K - £1.1M
Sold Prices/m²£3.6K/m² - £11K/m²

 

 

Square Metres

~178 m²
Price/m²£3K/m²

Value Estimate

£648,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£135,000

Stamp Duty & Legal Fees

£45,200

Total Cash In

£180,200

 

 

Cash Out

 

Room Rate

£789

Gross Rent

£3,156

Running Costs/mo

£2,911

Cashflow/mo

£245

Cashflow/yr

£2,945

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £437.6K to £1.1M, average is £661K. £3.6K/m² to £11K/m², average is £5.6K/m².

Price
Date
Distance
Address
Beds
 
£437.6K03/250.07 mi15, Newark Road, South Croydon CR2 6HR4
£437.6K03/250.07 mi15, Newark Road, South Croydon CR2 6HR4
£492.5K07/210.07 mi21, Avondale Road, South Croydon, Greater London CR2 6JE4
£513K11/220.1 mi43, Newark Road, South Croydon, Greater London CR2 6HR4
£750K01/230.13 mi26, Haling Park Road, South Croydon, Greater London CR2 6NE4
£460K03/230.18 mi303, Selsdon Road, South Croydon, Greater London CR2 6PS4
£687.5K01/230.34 mi12, Blenheim Park Road, South Croydon, Greater London CR2 6BB4
£630K04/230.44 mi2a, Waddon Way, Croydon, Greater London CR0 4HU4
£775K09/210.44 mi10, Croham Close, South Croydon, Greater London CR2 0DA4
£925K05/250.5 mi31, Hurst View Road, South Croydon CR2 7AJ4
£925K05/250.5 mi31, Hurst View Road, South Croydon CR2 7AJ4
£882K05/230.51 miCorner Ways, Hurst Way, South Croydon, Greater London CR2 7AP4
£1.1M03/230.51 miThe Moorings, 24, Hurst Way, South Croydon, Greater London CR2 7AP4
£550K07/230.52 mi2a, Broomhall Road, South Croydon, Greater London CR2 0PX4
£930K12/220.53 mi68, Croham Manor Road, South Croydon, Greater London CR2 7BF4
£665.6K12/220.55 mi16, Aberdeen Road, Croydon, Greater London CR0 1EQ4
£705K03/250.55 mi420, Selsdon Road, South Croydon CR2 0DF4
£705K03/250.55 mi420, Selsdon Road, South Croydon CR2 0DF4
£565K06/230.56 mi3, Wyndhurst Close, South Croydon, Greater London CR2 6EP4
£640K03/250.56 mi5, Kingsdown Avenue, South Croydon CR2 6QG4
£662K08/250.64 mi9, Florence Road, South Croydon CR2 0PQ4
£700K09/210.64 mi6, South Park Hill Road, South Croydon, Greater London CR2 7DU4
£585.5K12/220.65 mi39, Grange Road, South Croydon, Greater London CR2 0NE4
£660K10/240.69 mi31, Blackford Close, South Croydon CR2 6BT4
£625K11/240.7 mi3, Purley Oaks Road, South Croydon CR2 0NU4
£997.6K11/220.71 mi18, Manor Way, South Croydon, Greater London CR2 7BR4
£1.0M12/220.72 mi11, Witherby Close, Croydon, Greater London CR0 5SU4
£1.1M10/220.72 mi5, Witherby Close, Croydon, Greater London CR0 5SU4
£485K08/250.73 mi14, Coningsby Road, South Croydon CR2 6QP4
£540K04/230.73 mi10, Purley Oaks Road, South Croydon, Greater London CR2 0NP4
£910K06/210.74 mi35, West Hill, South Croydon, Greater London CR2 0SB4
£972K03/250.76 mi27, West Hill, South Croydon CR2 0SB4
£600K08/250.76 mi2, Timberling Gardens, South Croydon CR2 0AW4
£935K10/210.76 mi15, Sandhurst Close, South Croydon, Greater London CR2 0AD4
£535K12/240.76 mi11, Norman Avenue, South Croydon CR2 0QH4
£560K02/250.77 mi21, Eden Road, Croydon CR0 1BB4
£515K02/230.77 mi63, Grange Road, South Croydon, Greater London CR2 0NF4
£930K02/250.78 mi7, Manor Gardens, South Croydon CR2 7BU4
£755K06/230.8 mi11, Dittoncroft Close, Croydon, Greater London CR0 5SL4
£637K11/240.81 mi44, Norman Avenue, South Croydon CR2 0QE4
£675K03/230.82 mi8, Rutland Gardens, Croydon, Greater London CR0 5ST4
£757.4K02/230.83 mi48, Croham Park Avenue, South Croydon, Greater London CR2 7HL4
£575.5K08/240.83 mi9, Tipton Drive, Croydon CR0 5JY4
£515K03/230.87 mi5, Hunters Way, Croydon, Greater London CR0 5JJ4
£750K06/230.88 mi45, Kendall Avenue South, South Croydon, Greater London CR2 0QR4
£610K11/240.88 mi5, Merlin Close, Croydon CR0 5UQ4
£530K01/230.91 mi84, Montpelier Road, Purley, Greater London CR8 2QB4
£460K06/230.92 mi20, Chichele Gardens, Croydon, Greater London CR0 5GT4
£722K06/210.93 mi55, Elmfield Way, South Croydon, Greater London CR2 0EJ4
£560K11/220.93 mi12, Minster Drive, Croydon, Greater London CR0 5UP4

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £540,000

October 3, 2024

Floor Plans

Property image

Description

  • Ideal Home or Investment +
  • Spacious House +
  • Currently Licensed as HMO +
  • Studio flat / Annex +
  • Large Kitchen +
  • Three Bathrooms +
  • Modern Finish +
  • Double Garage +
  • No Chain +
  • Freehold +

Discover this Fantastic SEMI- DETACHED Family Home or Investment Opportunity house in South Croydon!

This spacious house currently licensed as HMO property offers an excellent rental yield and is perfect for investors looking to expand their portfolio or use it as family base, located near transport links, shops and great schools. The property consist of 2 reception rooms, 3 bedrooms, 2 bathrooms and W.c's or 5 HMO rooms with extra studio flat/ annex for added rental income and a large double garage for additional storage space.

Call Martin& Co to view it now!

Agent Details

Martin & Co, Croydon

020 8688 8565

Next Steps?

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