4 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 6AP, £625,000

Ashburton Road, Addiscombe, CR0 6AP - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~258 m²
+13 photos

ValuationUndervalued

Sold Prices£425K - £1.2M
Sold Prices/m²£3.5K/m² - £8.5K/m²

 

 

Square Metres

~258 m²
Price/m²£2.4K/m²

Value Estimate

£643,750
BMV3%

 

 

End Value (After Refurb)

£1,113,476

Uplift in Value

+78%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£51,200

Refurb Costs

£136,366

Bridging Loan Interest

£16,406

Total Cash In

£361,972

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,113,476

Agent Fees (1%)

£11,135

Bridging Loan

£468,750

Bridging Loan Interest

£16,406

Flip Profit

£271,619

Local Sold Prices

50 sold prices from £425K to £1.2M, average is £570K. £3.5K/m² to £8.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£1.1M05/210.18 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£945K07/210.19 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£725K03/210.19 mi2, Carlyle Road, Croydon, Greater London CR0 7HN4
£675K06/210.21 mi4, Cheyne Walk, Croydon, Greater London CR0 7HG4
£687.5K02/230.27 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£540.5K04/210.27 mi33, Sundridge Road, Croydon, Greater London CR0 6RL4
£620K09/210.28 mi33, Sefton Road, Croydon, Greater London CR0 7HS4
£720K08/210.29 mi79, Selwood Road, Croydon, Greater London CR0 7JW4
£500K06/210.32 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£850K02/230.34 mi305, Addiscombe Road, Croydon, Greater London CR0 7LE4
£560K03/210.34 mi51, Bingham Road, Croydon, Greater London CR0 7EG4
£570K03/210.35 mi23, Baring Road, Croydon, Greater London CR0 7DD4
£480K01/210.38 mi46, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£475K06/210.38 mi14, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£520K03/230.39 mi2, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE4
£605K11/200.4 mi22, Teevan Road, Croydon, Greater London CR0 6RN4
£690K05/230.41 mi339, Addiscombe Road, Croydon, Greater London CR0 7LF4
£685K04/230.43 mi10, Whitethorn Gardens, Croydon, Greater London CR0 7LL4
£506.3K11/210.43 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£575K09/210.46 mi59, Fernhurst Road, Croydon, Greater London CR0 7DJ4
£1.1M04/210.46 mi4, Grimwade Avenue, Croydon, Greater London CR0 5DG4
£605K06/210.46 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£492.5K01/210.5 mi24, Craigen Avenue, Croydon, Greater London CR0 7JL4
£476K10/210.51 mi27, Dalmally Road, Croydon, Greater London CR0 6LU4
£1.2M06/210.52 mi27, Mapledale Avenue, Croydon, Greater London CR0 5TG4
£540K05/210.54 mi29, Kingscote Road, Croydon, Greater London CR0 7DP4
£445K12/200.55 mi239, Morland Road, Croydon, Greater London CR0 6HE4
£570K11/210.56 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£462K05/210.56 mi389, Lower Addiscombe Road, Croydon, Greater London CR0 6RJ4
£665K06/210.56 mi387, Addiscombe Road, Croydon, Greater London CR0 7LJ4
£740K01/230.59 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£490K08/210.62 mi325, Morland Road, Croydon, Greater London CR0 6HF4
£461.5K09/210.64 mi95, Alderton Road, Croydon, Greater London CR0 6HL4
£435K11/210.64 mi41, Alderton Road, Croydon, Greater London CR0 6HL4
£670K05/230.64 mi40, Selborne Road, Croydon, Greater London CR0 5JQ4
£805K11/200.64 mi30, Selborne Road, Croydon, Greater London CR0 5JQ4
£425K10/210.67 mi15, Brownlow Road, Croydon, Greater London CR0 5JT4
£555K03/230.68 mi11, Crusader Gardens, Croydon, Greater London CR0 5UJ4
£521K05/210.7 mi72, Edward Road, Croydon, Greater London CR0 6DY4
£707.5K02/210.7 mi40, Brownlow Road, Croydon, Greater London CR0 5JT4
£535K05/230.72 mi2, Lindfield Road, Croydon, Greater London CR0 6HN4
£480K09/210.73 mi23, Stroud Road, London, Greater London SE25 5DR4
£560K11/220.75 mi12, Minster Drive, Croydon, Greater London CR0 5UP4
£460K06/230.76 mi20, Chichele Gardens, Croydon, Greater London CR0 5GT4
£540K04/210.79 mi4, Merlin Close, Croydon, Greater London CR0 5UQ4
£515K03/230.81 mi5, Hunters Way, Croydon, Greater London CR0 5JJ4
£587K02/230.84 mi32, Dickensons Lane, London, Greater London SE25 5HS4
£705K03/230.86 mi40, Barnfield Avenue, Shirley, Croydon, Greater London CR0 8SE4
£675K03/230.87 mi8, Rutland Gardens, Croydon, Greater London CR0 5ST4
£805K12/200.88 mi21, Eldon Avenue, Croydon, Greater London CR0 8SD4

Local Rents

50 rents from £775/mo to £5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,80003/250.04 mi-4
£3,30012/240.2 miCheyne Walk, Croydon, CR04
£3,30012/240.2 miCheyne Walk, Croydon, CR04
£4,50012/240.24 mi-8
£3,70012/240.27 miAddiscombe Road, Croydon, CR05
£2,05012/240.27 miSundridge Road, Croydon, CR03
£5,00012/240.3 mi-6
£1,80012/240.31 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.31 miSundridge Road, Addiscombe, Croydon3
£2,50002/250.31 mi-4
£2,50002/250.31 mi-4
£2,20012/240.33 miCompton Road, Addiscombe, CR03
£1,75012/240.34 mi-3
£4,25003/250.35 mi-4
£2,15012/240.36 miBracewood Gardens, Croydon, CR04
£2,15002/240.36 mi-4
£2,00012/240.37 miTunstall Road, CROYDON3
£2,00012/240.37 miTunstall Road, Croydon CR03
£2,70002/250.37 mi-4
£2,15012/240.38 miBracewood Gardens, Croydon, CR04
£2,20012/240.39 miAddiscombe Court Road, Croydon, CR03
£2,15003/250.41 mi-3
£2,10012/240.41 mi-3
£2,00012/240.42 miAddiscombe Road, Croydon, CR0 6SA3
£2,40002/240.42 mi-4
£1,85012/240.42 miAddiscombe Court Road, Croydon CR03
£1,85012/240.43 miTunstall Road, East Croydon3
£2,30012/240.43 mi-3
£2,02503/250.43 mi-3
£3,50012/240.43 miTurnpike Link, Croydon, Surrey4
£1,75012/240.43 mi-3
£2,10012/240.44 miTurnpike Link, Croydon, CR03
£2,60012/240.44 miFernhurst Road, Croydon, CR05
£77502/250.44 mi-5
£2,40012/240.46 miLebanon Road, Croydon, CR04
£1,90012/240.46 miAddiscombe Court Road, East Croydon3
£2,00012/240.46 mi-3
£2,05003/250.46 mi-3
£4,00012/240.47 miUpfield, Croydon, CR04
£4,00012/240.47 miUpfield, Croydon, CR04
£4,00012/240.47 miUpfield, Croydon, CR04
£4,00012/240.47 miUpfield, Croydon, CR04
£4,25012/240.47 miCroydon, CR05
£2,00002/240.47 mi-3
£2,00012/240.48 miTurnpike Link, Croydon, CR03
£2,25012/240.48 miLeyburn Gardens Parkhill Croydon CR0 5NL4
£1,98503/240.49 mi-3
£2,40012/240.5 miTeevan Road, Croydon, Surrey, CR04
£2,45012/240.5 mi-3
£2,45002/250.5 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.50 miles away

Nearest school

0.50 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £625,000

March 4, 2025

Listed for £650,000

October 4, 2024

Floor Plans

Description

  • Really Spacious Semi Detached House +
  • Four Double Bedrooms +
  • Three Generously Proportioned Reception Rooms +
  • Much Potential For Extensions & Remodelling [S.T.P.P.] +
  • Popular Location Ideal For Transport Links +
  • Large Rear Garden & Brick Built Outbuilding +
  • Garage & off Street Parking +
  • Offered Chain Free +

Superbly located within the highly regarded East India Estate Conservation area, this four bedroom semi detached house presents a great opportunity. Offered to the market for the first time in several decades, the property boasts four generously sized double bedrooms and three spacious reception rooms, exuding an air of space and grandeur throughout. Offered chain-free, this spacious abode beckons those with an eye for potential and a desire for a distinguished living experience. The spacious layout throughout needs to be seen to be appreciated, and includes a loose self contained apartment on the top floor.

Whilst this impressive residence is in need of updating, it has a large rear garden accompanied by a brick-built outbuilding, as well as a garage and off-street parking, catering to a modern lifestyle with ease. Rarely do homes of such calibre grace the market; a viewing is essential to fully appreciate the allure and possibilities this property presents.

Extension & Remodelling Potential
There is much in the way of future potential here. Similar houses in the immediate area have been extended to the rear, changed the ground floor layout to provide spectacular kitchen/living areas, and remodelled the first and second floors to provide additional bedrooms. Other properties have been converted into apartments. This potential, subject of course to the the necessary planning and building regualtion consents, adds a layer of excitement for prospective buyers seeking to tailor a home to their specific tastes.

Location
The property is located on the popular Ashburton Road, within the East India Estate Conservation Area. It is a great location for the commuter; Sandilands Tram Stop is within 0.3 of a mile, connecting to East Croydon mainline station within a few minutes, where regular rail services can be found to several Central London destinations, as well as Gatwick Airport and many others. Local shops and supermarkets can be found on the nearby Lower Addiscombe Road, with bus routes close still. There are also highly regarded schools within easy reach too.

The Ground Floor Accommodation
**Porch **
Entrance Hall 7.03m (23'1") x 1.37m (4'6") max
Dining Room 3.67m (12') x 3.06m (10')
Lounge 4.63m (15'2") into bay x 4.27m (14')
Kitchen 3.71m (12'2") x 1.82m (6')
Rear Reception Room 4.94m (16'3") x 3.69m (12'1")
**WC **
Lean-to 5.67m (18'7") x 2.29m (7'6")
Garage 4.38m (14'4") x 2.29m (7'6")

The First Floor Accommodation
**Landing **
Bedroom 1 5.25m (17'3") x 4.61m (15'2") into bay
Bedroom 2 3.83m (12'7") x 2.75m (9')
Bedroom 3 3.99m (13'1") x 3.24m (10'8")
Bathroom 3.69m (12'1") x 1.87m (6'2")

The Second Floor Accommodation
Top Floor Kitchen 3.10m (10'2") x 3.07m (10'1") max
Bedroom 4 5.48m (18') x 4.80m (15'9")
Shower Room 3.09m (10'2") x 1.55m (5'1") Outbuilding 6.12m (20'1") x 3.65m (12')
A versatile brick building that could be used for many purposes, from workshop, entertainments room, home office or gym.

EPC Rating: D

Agent Details

Allen Heritage, Shirley

020 3866 3803

Next Steps?

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