5 Bed Semi-Detached House, Refurb/BRRR, South Croydon, CR2 6BG, £650,000

Blenheim Park Road, South Croydon, Surrey, CR2 6BG - 27 views - 7 months ago

Refurb/BRRR
~178 m²

ValuationFair Value

Sold Prices£467K - £1.5M
Sold Prices/m²£2.9K/m² - £10.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.6K/m²

Value Estimate

£656,500

 

 

End Value (After Refurb)

£931,853

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£94,343

Bridging Loan Interest

£17,063

Total Cash In

£316,356

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£931,853

Agent Fees (1%)

£9,319

Bridging Loan

£487,500

Bridging Loan Interest

£17,063

Flip Profit

£118,679

Local Sold Prices

33 sold prices from £467K to £1.5M, average is £890K. £2.9K/m² to £10.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£500K04/210.19 mi28, Grange Road, South Croydon, Greater London CR2 0NA5
£890K10/210.26 mi1, Coningsby Road, South Croydon, Greater London CR2 6QQ5
£607.5K01/210.29 mi467, Brighton Road, South Croydon, Greater London CR2 6EW5
£467K02/210.36 mi4, Knighton Close, South Croydon, Greater London CR2 6DP5
£1.1M07/230.44 mi26, Brambledown Road, South Croydon, Greater London CR2 0BL5
£775K11/210.47 mi7a, Beechwood Road, South Croydon, Greater London CR2 0AE5
£825K05/210.48 mi7, Croham Mount, South Croydon, Greater London CR2 0BR5
£900K03/210.48 mi6, Croham Mount, South Croydon, Greater London CR2 0BR5
£652.5K12/220.51 mi240, Selsdon Road, South Croydon, Greater London CR2 7AA5
£690K07/230.52 mi242, Selsdon Road, South Croydon, Greater London CR2 7AA5
£795K02/210.52 mi70, Penwortham Road, South Croydon, Greater London CR2 0QS5
£930K03/230.53 mi76, Beechwood Road, South Croydon, Greater London CR2 0AA5
£725K06/210.58 mi21, Lismore Road, South Croydon, Greater London CR2 7QA5
£1.2M06/210.59 mi48, West Hill, South Croydon, Greater London CR2 0SA5
£608K12/200.59 mi96, Purley Park Road, Purley, Greater London CR8 2BT5
£927K01/230.64 mi84, Purley Downs Road, South Croydon, Greater London CR2 0RB5
£885K02/210.68 mi106, Pampisford Road, Purley, Greater London CR8 2NF5
£850K11/200.69 mi9, Hurst Way, South Croydon, Greater London CR2 7AP5
£808K03/210.76 mi38, Ellenbridge Way, South Croydon, Greater London CR2 0EU5
£912K04/210.78 mi8, Dornton Road, South Croydon, Greater London CR2 7DP5
£500K03/210.85 mi60, Glenn Avenue, Purley, Greater London CR8 2AG5
£929K06/210.85 mi4, Harman Place, Purley, Greater London CR8 1AX5
£820K06/210.85 mi66, Russell Hill Road, Purley, Greater London CR8 2LB5
£978.3K06/230.85 mi24, Winchelsey Rise, South Croydon, Greater London CR2 7BN5
£1.3M01/230.86 mi3, Winchelsey Rise, South Croydon, Greater London CR2 7BP5
£1.1M04/210.86 mi3, Hook Hill, South Croydon, Greater London CR2 0LB5
£990K01/230.88 mi10, Manor Way, South Croydon, Greater London CR2 7BQ5
£970K03/210.93 mi14, Manor Way, South Croydon, Greater London CR2 7BR5
£1.1M07/230.96 mi12, Manor Gardens, South Croydon, Greater London CR2 7BU5
£865K02/210.97 mi7, Downsway, South Croydon, Greater London CR2 0JB5
£1.3M09/210.98 mi35, Hillcrest Road, Purley, Greater London CR8 2JF5
£1.5M03/230.98 mi35, Hillcrest Road, Purley, Greater London CR8 2JF5
£913K11/210.99 mi10, Hillcrest Road, Purley, Greater London CR8 2JE5

Local Rents

46 rents from £1.7K/mo to £4.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,10004/250.08 mi-3
£1,85002/250.22 mi-3
£4,00002/250.24 mi-5
£2,05801/250.27 mi-3
£2,20003/250.27 mi-3
£2,30004/250.27 mi-3
£3,35002/240.27 mi-5
£1,85012/240.29 miKendall Avenue3
£2,50012/240.3 miBlackford Close, South Croydon, CR24
£3,50002/250.3 mi-5
£2,45002/250.32 mi-4
£2,80002/250.33 mi-3
£1,70012/240.33 miAvondale Road, SOUTH CROYDON3
£2,30012/240.34 miBiddulph Road, South Croydon4
£2,65803/250.34 mi-3
£4,00001/250.36 mi-5
£4,00011/240.36 mi-6
£2,30004/250.42 mi-3
£2,30004/250.42 mi-3
£2,30004/250.42 mi-3
£2,30004/250.42 mi-3
£1,98012/240.43 mi-4
£2,05012/240.43 miBrighton Road, Purley, CR84
£1,98012/240.43 miBrighton Road, Purley, CR84
£2,70412/240.43 miTen Degrees, Croydon, CR03
£3,35002/240.44 mi-6
£3,25002/240.44 mi-5
£3,25002/240.44 mi-5
£2,35001/250.45 mi-3
£2,44904/250.45 mi-3
£2,60012/240.45 miBrighton Road, South Croydon, CR24
£2,15012/240.46 miPampisford road, CR23
£4,80001/250.48 mi-5
£2,00012/240.48 miMontpelier Road 3
£2,20012/240.48 miChelsham Road, South Croydon, CR23
£2,20012/240.48 mi-3
£1,80012/240.49 miJarvis Road, South Croydon3
£1,80012/240.5 miJarvis Road, South Croydon3
£3,90003/250.52 mi-5
£2,15003/240.54 mi-3
£2,15012/240.54 miPennine Court, Croydon, CR03
£2,15012/240.54 miPennine Court, Croydon, CR03
£3,20004/250.56 mi-4
£2,67511/240.57 mi-4
£2,50012/240.58 mi-4
£3,15012/240.59 miSouth Croydon, CR25

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £650,000

October 4, 2024

Description

  • Semi-detached Victorian home in need of modernisation +
  • Set over 3 floors +
  • Walking distance to Purley Oaks train station +
  • Ideal project to put your own stamp on and make it the perfect home +
  • Good location for good state & private schools for al ages +

Looking for a project? This Victorian semi-detached home requires some updating and modernising, enabling you to design your own home to your own taste. Set over three floors with 3 reception rooms. Walking distance to Purley Oaks station - ideal if you commute and a great location for good schools.  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Hall
  • Lounge: 16'9 x 11'0 (5.11m x 3.36m)
  • Dining Room: 14'1 x 13'1 (4.30m x 3.99m)
  • Sitting Room: 11'11 x 10'8 (3.63m x 3.25m)
  • Kitchen: 16'2 x 6'8 (4.93m x 2.03m)
  • Landing
  • Bedroom 1: 18'1 x 11'9 (5.52m x 3.58m)
  • Bedroom 2: 13'0 x 10'11 (3.97m x 3.33m)
  • Bedroom 3: 10'5 x 8'11 (3.18m x 2.72m)
  • Bathroom: 6'10 x 6'7 (2.08m x 2.01m)
  • Landing
  • Bedroom 4: 10'5 x 8'11 (3.18m x 2.72m)
  • Bedroom 5: 10'5 x 8'11 (3.18m x 2.72m)
  • Front Garden
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Purley

020 3867 7006

Next Steps?

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