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




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