2 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 6TH, £325,000

16A, Alpha Road, Croydon, CR0 6TH - 32 views - 6 months ago

Refurb/BRRR
ROI: 2%
79 m²
+4 photos

ValuationFair Value

Sold Prices£208K - £487K
Sold Prices/m²£2.8K/m² - £7K/m²

 

 

Square Metres

79 m²
Price/m²£4.1K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£383,336

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£41,755

Bridging Loan Interest

£8,531

Total Cash In

£147,987

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£383,336

Mortgage (After Refinance)

£287,502

Mortgage LTV

75%

Cash Released

£43,752

Cash Left In

£104,235

Equity

£95,834

Rent Range

£1,300 - £3,400

Rent Estimate

£1,834

Running Costs/mo

£1,585

Cashflow/mo

£249

Cashflow/yr

£2,991

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £208K to £487K, average is £387.3K. £2.8K/m² to £7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£400K03/210.11 mi71, Davidson Road, Croydon, Greater London CR0 6DL2
£365K02/230.14 mi10, Leslie Park Road, Croydon, Greater London CR0 6TN2
£440K06/230.18 mi222, Oval Road, Croydon, Greater London CR0 6BP2
£487K01/210.2 mi32, Oval Road, Croydon, Greater London CR0 6BJ2
£375K05/230.2 mi73, Lebanon Road, Croydon, Greater London CR0 6UU2
£381K01/230.21 mi65, Oval Road, Croydon, Greater London CR0 6BQ2
£208K01/210.23 mi86, Milton Road, Croydon, Greater London CR0 2BL2
£371K04/230.25 mi85, Davidson Road, Croydon, Greater London CR0 6DN2
£448.5K03/230.25 mi80, Lebanon Road, Croydon, Greater London CR0 6US2
£345K02/210.28 mi26, Warren Road, Croydon, Greater London CR0 6PE2
£345K02/210.28 mi26, Warren Road, Croydon, Greater London CR0 6PE2
£340K12/200.3 mi42, Warren Road, Croydon, Greater London CR0 6PF2
£395K04/230.39 mi45, Rymer Road, Croydon, Greater London CR0 6EF2
£453K01/230.39 mi220, Davidson Road, Croydon, Greater London CR0 6DF2
£400K02/210.39 mi220, Davidson Road, Croydon, Greater London CR0 6DF2
£370K04/210.4 mi80, Edward Road, Croydon, Greater London CR0 6DY2
£409K03/230.4 mi34, Edward Road, Croydon, Greater London CR0 6DY2
£420K05/230.41 mi13, Edward Road, Croydon, Greater London CR0 6DZ2
£450K04/230.41 mi49, Edward Road, Croydon, Greater London CR0 6DZ2
£395K09/210.44 mi62, Exeter Road, Croydon, Greater London CR0 6EJ2
£400K06/230.49 mi13, Kemerton Road, Croydon, Greater London CR0 6JL2
£315K09/210.5 mi25, Union Road, Croydon, Greater London CR0 2XU2
£400K05/210.51 mi71, Capri Road, Croydon, Greater London CR0 6LJ2
£400K06/210.51 mi65, Granville Close, Croydon, Greater London CR0 5PY2
£340K03/230.53 mi9, Willis Road, Croydon, Greater London CR0 2XX2
£405K07/230.54 mi32, Dominion Road, Croydon, Greater London CR0 6JP2
£375K04/210.54 mi24, Dominion Road, Croydon, Greater London CR0 6JP2
£300K10/210.54 mi190a, Gloucester Road, Croydon, Greater London CR0 2DJ2
£431.6K09/210.54 mi16, Laurier Road, Croydon, Greater London CR0 6JQ2
£347K05/210.55 mi47, Selhurst New Road, London, Greater London SE25 5PU2
£355K03/210.56 mi34, Jesmond Road, Croydon, Greater London CR0 6JR2
£392.5K07/230.56 mi54, Jesmond Road, Croydon, Greater London CR0 6JR2
£345K12/200.59 mi37, Northway Road, Croydon, Greater London CR0 6JG2
£370K03/210.6 mi184, Whitehorse Road, Croydon, Greater London CR0 2LA2
£425K12/200.64 mi30, Alderton Road, Croydon, Greater London CR0 6HG2
£348K04/230.65 mi5, Guildford Road, Croydon, Greater London CR0 2HL2
£414.3K12/200.66 mi74, Dalmally Road, Croydon, Greater London CR0 6LT2
£365K03/230.68 mi80, Beulah Grove, Croydon, Greater London CR0 2QW2
£226.5K07/230.68 mi86, Guildford Road, Croydon, Greater London CR0 2HJ2
£370K06/230.71 mi16, Saracen Close, Croydon, Greater London CR0 2HD2
£455K01/230.72 mi65, Coniston Road, Croydon, Greater London CR0 6LQ2
£375K11/210.74 mi40, Frith Road, Croydon, Greater London CR0 1TA2
£420K02/230.74 mi67, Derby Road, Croydon, Greater London CR0 3SF2
£352K04/230.75 mi16, Ainsworth Road, Croydon, Greater London CR0 3SH2
£440K08/210.75 mi44, Dalmally Road, Croydon, Greater London CR0 6LS2
£422K03/230.75 mi71, Meadvale Road, Croydon, Greater London CR0 6JZ2
£384.5K03/210.75 mi55, Meadvale Road, Croydon, Greater London CR0 6JZ2
£315K04/230.76 mi43, Princess Road, Croydon, Greater London CR0 2QZ2
£430K02/230.79 mi1, Alpine Close, Croydon, Greater London CR0 5UN2
£390K06/210.79 mi12, Alpine Close, Croydon, Greater London CR0 5UN2

Local Rents

50 rents from £1.3K/mo to £3.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.09 miYardmaster House, Croydon, CR02
£1,75003/240.09 mi-2
£1,55012/240.11 miAlexandra Road, Croydon2
£1,55012/240.13 miAlexandra Road, CROYDON2
£1,50012/240.14 miAlexandra Road, Croydon, Surrey, CR02
£1,80003/250.16 mi-2
£2,00012/240.17 miDavidson Road, CROYDON2
£1,30012/240.17 mi Lansdowne Road, Croydon2
£2,50003/250.18 mi-2
£2,00012/240.18 miSantina Apartments, Cherry Orchard Road, Croydon2
£1,40012/240.18 miGloucester Road, Croydon, CR02
£1,84612/240.18 miSantina Apartments, Morello, Croydon CR02
£1,40012/240.18 miLansdown Road, East Croydon, CR02
£2,00012/240.18 miLansdowne Road, Croydon, CR02
£1,85103/250.19 mi-2
£1,52112/240.2 miOval House, Croydon, London2
£1,89502/250.2 mi-2
£2,20012/240.2 miOval Road, Croydon, CR02
£2,20012/240.2 mi-2
£1,75012/240.2 miCherry Orchard Road, Croydon2
£1,85012/240.2 miSixth Floor two Bedroom, two bathroom with balcony 2
£1,85012/240.2 miSixth Floor two Bedroom, two bathroom with balcony 2
£1,60003/240.2 mi-2
£1,90012/240.21 miCherry Orchard Road, Rainier Apartments, CR02
£1,90012/240.21 miCherry Orchard Road, Rainier Apartments, CR02
£2,00012/240.21 miCherry Orchard Road, Croydon, CR02
£1,65002/240.21 mi-2
£1,65002/240.21 mi-2
£1,75012/240.22 miOval Road, Croydon, CR02
£1,60012/240.22 miInnova Court, Leslie Park Road, Croydon, Surrey, CR02
£2,89702/240.22 mi-2
£2,99912/240.22 mi-2
£2,99912/240.22 mi-2
£2,59903/250.22 mi-2
£1,90012/240.22 miCherry Orchard Road, Croydon2
£1,85012/240.22 miCherry Orchard Road, Croydon2
£1,85012/240.22 miCherry Orchard Road, Croydon2
£1,45012/240.23 mi-2
£3,40003/250.23 mi-2
£1,72501/250.23 mi-2
£1,75012/240.24 miCherry Orchard Road, CROYDON2
£1,69503/250.24 mi-2
£2,50002/250.24 mi-2
£1,65012/240.25 miBedford Place, Croydon, CR02
£1,75012/240.25 mi-2
£1,67502/250.25 mi-2
£1,75012/240.25 miSolar Court, Croydon, CR02
£1,67512/240.26 miWarren Road, Croydon, CR02
£1,75012/240.26 miSydenham Road, Croydon, CR02
£1,75012/240.26 miSydenham Road, Croydon2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £325,000

October 14, 2024

Floor Plans

Description

This two bedroom house is located just a short walk away from East Croydon Station making it a real commuters dream.

Along with the adjoining property this semi detached house is located on its own private passage. The property itself is accessed by a communal entrance which leads you into the second reception room. The first reception room is very spacious and has a lovely bay window allowing a lot natural light. The kitchen and bathroom complete the ground floor. Upstairs there are two spacious double bedrooms.

The property requires modernisation but has heaps of potential throughout giving a blank canvas for a first time buyer looking to put their stamp on something or investors alike.

Call now to arrange a viewing on !

DIRECTIONS
Alpha Road is just a 5 minute walk from East Croydon located just off of Cross Road.

TRANSPORT
East Croydon 700 yards
West Croydon 0.6 miles
Selhurst 0.8 miles
South Croydon 1.2 miles
Norwood Junction 1.3 miles

SCHOOLS - INFANTS & PRIMARY
Ark Oval Primary Academy 300 yards

St. Mary's Catholic Junior School 480 yards

St Mary's Catholic Infant School 520 yards

John Wood School & Nursery 830 yards

Broadmead Primary School 0.5 miles

SCHOOLS - SECONDARY & COLLEGE
Ark Blake Academy 420 yards

St Mary's Catholic High School 670 yards

Harris Invictus Academy Croydon 0.6 miles

Archbishop Tenison's CofE High School 0.8 miles

Cambridge Tutors College 0.9 miles

Agent Details

Streets Ahead, Croydon

020 3892 9549

Next Steps?

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