3 Bed Bungalow, Refurb/BRRR, South Croydon, CR2 6QF, £625,000

Kingsdown Avenue, South Croydon, CR2 6QF - 5 views - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£212.7K - £670K
Sold Prices/m²£2.6K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£6.7K/m²

Value Estimate

£465,000

 

 

End Value (After Refurb)

£529,667

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£49,214

Bridging Loan Interest

£16,406

Total Cash In

£262,320

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£529,667

Mortgage (After Refinance)

£397,250

Mortgage LTV

75%

Cash Left In

£262,320

Equity

£132,417

Rent Range

£1,700 - £2,800

Rent Estimate

£2,200

Running Costs/mo

£2,115

Cashflow/mo

£85

Cashflow/yr

£1,017

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £212.7K to £670K, average is £464.5K. £2.6K/m² to £5.8K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£480K02/230.07 mi111, Churchill Road, South Croydon, Greater London CR2 6HF3
£512.5K06/230.07 mi25, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£529.7K02/230.07 mi27, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£475K01/210.08 mi70, Churchill Road, South Croydon, Greater London CR2 6HB3
£395K01/210.08 mi92, Churchill Road, South Croydon, Greater London CR2 6HB3
£515K11/220.11 mi388, Brighton Road, South Croydon, Greater London CR2 6AL3
£475.5K08/210.12 mi10, Grange Road, South Croydon, Greater London CR2 0NA3
£464K12/200.12 mi30, Grange Road, South Croydon, Greater London CR2 0NA3
£475K06/230.12 mi32, Grange Road, South Croydon, Greater London CR2 0NA3
£510K05/230.13 mi8, Brantwood Road, South Croydon, Greater London CR2 0ND3
£470K12/200.14 mi15, Grange Road, South Croydon, Greater London CR2 0NE3
£445K10/200.16 mi20, Braemar Avenue, South Croydon, Greater London CR2 0QA3
£416K04/210.16 mi38, Braemar Avenue, South Croydon, Greater London CR2 0QA3
£530K03/210.17 mi42, Mount Park Avenue, South Croydon, Greater London CR2 6DG3
£465K03/210.17 mi51, Churchill Road, South Croydon, Greater London CR2 6HE3
£400K06/210.23 mi108, Grange Road, South Croydon, Greater London CR2 0NB3
£450K03/230.23 mi66, Grange Road, South Croydon, Greater London CR2 0NB3
£418K07/210.24 mi121, Grange Road, South Croydon, Greater London CR2 0NF3
£487.5K11/210.24 mi69, Grange Road, South Croydon, Greater London CR2 0NF3
£450K11/220.24 mi15, Biddulph Road, South Croydon, Greater London CR2 6QA3
£436K01/210.24 mi21, Biddulph Road, South Croydon, Greater London CR2 6QA3
£430K05/210.25 mi48, Sanderstead Road, South Croydon, Greater London CR2 0PA3
£527.5K02/210.27 mi66, Mount Park Avenue, South Croydon, Greater London CR2 6DJ3
£525K05/210.28 mi2, Purley Oaks Road, South Croydon, Greater London CR2 0NP3
£585K12/220.28 mi14, Norman Avenue, South Croydon, Greater London CR2 0QE3
£550K03/210.28 mi98, Kingsdown Avenue, South Croydon, Greater London CR2 6QH3
£550K04/210.29 mi2, Wyndhurst Close, South Croydon, Greater London CR2 6EP3
£450K03/210.31 mi19, Hamond Close, South Croydon, Greater London CR2 6BZ3
£460K02/210.33 mi8, Broomhall Road, South Croydon, Greater London CR2 0PX3
£427K06/210.33 mi7b, Marlborough Road, South Croydon, Greater London CR2 6JD3
£595K05/210.36 mi50, Kendall Avenue South, South Croydon, Greater London CR2 0QQ3
£670K12/220.36 mi10, Kendall Avenue South, South Croydon, Greater London CR2 0QQ3
£480K07/230.37 mi11, Derrick Avenue, South Croydon, Greater London CR2 0QL3
£551K08/230.38 mi43, Montpelier Road, Purley, Greater London CR8 2QF3
£480K05/210.42 mi3, Avondale Road, South Croydon, Greater London CR2 6JE3
£212.7K01/210.43 mi1, Vauxhall Gardens, South Croydon, Greater London CR2 6JR3
£429.8K05/230.46 mi91, Purley Park Road, Purley, Greater London CR8 2BW3
£355K06/210.47 mi42, Nicola Close, South Croydon, Greater London CR2 6NB3
£395K12/200.47 mi26, Nicola Close, South Croydon, Greater London CR2 6NB3
£400K09/210.49 mi5, Nicola Close, South Croydon, Greater London CR2 6NA3
£350K01/210.49 mi41, Nicola Close, South Croydon, Greater London CR2 6NA3
£450K06/210.5 mi55, Mansfield Road, South Croydon, Greater London CR2 6HP3
£375K09/210.53 mi44, Newark Road, South Croydon, Greater London CR2 6HQ3
£410K05/230.53 mi40, Newark Road, South Croydon, Greater London CR2 6HQ3
£450K06/210.54 mi49, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£465.5K11/200.54 mi39, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£575K06/210.54 mi62, Chelsham Road, South Croydon, Greater London CR2 6HY3
£410K06/210.54 mi8, Chelsham Road, South Croydon, Greater London CR2 6HY3
£492.5K07/210.55 mi23, Avondale Road, South Croydon, Greater London CR2 6JE3
£400K03/210.55 mi47, Newark Road, South Croydon, Greater London CR2 6HR3

Local Rents

22 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,85002/250.17 mi-3
£2,30004/250.19 mi-3
£2,05801/250.23 mi-3
£2,20003/250.23 mi-3
£2,00004/250.23 mi-3
£2,65803/250.24 mi-3
£1,85012/240.3 miKendall Avenue3
£2,80002/250.31 mi-3
£2,70412/240.33 miTen Degrees, Croydon, CR03
£2,15012/240.37 miPampisford road, CR23
£2,00012/240.38 miMontpelier Road 3
£1,70012/240.42 miAvondale Road, SOUTH CROYDON3
£2,35001/250.53 mi-3
£2,44903/250.55 mi-3
£2,00003/250.55 mi-3
£2,15003/240.59 mi-3
£2,15012/240.59 miPennine Court, Croydon, CR03
£2,15012/240.59 miPennine Court, Croydon, CR03
£2,20012/240.59 miChelsham Road, South Croydon, CR23
£2,20012/240.59 mi-3
£1,80012/240.59 miJarvis Road, South Croydon3
£1,80012/240.6 miJarvis Road, South Croydon3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £625,000

October 14, 2024

Floor Plans

Description

  • Exclusive To Frost Estate Agents +
  • Generous Detached Bungalow +
  • 0.31 Acre Plot +
  • Modernisation Required +
  • Three Double Bedrooms +
  • Kitchen Diner +
  • EPC Rating: E +
  • Reception Room +
  • Ample Parking and Garage +

Frost Estate Agents are delighted to offer to the market with NO ONWARD CHAIN this rare opportunity to purchase a detached bungalow found on a substantial and secluded garden plot of 0.31 acres. The property requires an element of updating and modernisation, so ideal for those looking to make their own mark on a home. There is ample off street parking to the front, with a useful garage, mature gardens to all sides and scope to extend. The practical layout of the accommodation in brief comprises of; enclosed porch, reception hallway, a generous reception room with bay window, kitchen diner, three great size double bedrooms, a four piece family bathroom and an additional WC, there is also a conservatory with views over the garden.  

The property is positioned on Kingsdown Avenue and situated for an optimal approach to either Purley or Purley Oaks train stations. Purley is a popular commuter town in the Southern part of the borough, with an excellent rail service which benefits from numerous trains per hour to central London (Farringdon, Victoria and London Bridge) with a fast journey time of 22 minutes. Bus services are also close at hand, Purley town centre offers a range of shops, amenities, Tesco supermarket, schools, golf courses and open recreational spaces such as Haling Grove Park, all within very easy reach.

There are a number of excellent schools within close proximity including the very popular Regina Coeli, Wallington Girls, Wilson’s, Whitgift, John Fisher, Margaret Roper, to name just a few. The Purley Way which is close by offers an array of larger style shopping facilities such as electronic superstores, TK Maxx, Ikea, furniture and interior design, supermarkets, there is also entertainment at Valley Park, all of this on your doorstep means there is not far to venture for all of your requirements.

Agent Details

Frost Estate Agents, Purley

020 8660 8228

Next Steps?

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