4 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 2UB, £670,000

Oakfield Road, Croydon, Surrey, CR0 2UB - 6 views - 6 months ago

Refurb/BRRR
Planning
~129 m²
+8 photos

ValuationOvervalued

Sold Prices£320K - £1.1M
Sold Prices/m²£2.3K/m² - £8.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.2K/m²

Value Estimate

£485,997

 

 

End Value (After Refurb)

£607,476

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£167,500

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£68,319

Bridging Loan Interest

£17,588

Total Cash In

£299,856

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£607,476

Mortgage (After Refinance)

£455,607

Mortgage LTV

75%

Cash Left In

£299,856

Equity

£151,869

Rent Range

£1,400 - £5,300

Rent Estimate

£2,246

Running Costs/mo

£2,368

Cashflow/mo

£-122

Cashflow/yr

£-1,459

Gross Yield

4%

Local Sold Prices

50 sold prices from £320K to £1.1M, average is £491.3K. £2.3K/m² to £8.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£485.1K12/200.21 mi53, Thornhill Road, Croydon, Greater London CR0 2XZ4
£555K06/230.68 mi92, Onslow Road, Croydon, Greater London CR0 3NJ4
£740K01/230.69 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£480K05/210.7 mi78a, Selhurst New Road, London, Greater London SE25 5PU4
£605K06/210.71 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£320K03/210.78 mi22, Siddons Road, Croydon, Greater London CR0 4JR4
£455K12/200.78 mi26, Lakehall Gardens, Thornton Heath, Greater London CR7 7EL4
£521K05/210.78 mi72, Edward Road, Croydon, Greater London CR0 6DY4
£492.5K12/220.8 mi87, Kynaston Avenue, Thornton Heath, Greater London CR7 7BZ4
£570K11/210.81 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£360K02/230.87 mi7, Saxon Road, London, Greater London SE25 5EQ4
£480K03/210.87 mi14, Saxon Road, London, Greater London SE25 5EQ4
£460K01/210.87 mi51, Donald Road, Croydon, Greater London CR0 3EQ4
£465K05/210.88 mi112, Harcourt Road, Thornton Heath, Greater London CR7 6BW4
£555K03/230.97 mi11, Crusader Gardens, Croydon, Greater London CR0 5UJ4
£945K07/210.98 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£420K03/210.99 mi9, Colvin Road, Thornton Heath, Greater London CR7 6AB4
£685K01/231.02 mi11, Boswell Road, Thornton Heath, Greater London CR7 7RZ4
£530K06/211.02 mi3, Godson Road, Croydon, Greater London CR0 4LT4
£375K06/211.04 mi366, Purley Way, Croydon, Greater London CR0 4NY4
£535K05/231.07 mi2, Lindfield Road, Croydon, Greater London CR0 6HN4
£540K04/211.08 mi4, Merlin Close, Croydon, Greater London CR0 5UQ4
£500K06/211.08 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£687.5K02/231.09 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£445K12/201.1 mi239, Morland Road, Croydon, Greater London CR0 6HE4
£540.5K04/211.1 mi33, Sundridge Road, Croydon, Greater London CR0 6RL4
£506.3K11/211.11 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£510K11/201.11 mi10, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA4
£432K11/201.12 mi42, Cotford Road, Thornton Heath, Greater London CR7 8RB4
£708K08/221.12 mi15, Prince Road, London, Greater London SE25 6NN4
£441K12/211.12 mi65, Fairlands Avenue, Thornton Heath, Greater London CR7 6HD4
£670K05/231.13 mi40, Selborne Road, Croydon, Greater London CR0 5JQ4
£805K11/201.13 mi30, Selborne Road, Croydon, Greater London CR0 5JQ4
£450K09/211.14 mi5, Trafford Road, Thornton Heath, Greater London CR7 6DR4
£450K09/211.14 mi5, Trafford Road, Thornton Heath, Greater London CR7 6DR4
£390K07/211.14 mi17, Trafford Road, Thornton Heath, Greater London CR7 6DR4
£665.6K12/221.15 mi16, Aberdeen Road, Croydon, Greater London CR0 1EQ4
£1.1M05/211.16 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£480K01/211.17 mi46, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£475K06/211.17 mi14, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£590.5K01/211.18 mi15, Quadrant Road, Thornton Heath, Greater London CR7 7DB4
£490K10/211.18 mi4, Malvern Road, Thornton Heath, Greater London CR7 7LH4
£461.5K09/211.19 mi95, Alderton Road, Croydon, Greater London CR0 6HL4
£435K11/211.19 mi41, Alderton Road, Croydon, Greater London CR0 6HL4
£476K10/211.2 mi27, Dalmally Road, Croydon, Greater London CR0 6LU4
£490K08/211.2 mi325, Morland Road, Croydon, Greater London CR0 6HF4
£425K10/211.21 mi15, Brownlow Road, Croydon, Greater London CR0 5JT4
£700K09/211.21 mi6, South Park Hill Road, South Croydon, Greater London CR2 7DU4
£392.5K07/211.21 mi81, Clifton Road, London, Greater London SE25 6PX4
£707.5K02/211.22 mi40, Brownlow Road, Croydon, Greater London CR0 5JT4

Local Rents

50 rents from £1.4K/mo to £5.3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,90003/240.06 mi-3
£1,90012/240.06 miWellesely, Croydon, CR03
£1,80003/250.06 mi-3
£2,30004/250.17 mi-4
£2,30004/250.17 mi-4
£1,85002/240.18 mi-3
£2,10003/250.21 mi-3
£4,48001/250.25 mi-4
£2,10002/240.25 mi-3
£2,30001/250.26 mi-3
£1,85012/240.27 miZodiac Court, Croydon, CR03
£2,00002/240.27 mi-3
£1,85003/240.27 mi-3
£2,85003/240.3 mi-3
£2,85012/240.3 miGrenaby Avenue, Croydon, CR03
£1,94504/250.31 mi-4
£5,30012/240.31 mi-4
£1,69503/250.32 mi-3
£1,75012/240.32 miGrenaby Avenue, Croydon, CR03
£1,75012/240.32 miGrenaby Avenue, Croydon, CR03
£2,20002/250.33 mi-3
£2,10012/240.34 miSydenham Road, Croydon, CR03
£1,99512/240.34 mi-3
£3,00012/240.34 miSydenham Road, Croydon, CR06
£3,00002/240.34 mi-6
£2,25012/240.35 mi-4
£1,80004/250.35 mi-3
£1,40010/230.35 miJohnson Road, Croydon, CR03
£2,20012/240.38 miGreenwood Road, Croydon, CR03
£2,20012/240.38 mi-3
£2,40012/240.38 miClarendon Road, CR04
£2,00012/240.39 miConstance Road, West Croydon3
£2,20012/240.4 miClarence Road, Croydon, CR03
£2,20012/240.4 miClarence Road, Croydon, CR03
£2,40012/240.41 miGrafton Quarter, Croydon, London, CR03
£2,40012/240.41 miGrafton Quarter, Croydon, London, CR03
£2,40012/240.41 miGrafton Quarter , Croydon, London, CR03
£2,40012/240.41 miGrafton Quarter, Croydon, London, CR03
£2,35012/240.41 miGrafton Quarter, Croydon, London, CR03
£2,35012/240.41 miGrafton Quarter, Croydon, London, CR03
£2,10012/240.45 miSydenham Road, CROYDON3
£2,00012/240.45 miCross Road, CROYDON3
£1,90012/240.45 mi-3
£1,90002/250.46 mi-3
£2,00012/240.46 mi-3
£2,10012/240.47 mi-3
£2,35012/240.48 miAmarelle Apartments, 41 Cherry Orchard Road, Croydon3
£1,99512/240.48 miMitchum Road, London3
£2,10012/240.48 miAlpha Road, East Croydon, CR03
£2,35012/240.49 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.54 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £670,000

January 11, 2025

Listed for £700,000

October 16, 2024

Floor Plans

Description

  • Four Bedroom Victorian Semi +
  • Off Street Parking +
  • Three Reception Rooms +
  • Basement & Lean To +
  • Close to East & West Croydon Railway & Trams +
  • Within Catchment for Two Outstanding Ofsted Schools +
  • Chain Free +

Deceptionally Spacious Four Bedroom Semi Detached Family Home in need of modernisation located just a stones throw from West Croydon and within walking distance of East Croydon with fantastic transport links including railway, tram and bus routes. The property is to be sold with vacant possession/chain free and has enormous scope for extending into the large loft area, subject to usual planning permission. There is also potential to open up the third reception room to achieve a very good sized open plan kitchen/diner. Together with off street parking and basement this home would ideally suit a growing family as there are several local schools which have been rated Outstanding by Ofsted. We would thoroughly recommend viewing this property to truly appreciate its potential.

Agent Details

Penge Estates, Covering South East London

020 3835 3895

Next Steps?

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