4 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 7HD, £650,000

41 Northampton Road, Croydon, Greater London, CR0 7HD - 4 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+14 photos

ValuationOvervalued

Sold Prices£425K - £1.2M
Sold Prices/m²£3.5K/m² - £8.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£549,057

 

 

End Value (After Refurb)

£640,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£68,319

Bridging Loan Interest

£17,063

Total Cash In

£290,331

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£640,000

Mortgage (After Refinance)

£480,000

Mortgage LTV

75%

Cash Left In

£290,331

Equity

£160,000

Rent Range

£775 - £5,000

Rent Estimate

£2,566

Running Costs/mo

£2,533

Cashflow/mo

£33

Cashflow/yr

£394

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £425K to £1.2M, average is £572.5K. £3.5K/m² to £8.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£725K03/210.11 mi2, Carlyle Road, Croydon, Greater London CR0 7HN4
£675K06/210.18 mi4, Cheyne Walk, Croydon, Greater London CR0 7HG4
£620K09/210.2 mi33, Sefton Road, Croydon, Greater London CR0 7HS4
£720K08/210.21 mi79, Selwood Road, Croydon, Greater London CR0 7JW4
£1.1M05/210.25 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£560K03/210.26 mi51, Bingham Road, Croydon, Greater London CR0 7EG4
£540.5K04/210.27 mi33, Sundridge Road, Croydon, Greater London CR0 6RL4
£945K07/210.27 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£850K02/230.27 mi305, Addiscombe Road, Croydon, Greater London CR0 7LE4
£570K03/210.28 mi23, Baring Road, Croydon, Greater London CR0 7DD4
£520K03/230.31 mi2, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE4
£690K05/230.34 mi339, Addiscombe Road, Croydon, Greater London CR0 7LF4
£685K04/230.35 mi10, Whitethorn Gardens, Croydon, Greater London CR0 7LL4
£480K01/210.35 mi46, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£475K06/210.35 mi14, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£605K11/200.35 mi22, Teevan Road, Croydon, Greater London CR0 6RN4
£687.5K02/230.35 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£575K09/210.38 mi59, Fernhurst Road, Croydon, Greater London CR0 7DJ4
£500K06/210.4 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£492.5K01/210.41 mi24, Craigen Avenue, Croydon, Greater London CR0 7JL4
£1.1M04/210.46 mi4, Grimwade Avenue, Croydon, Greater London CR0 5DG4
£540K05/210.46 mi29, Kingscote Road, Croydon, Greater London CR0 7DP4
£476K10/210.47 mi27, Dalmally Road, Croydon, Greater London CR0 6LU4
£665K06/210.48 mi387, Addiscombe Road, Croydon, Greater London CR0 7LJ4
£1.2M06/210.49 mi27, Mapledale Avenue, Croydon, Greater London CR0 5TG4
£462K05/210.49 mi389, Lower Addiscombe Road, Croydon, Greater London CR0 6RJ4
£506.3K11/210.51 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£605K06/210.54 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£445K12/200.54 mi239, Morland Road, Croydon, Greater London CR0 6HE4
£490K08/210.59 mi325, Morland Road, Croydon, Greater London CR0 6HF4
£461.5K09/210.61 mi95, Alderton Road, Croydon, Greater London CR0 6HL4
£435K11/210.61 mi41, Alderton Road, Croydon, Greater London CR0 6HL4
£570K11/210.64 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£740K01/230.67 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£480K09/210.68 mi23, Stroud Road, London, Greater London SE25 5DR4
£535K05/230.71 mi2, Lindfield Road, Croydon, Greater London CR0 6HN4
£670K05/230.72 mi40, Selborne Road, Croydon, Greater London CR0 5JQ4
£805K11/200.72 mi30, Selborne Road, Croydon, Greater London CR0 5JQ4
£521K05/210.72 mi72, Edward Road, Croydon, Greater London CR0 6DY4
£425K10/210.74 mi15, Brownlow Road, Croydon, Greater London CR0 5JT4
£555K03/230.77 mi11, Crusader Gardens, Croydon, Greater London CR0 5UJ4
£707.5K02/210.77 mi40, Brownlow Road, Croydon, Greater London CR0 5JT4
£705K03/230.78 mi40, Barnfield Avenue, Shirley, Croydon, Greater London CR0 8SE4
£587K02/230.8 mi32, Dickensons Lane, London, Greater London SE25 5HS4
£835K12/220.8 mi22, Eldon Avenue, Croydon, Greater London CR0 8SD4
£805K12/200.8 mi21, Eldon Avenue, Croydon, Greater London CR0 8SD4
£560K11/220.82 mi12, Minster Drive, Croydon, Greater London CR0 5UP4
£460K06/230.83 mi20, Chichele Gardens, Croydon, Greater London CR0 5GT4
£520K01/210.83 mi19, Wickham Road, Croydon, Greater London CR0 8TA4
£650K02/210.86 mi151, Shirley Avenue, Croydon, Greater London CR0 8SQ4

Local Rents

50 rents from £775/mo to £5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,80003/250.07 mi-4
£3,30012/240.18 miCheyne Walk, Croydon, CR04
£3,30012/240.18 miCheyne Walk, Croydon, CR04
£4,50012/240.22 mi-8
£2,60004/250.22 mi-3
£3,70012/240.23 miAddiscombe Road, Croydon, CR05
£2,20012/240.24 miCompton Road, Addiscombe, CR03
£2,05012/240.27 miSundridge Road, Croydon, CR03
£4,25003/250.28 mi-4
£1,80012/240.3 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.3 miSundridge Road, Addiscombe, Croydon3
£5,00012/240.33 mi-6
£2,60012/240.36 miFernhurst Road, Croydon, CR05
£1,75012/240.36 mi-3
£2,50002/250.38 mi-4
£2,50002/250.39 mi-4
£4,00012/240.43 miUpfield, Croydon, CR04
£4,00012/240.43 miUpfield, Croydon, CR04
£4,00012/240.43 miUpfield, Croydon, CR04
£4,00012/240.43 miUpfield, Croydon, CR04
£1,98503/240.43 mi-3
£2,15012/240.43 miBracewood Gardens, Croydon, CR04
£2,15002/240.43 mi-4
£2,30012/240.45 mi-3
£2,00012/240.45 mi-3
£2,40012/240.45 miTeevan Road, Croydon, Surrey, CR04
£2,00012/240.45 miTunstall Road, CROYDON3
£2,00012/240.45 miTunstall Road, Croydon CR03
£2,15012/240.45 miBracewood Gardens, Croydon, CR04
£2,70002/250.46 mi-4
£77502/250.46 mi-5
£2,25012/240.47 miBlackhorse Lane, Croydon, Surrey3
£2,20012/240.48 miAddiscombe Court Road, Croydon, CR03
£1,75012/240.48 mi-3
£3,50003/240.48 mi-5
£3,50004/250.48 mi-5
£2,15003/250.49 mi-3
£3,60003/250.49 mi-5
£3,50003/250.49 mi-5
£2,10012/240.49 mi-3
£2,20012/240.49 miWydehurst Road4
£4,25012/240.49 miCroydon, CR05
£2,30003/240.5 mi-5
£2,40002/240.5 mi-4
£1,85012/240.5 miTunstall Road, East Croydon3
£1,85012/240.51 miAddiscombe Court Road, Croydon CR03
£2,00012/240.51 miAddiscombe Road, Croydon, CR0 6SA3
£1,97504/250.52 mi-3
£3,50012/240.52 miTurnpike Link, Croydon, Surrey4
£1,95012/240.52 miMorland Road, Addiscombe, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.50 miles away

Nearest school

0.50 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £650,000

October 24, 2024

Sold for £435,000

2010

Floor Plans

Description

  • Semi-Detached +
  • Scope for modernisation to taste. +
  • Four Bedrooms +
  • Off Street Parking +
  • Sought After Location +
  • Large Garden With Playhouse +
  • Utility Room Many Original Features +

Nestled on a tree-lined road in one of Addiscombe's most sought-after locations, this comfortable yet grand 4-bedroom semi-detached home, built in 1925, retains many original Arts & Crafts era features. With a feature staircase, beautifully stained glass windows, and attractive fireplaces, this property exudes character and charm at every turn.

As you step through the entrance, you'll be greeted by an impressive hallway that leads to a spacious 30+ foot reception room, opening onto a large, secluded rear garden. The garden is a delight, featuring mature trees, including apple, magnolia, cordyline, and lilac, as well as a rubber-surfaced patio and a charming pine playhouse. Additionally, neighbouring properties have summerhouses, offering inspiration for adding even more outdoor space.

The practical kitchen/diner is complemented by a utility room, fitted with an Elfa shelving system and a washing machine. Other features of the home include a downstairs WC, off-street parking for two cars, and privacy both at the front and back of the property.

Upstairs, you’ll find four spacious bedrooms and a modern family bathroom. The home boasts excellent potential for further expansion with the option to convert the huge loft space—plans from the neighbouring property are available for reference. The property is also fitted with energy-efficient solar panels, generating significant Feed-In Tariff payments, with annual returns of over £1,000.

While the property has been thoughtfully maintained and updated with investments including a Worcester Bosch boiler, new hip and ridge roof tiles, solar panel installation, refitted bathrooms, a new consumer unit, and replaced porch, it could benefit from some light cosmetic updating in places, making it a blank canvas for the next owners to truly make it their own.

The home benefits from its proximity to excellent transport links, with Addiscombe and Sandilands tram stops just a short stroll away, providing easy access to East Croydon Station and central London. The vibrant Lower Addiscombe Road high street, local parks, and top-rated state and private schools are also just a few minutes' walk away, adding to the area's appeal.

With its prime location, strong community ties, and blend of period character and modern convenience, this home truly offers the perfect balance for family living. An internal viewing is highly recommended to fully appreciate all it has to offer.

Agent Details

Livin Estate Agents, Croydon

020 3909 9652

Next Steps?

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