3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 4NB, £475,000

63 Epsom Road, Croydon, CR0 4NB - 2 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£375K - £630K
Sold Prices/m²£3.5K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£456,143

 

 

End Value (After Refurb)

£466,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£49,155

Bridging Loan Interest

£12,469

Total Cash In

£208,824

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£466,250

Mortgage (After Refinance)

£349,688

Mortgage LTV

75%

Cash Left In

£208,824

Equity

£116,563

Rent Range

£1,750 - £4,250

Rent Estimate

£2,242

Running Costs/mo

£1,925

Cashflow/mo

£317

Cashflow/yr

£3,799

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £375K to £630K, average is £465K. £3.5K/m² to £7K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£459.4K05/210.06 miShirley, St Leonards Road, Croydon, Greater London CR0 4BN3
£428K01/210.07 mi45, Benson Road, Croydon, Greater London CR0 4LR3
£465K10/210.08 mi3, Glen Gardens, Croydon, Greater London CR0 4BQ3
£490K05/210.1 mi9, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£475K12/210.1 mi57, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£530K12/200.1 mi75, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£450K06/210.1 mi71, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£470K02/210.1 mi15, Courtney Road, Croydon, Greater London CR0 4LS3
£555K12/210.14 mi27, Godson Road, Croydon, Greater London CR0 4LT3
£455K05/210.17 mi2, Waddon Close, Croydon, Greater London CR0 4JT3
£463K09/210.18 mi23, Kemble Road, Croydon, Greater London CR0 4JQ3
£520K06/210.2 mi31, Harrisons Rise, Croydon, Greater London CR0 4LL3
£465K07/230.25 mi46, Lodge Avenue, Croydon, Greater London CR0 4JZ3
£427.5K05/210.25 mi26, Lodge Avenue, Croydon, Greater London CR0 4JZ3
£431K04/210.28 mi18, Waddon Court Road, Croydon, Greater London CR0 4AG3
£375K02/230.31 mi49, Old Town, Croydon, Greater London CR0 1AU3
£390K08/210.35 mi10, Cranmer Road, Croydon, Greater London CR0 1SR3
£380K12/200.36 mi9, Old School Place, Croydon, Greater London CR0 4GA3
£424.5K03/210.36 mi31, Court Drive, Croydon, Greater London CR0 4QA3
£525K05/230.38 mi108, The Ridgeway, Croydon, Greater London CR0 4AF3
£460K03/210.39 mi44, Violet Lane, Croydon, Greater London CR0 4HF3
£450K02/230.4 mi56, Lynwood Gardens, Croydon, Greater London CR0 4QH3
£450K12/200.4 mi43, Croydon Road, Beddington, Croydon, Greater London CR0 4QD3
£485K03/210.42 mi75, The Ridgeway, Croydon, Greater London CR0 4AH3
£483.6K12/220.44 mi40, Tanfield Road, Croydon, Greater London CR0 1AL3
£465K03/210.45 mi66, Croydon Road, Beddington, Croydon, Greater London CR0 4PB3
£492.5K05/230.46 mi61, Tanfield Road, Croydon, Greater London CR0 1AN3
£550K07/230.46 mi38, Cherry Hill Gardens, Croydon, Greater London CR0 4QL3
£425K03/210.47 mi12, Laud Street, Croydon, Greater London CR0 1SU3
£375K11/210.48 mi32, Southbridge Road, Croydon, Greater London CR0 1AE3
£510K05/230.48 mi19, Brafferton Road, Croydon, Greater London CR0 1AD3
£560K02/210.49 mi46, Wandle Road, Croydon, Greater London CR0 1DF3
£630K04/210.5 mi80, Croydon Road, Beddington, Croydon, Greater London CR0 4PD3
£610K03/230.51 mi2, West Street, Croydon, Greater London CR0 1DG3
£620K03/230.53 mi10, Lavington Road, Croydon, Greater London CR0 4PP3
£530K08/210.55 mi9, Lavington Road, Croydon, Greater London CR0 4PQ3
£379.9K12/200.56 mi25, Merebank Lane, Croydon, Greater London CR0 4NP3
£436K11/200.56 mi7, Merebank Lane, Croydon, Greater London CR0 4NP3
£375K02/210.56 mi13, Merebank Lane, Croydon, Greater London CR0 4NP3
£412K02/230.56 mi55, Clarendon Road, Croydon, Greater London CR0 3SJ3
£420K05/210.58 mi4, Godalming Avenue, Wallington, Greater London SM6 8NH3
£585K05/230.58 mi94, Croydon Road, Beddington, Croydon, Greater London CR0 4PE3
£425K07/230.59 mi11, Coldharbour Way, Croydon, Greater London CR0 4DX3
£402.5K07/210.6 mi1, Richmond Green, Croydon, Greater London CR0 4SA3
£475K03/210.61 mi21, Headley Avenue, Wallington, Greater London SM6 8NQ3
£442K11/200.61 mi10, Headley Avenue, Wallington, Greater London SM6 8NQ3
£510K07/230.61 mi17, Headley Avenue, Wallington, Greater London SM6 8NQ3
£600K01/230.61 mi12, Oakley Avenue, Croydon, Greater London CR0 4QP3
£550K02/230.62 mi4, Headley Avenue, Wallington, Greater London SM6 8NQ3
£555K11/200.62 mi8, Oakley Avenue, Beddington, Croydon, Greater London CR0 4QP3

Local Rents

52 rents from £1.8K/mo to £4.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,85012/240.05 mi-3
£1,85012/240.06 miSt Leonards Road, Croydon3
£2,40001/250.11 mi-3
£2,40001/250.11 mi-3
£1,77512/240.19 mi-3
£1,77512/240.19 miVicarage Road, Croydon, CR03
£1,77512/240.19 miVicarage Road, Croydon, CR03
£1,95012/240.19 mi-3
£1,95012/240.19 mi-3
£1,75012/240.2 miKemble Road3
£2,00002/250.2 mi-3
£1,85003/240.21 mi-3
£1,80012/240.21 mi-3
£2,50003/250.21 mi-3
£2,40002/250.22 mi-3
£2,30012/240.28 mi-3
£2,50004/250.29 mi-3
£2,19504/250.32 mi-3
£2,49003/250.33 mi-3
£2,10002/240.33 mi-3
£2,20003/250.33 mi-3
£2,20004/250.33 mi-3
£2,50004/250.34 mi-3
£2,30002/250.36 mi-3
£2,10012/240.36 mi-3
£2,59912/240.37 miThe Ridgeway, Croydon, CR03
£2,59912/240.37 mi-3
£2,00003/250.38 mi-3
£2,30012/240.41 mi-3
£2,22512/240.45 miSouthbridge Road, Croydon, CR03
£1,95012/240.46 miCroydon, Surrey, CR03
£1,90012/240.46 miCroydon, Surrey, CR03
£2,50012/240.47 miBoulevard Point, Croydon, CR03
£2,20012/240.47 miTheobald Road 3
£2,50003/250.48 mi-3
£2,50003/250.48 mi-3
£2,50012/240.48 miRichmond Road, Croydon, CR03
£1,75012/240.48 miTanfield Road, Croydon, CR03
£1,99501/250.49 mi-3
£2,10003/250.5 mi-3
£2,35012/240.52 mi-3
£1,99504/250.52 mi-3
£4,25001/250.53 mi-3
£4,25002/250.53 mi-3
£3,90003/250.53 mi-3
£2,40012/240.53 miWandle Road, Croydon, CR03
£2,40002/240.53 mi-3
£2,25012/240.54 miDenning Avenue, Croydon, CR03
£1,75001/250.56 mi-3
£2,22012/240.57 miGrafton Quarter - Caro House, ,Croydon, CR03
£2,22012/240.57 miGrafton Quarter - Caro House, ,Croydon, CR03
£2,10012/240.57 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.82 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £475,000

November 1, 2024

Description

A fantastic opportunity to acquire this truly spacious 3 bedroom semi detached house in need of modernisation but conveniently offered with no chain. Benefits include 2 large receptions, fitted kitchen, ground floor WC, conservatory, large first floor bathroom, central heating, mostly double glazed, good size garden, garage and scope for further extensions (STC) . We hold keys.
Located for easy access to multiple transport links, popular schools, Purley Way retail outlets, Wandle Park, Duppas Hill Recreation Ground, Croydon Town Centre and much more. EPC rating D. Council tax band D.

Acommodatiion - Enclosed Porch.

Front door.

Hallway.

Reception 1: 15'6 x 12'5 max

Reception 2: 13'2 x 11'2

Kitchen: 9'9 x 8'10 max

Conservatory: 10'6 x 7'11 max. Door to WC

Landing:

Bedroom 1: 15'9 x 11'7

Bedroom 2: 13'2 x 9'9

Bedroom 3: 8'3 x 7'10

Bathroom: 9'5 x 7'10

Garden: 40Ft approx. Side and rear access.

Garage and vehicle access to rear.

Agent Details

Cromwells Estate Agents, Wallington

020 8647 4422

Next Steps?

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