3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 3QN, £425,000

68 Pemdevon Road, CR0 3QN - 13 views - 5 months ago

Refurb/BRRR
ROI: 1%
105 m²
+4 photos

ValuationUndervalued

Sold Prices£300K - £570K
Sold Prices/m²£3.8K/m² - £9.1K/m²

 

 

Square Metres

105 m²
Price/m²£4K/m²

Value Estimate

£437,750
BMV3%

 

 

End Value (After Refurb)

£505,313

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£55,498

Bridging Loan Interest

£11,156

Total Cash In

£197,354

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£505,313

Mortgage (After Refinance)

£378,984

Mortgage LTV

75%

Cash Released

£60,234

Cash Left In

£137,120

Equity

£126,328

Rent Range

£1,350 - £3,000

Rent Estimate

£2,136

Running Costs/mo

£2,026

Cashflow/mo

£110

Cashflow/yr

£1,316

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £570K, average is £407.5K. £3.8K/m² to £9.1K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£384K02/210.02 mi51, Pemdevon Road, Croydon, Greater London CR0 3QQ3
£337K11/210.07 mi45, Dennett Road, Croydon, Greater London CR0 3JD3
£360K04/210.11 mi90, Pemdevon Road, Croydon, Greater London CR0 3QP3
£345K06/210.16 mi26, Addington Road, Croydon, Greater London CR0 3LU3
£485K03/230.17 mi4, Broad Green Avenue, Croydon, Greater London CR0 2ST3
£400K07/230.18 mi116, Sutherland Road, Croydon, Greater London CR0 3QJ3
£430K01/230.19 mi76, Sumner Road, Croydon, Greater London CR0 3LJ3
£360K06/210.19 mi114, Handcroft Road, Croydon, Greater London CR0 3LE3
£440K06/230.2 mi151, Handcroft Road, Croydon, Greater London CR0 3LF3
£447K10/210.23 mi11, Francis Road, Croydon, Greater London CR0 2RT3
£300K06/210.26 mi49, Hathaway Road, Croydon, Greater London CR0 2TQ3
£340K03/230.29 mi20, Stanley Grove, Croydon, Greater London CR0 3QU3
£420K07/230.31 mi286, Mitcham Road, Croydon, Greater London CR0 3JN3
£405K03/230.31 mi64, Elmwood Road, Croydon, Greater London CR0 2SJ3
£445K03/210.32 mi15, Greenwood Road, Croydon, Greater London CR0 2PN3
£375K02/210.32 mi68, Chapman Road, Croydon, Greater London CR0 3NW3
£420K01/230.33 mi39, Chapman Road, Croydon, Greater London CR0 3NX3
£387K09/210.36 mi166, Sumner Road South, Croydon, Greater London CR0 3LY3
£570K12/220.38 mi21, Grafton Road, Croydon, Greater London CR0 3RP3
£405K12/200.41 mi8, Effingham Road, Croydon, Greater London CR0 3NE3
£417.5K06/210.41 mi114, Harcourt Road, Thornton Heath, Greater London CR7 6BW3
£432.5K06/210.41 mi92, Harcourt Road, Thornton Heath, Greater London CR7 6BW3
£507.6K01/230.44 mi75, Euston Road, Croydon, Greater London CR0 3NS3
£390K07/230.44 mi39, Euston Road, Croydon, Greater London CR0 3NS3
£363K09/210.46 mi40, Miller Road, Croydon, Greater London CR0 3JY3
£360K03/230.48 mi127, Bensham Lane, Thornton Heath, Greater London CR7 7EW3
£420.7K03/230.5 mi25, Tirrell Road, Croydon, Greater London CR0 2XD3
£382K05/230.5 mi246, Thornton Road, Croydon, Greater London CR0 3EU3
£500K01/230.51 mi62, Broughton Road, Thornton Heath, Greater London CR7 6AL3
£432.5K06/230.52 mi22, Ramsey Road, Thornton Heath, Greater London CR7 6BX3
£530K12/220.53 mi66, Broughton Road, Thornton Heath, Greater London CR7 6AL3
£400K02/230.55 mi4, Harcourt Road, Thornton Heath, Greater London CR7 6BU3
£438K02/210.56 mi42, Whitehall Road, Thornton Heath, Greater London CR7 6AE3
£380K11/210.59 mi64, Ockley Road, Croydon, Greater London CR0 3DQ3
£412K02/230.59 mi55, Clarendon Road, Croydon, Greater London CR0 3SJ3
£410K12/210.6 mi28, Westcombe Avenue, Croydon, Greater London CR0 3DA3
£325K06/210.61 mi3, Hampton Road, Croydon, Greater London CR0 2XJ3
£375K01/210.64 mi66, Penshurst Road, Thornton Heath, Greater London CR7 7EB3
£375K01/210.64 mi66, Penshurst Road, Thornton Heath, Greater London CR7 7EB3
£425K06/210.64 mi2, Devonshire Road, Croydon, Greater London CR0 2JU3
£310K03/230.64 mi37, Cromwell Road, Croydon, Greater London CR0 2JZ3
£340K05/210.65 mi30, Norman Road, Thornton Heath, Greater London CR7 7ED3
£450K06/230.65 mi6, Norman Road, Thornton Heath, Greater London CR7 7ED3
£485K12/220.71 mi79, Torridge Road, Thornton Heath, Greater London CR7 7EZ3
£410K11/200.71 mi3, Grenaby Road, Croydon, Greater London CR0 2EJ3
£440K03/210.72 mi46, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA3
£400K11/200.72 mi110, Kynaston Avenue, Thornton Heath, Greater London CR7 7BW3
£380K01/210.72 mi11, Aurelia Road, Croydon, Greater London CR0 3BE3
£425K06/210.72 mi11, Fairlands Avenue, Thornton Heath, Greater London CR7 6HD3
£415K07/230.73 mi148, Kelvin Gardens, Croydon, Greater London CR0 4US3

Local Rents

50 rents from £1.4K/mo to £3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,70002/250.04 mi-3
£2,00012/240.04 mi-3
£1,90002/250.07 mi-3
£2,10003/240.13 mi-3
£2,40001/250.14 mi-3
£3,00003/250.15 mi-3
£2,20002/250.18 mi-3
£1,90002/240.22 mi-3
£2,00003/250.22 mi-3
£2,00012/240.23 miConstance Road, West Croydon3
£2,00002/240.26 mi-3
£1,85003/240.26 mi-3
£1,85012/240.26 miZodiac Court, Croydon, CR03
£2,10002/240.26 mi-3
£2,10010/230.27 miGrafton quarter, Croydon3
£2,00010/230.27 miGrafton quarter, Croydon3
£2,00010/230.27 miGrafton quarter, Croydon3
£1,80010/230.27 miGrafton quarter, Croydon3
£2,00010/230.27 miGrafton Quarter, Croydon3
£2,30001/250.3 mi-3
£2,15002/240.31 mi-3
£2,15012/240.31 miMitcham Road, Croydon, CR03
£2,30012/240.31 miChapman Road, Croydon3
£1,85002/240.31 mi-3
£2,20012/240.33 mi-3
£1,35010/230.36 miLodge Road, Croydon, CR03
£2,10012/240.36 mi-3
£2,20012/240.37 miGreenwood Road, Croydon, CR03
£1,90012/240.37 miChapman Road, CR0 3NU3
£2,00003/240.37 mi-3
£2,30012/240.39 miGrafton Road, Croydon, London, CR03
£2,25012/240.39 miGrafton Road, Croydon, London, CR03
£2,40012/240.39 miGrafton Road, Croydon, London, CR03
£2,22012/240.39 miGrafton Road, Croydon, London, CR03
£2,35012/240.39 miGrafton Road, Croydon, London, CR03
£1,99512/240.39 miMitchum Road, London3
£2,20001/250.4 mi-3
£2,25012/240.4 miGrafton Quarter, Croydon3
£2,40012/240.4 miGrafton Quarter, Croydon3
£2,35012/240.4 miGrafton Quarter, Croydon3
£2,22012/240.41 mi-3
£2,00003/240.41 miKeston Road, CR73
£2,10003/240.41 miKeston Road, CR73
£2,10003/240.41 miKeston Road, THORNTON HEATH3
£2,10003/240.41 miKeston Road, THORNTON HEATH3
£2,10004/240.41 miKeston Road, THORNTON HEATH3
£2,10004/240.41 miKeston Road, THORNTON HEATH3
£2,10004/240.41 miKeston Road, THORNTON HEATH3
£2,40012/240.44 miGrafton Quarter - Chadwick House, Croydon, CR03
£2,40012/240.44 miWatteau Square, Croydon CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.02 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £425,000

November 5, 2024

Floor Plans

Description

Welcome to this three-bedroom terraced home located in the heart of the vibrant CR0 area. Having been tenanted for many years, this property presents a fantastic opportunity for a new owner to modernise and revamp, adding their own personal touch and transforming it into a truly bespoke family home. As you step inside, you’ll find a layout that has served well over the years, featuring a spacious lounge and an adjoining dining area that offers a solid foundation for a stylish open-plan living space. The kitchen, while functional, presents an excellent opportunity for a complete redesign, allowing you to create a modern and fully equipped culinary hub that opens up to the rear garden. Upstairs, the property offers three generously sized bedrooms, each with the potential to be customized into comfortable and inviting spaces. The master bedroom is particularly spacious, providing plenty of room for fitted wardrobes and other personal additions. The second and third bedrooms offer flexibility, whether you envision them as children's rooms, guest rooms, or a home office. The bathroom, while serviceable, is ripe for renovation. With a bit of creativity, it could be transformed into a sleek, modern sanctuary, perfectly suited to contemporary living. Externally, the property maintains its traditional charm, with a well-maintained front exterior and a private rear garden that offers a blank canvas for landscaping or the addition of an outdoor entertaining area.

The local area surrounding 68 Pemdevon Road, CR0 3QN, offers an array of benefits and amenities that make it an ideal place to call home. Whether you’re a family, a young professional, or someone looking for a well-connected area with a strong sense of community, this location has something for everyone. Convenient Transport Links
One of the standout features of this area is its excellent transport links. With multiple bus routes and train stations nearby, including East Croydon and West Croydon stations, commuting to Central London and other major destinations is both quick and convenient. The local tram service also adds another layer of connectivity, making it easy to navigate the wider area without relying on a car. Great Schools and Educational Facilities
For families, the presence of highly regarded schools within close proximity is a major advantage. The area boasts several well-performing primary and secondary schools, providing a range of educational options to suit your child’s needs. Additionally, the nearby Croydon College and other higher education institutions make it a great place for students of all ages. Shopping and Dining
The location is just a stone’s throw away from a variety of shopping options. The bustling Croydon town centre is home to the Whitgift and Centrale shopping centres, offering a wide range of high street brands, boutiques, and department stores. There are also numerous supermarkets and local shops for everyday essentials. When it comes to dining out, you’re spoilt for choice with a diverse selection of restaurants, cafés, and pubs in the area. From trendy coffee shops to international cuisines and traditional British pubs, there’s something to satisfy every palate. Green Spaces and Recreation
For those who enjoy outdoor activities, the area is surrounded by beautiful parks and green spaces. The nearby Wandle Park, Lloyd Park, and Park Hill Park are perfect for leisurely walks, picnics, and family outings. These green spaces offer a welcome escape from the hustle and bustle of urban life, providing a serene environment to relax and unwind. Community and Culture
68 Pemdevon Road is situated in a vibrant community with a rich cultural scene. Croydon is known for its diverse population and lively arts and culture scene. The area hosts a variety of events throughout the year, including street markets, festivals, and live performances at venues such as Fairfield Halls and the Croydon Clocktower. Healthcare and Wellbeing
Access to healthcare is convenient, with several medical centres, dental practices, and pharmacies located nearby. The Croydon University Hospital is also within easy reach, providing comprehensive medical services to the local community. Future Development and Investment
The area is also benefitting from ongoing investment and regeneration projects, making it an attractive prospect for homeowners and investors alike. With planned improvements to infrastructure, public spaces, and new housing developments, the value and appeal of the area are set to continue rising. In summary, the local area around 68 Pemdevon Road offers a balanced lifestyle with easy access to urban amenities, excellent transport links, and a sense of community. Whether you’re looking for convenience, culture, or a family-friendly environment, this location delivers on all fronts.

Agent Details

eXp UK, London

03304 609968

Next Steps?

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