3 Bed Semi-Detached House, Cash/Bridging Only, Croydon, CR0 4NB, £475,000

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

Under Offer
Cash
ROI: 2%
~93 m²
+12 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

£464,939

 

 

End Value (After Refurb)

£465,000

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

£465,000

Mortgage (After Refinance)

£348,750

Mortgage LTV

75%

Cash Left In

£208,824

Equity

£116,250

Rent Range

£1,750 - £2,599

Rent Estimate

£2,247

Running Costs/mo

£1,923

Cashflow/mo

£324

Cashflow/yr

£3,894

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £375K to £630K, average is £464K. £3.5K/m² to £7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£428K01/210.05 mi45, Benson Road, Croydon, Greater London CR0 4LR3
£459.4K05/210.06 miShirley, St Leonards Road, Croydon, Greater London CR0 4BN3
£463K09/210.12 mi23, Kemble Road, Croydon, Greater London CR0 4JQ3
£470K02/210.13 mi15, Courtney Road, Croydon, Greater London CR0 4LS3
£465K10/210.14 mi3, Glen Gardens, Croydon, Greater London CR0 4BQ3
£520K06/210.15 mi31, Harrisons Rise, Croydon, Greater London CR0 4LL3
£455K05/210.16 mi2, Waddon Close, Croydon, Greater London CR0 4JT3
£490K05/210.16 mi9, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£475K12/210.16 mi57, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£530K12/200.16 mi75, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£450K06/210.16 mi71, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£555K12/210.18 mi27, Godson Road, Croydon, Greater London CR0 4LT3
£375K02/230.26 mi49, Old Town, Croydon, Greater London CR0 1AU3
£465K07/230.29 mi46, Lodge Avenue, Croydon, Greater London CR0 4JZ3
£427.5K05/210.29 mi26, Lodge Avenue, Croydon, Greater London CR0 4JZ3
£390K08/210.3 mi10, Cranmer Road, Croydon, Greater London CR0 1SR3
£431K04/210.33 mi18, Waddon Court Road, Croydon, Greater London CR0 4AG3
£424.5K03/210.42 mi31, Court Drive, Croydon, Greater London CR0 4QA3
£380K12/200.42 mi9, Old School Place, Croydon, Greater London CR0 4GA3
£460K03/210.43 mi44, Violet Lane, Croydon, Greater London CR0 4HF3
£525K05/230.43 mi108, The Ridgeway, Croydon, Greater London CR0 4AF3
£425K03/210.44 mi12, Laud Street, Croydon, Greater London CR0 1SU3
£483.6K12/220.44 mi40, Tanfield Road, Croydon, Greater London CR0 1AL3
£492.5K05/230.45 mi61, Tanfield Road, Croydon, Greater London CR0 1AN3
£485K03/210.46 mi75, The Ridgeway, Croydon, Greater London CR0 4AH3
£450K12/200.46 mi43, Croydon Road, Beddington, Croydon, Greater London CR0 4QD3
£450K02/230.46 mi56, Lynwood Gardens, Croydon, Greater London CR0 4QH3
£560K02/210.46 mi46, Wandle Road, Croydon, Greater London CR0 1DF3
£375K11/210.47 mi32, Southbridge Road, Croydon, Greater London CR0 1AE3
£510K05/230.47 mi19, Brafferton Road, Croydon, Greater London CR0 1AD3
£610K03/230.49 mi2, West Street, Croydon, Greater London CR0 1DG3
£412K02/230.49 mi55, Clarendon Road, Croydon, Greater London CR0 3SJ3
£465K03/210.51 mi66, Croydon Road, Beddington, Croydon, Greater London CR0 4PB3
£550K07/230.53 mi38, Cherry Hill Gardens, Croydon, Greater London CR0 4QL3
£630K04/210.56 mi80, Croydon Road, Beddington, Croydon, Greater London CR0 4PD3
£570K12/220.57 mi21, Grafton Road, Croydon, Greater London CR0 3RP3
£620K03/230.58 mi10, Lavington Road, Croydon, Greater London CR0 4PP3
£530K08/210.6 mi9, Lavington Road, Croydon, Greater London CR0 4PQ3
£387K09/210.61 mi166, Sumner Road South, Croydon, Greater London CR0 3LY3
£585K05/230.63 mi94, Croydon Road, Beddington, Croydon, Greater London CR0 4PE3
£379.9K12/200.63 mi25, Merebank Lane, Croydon, Greater London CR0 4NP3
£436K11/200.63 mi7, Merebank Lane, Croydon, Greater London CR0 4NP3
£375K02/210.63 mi13, Merebank Lane, Croydon, Greater London CR0 4NP3
£402.5K07/210.64 mi1, Richmond Green, Croydon, Greater London CR0 4SA3
£420K05/210.64 mi4, Godalming Avenue, Wallington, Greater London SM6 8NH3
£425K07/230.65 mi11, Coldharbour Way, Croydon, Greater London CR0 4DX3
£600K01/230.67 mi12, Oakley Avenue, Croydon, Greater London CR0 4QP3
£475K03/210.68 mi21, Headley Avenue, Wallington, Greater London SM6 8NQ3
£442K11/200.68 mi10, Headley Avenue, Wallington, Greater London SM6 8NQ3
£510K07/230.68 mi17, Headley Avenue, Wallington, Greater London SM6 8NQ3

Local Rents

52 rents from £1.8K/mo to £2.6K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,85012/240.06 miSt Leonards Road, Croydon3
£2,40001/250.08 mi-3
£2,40001/250.08 mi-3
£1,85012/240.1 mi-3
£1,75012/240.13 miKemble Road3
£1,77512/240.15 mi-3
£1,77512/240.15 miVicarage Road, Croydon, CR03
£1,77512/240.15 miVicarage Road, Croydon, CR03
£1,85003/240.21 mi-3
£1,80012/240.21 mi-3
£2,00002/250.21 mi-3
£2,30012/240.21 mi-3
£2,50003/250.22 mi-3
£2,50003/250.24 mi-3
£1,95012/240.26 mi-3
£1,95012/240.26 mi-3
£2,40002/250.28 mi-3
£2,10002/240.29 mi-3
£2,20003/250.29 mi-3
£2,20003/250.29 mi-3
£2,10012/240.34 mi-3
£2,19503/250.38 mi-3
£2,49003/250.39 mi-3
£2,20012/240.41 miTheobald Road 3
£2,30002/250.42 mi-3
£2,59912/240.42 miThe Ridgeway, Croydon, CR03
£2,59912/240.42 mi-3
£2,50012/240.42 miBoulevard Point, Croydon, CR03
£2,50003/250.43 mi-3
£2,50003/250.43 mi-3
£2,22512/240.43 miSouthbridge Road, Croydon, CR03
£2,00003/250.45 mi-3
£1,99501/250.45 mi-3
£2,30012/240.46 mi-3
£2,35012/240.47 mi-3
£1,99503/250.47 mi-3
£1,75012/240.48 miTanfield Road, Croydon, CR03
£2,40012/240.51 miWandle Road, Croydon, CR03
£2,40002/240.51 mi-3
£2,22012/240.51 miGrafton Quarter - Caro House, ,Croydon, CR03
£2,22012/240.51 miGrafton Quarter - Caro House, ,Croydon, CR03
£2,50012/240.51 miRichmond Road, Croydon, CR03
£2,40012/240.51 miGrafton Quarter - Chadwick House, Croydon, CR03
£2,40012/240.51 miWatteau Square, Croydon CR03
£1,95012/240.53 miCroydon, Surrey, CR03
£1,90012/240.53 miCroydon, Surrey, CR03
£2,40012/240.54 miGrafton Quarter, Croydon, London, CR03
£2,40012/240.54 miGrafton Quarter, Croydon, London, CR03
£2,40012/240.54 miGrafton Quarter , Croydon, London, CR03
£2,40012/240.54 miGrafton Quarter, Croydon, London, CR03
£2,35012/240.54 miGrafton Quarter, Croydon, London, CR03
£2,35012/240.54 miGrafton Quarter, Croydon, London, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.78 miles away

Nearest school

0.10 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 £475,000

November 6, 2024

Description

  • Refurbishment Required +
  • Entrance Hall +
  • Two Receptions +
  • Kitchen +
  • Cloakroom +
  • Conservatory +
  • Three Bedrooms +
  • Garden +
  • Garage at Rear +
  • No Chain +

NO CHAIN: Kenyons are pleased to offer for sale this three bedroom semi-detached house that requires refurbishment. The property offers good size rooms and although requires work it does have the benefit of gas central heating, mostly double glazed windows and a garage located at the rear. The property is conveniently located within walking distance of the local shops and is well served with good transport facilities with various bus routes and Waddon mainline train station providing access to central London and the surrounding towns. Offered for sale with NO CHAIN - Viewing recommended.

* REFURBISHMENT REQUIRED *
* ENTRANCE PORCH * ENTRANCE HALL * LOUNGE * DINING ROOM * KITCHEN *
* CLAOKROOM * * CONSERVATORY * THREE BEDROOMS * BATHROOM *
* FRONT & REAR GARDENS * GARAGE AT REAR *
* GAS CENTRAL HEATING * MOSTLY DOUBLE GLAZED *
* CONVENIENT LOCATION *

* OFFERED FOR SALE WITH NO CHAIN *

ENTRANCE PORCH:

ENTRANCE HALL: Radiator, plate rail, understairs storage cupboard.

LOUNGE: 15'6 x 12'5 max. Bay window having front aspect, radiator, feature fireplace.

DINING ROOM: 13'2 x 11'2. Patio doors have access to rear garden, radiator, feature fireplace.

KITCHEN: 9'9 X 8'10 max. Fitted with range of base and eye level units, worksurfaces, sink unit, appliance space, door and window to conservatory.

CONSERVATORY: 10'6 X 7'11 max. Patio door to rear garden, window to side, storage cupboard door to cloakroom.

CLOAKROOM: With low flush w.c.

FROM ENTRANCE HALL STAIRS TO FIRST FLOOR LANDING:

BEDROOM ONE: 15'9 X 11'7. Window having front aspect, radiator.

BEDROOM TWO: 13'2 X 9'9. Window having rear aspect, built in wardrobes and storage, wash hand basin, radiator.

BEDROOM THREE: 8'3 x 7'10. Window having front aspect, radiator.

BATHROOM: 9'5 X 7'10. With white suite comprising: panel enclosed bath, wash hand basin, low flush w.c, storage cupboards, window to rear.

GARDEN: 50Ft approx. in length. Patio area, area lawn, further area leading to rear section and detached garage, rear gate leading to access road.

GARAGE: Detached single garage located at the rear of the garden, accessed via shared rear access road located off Duppas Road.

TENURE: FREEHOLD.

NOTICE TO PURCHASERS: Kenyons Estate Agents and their staff have not carried out any tests to any items mentioned within these details, which include services such as heating, electrical system, appliance or any fixture and fittings. We would advise purchasers to satisfy themselves as to their condition. Furthermore, please note that a Laser Tape measuring device has been used to establish the room dimensions which should not be relied upon when ordering carpets.

MAKING AN OFFER:

If you would like to make an offer for this property - ALL OFFERS MUST BE SUBMITTED IN WRITING

Please submit your offer via email

If you have any queries, please contact us

With your offer we will need the following details/information from you.

  1. Contact Details - Your Name, Address, Phone Number and Email Address

  2. Proof of ID - Either copy of - Passport or Photo Driving Licence

  3. The amount you are offering for the property

  4. Details of your position - (are you a first time buyer, do you have a property to sell - if you have your own property under offer we will need the details of the estate agent you are selling through)

  5. Details of how you will be financing the purchase. (Are you a cash buyer or if you need a mortgage). Who you will be getting a mortgage from - the amount you will need to borrowing and how much deposit you will be putting into the property.

  6. Proof of funding to include a copy of a mortgage agreement & proof of deposit amount. If you are a cash buyer we will need to see copies of statements or a letter from your solicitors confirming you have cash funds available.

Once we have the above information, we can then submit your offer to the vendor for consideration.

Kenyons - Established 1984
Celebrating 40 Years of successfully selling and letting properties in the local area.

NOTICE TO PURCHASERS: Kenyons Estate Agents and their staff have not carried out any tests to any items mentioned within these details, which include services such as heating, electrical system, appliance or any fixture and fittings. We would advise purchasers to satisfy themselves as to their condition. Furthermore, please note that a Laser Tape measuring device has been used to establish the room dimensions which should not be relied upon when ordering carpets.

Agent Details

Kenyons Estate Agents, Carshalton

020 8669 9333

Next Steps?

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