2 Bed Flat, Single Let, Croydon, CR0 2SW, £300,000

London Road, Croydon, CR0 2SW - 10 views - 5 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£195K - £346K
Sold Prices/m²	£2.8K/m² - £6K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£319,025£319,025

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£89,700£89,700

Cash Out
Rent Range	£1,400 - £2,350£1,400 - £2,350
Rent Estimate	£1,475
Running Costs/mo	£1,253£1,253
Cashflow/mo	£223£223
Cashflow/yr	£2,670£2,670
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £195K to £346K, average is £283K. £2.8K/m² to £6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£286K	05/23	0.09 mi	46, Greenside Road, Croydon, Greater London CR0 3PL	£4,540	63	2	Flat
£255K	03/23	0.16 mi	69a, Greenside Road, Croydon, Greater London CR0 3PQ	-	-	2	Flat
£245K	03/23	0.32 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat
£290K	07/23	0.33 mi	125, Queens Road, Croydon, Greater London CR0 2PT	£4,031	72	2	Flat
£260K	09/21	0.33 mi	125a, Queens Road, Croydon, Greater London CR0 2PT	£4,333	60	2	Flat
£280K	01/21	0.34 mi	98, Eastney Road, Croydon, Greater London CR0 3TE	£3,415	82	2	Flat
£305K	04/23	0.38 mi	79, Onslow Road, Croydon, Greater London CR0 3NY	£6,028	51	2	Flat
£295K	11/21	0.41 mi	16, Prestwood Gardens, Croydon, Greater London CR0 2TW	£4,403	67	2	Flat
£195K	12/22	0.48 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£215K	04/21	0.48 mi	1, Rodney Close, Croydon, Greater London CR0 3RX	£2,756	78	2	Flat
£280K	06/21	0.67 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£220K	03/23	0.69 mi	183a, Whitehorse Road, Croydon, Greater London CR0 2LJ	£3,333	66	2	Flat
£294K	03/23	0.69 mi	31a, Clarence Road, Croydon, Greater London CR0 2EN	£4,900	60	2	Flat
£265K	08/21	0.7 mi	17a, Henderson Road, Croydon, Greater London CR0 2QG	£3,897	68	2	Flat
£270K	02/23	0.74 mi	46, Kelvin Gardens, Croydon, Greater London CR0 4UR	-	-	2	Flat
£270K	01/23	0.83 mi	181, Franklin Way, Croydon, Greater London CR0 4UX	£5,240	52	2	Flat
£256K	06/21	0.83 mi	139, Franklin Way, Croydon, Greater London CR0 4UX	£5,689	45	2	Flat
£250K	05/23	0.87 mi	114b, Waddon New Road, Croydon, Greater London CR0 4JE	£4,828	52	2	Flat
£320K	12/22	0.89 mi	Flat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN	-	-	2	Flat
£340K	09/22	0.91 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£295K	12/22	0.92 mi	63b, Saxon Road, London, Greater London SE25 5EH	-	-	2	Flat
£295K	08/21	0.94 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£298K	01/23	0.96 mi	Flat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT	-	-	2	Flat
£290K	10/21	0.96 mi	9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ	-	-	2	Flat
£346K	01/21	0.98 mi	51a, Dagnall Park, London, Greater London SE25 5EG	£4,873	71	2	Flat
£296.5K	03/21	0.99 mi	Ground Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS	£5,594	53	2	Flat

Local Rents

51 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	02/25	0.02 mi	-	2	Flat
£1,675	12/24	0.03 mi	London Road, Croydon, CR0	2	Flat
£1,600	12/24	0.08 mi	Bensham Lane, Croydon, CR0	2	Flat
£1,775	03/24	0.12 mi	-	2	Flat
£1,500	02/24	0.12 mi	-	2	Flat
£1,550	12/24	0.14 mi	London Road, Croydon, CR0	2	Flat
£1,625	03/25	0.15 mi	-	2	Flat
£1,500	12/24	0.16 mi	Francis Road, Croydon, CR0	2	Flat
£1,400	12/24	0.16 mi	Francis Road, Croydon	2	Flat
£1,700	02/24	0.18 mi	-	2	Semi-Detached House
£1,475	03/24	0.19 mi	-	2	Flat
£1,750	12/24	0.19 mi	Pemdevon Road, Croydon, CR0	2	Terraced House
£1,450	12/24	0.19 mi	-	2	Flat
£1,450	02/25	0.19 mi	-	2	Flat
£1,500	12/24	0.2 mi	London Road Croydon CR0	2	Flat
£1,700	03/25	0.22 mi	-	2	Terraced House
£1,700	03/25	0.22 mi	-	2	Terraced House
£1,750	12/24	0.22 mi	Pemdevon, CR0	2	Terraced House
£1,700	12/24	0.23 mi	Dennett Road, Croydon, CR0	2	Terraced House
£1,600	03/24	0.23 mi	Fiveacre Close, Thornton Heath	2	Flat
£1,700	12/24	0.24 mi	Sumner Road, CR0	2	Terraced House
£1,700	12/24	0.24 mi	Sumner Road, CR0	2	Terraced House
£1,800	12/24	0.24 mi	-	2	Terraced House
£1,800	12/24	0.25 mi	Handcroft Road, CR0	2	Terraced House
£1,850	02/25	0.26 mi	-	2	Terraced House
£1,600	01/25	0.27 mi	-	2	Terraced House
£1,850	03/25	0.29 mi	-	2	Flat
£1,500	12/24	0.29 mi	Two bedroom flat to rent in Croydon	2	Flat
£1,700	03/25	0.3 mi	-	2	Flat
£1,700	03/25	0.3 mi	-	2	Flat
£1,650	02/25	0.3 mi	-	2	Flat
£1,450	02/25	0.3 mi	-	2	Flat
£1,650	12/24	0.31 mi	-	2	Flat
£1,650	12/24	0.31 mi	-	2	Flat
£1,600	12/24	0.31 mi	London Road, Croydon	2	Flat
£1,500	12/24	0.31 mi	-	2	Flat
£1,800	03/25	0.32 mi	-	2	Semi-Detached House
£1,700	03/24	0.32 mi	-	2	Flat
£1,900	03/24	0.32 mi	-	2	Flat
£1,650	01/25	0.32 mi	-	2	Flat
£1,900	12/24	0.32 mi	Kidderminster Road, Croydon	2	Flat
£1,900	12/24	0.32 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,700	12/24	0.33 mi	Kidderminster Road, Croydon	2	Flat
£1,900	12/24	0.33 mi	Kidderminster Road, Croydon	2	Flat
£1,700	12/24	0.33 mi	Kidderminster Road, CROYDON	2	Flat
£1,700	12/24	0.33 mi	Kidderminster Road, CR0	2	Flat
£1,550	02/25	0.34 mi	-	2	Flat
£1,400	01/25	0.35 mi	-	2	Flat
£1,900	12/24	0.35 mi	Grafton Quarter, Croydon, London, CR0	2	Flat
£1,700	12/24	0.36 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,700	03/25	0.43 mi	-	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	2.01 miles away2.01 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Price changed to £300,000

January 15, 2025

Listed for £325,000

November 6, 2024

Floor Plans

Description

Fantastic 2 bedroom 5th floor flat +
Bright and spacious reception room +
Semi open-plan fitted kitchen +
2 balconies +
Generous double bedrooms +
2 en-suite bathrooms and additional WC +
Allocated parking space in a secure underground parking +
Excellent central location +

Set within a new development with secure underground parking, this fantastic 2 bedroom flat further benefits from spacious reception room, semi open-plan kitchen, 2 en-suite bathrooms and 2 balconies.

The property benefits from a great location as London Road offers a good selection of shops, pubs and cafes while local buses and West Croydon train station provide a good transport links into central London.

Please use the reference CHPK3963682 when contacting Foxtons.

Agent Details

Foxtons, Croydon

020 3907 3418

Next Steps?

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

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