2 Bed Flat, Single Let, Croydon, CR0 4NL, £175,000

Stafford Road, Croydon, CR0 4NL - 37 views - 5 months ago

Leasehold

BTL

ROI: 14%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£215K - £380K
Sold Prices/m²	£2.8K/m² - £5.1K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£217,000£217,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£6,450£6,450
Total Cash In	£50,200£50,200

Cash Out
Rent Range	£1,200 - £3,000£1,200 - £3,000
Rent Estimate	£1,450
Running Costs/mo	£857£857
Cashflow/mo	£593£593
Cashflow/yr	£7,118£7,118
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

29 sold prices from £215K to £380K, average is £280K. £2.8K/m² to £5.1K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£315K	10/21	0.31 mi	19a, Merebank Lane, Croydon, Greater London CR0 4NP	£4,828	65	2	Flat
£322.5K	04/21	0.31 mi	5, Merebank Lane, Croydon, Greater London CR0 4NP	-	-	2	Flat
£250K	08/21	0.41 mi	Flat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP	-	-	2	Flat
£248K	04/23	0.46 mi	29, Waldronhyrst, South Croydon, Greater London CR2 6NZ	£4,133	60	2	Flat
£315K	12/20	0.48 mi	48, Waldronhyrst, South Croydon, Greater London CR2 6NY	£3,938	80	2	Flat
£275K	01/23	0.48 mi	50, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,583	60	2	Flat
£286K	12/22	0.48 mi	4, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,767	60	2	Flat
£250K	05/23	0.49 mi	114b, Waddon New Road, Croydon, Greater London CR0 4JE	£4,828	52	2	Flat
£223K	07/23	0.58 mi	271, Violet Lane, Croydon, Greater London CR0 4HN	-	-	2	Flat
£345K	05/23	0.61 mi	Ground Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX	£4,539	76	2	Flat
£294K	04/23	0.66 mi	The First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG	-	-	2	Flat
£270K	02/23	0.68 mi	24, Charles Street, Croydon, Greater London CR0 1TR	£5,094	53	2	Flat
£295K	09/21	0.72 mi	36a, Warham Road, South Croydon, Greater London CR2 6LA	£4,041	73	2	Flat
£380K	01/23	0.72 mi	28a, Warham Road, South Croydon, Greater London CR2 6LA	£4,810	79	2	Flat
£267.5K	10/20	0.73 mi	Flat 5, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR	-	-	2	Flat
£264K	04/21	0.73 mi	Flat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR	-	-	2	Flat
£252.5K	09/21	0.73 mi	Flat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR	-	-	2	Flat
£225K	04/21	0.75 mi	43, Plough Lane Close, Wallington, Greater London SM6 8JN	£3,750	60	2	Flat
£270K	01/23	0.79 mi	17, Meller Close, Croydon, Greater London CR0 4UB	£3,415	79	2	Flat
£321K	06/21	0.85 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£321K	06/21	0.85 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£300K	02/21	0.85 mi	39, St Anns Way, South Croydon, Greater London CR2 6DN	£4,762	63	2	Flat
£306K	12/20	0.86 mi	4a, St Peters Road, Croydon, Greater London CR0 1HD	£4,500	68	2	Flat
£297K	11/20	0.88 mi	209, Pampisford Road, South Croydon, Greater London CR2 6DF	£5,121	58	2	Flat
£290K	03/21	0.88 mi	211, Pampisford Road, South Croydon, Greater London CR2 6DF	-	-	2	Flat
£270K	05/23	0.89 mi	Flat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW	-	-	2	Flat
£215K	04/21	0.92 mi	1, Rodney Close, Croydon, Greater London CR0 3RX	£2,756	78	2	Flat
£280K	01/21	0.97 mi	98, Eastney Road, Croydon, Greater London CR0 3TE	£3,415	82	2	Flat
£245K	03/23	0.98 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat

Local Rents

51 rents from £1.2K/mo to £3K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,499	12/24	0.05 mi	-	2	Flat
£1,569	12/24	0.05 mi	-	2	Flat
£1,625	12/24	0.05 mi	-	2	Flat
£1,800	12/24	0.06 mi	-	2	Terraced House
£1,675	01/25	0.06 mi	-	2	Terraced House
£1,675	12/24	0.09 mi	Waddon Park Avenue, Croydon, CR0	2	Flat
£1,650	12/24	0.13 mi	-	2	Flat
£1,600	12/24	0.16 mi	Duppas Hill Road, Croydon, CR0	2	Flat
£1,675	02/24	0.16 mi	-	2	Flat
£1,500	12/24	0.16 mi	Old School Place, Croydon	2	Flat
£1,800	03/25	0.17 mi	-	2	Flat
£1,850	02/25	0.17 mi	-	2	Flat
£1,750	03/25	0.17 mi	-	2	Flat
£1,500	12/24	0.22 mi	Duppas Hill Road, Croydon	2	Flat
£1,800	03/25	0.24 mi	-	2	Flat
£1,650	12/24	0.27 mi	Stafford Road, London, CR0	2	Flat
£1,650	03/24	0.27 mi	-	2	Flat
£1,800	12/24	0.28 mi	-	2	Flat
£1,500	03/24	0.29 mi	-	2	Flat
£1,200	03/25	0.29 mi	-	2	Flat
£1,250	12/24	0.31 mi	Benson Road, Croydon, London, CR0	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,600	12/24	0.31 mi	-	2	Flat
£1,600	02/24	0.32 mi	-	2	Flat
£1,450	03/24	0.32 mi	-	2	Flat
£1,550	12/24	0.32 mi	-	2	Flat
£1,450	12/24	0.32 mi	Crowley Crescent, Croydon	2	Flat
£1,450	12/24	0.32 mi	Crowley Crescent, Croydon	2	Flat
£1,650	12/24	0.33 mi	21 Peebles Court, Croydon	2	Flat
£2,000	12/24	0.34 mi	-	2	Semi-Detached House
£1,500	02/25	0.34 mi	-	2	Flat
£1,550	12/24	0.35 mi	Epsom Road, Croydon, CR0	2	Flat
£1,750	12/24	0.37 mi	Borough Hill Croydon CR0	2	Flat
£1,750	02/25	0.37 mi	-	2	Terraced House
£2,999	12/24	0.39 mi	-	2	Terraced House
£2,999	12/24	0.39 mi	Eland Road, Croydon, CR0	2	Terraced House
£3,000	02/24	0.4 mi	-	2	Flat
£2,750	08/24	0.4 mi	-	2	Flat
£2,250	01/25	0.4 mi	-	2	Flat
£2,250	03/25	0.4 mi	-	2	Flat
£2,250	02/25	0.4 mi	-	2	Flat
£1,695	12/24	0.4 mi	-	2	Terraced House
£1,500	02/24	0.41 mi	-	2	Flat
£1,800	02/25	0.41 mi	-	2	Bungalow
£1,750	12/24	0.42 mi	-	2	Flat
£1,750	12/24	0.42 mi	-	2	Flat
£1,750	12/24	0.42 mi	-	2	Flat
£1,695	02/24	0.42 mi	-	2	House
£1,700	12/24	0.42 mi	-	2	Flat
£1,735	01/25	0.42 mi	-	2	Flat
£1,700	12/24	0.42 mi	Duppas Hill Terrace, Croydon	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	1.99 miles away1.99 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.04 miles away0.04 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

Listed for £175,000

November 11, 2024

Floor Plans

Description

2 Bedrooms +
Purpose Built Flat +
No Chain +
Ideal Investment Opportunity +
Close To Waddon Train Station +
Garage +

This fantastic two-bedroom purpose-built flat is conveniently located near a train station and local shopping facilities on Purley Way.
The property boasts spacious rooms with the added comfort and convenience of gas central heating and double-glazed windows. Furthermore, the allocated parking space and a garage ensures ease and security for residents.
With its ideal location and features, this property is perfectly suited for a first-time buyer or as a rental investment opportunity.
The property is offered for sale with no chain.

Agent Details

haart, Croydon

020 3835 6281

Next Steps?

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

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