3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 7SE, £475,000

10 Chaffinch Avenue, Shirley, Croydon, Surrey CR0 7SE - 5 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£210K - £735K
Sold Prices/m²£3K/m² - £8.4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£475,000

 

 

End Value (After Refurb)

£526,640

Uplift in Value

+11%

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

£526,640

Mortgage (After Refinance)

£394,980

Mortgage LTV

75%

Cash Released

£38,730

Cash Left In

£170,094

Equity

£131,660

Rent Range

£1,900 - £3,818

Rent Estimate

£2,352

Running Costs/mo

£2,136

Cashflow/mo

£216

Cashflow/yr

£2,590

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £735K, average is £500K. £3K/m² to £8.4K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£550K06/230.05 mi30, Brookside Way, Croydon, Greater London CR0 7RR3
£532.5K11/210.05 mi30, Brookside Way, Croydon, Greater London CR0 7RR3
£540K12/200.12 mi185, The Glade, Croydon, Greater London CR0 7UN3
£535K11/210.12 mi197, The Glade, Croydon, Greater London CR0 7UN3
£500K05/210.2 mi2, Fairhaven Avenue, Croydon, Greater London CR0 7RX3
£495K03/230.2 mi7, Stokes Road, Croydon, Greater London CR0 7SD3
£470K12/200.22 mi79, Ash Tree Way, Croydon, Greater London CR0 7SW3
£552.3K02/230.22 mi63, Ash Tree Way, Croydon, Greater London CR0 7SW3
£445.5K05/210.24 mi47, Ash Tree Way, Croydon, Greater London CR0 7SU3
£545K01/230.25 mi86, Ash Tree Way, Croydon, Greater London CR0 7SX3
£445K07/230.25 mi53, Ash Tree Way, Croydon, Greater London CR0 7SU3
£210K05/230.27 mi50, Stroud Green Way, Croydon, Greater London CR0 7BB3
£483K11/210.29 mi31, Darley Close, Croydon, Greater London CR0 7QH3
£425K12/200.32 mi9, Delamare Crescent, Croydon, Greater London CR0 7BW3
£575K01/230.32 mi5, Lorne Avenue, Croydon, Greater London CR0 7RQ3
£515K11/200.32 mi10, Lorne Avenue, Croydon, Greater London CR0 7RQ3
£456K10/210.32 mi64, Lorne Gardens, Croydon, Greater London CR0 7RY3
£600K06/230.32 mi39, Aylesford Avenue, Beckenham, Greater London BR3 3SB3
£487K04/210.32 mi86, Aylesford Avenue, Beckenham, Greater London BR3 3SA3
£560K06/230.32 mi98, Aylesford Avenue, Beckenham, Greater London BR3 3SA3
£500K12/200.33 mi13, Aylesford Avenue, Beckenham, Greater London BR3 3SB3
£495K10/200.36 mi2, Greenview Avenue, Croydon, Greater London CR0 7QU3
£545K03/210.36 mi79, Abbots Way, Beckenham, Greater London BR3 3SE3
£525K11/200.37 mi12, Aviemore Way, Beckenham, Greater London BR3 3RR3
£490K02/230.39 mi22, The Glade, Croydon, Greater London CR0 7QD3
£627.5K05/210.39 mi42, The Glade, Croydon, Greater London CR0 7QD3
£475K11/200.4 mi121, Aylesford Avenue, Beckenham, Greater London BR3 3RX3
£555K11/200.4 mi3, Woodmere Close, Croydon, Greater London CR0 7PN3
£490K01/230.41 mi2, Swinburne Crescent, Croydon, Greater London CR0 7BY3
£474K12/200.42 mi42, Ambleside Avenue, Beckenham, Greater London BR3 3RW3
£502.5K04/210.43 mi91, Aviemore Way, Beckenham, Greater London BR3 3RS3
£615K08/230.43 mi39, Abbots Way, Beckenham, Greater London BR3 3RJ3
£515K03/230.44 mi119, Estcourt Road, London, Greater London SE25 4SA3
£460.5K11/200.44 mi113, Estcourt Road, London, Greater London SE25 4SA3
£430K03/210.44 mi46, Macclesfield Road, London, Greater London SE25 4RX3
£485K03/230.45 mi26, Burrell Close, Croydon, Greater London CR0 7QL3
£465K04/210.45 mi192, Albert Road, London, Greater London SE25 4RL3
£535K12/200.45 mi16, Abbots Way, Beckenham, Greater London BR3 3RL3
£250K10/210.46 mi22, Longhurst Road, Croydon, Greater London CR0 7AS3
£420K06/230.46 mi10, Longhurst Road, Croydon, Greater London CR0 7AS3
£462K02/230.47 mi273, Albert Road, London, Greater London SE25 4RN3
£455K02/210.47 mi65, Estcourt Road, London, Greater London SE25 4SB3
£710K08/210.47 mi65, Woodmere Avenue, Croydon, Greater London CR0 7PX3
£525K12/200.47 mi85, Greenview Avenue, Beckenham, Greater London BR3 3RU3
£560K05/230.47 mi122, Greenview Avenue, Beckenham, Greater London BR3 3RU3
£523K03/210.48 mi229, Orchard Way, Beckenham, Greater London BR3 3EL3
£735K12/200.48 mi37, Woodmere Avenue, Croydon, Greater London CR0 7PJ3
£430K01/210.48 mi17, Tudor Road, London, Greater London SE25 4RH3
£650K12/220.48 mi13b, Woodmere Gardens, Croydon, Greater London CR0 7PL3
£430K01/230.49 mi63, Estcourt Road, London, Greater London SE25 4SB3

Local Rents

28 rents from £1.9K/mo to £3.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20003/250.15 mi-3
£2,30012/240.2 miStokes Road, Croydon, CR03
£2,15012/240.2 miStokes Road, Croydon, Surrey3
£2,15012/240.2 miStokes Road Croydon CR03
£2,15012/240.2 miStokes Road, Shirley, Croydon, CR03
£2,60012/240.22 mi-3
£2,10012/240.27 mi-3
£2,10004/250.27 mi-3
£2,20012/240.36 miGreenview Avenue, Croydon, CR03
£2,00012/240.4 miRound Grove Croydon CR03
£3,81803/250.42 mi-3
£2,10003/250.43 mi-3
£2,15012/240.44 miStroud Green Way, Croydon, CR03
£2,15012/240.44 miStroud Green Way, CR03
£2,75002/240.48 mi-3
£2,75012/240.48 mi-3
£2,75012/240.48 miWoodmere Avenue, Croydon, CR03
£1,95012/240.5 miWoodmere Avenue, Shirley, CR03
£2,10012/240.52 miChaucer Green, Croydon, CR03
£2,60009/240.56 mi-3
£2,10004/240.58 mi-3
£1,90008/240.58 miDundee Road, London, SE253
£3,60005/240.59 mi-3
£3,45004/240.59 miHillcrest Close, Beckenham, BR33
£2,15012/240.59 miOrchard Avenue, Shirley, CR03
£2,20012/240.59 miOrchard Avenue3
£2,00004/250.6 mi-3
£2,10012/240.6 miRegency Walk, Shirley, Croydon, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 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 12, 2024

Floor Plans

Description

  • CHAIN FREE +
  • 3 Bed Semi +
  • 2 Reception Rooms +
  • Double Glazing and Central Heating +
  • 92' Garden +
  • In Need of Modernisation +
  • Attached Garage and Drive +
  • Good Location +

CHAIN FREE A 1930s 3 bedroom semi-detached house in need of modernisation which has been reflected in the asking price. 3 bedrooms, family bathroom, 2 reception rooms, kitchen, ground floor cloakroom, 92' garden, garage and large drive, double glazing and central heating. Once modernised, the property will make a lovely family home,

Well placed for local shops in Bywood Avenue, parkland, primary and secondary schools, and bus routes.  Arena tram stop and Elmers End rail and tram stations are close at hand with fast and frequent services to central London and beyond. There is also a Tesco Superstore at Elmers End.  Beckenham and Addiscombe centres are a short drive away.

Agent Details

Proctors, Shirley

020 3873 1486

Next Steps?

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