2 Bed Flat, Single Let, South Croydon, CR2 7EX, £345,000

19 Spencer Road, South Croydon, CR2 7EX - 5 months ago

Sold STC
Leasehold
BTL
ROI: 1%
57 m²
+9 photos

ValuationOvervalued

Sold Prices£223K - £660K
Sold Prices/m²£3.4K/m² - £12.2K/m²

 

 

Square Metres

56.90 m²
Price/m²£6.1K/m²

Value Estimate

£271,088

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£86,250

Stamp Duty & Legal Fees

£16,300

Total Cash In

£102,550

 

 

Cash Out

 

Rent Range

£1,300 - £2,950

Rent Estimate

£1,478

Running Costs/mo

£1,394

Cashflow/mo

£84

Cashflow/yr

£1,011

ROI

1%

Gross Yield

5%

Local Sold Prices

46 sold prices from £223K to £660K, average is £316.5K. £3.4K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£305K01/210.06 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£310K05/230.11 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.11 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.11 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.11 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£330K01/230.13 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£243K02/230.19 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£368K05/230.19 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£280K02/210.19 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£305K01/230.39 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£270K05/230.47 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£306K12/200.53 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£255K07/230.54 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£327K12/200.54 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£367.5K09/210.58 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£340K02/210.6 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£343K09/210.61 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.61 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£375K02/230.64 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£295K09/210.65 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.65 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£325K08/210.66 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£335K10/210.69 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.69 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£375K03/210.71 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£292.5K02/230.73 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£345K05/230.75 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£320K12/200.75 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£294K04/230.77 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£437.5K12/200.78 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£326K09/210.78 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£299.5K10/210.83 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£286K12/220.87 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.87 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.88 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£660K06/210.88 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£248K04/230.9 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£423K11/200.91 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£329.2K06/210.94 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£270K02/230.95 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£250K08/210.95 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£248K04/210.97 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£223K07/230.98 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£321K06/210.99 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.99 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.99 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,80004/250.05 mi-2
£1,65004/250.06 mi-2
£1,90011/240.06 mi-2
£1,79012/240.09 mi-2
£1,67002/240.09 mi-2
£1,75012/240.11 miCroham Park Avenue, SOUTH CROYDON2
£1,69912/240.13 miCroham Road, Cranbrook Court, CR22
£1,50002/240.13 mi-2
£1,50002/240.13 mi-2
£1,60012/240.13 miCampion Close, Croydon2
£1,80002/250.14 mi-2
£1,30012/240.14 miSouth Croydon, Surrey2
£2,95003/240.15 mi-2
£1,65012/240.15 mi-2
£1,65012/240.17 miCroham Park Avenue, South Croydon, CR22
£1,50012/240.19 miSycamore Close, CR22
£1,65002/250.2 mi-2
£1,70011/240.24 mi-2
£1,65012/240.24 mi20 Normanton Road, South Croydon, CR2 7AR2
£1,65004/250.25 mi-2
£1,92502/250.25 mi-2
£1,77503/250.25 mi-2
£1,54512/240.28 miCroham Road, CR22
£1,45012/240.28 miRosamund Close, South Croydon2
£1,55012/240.28 miNormanton Road, South Croydon, CR22
£1,65012/240.28 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.28 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.29 miSouth Park Hill Road, South Croydon, CR22
£1,50002/240.29 mi-2
£1,79512/240.29 miSouth Park Hill Road, South Croydon 2
£1,69512/240.29 miSouth Park Hill Road, South Croydon2
£1,69512/240.29 miSouth Park Hill Road, South Croydon, CR22
£1,80002/250.29 mi-2
£1,75012/240.3 mi-2
£1,70004/250.3 mi-2
£1,80004/250.3 mi-2
£1,70012/240.31 mi2 bedroom Ground Floor Flat in South Croydon2
£1,65002/250.31 mi-2
£1,60012/240.31 miMuggeridge Close , South Croydon2
£1,45012/240.31 miMuggeridge Close, South Croydon2
£1,60012/240.31 miMuggeridge Close, South Croydon2
£1,47512/240.35 miDornton Road, CR22
£1,40001/250.35 mi-2
£1,60012/240.36 miHarewood Road, South Croydon, Surrey, CR22
£1,85004/250.36 mi-2
£1,50001/250.37 mi-2
£1,50002/240.38 mi-2
£1,50002/240.38 mi-2
£1,50003/240.38 mi-2
£1,50012/240.38 mi-2
£1,62012/240.39 miBirchend Close, South Croydon2

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.28 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £345,000

November 14, 2024

Floor Plans

Description

  • Luxury 2 Bedroom Apartment +
  • Two bathrooms +
  • Large kicthen breakfast room +
  • Bright and spacious living room +
  • Juilette balcony +
  • Underfloor Heating +
  • Gated Parking +
  • Two built in storage cupboards +
  • Access to fully boarded loft for the flat +
  • Your earliest viewing is advised +

Paul Meakin are delighted to market this stunning two double bedroom two bathroom apartment situated in the popular Spencer Road within the heart of South Croydon. This fabulous property offers under floor heating, a large kitchen breakfast room with built in appliances, a bright and spacious living room with Juilette balcony, two double bedrooms with en suite to master bedroom, access to private boarded loft space, and an allocated parking space via gated access. This location is perfect for first time buyers as is close to shops, bars and restaurants of South Croydon, and open spaces like Lloyd Park are all a short walk away. South Croydon station, Tramlink and regular bus services to East Croydon are all close at hand making this the perfect property for buyers. Your earliest viewing is advised to appreciate location, presentation and size. Council tax band D / EPC C/ Leasehold 105 years remaining/ Service charge £2700/ Ground rent £150.

Hallway -

Kitchen - 3.63m x 3.28m (11'11 x 10'9) -

Living Room - 5.51m x 3.35m (18'1 x 11'0) -

Bedroom - 4.52m x 2.97m (14'10 x 9'9) -

Ensuite Shower Room -

Bedroom - 3.94m x 2.39m (12'11 x 7'10) -

Bathroom -

Shared Parking Bays -

Agent Details

Paul Meakin Estate Agents, South Croydon

020 3910 6643

Next Steps?

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