3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 7BN, £420,000

Chaucer Green, Addiscombe, CR0 7BN - 7 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£210K - £710K
Sold Prices/m²£3K/m² - £8.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.5K/m²

Value Estimate

£424,200

 

 

End Value (After Refurb)

£479,715

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£105,000

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£49,155

Bridging Loan Interest

£11,025

Total Cash In

£189,230

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£479,715

Mortgage (After Refinance)

£359,786

Mortgage LTV

75%

Cash Released

£44,786

Cash Left In

£144,444

Equity

£119,929

Rent Range

£1,900 - £2,750

Rent Estimate

£2,273

Running Costs/mo

£1,974

Cashflow/mo

£299

Cashflow/yr

£3,591

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £710K, average is £461.5K. £3K/m² to £8.4K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£420K09/210.04 mi30, Chaucer Green, Croydon, Greater London CR0 7BN3
£490K01/230.15 mi2, Swinburne Crescent, Croydon, Greater London CR0 7BY3
£425K12/200.2 mi9, Delamare Crescent, Croydon, Greater London CR0 7BW3
£530K06/210.24 mi54, Shirley Park Road, Croydon, Greater London CR0 7EU3
£412K09/210.25 mi10, Shirley Road, Croydon, Greater London CR0 7EP3
£485K04/230.25 mi38, Shirley Road, Croydon, Greater London CR0 7EP3
£462.5K03/230.25 mi26, Shirley Road, Croydon, Greater London CR0 7EP3
£210K05/230.27 mi50, Stroud Green Way, Croydon, Greater London CR0 7BB3
£550K05/210.27 mi10, Glenthorne Avenue, Croydon, Greater London CR0 7EY3
£450K11/200.28 mi4, Brockenhurst Road, Croydon, Greater London CR0 7DR3
£520K05/210.28 mi22, Brockenhurst Road, Croydon, Greater London CR0 7DR3
£250K10/210.31 mi22, Longhurst Road, Croydon, Greater London CR0 7AS3
£420K06/230.31 mi10, Longhurst Road, Croydon, Greater London CR0 7AS3
£485K04/230.31 mi63, Shirley Road, Croydon, Greater London CR0 7ES3
£650K12/220.33 mi13b, Woodmere Gardens, Croydon, Greater London CR0 7PL3
£485K01/230.34 mi30, Pagehurst Road, Croydon, Greater London CR0 6NR3
£500K05/210.34 mi2, Fairhaven Avenue, Croydon, Greater London CR0 7RX3
£467K02/210.35 mi34, Pagehurst Road, Croydon, Greater London CR0 6NR3
£395K09/210.35 mi10, Estcourt Road, London, Greater London SE25 4SD3
£465K12/200.37 mi81, Shirley Road, Croydon, Greater London CR0 7LQ3
£430K01/230.37 mi45, Estcourt Road, London, Greater London SE25 4SE3
£455K02/210.38 mi65, Estcourt Road, London, Greater London SE25 4SB3
£430K01/230.39 mi63, Estcourt Road, London, Greater London SE25 4SB3
£490K01/210.4 mi53, Wydehurst Road, Croydon, Greater London CR0 6NJ3
£479K03/210.4 mi13, Wydehurst Road, Croydon, Greater London CR0 6NJ3
£505K05/230.4 mi48, Ashburton Avenue, Croydon, Greater London CR0 7JE3
£420K08/210.41 mi78b, Primrose Lane, Croydon, Greater London CR0 8YS3
£495K07/230.41 mi72a, Primrose Lane, Croydon, Greater London CR0 8YS3
£710K08/210.41 mi65, Woodmere Avenue, Croydon, Greater London CR0 7PX3
£515K03/230.41 mi119, Estcourt Road, London, Greater London SE25 4SA3
£460.5K11/200.41 mi113, Estcourt Road, London, Greater London SE25 4SA3
£415K03/210.42 mi4, Honeysuckle Gardens, Croydon, Greater London CR0 8XU3
£463K08/210.42 mi20, Cumberland Road, London, Greater London SE25 4RE3
£446K03/210.43 mi2, Blackhorse Lane, Croydon, Greater London CR0 6RS3
£440K01/230.43 mi13, Blackhorse Lane, Croydon, Greater London CR0 6RT3
£444.5K06/210.44 mi9, Stroud Road, London, Greater London SE25 5DR3
£437K05/210.44 mi137, Primrose Lane, Croydon, Greater London CR0 8YP3
£405K02/210.44 mi45, Spring Lane, London, Greater London SE25 4SP3
£417K06/210.44 mi40, Cumberland Road, London, Greater London SE25 4RE3
£500K06/230.44 mi13, Stroud Road, London, Greater London SE25 5DR3
£555K11/200.44 mi3, Woodmere Close, Croydon, Greater London CR0 7PN3
£435K03/210.45 mi2, Marigold Way, Croydon, Greater London CR0 8YD3
£575K01/230.45 mi5, Lorne Avenue, Croydon, Greater London CR0 7RQ3
£515K11/200.45 mi10, Lorne Avenue, Croydon, Greater London CR0 7RQ3
£418K03/210.45 mi130, Woodside Green, London, Greater London SE25 5EW3
£450K04/210.46 mi3, Blackhorse Lane, Croydon, Greater London CR0 6RT3
£430K01/210.47 mi17, Tudor Road, London, Greater London SE25 4RH3
£340K06/210.48 mi16e, Salisbury Road, London, Greater London SE25 5DU3
£470K06/210.48 mi15, Mere End, Croydon, Greater London CR0 7PS3
£495K04/230.48 mi54, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE3

Local Rents

36 rents from £1.9K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,10012/240.05 miChaucer Green, Croydon, CR03
£2,15012/240.14 miStroud Green Way, Croydon, CR03
£2,15012/240.14 miStroud Green Way, CR03
£2,30004/250.23 mi-3
£2,50004/250.24 mi-3
£2,20012/240.25 miShirley Road, Croydon, CR03
£1,95012/240.26 miWoodmere Avenue, Shirley, CR03
£2,30012/240.37 mi-3
£2,60012/240.39 mi-3
£2,00004/250.42 mi-3
£2,10003/250.43 mi-3
£2,00012/240.44 mi-3
£2,75002/240.45 mi-3
£2,75012/240.45 mi-3
£2,75012/240.45 miWoodmere Avenue, Croydon, CR03
£2,25012/240.46 miBlackhorse Lane, Croydon, Surrey3
£2,00012/240.49 miCornflower Lane Shirley Oaks Croydon CR0 8XJ3
£1,98503/240.49 mi-3
£2,10012/240.5 mi-3
£2,60009/240.51 mi-3
£2,00012/240.52 miRound Grove Croydon CR03
£2,15012/240.53 miStokes Road, Shirley, Croydon, CR03
£2,15012/240.54 miStokes Road Croydon CR03
£2,10012/240.54 mi-3
£2,30012/240.55 miStokes Road, Croydon, CR03
£2,20012/240.55 miCompton Road, Addiscombe, CR03
£2,15012/240.55 miStokes Road, Croydon, Surrey3
£2,20003/250.56 mi-3
£2,20002/250.59 mi-3
£2,10003/250.59 mi-3
£1,90008/240.59 miDundee Road, London, SE253
£2,50008/240.61 mi-3
£2,50008/240.61 mi-3
£2,49508/240.61 mi-3
£2,49508/240.61 mi-3
£2,50008/240.61 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £420,000

November 15, 2024

Floor Plans

Description

  • Semi Detached +
  • Three Bedrooms +
  • Family Home +
  • Spacious Throughout +
  • Excellent First Time Purchase +
  • Close To Various Amenities +
  • Close To Arena Tram Stop +
  • Close To Various Schools +
  • No Onward Chain +
  • Highly Recommended +

Introducing this charming semi-detached family home situated in the sought-after area of Addiscombe. Upon entering, you are greeted by a spacious entrance hall leading to a front reception room, a rear dining room, and a good sized fitted kitchen . The property boasts three spacious bedrooms, a first floor wet room, and a separate WC for added convenience.

With a large rear garden offering ample outdoor space, this property is ideal for those looking to enjoy the summer months or for children to play in. The property also benefits from no onward chain, making it an excellent first time purchase for those looking to step onto the property ladder.

Located close to various shops and amenities, as well as schools, residents will find everything they need right on their doorstep. Additionally, the Arena tram stop is close by, providing easy access to East Croydon mainline station, Elmers End, and surrounding areas.

In need of some modernisation, this property presents a fantastic opportunity for buyers to add their own personal touch and create their dream home. Don't miss out on the chance to view this property and make it your own. Contact Cray & Norton today to arrange a viewing.

Mobile coverage

EE: Green
Vodafone Green
Three Green
O2 Green

Predicted Broadband Speeds:

Basic: 15 Mbps
Superfast: 80 Mbps

Satellite / Fibre TV Availability to include BT, Sky & Virgin.

Cray & Norton Estate Agents, their clients and any joint agents give Notice that they have no authority to make or give any representations on warranties in relation to the property. Any statements on which a purchaser wishes to rely must be checked through their solicitor or conveyancers. These Particulars do not form part of any offer or contract and must not be relied upon as statements or representation of fact. Any areas, measurements, dimensions are approximate and must be independently verified. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has necessary Planning, Building Regulation or other Consents. We have not tested any appliances, services, facilities or equipment and Purchasers must satisfy themselves as to their adequacy and condition. We have not investigated Title, or the existence of any Covenants or other legal matters which may affect the property.

Croydon Estate Agent
Croydon Letting Agent

Croydons Estate Agent
Croydons Letting Agent

Agent Details

Cray & Norton Estate Agents, Croydon

020 3889 9177

Next Steps?

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