2 Bed Flat, Single Let, Croydon, CR0 6XE, £320,000

Outram Road, Addiscombe, CR0 6XE - 2 views - 5 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.5K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.7K/m²

Value Estimate

£305,418

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£14,300

Total Cash In

£94,300

 

 

Cash Out

 

Rent Range

£1,250 - £3,000

Rent Estimate

£1,398

Running Costs/mo

£1,300

Cashflow/mo

£98

Cashflow/yr

£1,181

ROI

1%

Gross Yield

5%

Local Sold Prices

41 sold prices from £200K to £660K, average is £299.5K. £2.5K/m² to £6.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£260K06/210.03 mi53d, Outram Road, Croydon, Greater London CR0 6XG2
£282.5K06/230.09 mi45a, Havelock Road, Croydon, Greater London CR0 6QQ2
£660K06/210.17 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£248K04/210.24 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£300K04/230.27 mi63, Fisher Close, Croydon, Greater London CR0 6QY2
£275K11/210.33 mi43, East India Way, Croydon, Greater London CR0 6NZ2
£335K10/210.41 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.41 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£375K02/230.41 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£299.5K10/210.42 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£343K09/210.43 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.43 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£257K08/210.44 mi33, Burnham Gardens, Croydon, Greater London CR0 6NP2
£266K02/230.44 mi30, Burnham Gardens, Croydon, Greater London CR0 6NP2
£329.2K06/210.44 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£265K01/230.44 mi42, Burnham Gardens, Croydon, Greater London CR0 6NP2
£340K02/210.45 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£367.5K09/210.46 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£320K12/200.46 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£327K12/200.5 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£334K07/230.51 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£255K07/230.53 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£337.5K12/200.56 mi74, Dartnell Road, Croydon, Greater London CR0 6JA2
£375K03/210.57 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£326K09/210.59 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£352K06/210.6 mi8a, Vincent Road, Croydon, Greater London CR0 6ED2
£292.5K02/230.63 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£262K03/210.73 mi18, Brampton Road, Croydon, Greater London CR0 6JN2
£259.5K01/210.73 mi32, Brampton Road, Croydon, Greater London CR0 6JN2
£260K02/210.75 mi58, Woodside Green, London, Greater London SE25 5EU2
£270K08/230.79 mi60, Manning Gardens, Croydon, Greater London CR0 7DU2
£265K11/200.79 mi39, Manning Gardens, Croydon, Greater London CR0 7DU2
£280K02/210.79 mi66, Manning Gardens, Croydon, Greater London CR0 7DU2
£200K06/210.84 mi7, Coe Avenue, London, Greater London SE25 5HN2
£245K12/210.85 mi15, Hardcastle Close, Croydon, Greater London CR0 6XQ2
£310K05/230.94 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.94 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.94 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.94 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£294K03/230.98 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£345K03/210.99 mi197, Woodside Green, London, Greater London SE25 5EN2

Local Rents

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

RentDateDistanceAddressBeds 
£1,59502/240.03 mi-2
£1,59502/240.03 mi-2
£2,75004/250.03 mi-2
£1,60012/240.03 miOutram Road, Croydon, CR02
£1,50012/240.03 miOutram Road, CR02
£2,30004/250.05 mi-2
£3,00004/250.05 mi-2
£1,40012/240.06 miCollege Court 2
£1,40012/240.06 miAshburton Road, Addiscombe2
£1,32512/240.08 miHavelock Road, Croydon, CR02
£1,77712/240.08 mi-2
£1,45012/240.09 miAddiscombe Road, Croydon, CR02
£1,53002/250.09 mi-2
£1,40004/250.09 mi-2
£1,50012/240.1 miAddiscombe Road, Croydon2
£1,55012/240.11 miSt. Davids Court, 100 Outram Road, Croydon, CR02
£1,55012/240.11 mi2 Bedroom Flat To Let in Croydon2
£1,60002/250.12 mi-2
£1,60012/240.12 miAddiscombe Road, Croydon, CR02
£1,55012/240.12 miCecil Court, Addiscombe Road, Croydon, CR02
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55002/250.12 mi-2
£1,55003/250.12 mi-2
£1,60012/240.13 miElgin Road, Croydon, CR02
£1,25002/250.15 mi-2
£1,55012/240.15 miAshburton Road, Croydon, Surrey, CR02
£1,70002/240.15 mi-2
£1,70004/250.16 mi-2
£1,55012/240.16 miLower Addiscombe Road, Addiscombe, CR02
£1,39512/240.17 miLynden Hyrst, East Croydon2
£1,60012/240.17 miLynden Hyrst, Addiscombe Road2
£1,60012/240.18 miHamilton Court, 66 Ashburton Road, Croydon, CR02
£2,10003/250.19 mi-2
£1,85002/250.19 mi-2
£1,60012/240.19 miAddiscombe Road, Croydon, CR02
£1,65002/250.19 mi-2
£1,50012/240.21 miSullivan Court, Croydon, Surrey, CR02
£1,85001/250.21 mi-2
£1,40002/250.22 mi-2
£1,29504/250.22 mi-2
£1,85012/240.23 miRadcliffe Road, East Croydon2
£1,50012/240.23 miLower Addiscombe Road, Croydon, Surrey, CR02
£1,45012/240.25 mi-2
£1,40012/240.25 mi135 Addiscombe Road, Croydon, CR0 6SJ2
£1,50002/250.26 mi-2
£2,40004/250.26 mi-2
£1,60003/250.26 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.53 miles away

Nearest school

0.50 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £320,000

November 16, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Purpose Built Flat +
  • Perfect First Time Purchase +
  • Excellent Condition +
  • Allocated Parking +
  • Popular Residential Location +
  • Close To East Croydon Station +
  • Ample Storage Cupboards +
  • Convenient Location +
  • Must Be Viewed +

Introducing this superb purpose-built flat situated in the highly desirable residential location of Addiscombe. Boasting a spacious interior, this property features an entrance hallway with two ample storage cupboards, a bathroom with both bath and shower cubicle, as well as a separate WC. The two excellent sized double bedrooms, one with a large fitted wardrobe, offer ample space, while the spacious reception room and generous fitted kitchen provide the perfect setting for comfortable living.

Externally, this property offers allocated parking, ensuring convenience for homeowners, as well as access to the communal garden for outdoor enjoyment. Ideal for first-time buyers or investors, this property is in excellent condition throughout and has the added benefit of a recently extended lease.

This property's location further enhances its appeal, being in close proximity to a range of amenities such as shops and excellent transport links including Sandilands tram stop and East Croydon mainline station which offers frequent services to London Bridge, London Victoria, Gatwick Airport and surrounding areas. Residents can also enjoy nearby outside spaces like Addiscombe recreation ground and Lloyd Park, perfect for leisurely strolls or outdoor activities.

Don't miss out on the opportunity to view this exceptional property in Addiscombe. Contact Cray & Norton now to arrange a viewing on this excellent home.

Predicted Broadband Speeds:

Basic: 16 Mbps
Superfast: 80 Mbps
Ultrafast: 1000 Mbps

Mobile Coverage

EE: Green
Vodafone: Green
Three: Green
O2: Green

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 💪