3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 6TA, £365,000

8 Cross Road, Croydon, Greater London, CR0 6TA - 10 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£310K - £555K
Sold Prices/m²£2.3K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£365,000

 

 

End Value (After Refurb)

£454,145

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£49,155

Bridging Loan Interest

£9,581

Total Cash In

£169,636

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£454,145

Mortgage (After Refinance)

£340,609

Mortgage LTV

75%

Cash Released

£66,859

Cash Left In

£102,778

Equity

£113,536

Rent Range

£1,750 - £4,000

Rent Estimate

£2,330

Running Costs/mo

£1,905

Cashflow/mo

£425

Cashflow/yr

£5,098

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £310K to £555K, average is £440.5K. £2.3K/m² to £6.1K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£390K10/210.09 mi20, Alpha Road, Croydon, Greater London CR0 6TH3
£369.6K06/210.15 mi42, Leslie Park Road, Croydon, Greater London CR0 6TP3
£410K09/210.17 mi14b, Davidson Road, Croydon, Greater London CR0 6DA3
£505K09/210.18 mi41, Cedar Road, Croydon, Greater London CR0 6UG3
£540K03/230.18 mi39, Cedar Road, Croydon, Greater London CR0 6UG3
£525K01/230.18 mi186, Oval Road, Croydon, Greater London CR0 6BN3
£515.5K02/210.18 mi172, Oval Road, Croydon, Greater London CR0 6BN3
£460K06/210.2 mi133, Lebanon Road, Croydon, Greater London CR0 6UU3
£322K12/200.23 mi119, Addiscombe Court Road, Croydon, Greater London CR0 6TX3
£515K01/210.23 mi121, Addiscombe Court Road, Croydon, Greater London CR0 6TX3
£445K12/200.26 mi102, Addiscombe Court Road, Croydon, Greater London CR0 6TS3
£395K07/230.26 mi34, Davidson Road, Croydon, Greater London CR0 6DB3
£450K04/210.27 mi28, Tunstall Road, Croydon, Greater London CR0 6TU3
£386K05/210.29 mi9, Tunstall Road, Croydon, Greater London CR0 6TY3
£441K02/210.29 mi43, Tunstall Road, Croydon, Greater London CR0 6TY3
£450K04/210.29 mi45, Tunstall Road, Croydon, Greater London CR0 6TY3
£320K02/210.29 mi55, Lebanon Road, Croydon, Greater London CR0 6UT3
£410K11/200.3 mi3, Grenaby Road, Croydon, Greater London CR0 2EJ3
£450K04/230.32 mi19, Addiscombe Court Road, Croydon, Greater London CR0 6TT3
£440K12/200.33 mi123, Davidson Road, Croydon, Greater London CR0 6DN3
£445K01/230.34 mi42, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£485K09/210.34 mi66, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£420K08/230.34 mi36, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£493K04/230.34 mi105, Tunstall Road, Croydon, Greater London CR0 6TZ3
£465K06/210.35 mi94, Alexandra Road, Croydon, Greater London CR0 6EW3
£494K06/210.36 mi99, Alexandra Road, Croydon, Greater London CR0 6EZ3
£403K06/210.38 mi47, Hastings Road, Croydon, Greater London CR0 6PH3
£430K02/230.38 mi33, Hastings Road, Croydon, Greater London CR0 6PH3
£460K02/230.4 mi65, Stretton Road, Croydon, Greater London CR0 6ES3
£465K06/230.41 mi1, Stretton Road, Croydon, Greater London CR0 6EQ3
£468.5K12/200.41 mi21, Stretton Road, Croydon, Greater London CR0 6EQ3
£445K01/210.42 mi100, Granville Close, Croydon, Greater London CR0 5PZ3
£555K01/230.45 mi73, Exeter Road, Croydon, Greater London CR0 6EL3
£405K06/210.45 mi185, Davidson Road, Croydon, Greater London CR0 6DP3
£310K03/230.46 mi37, Cromwell Road, Croydon, Greater London CR0 2JZ3
£515K02/230.48 mi114, Turnpike Link, Croydon, Greater London CR0 5NY3
£420K09/210.48 mi81, Rymer Road, Croydon, Greater London CR0 6EF3
£440K03/230.49 mi64, Rymer Road, Croydon, Greater London CR0 6EE3
£425K06/210.5 mi2, Devonshire Road, Croydon, Greater London CR0 2JU3
£435K09/210.51 mi4, Windermere Road, Croydon, Greater London CR0 6PP3
£430K06/210.52 mi9, Windermere Road, Croydon, Greater London CR0 6PP3
£500K10/210.53 mi15, Amberley Grove, Croydon, Greater London CR0 6ND3
£417K02/230.53 mi95, Exeter Road, Croydon, Greater London CR0 6EL3
£550K06/230.57 mi34, Havelock Road, Croydon, Greater London CR0 6QP3
£437.5K04/210.58 mi151, Dalmally Road, Croydon, Greater London CR0 6LZ3
£423.5K11/210.58 mi96, Capri Road, Addiscombe, Croydon, Greater London CR0 6LF3
£375K04/210.63 mi14, Laurier Road, Croydon, Greater London CR0 6JQ3
£425K07/230.63 mi24, Laurier Road, Croydon, Greater London CR0 6JQ3
£400K02/210.64 mi41, Dominion Road, Croydon, Greater London CR0 6JP3
£450K03/230.66 mi37, Highbarrow Road, Croydon, Greater London CR0 6LD3

Local Rents

50 rents from £1.8K/mo to £4K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,90012/240.03 mi-3
£2,00012/240.07 miCross Road, CROYDON3
£1,90003/240.1 mi-3
£1,90012/240.1 miAlpha Road, Croydon, CR03
£2,10012/240.1 miAlpha Road, East Croydon, CR03
£2,20012/240.14 miOval Road, East Croydon, CR03
£2,15003/250.14 mi-3
£2,35012/240.14 miAmarelle Apartments, 41 Cherry Orchard Road, Croydon3
£2,00012/240.17 miDavidson Road, Croydon, CR03
£2,50012/240.17 miFreemasons Road, Croydon, CR03
£2,05003/250.17 mi-3
£2,15003/250.18 mi-3
£2,50012/240.21 miAlexandra Road, Croydon, CR03
£2,50012/240.21 miAlexandra Road, Croydon, CR03
£2,70003/250.21 mi-3
£2,30012/240.22 miAlexandra Road, Croydon, CR03
£1,90012/240.23 miAddiscombe Court Road, East Croydon3
£2,35012/240.26 mi-3
£1,90012/240.26 mi-3
£2,45012/240.26 mi-3
£2,45002/250.26 mi-3
£1,85012/240.27 miTunstall Road, East Croydon3
£1,95012/240.28 miDavidson Road, Croydon, CR03
£1,95012/240.28 miDavidson Road, Croydon, CR03
£2,15003/250.28 mi-3
£2,10012/240.3 mi-3
£2,40002/250.3 mi-3
£1,85012/240.32 miAddiscombe Court Road, Croydon CR03
£2,85012/240.32 miGrenaby Avenue, Croydon, CR03
£2,85003/240.32 mi-3
£2,10012/240.33 miSydenham Road, Croydon, CR03
£1,95012/240.33 miDavidson Road, Croydon, CR03
£1,95012/240.33 miDavidson Road, Croydon, CR03
£1,75012/240.34 miGrenaby Avenue, Croydon, CR03
£2,20012/240.34 miAddiscombe Court Road, Croydon, CR03
£1,75012/240.34 miGrenaby Avenue, Croydon, CR03
£2,00012/240.34 miTunstall Road, CROYDON3
£2,00012/240.34 miTunstall Road, Croydon CR03
£2,35003/250.35 mi-3
£4,00002/250.35 mi-3
£2,00012/240.37 miAddiscombe Road, Croydon, CR0 6SA3
£1,75012/240.37 mi-3
£2,65212/240.38 miGeorge Street, Croydon, CR03
£2,65212/240.38 miGeorge Street, Croydon, CR03
£2,65212/240.38 miGeorge Street, Croydon, CR03
£2,65212/240.38 miGeorge Street, Croydon, CR03
£2,65212/240.38 miGeorge Street, Croydon, CR03
£2,81712/240.38 miGeorge Street, Croydon, CR03
£2,54012/240.38 miGeorge Street, Croydon, CR03
£2,68112/240.38 miGeorge Street, Croydon, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £365,000

November 17, 2024

Sold for £211,000

2007

Sold for £119,000

2001

Sold for £57,000

1997

Floor Plans

Description

  • TERRACED HOME +
  • IN NEED OF MODERNISATION +
  • 3 BEDROOMS +
  • 0.1 MILES FROM EAST CROYDON +
  • HUGE POTENTIAL (STP) +
  • 2 RECEPTION ROOMS +
  • NO CHAIN +
  • 40FT GARDEN +

IN NEED OF MODERNISATION, NO CHAIN.

Situated in a popular East Croydon location, within 5 minute’s walk to East Croydon Station offering fantastic access to Croydon vast shops, restaurants, bars and reputable schools.

The property have huge potential subject to planning. Spacious Terraced home, 2 reception rooms, 1 bathroom.

Moments from East Croydon Station with its fast and frequent links into Central London and beyond, also the trams and bus terminus are within easy reach, perfect for investors.

his house is truly deceptive from outside – once through the door the space on offer is fantastic!
The house offers a large reception/dining room. To the rear there is a fitted kitchen and bathroom.

In addition to the ground floor accommodation, on the first floor we have THREE DOUBLE bedrooms. On the outside the rear garden surely is of great size.

PORCH:
Front door.

RECEPTION: 25'9" x 10'7" (7.85m x 3.23m)

LEAN TO:
Door to garden.

KITCHEN: 10' x 6'6" (3.05m x 1.98m)

GROUND FLOOR BATHROOM:

LANDING:
Access to loft.

BEDROOM 1: 11'2" x 10'8" (3.4m x 3.25m)

BEDROOM 2: 11'2" x 7'9" (3.4m x 2.36m)

BEDROOM 3: 10'1" x 6'6" (3.07m x 1.98m)

GARDEN: 40

DIRECTIONS
Cross Road is a turning off Cherry Orchard Road, ideally situated for East Croydon Station with a fast and frequent service into Victoria/London Bridge ((approximately 16 minutes). It is ideally situated for access into Central Croydon with its vast selection of shopping, leisure and commercial outlets.

TRANSPORT
East Croydon (0.1 Miles)
Lebanon Road Tram Stop (0.3 miles)
Wellesley Road Tram Stop (0.4 miles)

SCHOOLS - INFANTS & PRIMARY
Al-Khair School 0.1 miles

Al-Khair Secondary Girl 0.1 miles

Ark Oval Primary Academy 0.1 miles

St. Mary's Catholic Junior School 0.2 miles

Agent Details

Streets Ahead, Croydon Central

020 3879 5714

Next Steps?

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