4 Bed Semi-Detached House, Refurb/BRRR, South Croydon, CR2 8DA, £549,500

Farley Road, Selsdon, South Croydon, CR2 8DA - 4 views - 5 months ago

Refurb/BRRR
ROI: 1%
~129 m²
+14 photos

ValuationFair Value

Sold Prices£435K - £925K
Sold Prices/m²£3.9K/m² - £7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.3K/m²

Value Estimate

£560,490

 

 

End Value (After Refurb)

£622,171

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,375

Stamp Duty & Legal Fees

£32,660

Refurb Costs

£68,400

Bridging Loan Interest

£14,424

Total Cash In

£254,609

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£622,171

Mortgage (After Refinance)

£466,628

Mortgage LTV

75%

Cash Released

£54,503

Cash Left In

£200,106

Equity

£155,543

Rent Range

£1,900 - £3,050

Rent Estimate

£2,738

Running Costs/mo

£2,512

Cashflow/mo

£226

Cashflow/yr

£2,713

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £435K to £925K, average is £702.5K. £3.9K/m² to £7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£587.5K04/210.05 mi13, Rylandes Road, South Croydon, Greater London CR2 8EB4
£595K12/200.07 mi18, Rylandes Road, South Croydon, Greater London CR2 8EA4
£523K03/210.13 mi16, Upper Selsdon Road, South Croydon, Greater London CR2 8DE4
£600K11/200.22 mi12, Crozier Drive, South Croydon, Greater London CR2 8DX4
£625K11/200.22 mi14, Crozier Drive, South Croydon, Greater London CR2 8DX4
£710K05/230.25 mi89, Farley Road, South Croydon, Greater London CR2 7NJ4
£750K07/230.26 mi12, Brent Road, South Croydon, Greater London CR2 7NR4
£780K05/230.26 mi16, Arundel Avenue, South Croydon, Greater London CR2 8BA4
£484K06/230.29 mi98, Foxearth Road, South Croydon, Greater London CR2 8EF4
£465K11/210.32 mi99, Benhurst Gardens, South Croydon, Greater London CR2 8NY4
£722K12/220.33 mi102, Farley Road, South Croydon, Greater London CR2 7NE4
£475.3K04/210.34 mi129, Sundale Avenue, South Croydon, Greater London CR2 8RX4
£700K10/210.34 mi6, Langley Oaks Avenue, South Croydon, Greater London CR2 8DH4
£595K04/210.36 mi85, Upper Selsdon Road, South Croydon, Greater London CR2 0DP4
£725K06/210.36 mi24, Norfolk Avenue, South Croydon, Greater London CR2 8BN4
£635K12/200.38 mi11, Woodland Gardens, South Croydon, Greater London CR2 8PH4
£840K01/230.38 mi17b, Woodland Gardens, South Croydon, Greater London CR2 8PH4
£727.5K12/200.39 mi33, Arundel Avenue, South Croydon, Greater London CR2 8BJ4
£775K10/220.4 mi128, Littleheath Road, South Croydon, Greater London CR2 7SE4
£647K02/210.44 mi95, Arundel Avenue, South Croydon, Greater London CR2 8BL4
£740K02/210.44 mi67, Arundel Avenue, South Croydon, Greater London CR2 8BL4
£670K08/210.46 mi280, Addington Road, South Croydon, Greater London CR2 8LF4
£705K09/210.46 mi163, Farley Road, South Croydon, Greater London CR2 7NN4
£435K11/200.46 mi18, Martin Close, South Croydon, Greater London CR2 8QS4
£801.2K09/210.47 mi120, Arundel Avenue, South Croydon, Greater London CR2 8BH4
£709K02/210.47 mi114, Arundel Avenue, South Croydon, Greater London CR2 8BH4
£785K12/220.49 mi136, Littleheath Road, South Croydon, Greater London CR2 7SF4
£705K08/210.5 mi158, Littleheath Road, South Croydon, Greater London CR2 7SF4
£720K12/200.51 mi153, Upper Selsdon Road, South Croydon, Greater London CR2 0DU4
£730K01/230.51 mi34, The Gallop, South Croydon, Greater London CR2 7LP4
£600K12/200.52 mi12, Birdwood Close, South Croydon, Greater London CR2 8QG4
£616K11/220.53 mi4, Bullfinch Road, South Croydon, Greater London CR2 8PW4
£800K05/230.53 mi80, Norfolk Avenue, South Croydon, Greater London CR2 8BS4
£719K04/210.53 mi104, Norfolk Avenue, South Croydon, Greater London CR2 8BS4
£825K02/230.54 mi133, Norfolk Avenue, South Croydon, Greater London CR2 8BY4
£600K06/210.55 mi9, Ravenshead Close, South Croydon, Greater London CR2 8RL4
£692.5K02/230.55 mi42, Ravenshead Close, South Croydon, Greater London CR2 8RL4
£770K10/210.55 mi143, Norfolk Avenue, South Croydon, Greater London CR2 8BY4
£495K01/210.57 mi14, Lichfield Way, South Croydon, Greater London CR2 8SD4
£525K12/220.61 mi44, Warren Avenue, South Croydon, Greater London CR2 8HU4
£495K04/210.62 mi27, Chestnut Grove, South Croydon, Greater London CR2 7LL4
£486K04/210.62 mi2, Herondale, South Croydon, Greater London CR2 8SN4
£840K03/210.63 mi66, Arkwright Road, South Croydon, Greater London CR2 0LL4
£700K06/230.65 mi9, Addington Road, South Croydon, Greater London CR2 8RF4
£840K11/200.65 mi59, Arkwright Road, South Croydon, Greater London CR2 0LP4
£810K11/200.69 mi21, Arkwright Road, South Croydon, Greater London CR2 0LN4
£925K11/200.69 mi19, Arkwright Road, South Croydon, Greater London CR2 0LN4
£850K02/210.7 mi7, Chapel View, South Croydon, Greater London CR2 7LG4
£685K11/210.7 mi3, Jordan Close, South Croydon, Greater London CR2 0JW4
£616K12/220.7 mi1, Turnstone Close, South Croydon, Greater London CR2 8SP4

Local Rents

15 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,05001/250.19 mi-5
£2,95002/250.19 mi-5
£2,85004/250.2 mi-5
£1,99511/240.21 mi-3
£2,85004/250.23 mi-3
£2,25002/240.26 mi-3
£1,90012/240.26 miFoxearth Road, South Croydon3
£1,95001/250.28 mi-3
£1,95012/240.33 miLittleheath Road, South Croydon CR23
£1,95012/240.33 miLittleheath Road, South Croydon, Cr2 7SJ3
£1,90012/240.34 miFoxearth Road, South Croydon, Surrey, CR2 8EN3
£2,25012/240.48 miRidge Langley, Sanderstead, Surrey, CR2 0AP3
£2,45002/250.56 mi-3
£2,40001/250.59 mi-3
£2,80009/240.62 mi-4

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.47 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £549,500

December 3, 2024

Floor Plans

Description

  • 4 bedroom Semi detached Home +
  • 2 Reception rooms +
  • Utility Room +
  • Downstairs WC +
  • Family Shower Room and separate WC +
  • Good sized garden +
  • Garage & Driveway +
  • Close to Local Amenities and transport +
  • NO ONWARD CHAIN +

CHAIN FREE - Hubbard Torlot are pleased to present to the market this 4 bedroom property located on Farley Road, Selsdon, within minutes of Selsdon Parade. The property is in need of modernisation but offers spacious accommodation throughout with an entrance porch, two large reception rooms, the rear with French doors leading to the Conservatory. A kitchen, utility room and a ground floor W.C. To the first floor are 4 bedrooms, two of which are doubles. The property has been extended over the garage and access to bedroom 2 is through bedroom 4. There is also a family bathroom comprising of a double shower, wash hand basin and Vanity unit and a separate W.C. Council Tax E. Please call now to arrange your viewing.

Adding to the appeal of the location of this property are the great amenities in the local and surrounding area including several mainline railway stations operating on separate lines, bus services linking Croydon, Purley, Sanderstead and Warlingham, shopping facilities at Selsdon, Croydon, Purley and Sanderstead Village as well as excellent state and private school for all ages including the nearby Croydon High School For Girls, Greenvale Primary School, Royal Russell, Whitgift and Trinity. The M25/M23 junction 6 can be found at Godstone and provides access to Gatwick Airport, the south coast and Bluewater Shopping Centre.

Agent Details

Hubbard Torlot, Selsdon

020 3376 6187

Next Steps?

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

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