2 Bed Flat, Refurb/BRRR, Croydon, CR0 1AP, £265,000

Tanfield Road, Croydon, CR0 1AP - 1 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~76 m²
+5 photos

ValuationUndervalued

Sold Prices£215K - £437.5K
Sold Prices/m²£2.8K/m² - £12.2K/m²

 

 

Square Metres

~76.37 m²
Price/m²£3.5K/m²

Value Estimate

£272,950
BMV3%

 

 

End Value (After Refurb)

£365,690

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£40,365

Bridging Loan Interest

£6,956

Total Cash In

£125,222

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£365,690

Agent Fees (1%)

£3,657

Bridging Loan

£198,750

Bridging Loan Interest

£6,956

Flip Profit

£38,061

Local Sold Prices

47 sold prices from £215K to £437.5K, average is £306K. £2.8K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£345K05/230.09 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£286K12/220.13 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.13 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.14 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.16 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£294K04/230.16 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£250K08/210.17 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£295K09/210.22 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.22 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£306K12/200.29 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£270K05/230.37 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£270K02/230.37 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£223K07/230.46 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£250K05/230.53 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£243K02/230.62 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£330K01/230.66 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£325K08/210.67 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£368K05/230.68 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£321K06/210.69 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.69 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.69 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£305K01/230.7 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£297K11/200.72 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.72 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£280K02/210.74 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£292.5K02/230.74 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£437.5K12/200.77 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£375K03/210.79 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£315K10/210.8 mi19a, Merebank Lane, Croydon, Greater London CR0 4NP2
£326K09/210.8 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£322.5K04/210.8 mi5, Merebank Lane, Croydon, Greater London CR0 4NP2
£305K01/210.85 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£310K05/230.86 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.86 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.86 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.86 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£215K04/210.88 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£255K07/230.88 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£320K12/200.9 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£335K10/210.96 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.96 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£299.5K10/210.96 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£327K12/200.97 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£423K11/200.97 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£340K02/210.97 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£367.5K09/210.98 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£375K02/230.99 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2

Local Rents

52 rents from £1.4K/mo to £2.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.04 mi-2
£1,65003/250.09 mi-2
£2,50002/250.09 mi-2
£1,40012/240.11 miBramley Hill, South Croydon2
£1,65012/240.11 miParker Road, Croydon2
£2,40003/250.11 mi-2
£2,00012/240.12 miKeens Road, Croydon, CR02
£1,85012/240.12 miKeens Road, Croydon, CR02
£1,99902/240.13 mi-2
£1,99902/240.13 mi-2
£1,99912/240.13 miKeens Road, Croydon, CR02
£1,70012/240.13 mi-2
£1,55012/240.14 miSouth Croydon, Surrey, CR22
£1,90003/250.15 mi-2
£1,50002/240.16 mi-2
£1,80012/240.16 mi-2
£1,45002/240.18 mi-2
£1,45002/240.18 mi-2
£1,70002/240.2 mi-2
£1,75003/250.2 mi-2
£1,75003/250.23 mi-2
£1,35003/250.24 mi-2
£1,70012/240.24 miDuppas Hill Terrace, Croydon2
£1,60012/240.25 miFairhaven Court, Warham Road, South Croydon2
£1,65012/240.25 miWarham Road, South Croydon, CR22
£2,15002/240.25 mi-2
£1,60012/240.25 miHigh Street, Croydon, CR02
£1,59512/240.26 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,59512/240.26 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,85012/240.26 miHigh Street, Croydon, CR02
£1,95003/250.26 mi-2
£1,70003/240.27 mi-2
£1,75012/240.27 miHeathfield Rd, Croydon, CR02
£2,60012/240.27 mi-2
£1,85001/250.27 mi-2
£1,70002/250.28 mi-2
£1,60012/240.28 miBrighton Road, SOUTH CROYDON2
£1,79902/240.28 mi-2
£1,80012/240.28 miBrand New Luxury Apartment2
£1,85012/240.29 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,90012/240.29 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.29 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.29 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,80012/240.29 miLeon House, High Street, Croydon2
£1,60002/240.31 mi-2
£1,45003/240.31 mi-2
£1,55012/240.31 mi-2
£1,70002/240.31 mi-2
£1,65012/240.31 miPark Lane, Croydon, Surrey, CR02
£1,51512/240.32 miSt. Peters Road, South Croydon, Surrey, CR02
£1,98511/240.32 mi-2
£1,80012/240.32 miCentre View Apartments, Central Croydon, Croydon, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £265,000

December 6, 2024

Floor Plans

Description

  • Recently refurbished +
  • Two double bedrooms +
  • Brand new fitted kitchen with integrated appliances +
  • Spacious 'L' shaped Living / Dining room +
  • New double glazed windows +
  • Residents permit parking +
  • Ideal location for local shops bars and restaurants +
  • No onward chain +

A beautifully refurbished first-floor apartment offering two double bedrooms and the convenience of no onward chain. Recently transformed through an extensive renovation, the property boasts new double-glazed windows, a modernised kitchen, and a stylish new bathroom. Inside, the apartment provides generous, well-designed living spaces, including an L-shaped dual-aspect lounge with a dining area, two spacious double bedrooms, and a newly fitted bathroom.

Outside: The property benefits from communal gardens and residents permit parking.

Situation: Tanfield Road is within easy reach of South Croydon Station, East Croydon Station, West Croydon Station and Waddon Station, which can all be accessed inside 15 minutes. The Tram Links and Bus Stations are also close by too. Trains from Croydon give superb access to Central London, South London and nationally with travel times of 12 Minutes to London Bridge and 17 minutes to London Victoria. Gatwick is 15 minutes away and Kings Cross can be reached in only 22 minutes. These journey times make Croydon the best connected suburb of London.

Sitting on the edge of green belt Croydon gives access to open countryside which is sometimes harder to access in rural areas. Croydon and its surrounding areas have excellent schools at all age ranges in both the state and private sector and will provide an excellent base for those seeking to work or study in Central London.

Tenure: Leasehold

Lease details: The lease is currently 125 years from 8 March 1982 (approx 83 years remaining), however this is being extended by a further 90 years .

Council Tax band: C

Local Authority: London borough of Croydon

Agent Details

Moveli, London & Country

020 3906 1015

Next Steps?

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