3 Bed Detached House, Refurb/BRRR, Croydon, CR0 5SQ, £775,000

Coombe Road, Croydon, CR0 5SQ - 4 views - 5 months ago

Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£320K - £910K
Sold Prices/m²£3K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£8.3K/m²

Value Estimate

£465,000

 

 

End Value (After Refurb)

£761,834

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£49,155

Bridging Loan Interest

£20,344

Total Cash In

£315,699

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£761,834

Mortgage (After Refinance)

£571,375

Mortgage LTV

75%

Cash Left In

£315,699

Equity

£190,458

Rent Range

£1,800 - £2,700

Rent Estimate

£2,108

Running Costs/mo

£2,822

Cashflow/mo

£-714

Cashflow/yr

£-8,572

Gross Yield

3%

Local Sold Prices

50 sold prices from £320K to £910K, average is £460.5K. £3K/m² to £6.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£545K03/230.19 mi28, Minster Drive, Croydon, Greater London CR0 5UP3
£660K12/220.21 mi10, Birdhurst Gardens, South Croydon, Greater London CR2 7DT3
£520K01/210.27 mi11, Birdhurst Avenue, South Croydon, Greater London CR2 7DX3
£535K06/230.38 mi63, Temple Road, Croydon, Greater London CR0 1HW3
£426K07/230.43 mi40, Bardsley Close, Croydon, Greater London CR0 5PT3
£440K03/210.43 mi5, Croham Road, South Croydon, Greater London CR2 7PB3
£445K02/210.49 mi85, Park Hill Rise, Croydon, Greater London CR0 5JH3
£460K01/230.49 mi40, Selsdon Road, South Croydon, Greater London CR2 6PB3
£385K11/200.51 mi43, Whitmead Close, South Croydon, Greater London CR2 7AS3
£475K09/210.53 mi87, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£432.5K01/210.53 mi63, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£625K02/230.54 mi21, Bench Field, South Croydon, Greater London CR2 7HX3
£515K02/230.54 mi114, Turnpike Link, Croydon, Greater London CR0 5NY3
£445K01/210.55 mi100, Granville Close, Croydon, Greater London CR0 5PZ3
£595K05/210.57 mi14, Bench Field, South Croydon, Greater London CR2 7HX3
£415K06/230.57 mi27, Sussex Road, South Croydon, Greater London CR2 7DB3
£368.5K08/210.57 mi67, Sussex Road, South Croydon, Greater London CR2 7DB3
£450K12/220.57 mi11, Sussex Road, South Croydon, Greater London CR2 7DB3
£480K09/210.58 mi18, Upland Road, South Croydon, Greater London CR2 6RD3
£450K12/220.62 mi21, Selsdon Avenue, South Croydon, Greater London CR2 6PP3
£632.5K12/220.63 mi6, Rockhampton Road, South Croydon, Greater London CR2 7AQ3
£515K04/210.64 mi9, Rockhampton Road, South Croydon, Greater London CR2 7AQ3
£427K12/200.66 mi313, Selsdon Road, South Croydon, Greater London CR2 6PT3
£487K01/230.66 mi315, Selsdon Road, South Croydon, Greater London CR2 6PT3
£450K03/210.66 mi345, Selsdon Road, South Croydon, Greater London CR2 6PT3
£610K03/230.67 mi2, West Street, Croydon, Greater London CR0 1DG3
£560K02/210.7 mi46, Wandle Road, Croydon, Greater London CR0 1DF3
£375K11/210.71 mi32, Southbridge Road, Croydon, Greater London CR0 1AE3
£510K05/230.71 mi19, Brafferton Road, Croydon, Greater London CR0 1AD3
£910K06/210.71 mi13, Ballards Farm Road, South Croydon, Greater London CR2 7JB3
£461.1K01/230.72 mi57, Newark Road, South Croydon, Greater London CR2 6HR3
£425K03/210.72 mi12, Laud Street, Croydon, Greater London CR0 1SU3
£525K11/200.73 mi258, Selsdon Road, South Croydon, Greater London CR2 7AA3
£437K02/230.73 mi4, Jarvis Road, South Croydon, Greater London CR2 6HU3
£400K03/210.74 mi47, Newark Road, South Croydon, Greater London CR2 6HR3
£492.5K05/230.74 mi61, Tanfield Road, Croydon, Greater London CR0 1AN3
£410K06/210.74 mi8, Chelsham Road, South Croydon, Greater London CR2 6HY3
£575K06/210.75 mi62, Chelsham Road, South Croydon, Greater London CR2 6HY3
£320K02/210.75 mi55, Lebanon Road, Croydon, Greater London CR0 6UT3
£450K06/210.75 mi49, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£465.5K11/200.75 mi39, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£485K09/210.76 mi66, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£420K08/230.76 mi36, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£685K11/200.76 mi23, Croham Valley Road, South Croydon, Greater London CR2 7JE3
£375K09/210.76 mi44, Newark Road, South Croydon, Greater London CR2 6HQ3
£410K05/230.76 mi40, Newark Road, South Croydon, Greater London CR2 6HQ3
£445K01/230.76 mi42, Addiscombe Court Road, Croydon, Greater London CR0 6TQ3
£483.6K12/220.76 mi40, Tanfield Road, Croydon, Greater London CR0 1AL3
£450K04/230.76 mi19, Addiscombe Court Road, Croydon, Greater London CR0 6TT3
£615K12/200.77 mi11, Carlton Road, South Croydon, Greater London CR2 0BP3

Local Rents

31 rents from £1.8K/mo to £2.7K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,90012/240.07 miCampion Close, Croydon, Surrey, CR03
£1,90012/240.07 mi-3
£1,90012/240.07 miCampion Close, Croydon, CR03
£2,20012/240.19 miSouth Park Hill Road, SOUTH CROYDON3
£1,90012/240.34 miEngadine Close, Croydon, CR03
£1,90012/240.35 miEngadine Close, Croydon CR03
£2,00001/250.42 mi-3
£2,00003/240.42 mi-3
£1,85012/240.42 miSt. Peters Road, Croydon, CR03
£2,07004/250.43 mi-3
£1,85012/240.46 miMulgrave Road, Croydon3
£2,30004/250.54 mi-3
£1,80012/240.55 miSunnynook Gardens, Croydon, CR23
£2,30012/240.55 mi-3
£2,00002/240.55 mi-3
£2,20012/240.56 miEdridge Road, CR03
£2,00012/240.56 mi-3
£2,00004/250.56 mi-3
£2,28012/240.56 miMasons Avenue, Central Croydon, Croydon, CR03
£2,40003/250.56 mi-3
£2,10012/240.57 miTurnpike Link, Croydon, CR03
£1,80004/250.57 mi-3
£2,00012/240.57 miTurnpike Link, Croydon, CR03
£2,70012/240.58 miTurnpike Link, Croydon, CR03
£2,70012/240.58 mi-3
£2,40012/240.58 mi-3
£2,39001/250.58 mi-3
£2,00004/250.58 mi-3
£1,85004/250.58 mi-3
£2,09904/250.59 mi-3
£1,97504/250.62 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.74 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £775,000

December 11, 2024

Floor Plans

Description

  • Attractive Three Bedroom Detached Family Home +
  • Pretty Private Garden +
  • Popular Residential Location +
  • Requiring Modernisation +
  • Upstairs Bathroom/WC And Downstairs Guest WC +
  • Double Length Reception Room +
  • Separate Well Equipped Older Style Kitchen +
  • Close To Transport Links, Schools And Amenities +
  • Garage And Off Street Parking +
  • Easy Access Croydon Town Centre +

The Property
Attractive three bedroom detached family home with private garden, driveway parking and garage, conveniently situated in a popular residential South Croydon location, within easy reach of transport links and amenities. The property would benefit from a programme of modernisation and internal refurbishment, but offers bright and spacious accommodation with enormous scope for upgrade and customisation to suit own taste. Features include a double length through reception, generous older style fitted kitchen, upstairs family bathroom and separate WC, ground floor cloakroom, inbuilt storage, gas central heating, and double glazing.

Accommodation comprises a wide entrance hallway with stairs rising to the first floor and access to guest WC, leading into the bright and spacious double length reception room with attractive bay windows to front and rear, and double doors onto the garden. The separate kitchen comprises a range of matching wall and base units with work surfaces incorporating inset sink unit and further space for appliances. To the first floor, there are three well proportioned bedrooms - two doubles and a generous single - plus a family bathroom with corner bath suite, walk-in shower unit, and separate WC.

The property is superbly located within easy access of Tramlink from Lloyd Park, as well as South Croydon station, providing convenient links into East Croydon mainline station, Central London and the surrounding area. Regular bus routes also service nearby Croydon town centre with its array of shops and amenities, as well as leisure facilities including a cinema complex. South Croydon's 'Restaurant Quarter' is within easy reach for a diverse selection of bars and restaurants. The area is well served by excellent local schools including Royal Russell, as well as lovely open spaces and golf courses.

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Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Croydon

020 3840 3596

Next Steps?

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