2 Bed Flat, Cash/Bridging Only, Croydon, CR0 6RJ, £210,000

Lower Addiscombe Road, Croydon, CR0 6RJ - 3 months ago

Leasehold

Cash

ROI: 7%

~51 m²

+2 photos

ValuationFair Value

Sold Prices	£200K - £660K
Sold Prices/m²	£2.5K/m² - £6.6K/m²

Square Metres	~51 m²
Price/m²	£4.1K/m²
Value Estimate	£214,200£214,200

End Value (After Refurb)	£241,579£241,579
Uplift in Value	+15%+15%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£11,700£11,700
Refurb Costs	£26,956£26,956
Bridging Loan Interest	£5,513£5,513
Total Cash In	£98,419£98,419

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£241,579£241,579
Mortgage (After Refinance)	£181,184£181,184
Mortgage LTV	75%75%
Cash Released	£23,684£23,684
Cash Left In	£74,734£74,734
Equity	£60,395£60,395
Rent Range	£1,250 - £2,400£1,250 - £2,400
Rent Estimate	£1,736
Running Costs/mo	£1,122£1,122
Cashflow/mo	£614£614
Cashflow/yr	£7,366£7,366
ROI	7%7%
Gross Yield	10%10%

Local Sold Prices

40 sold prices from £200K to £660K, average is £283.8K. £2.5K/m² to £6.6K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	08/23	0.2 mi	60, Manning Gardens, Croydon, Greater London CR0 7DU	£4,737	57	2	Flat
£265K	11/20	0.2 mi	39, Manning Gardens, Croydon, Greater London CR0 7DU	£4,015	66	2	Flat
£280K	02/21	0.2 mi	66, Manning Gardens, Croydon, Greater London CR0 7DU	£3,660	77	2	Flat
£260K	02/21	0.3 mi	58, Woodside Green, London, Greater London SE25 5EU	£3,848	68	2	Flat
£200K	06/21	0.43 mi	7, Coe Avenue, London, Greater London SE25 5HN	£5,882	34	2	Flat
£345K	03/21	0.45 mi	197, Woodside Green, London, Greater London SE25 5EN	£4,259	81	2	Flat
£265K	06/21	0.45 mi	43, St Lukes Close, London, Greater London SE25 4SY	£3,897	68	2	Flat
£273K	06/21	0.45 mi	51, St Lukes Close, London, Greater London SE25 4SY	£4,136	66	2	Flat
£289K	06/21	0.45 mi	41, St Lukes Close, London, Greater London SE25 4SY	£4,129	70	2	Flat
£265K	01/23	0.49 mi	42, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,000	53	2	Flat
£257K	08/21	0.5 mi	33, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,039	51	2	Flat
£266K	02/23	0.5 mi	30, Burnham Gardens, Croydon, Greater London CR0 6NP	£5,542	48	2	Flat
£245K	12/21	0.52 mi	15, Hardcastle Close, Croydon, Greater London CR0 6XQ	-	-	2	Flat
£297.5K	02/21	0.53 mi	31a, Southcote Road, London, Greater London SE25 4RG	£6,629	45	2	Flat
£640K	12/21	0.57 mi	105, Birchanger Road, London, Greater London SE25 5BH	-	-	2	Flat
£337.5K	12/20	0.59 mi	74, Dartnell Road, Croydon, Greater London CR0 6JA	£6,136	55	2	Flat
£275K	11/21	0.6 mi	43, East India Way, Croydon, Greater London CR0 6NZ	£4,167	66	2	Flat
£300K	04/23	0.63 mi	63, Fisher Close, Croydon, Greater London CR0 6QY	£2,500	120	2	Flat
£265.5K	02/21	0.63 mi	Flat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW	-	-	2	Flat
£318K	01/23	0.63 mi	Flat 5, Portland Mansions, Portland Road, London, Greater London SE25 4QW	-	-	2	Flat
£260K	06/21	0.64 mi	53d, Outram Road, Croydon, Greater London CR0 6XG	£3,768	69	2	Flat
£282.5K	06/23	0.65 mi	45a, Havelock Road, Croydon, Greater London CR0 6QQ	£4,484	63	2	Flat
£262K	03/21	0.7 mi	18, Brampton Road, Croydon, Greater London CR0 6JN	£5,574	47	2	Flat
£259.5K	01/21	0.7 mi	32, Brampton Road, Croydon, Greater London CR0 6JN	£4,325	60	2	Flat
£367K	05/21	0.71 mi	64a, Enmore Road, London, Greater London SE25 5NG	-	-	2	Flat
£660K	06/21	0.78 mi	65, Addiscombe Road, Croydon, Greater London CR0 6SD	£3,741	176	2	Flat
£248K	04/21	0.79 mi	50c, Canning Road, Croydon, Greater London CR0 6QF	£3,815	65	2	Flat
£352K	06/21	0.79 mi	8a, Vincent Road, Croydon, Greater London CR0 6ED	£5,432	65	2	Flat
£360K	01/21	0.82 mi	4, Ingatestone Road, London, Greater London SE25 4LG	£4,615	78	2	Flat
£285K	01/21	0.82 mi	3, Ingatestone Road, London, Greater London SE25 4LG	£5,377	53	2	Flat
£386K	03/23	0.82 mi	47, Ingatestone Road, London, Greater London SE25 4LG	£5,594	69	2	Flat
£360K	08/23	0.82 mi	34, Ingatestone Road, London, Greater London SE25 4LG	£4,932	73	2	Flat
£267K	01/23	0.84 mi	152, Longheath Gardens, Croydon, Greater London CR0 7TQ	£3,870	69	2	Flat
£290K	06/23	0.85 mi	84, Watson Place, London, Greater London SE25 5FA	£4,394	66	2	Flat
£330K	08/21	0.89 mi	60a, Crowther Road, London, Greater London SE25 5QP	-	-	2	Flat
£280K	06/23	0.95 mi	11a, Crowther Road, London, Greater London SE25 5QW	-	-	2	Flat
£490K	06/21	0.95 mi	101, Tower View, Croydon, Greater London CR0 7PZ	£6,282	78	2	Flat
£329.2K	06/21	0.97 mi	35a, Chisholm Road, Croydon, Greater London CR0 6UQ	£4,913	67	2	Flat
£334K	07/23	0.98 mi	44a, Oval Road, Croydon, Greater London CR0 6BJ	£4,010	83	2	Flat
£299.5K	10/21	0.99 mi	17, Leyburn Gardens, Croydon, Greater London CR0 5NL	-	-	2	Flat

Local Rents

49 rents from £1.3K/mo to £2.4K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	12/24	0.04 mi	-	2	Flat
£2,400	12/24	0.04 mi	-	2	Flat
£2,400	12/24	0.04 mi	-	2	Flat
£1,950	03/25	0.15 mi	-	2	Flat
£1,600	12/24	0.16 mi	-	2	Flat
£2,100	03/24	0.19 mi	-	2	Flat
£2,350	04/24	0.19 mi	-	2	Flat
£1,800	12/24	0.19 mi	-	2	Flat
£1,800	01/25	0.19 mi	-	2	Flat
£1,950	03/25	0.19 mi	-	2	Flat
£1,500	12/24	0.2 mi	Manning Gardens Croydon CR0	2	Flat
£1,600	03/25	0.23 mi	-	2	Flat
£1,650	11/24	0.23 mi	-	2	Terraced House
£1,850	08/24	0.23 mi	-	2	Terraced House
£1,650	12/24	0.28 mi	Dalmally Road, CR0	2	Terraced House
£1,650	12/24	0.28 mi	Dalmally Road, CR0	2	Terraced House
£1,700	08/24	0.28 mi	Spring Lane, Woodside, London, SE25	2	Terraced House
£1,550	08/24	0.29 mi	Woodside Green, London, SE25	2	Flat
£1,500	08/24	0.29 mi	Woodside Green, London, SE25	2	Flat
£1,500	08/24	0.3 mi	-	2	Flat
£2,300	12/24	0.3 mi	-	2	Terraced House
£1,700	12/24	0.3 mi	-	2	Terraced House
£1,500	01/25	0.34 mi	-	2	Flat
£1,800	08/24	0.34 mi	Anthony Road, London, SE25	2	Terraced House
£1,800	08/24	0.34 mi	-	2	Terraced House
£1,800	08/24	0.36 mi	WOODSIDE GREEN, LONDON, SE25, South Norwood, London, SE25	2	Flat
£2,200	03/25	0.36 mi	-	2	Flat
£1,650	08/24	0.36 mi	SURRIDGE HOUSE, 75 WOODSIDE GREEN, LONDON, SE25, South Norwood, London, SE25	2	Flat
£1,625	03/25	0.37 mi	-	2	Flat
£1,650	08/24	0.37 mi	Surridge House. Woodside Green, SE25	2	Flat
£1,850	12/24	0.41 mi	Meadvale Road, Croydon, CR0	2	Terraced House
£1,500	12/24	0.41 mi	Sullivan Court, Croydon, Surrey, CR0	2	Flat
£1,500	12/24	0.41 mi	Lower Addiscombe Road, Croydon, Surrey, CR0	2	Flat
£1,600	12/24	0.43 mi	Hamilton Court, 66 Ashburton Road, Croydon, CR0	2	Flat
£1,850	08/24	0.43 mi	St. Lukes, South Norwood, SE25	2	House
£1,500	08/24	0.45 mi	South Norwood, London	2	Flat
£1,550	08/24	0.46 mi	The Close, Birchanger Road, London, SE25	2	Flat
£1,250	02/25	0.47 mi	-	2	Flat
£1,950	12/24	0.48 mi	Northway Road, Croydon, CR0	2	Terraced House
£1,450	12/24	0.49 mi	-	2	Flat
£1,900	12/24	0.49 mi	Jesmond Road, Croydon, CR0	2	Terraced House
£1,900	02/24	0.49 mi	-	2	Terraced House
£1,600	02/25	0.5 mi	-	2	Flat
£1,500	12/24	0.5 mi	Burnham Gardens, Addiscombe	2	Flat
£1,550	12/24	0.5 mi	2 Bedroom Flat To Let in Croydon	2	Flat
£1,500	12/24	0.52 mi	-	2	Flat
£1,500	12/24	0.52 mi	-	2	Flat
£1,450	01/25	0.52 mi	-	2	Flat
£1,530	02/25	0.52 mi	-	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	0.93 miles away0.93 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Price changed to £210,000

March 21, 2025

Price changed to £230,000

March 8, 2025

Price changed to £240,000

January 31, 2025

Listed for £250,000

December 17, 2024

Floor Plans

Description

STUNNING 2 BEDROOM PROPERTY +
GROUND FLOOR +
CONVERSION APARTMENT +
2 DOUBLE BEDROOMS +
MODERN KITCHEN +
HUGE PRIVATE GARDEN! +
UNFURNISHED +
CLOSE TO ADDISCOMBE HIGH STREET AND TRAM STOP +

Cash buyers only... This two double bedroom apartment in the heart of Addiscombe not only has your own private garden but is also a commuter's dream, situated a short walk from Blackhorse Lane tram stop. Meaning you can leave your front door and be in Central London in less than 45 mins!

This property consists of two large double bedrooms, a reception room, a separate kitchen and a three piece family bathroom.

Further benefits include no chain, private garden, two double bedrooms, great transport links, plus so much more!

Call now to find out more information before you miss out!

DIRECTIONS
Lower Addiscombe Road runs between Long Lane and St James Road. Walking distance to Addiscombe high street, Blackhorse tram stop, local bus routes and so much more!

TRANSPORT
Norwood Junction 1 mile
Selhurst 1.1 miles
East Croydon 1.2 miles
Elmers End 1.3 miles
Birkbeck 1.5 miles

SCHOOLS - INFANTS & PRIMARY
Oasis Academy Shirley Park (All Through) 280 yards
Woodside Primary School 630 yards
St Thomas Becket Catholic Primary School 800 yards
John Wood School & Nursery 0.6 miles
Robert Fitzroy Academy 0.7 miles

SCHOOLS - SECONDARY & COLLEGE
Oasis Academy Shirley Park (All Through) 280 yards
Oasis Academy Arena 0.7 miles
Ark Blake Academy 0.7 miles
Coloma Convent Girls' School 1.1 miles
Archbishop Tenison's CofE High School 1.1 miles

Agent Details

Streets Ahead, Croydon

020 3892 9549

Next Steps?

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