2 Bed Flat, Single Let, Croydon, CR0 1BH, £190,000

Coombe Road, Croydon, CR0 1BH - 4 views - 3 months ago

Leasehold
Auction
BTL
ROI: 13%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£215K - £660K
Sold Prices/m²£2.8K/m² - £12.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£246,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£1,450 - £3,549

Rent Estimate

£1,599

Running Costs/mo

£934

Cashflow/mo

£665

Cashflow/yr

£7,985

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £215K to £660K, average is £308K. £2.8K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£294K04/230.12 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£306K12/200.13 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£345K05/230.26 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£295K09/210.31 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.31 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£270K02/230.31 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£270K05/230.35 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£286K12/220.36 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.36 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.36 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.38 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£250K08/210.39 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£243K02/230.47 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£292.5K02/230.52 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£330K01/230.53 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£375K03/210.56 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£326K09/210.58 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£250K05/230.59 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£368K05/230.59 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£280K02/210.65 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£223K07/230.66 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£255K07/230.66 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£320K12/200.68 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£305K01/230.68 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£310K05/230.7 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.7 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.7 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.7 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£305K01/210.71 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£335K10/210.73 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.73 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£325K08/210.73 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£299.5K10/210.74 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£327K12/200.74 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£340K02/210.75 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£367.5K09/210.76 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£375K02/230.76 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£329.2K06/210.79 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£343K09/210.81 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.81 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£334K07/230.82 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£215K04/210.83 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£321K06/210.85 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.85 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.85 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£437.5K12/200.86 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£297K11/200.88 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.88 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£248K04/210.94 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£660K06/210.97 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2

Local Rents

52 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75003/250.03 mi-2
£1,95003/250.05 mi-2
£1,70002/250.07 mi-2
£1,75003/250.08 mi-2
£1,65012/240.09 miPark Lane, Croydon, Surrey, CR02
£2,60012/240.09 mi-2
£1,85001/250.09 mi-2
£1,85012/240.09 miHigh Street, Croydon, CR02
£1,80012/240.1 mi-2
£1,80012/240.1 miBrand New Luxury Apartment2
£1,79902/240.1 mi-2
£1,99912/240.1 miKeens Road, Croydon, CR02
£1,99902/240.1 mi-2
£1,99902/240.1 mi-2
£1,60012/240.11 miHigh Street, Croydon, CR02
£2,20012/240.11 miPark Lane, Croydon2
£1,75012/240.11 miPark Lane, Croydon, CR02
£1,75012/240.11 miPark Lane, Croydon, Surrey, CR02
£1,75012/240.11 miPark Lane, Croydon, CR02
£2,00012/240.11 miKeens Road, Croydon, CR02
£1,85012/240.11 miKeens Road, Croydon, CR02
£1,67512/240.11 mi-2
£1,65012/240.11 miPark Lane, Croydon, CR02
£1,60012/240.12 miTandon House, Park Lane, Croydon, Surrey, CR02
£1,80012/240.12 miLeon House, High Street, Croydon2
£1,51512/240.13 miSt. Peters Road, South Croydon, Surrey, CR02
£1,70003/240.13 mi-2
£1,75012/240.13 miHeathfield Rd, Croydon, CR02
£1,65012/240.15 miPark Lane, Croydon, Surrey, CR02
£1,45002/240.15 mi-2
£1,45002/240.15 mi-2
£1,90003/250.16 mi-2
£1,65012/240.17 miParker Road, Croydon2
£1,55003/240.17 mi-2
£1,70001/250.17 mi-2
£2,00012/240.18 miTemple road, CR02
£1,60012/240.19 miTandon House, Park Lane, Croydon, Surrey, CR02
£1,70002/240.19 mi-2
£1,70002/240.19 mi-2
£2,80002/240.2 mi-2
£2,80002/250.2 mi-2
£1,60012/240.2 miWoodstock Road, Croydon2
£1,60012/240.2 miEdridge Road, Central Croydon2
£1,59903/240.21 mi-2
£1,75003/250.21 mi-2
£1,70012/240.22 miChatsworth Road, Croydon2
£1,50012/240.22 miChatsworth Road, Croydon, Surrey, CR02
£1,60012/240.22 miCoombe Road, South Croydon2
£1,60012/240.22 miCoombe Road, South Croydon2
£2,99702/240.23 mi-2
£3,54902/250.23 mi-2
£1,50012/240.24 miTemple Road, Croydon2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.22 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £190,000

March 4, 2025

Listed for £200,000

December 26, 2024

Floor Plans

Description

SPACIOUS TWO BEDROOM APARTMENT CENTRALLY LOCATED TO AMENITIES. NO ONWARD CHAIN.

Purpose built flat offers good size living accommodation and briefly comprises entrance hall, living room, fitted kitchen, two bedrooms and bathroom. Other benefits include gas central heating and double glazing.

Thanet House, Coombe Road is perfectly located being positioned in the heart of Croydon; 5 minutes’ walk to Croydon Town Centre where there are two major shopping centres and many shops, pubs and restaurants. The property is located 0.4 miles (8 minute walk) to South Croydon Station and 0.8miles (15 minutes’ walk) to East Croydon Station. Thanet House is right next to bus routes 60, 119, 166, 312, 405, 407, 412, 466, 468 and N68 which travel towards West Croydon, Streatham, Thornton Heath, Norwood Junction, Bromley and Sutton.

Auctioneer Comments
THIS PROPERTY IS BEING SOLD IN PARTNERSHIP WITH IAMSOLD AND T&C's APPLY.
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent Details

Mann, Croydon

020 3870 2869

Next Steps?

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