2 Bed Flat, Single Let, South Croydon, CR2 7LN, £265,000

Sycamore Close, South Croydon, CR2 7LN - 3 months ago

Leasehold
BTL
ROI: 5%
~63 m²
+9 photos

ValuationUndervalued

Sold Prices£223K - £437.5K
Sold Prices/m²£3.4K/m² - £12.2K/m²

 

 

Square Metres

~63.45 m²
Price/m²£4.2K/m²

Value Estimate

£303,824
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Total Cash In

£81,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,950

Rent Estimate

£1,463

Running Costs/mo

£1,141

Cashflow/mo

£322

Cashflow/yr

£3,867

ROI

5%

Gross Yield

7%

Local Sold Prices

45 sold prices from £223K to £437.5K, average is £310K. £3.4K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£280K02/210 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£368K05/230.06 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£330K01/230.17 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£305K01/230.2 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£305K01/210.21 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£243K02/230.25 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£310K05/230.3 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.3 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.3 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.3 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£270K05/230.38 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£325K08/210.47 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£306K12/200.53 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£295K09/210.56 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.56 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£437.5K12/200.59 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£345K05/230.68 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£255K07/230.71 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£423K11/200.71 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£327K12/200.73 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£294K04/230.76 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£367.5K09/210.76 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£340K02/210.77 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£343K09/210.79 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.79 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£286K12/220.79 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.79 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.8 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.82 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£321K06/210.82 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.82 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.82 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£375K02/230.82 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£297K11/200.82 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.82 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£223K07/230.84 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£375K03/210.84 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£292.5K02/230.86 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£335K10/210.86 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.86 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£250K08/210.87 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£320K12/200.9 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£326K09/210.91 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£270K02/230.97 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£299.5K10/210.99 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50012/240 miSycamore Close, CR22
£1,65012/240.05 mi20 Normanton Road, South Croydon, CR2 7AR2
£1,69912/240.07 miCroham Road, Cranbrook Court, CR22
£1,55012/240.09 miNormanton Road, South Croydon, CR22
£1,79012/240.1 mi-2
£2,95003/240.12 mi-2
£1,30012/240.12 miSouth Croydon, Surrey2
£1,70012/240.12 mi2 bedroom Ground Floor Flat in South Croydon2
£1,75012/240.13 mi-2
£1,80003/250.14 mi-2
£1,47512/240.16 miDornton Road, CR22
£1,50002/240.17 mi-2
£1,50002/240.17 mi-2
£1,65012/240.17 mi-2
£1,65002/250.18 mi-2
£1,80003/250.19 mi-2
£1,50002/240.19 mi-2
£1,50002/240.19 mi-2
£1,50003/240.19 mi-2
£1,50012/240.19 mi-2
£1,62012/240.19 miBirchend Close, South Croydon2
£1,65002/250.2 mi-2
£1,60012/240.2 miMuggeridge Close , South Croydon2
£1,45012/240.2 miMuggeridge Close, South Croydon2
£1,60012/240.2 miMuggeridge Close, South Croydon2
£1,60012/240.22 miHarewood Road, South Croydon, Surrey, CR22
£1,90011/240.22 mi-2
£1,69512/240.23 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.24 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.24 miSouth Park Hill Road, South Croydon 2
£1,69512/240.24 miSouth Park Hill Road, South Croydon2
£1,70002/250.24 mi-2
£1,67002/240.24 mi-2
£1,50001/250.24 mi-2
£1,65012/240.24 miSt. Peters Street South Croydon CR22
£1,80002/250.25 mi-2
£1,65012/240.25 miSussex Road, South Croydon2
£1,65012/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,75012/240.27 miCroham Park Avenue, SOUTH CROYDON2
£1,60012/240.27 miCampion Close, Croydon2
£1,80002/250.28 mi-2
£1,70003/240.29 mi-2
£1,70012/240.29 miSussex Road, South Croydon, CR22
£1,70011/240.29 mi-2
£1,90012/240.29 mi-2
£1,80002/250.29 mi-2
£1,50012/240.31 miLismore Road, South Croydon, Surrey, CR2 7QA2
£1,92502/250.32 mi-2
£1,77503/250.32 mi-2
£1,54512/240.32 miCroham Road, CR22

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £265,000

February 12, 2025

Listed for £275,000

December 26, 2024

Floor Plans

Description

  • 2 Double Bedrooms +
  • Good Transport Links +
  • No Chain +
  • Close to Shops +
  • Long Lease +

SUMMARY
A 2 double bedroom first floor modern purpose built apartment located in the ever popular Sycamore close off Normanton Road, close to South Croydon train station, tram links and the lovely boutique shops of South End.

DESCRIPTION
The property comprises of a large reception with opening to the fitted kitchen, 2 double bedrooms and bathroom. There is allocated parking, a long lease, electric heating, and is offered to the open market with no chain.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, South Croydon

020 3870 5042

Next Steps?

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