4 Bed Terraced House, Refurb/BRRR, Croydon, CR0 5JU, £525,000

Caroline Close, Croydon, CR0 5JU - 3 months ago

Refurb/BRRR
~130 m²
+8 photos

ValuationFair Value

Sold Prices£400K - £1.2M
Sold Prices/m²£3.5K/m² - £8.5K/m²

 

 

Square Metres

~129.95 m²
Price/m²£4K/m²

Value Estimate

£530,250

 

 

End Value (After Refurb)

£664,189

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£68,685

Bridging Loan Interest

£13,781

Total Cash In

£259,166

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£664,189

Mortgage (After Refinance)

£498,142

Mortgage LTV

75%

Cash Released

£104,392

Cash Left In

£154,775

Equity

£166,047

Rent Range

£1,850 - £8,333

Rent Estimate

£2,561

Running Costs/mo

£2,608

Cashflow/mo

£-47

Cashflow/yr

£-561

Gross Yield

6%

Local Sold Prices

47 sold prices from £400K to £1.2M, average is £707.1K. £3.5K/m² to £8.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£515K03/230.04 mi5, Hunters Way, Croydon, Greater London CR0 5JJ4
£755K06/230.04 mi11, Dittoncroft Close, Croydon, Greater London CR0 5SL4
£675K03/230.07 mi8, Rutland Gardens, Croydon, Greater London CR0 5ST4
£460K06/230.09 mi20, Chichele Gardens, Croydon, Greater London CR0 5GT4
£560K11/220.09 mi12, Minster Drive, Croydon, Greater London CR0 5UP4
£707.5K02/210.14 mi40, Brownlow Road, Croydon, Greater London CR0 5JT4
£1.0M12/220.17 mi11, Witherby Close, Croydon, Greater London CR0 5SU4
£1.1M10/220.17 mi5, Witherby Close, Croydon, Greater London CR0 5SU4
£425K10/210.17 mi15, Brownlow Road, Croydon, Greater London CR0 5JT4
£540K04/210.17 mi4, Merlin Close, Croydon, Greater London CR0 5UQ4
£670K05/230.21 mi40, Selborne Road, Croydon, Greater London CR0 5JQ4
£805K11/200.21 mi30, Selborne Road, Croydon, Greater London CR0 5JQ4
£700K09/210.25 mi6, South Park Hill Road, South Croydon, Greater London CR2 7DU4
£757.4K02/230.26 mi48, Croham Park Avenue, South Croydon, Greater London CR2 7HL4
£555K03/230.29 mi11, Crusader Gardens, Croydon, Greater London CR0 5UJ4
£707.1K02/210.33 mi44, Castlemaine Avenue, South Croydon, Greater London CR2 7HR4
£506.3K11/210.41 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£400K12/200.47 mi6, Croham Road, South Croydon, Greater London CR2 7BA4
£570K11/210.51 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£500K06/210.53 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£665.6K12/220.55 mi16, Aberdeen Road, Croydon, Greater London CR0 1EQ4
£890K02/210.57 mi23, Manor Way, South Croydon, Greater London CR2 7BT4
£687.5K02/230.57 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£850.5K02/210.58 mi40, Croham Manor Road, South Croydon, Greater London CR2 7BE4
£997.6K11/220.62 mi18, Manor Way, South Croydon, Greater London CR2 7BR4
£740K01/230.63 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£1.1M05/210.66 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£460K03/230.66 mi303, Selsdon Road, South Croydon, Greater London CR2 6PS4
£1.1M04/210.7 mi4, Grimwade Avenue, Croydon, Greater London CR0 5DG4
£882K05/230.71 miCorner Ways, Hurst Way, South Croydon, Greater London CR2 7AP4
£1.1M03/230.71 miThe Moorings, 24, Hurst Way, South Croydon, Greater London CR2 7AP4
£775K09/210.8 mi10, Croham Close, South Croydon, Greater London CR2 0DA4
£945K07/210.8 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£513K11/220.8 mi43, Newark Road, South Croydon, Greater London CR2 6HR4
£419K10/200.81 mi59, Newark Road, South Croydon, Greater London CR2 6HR4
£400K11/200.82 mi18, Chelsham Road, South Croydon, Greater London CR2 6HY4
£400K11/200.82 mi18, Chelsham Road, South Croydon, Greater London CR2 6HY4
£605K06/210.82 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£930K12/220.83 mi68, Croham Manor Road, South Croydon, Greater London CR2 7BF4
£675K06/210.84 mi4, Cheyne Walk, Croydon, Greater London CR0 7HG4
£1.2M06/210.86 mi27, Mapledale Avenue, Croydon, Greater London CR0 5TG4
£950K11/200.9 mi83a, Croham Manor Road, South Croydon, Greater London CR2 7BH4
£492.5K07/210.9 mi21, Avondale Road, South Croydon, Greater London CR2 6JE4
£750K01/230.9 mi26, Haling Park Road, South Croydon, Greater London CR2 6NE4
£725K03/210.95 mi2, Carlyle Road, Croydon, Greater London CR0 7HN4
£910K02/210.96 mi434, Selsdon Road, South Croydon, Greater London CR2 0DF4
£850K02/230.98 mi305, Addiscombe Road, Croydon, Greater London CR0 7LE4

Local Rents

50 rents from £1.9K/mo to £8.3K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.03 miCaroline Close, East Croydon, CR04
£2,30012/240.04 miTipton Drive, Croydon CR04
£2,99003/250.1 mi-5
£1,90012/240.14 miCampion Close, Croydon, Surrey, CR03
£2,30012/240.14 miBrownlow Road, CR04
£1,90012/240.14 mi-3
£1,90012/240.14 miCampion Close, Croydon, CR03
£2,80012/240.16 mi-4
£2,80012/240.16 miStanhope Road, Croydon, CR04
£2,50012/240.22 miSt. Bernards, Chichester Road, Croydon, CR04
£2,40012/240.24 miStanhope Road, Croydon, London, CR04
£2,49512/240.24 miStanhope Road, Croydon, London, CR04
£2,48512/240.24 miStanhope Road, Croydon, London, CR04
£2,20012/240.24 miSouth Park Hill Road, SOUTH CROYDON3
£3,20012/240.25 miBirdhurst Gardens, South Croydon, Surrey, CR25
£1,90012/240.27 miEngadine Close, Croydon, CR03
£1,90012/240.28 miEngadine Close, Croydon CR03
£2,00001/250.35 mi-3
£2,20003/240.38 mi-4
£2,20003/240.38 mi-4
£2,20012/240.38 miTemple Road, London, CR04
£2,50012/240.38 mi-4
£2,50012/240.38 miCroham Road, South Croydon, CR24
£2,50001/250.4 mi-4
£3,29002/240.4 mi-5
£2,50001/250.41 mi-4
£2,40002/240.43 mi-4
£4,00012/240.43 miDornton Road, South Croydon, CR25
£2,15012/240.46 miBracewood Gardens, Croydon, CR04
£4,00012/240.47 miDornton Road, South Croydon, CR26
£4,00012/240.47 miDornton Road5
£2,00003/240.47 mi-3
£1,85012/240.47 miSt. Peters Road, Croydon, CR03
£1,85012/240.47 miMulgrave Road, Croydon3
£2,15002/240.48 mi-4
£2,15012/240.48 miBracewood Gardens, Croydon, CR04
£2,07003/250.49 mi-3
£2,00002/240.49 mi-3
£2,00012/240.5 mi-3
£2,05003/250.5 mi-3
£2,10012/240.51 miTurnpike Link, Croydon, CR03
£2,00012/240.51 miTurnpike Link, Croydon, CR03
£8,33312/240.52 mi-9
£2,70012/240.52 miTurnpike Link, Croydon, CR03
£2,70012/240.52 mi-3
£2,40012/240.52 mi-3
£2,39001/250.53 mi-3
£2,50002/250.53 mi-4
£2,50002/250.53 mi-4
£3,50012/240.53 miTurnpike Link, Croydon, Surrey4

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £525,000

February 12, 2025

Listed for £550,000

December 30, 2024

Floor Plans

Description

  • Mid-terrace +
  • Four-bedrooms +
  • Unique Skylight landing +
  • Ample storage +
  • Modernisation opportunity +
  • Private Cul-De-Sac In Park Hill +

SUMMARY
Welcome to this family home, offering generous living spaces. Spanning two floors, this property provides a well-thought-out layout, ideal for modern family living with the additional benefit of a driveway & Integral Garage!

DESCRIPTION
On the ground floor, you are greeted by an entrance hall leading to a integral garage. The ground floor also features a practical utility room with a convenient toilet. Through the dining area you will find a bright and airy 19' lounge which opens through sliding double doors onto a private, restful patio garden - an ideal spot for outdoor dining or relaxation, there is also direct access to communal gardens. The kitchen is well-positioned, offering ample space for meal preparation.

Moving upstairs to the first floor, you'll find four generously sized bedrooms, each offering comfort and flexibility for growing families. The family bathroom is centrally located, while the unique landing, bathed in natural light from the overhead skylight, adds an extra touch of character to the space. While the property is in need of some modernisation, it presents an exciting opportunity to create a truly personalized family home. With its spacious layout, newly done roof, private garden, and unique design features, this home has all the makings of the perfect family retreat. Don't miss the chance to make it your own!

Location 
Caroline Close is a private cul-de-sac off of Brownlow Road in the popular Park Hill development in East Croydon under a mile from East Croydon Station which serves London Bridge and Victoria Stations in circa 17 minutes along with the express service to Gatwick Airport. There are several popular schools in the vicinity including Park Hill Infants and Junior schools, Archbishop Tennison CofE, Coombe Wood, Trinity and Whitgift. Croydon Town Centre offers a plethora of shops, bars and restaurants including the popular Boxpark and 'Restaurant Quarter'.

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, Croydon

020 3835 3578

Next Steps?

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