2 Bed Flat, Single Let, Croydon, CR0 5SE, £325,000

Spindlewood Gardens, Parkhill, East Croydon, South Croydon, CR0 5SE - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£223K - £660K
Sold Prices/m²£2.5K/m² - £12.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£309,188

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,300 - £3,350

Rent Estimate

£1,450

Running Costs/mo

£1,326

Cashflow/mo

£124

Cashflow/yr

£1,493

ROI

2%

Gross Yield

5%

Local Sold Prices

47 sold prices from £223K to £660K, average is £306K. £2.5K/m² to £12.2K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£243K02/230.19 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£330K01/230.27 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£306K12/200.27 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£310K05/230.36 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.36 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.36 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.36 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£255K07/230.37 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£368K05/230.38 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£270K05/230.4 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£305K01/210.4 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£375K03/210.42 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£292.5K02/230.43 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£327K12/200.43 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£280K02/210.44 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£340K02/210.46 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£367.5K09/210.46 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£294K04/230.48 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£326K09/210.49 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£375K02/230.49 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£335K10/210.5 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.5 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£320K12/200.5 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£343K09/210.51 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.51 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£295K09/210.51 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.51 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£345K05/230.55 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£305K01/230.56 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£299.5K10/210.58 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£270K02/230.62 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£286K12/220.67 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£275K01/230.67 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£329.2K06/210.68 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£315K12/200.68 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.7 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£250K08/210.73 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£660K06/210.73 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£325K08/210.75 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£334K07/230.76 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£248K04/210.76 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£260K06/210.87 mi53d, Outram Road, Croydon, Greater London CR0 6XG2
£282.5K06/230.87 mi45a, Havelock Road, Croydon, Greater London CR0 6QQ2
£437.5K12/200.89 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£223K07/230.89 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£250K05/230.93 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£300K04/230.98 mi63, Fisher Close, Croydon, Greater London CR0 6QY2

Local Rents

52 rents from £1.3K/mo to £3.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,40001/250.04 mi-2
£1,65004/250.1 mi-2
£1,80004/250.1 mi-2
£1,92502/250.12 mi-2
£1,77503/250.12 mi-2
£1,45012/240.14 miRosamund Close, South Croydon2
£1,50002/240.14 mi-2
£1,60012/240.14 miCoombe Road, South Croydon2
£1,60012/240.14 miCoombe Road, South Croydon2
£1,70011/240.15 mi-2
£1,59903/240.16 mi-2
£1,50012/240.17 miTemple Road, Croydon2
£1,90002/240.17 mi-2
£2,80002/240.18 mi-2
£2,80002/250.18 mi-2
£1,50012/240.18 miChatsworth Road, Croydon, Surrey, CR02
£3,35003/250.18 mi-2
£1,67502/240.21 mi-2
£2,00012/240.21 miTemple road, CR02
£1,80002/250.21 mi-2
£1,60012/240.21 miCampion Close, Croydon2
£1,70012/240.23 miChatsworth Road, Croydon2
£1,60012/240.24 miTandon House, Park Lane, Croydon, Surrey, CR02
£1,60012/240.25 miWoodstock Road, Croydon2
£1,51512/240.25 miSt. Peters Road, South Croydon, Surrey, CR02
£1,65012/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.25 miSouth Park Hill Road, South Croydon, CR22
£1,67002/240.25 mi-2
£1,50002/240.27 mi-2
£1,50002/240.27 mi-2
£1,80002/250.27 mi-2
£1,70002/240.27 mi-2
£1,65002/250.27 mi-2
£1,95003/250.27 mi-2
£1,79512/240.27 miSouth Park Hill Road, South Croydon, CR22
£1,79512/240.28 miSouth Park Hill Road, South Croydon 2
£1,69512/240.28 miSouth Park Hill Road, South Croydon2
£1,69512/240.29 miSouth Park Hill Road, South Croydon, CR22
£1,75012/240.3 miHeathfield Rd, Croydon, CR02
£1,70003/240.3 mi-2
£1,65012/240.3 miPark Lane, Croydon, Surrey, CR02
£1,70012/240.3 miCotelands, East Croydon, CR02
£1,70003/240.3 mi-2
£1,70003/240.3 mi-2
£1,80002/240.31 mi-2
£1,85002/240.31 mi-2
£1,75003/250.31 mi-2
£1,65012/240.32 miPark Lane, Croydon, Surrey, CR02
£1,80001/250.32 mi-2
£1,65012/240.32 miPark Lane, Croydon, CR02
£1,67512/240.32 mi-2
£1,30012/240.32 miSouth Croydon, Surrey2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £325,000

January 1, 2025

Sold for £310,000

2017

Sold for £84,750

2000

Floor Plans

Description

  • NO CHAIN +
  • MODERN STYLE APARTMENT +
  • TWO DOUBLE BEDROOMS +
  • NEWLY FITTED KITCHEN 2023 (barely used) +
  • ALLOCATED PARKING +
  • COMMUNAL GARDEN +
  • EXCELLENT DECOR +
  • ENTRY SYSTEM +
  • LONG LEASE over 140 +
  • LOW SERVICE CHARGES +

Impeccably presented 2 DOUBLE bedroom first floor apartment, on quiet cul-de-sac in Park Hill.

Amazing amount of space on offer positioned in this extremely popular block and situated in close proximity to Croydon town centre with its myriad of shops, bars and restaurants, excellent transport links can be found at both South and East Croydon mainline stations both offering fast and frequent services to Central London and beyond.

Decorated and maintained to a very high standard, the bright and light accommodation comprises a large reception room, a stunning newly fitted Howdens kitchen in 2023(barely used) with part integrated appliances, stunning family bathroom, two double bedrooms both.

Further benefits include long lease over 140 years, allocated parking, entry system, Worcester Bosch Combi boiler (installed 2020), NO CHAIN.

CALL US NOW!

DIRECTIONS
Spindlewood is located off Coombe Road and the locality is very well served by local shops, restaurants and bus routes serving Croydon town centre.

South Croydon mainline station is within 1/4 mile away and Lloyd Park is conveniently situated approximately 1/4 mile away also.

TRANSPORT
South Croydon Station 0.3 miles
East Croydon Station 0.4 miles
Lloyd Park Tram Stop 0.5 miles

SCHOOLS - INFANTS & PRIMARY
Coombe Wood School 0.1 miles

Cambridge Tutors College 0.1 miles

Cressey College 0.1 miles

Elmhurst School for Boys 0.2 miles

Archbishop Tenison's CofE High School 0.3 miles

Park Hill Junior School 0.2 Miles

Agent Details

Streets Ahead, Croydon Central

020 3879 5714

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪