3 Bed Detached House, Refurb/BRRR, South Croydon, CR2 8SR, £470,000

Goldfinch Road, South Croydon, CR2 8SR - 4 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationFair Value

Sold Prices£358K - £542K
Sold Prices/m²£4.1K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£472,274

 

 

End Value (After Refurb)

£483,859

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£117,500

Stamp Duty & Legal Fees

£26,300

Refurb Costs

£49,214

Bridging Loan Interest

£12,338

Total Cash In

£207,101

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£483,859

Mortgage (After Refinance)

£362,894

Mortgage LTV

75%

Cash Released

£10,394

Cash Left In

£196,707

Equity

£120,965

Rent Range

£1,600 - £2,850

Rent Estimate

£1,980

Running Costs/mo

£1,928

Cashflow/mo

£52

Cashflow/yr

£623

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £358K to £542K, average is £426.8K. £4.1K/m² to £7.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£392K04/210.02 mi1, Wagtail Gardens, South Croydon, Greater London CR2 8TA3
£420K10/210.07 mi18, Kingfisher Gardens, South Croydon, Greater London CR2 8QZ3
£392K11/200.08 mi3, Osprey Gardens, South Croydon, Greater London CR2 8TB3
£525K06/210.09 mi7, Peacock Gardens, South Croydon, Greater London CR2 8TE3
£535K05/230.1 mi6, Quail Gardens, South Croydon, Greater London CR2 8TF3
£485K12/220.13 mi30, Quail Gardens, South Croydon, Greater London CR2 8TF3
£428.5K08/210.15 mi34, Mallard Road, South Croydon, Greater London CR2 8PY3
£425K05/210.16 mi42, Greville Avenue, South Croydon, Greater London CR2 8NL3
£445K11/200.16 mi46, Greville Avenue, South Croydon, Greater London CR2 8NL3
£445K12/220.16 mi53, Greville Avenue, South Croydon, Greater London CR2 8NN3
£418K06/210.2 mi6, Albatross Gardens, South Croydon, Greater London CR2 8QX3
£529K04/230.2 mi52, Albatross Gardens, Selsdon, South Croydon, Greater London CR2 8QX3
£450K03/210.22 mi44, Nightingale Road, South Croydon, Greater London CR2 8PT3
£400K06/210.22 mi27, Ambleside Gardens, South Croydon, Greater London CR2 8SE3
£430K06/210.22 mi1, Herondale, South Croydon, Greater London CR2 8SN3
£460K06/230.23 mi12, Lichfield Way, South Croydon, Greater London CR2 8SD3
£515K04/230.24 mi36, Bullfinch Road, South Croydon, Greater London CR2 8PW3
£438K02/210.25 mi1, York Road, South Croydon, Greater London CR2 8NR3
£425K06/210.26 mi47, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£432K10/200.26 mi7, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£480K06/230.26 mi9, Bullfinch Road, South Croydon, Greater London CR2 8PU3
£392.5K12/200.26 mi20, Redwing Close, South Croydon, Greater London CR2 8QU3
£395K01/210.26 mi29, Redwing Close, South Croydon, Greater London CR2 8QU3
£415K11/200.26 mi30, Redwing Close, South Croydon, Greater London CR2 8QU3
£400K06/210.26 mi4, Redwing Close, South Croydon, Greater London CR2 8QU3
£485K11/220.27 mi22, Nightingale Road, South Croydon, Greater London CR2 8PT3
£414.5K03/210.27 mi35, Abbey Road, South Croydon, Greater London CR2 8NJ3
£515K05/210.3 mi56, Abbey Road, South Croydon, Greater London CR2 8NG3
£425K04/210.33 mi17, Bruce Drive, South Croydon, Greater London CR2 8SL3
£417K01/210.33 mi16, Bruce Drive, South Croydon, Greater London CR2 8SL3
£480K04/230.34 mi16, Martin Close, South Croydon, Greater London CR2 8QS3
£520K03/230.36 mi142, Benhurst Gardens, South Croydon, Greater London CR2 8NW3
£440K08/230.36 mi146, Benhurst Gardens, South Croydon, Greater London CR2 8NW3
£422K11/210.37 mi19, Curlew Close, South Croydon, Greater London CR2 8QT3
£505K11/210.39 mi1, Kingsway Avenue, South Croydon, Greater London CR2 8NF3
£540K06/210.4 mi272, Addington Road, South Croydon, Greater London CR2 8LF3
£400K03/210.4 mi63, Benhurst Gardens, South Croydon, Greater London CR2 8NY3
£400K02/210.41 mi8, Teal Close, South Croydon, Greater London CR2 8SU3
£485K01/230.41 mi243, Addington Road, South Croydon, Greater London CR2 8LR3
£475K12/220.42 mi104, Benhurst Gardens, South Croydon, Greater London CR2 8NU3
£360K02/210.44 mi13, Elm Park Gardens, South Croydon, Greater London CR2 8RW3
£430K10/200.44 mi31, Elm Park Gardens, South Croydon, Greater London CR2 8RW3
£358K04/210.44 mi20, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£542K09/210.44 mi8, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£425K03/230.44 mi6, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£405K04/230.45 mi2, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£420K07/230.45 mi22, Sundale Avenue, South Croydon, Greater London CR2 8RY3
£420K04/210.45 mi23, Broadcoombe, South Croydon, Greater London CR2 8HX3
£420K03/210.47 mi49, Farnborough Crescent, South Croydon, Greater London CR2 8HA3
£385K08/210.47 mi9, Copse View, South Croydon, Greater London CR2 8HL3

Local Rents

16 rents from £1.6K/mo to £2.9K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,40001/250.31 mi-3
£2,00002/240.35 mi-3
£2,45003/250.37 mi-3
£1,85002/240.38 mi-3
£1,90002/250.41 mi-3
£1,70011/230.42 mi-3
£1,70002/240.42 mi-3
£1,60012/240.42 miBowens Wood, Forestdale, Croydon, Surrey, CR03
£2,25002/240.47 mi-3
£2,85004/250.48 mi-3
£2,75004/250.49 mi-3
£2,10010/240.5 mi-3
£1,99511/240.52 mi-3
£1,90012/240.52 miFoxearth Road, South Croydon, Surrey, CR2 8EN3
£1,90012/240.53 miFoxearth Road, South Croydon3
£2,05003/250.56 mi-3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.18 miles away

Nearest school

0.30 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £470,000

January 6, 2025

Floor Plans

Description

  • No Onward Chain +
  • 3 Bedroom Detached House +
  • 2 Reception Rooms +
  • Extended Kitchen / Breakfast Room +
  • Ground Floor W.C +
  • Garage +
  • Level Garden +
  • In need of modernisation +

Hubbard Torlot are delighted to offer to the market this 3 bedroom detached house situated on the popular Selsdon Vale development. In need of modernisation, this spacious and well proportioned family home features a large lounge leading to dining room, an extended kitchen / breakfast room and ground floor W.C. To the first floor are 3 bedrooms, 2 of which are doubles and the family bathroom. Externally, there is a rear garden with both lawn and patio elements, a front garden and driveway for multiple cars together with garage. Call now to arrange your viewing. Council Tax E.

The property benefits from a superb location with numerous amenities nearby including the frequent 433 bus service which offers access into Croydon. The property is very close to the sought after Greenvale Primary School and Croydon High School for girls, National Trust Bird Sanctuary along with Farleigh Common which offers delightful walks and a good selection of shops can be found at Selsdon high street including Sainsbury's and Costa. The surrounding area offers further reputable primary and secondary schools whilst the M25/M23 can be located at Godstone and offers access to the south coast, Gatwick Airport and Bluewater Shopping Centre. The surrounding area also offers numerous mainline railway stations including Riddlesdown, Purley Oaks, Sanderstead and South Croydon.

Agent Details

Hubbard Torlot, Selsdon

020 3376 6187

Next Steps?

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