2 Bed Flat, Single Let, South Croydon, CR2 6NY, £290,000

Waldronhyrst, South Croydon, CR2 6NY - 3 views - 3 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£215K - £437.5K
Sold Prices/m²£2.8K/m² - £12.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£328,812
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£85,200

 

 

Cash Out

 

Rent Range

£1,350 - £2,500

Rent Estimate

£1,550

Running Costs/mo

£1,236

Cashflow/mo

£314

Cashflow/yr

£3,765

ROI

4%

Gross Yield

6%

Local Sold Prices

39 sold prices from £215K to £437.5K, average is £305K. £2.8K/m² to £12.2K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£275K01/230 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£286K12/220 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£248K04/230.03 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£250K08/210.08 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£345K05/230.13 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£295K09/210.24 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.24 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£294K04/230.29 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£223K07/230.34 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£306K12/200.41 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£270K05/230.41 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£270K02/230.47 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£250K05/230.56 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£321K06/210.59 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.59 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.59 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£297K11/200.63 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.63 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2
£325K08/210.64 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£315K10/210.68 mi19a, Merebank Lane, Croydon, Greater London CR0 4NP2
£322.5K04/210.69 mi5, Merebank Lane, Croydon, Greater London CR0 4NP2
£243K02/230.7 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£437.5K12/200.72 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£305K01/230.73 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£330K01/230.74 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£368K05/230.74 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£280K02/210.79 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£292.5K02/230.88 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£285K12/210.91 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£423K11/200.92 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£375K03/210.92 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£305K01/210.93 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£326K09/210.93 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£310K05/230.95 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.95 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.95 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.95 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£215K04/210.95 mi1, Rodney Close, Croydon, Greater London CR0 3RX2

Local Rents

52 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70012/240 mi-2
£1,55012/240.03 miSouth Croydon, Surrey, CR22
£1,40012/240.07 miBramley Hill, South Croydon2
£1,50002/240.09 mi-2
£1,75004/250.09 mi-2
£2,40003/250.11 mi-2
£1,60012/240.11 mi-2
£1,65003/250.11 mi-2
£2,50002/250.12 mi-2
£1,90004/250.18 mi-2
£1,65012/240.21 miParker Road, Croydon2
£2,15002/240.22 mi-2
£2,00012/240.25 miKeens Road, Croydon, CR02
£1,85012/240.25 miKeens Road, Croydon, CR02
£1,60012/240.25 miFairhaven Court, Warham Road, South Croydon2
£1,99902/240.26 mi-2
£1,99902/240.26 mi-2
£1,99912/240.26 miKeens Road, Croydon, CR02
£1,65012/240.26 miWarham Road, South Croydon, CR22
£1,70001/250.26 mi-2
£1,70012/240.27 miDuppas Hill Terrace, Croydon2
£1,45002/240.28 mi-2
£1,45002/240.28 mi-2
£1,80012/240.28 mi-2
£1,60002/240.29 mi-2
£1,45003/240.29 mi-2
£1,55012/240.29 mi-2
£1,59512/240.3 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,59512/240.3 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,70002/240.31 mi-2
£1,60012/240.32 miBrighton Road, SOUTH CROYDON2
£1,75003/250.33 mi-2
£1,75002/240.34 mi-2
£1,68003/240.34 mi-2
£1,70012/240.34 mi-2
£1,60011/240.35 mi-2
£1,50012/240.35 miOld School Place, Croydon2
£1,75004/250.35 mi-2
£1,50012/240.35 miDuppas Hill Road, Croydon2
£1,75003/250.36 mi-2
£1,35004/250.37 mi-2
£1,65012/240.38 mi-2
£1,70003/240.38 mi-2
£1,75012/240.38 miHeathfield Rd, Croydon, CR02
£1,60012/240.38 miHigh Street, Croydon, CR02
£1,98511/240.39 mi-2
£1,85012/240.39 miHigh Street, Croydon, CR02
£1,44012/240.39 mi-2
£1,95003/250.39 mi-2
£1,50004/250.39 mi-2
£1,85012/240.4 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,90012/240.4 miKindred House, 25 Scarbrook Road, Surrey, CR02

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £290,000

February 12, 2025

Listed for £300,000

January 16, 2025

Floor Plans

Description

  • Two Double Bedrooms: Spacious rooms offering ample storage, with built in wardrobes +
  • Ground Floor Location: Easy access without stairs. +
  • Modern Fitted Kitchen: Contemporary design with quality appliances and integrated dishwasher. +
  • Newly Renovated Bath/Shower Room: Recently updated for modern living. +
  • Hard Wood Flooring: Elegant and durable flooring throughout. +
  • Double-Glazed Windows: Enhanced insulation and noise reduction. +
  • Communal Gardens: Well-maintained outdoor spaces for residents. +
  • No Chain: Ready for immediate occupancy. +

NO CHAIN - Ground Floor Two-Bedroom Apartment

This generously sized two-bedroom ground floor apartment is situated in South Croydon, offering convenient access to local dining options, retail outlets, and essential services. It's also just 0.5 miles from South Croydon Train Station and several nearby bus routes.

Spanning approximately 674 sq. ft, the property has been thoughtfully updated to a high standard by the current owner. Features include a contemporary fitted kitchen, a newly renovated bath/shower room, and two spacious double bedrooms with ample storage solutions. Additional highlights comprise hardwood wood flooring, double-glazed windows, under-floor heating throughout, communal gardens, and resident parking available on a first-come, first-served basis.

For investors the current income is £18,600 gross per annum.

Key Details:

Off-Street Resident Parking: Available on a first-come, first-served basis.

Lease: 125 years from 1 January 2001

Ground Rent: £150 per annum (changes to £200 in 2026).

Service Charge: £1581.00 annually (subject to annual review).

Council Tax Band: C (currently £2,103.91 per year).

EPC Rating: D.

Agent Details

Paul O'Shea Homes, Surrey

020 3728 8318

Next Steps?

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