3 Bed Flat, Single Let, Croydon, CR0 3PB, £300,000

London Road, Croydon, CR0 3PB - 2 views - 3 months ago

Leasehold

BTL

ROI: 6%

~93 m²

+3 photos

ValuationUndervalued

Sold Prices	£250K - £580K
Sold Prices/m²	£3.3K/m² - £5K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²
Value Estimate	£372,000£372,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,350 - £3,000£1,350 - £3,000
Rent Estimate	£1,713
Running Costs/mo	£1,300£1,300
Cashflow/mo	£413£413
Cashflow/yr	£4,955£4,955
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

25 sold prices from £250K to £580K, average is £320K. £3.3K/m² to £5K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	03/23	0.12 mi	3b, Canterbury Road, Croydon, Greater London CR0 3PY	£3,623	69	3	Flat
£267K	03/21	0.68 mi	119a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,133	65	3	Flat
£422.5K	05/23	0.98 mi	15, Elm Road, Thornton Heath, Greater London CR7 8RH	-	-	3	Flat
£330K	03/23	1.14 mi	132a, Melfort Road, Thornton Heath, Greater London CR7 7RP	£3,367	98	3	Flat
£362K	07/23	1.15 mi	63a, Stretton Road, Croydon, Greater London CR0 6ES	£4,310	84	3	Flat
£286K	06/21	1.2 mi	35, Grange Park Road, Thornton Heath, Greater London CR7 8QE	£4,206	68	3	Flat
£530K	10/22	1.27 mi	3, Burton Close, Thornton Heath, Greater London CR7 8SU	-	-	3	Flat
£280K	05/21	1.31 mi	Ground Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL	£3,733	75	3	Flat
£300K	02/21	1.37 mi	Flat 16, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP	-	-	3	Flat
£276K	10/21	1.43 mi	14, Old School Place, Croydon, Greater London CR0 4GA	£4,059	68	3	Flat
£580K	12/21	1.49 mi	71, Tennison Road, London, Greater London SE25 5RY	£4,496	129	3	Flat
£260K	03/23	1.51 mi	4a, Aberdeen Road, Croydon, Greater London CR0 1EQ	£3,514	74	3	Flat
£345K	06/21	1.54 mi	197, Grange Road, Upper Norwood, London, Greater London SE25 6TG	£4,859	71	3	Flat
£320K	02/23	1.57 mi	23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ	£5,000	64	3	Flat
£255K	06/23	1.57 mi	Flat 11, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA	-	-	3	Flat
£320K	06/23	1.58 mi	38c, Warham Road, South Croydon, Greater London CR2 6LA	£3,299	97	3	Flat
£290K	02/21	1.61 mi	35a, Lenham Road, Thornton Heath, Greater London CR7 8QT	£4,603	63	3	Flat
£285K	10/20	1.61 mi	124, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£3,701	77	3	Flat
£360K	01/23	1.61 mi	130, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£4,737	76	3	Flat
£280K	10/20	1.66 mi	199, Mersham Road, Thornton Heath, Greater London CR7 8NU	£3,684	76	3	Flat
£415K	10/20	1.69 mi	54, Birchanger Road, London, Greater London SE25 5BB	-	-	3	Flat
£354K	11/21	1.76 mi	Flat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ	-	-	3	Flat
£380K	10/20	1.97 mi	11, Dunster Way, Wallington, Greater London SM6 7DA	£3,455	110	3	Flat
£407.5K	09/21	1.97 mi	2, Dunster Way, Wallington, Greater London SM6 7DA	-	-	3	Flat
£402.5K	08/21	1.98 mi	16, Helios Road, Wallington, Greater London SM6 7BZ	£4,472	90	3	Flat

Local Rents

50 rents from £1.4K/mo to £3K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	02/25	0.04 mi	-	3	Flat
£1,700	02/25	0.04 mi	-	3	Flat
£2,000	12/24	0.04 mi	-	3	Terraced House
£2,100	03/24	0.06 mi	-	3	Flat
£2,000	12/24	0.18 mi	Constance Road, West Croydon	3	Terraced House
£2,400	01/25	0.2 mi	-	3	Terraced House
£3,000	03/25	0.2 mi	-	3	Terraced House
£2,200	02/25	0.23 mi	-	3	Terraced House
£2,300	01/25	0.28 mi	-	3	Semi-Detached House
£1,900	02/24	0.29 mi	-	3	Terraced House
£2,000	03/25	0.29 mi	-	3	Terraced House
£2,200	12/24	0.29 mi	-	3	Semi-Detached House
£1,350	10/23	0.29 mi	Lodge Road, Croydon, CR0	3	Flat
£2,100	02/24	0.3 mi	-	3	Flat
£2,000	02/24	0.3 mi	-	3	Flat
£1,850	03/24	0.3 mi	-	3	Flat
£1,850	12/24	0.3 mi	Zodiac Court, Croydon, CR0	3	Flat
£2,100	10/23	0.3 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.3 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.3 mi	Grafton quarter, Croydon	3	Flat
£1,800	10/23	0.3 mi	Grafton quarter, Croydon	3	Flat
£2,000	10/23	0.3 mi	Grafton Quarter, Croydon	3	Flat
£2,200	12/24	0.33 mi	Greenwood Road, Croydon, CR0	3	Detached House
£2,150	02/24	0.34 mi	-	3	Semi-Detached House
£2,150	12/24	0.34 mi	Mitcham Road, Croydon, CR0	3	Detached House
£1,850	02/24	0.34 mi	-	3	Flat
£2,000	03/24	0.37 mi	Keston Road, CR7	3	Semi-Detached House
£2,100	03/24	0.37 mi	Keston Road, CR7	3	Terraced House
£2,100	03/24	0.37 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	03/24	0.37 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.37 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.37 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.37 mi	Keston Road, THORNTON HEATH	3	House
£2,300	12/24	0.37 mi	Chapman Road, Croydon	3	Flat
£2,200	01/25	0.39 mi	-	3	Terraced House
£2,300	03/25	0.41 mi	-	3	Terraced House
£2,100	03/25	0.41 mi	-	3	Flat
£1,900	03/24	0.41 mi	Woodcroft Road, Thornton Heath	3	Terraced House
£2,100	12/24	0.43 mi	-	3	Terraced House
£1,900	12/24	0.44 mi	Chapman Road, CR0 3NU	3	Detached House
£2,000	03/24	0.44 mi	-	3	Semi-Detached House
£2,220	12/24	0.45 mi	-	3	Terraced House
£2,300	12/24	0.46 mi	Grafton Road, Croydon, London, CR0	3	Flat
£2,250	12/24	0.46 mi	Grafton Road, Croydon, London, CR0	3	Flat
£2,400	12/24	0.46 mi	Grafton Road, Croydon, London, CR0	3	Flat
£2,220	12/24	0.46 mi	Grafton Road, Croydon, London, CR0	3	Flat
£2,350	12/24	0.46 mi	Grafton Road, Croydon, London, CR0	3	Flat
£1,800	03/25	0.46 mi	-	3	Flat
£1,995	12/24	0.46 mi	Mitchum Road, London	3	Flat
£2,400	12/24	0.47 mi	Grafton Quarter, Croydon	3	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	2.04 miles away2.04 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £300,000

January 17, 2025

Floor Plans

Description

Charming 3 bedroom flat on the first floor +
Bright and spacious reception room +
large beautiful kitchen with modern fittings +
Separate WC and bathroom +
3 well-sized double bedrooms +
Prime location in Croydon +
Easy access to wide range of shops, restaurants and cafes +
Short walk from West Croydon Station +

This charming 3 bedroom flat on the first floor boasts bright and spacious reception room, separate WC and bathroom, beautiful kitchen with modern fittings and 3 wonderful double bedrooms.

Located on the main road of Croydon, this property offers easy access to wide selection of shops, restaurants and cafes with West Croydon Station just short walk away.

Please use the reference CHPK3970913 when contacting Foxtons.

Agent Details

Foxtons, Croydon

020 3907 3418

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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