4 Bed Semi-Detached House, Refurb/BRRR, London, SE25 6JF, £550,000

84 Holmesdale Road, Thornton Heath, UK - 10 views - 3 months ago

Refurb/BRRR
~129 m²

ValuationOvervalued

Sold Prices£300K - £896K
Sold Prices/m²£2.6K/m² - £9.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.3K/m²

Value Estimate

£491,228

 

 

End Value (After Refurb)

£629,901

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£68,381

Bridging Loan Interest

£14,438

Total Cash In

£254,769

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£629,901

Mortgage (After Refinance)

£472,426

Mortgage LTV

75%

Cash Released

£59,926

Cash Left In

£194,843

Equity

£157,475

Rent Range

£1,745 - £4,000

Rent Estimate

£2,265

Running Costs/mo

£2,441

Cashflow/mo

£-176

Cashflow/yr

£-2,117

Gross Yield

5%

Local Sold Prices

50 sold prices from £300K to £896K, average is £505K. £2.6K/m² to £9.6K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£708K08/220.14 mi15, Prince Road, London, Greater London SE25 6NN4
£360K02/230.15 mi7, Saxon Road, London, Greater London SE25 5EQ4
£480K03/210.15 mi14, Saxon Road, London, Greater London SE25 5EQ4
£392.5K07/210.2 mi81, Clifton Road, London, Greater London SE25 6PX4
£545K11/200.31 mi201, Selhurst Road, London, Greater London SE25 6LB4
£471.3K11/210.32 mi39, Ladbrook Road, London, Greater London SE25 6QE4
£495K08/210.35 mi129, Whitehorse Lane, London, Greater London SE25 6RB4
£432K11/200.43 mi42, Cotford Road, Thornton Heath, Greater London CR7 8RB4
£580K04/210.43 mi221, Ross Road, London, Greater London SE25 6TN4
£585K06/210.43 mi181, Ross Road, South Norwood, London, Greater London SE25 6TN4
£480K05/210.44 mi78a, Selhurst New Road, London, Greater London SE25 5PU4
£350K03/210.46 mi16, Huntly Road, London, Greater London SE25 6QY4
£510K12/200.48 mi108, Woodville Road, Thornton Heath, Greater London CR7 8LJ4
£685K01/230.49 mi11, Boswell Road, Thornton Heath, Greater London CR7 7RZ4
£300K04/220.51 mi59, Woodville Road, Thornton Heath, Greater London CR7 8LN4
£492.5K12/220.51 mi87, Kynaston Avenue, Thornton Heath, Greater London CR7 7BZ4
£308K05/230.53 mi28, Liverpool Road, Thornton Heath, Greater London CR7 8LS4
£550K10/210.54 mi101, Whitworth Road, London, Greater London SE25 6XL4
£551.7K06/210.58 mi40, Buller Road, Thornton Heath, Greater London CR7 8QW4
£350K03/230.58 mi2, St Pauls Road, Thornton Heath, Greater London CR7 8NB4
£600K01/210.65 mi34, Norfolk Road, Thornton Heath, Greater London CR7 8ND4
£521K05/210.72 mi72, Edward Road, Croydon, Greater London CR0 6DY4
£595K01/230.73 mi31, Wharncliffe Gardens, London, Greater London SE25 6DG4
£590.5K01/210.74 mi15, Quadrant Road, Thornton Heath, Greater London CR7 7DB4
£455K12/200.74 mi26, Lakehall Gardens, Thornton Heath, Greater London CR7 7EL4
£896K12/220.74 mi85, Norhyrst Avenue, London, Greater London SE25 4BY4
£605K03/210.75 mi36, Ross Road, South Norwood, London, Greater London SE25 6SB4
£500K06/210.75 mi16, Ross Road, South Norwood, London, Greater London SE25 6SE4
£556K01/210.75 mi72, Wharncliffe Road, London, Greater London SE25 6SL4
£495K03/210.76 mi31, Annsworthy Crescent, London, Greater London SE25 6TF4
£535K05/230.76 mi2, Lindfield Road, Croydon, Greater London CR0 6HN4
£665K03/210.77 mi115, South Norwood Hill, London, Greater London SE25 6DD4
£580K06/220.77 mi123, South Norwood Hill, London, Greater London SE25 6DD4
£460K12/210.77 mi12, Melfort Avenue, Thornton Heath, Greater London CR7 7RH4
£485.1K12/200.82 mi53, Thornhill Road, Croydon, Greater London CR0 2XZ4
£475K05/210.83 mi23, Foxley Road, Thornton Heath, Greater London CR7 7DX4
£535K05/210.84 mi87, Moffat Road, Thornton Heath, Greater London CR7 8PY4
£580K09/220.84 mi41, Southern Avenue, South Norwood, London, Greater London SE25 4BS4
£500K02/210.85 mi125, Birchanger Road, London, Greater London SE25 5BH4
£500K02/210.85 mi125, Birchanger Road, London, Greater London SE25 5BH4
£413K02/210.87 mi191, Livingstone Road, Thornton Heath, Greater London CR7 8JZ4
£450K02/230.88 mi5, Albert Road, London, Greater London SE25 4JD4
£480K01/210.89 mi99, Richmond Road, Thornton Heath, Greater London CR7 7QF4
£740K08/230.89 mi15, High View Close, London, Greater London SE19 2DS4
£797K09/230.89 mi16, High View Close, London, Greater London SE19 2DS4
£620K02/210.9 mi9, Burlington Road, Thornton Heath, Greater London CR7 8PG4
£480K03/210.9 mi96, Richmond Road, Thornton Heath, Greater London CR7 7QD4
£680K10/220.92 mi3, Grange Hill, London, Greater London SE25 6SX4
£550K12/210.92 mi23, Grange Hill, London, Greater London SE25 6SX4
£461.5K09/210.92 mi95, Alderton Road, Croydon, Greater London CR0 6HL4

Local Rents

50 rents from £1.7K/mo to £4K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,85002/240.03 mi-3
£3,00005/240.03 mi-3
£2,75012/240.03 mi-3
£3,75012/240.03 mi-3
£2,80012/240.03 mi-3
£2,70004/250.03 mi-3
£2,00008/240.12 mi-3
£1,99511/240.17 mi-3
£2,20003/240.18 miTalbot Road, THORNTON HEATH3
£2,10003/240.2 miZion Road, Thornton Heath, Surrey, CR73
£1,90003/240.2 miZion Road, Thornton Heath, CR73
£2,00001/250.2 mi-3
£1,95009/240.2 mi-3
£2,00008/240.2 miSouth Norwood, London, SE253
£2,20005/240.2 miTalbot Road, Thornton Heath, CR73
£2,20003/240.2 miZion Road, Thornton Heath, Surrey, CR74
£2,10003/240.2 miZion Road, Thornton Heath, Surrey, CR74
£1,99503/240.2 miZion Road, Thornton Heath, Surrey, CR74
£1,94504/240.2 miZion Road, Thornton Heath, Surrey, CR74
£1,89504/240.2 miZion Road, Thornton Heath, Surrey, CR74
£1,84505/240.2 miZion Road, Thornton Heath, Surrey, CR74
£2,04003/250.21 mi-3
£1,98008/240.21 mi-4
£1,98008/240.21 mi-4
£1,99901/250.22 mi-3
£1,74502/250.22 mi-3
£2,20012/240.22 mi-3
£2,50012/240.22 mi-3
£2,30012/240.24 mi-4
£2,10004/250.24 mi-3
£2,50003/250.24 mi-3
£2,30012/240.24 mi-4
£2,40004/240.27 miGilsland Road, Thornton Heath, CR73
£2,40005/240.27 mi-3
£1,95008/240.32 mi-3
£2,30008/240.32 miHolmesdale Road, London3
£2,20002/240.33 mi-3
£2,15012/240.33 miCoppice Yard, Bell Foundry Close, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,30012/240.34 miCoppice Yard, Croydon, CR03
£2,70005/240.35 miKynaston Road, Thornton Heath, CR74
£2,45005/240.35 mi-4
£2,00008/240.36 miWhitehorse Lane, London, SE253
£4,00008/240.37 miUpper Grove, South Norwood, London, SE255
£2,05008/240.38 miUpper Grove, South Norwood, SE253
£1,95001/250.38 mi-3

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

9.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £550,000

January 20, 2025

Floor Plans

Description

  • Quote AB0697 +
  • Guide Price - £550,000 - £600,000 +
  • POTENTIAL TO EXTEND OR CONVERT TO FLATS (STPP) +
  • Four Bedrooms +
  • 1554 Sq Ft +
  • In Need of Updating Througout +
  • South East Facing Private Garden - With Side Access +
  • Off Street Parking +
  • Close to Central Croydon +
  • Norwood Junction (Overground) Located Within 0.7 Miles +

ATTENTION INVESTORS / DEVELOPERS / LANDLORDS Currently Let on an AST - Full Details Available on Request. In Need of Updating Throughout. Property QUOTE AB0697 - Boasting nearly 1600 Sq Ft of internal space and situated on a prime residential road in South Norwood, this is an incredibly spacious four bedroom semi detached victorian house.  This property comes to market currently tenanted on an AST; please contact me for further details. The current layout comprises a long entrance hallway leading into the large breakfast room, which in turn leads into the spacious family kitchen featuring shaker style units with stainless steel appliances.  In addition to two large further receptions / reception &  dining room, the ground floor also offers direct access to the South East facing private rear garden.   Over the upper two floors, the property goes on to offer four double bedrooms, including an extremely spacious primary bedroom in the loft, and the family bathroom which includes a seperate bath and shower.  There is also a further additional W.C. Stand out features of the property include the generous space offered, private rear garden with side return access, and off street parking. This house is an ideal blank canvas for a family wanting to create the perfect family space, any investor looking to renovate and let as part of a portfolio, or developer looking to reimagine the space into multiple flats - STPP. Location Holmesdale Road is ideally situated for the many local amenities of Thornton Heath, while also offering easy access into Croydon, Beckenham, and Crystal Palace. Transport links are taken care of by Selhurst Station (0.5 miles away) and Norwood Junction (0.7 miles away), which offer access into London Bridge, London Victoria, and London St Pancras International.  West Croydon & Gatwick Airport are also accessible via these services.  The A23 offers direct road access both into London and South to the M23. The green open spaces of Grangewood Park are close by, as is the historic Selhurst Park Stadium; home of Crystal Palace Football Club.  Viewing is highly recommended. Other Information Freehold Local Authority - Croydon Council Tax Band - E Annual Council Tax Cost - £2,892.89

Agent Details

eXp UK, London

03304 609968

Next Steps?

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