2 Bed Terraced House, Refurb/BRRR, South Croydon, CR2 0PF, £310,000

Sanderstead Road, South Croydon, CR2 0PF - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£295K - £507.5K
Sold Prices/m²£2.4K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£310,000

 

 

End Value (After Refurb)

£356,099

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£36,043

Bridging Loan Interest

£8,138

Total Cash In

£136,930

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£356,099

Mortgage (After Refinance)

£267,074

Mortgage LTV

75%

Cash Released

£34,574

Cash Left In

£102,356

Equity

£89,025

Rent Range

£1,250 - £3,467

Rent Estimate

£1,618

Running Costs/mo

£1,456

Cashflow/mo

£162

Cashflow/yr

£1,939

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £295K to £507.5K, average is £370K. £2.4K/m² to £6.7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£365K10/200.02 mi50, Sanderstead Road, South Croydon, Greater London CR2 0PA2
£352.5K02/210.03 mi3, Rolleston Road, South Croydon, Greater London CR2 0PT2
£402K06/230.04 mi23, Sanderstead Road, South Croydon, Greater London CR2 0PE2
£350K03/230.06 mi54, Bynes Road, South Croydon, Greater London CR2 0PR2
£345K06/210.06 mi66, Bynes Road, South Croydon, Greater London CR2 0PR2
£390K09/210.07 mi165, Bynes Road, South Croydon, Greater London CR2 0PS2
£312K03/210.07 mi151, Bynes Road, South Croydon, Greater London CR2 0PS2
£360K04/210.07 mi133, Bynes Road, South Croydon, Greater London CR2 0PS2
£420K01/230.08 mi129, Bynes Road, South Croydon, Greater London CR2 0PZ2
£348.5K06/210.09 mi65, Bynes Road, South Croydon, Greater London CR2 0PZ2
£435.5K12/220.11 mi45, Bynes Road, South Croydon, Greater London CR2 0PY2
£370K06/210.12 mi32, Wyche Grove, South Croydon, Greater London CR2 6EX2
£367K04/210.12 mi4, Wyche Grove, South Croydon, Greater London CR2 6EX2
£375K06/210.12 mi8, Wyche Grove, South Croydon, Greater London CR2 6EX2
£436.5K03/210.13 mi55, Churchill Road, South Croydon, Greater London CR2 6HE2
£412.5K02/230.13 mi29, Churchill Road, South Croydon, Greater London CR2 6HE2
£335K03/230.13 mi76, Napier Road, South Croydon, Greater London CR2 6HG2
£295K04/210.13 mi76, Napier Road, South Croydon, Greater London CR2 6HG2
£370K01/230.13 mi44, Napier Road, South Croydon, Greater London CR2 6HG2
£350K10/200.16 mi61, Napier Road, South Croydon, Greater London CR2 6HJ2
£350K12/200.19 mi50, Crunden Road, South Croydon, Greater London CR2 6HD2
£329.5K11/200.19 mi46, Crunden Road, South Croydon, Greater London CR2 6HD2
£333K06/210.19 mi42, Crunden Road, South Croydon, Greater London CR2 6HD2
£405K06/230.19 mi24, Crunden Road, South Croydon, Greater London CR2 6HD2
£507.5K07/230.19 mi1a, Broomhall Road, South Croydon, Greater London CR2 0PX2
£330K01/210.19 mi28, Crunden Road, South Croydon, Greater London CR2 6HD2
£375K03/210.2 mi21, Crunden Road, South Croydon, Greater London CR2 6HL2
£435K12/200.21 mi76, Churchill Road, South Croydon, Greater London CR2 6HB2
£472K09/210.26 mi29, Mansfield Road, South Croydon, Greater London CR2 6HP2
£397.5K04/210.26 mi33, Mansfield Road, South Croydon, Greater London CR2 6HP2
£430K03/230.26 mi37, Mansfield Road, South Croydon, Greater London CR2 6HP2
£379.5K04/210.28 mi46, Chelsham Road, South Croydon, Greater London CR2 6HY2
£379.9K03/210.29 mi38, Newark Road, South Croydon, Greater London CR2 6HQ2
£375K02/210.31 mi7, Newark Road, South Croydon, Greater London CR2 6HR2
£425K01/210.35 mi10, Jarvis Road, South Croydon, Greater London CR2 6HU2
£340K05/210.36 mi57, Jarvis Road, South Croydon, Greater London CR2 6HW2
£370K03/230.36 mi61, Jarvis Road, South Croydon, Greater London CR2 6HW2
£410K06/210.36 mi15, Jarvis Road, South Croydon, Greater London CR2 6HW2
£396.5K05/230.36 mi47, Jarvis Road, South Croydon, Greater London CR2 6HW2
£338K04/210.38 mi115, Sussex Road, South Croydon, Greater London CR2 7DD2
£350K11/210.38 mi91, Sussex Road, South Croydon, Greater London CR2 7DD2
£335K02/210.38 mi117, Sussex Road, South Croydon, Greater London CR2 7DD2
£313.5K05/210.38 mi99, Sussex Road, South Croydon, Greater London CR2 7DD2
£325K08/210.38 mi111, Sussex Road, South Croydon, Greater London CR2 7DD2
£357K11/200.39 mi60, Sussex Road, South Croydon, Greater London CR2 7DA2
£358K07/210.39 mi28, Helder Street, South Croydon, Greater London CR2 6HT2
£376.5K10/200.39 mi23, Helder Street, South Croydon, Greater London CR2 6HT2
£400K01/230.39 mi37, Helder Street, South Croydon, Greater London CR2 6HT2
£380K01/230.39 mi3, Helder Street, South Croydon, Greater London CR2 6HT2
£380K02/210.39 mi19, Helder Street, South Croydon, Greater London CR2 6HT2

Local Rents

51 rents from £1.3K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.04 mi-2
£1,50012/240.12 miBrighton Road, South Croydon, Surrey, CR22
£1,70003/250.12 mi-2
£1,60012/240.18 miOriana Court, South Croydon2
£1,60012/240.19 miChurchill Road, South Croydon, CR2 6HB2
£1,60012/240.22 miBlenheim Park Road, South Croydon2
£1,60003/250.23 mi-2
£1,55012/240.24 miMayfield Road, South Croydon, Surrey, CR22
£1,50012/240.24 miMayfield Road, South Croydon, Surrey, CR22
£1,40001/250.24 mi-2
£1,60012/240.25 miAvondale Road, SOUTH CROYDON2
£1,60012/240.25 miParrs Close, Croydon, CR22
£1,70012/240.26 miMansfield Road, South Croydon2
£1,60012/240.27 miParrs Close, Sanderstead2
£1,45012/240.28 miFlorence road, CR22
£1,50002/250.3 mi-2
£1,55012/240.31 miBrighton Road, South Croydon2
£1,95012/240.32 miBrambledown Road, SOUTH CROYDON2
£1,85012/240.33 miBrighton Road, South Croydon, CR22
£1,75012/240.33 mi-2
£1,75012/240.35 miJarvis Road, South Croydon2
£1,70012/240.37 miBrighton Road, South Croydon, Surrey2
£1,50003/250.38 mi-2
£1,35012/240.38 miSouth Croydon, Surrey2
£2,00012/240.39 miHaling Park Road, South Croydon, South Croydon2
£1,25012/240.39 miSouth Croydon, Surrey2
£1,77512/240.39 miHelder Street, South Croydon, CR22
£1,70002/240.39 mi-2
£1,75012/240.39 miHelder Street, South Croydon, CR22
£1,80012/240.4 miHaling Park Road, South Croydon2
£3,46703/250.4 mi-2
£1,70012/240.4 miSussex Road, South Croydon, CR22
£1,70003/240.4 mi-2
£1,60012/240.41 miHaling Park Road, South Croydon2
£1,60012/240.42 miPampisford Road, SOUTH CROYDON2
£1,50012/240.43 miHaling Park Road, South Croydon2
£1,60012/240.43 miTheresas Walk, South Croydon, CR22
£1,50012/240.43 mi-2
£1,50012/240.43 miLismore Road, South Croydon, Surrey, CR2 7QA2
£1,60012/240.43 miTheresas Walk, SOUTH CROYDON2
£1,65012/240.44 miBeechwood Road, South Croydon, CR02
£1,50001/250.44 mi-2
£1,55012/240.44 miHaling Park Road, South Croydon, CR22
£1,50012/240.44 miHaling Road2
£1,60002/240.45 mi-2
£1,60002/240.45 mi-2
£1,42502/240.45 mi-2
£1,60012/240.45 mi-2
£1,65012/240.46 miBeechwood Road, South Croydon2
£1,65012/240.46 miSussex Road, South Croydon2
£1,65012/240.46 miReddington Close, South Croydon2

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.07 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £310,000

January 20, 2025

Floor Plans

Description

  • REFURBISHMENT NEEDED +
  • Two bedrooms +
  • Upstairs bathroom +
  • Ground Floor WC +
  • Off street aprking at the rear +
  • NO CHAIN +
  • Probate Sale - Grant of probate has been issued. +

REFURBISHMENT PROJECT!! An end of terrace house with off street parking at the rear in need of complete refurbishment. The accommodation comprises two reception rooms to the ground floor, kitchen, lean to area and a ground floor WC. Upstairs are two double bedrooms and a bathroom accessed via the second bedroom. Probate sale - grant of probate has been issued.SOLD AS SEEN. Council Tax band C. EPc Rating D.

Gated off street parking
There is a dropped kerb providing access to what could be loosely described as a garage but the structure needs demolishing and has not been inspected to see if it is large enough to be a garage.

Agent Details

John Dallas, South Croydon

020 3889 9011

Next Steps?

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