Potential 4-Bed HMO, South Croydon, CR2 6PW, £475,000

Selsdon Road, South Croydon, CR2 6PW - 6 views - 2 months ago

Sold STC
HMO
ROI: 5%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£212.7K - £750K
Sold Prices/m²£2.6K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£477,467

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Room Rate

£823

Gross Rent

£3,292

Running Costs/mo

£2,717

Cashflow/mo

£575

Cashflow/yr

£6,899

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £212.7K to £750K, average is £450K. £2.6K/m² to £6.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£460K01/230.06 mi40, Selsdon Road, South Croydon, Greater London CR2 6PB3
£440K03/210.09 mi5, Croham Road, South Croydon, Greater London CR2 7PB3
£480K09/210.16 mi18, Upland Road, South Croydon, Greater London CR2 6RD3
£475K09/210.2 mi87, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£432.5K01/210.2 mi63, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£520K01/210.25 mi11, Birdhurst Avenue, South Croydon, Greater London CR2 7DX3
£535K06/230.27 mi63, Temple Road, Croydon, Greater London CR0 1HW3
£750K06/210.3 mi17, Whitgift Avenue, South Croydon, Greater London CR2 6AZ3
£660K12/220.32 mi10, Birdhurst Gardens, South Croydon, Greater London CR2 7DT3
£415K06/230.34 mi27, Sussex Road, South Croydon, Greater London CR2 7DB3
£368.5K08/210.34 mi67, Sussex Road, South Croydon, Greater London CR2 7DB3
£450K12/220.34 mi11, Sussex Road, South Croydon, Greater London CR2 7DB3
£450K12/220.34 mi21, Selsdon Avenue, South Croydon, Greater London CR2 6PP3
£385K11/200.37 mi43, Whitmead Close, South Croydon, Greater London CR2 7AS3
£437K02/230.38 mi4, Jarvis Road, South Croydon, Greater London CR2 6HU3
£510K05/230.39 mi19, Brafferton Road, Croydon, Greater London CR0 1AD3
£427K12/200.39 mi313, Selsdon Road, South Croydon, Greater London CR2 6PT3
£487K01/230.39 mi315, Selsdon Road, South Croydon, Greater London CR2 6PT3
£450K03/210.39 mi345, Selsdon Road, South Croydon, Greater London CR2 6PT3
£492.5K07/210.4 mi23, Avondale Road, South Croydon, Greater London CR2 6JE3
£375K11/210.4 mi32, Southbridge Road, Croydon, Greater London CR0 1AE3
£492.5K05/230.4 mi61, Tanfield Road, Croydon, Greater London CR0 1AN3
£483.6K12/220.41 mi40, Tanfield Road, Croydon, Greater London CR0 1AL3
£400K03/210.42 mi47, Newark Road, South Croydon, Greater London CR2 6HR3
£610K03/230.43 mi2, West Street, Croydon, Greater London CR0 1DG3
£461.1K01/230.43 mi57, Newark Road, South Croydon, Greater London CR2 6HR3
£375K09/210.44 mi44, Newark Road, South Croydon, Greater London CR2 6HQ3
£410K05/230.44 mi40, Newark Road, South Croydon, Greater London CR2 6HQ3
£410K06/210.47 mi8, Chelsham Road, South Croydon, Greater London CR2 6HY3
£575K06/210.47 mi62, Chelsham Road, South Croydon, Greater London CR2 6HY3
£427K10/210.47 mi81, Haling Park Road, South Croydon, Greater London CR2 6NN3
£450K06/210.47 mi55, Mansfield Road, South Croydon, Greater London CR2 6HP3
£560K02/210.49 mi46, Wandle Road, Croydon, Greater London CR0 1DF3
£400K09/210.49 mi5, Nicola Close, South Croydon, Greater London CR2 6NA3
£350K01/210.49 mi41, Nicola Close, South Croydon, Greater London CR2 6NA3
£450K06/210.49 mi49, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£465.5K11/200.49 mi39, Chelsham Road, South Croydon, Greater London CR2 6HZ3
£425K03/210.49 mi12, Laud Street, Croydon, Greater London CR0 1SU3
£632.5K12/220.51 mi6, Rockhampton Road, South Croydon, Greater London CR2 7AQ3
£515K04/210.51 mi9, Rockhampton Road, South Croydon, Greater London CR2 7AQ3
£448.6K09/210.52 mi293, Violet Lane, Croydon, Greater London CR0 4HN3
£425K05/210.52 mi287, Violet Lane, Croydon, Greater London CR0 4HN3
£460K03/210.52 mi44, Violet Lane, Croydon, Greater London CR0 4HF3
£355K06/210.52 mi42, Nicola Close, South Croydon, Greater London CR2 6NB3
£395K12/200.52 mi26, Nicola Close, South Croydon, Greater London CR2 6NB3
£480K05/210.52 mi3, Avondale Road, South Croydon, Greater London CR2 6JE3
£212.7K01/210.52 mi1, Vauxhall Gardens, South Croydon, Greater London CR2 6JR3
£380K10/200.54 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£495K09/220.55 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£545K03/230.57 mi28, Minster Drive, Croydon, Greater London CR0 5UP3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £475,000

January 21, 2025

Floor Plans

Description

  • 3/4 bedrooms +
  • Over 3 floors +
  • Development Opportunity +
  • Parking space to the rear +
  • Excellent location +
  • Close to South Croydon Station +

Excellent Development Opportunity.

This 3 storey building has plenty of potential and could be converted into flats or an HMO (subject to all necessary planning consents). The property is situated in a brilliant location close to South Croydon Station and Croydon Town Centre is only down the road.

TRANSPORT
South Croydon Station 0.2 miles

SCHOOLS - INFANTS & PRIMARY
Heathfield Academy 0.2 miles
Harris Primary Academy 0.4 miles

Agent Details

Streets Ahead, Croydon Central

020 3879 5714

Next Steps?

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