3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 9ER, £230,000

North Walk, Field Way, Croydon, CR0 9ER - 129 views - 2 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£290K - £760K
Sold Prices/m²£3.2K/m² - £8.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£236,900
BMV3%

 

 

End Value (After Refurb)

£418,500

Uplift in Value

+82%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£49,155

Bridging Loan Interest

£6,038

Total Cash In

£122,543

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£418,500

Agent Fees (1%)

£4,185

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£119,272

Local Sold Prices

50 sold prices from £290K to £760K, average is £417.5K. £3.2K/m² to £8.2K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£355K12/220.12 mi67, Underwood, New Addington, Croydon, Greater London CR0 9EH3
£352.5K08/210.23 mi93, Dunley Drive, New Addington, Croydon, Greater London CR0 0RJ3
£307K12/200.23 mi125, Dunley Drive, New Addington, Croydon, Greater London CR0 0RJ3
£295K10/210.24 mi55, Elmside, New Addington, Croydon, Greater London CR0 9DU3
£312K02/210.29 mi96, Applegarth, New Addington, Croydon, Greater London CR0 9DH3
£292K12/200.31 mi53, Brierley, New Addington, Croydon, Greater London CR0 9DQ3
£290K11/200.36 mi23, Brierley, New Addington, Croydon, Greater London CR0 9DP3
£330K12/220.36 mi41, Brierley, New Addington, Croydon, Greater London CR0 9DP3
£365K07/210.37 mi46, Claygate Crescent, New Addington, Croydon, Greater London CR0 0RA3
£400K05/230.39 mi100, Headley Drive, New Addington, Croydon, Greater London CR0 0QF3
£355K02/230.39 mi62, Headley Drive, New Addington, Croydon, Greater London CR0 0QF3
£315K07/230.39 mi40, Applegarth, New Addington, Croydon, Greater London CR0 9DB3
£326K12/210.43 mi60, Bygrove, New Addington, Croydon, Greater London CR0 9DG3
£450K02/230.44 mi25, Headley Drive, New Addington, Croydon, Greater London CR0 0QH3
£435K04/210.46 mi88, Addington Village Road, Croydon, Greater London CR0 5AQ3
£440K11/210.46 mi84, Addington Village Road, Croydon, Greater London CR0 5AQ3
£320K12/200.52 mi170, Headley Drive, New Addington, Croydon, Greater London CR0 0QJ3
£365K12/200.54 mi71, Thursley Crescent, New Addington, Croydon, Greater London CR0 0PR3
£370K09/210.67 mi35, Goldcrest Way, New Addington, Croydon, Greater London CR0 0PL3
£377.5K09/210.67 mi157, King Henrys Drive, New Addington, Croydon, Greater London CR0 0PH3
£496K07/210.75 mi8, Falconwood Road, Croydon, Greater London CR0 9BB3
£440K06/230.77 mi5, Aldrich Crescent, New Addington, Croydon, Greater London CR0 0NP3
£500K05/210.78 mi10, Huntingfield, Croydon, Greater London CR0 9BA3
£750K11/220.79 mi146, The Grove, West Wickham, Greater London BR4 9JZ3
£750K06/210.8 mi1, Tudor Gardens, West Wickham, Greater London BR4 9LX3
£670K03/210.8 mi12, Tudor Gardens, West Wickham, Greater London BR4 9LX3
£400K07/230.81 mi29, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£380K07/210.81 mi87, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£377.5K01/210.81 mi41, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£371K08/210.81 mi55, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£472.5K03/210.82 mi70, Falconwood Road, Croydon, Greater London CR0 9BD3
£500K03/230.82 mi80, Falconwood Road, Croydon, Greater London CR0 9BD3
£390K04/210.82 mi4, Dovedale Close, Owlsmoor, Sandhurst, Bracknell Forest GU47 0YG3
£523K04/230.84 mi119, Falconwood Road, Croydon, Greater London CR0 9BF3
£608K06/210.84 mi29, Layhams Road, West Wickham, Greater London BR4 9HD3
£485K04/230.88 mi4, Grenville Road, New Addington, Croydon, Greater London CR0 0NY3
£760K01/230.91 mi33, Oaklands Avenue, West Wickham, Greater London BR4 9LF3
£585K03/210.91 mi26, Featherbed Lane, Croydon, Greater London CR0 9AE3
£540K09/210.92 mi196, Bridle Road, Croydon, Greater London CR0 8HL3
£335K03/210.92 mi31, Parkway, New Addington, Croydon, Greater London CR0 0JA3
£650K06/220.92 mi83, Layhams Road, West Wickham, Greater London BR4 9HE3
£325K06/230.93 mi33, Montacute Road, New Addington, Croydon, Greater London CR0 0JF3
£325K11/200.93 mi11, Bothwell Road, New Addington, Croydon, Greater London CR0 0NR3
£618K12/200.93 mi76, Palace View, Croydon, Greater London CR0 8QN3
£625K11/200.93 mi8, Highfield Drive, West Wickham, Greater London BR4 9NH3
£740K01/210.93 mi3, Highfield Drive, West Wickham, Greater London BR4 9NH3
£620K02/210.93 mi17, Highfield Drive, West Wickham, Greater London BR4 9NH3
£627K02/210.93 mi12, Highfield Drive, West Wickham, Greater London BR4 9NH3
£455K03/230.94 mi22, Parkway, New Addington, Croydon, Greater London CR0 0LA3
£460.8K07/230.94 mi52, Parkway, New Addington, Croydon, Greater London CR0 0LA3

Local Rents

13 rents from £1.4K/mo to £2.7K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,95012/240.05 mi-3
£2,05011/240.06 mi-3
£2,70010/240.09 mi-3
£2,70011/240.09 mi-3
£2,69010/240.11 mi-3
£2,05012/240.26 mi-3
£2,00011/230.26 mi-3
£2,50011/240.27 mi-3
£2,40011/240.27 mi-3
£2,10010/230.32 mi-3
£1,85001/240.44 mi-3
£2,00012/240.52 mi-3
£1,44112/240.57 miHeadley Drive, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £230,000

January 22, 2025

Floor Plans

Description

Welcomed to the market is this three bedroom mid terraced family home which is situated on Fieldway. Internally the property does require complete modernisation throughout but this has been factored within the asking price. Internally the property benefits from a fitted kitchen and bathroom, useful downstairs cloakroom, large open plan living room, three double bedrooms and level rear garden. Your earliest viewing is warranted to avoid disappointment. Freehold/ Croydon council tax band C/ EPC D.

Hallway - 1.76 x 4.32 (5'9" x 14'2") -

Downstairs Wc -

Kitchen - 2.60 x 3.00 (8'6" x 9'10") -

Living/Dining Room - 6.14 x 3.61 (20'1" x 11'10") -

Bedroom - 2.11 x 3.05 (6'11" x 10'0") -

Bedroom - 3.95 x 3.51 (12'11" x 11'6") -

Bedroom - 3.62 x 3.37 (11'10" x 11'0") -

Landing -

Bathroom -

Rear Garden -

Agent Details

Paul Meakin Estate Agents, South Croydon

020 3910 6643

Next Steps?

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

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