2 Bed Flat, Single Let, South Croydon, CR2 8LE, £290,000

Faversham House, 232A Addington Road, Selsdon, CR2 8LE - 1 views - 3 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£180K - £437.5K
Sold Prices/m²£2.6K/m² - £12.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£337,342
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Rent Range

£1,399 - £2,200

Rent Estimate

£1,499

Running Costs/mo

£1,226

Cashflow/mo

£273

Cashflow/yr

£3,275

ROI

4%

Gross Yield

6%

Local Sold Prices

44 sold prices from £180K to £437.5K, average is £286K. £2.6K/m² to £12.2K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£267.5K02/210.3 mi8, Bruce Drive, South Croydon, Greater London CR2 8SL2
£270K03/210.3 mi2, Bruce Drive, South Croydon, Greater London CR2 8SL2
£264.5K09/210.36 mi4, Ashen Vale, Selsdon, South Croydon, Greater London CR2 8JA2
£274K11/220.37 mi6, Ashen Vale, Selsdon, South Croydon, Greater London CR2 8JA2
£280K08/210.42 mi26, Swallowdale, South Croydon, Greater London CR2 8SJ2
£265K04/210.42 mi46, Swallowdale, South Croydon, Greater London CR2 8SJ2
£262.5K06/210.44 mi42, Swallowdale, South Croydon, Greater London CR2 8SJ2
£380K09/210.85 miFlat 7, Doble Court, Addington Road, South Croydon, Greater London CR2 8RN2
£422K07/230.85 miFlat 6, Doble Court, Addington Road, South Croydon, Greater London CR2 8RN2
£270K09/211.07 mi11, Cranleigh Close, South Croydon, Greater London CR2 9LH2
£245K01/211.07 miFirst Floor Flat, 41, Cranleigh Close, South Croydon, Greater London CR2 9LH2
£245K09/221.19 miFlat 7, Redvers Court, Redvers Road, Warlingham, Surrey CR6 9JW2
£295K03/211.38 mi88, Orchard Road, South Croydon, Greater London CR2 9LW2
£282.5K11/211.41 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2
£327.5K11/201.41 mi24, Reddington Close, South Croydon, Greater London CR2 0QZ2
£293.5K02/231.42 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£335K11/211.6 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£295K02/211.6 miFlat 7, New Place, Addington Village Road, Croydon, Greater London CR0 5AQ2
£305K01/211.62 mi44, Campden Road, South Croydon, Greater London CR2 7EN2
£280K02/211.66 mi1, Sycamore Close, South Croydon, Greater London CR2 7LN2
£284K10/211.67 mi77, North Downs Crescent, New Addington, Croydon, Greater London CR0 0LJ2
£310K05/231.67 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/201.67 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/221.67 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/231.67 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£238K11/221.67 mi53, Kingswood Avenue, South Croydon, Greater London CR2 9DQ2
£305K01/231.71 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£368K05/231.72 mi72a, Croham Road, South Croydon, Greater London CR2 7BD2
£280K05/211.76 mi144, Wentworth Way, South Croydon, Greater London CR2 9ET2
£315K01/231.78 mi146, Wentworth Way, South Croydon, Greater London CR2 9ET2
£330K01/231.78 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£423K11/201.79 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£180K12/211.79 mi64, Foxcombe, New Addington, Croydon, Greater London CR0 9EZ2
£288K06/211.83 mi233, Tithe Pit Shaw Lane, Warlingham, Greater London CR6 9AW2
£243K02/231.86 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£320K12/201.86 mi6, Meadway, Warlingham, Surrey CR6 9RW2
£325K08/211.88 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£437.5K12/201.88 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£262.5K06/231.89 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£255K07/211.89 mi109, Limpsfield Road, Warlingham, Surrey CR6 9RH2
£269K06/211.9 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£287K09/221.93 mi190, Tithepit Shaw Lane, Warlingham, Surrey CR6 9AP2
£282K10/221.98 mi163, Limpsfield Road, Warlingham, Surrey CR6 9RG2
£327K12/201.99 mi44, Green Acres, Croydon, Greater London CR0 5UX2

Local Rents

14 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,39902/240.09 mi-2
£1,49902/250.09 mi-2
£1,49903/250.09 mi-2
£1,50002/240.35 mi-2
£2,20012/240.43 miCroham Valley Road, Croydon, South Croydon, CR22
£2,20012/240.44 miCroham Valley Road, South Croydon2
£2,20012/240.44 miCroham Valley Road, South Croydon, CR22
£1,75009/240.44 mi-2
£1,65003/250.44 mi-2
£1,80003/240.45 mi-2
£2,00012/240.45 mi-2
£2,00003/250.45 mi-2
£1,60004/250.49 mi-2
£2,09503/250.56 mi-2

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £290,000

January 22, 2025

Floor Plans

Description

  • Two double bedrooms +
  • En suite and family bathroom +
  • Double Glazing +
  • Electric Heating +
  • Allocated Parking +
  • 116 year lease +
  • Selsdon High Street location +
  • EPC Rating D +
  • Council Tax Band B +

A huge two double bedroom, two bathroom modern flat with large double aspect full height windows to the side and front, in the heart of Selsdon town centre, benefiting from an allocated parking space and being immediately close to the bus stop for the 24 hours a day 64 route in to East Croydon station and Croydon Town Centre. The accommodation briefly comprises a large hallway with ample storage and entryphone system, large open plan lounge / diner and kitchen with modern units with integrated induction hob and electric oven, a double bedroom built in wardrobes with en suite shower room and a further double bedroom next to the family bathroom. Selsdon High Street is a thriving selection of shops, restaurants, cafes, bars and both a Sainsbury's and an Aldi so this property is so well located for amenities. .

Parking
Allocated parking space

Lease Information
The balance of a 125 years created 1 January 2016

Agent Details

John Dallas, South Croydon

020 3889 9011

Next Steps?

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