2 Bed Flat, Cash/Bridging Only, Croydon, CR0 6XG, £230,000

Outram Road, Croydon, CR0 6XG - 2 months ago

Cash
ROI: 4%
~63 m²
+2 photos

ValuationUndervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.5K/m² - £12.2K/m²

 

 

Square Metres

~63.20 m²
Price/m²£3.6K/m²

Value Estimate

£236,900
BMV3%

 

 

End Value (After Refurb)

£289,938

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£33,404

Bridging Loan Interest

£6,038

Total Cash In

£113,492

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£289,938

Mortgage (After Refinance)

£217,454

Mortgage LTV

75%

Cash Released

£44,954

Cash Left In

£68,538

Equity

£72,485

Rent Range

£1,250 - £2,300

Rent Estimate

£1,590

Running Costs/mo

£1,244

Cashflow/mo

£346

Cashflow/yr

£4,151

ROI

4%

Gross Yield

8%

Local Sold Prices

41 sold prices from £200K to £660K, average is £294K. £2.5K/m² to £12.2K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£260K06/210 mi53d, Outram Road, Croydon, Greater London CR0 6XG2
£282.5K06/230.09 mi45a, Havelock Road, Croydon, Greater London CR0 6QQ2
£660K06/210.14 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£248K04/210.22 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£300K04/230.28 mi63, Fisher Close, Croydon, Greater London CR0 6QY2
£275K11/210.35 mi43, East India Way, Croydon, Greater London CR0 6NZ2
£335K10/210.38 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.38 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£375K02/230.38 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£299.5K10/210.39 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£343K09/210.4 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.4 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£340K02/210.42 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£329.2K06/210.42 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£367.5K09/210.43 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£320K12/200.43 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£257K08/210.46 mi33, Burnham Gardens, Croydon, Greater London CR0 6NP2
£266K02/230.46 mi30, Burnham Gardens, Croydon, Greater London CR0 6NP2
£327K12/200.46 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£265K01/230.46 mi42, Burnham Gardens, Croydon, Greater London CR0 6NP2
£334K07/230.49 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£255K07/230.5 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£375K03/210.55 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£326K09/210.56 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£337.5K12/200.59 mi74, Dartnell Road, Croydon, Greater London CR0 6JA2
£292.5K02/230.6 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£352K06/210.61 mi8a, Vincent Road, Croydon, Greater London CR0 6ED2
£262K03/210.75 mi18, Brampton Road, Croydon, Greater London CR0 6JN2
£259.5K01/210.75 mi32, Brampton Road, Croydon, Greater London CR0 6JN2
£260K02/210.79 mi58, Woodside Green, London, Greater London SE25 5EU2
£270K08/230.82 mi60, Manning Gardens, Croydon, Greater London CR0 7DU2
£265K11/200.82 mi39, Manning Gardens, Croydon, Greater London CR0 7DU2
£280K02/210.82 mi66, Manning Gardens, Croydon, Greater London CR0 7DU2
£200K06/210.87 mi7, Coe Avenue, London, Greater London SE25 5HN2
£245K12/210.88 mi15, Hardcastle Close, Croydon, Greater London CR0 6XQ2
£310K05/230.91 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.91 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.91 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.91 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£294K03/230.99 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£243K02/230.99 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2

Local Rents

51 rents from £1.3K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50012/240 miOutram Road, CR02
£1,60012/240.01 miOutram Road, Croydon, CR02
£2,30003/250.02 mi-2
£2,30003/250.02 mi-2
£1,59502/240.05 mi-2
£1,59502/240.05 mi-2
£1,40012/240.07 miCollege Court 2
£1,45012/240.07 miAddiscombe Road, Croydon, CR02
£1,40012/240.07 miAshburton Road, Addiscombe2
£1,50012/240.09 miAddiscombe Road, Croydon2
£1,32512/240.09 miHavelock Road, Croydon, CR02
£1,55012/240.09 miCecil Court, Addiscombe Road, Croydon, CR02
£1,60012/240.09 miAddiscombe Road, Croydon, CR02
£1,77712/240.1 mi-2
£1,53002/250.13 mi-2
£1,40003/250.13 mi-2
£1,60012/240.13 miElgin Road, Croydon, CR02
£1,39512/240.14 miLynden Hyrst, East Croydon2
£1,60012/240.14 miLynden Hyrst, Addiscombe Road2
£1,55012/240.14 miSt. Davids Court, 100 Outram Road, Croydon, CR02
£1,55012/240.14 mi2 Bedroom Flat To Let in Croydon2
£1,55002/250.15 mi-2
£1,55002/250.15 mi-2
£1,55002/250.15 mi-2
£1,55002/250.15 mi-2
£1,55002/250.15 mi-2
£1,55002/250.15 mi-2
£1,55003/250.15 mi-2
£1,60002/250.15 mi-2
£1,55012/240.15 miAshburton Road, Croydon, Surrey, CR02
£1,65002/250.16 mi-2
£1,85002/250.16 mi-2
£1,70002/240.16 mi-2
£1,60012/240.16 miAddiscombe Road, Croydon, CR02
£2,10003/250.16 mi-2
£1,25002/250.18 mi-2
£1,55012/240.18 miLower Addiscombe Road, Addiscombe, CR02
£1,85001/250.19 mi-2
£1,70003/250.2 mi-2
£1,85012/240.2 miRadcliffe Road, East Croydon2
£1,60012/240.21 miHamilton Court, 66 Ashburton Road, Croydon, CR02
£1,40012/240.22 mi135 Addiscombe Road, Croydon, CR0 6SJ2
£1,50002/250.23 mi-2
£1,40002/250.23 mi-2
£1,29502/250.23 mi-2
£1,60012/240.24 miBishops Court, Croydon Croydon CR02
£1,50012/240.24 miSullivan Court, Croydon, Surrey, CR02
£1,60012/240.25 miPrincess Court, Canning Road, Croydon, CR02
£1,50012/240.26 miLower Addiscombe Road, Croydon, Surrey, CR02
£1,60003/250.26 mi-2
£1,50012/240.27 miAddiscombe Road, Croydon, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.51 miles away

Nearest school

0.50 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £230,000

March 25, 2025

Listed for £240,000

January 23, 2025

Floor Plans

Description

CASH BUYERS ONLY

In need of refurbishment this is a ground floor two-bedroom flat. Situated at the heart of a small residential development this property is in need to some TLC. Measuring over 600 SQ FT there is an entrance hall, large lounge, adjacent kitchen area with an attached balcony overlooking the communal garden, two double bedrooms and a family bathroom. The property also benefits from ample storage through-out and a residential parking, with no onward chain.

EPC Rating: C

Agent Details

Bairstow Eves, Croydon

020 3835 3594

Next Steps?

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