4 Bed Terraced House, Refurb/BRRR, Croydon, CR0 7DA, £500,000

Ashling Road, Addiscombe, CR0 7DA - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~129 m²
+7 photos

ValuationFair Value

Sold Prices£435K - £1.2M
Sold Prices/m²£3.3K/m² - £8.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.9K/m²

Value Estimate

£505,000

 

 

End Value (After Refurb)

£598,090

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£68,319

Bridging Loan Interest

£13,125

Total Cash In

£236,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£598,090

Mortgage (After Refinance)

£448,568

Mortgage LTV

75%

Cash Released

£73,568

Cash Left In

£163,326

Equity

£149,523

Rent Range

£775 - £6,400

Rent Estimate

£2,603

Running Costs/mo

£2,410

Cashflow/mo

£193

Cashflow/yr

£2,320

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £435K to £1.2M, average is £565K. £3.3K/m² to £8.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£570K03/210.09 mi23, Baring Road, Croydon, Greater London CR0 7DD4
£560K03/210.13 mi51, Bingham Road, Croydon, Greater London CR0 7EG4
£520K03/230.13 mi2, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE4
£605K11/200.14 mi22, Teevan Road, Croydon, Greater London CR0 6RN4
£480K01/210.16 mi46, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£475K06/210.16 mi14, Addiscombe Avenue, Croydon, Greater London CR0 6LH4
£540.5K04/210.16 mi33, Sundridge Road, Croydon, Greater London CR0 6RL4
£620K09/210.17 mi33, Sefton Road, Croydon, Greater London CR0 7HS4
£575K09/210.21 mi59, Fernhurst Road, Croydon, Greater London CR0 7DJ4
£725K03/210.25 mi2, Carlyle Road, Croydon, Greater London CR0 7HN4
£476K10/210.27 mi27, Dalmally Road, Croydon, Greater London CR0 6LU4
£720K08/210.28 mi79, Selwood Road, Croydon, Greater London CR0 7JW4
£462K05/210.3 mi389, Lower Addiscombe Road, Croydon, Greater London CR0 6RJ4
£540K05/210.3 mi29, Kingscote Road, Croydon, Greater London CR0 7DP4
£492.5K01/210.35 mi24, Craigen Avenue, Croydon, Greater London CR0 7JL4
£445K12/200.36 mi239, Morland Road, Croydon, Greater London CR0 6HE4
£945K07/210.37 mi8, Elgin Road, Croydon, Greater London CR0 6XA4
£675K06/210.38 mi4, Cheyne Walk, Croydon, Greater London CR0 7HG4
£490K08/210.39 mi325, Morland Road, Croydon, Greater London CR0 6HF4
£685K04/230.39 mi10, Whitethorn Gardens, Croydon, Greater London CR0 7LL4
£850K02/230.4 mi305, Addiscombe Road, Croydon, Greater London CR0 7LE4
£461.5K09/210.41 mi95, Alderton Road, Croydon, Greater London CR0 6HL4
£435K11/210.41 mi41, Alderton Road, Croydon, Greater London CR0 6HL4
£690K05/230.42 mi339, Addiscombe Road, Croydon, Greater London CR0 7LF4
£1.1M05/210.46 mi9, Woodbury Close, Croydon, Greater London CR0 5PR4
£480K09/210.46 mi23, Stroud Road, London, Greater London SE25 5DR4
£665K06/210.5 mi387, Addiscombe Road, Croydon, Greater London CR0 7LJ4
£535K05/230.53 mi2, Lindfield Road, Croydon, Greater London CR0 6HN4
£687.5K02/230.54 mi17b, Radcliffe Road, Croydon, Greater London CR0 5QG4
£587K02/230.59 mi32, Dickensons Lane, London, Greater London SE25 5HS4
£500K06/210.59 mi23, Paul Gardens, Croydon, Greater London CR0 5QL4
£605K06/210.6 mi127, Addiscombe Court Road, Croydon, Greater London CR0 6TX4
£521K05/210.61 mi72, Edward Road, Croydon, Greater London CR0 6DY4
£1.2M06/210.66 mi27, Mapledale Avenue, Croydon, Greater London CR0 5TG4
£1.1M04/210.66 mi4, Grimwade Avenue, Croydon, Greater London CR0 5DG4
£506.3K11/210.71 mi18, Deans Close, Croydon, Greater London CR0 5PU4
£450K02/210.71 mi38, Estcourt Road, London, Greater London SE25 4SD4
£500K02/210.75 mi125, Birchanger Road, London, Greater London SE25 5BH4
£500K02/210.75 mi125, Birchanger Road, London, Greater London SE25 5BH4
£560K11/210.76 mi3, Woodside Avenue, London, Greater London SE25 5DW4
£705K03/230.78 mi40, Barnfield Avenue, Shirley, Croydon, Greater London CR0 8SE4
£740K01/230.78 mi53, Addiscombe Road, Croydon, Greater London CR0 6SB4
£570K11/210.79 mi62, Turnpike Link, Croydon, Greater London CR0 5NX4
£835K12/220.83 mi22, Eldon Avenue, Croydon, Greater London CR0 8SD4
£805K12/200.83 mi21, Eldon Avenue, Croydon, Greater London CR0 8SD4
£540K06/230.83 mi118, Coleridge Road, Croydon, Greater London CR0 7BR4
£510K06/210.83 mi102, Coleridge Road, Croydon, Greater London CR0 7BR4
£570K06/230.83 mi17, Primrose Lane, Croydon, Greater London CR0 8YL4
£520K01/210.86 mi19, Wickham Road, Croydon, Greater London CR0 8TA4
£700K05/210.86 mi2, Alison Close, Croydon, Greater London CR0 8XA4

Local Rents

50 rents from £775/mo to £6.4K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£4,50012/240.1 mi-8
£2,05012/240.16 miSundridge Road, Croydon, CR03
£1,80012/240.16 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.16 miSundridge Road, Addiscombe, Croydon3
£2,60012/240.19 miFernhurst Road, Croydon, CR05
£2,20012/240.21 miCompton Road, Addiscombe, CR03
£1,98503/240.21 mi-3
£2,40012/240.23 miTeevan Road, Croydon, Surrey, CR04
£2,00012/240.23 mi-3
£2,25012/240.25 miBlackhorse Lane, Croydon, Surrey3
£2,20012/240.28 miWydehurst Road4
£2,80003/250.28 mi-4
£5,00012/240.28 mi-6
£1,75012/240.29 mi-3
£2,30003/240.33 mi-5
£2,30012/240.34 mi-3
£1,95012/240.34 miMorland Road, Addiscombe, CR03
£2,30012/240.35 mi-3
£77502/250.35 mi-5
£3,30012/240.38 miCheyne Walk, Croydon, CR04
£3,30012/240.38 miCheyne Walk, Croydon, CR04
£2,20012/240.38 miShirley Road, Croydon, CR03
£2,30003/250.39 mi-3
£4,25003/250.4 mi-4
£3,70012/240.41 miAddiscombe Road, Croydon, CR05
£2,20002/240.41 mi-3
£4,00012/240.44 mi-5
£1,75012/240.45 mi-3
£2,50012/240.48 miBeckford Road, Croydon, CR04
£2,20003/250.49 mi-3
£3,50008/240.49 mi-5
£2,50003/250.49 mi-3
£6,40012/240.5 mi-5
£3,50003/240.5 mi-5
£3,50003/250.5 mi-5
£2,25012/240.51 miNorthway Road, Addiscombe3
£3,60003/250.51 mi-5
£3,50003/250.51 mi-5
£1,90012/240.52 miExeter Road, Addiscombe3
£1,90012/240.53 miExeter Road, Croydon, CR03
£2,10001/250.53 mi-3
£2,00004/250.54 mi-3
£2,20012/240.55 miNorthway Road, Croydon, CR03
£2,70002/250.55 mi-4
£2,15003/250.55 mi-3
£2,00012/240.55 miTunstall Road, CROYDON3
£2,00012/240.55 miTunstall Road, Croydon CR03
£2,20012/240.56 miNorthway Road3
£1,85012/240.56 miTunstall Road, East Croydon3
£2,10012/240.58 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.71 miles away

Nearest school

0.40 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £500,000

January 25, 2025

Floor Plans

Description

  • 1,491 sq. ft. of living space +
  • Popular residential road +
  • Four bedroom house +
  • Side access +
  • Excellent transport links into The City +
  • EPC rating: D +

Oaks Estate Agents are delighted to present to the market an exceptional four-bedroom freehold house, that does require modernisation, situated on a popular residential road in the heart of Addiscombe.

This stunning end of terrace family home situated on Ashling Road is light and airy and rich in character throughout. The property benefits from 1,491 sq. ft. of living space and briefly comprises; four bedrooms (Three well-proportioned doubles and one single), reception room, large kitchen/utility, bathroom suite, and a large dining area to the rear of the house, which is currently used as a bedroom, that leads out to your south west facing garden.

Location-wise, Ashling Road is perfectly positioned for any commuter due to its close proximity to Addiscombe and Blackhorse Lane tram stop and East Croydon station which provides direct access into The City. Gatwick Airport and Brighton are easily accessible in the other direction.

The property is also close to a wide array of well-regarded and popular amenities including a bakery, butchers and several cafes on the thriving Lower Addiscombe Road at the end of the road.

To the top of the road, you are also minutes away from Ashburton Recreation Ground, perfect for an afternoon out with the family or walking the dog.

With demand naturally expected to be high, we thoroughly recommend an internal viewing to avoid disappointment and to fully appreciate this beautiful home.

Agent Details

Oaks Estate Agents, Croydon

020 3910 6448

Next Steps?

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