3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 3DR, £400,000

Ockley Road, Croydon, CR0 3DR - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~80 m²
+4 photos

ValuationOvervalued

Sold Prices£337K - £570K
Sold Prices/m²£3.6K/m² - £9.1K/m²

 

 

Square Metres

~80.28 m²
Price/m²£5K/m²

Value Estimate

£340,000

 

 

End Value (After Refurb)

£403,878

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£42,432

Bridging Loan Interest

£10,500

Total Cash In

£185,882

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£403,878

Mortgage (After Refinance)

£302,908

Mortgage LTV

75%

Cash Released

£2,908

Cash Left In

£182,974

Equity

£100,969

Rent Range

£1,700 - £3,000

Rent Estimate

£2,124

Running Costs/mo

£1,707

Cashflow/mo

£417

Cashflow/yr

£5,005

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £337K to £570K, average is £416.3K. £3.6K/m² to £9.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£380K11/210.09 mi64, Ockley Road, Croydon, Greater London CR0 3DQ3
£410K12/210.1 mi28, Westcombe Avenue, Croydon, Greater London CR0 3DA3
£405K12/200.2 mi8, Effingham Road, Croydon, Greater London CR0 3NE3
£382K05/230.2 mi246, Thornton Road, Croydon, Greater London CR0 3EU3
£420K07/230.21 mi286, Mitcham Road, Croydon, Greater London CR0 3JN3
£415K07/230.22 mi148, Kelvin Gardens, Croydon, Greater London CR0 4US3
£380K01/210.3 mi11, Aurelia Road, Croydon, Greater London CR0 3BE3
£375K02/210.33 mi68, Chapman Road, Croydon, Greater London CR0 3NW3
£417.5K06/210.33 mi114, Harcourt Road, Thornton Heath, Greater London CR7 6BW3
£432.5K06/210.33 mi92, Harcourt Road, Thornton Heath, Greater London CR7 6BW3
£400K02/230.36 mi4, Harcourt Road, Thornton Heath, Greater London CR7 6BU3
£400K07/230.37 mi116, Sutherland Road, Croydon, Greater London CR0 3QJ3
£418K06/230.38 mi96, Rochford Way, Croydon, Greater London CR0 3AH3
£432.5K06/230.39 mi22, Ramsey Road, Thornton Heath, Greater London CR7 6BX3
£340K03/230.41 mi20, Stanley Grove, Croydon, Greater London CR0 3QU3
£363K09/210.42 mi40, Miller Road, Croydon, Greater London CR0 3JY3
£507.6K01/230.42 mi75, Euston Road, Croydon, Greater London CR0 3NS3
£390K07/230.42 mi39, Euston Road, Croydon, Greater London CR0 3NS3
£420K01/230.43 mi39, Chapman Road, Croydon, Greater London CR0 3NX3
£360K04/210.44 mi90, Pemdevon Road, Croydon, Greater London CR0 3QP3
£345K06/210.49 mi26, Addington Road, Croydon, Greater London CR0 3LU3
£500K01/230.5 mi62, Broughton Road, Thornton Heath, Greater London CR7 6AL3
£530K12/220.5 mi66, Broughton Road, Thornton Heath, Greater London CR7 6AL3
£384K02/210.52 mi51, Pemdevon Road, Croydon, Greater London CR0 3QQ3
£376K11/200.53 mi688, Mitcham Road, Croydon, Greater London CR0 3AB3
£438K02/210.54 mi42, Whitehall Road, Thornton Heath, Greater London CR7 6AE3
£337K11/210.54 mi45, Dennett Road, Croydon, Greater London CR0 3JD3
£387K09/210.55 mi166, Sumner Road South, Croydon, Greater London CR0 3LY3
£430K01/230.56 mi76, Sumner Road, Croydon, Greater London CR0 3LJ3
£395K02/230.57 mi14, Wingate Crescent, Croydon, Greater London CR0 3AL3
£400K06/210.57 mi72, Wingate Crescent, Croydon, Greater London CR0 3AL3
£350K01/210.57 mi28, Wingate Crescent, Croydon, Greater London CR0 3AL3
£470K06/230.59 mi57, Gonville Road, Thornton Heath, Greater London CR7 6DF3
£570K12/220.62 mi21, Grafton Road, Croydon, Greater London CR0 3RP3
£485K03/230.63 mi4, Broad Green Avenue, Croydon, Greater London CR0 2ST3
£430K06/230.63 mi61, Beddington Lane, Croydon, Greater London CR0 4TH3
£440K06/230.63 mi151, Handcroft Road, Croydon, Greater London CR0 3LF3
£360K06/210.65 mi114, Handcroft Road, Croydon, Greater London CR0 3LE3
£425K06/210.67 mi11, Fairlands Avenue, Thornton Heath, Greater London CR7 6HD3
£440K03/210.69 mi46, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA3
£440K08/210.69 mi78, Silverleigh Road, Thornton Heath, Greater London CR7 6DW3
£447K10/210.7 mi11, Francis Road, Croydon, Greater London CR0 2RT3
£425K03/210.71 mi326, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£455K04/210.71 mi348, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£390K02/210.71 mi320, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£430K12/220.71 mi298, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£340K03/210.75 mi78, Mayfield Road, Thornton Heath, Greater London CR7 6DJ3
£425K03/210.75 mi65, Mayfield Road, Thornton Heath, Greater London CR7 6DN3
£476K04/230.76 mi52, Grove Road, Thornton Heath, Greater London CR7 6HL3
£380K02/210.76 mi207, Silverleigh Road, Thornton Heath, Greater London CR7 6DT3

Local Rents

40 rents from £1.7K/mo to £3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,60012/240.08 mi-3
£1,95003/240.09 mi-3
£2,00012/240.1 miWestcombe Avenue, Croydon, CR03
£2,00012/240.1 miCecil Road, Croydon, CR03
£2,30012/240.15 mi-3
£2,30012/240.16 mi-3
£2,20012/240.17 mi-3
£2,22012/240.2 mi-3
£2,10001/250.23 mi-3
£2,15012/240.23 miMitcham Road, Croydon, CR03
£2,15002/240.23 mi-3
£2,20001/250.24 mi-3
£2,10010/230.25 miGrafton quarter, Croydon3
£2,00010/230.25 miGrafton quarter, Croydon3
£2,00010/230.25 miGrafton quarter, Croydon3
£1,80010/230.25 miGrafton quarter, Croydon3
£2,00010/230.25 miGrafton Quarter, Croydon3
£1,90012/240.32 mi-3
£2,30012/240.33 miChapman Road, Croydon3
£2,40012/240.35 miMitcham Road, Croydon, CR03
£2,40002/240.36 mi-3
£3,00003/250.37 mi-3
£2,40001/250.39 mi-3
£2,20003/250.39 mi-3
£1,90002/240.42 mi-3
£2,00003/250.42 mi-3
£2,00003/240.42 miKeston Road, CR73
£2,10003/240.42 miKeston Road, CR73
£2,10003/240.42 miKeston Road, THORNTON HEATH3
£2,10003/240.42 miKeston Road, THORNTON HEATH3
£2,10004/240.42 miKeston Road, THORNTON HEATH3
£2,10004/240.42 miKeston Road, THORNTON HEATH3
£2,10004/240.42 miKeston Road, THORNTON HEATH3
£1,70002/250.51 mi-3
£1,90012/240.52 miChapman Road, CR0 3NU3
£2,00003/240.52 mi-3
£2,20012/240.53 mi-3
£2,00012/240.54 mi-3
£2,10003/240.56 mi-3
£1,90002/250.56 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £400,000

February 5, 2025

Floor Plans

Description

  • Mid-terrace +
  • Three bedroom +
  • Through-lounge +
  • No onward chain +
  • Close to local transport links and good schools +

SUMMARY
Charming Three-Bedroom Family Home in Sought-After Croydon Location - No Onward Chain

DESCRIPTION
This delightful three-bedroom property presents an excellent opportunity for families or investors, offering spacious living areas and endless potential to create your dream home.

Upon entering, you're welcomed by a convenient porch leading into a bright hallway. To the right, a generously sized lounge flows seamlessly into the dining area, making it perfect for family gatherings or relaxing evenings. The hallway also provides access to the galley kitchen, which opens up to a low-maintenance rear garden-ideal for outdoor enjoyment.

Upstairs, the first floor features two spacious double bedrooms, a third single bedroom, and a family-sized bathroom. While the property requires modernisation, it offers a fantastic blank canvas for personalization. Its prime location in Croydon, coupled with no onward chain, ensures convenience and easy access to good schools, local amenities and offering easy access to Purley Way and the A23, this property will suit commuters and growing families with its proximity to good schools and transport links.

This home is ideal for buyers looking to create a space tailored to their needs or for those seeking an excellent investment opportunity. Don't miss out-viewings are highly recommended!

Agents Note  
'The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.'

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Thornton Heath

020 3835 3547

Next Steps?

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