3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 6JJ, £480,000

Northway Road, Addiscombe, CR0 6JJ - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£340K - £585K
Sold Prices/m²£3.2K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£463,258

 

 

End Value (After Refurb)

£473,434

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£120,000

Stamp Duty & Legal Fees

£39,200

Refurb Costs

£49,155

Bridging Loan Interest

£12,600

Total Cash In

£222,705

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£473,434

Mortgage (After Refinance)

£355,075

Mortgage LTV

75%

Cash Left In

£222,705

Equity

£118,358

Rent Range

£1,625 - £3,500

Rent Estimate

£2,104

Running Costs/mo

£1,920

Cashflow/mo

£184

Cashflow/yr

£2,205

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £340K to £585K, average is £465K. £3.2K/m² to £7.1K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£400K12/200.03 mi68, Northway Road, Croydon, Greater London CR0 6JF3
£480K06/230.04 mi99, Northway Road, Croydon, Greater London CR0 6JJ3
£495K12/210.05 mi7, Lindfield Road, Croydon, Greater London CR0 6HN3
£495K07/230.07 mi22, Westbourne Road, Croydon, Greater London CR0 6HP3
£375K04/210.07 mi14, Laurier Road, Croydon, Greater London CR0 6JQ3
£425K07/230.07 mi24, Laurier Road, Croydon, Greater London CR0 6JQ3
£510K01/230.08 mi25, Westbourne Road, Croydon, Greater London CR0 6HQ3
£400K02/210.1 mi41, Dominion Road, Croydon, Greater London CR0 6JP3
£492K10/210.14 mi35, Alderton Road, Croydon, Greater London CR0 6HH3
£415K12/200.15 mi20, Davies Close, Croydon, Greater London CR0 6EX3
£417K02/230.18 mi95, Exeter Road, Croydon, Greater London CR0 6EL3
£475K05/230.21 mi85, Alderton Road, Woodside, Croydon, Greater London CR0 6HL3
£440K03/230.22 mi64, Rymer Road, Croydon, Greater London CR0 6EE3
£420K09/210.23 mi81, Rymer Road, Croydon, Greater London CR0 6EF3
£495K01/230.24 mi51, Malcolm Road, London, Greater London SE25 5HE3
£465K03/230.24 mi53, Malcolm Road, London, Greater London SE25 5HE3
£467.5K11/200.24 mi47, Malcolm Road, London, Greater London SE25 5HE3
£555K01/230.25 mi73, Exeter Road, Croydon, Greater London CR0 6EL3
£500K10/210.28 mi15, Amberley Grove, Croydon, Greater London CR0 6ND3
£375.6K01/210.28 mi30, Dalmally Road, Croydon, Greater London CR0 6LS3
£435K11/200.28 mi570, Davidson Road, Croydon, Greater London CR0 6DG3
£465K01/210.29 mi11, Dalmally Road, Croydon, Greater London CR0 6LU3
£437.5K04/210.31 mi151, Dalmally Road, Croydon, Greater London CR0 6LZ3
£460K02/230.31 mi65, Stretton Road, Croydon, Greater London CR0 6ES3
£468.5K12/200.31 mi21, Stretton Road, Croydon, Greater London CR0 6EQ3
£420K07/230.32 mi38, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£495K03/210.32 mi2, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£465K06/230.32 mi1, Stretton Road, Croydon, Greater London CR0 6EQ3
£565K01/230.32 mi18, Coniston Road, Croydon, Greater London CR0 6LN3
£405K06/210.32 mi185, Davidson Road, Croydon, Greater London CR0 6DP3
£450K03/230.35 mi37, Highbarrow Road, Croydon, Greater London CR0 6LD3
£423.5K11/210.35 mi96, Capri Road, Addiscombe, Croydon, Greater London CR0 6LF3
£490K11/210.36 mi34, Dickensons Lane, London, Greater London SE25 5HS3
£465K01/210.37 mi12, Addiscombe Avenue, Croydon, Greater London CR0 6LH3
£340K06/210.37 mi16e, Salisbury Road, London, Greater London SE25 5DU3
£475K09/210.38 mi61, Teevan Road, Croydon, Greater London CR0 6RQ3
£430K06/210.38 mi9, Windermere Road, Croydon, Greater London CR0 6PP3
£465K06/210.38 mi94, Alexandra Road, Croydon, Greater London CR0 6EW3
£435K09/210.38 mi4, Windermere Road, Croydon, Greater London CR0 6PP3
£494K06/210.38 mi99, Alexandra Road, Croydon, Greater London CR0 6EZ3
£585K01/230.4 mi42, Teevan Road, Croydon, Greater London CR0 6RN3
£490K08/210.41 mi41, Teevan Road, Croydon, Greater London CR0 6RP3
£480K02/230.42 mi74, Woodside Court Road, Croydon, Greater London CR0 6RU3
£485.8K02/230.42 mi58, Woodside Court Road, Croydon, Greater London CR0 6RU3
£500K06/230.42 mi13, Stroud Road, London, Greater London SE25 5DR3
£367K03/210.42 mi18, Willow Wood Crescent, London, Greater London SE25 5PZ3
£444.5K06/210.42 mi9, Stroud Road, London, Greater London SE25 5DR3
£382.5K06/210.44 mi2, Sutton Gardens, Croydon, Greater London CR0 6DX3
£440K12/200.44 mi123, Davidson Road, Croydon, Greater London CR0 6DN3
£450K04/210.44 mi3, Blackhorse Lane, Croydon, Greater London CR0 6RT3

Local Rents

50 rents from £1.6K/mo to £3.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,25012/240.03 miNorthway Road, Addiscombe3
£2,20012/240.04 miNorthway Road3
£2,20012/240.04 miNorthway Road, Croydon, CR03
£2,10001/250.04 mi-3
£2,20012/240.05 miNorthway Road, Croydon, CR03
£2,40004/250.06 mi-3
£2,20012/240.14 miDavidson Road, Croydon, CR03
£1,85004/250.14 mi-3
£2,20002/240.15 mi-3
£1,70012/240.16 mi-3
£2,40012/240.18 mi-3
£2,20003/250.18 mi-3
£1,95012/240.19 miMorland Road, Addiscombe, CR03
£1,85012/240.19 miBeckford Road, Addiscombe, CR03
£2,20003/250.24 mi-3
£1,90012/240.25 miExeter Road, Addiscombe3
£1,90012/240.27 miExeter Road, Croydon, CR03
£2,00004/250.27 mi-3
£2,30012/240.29 mi-3
£1,75012/240.37 mi-3
£1,80012/240.4 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.4 miSundridge Road, Addiscombe, Croydon3
£1,75012/240.41 mi-3
£2,00008/240.41 miBirchanger Road, South Norwood3
£1,98503/240.42 mi-3
£2,25012/240.43 miBlackhorse Lane, Croydon, Surrey3
£2,05012/240.43 miSundridge Road, Croydon, CR03
£2,15012/240.44 miSutton Gardens, CROYDON3
£1,95012/240.44 miDavidson Road, Croydon, CR03
£1,95012/240.44 miDavidson Road, Croydon, CR03
£2,40002/250.45 mi-3
£2,00012/240.46 miDavidson Road, Croydon, CR03
£2,00012/240.46 mi-3
£1,95001/250.47 mi-3
£3,00004/250.47 mi-3
£1,95012/240.47 miDavidson Road, Croydon, CR03
£1,95012/240.47 miDavidson Road, Croydon, CR03
£2,30012/240.48 mi-3
£2,20012/240.48 mi-3
£1,62502/240.48 mi-3
£1,62503/240.48 mi-3
£2,30012/240.49 miAlexandra Road, Croydon, CR03
£2,65012/240.49 mi-3
£3,50003/250.49 mi-3
£2,50012/240.5 miAlexandra Road, Croydon, CR03
£2,50012/240.5 miAlexandra Road, Croydon, CR03
£2,20008/240.52 miPercy Road London SE253
£2,10011/230.53 miTennison Road, London, SE253
£1,75003/250.53 mi-3
£2,20008/240.53 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £480,000

February 12, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached +
  • Excellent Family Home +
  • Garage +
  • In Need Of Some Modernisation +
  • Lovely Rear Garden +
  • Close To Excellent Transport Links +
  • First Floor Family Bathroom +
  • No Onward Chain +
  • Must Be Viewed +

Cray & Norton introduce to the market this spacious semi-detached family home located in the sought-after area of Addiscombe. This property offers ample living space with a front reception room, rear dining room that opens into a fitted kitchen, a sun room and a downstairs WC on the ground floor.

Venturing upstairs, you will find a first-floor family bathroom, two spacious double bedrooms with fitted cupboards and a good sized single bedroom, providing comfortable accommodation for a growing family. The property boasts a lovely rear garden, perfect for outdoor entertaining and also benefits from a shared driveway and garage.

Situated close to excellent transport links, various well-regarded junior and secondary schools, and a range of shops and amenities, this property presents a fantastic opportunity for those looking to establish roots in a vibrant community.

Although in need of some modernisation, this property offers a great foundation for renovation and customization to create your ideal family home. Don't miss out on the chance to view this chain-free property - contact Cray & Norton to arrange a viewing today.

Predicted Broadband Speeds:

Basic: 15 Mbps
Superfast: 44 Mbps
Ultrafast: 1000 Mbps

Mobile Coverage

EE: Amber
Vodafone: Amber
Three: Amber
O2: Amber

Satellite / Fibre TV Availability to include BT, Sky & Virgin.

Cray & Norton Estate Agents, their clients and any joint agents give Notice that they have no authority to make or give any representations on warranties in relation to the property. Any statements on which a purchaser wishes to rely must be checked through their solicitor or conveyancers. These Particulars do not form part of any offer or contract and must not be relied upon as statements or representation of fact. Any areas, measurements, dimensions are approximate and must be independently verified. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has necessary Planning, Building Regulation or other Consents. We have not tested any appliances, services, facilities or equipment and Purchasers must satisfy themselves as to their adequacy and condition. We have not investigated Title, or the existence of any Covenants or other legal matters which may affect the property.

Croydon Estate Agent
Croydon Letting Agent

Croydons Estate Agent
Croydons Letting Agent

Agent Details

Cray & Norton Estate Agents, Croydon

020 3889 9177

Next Steps?

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