2 Bed Flat, Single Let, Croydon, CR0 2NU, £250,000

London Road, Croydon, CR0 2NU - 1 views - 2 months ago

BTL

ROI: 5%

~65 m²

+3 photos

ValuationUndervalued

Sold Prices	£195K - £346K
Sold Prices/m²	£2.8K/m² - £6K/m²

Square Metres	~65.26 m²
Price/m²	£3.8K/m²
Value Estimate	£305,671£305,671
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£16,200£16,200
Total Cash In	£78,700£78,700

Cash Out
Rent Range	£1,400 - £2,350£1,400 - £2,350
Rent Estimate	£1,413
Running Costs/mo	£1,084£1,084
Cashflow/mo	£329£329
Cashflow/yr	£3,950£3,950
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

27 sold prices from £195K to £346K, average is £280K. £2.8K/m² to £6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£286K	05/23	0.1 mi	46, Greenside Road, Croydon, Greater London CR0 3PL	£4,540	63	2	Flat
£255K	03/23	0.19 mi	69a, Greenside Road, Croydon, Greater London CR0 3PQ	-	-	2	Flat
£290K	07/23	0.31 mi	125, Queens Road, Croydon, Greater London CR0 2PT	£4,031	72	2	Flat
£260K	09/21	0.31 mi	125a, Queens Road, Croydon, Greater London CR0 2PT	£4,333	60	2	Flat
£245K	03/23	0.38 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat
£280K	01/21	0.4 mi	98, Eastney Road, Croydon, Greater London CR0 3TE	£3,415	82	2	Flat
£295K	11/21	0.41 mi	16, Prestwood Gardens, Croydon, Greater London CR0 2TW	£4,403	67	2	Flat
£305K	04/23	0.41 mi	79, Onslow Road, Croydon, Greater London CR0 3NY	£6,028	51	2	Flat
£195K	12/22	0.42 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£215K	04/21	0.54 mi	1, Rodney Close, Croydon, Greater London CR0 3RX	£2,756	78	2	Flat
£280K	06/21	0.62 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£220K	03/23	0.67 mi	183a, Whitehorse Road, Croydon, Greater London CR0 2LJ	£3,333	66	2	Flat
£265K	08/21	0.67 mi	17a, Henderson Road, Croydon, Greater London CR0 2QG	£3,897	68	2	Flat
£294K	03/23	0.7 mi	31a, Clarence Road, Croydon, Greater London CR0 2EN	£4,900	60	2	Flat
£270K	02/23	0.74 mi	46, Kelvin Gardens, Croydon, Greater London CR0 4UR	-	-	2	Flat
£270K	01/23	0.83 mi	181, Franklin Way, Croydon, Greater London CR0 4UX	£5,240	52	2	Flat
£256K	06/21	0.84 mi	139, Franklin Way, Croydon, Greater London CR0 4UX	£5,689	45	2	Flat
£340K	09/22	0.85 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£320K	12/22	0.88 mi	Flat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN	-	-	2	Flat
£295K	12/22	0.89 mi	63b, Saxon Road, London, Greater London SE25 5EH	-	-	2	Flat
£295K	08/21	0.89 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£290K	10/21	0.91 mi	9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ	-	-	2	Flat
£250K	05/23	0.93 mi	114b, Waddon New Road, Croydon, Greater London CR0 4JE	£4,828	52	2	Flat
£296.5K	03/21	0.93 mi	Ground Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS	£5,594	53	2	Flat
£298K	01/23	0.95 mi	Flat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT	-	-	2	Flat
£346K	01/21	0.95 mi	51a, Dagnall Park, London, Greater London SE25 5EG	£4,873	71	2	Flat
£240K	07/23	0.99 mi	5, Gillett Road, Thornton Heath, Greater London CR7 8RL	-	-	2	Flat

Local Rents

51 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	02/25	0.05 mi	-	2	Flat
£1,675	12/24	0.06 mi	London Road, Croydon, CR0	2	Flat
£1,500	02/24	0.08 mi	-	2	Flat
£1,550	12/24	0.09 mi	London Road, Croydon, CR0	2	Flat
£1,625	03/25	0.1 mi	-	2	Flat
£1,600	12/24	0.11 mi	Bensham Lane, Croydon, CR0	2	Flat
£1,700	02/24	0.14 mi	-	2	Semi-Detached House
£1,400	12/24	0.14 mi	Francis Road, Croydon	2	Flat
£1,500	12/24	0.14 mi	Francis Road, Croydon, CR0	2	Flat
£1,775	03/24	0.17 mi	-	2	Flat
£1,600	03/24	0.18 mi	Fiveacre Close, Thornton Heath	2	Flat
£1,700	03/25	0.2 mi	-	2	Terraced House
£1,700	03/25	0.2 mi	-	2	Terraced House
£1,475	03/24	0.23 mi	-	2	Flat
£1,600	01/25	0.23 mi	-	2	Terraced House
£1,750	12/24	0.24 mi	Pemdevon Road, Croydon, CR0	2	Terraced House
£1,450	12/24	0.24 mi	-	2	Flat
£1,450	02/25	0.24 mi	-	2	Flat
£1,800	12/24	0.25 mi	-	2	Terraced House
£1,500	12/24	0.26 mi	London Road Croydon CR0	2	Flat
£1,750	12/24	0.26 mi	Pemdevon, CR0	2	Terraced House
£1,500	12/24	0.27 mi	Two bedroom flat to rent in Croydon	2	Flat
£1,700	12/24	0.28 mi	Dennett Road, Croydon, CR0	2	Terraced House
£1,850	03/25	0.29 mi	-	2	Flat
£1,700	12/24	0.3 mi	Sumner Road, CR0	2	Terraced House
£1,700	12/24	0.3 mi	Sumner Road, CR0	2	Terraced House
£1,800	03/25	0.31 mi	-	2	Semi-Detached House
£1,800	12/24	0.31 mi	Handcroft Road, CR0	2	Terraced House
£1,650	02/25	0.31 mi	-	2	Flat
£1,850	02/25	0.31 mi	-	2	Terraced House
£1,500	12/24	0.32 mi	-	2	Flat
£1,700	03/25	0.34 mi	-	2	Flat
£1,700	04/25	0.34 mi	-	2	Flat
£1,450	02/25	0.35 mi	-	2	Flat
£1,600	12/24	0.37 mi	London Road, Croydon	2	Flat
£1,700	03/24	0.37 mi	-	2	Flat
£1,900	03/24	0.37 mi	-	2	Flat
£1,650	01/25	0.37 mi	-	2	Flat
£1,650	12/24	0.37 mi	-	2	Flat
£1,650	12/24	0.37 mi	-	2	Flat
£1,550	02/25	0.37 mi	-	2	Flat
£1,900	12/24	0.37 mi	Kidderminster Road, Croydon	2	Flat
£1,900	12/24	0.37 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,900	12/24	0.37 mi	Kidderminster Road, Croydon	2	Flat
£1,700	12/24	0.37 mi	Kidderminster Road, CROYDON	2	Flat
£1,700	12/24	0.37 mi	Kidderminster Road, CR0	2	Flat
£1,700	12/24	0.38 mi	Kidderminster Road, Croydon	2	Flat
£1,400	01/25	0.38 mi	-	2	Flat
£1,700	12/24	0.4 mi	Kidderminster Road, Croydon, CR0	2	Flat
£1,900	12/24	0.41 mi	Grafton Quarter, Croydon, London, CR0	2	Flat
£1,700	03/24	0.43 mi	-	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	2.04 miles away2.04 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.64 miles away0.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Price changed to £250,000

March 12, 2025

Listed for £265,000

February 13, 2025

Floor Plans

Description

Stunning views +
Two double bedrooms +
Immaculate condition +
702 sq.ft. of internal living space +
Excellent transport links to The City +
EPC rating: B +

Oaks Estate Agents is delighted to present this spacious two-bedroom apartment, offering stunning views across London.

The property comprises a modern kitchen, a three-piece family bathroom, a large reception room ideal for entertaining, a generously sized double bedroom, and a luxurious master bedroom featuring its own three-piece en suite and a walk-in wardrobe.

City House is perfectly located for commuters, with easy access to both East and West Croydon stations. Fast trains from East Croydon provide direct services to Victoria via Clapham Junction, while West Croydon offers connections to London Bridge.

With numerous local bus routes and a frequent tram service nearby, the property is also within close proximity to Croydon town centre. The area boasts a vibrant high street, featuring well-regarded local amenities such as a traditional butcher, greengrocer, florist, and all the essential supermarkets.

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 💪

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