2 Bed Flat, Single Let, Croydon, CR0 2NS, £230,000

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

Leasehold
BTL
ROI: 8%
~68 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£276,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£1,400 - £2,350

Rent Estimate

£1,444

Running Costs/mo

£1,028

Cashflow/mo

£416

Cashflow/yr

£4,997

ROI

8%

Gross Yield

8%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£286K05/230.09 mi46, Greenside Road, Croydon, Greater London CR0 3PL2
£255K03/230.18 mi69a, Greenside Road, Croydon, Greater London CR0 3PQ2
£290K07/230.31 mi125, Queens Road, Croydon, Greater London CR0 2PT2
£260K09/210.31 mi125a, Queens Road, Croydon, Greater London CR0 2PT2
£245K03/230.37 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£280K01/210.39 mi98, Eastney Road, Croydon, Greater London CR0 3TE2
£305K04/230.41 mi79, Onslow Road, Croydon, Greater London CR0 3NY2
£295K11/210.42 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£195K12/220.42 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£215K04/210.54 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£280K06/210.62 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£220K03/230.67 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£265K08/210.68 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£294K03/230.7 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£270K02/230.74 mi46, Kelvin Gardens, Croydon, Greater London CR0 4UR2
£270K01/230.83 mi181, Franklin Way, Croydon, Greater London CR0 4UX2
£256K06/210.83 mi139, Franklin Way, Croydon, Greater London CR0 4UX2
£340K09/220.86 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£320K12/220.88 miFlat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN2
£295K12/220.89 mi63b, Saxon Road, London, Greater London SE25 5EH2
£295K08/210.89 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£290K10/210.92 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£250K05/230.93 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£296.5K03/210.94 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£298K01/230.95 miFlat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT2
£346K01/210.96 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£240K07/231 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2

Local Rents

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

RentDateDistanceAddressBeds 
£2,35002/250.04 mi-2
£1,67512/240.06 miLondon Road, Croydon, CR02
£1,50002/240.09 mi-2
£1,55012/240.09 miLondon Road, Croydon, CR02
£1,62503/250.11 mi-2
£1,60012/240.11 miBensham Lane, Croydon, CR02
£1,70002/240.14 mi-2
£1,40012/240.15 miFrancis Road, Croydon2
£1,50012/240.15 miFrancis Road, Croydon, CR02
£1,77503/240.16 mi-2
£1,60003/240.18 miFiveacre Close, Thornton Heath2
£1,70003/250.2 mi-2
£1,70003/250.2 mi-2
£1,47503/240.23 mi-2
£1,75012/240.23 miPemdevon Road, Croydon, CR02
£1,60001/250.23 mi-2
£1,45012/240.24 mi-2
£1,45002/250.24 mi-2
£1,80012/240.24 mi-2
£1,50012/240.26 miLondon Road Croydon CR02
£1,75012/240.26 miPemdevon, CR02
£1,70012/240.27 miDennett Road, Croydon, CR02
£1,50012/240.27 miTwo bedroom flat to rent in Croydon2
£1,85003/250.28 mi-2
£1,70012/240.29 miSumner Road, CR02
£1,70012/240.29 miSumner Road, CR02
£1,80012/240.3 miHandcroft Road, CR02
£1,80003/250.3 mi-2
£1,85002/250.31 mi-2
£1,65002/250.31 mi-2
£1,50012/240.32 mi-2
£1,70003/250.34 mi-2
£1,70003/250.34 mi-2
£1,45002/250.34 mi-2
£1,60012/240.36 miLondon Road, Croydon2
£1,65012/240.37 mi-2
£1,65012/240.37 mi-2
£1,70003/240.37 mi-2
£1,90003/240.37 mi-2
£1,65001/250.37 mi-2
£1,90012/240.37 miKidderminster Road, Croydon2
£1,90012/240.37 miKidderminster Road, Croydon, CR02
£1,55002/250.37 mi-2
£1,90012/240.37 miKidderminster Road, Croydon2
£1,70012/240.37 miKidderminster Road, CROYDON2
£1,70012/240.37 miKidderminster Road, CR02
£1,70012/240.37 miKidderminster Road, Croydon2
£1,40001/250.38 mi-2
£1,70012/240.4 miKidderminster Road, Croydon, CR02
£1,90012/240.4 miGrafton Quarter, Croydon, London, CR02
£1,75012/240.44 miMarden Crescent, Croydon, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £230,000

February 14, 2025

Floor Plans

Description

  • Two Bedroom +
  • Third Floor +
  • Good Decorative Throughout +
  • Secure Underground Parking Space +
  • Sought After Location +

SUMMARY
Barnard Marcus are proud to present this third floor two bedroom apartment located on the highly sought after London Road.

DESCRIPTION
The property briefly comprises of large entrance hall, kitchen / reception room, two double bedrooms and bathroom. This property further benefits from an allocated secure parking space in the buildings underground car park.
Close to excellent transport links such as West Croydon, shops, bars and cafes call now to avoid disappointment.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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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