2 Bed Semi-Detached House, Refurb/BRRR, Coulsdon, CR5 2JD, £350,000

134 Brighton Road, Coulsdon, Surrey, CR5 2ND - 2 views - 2 months ago

Refurb/BRRR
Planning
ROI: 3%
88 m²
+3 photos

ValuationUndervalued

Sold Prices£310K - £630K
Sold Prices/m²£4.1K/m² - £8K/m²

 

 

Square Metres

88 m²
Price/m²£4K/m²

Value Estimate

£404,000
BMV1%

 

 

End Value (After Refurb)

£428,800

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£46,568

Bridging Loan Interest

£9,188

Total Cash In

£165,705

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£428,800

Mortgage (After Refinance)

£321,600

Mortgage LTV

75%

Cash Released

£59,100

Cash Left In

£106,605

Equity

£107,200

Rent Range

£1,350 - £3,900

Rent Estimate

£2,339

Running Costs/mo

£1,828

Cashflow/mo

£511

Cashflow/yr

£6,134

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £310K to £630K, average is £385K. £4.1K/m² to £8K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£365K05/210.03 mi35, Stoats Nest Road, Coulsdon, Greater London CR5 2JJ2
£425K03/210.03 mi59, Stoats Nest Road, Coulsdon, Greater London CR5 2JJ2
£360K06/210.18 mi17, Stoats Nest Road, Coulsdon, Greater London CR5 2JG2
£630K06/230.3 mi60, Byron Avenue, Coulsdon, Greater London CR5 2JR2
£360K02/210.39 mi28, Edward Road, Coulsdon, Greater London CR5 2NP2
£370K02/210.39 mi55, Edward Road, Coulsdon, Greater London CR5 2NQ2
£515K11/200.41 mi36, The Vale, Coulsdon, Greater London CR5 2AW2
£385K04/210.44 mi21, Malcolm Road, Coulsdon, Greater London CR5 2DB2
£385K12/200.45 mi19, Alder Croft, Coulsdon, Greater London CR5 2SN2
£337K05/210.45 mi8, Alder Croft, Coulsdon, Greater London CR5 2SN2
£375K05/210.48 mi6, Holmes Close, Purley, Greater London CR8 4AT2
£520K11/200.5 mi27, Bencombe Road, Purley, Greater London CR8 4DR2
£327.2K04/210.54 mi25, Aveling Close, Purley, Greater London CR8 4DX2
£336K01/210.55 mi3, Aveling Close, Purley, Greater London CR8 4DX2
£325K11/200.55 mi27, Aveling Close, Purley, Greater London CR8 4DX2
£375K02/210.57 mi12, Nineacres Way, Coulsdon, Greater London CR5 2SG2
£310K03/230.58 mi11, Birchfield Close, Coulsdon, Greater London CR5 2SJ2
£395K02/230.58 mi91, Aveling Close, Purley, Greater London CR8 4DX2
£475K12/220.58 mi71, Haydn Avenue, Purley, Greater London CR8 4AJ2
£375K02/230.6 mi8, Aveling Close, Purley, Greater London CR8 4DW2
£430K06/210.61 mi183, Aveling Close, Purley, Greater London CR8 4DY2
£363K06/210.63 mi93, Chipstead Valley Road, Coulsdon, Greater London CR5 3BP2
£417.5K12/220.67 mi23, Woodman Road, Coulsdon, Greater London CR5 3HQ2
£390K11/200.67 mi45, Woodman Road, Coulsdon, Greater London CR5 3HQ2
£363K11/220.68 mi93, Chipstead Valley Road, Coulsdon, Greater London CR5 3BP2
£375K03/210.69 mi43, Wontford Road, Purley, Greater London CR8 4BE2
£565K10/210.73 mi50, Downs Road, Coulsdon, Greater London CR5 1AA2
£377.5K12/200.74 mi178, Chipstead Valley Road, Coulsdon, Greater London CR5 3BB2
£355K12/200.74 mi192, Chipstead Valley Road, Coulsdon, Greater London CR5 3BB2
£515K02/210.77 mi64, Coulsdon Rise, Coulsdon, Greater London CR5 2SB2
£382K03/210.8 mi88, Lansdowne Road, Purley, Greater London CR8 2PB2
£391K06/210.8 mi50, Lansdowne Road, Purley, Greater London CR8 2PB2
£435K02/230.8 mi117, Lansdowne Road, Purley, Greater London CR8 2PE2
£441K09/210.8 mi31a, Reddown Road, Coulsdon, Greater London CR5 1AN2
£357K03/210.81 mi101, Lansdowne Road, Purley, Greater London CR8 2PE2
£465K11/220.83 mi83, Lansdowne Road, Purley, Greater London CR8 2PE2
£400K10/210.86 mi14, Lansdowne Road, Purley, Greater London CR8 2PA2
£510K11/220.89 mi39, Wattendon Road, Kenley, Greater London CR8 5LW2
£505K05/210.89 mi7, Wattendon Road, Kenley, Greater London CR8 5LW2
£377K11/200.9 mi37, Lansdowne Road, Purley, Greater London CR8 2PD2
£485K01/230.9 miByron Cottage, 61, Coulsdon Road, Coulsdon, Greater London CR5 2LD2
£370K08/210.92 mi6, Roke Lodge Road, Kenley, Greater London CR8 5NA2
£420K02/230.92 mi21, Roke Lodge Road, Kenley, Greater London CR8 5NA2
£590K01/230.93 mi13, Steyning Close, Kenley, Greater London CR8 5LP2
£370K07/210.94 mi83, Little Roke Avenue, Kenley, Greater London CR8 5NP2
£435K11/220.95 mi74, Little Roke Avenue, Kenley, Greater London CR8 5NJ2
£385K05/210.95 mi52, Little Roke Avenue, Kenley, Greater London CR8 5NJ2
£357K05/230.95 mi61, Purley Vale, Purley, Greater London CR8 2DW2
£355K01/210.97 mi15, Little Roke Avenue, Kenley, Greater London CR8 5NN2
£417.5K06/210.98 mi38, Purley Rise, Purley, Greater London CR8 3BP2

Local Rents

25 rents from £1.4K/mo to £3.9K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.05 miStoats Nest Road, Coulsdon, CR52
£1,65012/240.24 mi-2
£1,70003/250.28 mi-2
£2,45012/240.4 miWoodcote Grove Road, Coulsdon, CR52
£2,45012/240.41 miWoodcote Grove Road, Coulsdon, CR52
£1,69011/240.45 mi-2
£1,40001/240.47 mi-2
£2,45012/240.47 miBrighton Road, Coulsdon2
£2,20004/250.52 mi-2
£2,70012/240.55 mi-2
£2,70012/240.55 mi-2
£2,70012/240.55 mi-2
£2,70012/240.55 mi-2
£2,70012/240.55 mi-2
£2,65012/240.55 mi-2
£3,75002/240.55 mi-2
£1,70012/240.55 mi-2
£1,35012/240.57 miTown Hall2
£2,65012/240.57 mi-2
£2,70012/240.58 mi-2
£3,90012/240.58 mi-2
£3,50012/240.58 mi-2
£1,60012/240.59 miBirchfield Close, Coulsdon2
£1,90012/240.6 mi 2 Bed Split Level Flat To Let in Purley2
£1,60012/240.61 miAveling Close, Purley2

Local Area Statistics

Population in CR5

28,761

Population in Coulsdon

28,764

Town centre distance

1.58 miles away

Nearest school

0.50 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-30%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £350,000

March 28, 2025

Price changed to £375,000

March 16, 2025

Listed for £400,000

February 17, 2025

Floor Plans

Description

  • Semi-Detached +
  • Two Bedrooms +
  • Modern Bathroom +
  • Own Garden +
  • Good Proximity to Coulsdon Town Centre +
  • In Need of Modernisation +
  • Chain-Free +
  • Call Now to Arrange Viewing +
  • Kitchen +
  • Lounge +

Located within good proximity to Coulsdon Town Center this chain-free two-bedroom semi-detached property is in need of modernisation and perfect for anyone who wants a home they can put their own stamp on.

The interior features a lounge, good-size kitchen, two bedrooms and bathroom. Additional features include own rear garden with south-west facing aspect and potential to extend subject to planning permission.

Coulsdon South and Coulsdon Town Railway Stations offer swift and easy access to a variety of destinations including London Victoria, London Bridge, Kings Cross, St. Pancras International, Gatwick Airport and Brighton, while the M23/M25 interchange at Hooley provides easy access to the South Coast, Gatwick Airport and the national motorway network. In addition the surrounding area is well-served by a variety of bus routes.

Local shops include Waitrose and additional supermarkets along with further shopping opportunities and gyms across Croydon, while Coulsdon High Street has a number of popular restaurants. Local green spaces include the stunning Farthing Downs and Coulsdon Memorial Park in addition to beautiful Surrey Countryside.

There are also a number of golf courses in the local vicinity including Coulsdon Court, Woodcote Park, Chipstead, Surrey Downs, and Kingswood while there are also a number of local sports clubs and leisure facilities. Coulsdon also includes a range of highly-rated schools including Chipstead Valley Primary School, Smitham, Oasis Academy, Woodcote Primary School, Woodcote High School and Coulsdon Sixth Form College.

Please note that we have been verbally informed by the vendor that the vehicular access and a portion of the garden with an outbuilding is subject to a lease which has 4 years remaining on it, with ground rent of £500 per annum and public liability insurance which is £150 per annum. We have also been informed that the lease can be renewed. In addition, the lease does also mention the following "the tenant shall bear a fair and reasonable proportion of the cost of repairing the access road determined exclusively by the landlord."

Council Tax: Band C.

Kitchen
The kitchen is dual-aspect and includes wall & base level units with work surface area, window, four-ring electric hob, oven, extractor hood, sink with drainer, two-casement window and cupboard.

Lounge
The lounge is dual-aspect and includes electric heater, two single-casement windows and feature bay window.

Landing
The landing includes window and electric heater.

Bathroom
The bathroom includes tiled walls, chrome towel rail, panel-enclosed bath with wall-fixed controls & shower hose attachment, vanity unit incorporating wash-hand basin & mixer tap and single-casement opaque window.

Bedroom One
Bedroom one includes two-casement window, electric heater and loft hatch.

Bedroom Two
Bedroom two is dual-aspect and includes two single-casement windows, electric heater and cupboard.

Garden
The garden is partially laid to lawn and includes a decked area.

Agent Details

Bond & Sherwill, Coulsdon

020 3835 4723

Next Steps?

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