3 Bed Flat, Single Let, Croydon, CR0 8LP, £220,000

Border Gardens, Croydon, CR0 8LP - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 11%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£225K - £815K
Sold Prices/m²£2.4K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£293,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,250

Total Cash In

£63,250

 

 

Cash Out

 

Rent Range

£1,441 - £3,200

Rent Estimate

£1,710

Running Costs/mo

£1,050

Cashflow/mo

£661

Cashflow/yr

£7,926

ROI

13%

Gross Yield

9%

Local Sold Prices

24 sold prices from £225K to £815K, average is £381K. £2.4K/m² to £6.1K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£437.5K10/220.7 miFlat 23, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ3
£340K10/200.7 miFlat 7, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ3
£294K11/200.73 miFlat 6, Curtis House, Dixon Place, West Wickham, Greater London BR4 9PL3
£315K09/211.08 mi211, Selsdon Park Road, South Croydon, Greater London CR2 8JH3
£291K05/231.08 mi193, Selsdon Park Road, South Croydon, Greater London CR2 8JH3
£420K09/211.14 miFlat 4, Red Lodge Court, Pickhurst Rise, West Wickham, Greater London BR4 0AJ3
£235K03/211.19 mi9, Walton Green, New Addington, Croydon, Greater London CR0 0TY3
£300K06/211.24 mi96, Croydon Road, West Wickham, Greater London BR4 9HY3
£300K02/211.59 mi30, Kemsing Close, Bromley, Greater London BR2 7ET3
£310K03/211.6 mi10, Kemsing Close, Bromley, Greater London BR2 7ET3
£338K02/231.66 mi21, Larkfield Close, Bromley, Greater London BR2 7ES3
£815K08/231.95 miFlat 3, Baston Manor, Baston Manor Road, Bromley, Greater London BR2 7AH3
£525K10/202.24 mi4, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£225K02/212.4 mi30a, Letchworth Drive, Bromley, Greater London BR2 9BE3
£350K06/212.41 mi153a, Croydon Road, Beckenham, Greater London BR3 3QH3
£800K09/212.44 miFlat 6, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£766.3K02/212.44 miFlat 3, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£422.5K06/232.53 mi73, Ridge Langley, South Croydon, Greater London CR2 0AP3
£362K07/232.79 mi63a, Stretton Road, Croydon, Greater London CR0 6ES3
£415K10/202.85 mi54, Birchanger Road, London, Greater London SE25 5BB3
£550K02/232.89 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£580K12/212.93 mi71, Tennison Road, London, Greater London SE25 5RY3
£400K05/212.94 mi10, Rectory Green, Beckenham, Greater London BR3 4HX3
£440K11/202.98 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3

Local Rents

29 rents from £1.4K/mo to £3.2K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,80011/230.25 mi-3
£1,85003/240.27 mi-3
£2,15012/240.37 miLinks View Road, Croydon CR03
£1,85001/240.52 mi-3
£2,05011/240.63 mi-3
£1,95012/240.64 mi-3
£2,70010/240.65 mi-3
£2,70011/240.65 mi-3
£2,69010/240.67 mi-3
£1,95012/240.78 mi-3
£2,00011/230.81 mi-3
£2,05003/240.82 miGlebe Way West Wickham BR43
£2,50011/240.82 mi-3
£2,40011/240.82 mi-3
£2,17503/250.82 mi-3
£2,20004/240.84 miSilver Lane, West Wickham3
£2,05012/240.86 mi-3
£2,10010/230.93 mi-3
£1,90012/241 miCheston Avenue, CR03
£2,50003/241.14 miPickhurst Rise West Wickham BR43
£2,50010/241.17 mi-3
£2,49010/241.17 mi-3
£3,00010/241.17 mi-3
£2,35012/241.18 miRidgemount Avenue Shirley CR03
£2,00012/241.18 mi-3
£3,20010/241.18 mi-3
£2,20012/241.21 miGravel Hill Croydon CR03
£1,44112/241.22 miHeadley Drive, CR03
£2,40002/251.23 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.96 miles away

Nearest school

0.40 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £220,000

March 12, 2025

Listed for £235,000

February 17, 2025

Floor Plans

Description

Offered to the market with no onward chain is this spacious ex-local authority flat which is situated on the top floor of a purpose built block. The property compromises of three double bedrooms, fitted kitchen, bathroom with separate wc and a bright and airy lounge/diner. Further features include double glazing and gas fired central heating. The property has well maintained communal gardens surrounding it. Internal viewing strongly advised.

Situated on the Shirley/West Wickham borders, where there are local shops on the development with a bus service providing access to Croydon. Additional local shops can be found along the Wickham Road together with further bus services. Forest Academy Primary School is located on the development. West Wickham train station is within easy reach and provided routes to London Bridge and Charing Cross.

Sold via Modern Method Of Auction (Tcs & Cs apply)
Buyer paid fee

AUCTIONEER COMMENTS-
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Bairstow Eves, Shirley

020 3869 4056

Next Steps?

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