6 Bed Detached House, Refurb/BRRR, South Croydon, CR2 7HN, £1,200,000

43 Croham Park Avenue, South Croydon, CR2 7HN - 4 views - 2 months ago

Refurb/BRRR
~186 m²
+20 photos

ValuationOvervalued

Sold Prices£540K - £2.3M
Sold Prices/m²£3.5K/m² - £6K/m²

 

 

Square Metres

~186 m²
Price/m²£6.5K/m²

Value Estimate

£799,077

 

 

End Value (After Refurb)

£946,497

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£300,000

Stamp Duty & Legal Fees

£98,450

Refurb Costs

£98,427

Bridging Loan Interest

£31,500

Total Cash In

£530,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£946,497

Mortgage (After Refinance)

£709,872

Mortgage LTV

75%

Cash Left In

£530,127

Equity

£236,624

Rent Range

£1,800 - £8,333

Rent Estimate

£2,719

Running Costs/mo

£3,522

Cashflow/mo

£-803

Cashflow/yr

£-9,631

Gross Yield

3%

Local Sold Prices

20 sold prices from £540K to £2.3M, average is £1.1M. £3.5K/m² to £6K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£1.0M01/230.06 mi68, Coombe Road, Croydon, Greater London CR0 5SH6
£1.6M03/210.61 miSummerfield, 2, Harland Avenue, Croydon, Greater London CR0 5QB6
£1.5M09/210.8 mi22, Fitzjames Avenue, Croydon, Greater London CR0 5DH6
£1.7M11/220.8 mi4, Fitzjames Avenue, Croydon, Greater London CR0 5DH6
£1.3M09/210.98 mi47, Whitgift Avenue, South Croydon, Greater London CR2 6AZ6
£900K10/201.02 mi166, Addiscombe Road, Croydon, Greater London CR0 7LA6
£1.2M06/211.05 mi49, Upfield, Croydon, Greater London CR0 5DR6
£710K04/231.1 mi165, Lower Addiscombe Road, Croydon, Greater London CR0 6PW6
£1.3M12/201.14 mi21a, West Hill, South Croydon, Greater London CR2 0SB6
£940K11/201.14 mi49, West Hill, South Croydon, Greater London CR2 0SB6
£1.6M03/231.14 mi7, West Hill, South Croydon, Greater London CR2 0SB6
£540K01/211.25 mi16, Ashling Road, Addiscombe, Croydon, Greater London CR0 7DA6
£700K04/211.34 mi117, Blenheim Park Road, South Croydon, Greater London CR2 6BL6
£825K05/231.37 mi201, Shirley Road, Croydon, Greater London CR0 8SB6
£1.0M06/231.42 miBraeside, 240, Sanderstead Road, South Croydon, Greater London CR2 0AJ6
£2.3M12/201.5 miRanelagh House, Bishops Walk, Croydon, Greater London CR0 5BA6
£1.9M10/221.5 miArtemis, Bishops Walk, Croydon, Greater London CR0 5BA6
£570K10/211.64 mi15, Meadvale Road, Croydon, Greater London CR0 6JY6
£1.4M03/211.92 mi7, Russell Green Close, Purley, Greater London CR8 2NS6
£697K01/231.96 mi22, Grasmere Road, Purley, Greater London CR8 1DU6

Local Rents

39 rents from £1.8K/mo to £8.3K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.2 miCroham Road, South Croydon, CR24
£2,50012/240.2 mi-4
£2,50001/250.21 mi-4
£1,90012/240.21 miCampion Close, Croydon, Surrey, CR03
£1,90012/240.21 mi-3
£1,90012/240.21 miCampion Close, Croydon, CR03
£2,40012/240.24 miCaroline Close, East Croydon, CR04
£2,30012/240.27 miTipton Drive, Croydon CR04
£2,30012/240.32 miBrownlow Road, CR04
£2,85004/250.33 mi-5
£2,20012/240.36 miSouth Park Hill Road, SOUTH CROYDON3
£4,00012/240.39 miDornton Road, South Croydon, CR25
£3,25012/240.39 miManor Way South Croydon CR25
£2,80012/240.4 mi-4
£2,80012/240.4 miStanhope Road, Croydon, CR04
£2,95012/240.4 miManor Way, South Croydon4
£3,20012/240.41 miBirdhurst Gardens, South Croydon, Surrey, CR25
£4,00012/240.42 miDornton Road, South Croydon, CR26
£4,00012/240.42 miDornton Road5
£1,90012/240.46 miEngadine Close, Croydon, CR03
£2,50012/240.46 miSt. Bernards, Chichester Road, Croydon, CR04
£1,90012/240.47 miEngadine Close, Croydon CR03
£2,40012/240.48 miStanhope Road, Croydon, London, CR04
£2,49512/240.48 miStanhope Road, Croydon, London, CR04
£2,48512/240.48 miStanhope Road, Croydon, London, CR04
£2,07004/250.51 mi-3
£2,20003/240.54 mi-4
£2,20003/240.54 mi-4
£2,20012/240.54 miTemple Road, London, CR04
£2,00001/250.55 mi-3
£8,33312/240.56 mi-9
£1,80012/240.57 miSunnynook Gardens, Croydon, CR23
£2,00003/240.58 mi-3
£1,85012/240.58 miSt. Peters Road, Croydon, CR03
£2,50012/240.59 mi-4
£3,29002/240.61 mi-5
£2,40002/240.61 mi-4
£2,50001/250.61 mi-4
£4,25012/240.62 miCroydon, CR05

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £1,200,000

February 17, 2025

Floor Plans

Description

  • Impressive Five/Six Bedroom Detached Property +
  • Sought After 0.23 Acre Plot +
  • Significant Potential to Convert or Re-Configure +
  • Four/Five Beautiful Reception Rooms +
  • Close to South Croydon Station +
  • Four Bath/Shower Rooms (One En-Suite) +
  • Beautiful Gardens +
  • Detached Garage and Off Street Parking +
  • Close to Tramlink Serving East Croydon +
  • Easy Access Shops, Schools and Amenities +

Marriott Vernon present this impressive five/six bedroom detached property with detached garage, set in a 0.23 acre plot in a sought after residential location. The property does require modernisation throughout but boasts versatile accommodation spanning in excess of 3,500sqft, including four/five large reception rooms, four bathrooms (one en-suite), top floor annexe with kitchen and bathroom, and cellar to the basement area. Flowing living space creates a superb basis for this wonderful home, with excellent scope to customise or re-develop as desired. Further features include gas central heating (with Vaillant boiler and megaflow system), double glazing, loft storage and ample inbuilt storage.

Accommodation comprises entrance hall with access to guest WC, leading into two front aspect reception rooms, each with bay window and ample space for relaxing and entertaining. A further reception room to the rear enjoys direct access onto the garden. To the rear of the property, a dining room opens through to the well equipped kitchen comprising a stylish range of matching wall and base units with work surfaces incorporating inset sink unit, gas hob with overhead extractor, electric oven, and further space for appliances. A modern tiled shower room completes the lower level accommodation. To the first floor, there are four well proportioned bedrooms, en-suite, plus a family bathroom along with potential to reconfigure the layout to create a Principal suite with en-suite and dressing room. To the second floor, there is annexe accommodation with a bedroom, reception room, kitchen and shower room.

The property is located within easy access of Tramlink at Lloyd Park, bus routes and South and East Croydon stations. Croydon town centre is close-by with its array of shops and amenities and South Croydon's 'Restaurant Quarter' is within a short walk. The area is also well served by excellent schools, delightful open spaces and golf courses.

Agent Details

Marriott Vernon, Croydon

020 3728 8883

Next Steps?

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