2 Bed Flat, Single Let, South Croydon, CR2 0AT, £300,000

Montana Close, Sanderstead, Surrey, CR2 0AT - a month ago

Sold STC
BTL
ROI: 3%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£248K - £437.5K
Sold Prices/m²£3.4K/m² - £6.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£346,720
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,425 - £2,050

Rent Estimate

£1,463

Running Costs/mo

£1,250

Cashflow/mo

£213

Cashflow/yr

£2,555

ROI

3%

Gross Yield

6%

Local Sold Prices

20 sold prices from £248K to £437.5K, average is £291.8K. £3.4K/m² to £6.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£293.5K02/230.01 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£282.5K11/210.04 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2
£327.5K11/200.08 mi24, Reddington Close, South Croydon, Greater London CR2 0QZ2
£335K11/210.28 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£262.5K06/230.49 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£423K11/200.59 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2
£290K11/200.64 mi112, Kingsdown Avenue, South Croydon, Greater London CR2 6QH2
£285K06/210.65 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.65 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.65 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£273.1K12/220.68 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£437.5K12/200.78 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE2
£285K12/210.84 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£269K06/210.87 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£325K08/210.87 miGround Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD2
£305K01/230.95 mi13, Birchend Close, South Croydon, Greater London CR2 7DS2
£380K09/210.95 miFlat 7, Doble Court, Addington Road, South Croydon, Greater London CR2 8RN2
£422K07/230.95 miFlat 6, Doble Court, Addington Road, South Croydon, Greater London CR2 8RN2
£297K11/200.97 mi209, Pampisford Road, South Croydon, Greater London CR2 6DF2
£290K03/210.97 mi211, Pampisford Road, South Croydon, Greater London CR2 6DF2

Local Rents

49 rents from £1.4K/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.01 mi*ZERO DEPOSIT OPTION* Montana Close, Sanderstead CR22
£2,05002/250.07 mi-2
£1,65012/240.09 miReddington Close, South Croydon2
£1,50001/250.1 mi-2
£1,60012/240.11 miTheresas Walk, SOUTH CROYDON2
£1,60012/240.11 miTheresas Walk, South Croydon, CR22
£1,65012/240.11 miBeechwood Road, South Croydon2
£1,60002/240.2 mi-2
£1,60002/240.2 mi-2
£1,42502/240.2 mi-2
£1,60012/240.2 mi-2
£1,65012/240.22 miBeechwood Road, South Croydon, CR02
£1,55002/240.24 mi-2
£1,60012/240.27 miBeech Avenue, South Croydon2
£1,60012/240.28 miParrs Close, Sanderstead2
£1,45012/240.29 miFlorence road, CR22
£1,60012/240.29 miParrs Close, Croydon, CR22
£1,60003/250.31 mi-2
£1,50012/240.38 miMayfield Road, South Croydon, Surrey, CR22
£1,55012/240.38 miMayfield Road, South Croydon, Surrey, CR22
£1,95012/240.38 miBrambledown Road, SOUTH CROYDON2
£1,50012/240.39 miElmfield Way, SOUTH CROYDON2
£1,65003/250.4 mi-2
£1,55012/240.47 miBrighton Road, South Croydon2
£1,64002/250.5 mi-2
£1,60003/250.52 mi-2
£1,75003/250.52 mi-2
£1,72503/250.52 mi-2
£1,50012/240.52 miBrighton Road, South Croydon, Surrey, CR22
£1,75012/240.52 mi-2
£2,00001/250.53 mi-2
£2,00003/250.53 mi-2
£2,00002/250.53 mi-2
£2,00002/250.53 mi-2
£1,55012/240.54 miAria House , Haling Down Passage CR22
£2,00012/240.54 mi-2
£2,00012/240.54 miCapella Court, Purley, CR82
£1,65002/240.54 mi-2
£2,00012/240.56 miBrighton Road, Purley, CR82
£2,00012/240.56 mi-2
£1,60012/240.56 miChurchill Road, South Croydon, CR2 6HB2
£1,60002/250.56 mi-2
£1,70003/250.56 mi-2
£1,60012/240.6 miBlenheim Park Road, South Croydon2
£1,60012/240.62 miMontpelier Road, Purley, CR82
£1,75002/240.62 mi-2
£1,77503/240.62 mi-2
£1,69503/250.62 mi-2
£1,69503/250.62 mi-2

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £300,000

February 21, 2025

Floor Plans

Description

  • Delightful Purpose Built Flat +
  • 2 Good sized Bedrooms +
  • Spacious Lounge/Diner +
  • Good Sized Kitchen/Breakfast Room +
  • Modern Bathroom +
  • Gas Central Heating & Double Glazing +
  • Garage +
  • Close to 2 Stations +
  • Fantastic First Time Buy +

Hubbard Torlot are pleased to bring to the market this popular 1 double bedroom and a large single bedroom apartment superbly located between 2 stations, being Sanderstead and Purley Oaks ( approx. 5 mins walk to either). The property is located on the 2nd floor of this purpose built block and is well presented throughout. The accommodation is both bright and spacious and includes a good sized lounge/diner, separate kitchen with space for breakfast table, 2 bedrooms with the master having fitted wardrobes and a modern bathroom. Externally the property enjoys well kept grounds and is also a short walk to the popular Purley Beeches and Wettern Tree Garden. Viewing of this wonderful apartment is recommended - AN IDEAL FIRST TIME BUY

The flat is located within 0.2 miles of Sanderstead train station and 0.3 miles of Purley Oaks. The 403 bus service which runs through to Croydon and also out as far as Warlingham is just a 2 minute walk to the bus stop. Local amenities also include shops and restaurants. The area is well served with open spaces to include that of the Wettern Tree Gardens and Purley Beeches. VIEWING IS HIGHLY RECOMMENDED

Agent Details

Hubbard Torlot, Sanderstead

020 3910 6353

Next Steps?

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