ValuationUndervalued

Sold Prices	£386.3K - £1.6M
Sold Prices/m²	£2.8K/m² - £6.8K/m²

Square Metres	~139.90 m²
Price/m²	£4.6K/m²
Value Estimate	£668,753£668,753
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£56,200£56,200
Total Cash In	£218,700£218,700

Cash Out
Room Rate	£767£767
Gross Rent	£3,835£3,835
Running Costs/mo	£3,523£3,523
Cashflow/mo	£312£312
Cashflow/yr	£3,743£3,743
ROI	2%2%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £386.3K to £1.6M, average is £765K. £2.8K/m² to £6.8K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£669K	09/24	0.18 mi	17, Morland Road, Croydon, Greater London CR0 6HA	£2,799	239	5	Semi-Detached House
£560K	05/25	0.41 mi	15, Dalmally Road, Croydon CR0 6LU	£6,154	91	5	Terraced House
£640K	06/21	0.82 mi	9, Clifton Road, London, Greater London SE25 6NJ	-	-	5	Semi-Detached House
£675K	02/23	0.88 mi	30, Balfour Road, London, Greater London SE25 5JY	-	-	5	Semi-Detached House
£850K	09/21	0.91 mi	Grey Gables, Lawrence Road, South Norwood, London SE25 5AA	£5,090	167	5	Bungalow
£850K	09/21	0.91 mi	Grey Gables, Lawrence Road, South Norwood, London SE25 5AA	-	-	5	Detached House
£607K	08/22	0.94 mi	17, Burgoyne Road, London, Greater London SE25 6JT	-	-	5	Semi-Detached House
£825K	12/22	0.94 mi	21, Burgoyne Road, London, Greater London SE25 6JT	£5,030	164	5	Semi-Detached House
£955K	03/23	0.96 mi	148, Addiscombe Road, Croydon, Greater London CR0 7LA	£5,895	162	5	Detached House
£755K	11/22	0.98 mi	75, Shirley Road, Croydon, Greater London CR0 7LQ	-	-	5	Detached House
£1.1M	07/25	1.11 mi	8, Grimwade Avenue, Croydon CR0 5DG	-	-	5	Detached House
£1.3M	03/23	1.12 mi	11, Upfield, Croydon, Greater London CR0 5DR	-	-	5	Detached House
£660K	02/25	1.12 mi	226, Whitehorse Lane, South Norwood, London SE25 6UX	£4,681	141	5	Terraced House
£795K	05/21	1.12 mi	64, Whitworth Road, London, Greater London SE25 6XJ	£5,530	144	5	Semi-Detached House
£1.4M	01/25	1.13 mi	29, Grimwade Avenue, Croydon CR0 5DJ	£5,729	240	5	Detached House
£1.6M	10/22	1.13 mi	11, Grimwade Avenue, Croydon, Greater London CR0 5DJ	-	-	5	Detached House
£775K	05/21	1.16 mi	33, Reynolds Way, Croydon, Greater London CR0 5JW	£4,454	174	5	Detached House
£679K	01/25	1.23 mi	31, Canham Road, South Norwood, London SE25 6SA	£4,381	155	5	Terraced House
£701K	05/23	1.24 mi	18, Nugent Road, London, Greater London SE25 6UB	-	-	5	Terraced House
£520K	10/21	1.28 mi	304, Whitehorse Lane, London, Greater London SE25 6UF	£3,796	137	5	Terraced House
£386.3K	08/25	1.32 mi	2, Hunter Road, Thornton Heath CR7 8QG	-	-	5	Semi-Detached House
£750K	05/25	1.32 mi	14, Rutland Gardens, Croydon CR0 5ST	£4,464	168	5	Semi-Detached House
£595K	06/23	1.38 mi	27, Temple Road, Croydon, Greater London CR0 1HU	-	-	5	Semi-Detached House
£790K	04/23	1.39 mi	51, Woodvale Avenue, London, Greater London SE25 4AD	-	-	5	Semi-Detached House
£1.4M	09/21	1.42 mi	21, Witherby Close, Croydon, Greater London CR0 5SU	-	-	5	Detached House
£730K	06/21	1.45 mi	17, Howden Road, London, Greater London SE25 4AS	-	-	5	Semi-Detached House
£729K	07/22	1.48 mi	4, Wharncliffe Gardens, London, Greater London SE25 6DQ	-	-	5	Detached House
£729K	07/22	1.49 mi	4, Wharncliffe Gardens, South Norwood, London SE25 6DQ	£5,028	145	5	Detached House
£729K	07/22	1.49 mi	4, Wharncliffe Gardens, South Norwood, London SE25 6DQ	-	-	5	Detached House
£730K	06/23	1.5 mi	60, Woodmere Avenue, Croydon, Greater London CR0 7PD	£4,191	174	5	Detached House
£440K	12/24	1.52 mi	74, Richmond Road, Thornton Heath CR7 7QD	-	-	5	Terraced House
£820K	08/24	1.52 mi	5, Wheathill Road, Penge, London SE20 7XQ	£6,777	121	5	Semi-Detached House
£820K	08/24	1.52 mi	5, Wheathill Road, Penge, London SE20 7XQ	-	-	5	Semi-Detached House
£990K	02/24	1.54 mi	20, Thornsett Road, London, Greater London SE20 7XE	£4,541	218	5	Semi-Detached House
£612.5K	07/22	1.58 mi	224, Grange Road, Upper Norwood, London, Greater London SE25 6TB	-	-	5	Semi-Detached House
£790K	09/21	1.61 mi	203, South Norwood Hill, London, Greater London SE25 6DN	-	-	5	Semi-Detached House
£890K	07/23	1.66 mi	96, Waddon Road, Croydon, Greater London CR0 4JG	£4,502	198	5	Semi-Detached House
£670K	11/24	1.67 mi	6, Postmill Close, Croydon CR0 5DY	£5,000	134	5	Detached House
£455K	06/21	1.7 mi	87b, Burlington Road, Thornton Heath, Greater London CR7 8PJ	£4,375	104	5	Semi-Detached House
£863K	02/23	1.71 mi	2, Spring Park Avenue, Croydon, Greater London CR0 5EG	-	-	5	Semi-Detached House
£1.1M	06/21	1.78 mi	46, Orchard Avenue, Croydon, Greater London CR0 7NA	-	-	5	Detached House
£960K	05/25	1.79 mi	8, Whitgift Avenue, South Croydon CR2 6AY	£5,963	161	5	Detached House
£960K	05/25	1.79 mi	8, Whitgift Avenue, South Croydon CR2 6AY	-	-	5	Detached House
£775K	12/22	1.82 mi	2, Ambleside Avenue, Beckenham, Greater London BR3 3RW	-	-	5	Terraced House
£568.5K	11/21	1.82 mi	31, Leander Road, Thornton Heath, Greater London CR7 6JY	-	-	5	Semi-Detached House
£990K	01/23	1.83 mi	10, Manor Way, South Croydon, Greater London CR2 7BQ	-	-	5	Detached House
£900K	01/25	1.83 mi	26, Devonshire Way, Croydon CR0 8BR	£5,696	158	5	Detached House
£900K	01/25	1.83 mi	26, Devonshire Way, Croydon CR0 8BR	-	-	5	Detached House
£601K	06/25	1.85 mi	121, Strathyre Avenue, Norbury, London SW16 4RH	£4,452	135	5	Semi-Detached House
£601K	06/25	1.85 mi	121, Strathyre Avenue, Norbury, London SW16 4RH	-	-	5	Terraced House

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	1.14 miles away1.14 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £650,000

February 21, 2025

Floor Plans

Description

This massive house that is currently being used as a HMO with a full licence is an investors dream! This property currently achieves a yearly rent of £54,000 with the potential to rise to £60,600.

This property consists of a bay fronted bedroom with an ensuite, another double bedroom with an ensuite that has access to a part of private garden and an modern open plan kitchen/reception room. On the first floor you have two more double bedrooms both with ensuites. On the second floor you have the biggest bedroom, a three piece family bathroom and a kitchen.

This property benefits from having a full HMO licence, being end of terrace, being sold chain free, large garden. This property is really the perfect investment.

Call now to find out more information!

DIRECTIONS
Rymer Road is a quiet residential road that runs between Stretton Road and Dartnell Road. Walking distance to East Croydon train station, local bus routes and Central Croydon.

TRANSPORT
East Croydon 0.8 miles
Selhurst 0.5 miles
Norwood Junction 0.9 miles
West Croydon 1 mile
Thornton Heath 1.3 miles

SCHOOLS - INFANTS & PRIMARY
John Wood School & Nursery 180 yards
Robert Fitzroy Academy 340 yards
Woodside Primary School 620 yards
Broadmead Primary School 760 yards
The Crescent Primary School half a mile

SCHOOLS - SECONDARY & COLLEGE
Ark Blake Academy 410 yards
St Mary's Catholic High School 0.7 miles
Oasis Academy Shirley Park (All Through) 0.8 miles
Harris Invictus Academy Croydon 1 mile
Harris Aspire Academy 1 mile

Agent Details

Streets Ahead, Croydon

020 3892 9549

Next Steps?

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

5 Bed HMO, Croydon, CR0 6EE £650,000