2 Bed Terraced House, Refurb/BRRR, Croydon, CR0 1AH, £325,000

Keens Road, Croydon, CR0 1AH - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~66 m²
+20 photos

ValuationFair Value

Sold Prices£245K - £520K
Sold Prices/m²£3.8K/m² - £8.3K/m²

 

 

Square Metres

~66.40 m²
Price/m²£4.9K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£319,392

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£35,096

Bridging Loan Interest

£8,531

Total Cash In

£150,327

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£319,392

Mortgage (After Refinance)

£239,544

Mortgage LTV

75%

Cash Left In

£150,327

Equity

£79,848

Rent Range

£1,350 - £2,600

Rent Estimate

£1,793

Running Costs/mo

£1,377

Cashflow/mo

£416

Cashflow/yr

£4,996

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £245K to £520K, average is £363.5K. £3.8K/m² to £8.3K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£362.5K11/200.01 mi34, Keens Road, Croydon, Greater London CR0 1AH2
£360.2K03/210.01 mi35, Keens Road, Croydon, Greater London CR0 1AH2
£367.5K05/230.04 mi32, Lower Coombe Street, Croydon, Greater London CR0 1AA2
£318K05/210.07 mi49, West Street, Croydon, Greater London CR0 1DJ2
£280K03/210.07 mi32, West Street, Croydon, Greater London CR0 1DJ2
£307.4K03/210.07 mi26, West Street, Croydon, Greater London CR0 1DJ2
£330K09/210.08 mi13, West Street, Croydon, Greater London CR0 1DG2
£335K04/230.1 mi44, Wandle Road, Croydon, Greater London CR0 1DE2
£375K06/230.12 mi10, Queen Street, Croydon, Greater London CR0 1SY2
£420K01/210.14 mi12, Tanfield Road, Croydon, Greater London CR0 1AL2
£430K05/210.14 mi60, Tanfield Road, Croydon, Greater London CR0 1AL2
£325K10/210.16 mi51, Church Road, Croydon, Greater London CR0 1SJ2
£325K11/210.28 mi13, Fawcett Road, Croydon, Greater London CR0 1SP2
£405K01/210.3 mi108, Church Road, Croydon, Greater London CR0 1SD2
£350K06/210.31 mi9, Lennox Gardens, Croydon, Greater London CR0 4HR2
£245K12/200.34 mi17, Old Town, Croydon, Greater London CR0 1AU2
£378.5K11/210.35 mi19, Howley Road, Croydon, Greater London CR0 1AY2
£375K03/210.37 mi15a, Birdhurst Avenue, South Croydon, Greater London CR2 7DX2
£370K09/210.39 mi37, Abbey Road, Croydon, Greater London CR0 1RW2
£351.6K03/210.4 mi35, Abbey Road, Croydon, Greater London CR0 1RW2
£460K04/230.41 mi22, Cliffe Road, South Croydon, Greater London CR2 6PQ2
£350K12/220.41 mi13, Cliffe Road, South Croydon, Greater London CR2 6PQ2
£520K06/210.43 mi31, Harrisons Rise, Croydon, Greater London CR0 4LL2
£355K12/200.46 mi21, St Johns Road, Croydon, Greater London CR0 1RA2
£260K06/230.46 mi24, Borough Hill, Croydon, Greater London CR0 4LN2
£327.5K05/210.46 mi8, Borough Hill, Croydon, Greater London CR0 4LN2
£338K01/230.48 mi14, Upland Road, South Croydon, Greater London CR2 6RD2
£385K03/210.48 mi27, Upland Road, South Croydon, Greater London CR2 6RD2
£350K06/210.48 mi45, St Peters Street, South Croydon, Greater London CR2 7DG2
£405K10/200.48 mi41, St Peters Street, South Croydon, Greater London CR2 7DG2
£436K12/220.48 mi47, St Peters Street, South Croydon, Greater London CR2 7DG2
£375K11/210.49 mi40, Frith Road, Croydon, Greater London CR0 1TA2
£381K10/210.49 mi60, St Peters Street, South Croydon, Greater London CR2 7DE2
£382.5K06/210.49 mi58, St Peters Street, South Croydon, Greater London CR2 7DE2
£350K10/210.49 mi20, St Peters Street, South Croydon, Greater London CR2 7DE2
£364.5K12/200.5 mi45, Upland Road, South Croydon, Greater London CR2 6RE2
£335K01/210.51 mi10, Arundel Close, Croydon, Greater London CR0 4BR2
£330K06/210.53 mi80, Selsdon Road, South Croydon, Greater London CR2 6PF2
£327.5K06/210.54 mi83, St Peters Street, South Croydon, Greater London CR2 7DG2
£500K12/220.55 mi75, Selsdon Road, South Croydon, Greater London CR2 6PZ2
£430K02/230.56 mi1, Alpine Close, Croydon, Greater London CR0 5UN2
£390K06/210.56 mi12, Alpine Close, Croydon, Greater London CR0 5UN2
£367.5K06/210.56 mi100, St Peters Street, South Croydon, Greater London CR2 7DF2
£368K10/210.57 mi17, Bourne Street, Croydon, Greater London CR0 1XL2
£252K01/210.58 mi103, St Peters Street, South Croydon, Greater London CR2 7DJ2
£360K05/230.58 mi107, St Peters Street, South Croydon, Greater London CR2 7DJ2
£381K02/230.59 mi105, St Peters Street, South Croydon, Greater London CR2 7DJ2
£373.1K06/210.6 mi156, Selsdon Road, South Croydon, Greater London CR2 6PG2
£338.1K11/200.6 mi140, Selsdon Road, South Croydon, Greater London CR2 6PG2
£400K06/210.61 mi65, Granville Close, Croydon, Greater London CR0 5PY2

Local Rents

52 rents from £1.4K/mo to £2.6K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,99912/240.01 miKeens Road, Croydon, CR02
£1,99902/240.01 mi-2
£1,99902/240.01 mi-2
£2,00012/240.02 miKeens Road, Croydon, CR02
£1,85012/240.02 miKeens Road, Croydon, CR02
£1,75003/250.07 mi-2
£1,80012/240.07 mi-2
£1,65012/240.09 miParker Road, Croydon2
£1,35004/250.1 mi-2
£1,75003/250.11 mi-2
£1,45002/240.13 mi-2
£1,45002/240.13 mi-2
£1,95003/250.13 mi-2
£1,60012/240.14 miHigh Street, Croydon, CR02
£1,85012/240.14 miHigh Street, Croydon, CR02
£1,70002/250.15 mi-2
£1,70002/240.15 mi-2
£2,60012/240.15 mi-2
£1,85001/250.15 mi-2
£1,60012/240.15 mi-2
£1,79902/240.16 mi-2
£1,80012/240.16 miBrand New Luxury Apartment2
£1,70003/240.17 mi-2
£1,75012/240.17 miHeathfield Rd, Croydon, CR02
£1,80012/240.18 miLeon House, High Street, Croydon2
£1,65012/240.18 miPark Lane, Croydon, Surrey, CR02
£2,50002/250.18 mi-2
£1,75004/250.19 mi-2
£1,65003/250.2 mi-2
£1,51512/240.2 miSt. Peters Road, South Croydon, Surrey, CR02
£2,20012/240.2 miPark Lane, Croydon2
£1,75012/240.2 miPark Lane, Croydon, CR02
£1,75012/240.2 miPark Lane, Croydon, Surrey, CR02
£1,75012/240.2 miPark Lane, Croydon, CR02
£1,67512/240.2 mi-2
£1,65012/240.2 miPark Lane, Croydon, CR02
£1,60012/240.21 miTandon House, Park Lane, Croydon, Surrey, CR02
£1,90004/250.22 mi-2
£2,40003/250.22 mi-2
£1,40012/240.23 miBramley Hill, South Croydon2
£1,70002/240.23 mi-2
£1,85012/240.24 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,90012/240.24 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.24 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,85012/240.24 miKindred House, 25 Scarbrook Road, Surrey, CR02
£1,90003/250.24 mi-2
£1,65012/240.24 miPark Lane, Croydon, Surrey, CR02
£2,00012/240.25 miTemple road, CR02
£1,80012/240.25 miCentre View Apartments, Central Croydon, Croydon, CR02
£1,55012/240.25 miWhitgift Street, Croydon CR02
£1,60012/240.25 miEdridge Road, Central Croydon2
£1,55003/240.26 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £325,000

February 21, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Two Reception Rooms +
  • Mid-Terrace House +
  • Chain-Free +
  • 0.6 Miles From South Croydon Station +

Guide Price £325,000 - £350,000

Welcome to this charming 2-bedroom mid-terrace house, an ideal opportunity for those looking to create their dream home in a desirable location. This property offers two spacious reception rooms that provide ample space for relaxation and entertaining, perfect for family gatherings or cozy nights in. The house is in need of renovation and tender loving care (TLC), allowing you to put your personal touch on every aspect of the home. With a bit of imagination and effort, this property can be transformed into a stylish and comfortable living space. The property features a private garden at the rear, offering a tranquil outdoor space for gardening, play, or simply enjoying the fresh air. This garden is a rare find and provides a wonderful opportunity for outdoor relaxation and entertaining. Convenience is key with on-street permit holders parking available, the property is also 0.6 miles from South Croydon station and 1.3 miles from East Croydon station, perfect for commuters! This house is perfect for first-time buyers, investors, or anyone looking to undertake a renovation project. Don’t miss out on this fantastic opportunity to own a property with great potential in a sought-after area. Contact us today to arrange a viewing and discover the possibilities that await!

- Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’

Agent Details

Leaders Sales, Croydon

020 3840 3384

Next Steps?

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