2 Bed Terraced House, Refurb/BRRR, South Croydon, CR2 8SL, £350,000

Bruce Drive, South Croydon, CR2 8SL - 5 views - a month ago

Sold STC

Refurb/BRRR

ROI: 2%

~68 m²

+9 photos

ValuationFair Value

Sold Prices	£310.5K - £680K
Sold Prices/m²	£3.3K/m² - £8.6K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£357,000£357,000

End Value (After Refurb)	£348,712£348,712

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£36,043£36,043
Bridging Loan Interest	£9,188£9,188
Total Cash In	£151,180£151,180

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£348,712£348,712
Mortgage (After Refinance)	£261,534£261,534
Mortgage LTV	75%75%
Cash Left In	£151,180£151,180
Equity	£87,178£87,178
Rent Range	£1,399 - £2,200£1,399 - £2,200
Rent Estimate	£1,741
Running Costs/mo	£1,458£1,458
Cashflow/mo	£283£283
Cashflow/yr	£3,397£3,397
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

21 sold prices from £310.5K to £680K, average is £375K. £3.3K/m² to £8.6K/m², average is £5.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£310.5K	01/21	0.04 mi	84, Sundale Avenue, South Croydon, Greater London CR2 8RP	£5,263	59	2	Terraced House
£312.5K	07/21	0.04 mi	94, Sundale Avenue, South Croydon, Greater London CR2 8RP	-	-	2	Terraced House
£317.5K	02/21	0.04 mi	78, Sundale Avenue, South Croydon, Greater London CR2 8RP	£5,474	58	2	Terraced House
£350K	02/21	0.04 mi	76, Sundale Avenue, South Croydon, Greater London CR2 8RP	-	-	2	Terraced House
£375K	01/23	0.04 mi	86, Sundale Avenue, South Croydon, Greater London CR2 8RP	£6,466	58	2	Terraced House
£370K	11/22	0.06 mi	16, Southviews, South Croydon, Greater London CR2 8SH	£6,161	60	2	Terraced House
£350K	12/22	0.07 mi	8, Southviews, South Croydon, Greater London CR2 8SH	£6,034	58	2	Terraced House
£365K	08/21	0.23 mi	95, Foxearth Road, South Croydon, Greater London CR2 8EN	-	-	2	Semi-Detached House
£430K	12/22	0.29 mi	27, Wagtail Gardens, South Croydon, Greater London CR2 8TA	£6,515	66	2	Semi-Detached House
£375K	02/21	0.31 mi	6, Wagtail Gardens, South Croydon, Greater London CR2 8TA	£3,289	114	2	Terraced House
£330K	11/21	0.31 mi	154, Middlefields, Croydon, Greater London CR0 9LJ	-	-	2	Terraced House
£405K	06/23	0.32 mi	39, Bullfinch Road, South Croydon, Greater London CR2 8PU	-	-	2	Semi-Detached House
£380K	03/23	0.36 mi	6, Kittiwake Close, South Croydon, Greater London CR2 8SQ	£8,636	44	2	Semi-Detached House
£375K	04/21	0.39 mi	22, Albatross Gardens, South Croydon, Greater London CR2 8QX	£4,934	76	2	Semi-Detached House
£445K	11/20	0.46 mi	6, Greystone Close, South Croydon, Greater London CR2 8PP	£5,779	77	2	Semi-Detached House
£380K	06/23	0.48 mi	72, Lomond Gardens, South Croydon, Greater London CR2 8EQ	£6,333	60	2	Terraced House
£348.5K	06/21	0.48 mi	70, Lomond Gardens, South Croydon, Greater London CR2 8EQ	-	-	2	Semi-Detached House
£395K	09/21	0.5 mi	11, Curlew Close, South Croydon, Greater London CR2 8QT	-	-	2	Semi-Detached House
£575K	06/23	0.6 mi	26, The Gallop, South Croydon, Greater London CR2 7LP	-	-	2	Detached House
£475K	11/20	0.6 mi	30, The Gallop, South Croydon, Greater London CR2 7LP	£5,723	83	2	Detached House
£680K	06/23	0.82 mi	37, Kingswood Way, South Croydon, Greater London CR2 8QL	-	-	2	Detached House

Local Rents

13 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	02/24	0.05 mi	-	2	Flat
£1,800	03/24	0.15 mi	-	2	Flat
£1,900	12/24	0.15 mi	-	2	Flat
£1,900	03/25	0.15 mi	-	2	Flat
£1,600	04/25	0.21 mi	-	2	Flat
£1,500	12/23	0.36 mi	-	2	Flat
£1,399	02/24	0.39 mi	-	2	Flat
£1,499	02/25	0.39 mi	-	2	Flat
£1,499	03/25	0.39 mi	-	2	Flat
£1,500	11/24	0.41 mi	-	2	Flat
£2,200	12/24	0.44 mi	Croham Valley Road, Croydon, South Croydon, CR2	2	Flat
£2,200	12/24	0.44 mi	Croham Valley Road, South Croydon	2	Detached House
£2,200	12/24	0.44 mi	Croham Valley Road, South Croydon, CR2	2	Flat

Local Area Statistics

Population in CR2	48,42748,427
Town centre distance	0.95 miles away0.95 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.74 miles away0.74 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-35%-35%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £350,000

February 25, 2025

Floor Plans

Description

A two bedroom end terrace house located at the end of a popular residential Cul-de-sac and offered for sale with no onward chain. The property is in need of some updating internally but is double glazed throughout and currently has storage radiator heating. To the rear is a lean to leading to a manageable secluded garden and close by the property has a garage en block.

Situated within minutes from transport links
with direct access to a frequent bus service to Croydon town centre and main line station.
Selsdon has comprehensive shopping facilities including three high street supermarkets and a variety of restaurants. A variety of local schools are close by both state and independent

Agent Details

Bairstow Eves, Selsdon

020 3835 5844

Next Steps?

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

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2 Bed Terraced House, Refurb/BRRR, South Croydon, CR2 8SL, £350,000

ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents