2 Bed Flat, Single Let, South Croydon, CR2 7EX, £345,000

Spencer Road , South Croydon, CR2 7EX - 2 months ago

Sold STC

Leasehold

BTL

ROI: 1%

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£223K - £660K
Sold Prices/m²	£3.4K/m² - £12.2K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£324,662£324,662

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£86,250£86,250
Stamp Duty & Legal Fees	£23,200£23,200
Total Cash In	£109,450£109,450

Cash Out
Rent Range	£1,300 - £2,950£1,300 - £2,950
Rent Estimate	£1,431
Running Costs/mo	£1,384£1,384
Cashflow/mo	£47£47
Cashflow/yr	£560£560
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

48 sold prices from £223K to £660K, average is £312.5K. £3.4K/m² to £12.2K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£305K	01/21	0.06 mi	44, Campden Road, South Croydon, Greater London CR2 7EN	£6,354	48	2	Flat
£310K	05/23	0.11 mi	82, Campden Road, South Croydon, Greater London CR2 7EP	£5,254	59	2	Flat
£285K	12/20	0.11 mi	88, Campden Road, South Croydon, Greater London CR2 7EP	£4,831	59	2	Flat
£355K	12/22	0.11 mi	56, Campden Road, South Croydon, Greater London CR2 7EP	£6,827	52	2	Flat
£332.5K	06/23	0.11 mi	70, Campden Road, South Croydon, Greater London CR2 7EP	£5,434	61	2	Flat
£330K	01/23	0.13 mi	2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED	£5,789	57	2	Flat
£368K	05/23	0.18 mi	72a, Croham Road, South Croydon, Greater London CR2 7BD	£3,376	109	2	Flat
£243K	02/23	0.18 mi	Flat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA	£12,150	20	2	Flat
£280K	02/21	0.19 mi	1, Sycamore Close, South Croydon, Greater London CR2 7LN	£4,242	66	2	Flat
£305K	01/23	0.39 mi	13, Birchend Close, South Croydon, Greater London CR2 7DS	£5,865	52	2	Flat
£270K	05/23	0.47 mi	Flat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW	-	-	2	Flat
£306K	12/20	0.53 mi	4a, St Peters Road, Croydon, Greater London CR0 1HD	£4,500	68	2	Flat
£255K	07/23	0.54 mi	54, Chichester Road, Croydon, Greater London CR0 5NB	£4,397	58	2	Flat
£327K	12/20	0.55 mi	44, Green Acres, Croydon, Greater London CR0 5UX	£4,360	75	2	Flat
£367.5K	09/21	0.58 mi	36, Green Acres, Croydon, Greater London CR0 5UW	£4,482	82	2	Flat
£340K	02/21	0.6 mi	25, Green Acres, Croydon, Greater London CR0 5UW	£4,359	78	2	Flat
£343K	09/21	0.61 mi	12, Coverdale Gardens, Croydon, Greater London CR0 5LS	-	-	2	Flat
£318K	11/20	0.61 mi	17, Coverdale Gardens, Croydon, Greater London CR0 5LS	£4,892	65	2	Flat
£295K	09/21	0.65 mi	36a, Warham Road, South Croydon, Greater London CR2 6LA	£4,041	73	2	Flat
£380K	01/23	0.65 mi	28a, Warham Road, South Croydon, Greater London CR2 6LA	£4,810	79	2	Flat
£375K	02/23	0.65 mi	35, Bardsley Close, Croydon, Greater London CR0 5PS	£5,137	73	2	Flat
£325K	08/21	0.65 mi	Ground Floor Flat, 106, Brighton Road, South Croydon, Greater London CR2 6AD	£6,500	50	2	Flat
£335K	10/21	0.69 mi	12, Fleetwood Close, Croydon, Greater London CR0 5HD	£4,926	68	2	Flat
£287K	08/21	0.69 mi	32, Fleetwood Close, Croydon, Greater London CR0 5HD	£4,159	69	2	Flat
£375K	03/21	0.71 mi	44, Granville Close, Croydon, Greater London CR0 5PX	£5,282	71	2	Flat
£292.5K	02/23	0.73 mi	89, Granville Close, Croydon, Greater London CR0 5PY	-	-	2	Flat
£345K	05/23	0.74 mi	Ground Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX	£4,539	76	2	Flat
£320K	12/20	0.75 mi	93, Turnpike Link, Croydon, Greater London CR0 5NU	£4,324	74	2	Flat
£294K	04/23	0.77 mi	The First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG	-	-	2	Flat
£437.5K	12/20	0.78 mi	Lower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE	-	-	2	Flat
£326K	09/21	0.78 mi	6, Garrick Crescent, Croydon, Greater London CR0 5PW	£4,151	79	2	Flat
£299.5K	10/21	0.83 mi	17, Leyburn Gardens, Croydon, Greater London CR0 5NL	-	-	2	Flat
£286K	12/22	0.87 mi	4, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,767	60	2	Flat
£275K	01/23	0.87 mi	50, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,583	60	2	Flat
£315K	12/20	0.87 mi	48, Waldronhyrst, South Croydon, Greater London CR2 6NY	£3,938	80	2	Flat
£660K	06/21	0.88 mi	65, Addiscombe Road, Croydon, Greater London CR0 6SD	£3,741	176	2	Flat
£248K	04/23	0.9 mi	29, Waldronhyrst, South Croydon, Greater London CR2 6NZ	£4,133	60	2	Flat
£423K	11/20	0.9 mi	2, Churchill Road, South Croydon, Greater London CR2 6HA	£5,288	80	2	Flat
£329.2K	06/21	0.94 mi	35a, Chisholm Road, Croydon, Greater London CR0 6UQ	£4,913	67	2	Flat
£250K	08/21	0.94 mi	Flat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP	-	-	2	Flat
£270K	02/23	0.94 mi	24, Charles Street, Croydon, Greater London CR0 1TR	£5,094	53	2	Flat
£223K	07/23	0.97 mi	271, Violet Lane, Croydon, Greater London CR0 4HN	-	-	2	Flat
£248K	04/21	0.97 mi	50c, Canning Road, Croydon, Greater London CR0 6QF	£3,815	65	2	Flat
£321K	06/21	0.99 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£321K	06/21	0.99 mi	9, St Anns Way, South Croydon, Greater London CR2 6DN	-	-	2	Flat
£300K	02/21	0.99 mi	39, St Anns Way, South Croydon, Greater London CR2 6DN	£4,762	63	2	Flat
£297K	11/20	1 mi	209, Pampisford Road, South Croydon, Greater London CR2 6DF	£5,121	58	2	Flat
£290K	03/21	1 mi	211, Pampisford Road, South Croydon, Greater London CR2 6DF	-	-	2	Flat

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	04/25	0.05 mi	-	2	Flat
£1,650	04/25	0.06 mi	-	2	Flat
£1,900	11/24	0.07 mi	-	2	Flat
£1,790	12/24	0.09 mi	-	2	Flat
£1,670	02/24	0.09 mi	-	2	Flat
£1,750	12/24	0.12 mi	Croham Park Avenue, SOUTH CROYDON	2	Flat
£1,699	12/24	0.12 mi	Croham Road, Cranbrook Court, CR2	2	Flat
£1,500	02/24	0.13 mi	-	2	Flat
£1,500	02/24	0.13 mi	-	2	Flat
£1,600	12/24	0.13 mi	Campion Close, Croydon	2	Flat
£1,300	12/24	0.13 mi	South Croydon, Surrey	2	Flat
£1,800	02/25	0.14 mi	-	2	Flat
£2,950	03/24	0.14 mi	-	2	Flat
£1,650	12/24	0.15 mi	-	2	Flat
£1,650	12/24	0.17 mi	Croham Park Avenue, South Croydon, CR2	2	Flat
£1,500	12/24	0.19 mi	Sycamore Close, CR2	2	Flat
£1,650	02/25	0.19 mi	-	2	Flat
£1,700	11/24	0.24 mi	-	2	Flat
£1,650	12/24	0.24 mi	20 Normanton Road, South Croydon, CR2 7AR	2	Flat
£1,650	04/25	0.25 mi	-	2	Flat
£1,925	02/25	0.25 mi	-	2	Flat
£1,775	03/25	0.25 mi	-	2	Flat
£1,450	12/24	0.28 mi	Rosamund Close, South Croydon	2	Flat
£1,550	12/24	0.28 mi	Normanton Road, South Croydon, CR2	2	Flat
£1,650	12/24	0.28 mi	South Park Hill Road, South Croydon, CR2	2	Flat
£1,795	12/24	0.28 mi	South Park Hill Road, South Croydon, CR2	2	Flat
£1,795	12/24	0.28 mi	South Park Hill Road, South Croydon, CR2	2	Flat
£1,545	12/24	0.29 mi	Croham Road, CR2	2	Flat
£1,795	12/24	0.29 mi	South Park Hill Road, South Croydon	2	Flat
£1,695	12/24	0.29 mi	South Park Hill Road, South Croydon	2	Flat
£1,500	02/24	0.29 mi	-	2	Flat
£1,695	12/24	0.29 mi	South Park Hill Road, South Croydon, CR2	2	Flat
£1,800	02/25	0.29 mi	-	2	Flat
£1,750	12/24	0.3 mi	-	2	Flat
£1,700	04/25	0.3 mi	-	2	Flat
£1,800	04/25	0.3 mi	-	2	Flat
£1,700	12/24	0.3 mi	2 bedroom Ground Floor Flat in South Croydon	2	Flat
£1,650	02/25	0.31 mi	-	2	Flat
£1,600	12/24	0.31 mi	Muggeridge Close , South Croydon	2	Flat
£1,450	12/24	0.31 mi	Muggeridge Close, South Croydon	2	Flat
£1,600	12/24	0.31 mi	Muggeridge Close, South Croydon	2	Flat
£1,475	12/24	0.34 mi	Dornton Road, CR2	2	Flat
£1,400	01/25	0.35 mi	-	2	Flat
£1,600	12/24	0.36 mi	Harewood Road, South Croydon, Surrey, CR2	2	Flat
£1,850	04/25	0.36 mi	-	2	Terraced House
£1,500	01/25	0.37 mi	-	2	Flat
£1,500	02/24	0.38 mi	-	2	Flat
£1,500	02/24	0.38 mi	-	2	Flat
£1,500	03/24	0.38 mi	-	2	Flat
£1,500	12/24	0.38 mi	-	2	Flat
£1,620	12/24	0.38 mi	Birchend Close, South Croydon	2	Flat

Local Area Statistics

Population in CR2	48,42748,427
Town centre distance	1.28 miles away1.28 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.24 miles away0.24 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 £345,000

February 27, 2025

Floor Plans

Description

Luxury Apartment +
Pretty Development +
Two Bedrooms +
En-Suite Bathroom +
Bigger than Average +
Modern Separate Kitchen +
Gated Off Road Parking +
Under Floor Heating +
No Chain +
Call us Now! +

FANTASTIC DELUXE APARTMENT IN A MODERN DEVELOPEMNT NEAR SOUTH CROYDON STATION AND TRAM STOP!
The property affords luxurious proportions not typically found in modern build properties. Comprising an entrance hall, large reception and French doors onto balcony, a beautifully spacious fitted kitchen/breakfast room with appliances including a dishwasher, master bedroom with en-suite shower room/wc, a second double bedroom, and a full bathroom/wc, the property also benefits from a good amount of built in storage space, underfloor heating, cost effective energy bills, long lease and no chain!

Externally there are well kept communal areas and gardens, as well as private allocated parking behind secure electric gates.

The shops, bars and restaurants of South Croydon, and open spaces like Lloyd Park are all a short walk away. South Croydon station, Tramlink and regular bus services to East Croydon are all close at hand making this the perfect property for investment or as a first time buy.

Call Martin & Co now for an appointment to view!

Agent Details

Martin & Co, Croydon

020 8688 8565

Next Steps?

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

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