2 Bed Bungalow, Refurb/BRRR, South Croydon, CR2 8QA, £550,000
Lynne Close, South Croydon, Surrey, CR2 8QA - 4 views - 2 months ago
Refurb/BRRR
~68 m²





+10 photos
ValuationOvervalued
Sold Prices | £310.5K - £680K |
Sold Prices/m² | £3.3K/m² - £8.6K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £8.1K/m² |
Value Estimate | £378,394 |
| |
End Value (After Refurb) | £515,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £137,500 |
Stamp Duty & Legal Fees | £43,700 |
Refurb Costs | £36,043 |
Bridging Loan Interest | £14,438 |
Total Cash In | £233,430 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £515,000 |
Mortgage (After Refinance) | £386,250 |
Mortgage LTV | 75% |
Cash Left In | £233,430 |
Equity | £128,750 |
Rent Range | £1,399 - £2,095 |
Rent Estimate | £1,758 |
Running Costs/mo | £1,981 |
Cashflow/mo | £-223 |
Cashflow/yr | £-2,676 |
Gross Yield | 4% |
Local Sold Prices
22 sold prices from £310.5K to £680K, average is £375K. £3.3K/m² to £8.6K/m², average is £6K/m².
Local Rents
11 rents from £1.4K/mo to £2.1K/mo, average is £1.6K/mo.
Local Area Statistics
Population in CR2 | 48,427 |
Town centre distance | 0.88 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.18 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | -35% |
Sales demand | Balanced market |
Capital growth (5yrs) | +11% |
Property History
Listed for £550,000
February 28, 2025
Floor Plans

Description
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