3 Bed Detached House, Refurb/BRRR, South Croydon, CR2 6BZ, £550,000

Hamond Close, South Croydon, CR2 6BZ - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£212.7K - £808K
Sold Prices/m²£2.6K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£470,471

 

 

End Value (After Refurb)

£513,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£49,214

Bridging Loan Interest

£14,438

Total Cash In

£246,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£513,750

Mortgage (After Refinance)

£385,313

Mortgage LTV

75%

Cash Left In

£246,601

Equity

£128,438

Rent Range

£1,700 - £2,800

Rent Estimate

£2,198

Running Costs/mo

£2,065

Cashflow/mo

£133

Cashflow/yr

£1,595

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £212.7K to £808K, average is £480K. £2.6K/m² to £6.1K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£450K03/210.01 mi19, Hamond Close, South Croydon, Greater London CR2 6BZ3
£550K04/210.11 mi2, Wyndhurst Close, South Croydon, Greater London CR2 6EP3
£530K03/210.14 mi42, Mount Park Avenue, South Croydon, Greater London CR2 6DG3
£527.5K02/210.19 mi66, Mount Park Avenue, South Croydon, Greater London CR2 6DJ3
£550K03/210.26 mi98, Kingsdown Avenue, South Croydon, Greater London CR2 6QH3
£512.5K06/230.29 mi25, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£529.7K02/230.29 mi27, Kingsdown Avenue, South Croydon, Greater London CR2 6QG3
£450K11/220.31 mi15, Biddulph Road, South Croydon, Greater London CR2 6QA3
£436K01/210.31 mi21, Biddulph Road, South Croydon, Greater London CR2 6QA3
£475K01/210.33 mi70, Churchill Road, South Croydon, Greater London CR2 6HB3
£395K01/210.33 mi92, Churchill Road, South Croydon, Greater London CR2 6HB3
£551K08/230.35 mi43, Montpelier Road, Purley, Greater London CR8 2QF3
£480K02/230.36 mi111, Churchill Road, South Croydon, Greater London CR2 6HF3
£515K11/220.38 mi388, Brighton Road, South Croydon, Greater London CR2 6AL3
£475.5K08/210.39 mi10, Grange Road, South Croydon, Greater London CR2 0NA3
£464K12/200.39 mi30, Grange Road, South Croydon, Greater London CR2 0NA3
£475K06/230.39 mi32, Grange Road, South Croydon, Greater London CR2 0NA3
£465K03/210.4 mi51, Churchill Road, South Croydon, Greater London CR2 6HE3
£400K06/210.41 mi108, Grange Road, South Croydon, Greater London CR2 0NB3
£450K03/230.41 mi66, Grange Road, South Croydon, Greater London CR2 0NB3
£470K12/200.42 mi15, Grange Road, South Croydon, Greater London CR2 0NE3
£418K07/210.42 mi121, Grange Road, South Croydon, Greater London CR2 0NF3
£487.5K11/210.42 mi69, Grange Road, South Croydon, Greater London CR2 0NF3
£510K05/230.43 mi8, Brantwood Road, South Croydon, Greater London CR2 0ND3
£416K04/210.44 mi38, Braemar Avenue, South Croydon, Greater London CR2 0QA3
£427K06/210.44 mi7b, Marlborough Road, South Croydon, Greater London CR2 6JD3
£429.8K05/230.48 mi91, Purley Park Road, Purley, Greater London CR8 2BW3
£355K06/210.5 mi42, Nicola Close, South Croydon, Greater London CR2 6NB3
£395K12/200.5 mi26, Nicola Close, South Croydon, Greater London CR2 6NB3
£212.7K01/210.5 mi1, Vauxhall Gardens, South Croydon, Greater London CR2 6JR3
£430K05/210.51 mi48, Sanderstead Road, South Croydon, Greater London CR2 0PA3
£500K08/210.51 mi9, St Denys Close, Purley, Greater London CR8 2NU3
£400K09/210.53 mi5, Nicola Close, South Croydon, Greater London CR2 6NA3
£350K01/210.53 mi41, Nicola Close, South Croydon, Greater London CR2 6NA3
£480K07/230.53 mi11, Derrick Avenue, South Croydon, Greater London CR2 0QL3
£585K12/220.53 mi14, Norman Avenue, South Croydon, Greater London CR2 0QE3
£480K05/210.54 mi3, Avondale Road, South Croydon, Greater London CR2 6JE3
£540K04/210.55 mi51, Purley Park Road, Purley, Greater London CR8 2BU3
£525K05/210.55 mi2, Purley Oaks Road, South Croydon, Greater London CR2 0NP3
£675K11/200.57 mi38, Russell Green Close, Purley, Greater London CR8 2NR3
£550K12/220.57 mi46, Purley Park Road, Purley, Greater London CR8 2BS3
£575K03/210.57 mi56, Purley Park Road, Purley, Greater London CR8 2BS3
£808K11/220.57 mi8, Hereward Avenue, Purley, Greater London CR8 2NN3
£642.5K06/210.58 mi15, Hereward Avenue, Purley, Greater London CR8 2NN3
£660K01/210.58 mi11, Hereward Avenue, Purley, Greater London CR8 2NN3
£590K03/210.58 mi25, Hereward Avenue, Purley, Greater London CR8 2NN3
£595K05/210.58 mi50, Kendall Avenue South, South Croydon, Greater London CR2 0QQ3
£670K12/220.58 mi10, Kendall Avenue South, South Croydon, Greater London CR2 0QQ3
£445K05/210.6 mi873, Brighton Road, Purley, Greater London CR8 2BN3
£600K12/220.61 mi79, Grasmere Road, Purley, Greater London CR8 1DZ3

Local Rents

21 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,05801/250.12 mi-3
£2,20003/250.12 mi-3
£2,30004/250.12 mi-3
£2,15012/240.18 miPampisford road, CR23
£2,65803/250.24 mi-3
£2,00012/240.35 miMontpelier Road 3
£2,70412/240.4 miTen Degrees, Croydon, CR03
£2,10004/250.43 mi-3
£1,85002/250.45 mi-3
£2,30004/250.45 mi-3
£2,30004/250.45 mi-3
£2,30004/250.45 mi-3
£2,30004/250.45 mi-3
£2,00004/250.46 mi-3
£2,15012/240.51 miPennine Court, Croydon, CR03
£2,15012/240.51 miPennine Court, Croydon, CR03
£2,15003/240.51 mi-3
£1,70012/240.55 miAvondale Road, SOUTH CROYDON3
£2,35001/250.58 mi-3
£2,80002/250.6 mi-3
£1,85012/240.6 miKendall Avenue3

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £550,000

March 3, 2025

Floor Plans

Description

  • Exclusive To Frost Estate Agents +
  • CHAIN FREE +
  • Link Detached Three Bedroom House +
  • Garage and Parking +
  • Family Bathroom, En-Suite, and Downstairs WC +
  • EPC Rating: TBC +
  • Requiring Modernisation +

Three Bedroom Link-Detached Home Requiring Modernisation – Cul-de-Sac Location - CHAIN FREE

Nestled in a peaceful cul-de-sac, this generously proportioned three-bedroom link-detached home presents an exciting opportunity for buyers seeking a property to modernise and personalise to their taste. The ground floor features an entrance lobby with an adjoining WC, a front reception room, and a spacious kitchen/dining room leading to a bright conservatory that overlooks the rear garden.

Upstairs, there are three well-proportioned bedrooms, including a principal bedroom with an en-suite shower room, and a family bathroom. Outside, the property benefits from an attached garage, off-street parking to the front, and a rear garden with side access. Offered with plenty of scope to add value, this home is ideal for those looking to make their own mark on a property in a desirable and family-friendly setting.

Hamond Close is conveniently located 0.5 miles from Purley Oaks train station, 0.7 miles from Sanderstead train station, and approximately one mile from Purley mainline station & town centre. Bus services to Croydon and Purley Town centres run on Pampisford Road, just a short stroll away, The Purley Way is a also close at hand which offers a host of major shopping brands, superstores, supermarkets, Ikea, and entertainment facilities.

Agent Details

Frost Estate Agents, Purley

020 8660 8228

Next Steps?

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