2 Bed Terraced House, Refurb/BRRR, Croydon, CR0 3EH, £320,000

Boston Road, Croydon, CR0 3EH - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~82 m²
+4 photos

ValuationFair Value

Sold Prices£290K - £460K
Sold Prices/m²£4.1K/m² - £7.5K/m²

 

 

Square Metres

~81.66 m²
Price/m²£3.9K/m²

Value Estimate

£323,200

 

 

End Value (After Refurb)

£381,080

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£23,200

Refurb Costs

£43,161

Bridging Loan Interest

£8,400

Total Cash In

£156,511

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£381,080

Mortgage (After Refinance)

£285,810

Mortgage LTV

75%

Cash Released

£45,810

Cash Left In

£110,701

Equity

£95,270

Rent Range

£1,400 - £2,503

Rent Estimate

£1,725

Running Costs/mo

£1,556

Cashflow/mo

£169

Cashflow/yr

£2,030

ROI

1%

Gross Yield

6%

Local Sold Prices

45 sold prices from £290K to £460K, average is £345K. £4.1K/m² to £7.5K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£300K03/210.14 mi43, Boston Road, Croydon, Greater London CR0 3EG2
£345K02/230.17 mi124, Stanley Road, Croydon, Greater London CR0 3QB2
£380K01/230.19 mi141, Stanley Road, Croydon, Greater London CR0 3QF2
£330K01/230.21 mi201, Thornton Road, Thornton Heath, Greater London CR7 6BH2
£350K11/210.26 mi15, Aurelia Gardens, Croydon, Greater London CR0 3BD2
£300K02/210.33 mi51, Wentworth Road, Croydon, Greater London CR0 3HY2
£338K02/230.33 mi22, Limpsfield Avenue, Thornton Heath, Greater London CR7 6BE2
£400K06/230.33 mi51, Ringwood Avenue, Croydon, Greater London CR0 3DT2
£290K05/210.33 mi111, Ockley Road, Croydon, Greater London CR0 3DS2
£390K10/210.37 mi3, Effingham Road, Croydon, Greater London CR0 3NF2
£326K12/200.39 mi73, Sutherland Road, Croydon, Greater London CR0 3QL2
£310K03/210.39 mi113, Sutherland Road, Croydon, Greater London CR0 3QL2
£290K12/200.42 mi122, Kelvin Gardens, Croydon, Greater London CR0 4US2
£405K08/210.43 mi57, Rochford Way, Croydon, Greater London CR0 3AJ2
£325K11/200.45 mi128, Franklin Way, Croydon, Greater London CR0 4UW2
£325K11/200.49 mi76, Addington Road, Croydon, Greater London CR0 3LU2
£350K06/210.56 mi40, Sumner Road, Croydon, Greater London CR0 3LJ2
£347K02/210.63 mi143, Sumner Road South, Croydon, Greater London CR0 3LY2
£315K06/210.64 mi102, Mitcham Road, Croydon, Greater London CR0 3RJ2
£305K11/200.64 mi87, Lakehall Road, Thornton Heath, Greater London CR7 7EJ2
£385K02/210.64 mi166, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£301K03/230.64 mi132, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£425K05/230.68 mi94, Colliers Water Lane, Thornton Heath, Greater London CR7 7LB2
£425K07/230.71 mi6, Woodland Road, Thornton Heath, Greater London CR7 7LP2
£332.5K02/210.71 mi28, Haslemere Road, Thornton Heath, Greater London CR7 7BE2
£390K09/210.72 mi6, Maplethorpe Road, Thornton Heath, Greater London CR7 7LY2
£400K12/220.72 mi27, Lakehall Road, Thornton Heath, Greater London CR7 7EG2
£290K05/210.74 mi254, Bensham Lane, Thornton Heath, Greater London CR7 7EP2
£350K06/210.76 mi42, Beverstone Road, Thornton Heath, Greater London CR7 7LT2
£300K04/230.8 mi285, Bensham Lane, Thornton Heath, Greater London CR7 7ER2
£315K04/230.89 mi43, Princess Road, Croydon, Greater London CR0 2QZ2
£365K03/230.89 mi80, Beulah Grove, Croydon, Greater London CR0 2QW2
£340K03/230.91 mi9, Willis Road, Croydon, Greater London CR0 2XX2
£420K02/230.91 mi67, Derby Road, Croydon, Greater London CR0 3SF2
£330K08/210.91 mi30, Theobald Road, Croydon, Greater London CR0 3RN2
£350K03/230.93 mi90, Winterbourne Road, Thornton Heath, Greater London CR7 7QU2
£352K04/230.94 mi16, Ainsworth Road, Croydon, Greater London CR0 3SH2
£315K09/210.95 mi25, Union Road, Croydon, Greater London CR0 2XU2
£460K01/230.95 mi144, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£391K06/210.95 mi156, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£350K07/230.96 mi32, Westfield Road, Croydon, Greater London CR0 3RH2
£345K08/230.96 mi26, Westfield Road, Croydon, Greater London CR0 3RH2
£300K02/230.98 mi96, Winterbourne Road, Thornton Heath, Greater London CR7 7QW2
£325K07/230.99 mi15, Cornwall Road, Croydon, Greater London CR0 3RD2
£350K04/230.99 mi6, St Stephens Crescent, Thornton Heath, Greater London CR7 7NP2

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.05 miMarden Crescent, Croydon, CR02
£1,80012/240.06 miMarden Road 2
£1,75012/240.07 miMarden Crescent, Croydon, CR02
£1,75012/240.07 miMarden Crescent, Croydon, CR02
£1,80003/250.15 mi-2
£1,80003/240.16 miThornton Road, Thornton Heath, CR72
£1,70012/240.18 miMitcham Road2
£1,70012/240.18 miMitcham Road2
£1,85003/250.19 mi-2
£1,60001/250.21 mi-2
£1,70003/250.23 mi-2
£1,70003/250.24 mi-2
£1,70003/250.24 mi-2
£1,80012/240.26 mi-2
£1,70002/240.3 mi-2
£1,60003/240.32 miFiveacre Close, Thornton Heath2
£2,10012/240.35 miOckley Road, Croydon, CR02
£2,00012/240.35 mi-2
£1,55012/240.35 miLondon Road, Croydon, CR02
£1,65003/240.39 miGonville RoadThornton HeathSurrey2
£1,65003/240.39 miGonville RoadThornton HeathSurrey2
£2,50303/250.39 mi-2
£2,27503/250.39 mi-2
£1,67504/250.4 mi-2
£1,55002/250.41 mi-2
£1,69504/250.41 mi-2
£1,70012/240.41 miMitcham Road, Croydon, CR02
£1,70012/240.41 miKelvin Gardens, Croydon, Surrey, CR02
£1,75001/250.42 mi-2
£1,75012/240.42 miPemdevon Road, Croydon, CR02
£1,75012/240.42 miPemdevon, CR02
£1,70012/240.45 miDennett Road, Croydon, CR02
£1,52503/250.45 mi-2
£1,45012/240.45 mi-2
£1,60012/240.46 mi-2
£1,50012/240.46 mi-2
£1,60004/250.46 mi-2
£2,35002/250.46 mi-2
£1,67512/240.48 miLondon Road, Croydon, CR02
£1,62503/250.49 mi-2
£1,51702/250.5 mi-2
£1,50002/240.5 mi-2
£1,60004/240.53 miLondon Road, Thornton Heath, CR72
£1,60012/240.54 miBensham Lane, Croydon, CR02
£1,85002/250.54 mi-2
£1,40012/240.57 miFrancis Road, Croydon2
£1,77503/240.57 mi-2
£1,50012/240.57 miFrancis Road, Croydon, CR02
£1,70012/240.58 miSumner Road, CR02
£1,70012/240.58 miSumner Road, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.46 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 £320,000

March 4, 2025

Floor Plans

Description

  • Mid-terrace +
  • Two-bedrooms +
  • No chain +
  • Two receptions +
  • Close by to Croydon University Hospital +

SUMMARY
Charming Two-Bedroom Home in Need of Modernisation - No Onward Chain

DESCRIPTION
Nestled in a sought-after location in Croydon, this charming two-bedroom property presents an excellent opportunity for buyers looking to add their own touch.

Upon arrival, a welcoming porch leads into the hallway, giving access to two spacious living rooms, one featuring a characterful fireplace for added charm. Towards the rear, an L-shaped kitchen offers ample potential, complemented by a separate toilet, shower room, and a convenient utility space.

Upstairs, two generously sized double bedrooms benefit from an abundance of natural light.

Additional advantages include a private rear garden, no onward chain, and a fantastic location with excellent transport links and local amenities nearby. The property is situated very close to Croydon University Hospital, walkable distance to Croydon town centre and a short drive to Purley Way which has, among others, IKEA, Marks and Spencer's and TK Maxx.

Ideal for those looking to renovate and create a beautiful home tailored to their taste.

Agents Note  
'The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.'

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Thornton Heath

020 3835 3547

Next Steps?

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