4 Bed Flat, Single Let, South Croydon, CR2 6PR, £380,000

Drovers Road, SOUTH CROYDON, Surrey, CR2 6PR - a month ago

Leasehold
BTL
ROI: 2%
~129 m²
+7 photos

ValuationUndervalued

Sold Prices£275K - £411K
Sold Prices/m²£2.3K/m² - £8.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£454,448
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£26,700

Total Cash In

£121,700

 

 

Cash Out

 

Rent Range

£1,700 - £8,333

Rent Estimate

£1,794

Running Costs/mo

£1,566

Cashflow/mo

£228

Cashflow/yr

£2,732

ROI

2%

Gross Yield

6%

Local Sold Prices

4 sold prices from £275K to £411K, average is £381.5K. £2.3K/m² to £8.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£390K10/202.21 mi11b, Clarendon Road, Wallington, Greater London SM6 8QX4
£373K07/212.21 mi25b, Clarendon Road, Wallington, Greater London SM6 8QX4
£275K05/212.22 mi3, Bridge Road, Wallington, Greater London SM6 8TG4
£411K03/232.55 mi41, Lavender Road, Carshalton, Greater London SM5 3EF4

Local Rents

50 rents from £1.7K/mo to £8.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£8,33312/240.09 mi-9
£2,07004/250.12 mi-3
£1,80012/240.19 miSunnynook Gardens, Croydon, CR23
£3,50004/250.21 mi-4
£1,85012/240.22 miSt. Peters Road, Croydon, CR03
£2,00003/240.22 mi-3
£2,67511/240.22 mi-4
£2,30012/240.23 mi-3
£4,00012/240.24 miDornton Road, South Croydon, CR26
£4,00012/240.24 miDornton Road5
£4,00012/240.26 miDornton Road, South Croydon, CR25
£1,80012/240.26 miJarvis Road, South Croydon3
£4,80001/250.27 mi-5
£1,80012/240.27 miJarvis Road, South Croydon3
£2,60002/250.29 mi-4
£2,60012/240.29 miBrighton Road, South Croydon, CR24
£2,44903/250.29 mi-3
£2,50012/240.3 mi-4
£2,20012/240.33 miChelsham Road, South Croydon, CR23
£2,20012/240.33 mi-3
£2,35001/250.35 mi-3
£2,20003/240.35 mi-4
£2,20003/240.35 mi-4
£2,20012/240.35 miTemple Road, London, CR04
£2,20012/240.36 miSouth Park Hill Road, SOUTH CROYDON3
£3,20012/240.39 miBirdhurst Gardens, South Croydon, Surrey, CR25
£1,75001/250.4 mi-3
£1,70012/240.42 miAvondale Road, SOUTH CROYDON3
£1,75012/240.44 miTanfield Road, Croydon, CR03
£3,90003/250.47 mi-5
£1,90012/240.48 miCampion Close, Croydon, CR03
£1,90012/240.48 mi-3
£2,50012/240.48 mi-3
£2,50001/250.48 mi-4
£1,90012/240.48 miCampion Close, Croydon, Surrey, CR03
£3,29002/240.48 mi-5
£2,28012/240.5 miMasons Avenue, Central Croydon, Croydon, CR03
£2,15003/240.5 mi-3
£2,15012/240.5 miPennine Court, Croydon, CR03
£2,15012/240.5 miPennine Court, Croydon, CR03
£1,85012/240.51 miMulgrave Road, Croydon3
£2,50001/250.52 mi-4
£2,25012/240.52 miDenning Avenue, Croydon, CR03
£2,50012/240.52 mi-4
£2,50012/240.52 miCroham Road, South Croydon, CR24
£2,22512/240.52 miSouthbridge Road, Croydon, CR03
£2,40002/240.53 mi-3
£2,40012/240.53 miWandle Road, Croydon, CR03
£4,00002/250.54 mi-5
£2,20012/240.56 miEdridge Road, CR03

Local Area Statistics

Population in CR2

48,427

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £380,000

March 5, 2025

Floor Plans

Description

This beautifully refurbished 4-bedroom split-level flat on Drovers Road in South Croydon offers a contemporary and stylish living space in excellent condition.
Spread across two levels, the property provides generous space for comfortable living. It features four well-proportioned bedrooms, with the master benefiting from plenty of natural light, plus a modern family bathroom and an additional bathroom located on the second floor.
Tastefully updated throughout, the flat boasts high-quality finishes and meticulous attention to detail, making it ready to move into with no further work required. An added bonus is the off-street parking, a rare and valuable feature in this sought-after location.
With low maintenance fees, this property is an attractive option for first-time buyers or investors. Situated on Drovers Road, it offers convenient access to transport links, local amenities, and green spaces, making it an ideal choice for those seeking both convenience and tranquillity.
Overall, this is a fantastic opportunity to acquire a well-maintained, spacious flat in a desirable area, perfect for those looking for a turnkey home.

Agent Details

Mann, Croydon

020 3870 2869

Next Steps?

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