2 Bed Flat, Refurb/BRRR, London, SE25 6UT, £110,000

Flat 3, 20 St Mary's Road, South Norwood, Croydon, SE25 6UT - 17 views - 20 days ago

Leasehold
Auction
Refurb/BRRR
ROI: 8%
~68 m²
+4 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£36,033

Bridging Loan Interest

£2,888

Total Cash In

£74,870

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£269,853

Agent Fees (1%)

£2,699

Bridging Loan

£82,500

Bridging Loan Interest

£2,888

Flip Profit

£109,784













Local Rents

47 rents from £999/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,80008/240.05 mi-2
£1,50008/240.06 miWhitehorse Lane, London, SE252
£1,69508/240.08 mi-2
£2,00008/240.08 miWhitehorse Lane, London, SE252
£1,60009/240.14 mi-2
£99908/240.16 miWhitworth Road, South Norwood, SE252
£1,60008/240.17 mi76 Whitworth Road, London, SE252
£2,00008/240.19 miWhitehorse Lane, South Norwood2
£1,65003/250.19 mi-2
£1,65003/250.19 mi-2
£1,69003/250.2 mi-2
£1,65009/240.2 mi-2
£1,65008/240.2 miPierrepoint, London, SE252
£2,00008/240.2 mi-2
£1,90008/240.24 mi-2
£1,80008/240.24 mi-2
£1,50009/240.24 mi-2
£1,50008/240.24 miWhitworth Road, London, SE252
£1,60008/240.25 mi-2
£1,65008/240.25 mi-2
£1,70003/250.25 mi-2
£1,60008/240.26 miFlat B, Oliver Avenue, South Norwood, SE252
£1,85008/240.26 miBROSTER GARDENS, LONDON, SE25, South Norwood, London, SE252
£2,50008/240.26 mi-2
£1,85008/240.26 miBroster Gardens London SE252
£1,79511/230.27 miBroster Gardens, South Norwood, SE252
£2,30008/240.27 mi-2
£1,30008/240.27 mi-2
£1,70010/240.28 mi-2
£1,62508/240.3 miThirsk Road, London2
£1,85008/240.3 miHolmesdale Road, South Norwood2
£1,40008/240.31 miClifton Road, London, SE252
£2,25008/240.31 mi-2
£1,65008/240.31 miHolmesdale Close London SE252
£2,30002/250.33 mi-2
£1,90008/240.34 mi-2
£1,70008/240.34 miClifton Road, London2
£1,40008/240.35 mi-2
£1,75012/240.35 mi-2
£1,70008/240.35 mi-2
£1,70008/240.36 mi-2
£1,62508/240.37 mi-2
£1,62508/240.37 miSouth Norwood Hill, London, SE252
£1,59503/240.37 mi-2
£1,59503/240.37 miLenham Road, Thornton Heath, CR72
£1,40008/240.37 miFarnley Road, LONDON2
£1,59508/240.37 miBoston Court, Selhurst Road, South Norwood, SE252

Local Area Statistics

Population in SE25

34,495

Population in London

4,771,921

Town centre distance

8.79 miles away

Nearest school

0.40 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £110,000

March 7, 2025

Description

LOT 16 FOR SALE BY ONLINE AUCTION on 26th March 2025

Six Week Completion or Earlier

Leasehold Flat Vacant Possession

Situated off Whitehorse Lane, close to local shopping/travelling facilities including Norwood Junction and Thornton Heath Train Stations. Grangewood Park is also nearby.

A Self-Contained First Floor Flat requiring modernisation with accommodation comprising:

Entrance Hall
Three Rooms
Kitchen/Diner
Shower Room/WC

Leasehold for a term of 125 years from 2nd March 2016 (thus having approximately 116 years unexpired) at a peppercorn ground rent.

Tenancy
Vacant Possession

EPC Rating
C

Council Tax Band
A

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Agent Details

McHugh & Co, London

020 3907 9877

Next Steps?

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