3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 6HF, £425,000

Morland Road, Croydon, CR0 6HF - 3 views - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£340K - £585K
Sold Prices/m²£3.2K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£437,750
BMV3%

 

 

End Value (After Refurb)

£457,462

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£49,155

Bridging Loan Interest

£11,156

Total Cash In

£199,511

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£457,462

Mortgage (After Refinance)

£343,097

Mortgage LTV

75%

Cash Released

£24,347

Cash Left In

£175,165

Equity

£114,366

Rent Range

£1,700 - £2,600

Rent Estimate

£2,076

Running Costs/mo

£1,865

Cashflow/mo

£211

Cashflow/yr

£2,535

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £340K to £585K, average is £465K. £3.2K/m² to £7.1K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£475K05/230.06 mi85, Alderton Road, Woodside, Croydon, Greater London CR0 6HL3
£492K10/210.07 mi35, Alderton Road, Croydon, Greater London CR0 6HH3
£375.6K01/210.09 mi30, Dalmally Road, Croydon, Greater London CR0 6LS3
£465K01/210.11 mi11, Dalmally Road, Croydon, Greater London CR0 6LU3
£565K01/230.15 mi18, Coniston Road, Croydon, Greater London CR0 6LN3
£415K12/200.15 mi20, Davies Close, Croydon, Greater London CR0 6EX3
£495K01/230.16 mi51, Malcolm Road, London, Greater London SE25 5HE3
£465K03/230.16 mi53, Malcolm Road, London, Greater London SE25 5HE3
£467.5K11/200.16 mi47, Malcolm Road, London, Greater London SE25 5HE3
£495K12/210.17 mi7, Lindfield Road, Croydon, Greater London CR0 6HN3
£475K09/210.18 mi61, Teevan Road, Croydon, Greater London CR0 6RQ3
£420K07/230.2 mi38, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£495K03/210.2 mi2, Capri Road, Addiscombe, Croydon, Greater London CR0 6LE3
£585K01/230.21 mi42, Teevan Road, Croydon, Greater London CR0 6RN3
£495K07/230.21 mi22, Westbourne Road, Croydon, Greater London CR0 6HP3
£465K01/210.22 mi12, Addiscombe Avenue, Croydon, Greater London CR0 6LH3
£340K06/210.22 mi16e, Salisbury Road, London, Greater London SE25 5DU3
£400K12/200.22 mi68, Northway Road, Croydon, Greater London CR0 6JF3
£480K06/230.23 mi99, Northway Road, Croydon, Greater London CR0 6JJ3
£480K02/230.23 mi74, Woodside Court Road, Croydon, Greater London CR0 6RU3
£485.8K02/230.23 mi58, Woodside Court Road, Croydon, Greater London CR0 6RU3
£450K03/230.23 mi37, Highbarrow Road, Croydon, Greater London CR0 6LD3
£375K04/210.23 mi14, Laurier Road, Croydon, Greater London CR0 6JQ3
£425K07/230.23 mi24, Laurier Road, Croydon, Greater London CR0 6JQ3
£510K01/230.24 mi25, Westbourne Road, Croydon, Greater London CR0 6HQ3
£490K08/210.24 mi41, Teevan Road, Croydon, Greater London CR0 6RP3
£437.5K04/210.25 mi151, Dalmally Road, Croydon, Greater London CR0 6LZ3
£450K04/210.25 mi3, Blackhorse Lane, Croydon, Greater London CR0 6RT3
£500K10/210.27 mi15, Amberley Grove, Croydon, Greater London CR0 6ND3
£500K06/230.27 mi13, Stroud Road, London, Greater London SE25 5DR3
£444.5K06/210.27 mi9, Stroud Road, London, Greater London SE25 5DR3
£423.5K11/210.28 mi96, Capri Road, Addiscombe, Croydon, Greater London CR0 6LF3
£446K03/210.28 mi2, Blackhorse Lane, Croydon, Greater London CR0 6RS3
£440K01/230.28 mi13, Blackhorse Lane, Croydon, Greater London CR0 6RT3
£400K02/210.28 mi41, Dominion Road, Croydon, Greater London CR0 6JP3
£490K11/210.28 mi34, Dickensons Lane, London, Greater London SE25 5HS3
£490K01/210.28 mi53, Wydehurst Road, Croydon, Greater London CR0 6NJ3
£479K03/210.28 mi13, Wydehurst Road, Croydon, Greater London CR0 6NJ3
£417K02/230.3 mi95, Exeter Road, Croydon, Greater London CR0 6EL3
£467K02/210.32 mi34, Pagehurst Road, Croydon, Greater London CR0 6NR3
£430K06/210.33 mi9, Windermere Road, Croydon, Greater London CR0 6PP3
£485K01/230.33 mi30, Pagehurst Road, Croydon, Greater London CR0 6NR3
£435K09/210.34 mi4, Windermere Road, Croydon, Greater London CR0 6PP3
£440K03/230.35 mi64, Rymer Road, Croydon, Greater London CR0 6EE3
£555K01/230.36 mi73, Exeter Road, Croydon, Greater London CR0 6EL3
£420K09/210.37 mi81, Rymer Road, Croydon, Greater London CR0 6EF3
£435K11/200.38 mi570, Davidson Road, Croydon, Greater London CR0 6DG3
£495K04/230.39 mi54, Parkview Road, Addiscombe, Croydon, Greater London CR0 7DE3
£418K03/210.39 mi130, Woodside Green, London, Greater London SE25 5EW3
£450K12/200.41 mi161, Woodside Green, London, Greater London SE25 5HY3

Local Rents

50 rents from £1.7K/mo to £2.6K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20002/240.05 mi-3
£1,95012/240.08 miMorland Road, Addiscombe, CR03
£2,35003/250.15 mi-3
£2,25012/240.17 miNorthway Road, Addiscombe3
£2,00004/250.21 mi-3
£2,10001/250.22 mi-3
£2,20012/240.22 miNorthway Road, Croydon, CR03
£2,20012/240.23 miNorthway Road3
£1,98503/240.23 mi-3
£2,40004/250.23 mi-3
£2,25012/240.23 miBlackhorse Lane, Croydon, Surrey3
£2,20012/240.25 miNorthway Road, Croydon, CR03
£1,85004/250.26 mi-3
£2,00012/240.27 mi-3
£2,40012/240.27 mi-3
£2,30012/240.28 mi-3
£1,80012/240.28 miSundridge Road, Addiscombe, Croydon3
£1,80012/240.28 miSundridge Road, Addiscombe, Croydon3
£1,85012/240.29 miBeckford Road, Addiscombe, CR03
£2,30012/240.29 mi-3
£2,05012/240.32 miSundridge Road, Croydon, CR03
£1,75012/240.32 mi-3
£2,20012/240.33 miDavidson Road, Croydon, CR03
£2,35003/250.34 mi-3
£1,90012/240.35 miExeter Road, Addiscombe3
£2,60004/250.35 mi-3
£1,70012/240.35 mi-3
£1,90012/240.36 miExeter Road, Croydon, CR03
£2,00008/240.4 miBirchanger Road, South Norwood3
£1,75012/240.43 mi-3
£2,20012/240.44 miShirley Road, Croydon, CR03
£2,30004/250.46 mi-3
£2,20002/250.5 mi-3
£1,75003/250.5 mi-3
£2,00004/250.5 mi-3
£2,15012/240.53 miSutton Gardens, CROYDON3
£2,00012/240.53 miDavidson Road, Croydon, CR03
£2,20012/240.56 miCompton Road, Addiscombe, CR03
£2,10011/230.57 miTennison Road, London, SE253
£1,85008/240.58 mi-3
£2,40002/250.58 mi-3
£1,95012/240.58 miDavidson Road, Croydon, CR03
£1,95012/240.58 miDavidson Road, Croydon, CR03
£2,30012/240.58 miAlexandra Road, Croydon, CR03
£2,20008/240.59 mi-3
£2,10008/240.59 miSidney Road, London, SE253
£2,50012/240.59 miAlexandra Road, Croydon, CR03
£2,50012/240.59 miAlexandra Road, Croydon, CR03
£2,20008/240.59 miPercy Road London SE253
£1,95012/240.6 miDavidson Road, Croydon, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.07 miles away

Nearest school

0.30 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £425,000

March 7, 2025

Floor Plans

Description

  • Three Bedrooms +
  • In Need Of Modernisation +
  • Extended To Rear +
  • Spacious Throughout +
  • First Floor Family Bathroom +
  • Family Home +
  • Close To Excellent Transport Links +
  • Close To Amenities +
  • Council Tax Band D +
  • View Now! +

Looking for an opportunity to put your own stamp on a property? Look no further than this extended three bedroom terraced house in Addiscombe, Croydon. In need of modernisation, this spacious family home boasts a good sized reception room with a separate dining area, an extended kitchen / breakfast room, and a first floor bathroom. The property also features two double bedrooms and a single bedroom, offering plenty of space for a growing family.

Situated in a highly sought-after area, this property is conveniently located close to both Addiscombe and East Croydon, providing easy access to excellent transport links, amenities, shops, and schools. The rear garden offers outside space for relaxation or entertaining.

With a generous size, this property presents an exciting opportunity for potential buyers to create their dream home. Don't miss out on the potential this property has to offer - contact Cray & Norton today to arrange your appointment to view.

Predicted Broadband Speeds:

Basic: 13 Mbps
Superfast: 76 Mbps
Ultrafast: 1000 Mbps

Satellite / Fibre TV Availability to include BT, Sky & Virgin.

Cray & Norton, their clients and any joint agents give Notice that they have no authority to make or give any representations on warranties in relation to the property. Any statements on which a purchaser wishes to rely must be checked through their solicitor or conveyancers. These Particulars do not form part of any offer or contract and must not be relied upon as statements or representation of fact. Any areas, measurements, dimensions are approximate and must be independently verified. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has necessary Planning, Building Regulation or other Consents. We have not tested any appliances, services, facilities or equipment and Purchasers must satisfy themselves as to their adequacy and condition. We have not investigated Title, or the existence of any Covenants or other legal matters which may affect the property.

Croydon Estate Agent
Croydon Letting Agent
Quick House Sale

Agent Details

Cray & Norton Estate Agents, Croydon

020 3889 9177

Next Steps?

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