2 Bed Flat, Single Let, Croydon, CR0 2SW, £300,000

390 London Road, Croydon, CR0, CR0 2SW - 1 views - 23 days ago

Leasehold
BTL
ROI: 2%
123 m²
+10 photos

ValuationUndervalued

Sold Prices£195K - £346K
Sold Prices/m²£2.8K/m² - £6K/m²

 

 

Square Metres

123 m²
Price/m²£2.4K/m²

Value Estimate

£360,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,350

Rent Estimate

£1,438

Running Costs/mo

£1,245

Cashflow/mo

£193

Cashflow/yr

£2,315

ROI

2%

Gross Yield

6%

Local Sold Prices

26 sold prices from £195K to £346K, average is £283K. £2.8K/m² to £6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£286K05/230.1 mi46, Greenside Road, Croydon, Greater London CR0 3PL2
£255K03/230.18 mi69a, Greenside Road, Croydon, Greater London CR0 3PQ2
£290K07/230.31 mi125, Queens Road, Croydon, Greater London CR0 2PT2
£260K09/210.31 mi125a, Queens Road, Croydon, Greater London CR0 2PT2
£245K03/230.34 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£280K01/210.35 mi98, Eastney Road, Croydon, Greater London CR0 3TE2
£295K11/210.4 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£305K04/230.4 mi79, Onslow Road, Croydon, Greater London CR0 3NY2
£195K12/220.47 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£215K04/210.49 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£280K06/210.65 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£220K03/230.67 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£294K03/230.68 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£265K08/210.68 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£270K02/230.75 mi46, Kelvin Gardens, Croydon, Greater London CR0 4UR2
£270K01/230.84 mi181, Franklin Way, Croydon, Greater London CR0 4UX2
£256K06/210.85 mi139, Franklin Way, Croydon, Greater London CR0 4UX2
£320K12/220.87 miFlat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN2
£250K05/230.89 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£340K09/220.89 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£295K12/220.9 mi63b, Saxon Road, London, Greater London SE25 5EH2
£295K08/210.92 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£298K01/230.94 miFlat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT2
£290K10/210.94 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£346K01/210.96 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£296.5K03/210.97 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2

Local Rents

51 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,35002/250 mi-2
£1,67512/240.02 miLondon Road, Croydon, CR02
£1,60012/240.07 miBensham Lane, Croydon, CR02
£1,50002/240.1 mi-2
£1,77503/240.12 mi-2
£1,62503/250.13 mi-2
£1,55012/240.14 miLondon Road, Croydon, CR02
£1,50012/240.14 miFrancis Road, Croydon, CR02
£1,40012/240.15 miFrancis Road, Croydon2
£1,70002/240.18 mi-2
£1,47503/240.19 mi-2
£1,45012/240.19 mi-2
£1,45002/250.19 mi-2
£1,50012/240.21 miLondon Road Croydon CR02
£1,75012/240.21 miPemdevon Road, Croydon, CR02
£1,60003/240.22 miFiveacre Close, Thornton Heath2
£1,70003/250.22 mi-2
£1,70003/250.22 mi-2
£1,75012/240.24 miPemdevon, CR02
£1,70012/240.25 miDennett Road, Croydon, CR02
£1,70012/240.25 miSumner Road, CR02
£1,70012/240.25 miSumner Road, CR02
£1,80012/240.26 mi-2
£1,80012/240.26 miHandcroft Road, CR02
£1,60001/250.27 mi-2
£1,50012/240.28 miTwo bedroom flat to rent in Croydon2
£1,85002/250.28 mi-2
£1,65002/250.29 mi-2
£1,70003/250.3 mi-2
£1,70003/250.3 mi-2
£1,50012/240.3 mi-2
£1,45002/250.3 mi-2
£1,85003/250.3 mi-2
£1,60012/240.32 miLondon Road, Croydon2
£1,70003/240.32 mi-2
£1,90003/240.32 mi-2
£1,65001/250.32 mi-2
£1,90012/240.33 miKidderminster Road, Croydon2
£1,65012/240.33 mi-2
£1,65012/240.33 mi-2
£1,80003/250.33 mi-2
£1,90012/240.33 miKidderminster Road, Croydon, CR02
£1,70012/240.33 miKidderminster Road, Croydon2
£1,90012/240.33 miKidderminster Road, Croydon2
£1,70012/240.33 miKidderminster Road, CROYDON2
£1,70012/240.33 miKidderminster Road, CR02
£1,55002/250.33 mi-2
£1,40001/250.34 mi-2
£1,70012/240.36 miKidderminster Road, Croydon, CR02
£1,90012/240.36 miGrafton Quarter, Croydon, London, CR02
£1,70003/250.42 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £300,000

March 11, 2025

Floor Plans

Description

  • Well Presented Two Bedroom Purpose Built Flat +
  • Popular Modern Development +
  • Modern Interiors And Neutral Finish +
  • Bright And Spacious Reception Room +
  • Two Balconies +
  • Separate Well Equipped Kitchen +
  • Two En-Suites Plus Guest WC +
  • Secure Underground Allocated Parking +
  • No Chain +
  • Close To Transport Links And Amenities +

The Property
Well presented, two bedroom fifth floor purpose built flat with two balconies, secure underground allocated parking, and no chain. Ideally situated within easy reach of West Croydon station and all amenities. The property offers bright and spacious accommodation with modern interiors and neutral finish throughout - ideal for homeowner or investor alike. Features include a generous reception room, separate well equipped kitchen, two en-suites, guest WC, ample inbuilt storage and communal hot water and heating; so no gas bills.

Accommodation comprises entrance hall with inbuilt storage, leading into the bright and spacious reception room with ample space for relaxing, entertaining and dining. The separate kitchen comprises a modern range of matching wall and base units with work surfaces incorporating inset sink unit, electric hob with overhead extractor and electric oven below, and further space for appliances. There are two well sized double bedrooms, each with en-suite facilities; one featuring a bath and the other with a shower.

The property is conveniently located close to a variety of local shops and amenities, as well as the site of Croydon University Hospital. West and East Croydon stations are also close-by offering excellent fast and frequent services into Central London, with numerous regular bus routes connecting the surrounding area. The area is well served by excellent local schools.

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Lease Information
108 years remaining on lease. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Service Charges
Service Charge £474.08 per month. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 01/11/2160

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Croydon

020 3840 3596

Next Steps?

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