2 Bed Flat, Planning Permission, Croydon, CR0 7NN, £255,000

Orchard Way, Croydon, CR0 7NN - 5 views - a month ago

Leasehold
Planning
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£215K - £490K
Sold Prices/m²£3.7K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£316,200
BMV24%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£14,200

Total Cash In

£77,950

 

 

Cash Out

 

Rent Range

£1,400 - £2,000

Rent Estimate

£1,600

Running Costs/mo

£1,137

Cashflow/mo

£463

Cashflow/yr

£5,558

ROI

7%

Gross Yield

8%

Local Sold Prices

22 sold prices from £215K to £490K, average is £337.5K. £3.7K/m² to £6.3K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£490K06/210.29 mi101, Tower View, Croydon, Greater London CR0 7PZ2
£350K02/230.43 mi8, Parkfields, Croydon, Greater London CR0 8DH2
£315K03/210.51 mi74, Cheston Avenue, Croydon, Greater London CR0 8DB2
£292K01/210.51 mi38, Cheston Avenue, Croydon, Greater London CR0 8DB2
£320K11/200.51 mi113, Cheston Avenue, Croydon, Greater London CR0 8DF2
£340K02/230.53 mi140, Cheston Avenue, Croydon, Greater London CR0 8DD2
£345K04/210.56 mi435, Wickham Road, Croydon, Greater London CR0 8DQ2
£215K02/210.57 mi425, Wickham Road, Croydon, Greater London CR0 8DQ2
£315K04/230.71 miFlat 1, Devonshire Court, Wickham Road, Croydon, Greater London CR0 8EA2
£370K08/230.73 mi72, Shirley Crescent, Beckenham, Greater London BR3 4AZ2
£400K07/220.8 mi60, Chamberlain Crescent, West Wickham, Greater London BR4 0LL2
£250K02/230.8 miFlat 16, Crittenden Lodge, Pond Cottage Lane, West Wickham, Greater London BR4 0QD2
£267K01/230.83 mi152, Longheath Gardens, Croydon, Greater London CR0 7TQ2
£365K06/210.89 miFlat 61, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ2
£335K05/220.89 miFlat 3, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ2
£347.5K04/230.89 miFlat 62, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ2
£355K01/210.89 miFlat 52, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ2
£360K05/210.91 miFlat 26, Riverside Walk, The Alders, West Wickham, Greater London BR4 9PZ2
£395K11/220.94 miFlat 20, Sherwood Court, High Street, West Wickham, Greater London BR4 0NB2
£270K08/230.94 mi60, Manning Gardens, Croydon, Greater London CR0 7DU2
£265K11/200.94 mi39, Manning Gardens, Croydon, Greater London CR0 7DU2
£280K02/210.94 mi66, Manning Gardens, Croydon, Greater London CR0 7DU2

Local Rents

13 rents from £1.4K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80012/230.18 mi-2
£1,65012/240.34 miWatlings Close Croydon CR02
£1,85001/250.48 mi-2
£1,85003/250.48 mi-2
£1,60012/240.49 miCheston Avenue, Shirley, Croydon, CR0 8DD2
£2,00012/240.49 miBrookside Way, Shirley, CR02
£1,40004/240.5 mi-2
£1,80012/240.52 miCheston Avenue, Croydon, CR0 8DD2
£1,70012/240.53 miCheston Avenue, Shirley, CR02
£1,64503/240.55 mi-2
£1,70012/240.57 miKingcup Close, Shirley Oaks Village2
£1,60003/240.61 mi-2
£1,80012/240.62 miBasil Gardens, Croydon, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £255,000

March 12, 2025

Floor Plans

Description

  • Guide Price: £255,000 - £275,000 +
  • Fantastic Transport Links +
  • Amenities On Your Doorstep +
  • Beautiful Local Green Spaces +
  • Excellent Local Schools +
  • Great Investment Opportunity +
  • Separate Private Garage +
  • Viewings Seven Days A Week Including Bank Holidays! +

Situated in the vibrant area of Shirley, this two-bedroom apartment on Orchard Way provides a fantastic opportunity for those seeking a cost-effective entry into the property market. The apartment covers a functional 768 sq ft, offering ample space for comfortable living.

Croydon is well-known for its excellent transport links, providing easy access to central London and beyond. Shirley has access into East Croydon Station (Zone 5, London Bridge approx 15 mins) via tram or the new superloop bus! The area offers a diverse range of amenities including a stones throw from a plethora of local amenities, Beautiful green spaces, and local supermarkets, making it a convenient and lively place to reside. Families will appreciate the proximity to reputable schools in the area, enhancing the appeal of this location.

This property is ideal for those looking to invest wisely without compromising on location or convenience. With its competitive pricing, it represents an excellent opportunity in a growing market. Act quickly to secure this apartment and enjoy all that Croydon has to offer.

Material Information
Local Authority: London Borough of Croydon
Utilities at Property: Gas, electricity & water
Parking: On street parking
Rights: No
Restrictive Covenants: No
Live Planning Permission: No
Known Damp/Flooding Issues: No
Known Cladding/Construction Issues: No

Agent Details

Laurels, London & Prime

020 3856 8039

Next Steps?

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