2 Bed Terraced House, Refurb/BRRR, Croydon, CR0 6HH, £400,000

Alderton Road , Addiscombe , CR0 6HH - 14 days ago

Refurb/BRRR

ROI: 1%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£300K - £460K
Sold Prices/m²	£4K/m² - £10.1K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£364,945£364,945

End Value (After Refurb)	£397,500£397,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£31,200£31,200
Refurb Costs	£36,000£36,000
Bridging Loan Interest	£10,500£10,500
Total Cash In	£179,450£179,450

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£397,500£397,500
Mortgage (After Refinance)	£298,125£298,125
Mortgage LTV	75%75%
Cash Left In	£179,450£179,450
Equity	£99,375£99,375
Rent Range	£1,450 - £2,200£1,450 - £2,200
Rent Estimate	£1,712
Running Costs/mo	£1,605£1,605
Cashflow/mo	£107£107
Cashflow/yr	£1,289£1,289
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £300K to £460K, average is £385K. £4K/m² to £10.1K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	12/20	0.02 mi	30, Alderton Road, Croydon, Greater London CR0 6HG	£4,620	92	2	Terraced House
£345K	12/20	0.06 mi	37, Northway Road, Croydon, Greater London CR0 6JG	£5,074	68	2	Terraced House
£355K	03/21	0.08 mi	34, Jesmond Road, Croydon, Greater London CR0 6JR	-	-	2	Terraced House
£392.5K	07/23	0.08 mi	54, Jesmond Road, Croydon, Greater London CR0 6JR	£5,304	74	2	Terraced House
£414.3K	12/20	0.11 mi	74, Dalmally Road, Croydon, Greater London CR0 6LT	£4,818	86	2	Terraced House
£422K	03/23	0.13 mi	71, Meadvale Road, Croydon, Greater London CR0 6JZ	-	-	2	Terraced House
£384.5K	03/21	0.13 mi	55, Meadvale Road, Croydon, Greater London CR0 6JZ	-	-	2	Terraced House
£400K	06/23	0.15 mi	13, Kemerton Road, Croydon, Greater London CR0 6JL	£4,598	87	2	Terraced House
£440K	08/21	0.15 mi	44, Dalmally Road, Croydon, Greater London CR0 6LS	£5,570	79	2	Terraced House
£431.6K	09/21	0.17 mi	16, Laurier Road, Croydon, Greater London CR0 6JQ	£6,961	62	2	Terraced House
£455K	01/23	0.21 mi	65, Coniston Road, Croydon, Greater London CR0 6LQ	£5,342	85	2	Terraced House
£395K	09/21	0.22 mi	62, Exeter Road, Croydon, Greater London CR0 6EJ	£4,952	80	2	Terraced House
£405K	07/23	0.22 mi	32, Dominion Road, Croydon, Greater London CR0 6JP	£4,355	93	2	Terraced House
£375K	04/21	0.22 mi	24, Dominion Road, Croydon, Greater London CR0 6JP	£5,282	71	2	Semi-Detached House
£400K	05/21	0.23 mi	71, Capri Road, Croydon, Greater London CR0 6LJ	£3,960	101	2	Terraced House
£390K	10/21	0.25 mi	31, Anthony Road, London, Greater London SE25 5HA	£4,333	90	2	Terraced House
£430K	07/22	0.27 mi	3, Elmers Road, London, Greater London SE25 5DS	£4,943	87	2	Semi-Detached House
£382.5K	03/23	0.27 mi	34, Elmers Road, London, Greater London SE25 5DS	£5,709	67	2	Terraced House
£360K	01/21	0.27 mi	34, Elmers Road, London, Greater London SE25 5DS	£5,373	67	2	Terraced House
£415K	10/21	0.27 mi	38, Woodside Court Road, Croydon, Greater London CR0 6RU	£5,812	71	2	Semi-Detached House
£350K	06/21	0.29 mi	44, Coe Avenue, London, Greater London SE25 5HW	-	-	2	Terraced House
£362K	06/21	0.29 mi	10, Salisbury Road, London, Greater London SE25 5DU	£5,746	63	2	Terraced House
£395K	04/23	0.3 mi	45, Rymer Road, Croydon, Greater London CR0 6EF	£5,809	68	2	Terraced House
£340K	02/21	0.3 mi	9, Dickensons Place, London, Greater London SE25 5HL	£4,416	77	2	Terraced House
£370K	04/21	0.32 mi	80, Edward Road, Croydon, Greater London CR0 6DY	£5,211	71	2	Terraced House
£409K	03/23	0.32 mi	34, Edward Road, Croydon, Greater London CR0 6DY	£5,177	79	2	Terraced House
£420K	05/23	0.33 mi	13, Edward Road, Croydon, Greater London CR0 6DZ	£6,269	67	2	Terraced House
£450K	04/23	0.33 mi	49, Edward Road, Croydon, Greater London CR0 6DZ	£5,665	79	2	Terraced House
£345K	11/20	0.34 mi	20, Stroud Road, London, Greater London SE25 5DR	£5,847	59	2	Terraced House
£453K	01/23	0.37 mi	220, Davidson Road, Croydon, Greater London CR0 6DF	£5,090	89	2	Semi-Detached House
£400K	02/21	0.37 mi	220, Davidson Road, Croydon, Greater London CR0 6DF	£4,494	89	2	Semi-Detached House
£340K	12/20	0.4 mi	42, Warren Road, Croydon, Greater London CR0 6PF	£6,415	53	2	Terraced House
£345K	02/21	0.41 mi	26, Warren Road, Croydon, Greater London CR0 6PE	£5,948	58	2	Terraced House
£345K	02/21	0.41 mi	26, Warren Road, Croydon, Greater London CR0 6PE	£5,948	58	2	Terraced House
£385K	02/23	0.44 mi	178, Birchanger Road, London, Greater London SE25 5BQ	£7,000	55	2	Semi-Detached House
£380K	08/21	0.44 mi	89a, Woodside Road, London, Greater London SE25 5DP	£5,846	65	2	Terraced House
£385K	04/21	0.44 mi	85, Woodside Road, London, Greater London SE25 5DP	£5,532	70	2	Terraced House
£371K	04/23	0.51 mi	85, Davidson Road, Croydon, Greater London CR0 6DN	-	-	2	Terraced House
£400K	03/21	0.56 mi	71, Davidson Road, Croydon, Greater London CR0 6DL	£5,063	79	2	Semi-Detached House
£342K	07/23	0.57 mi	55, Ritchie Road, Croydon, Greater London CR0 7AW	£6,453	53	2	Terraced House
£347K	05/21	0.58 mi	47, Selhurst New Road, London, Greater London SE25 5PU	-	-	2	Terraced House
£460K	05/23	0.58 mi	58, Cobden Road, London, Greater London SE25 5NX	£4,742	97	2	Terraced House
£323K	11/21	0.58 mi	32, Ritchie Road, Croydon, Greater London CR0 7AU	£10,094	32	2	Terraced House
£365K	02/23	0.59 mi	10, Leslie Park Road, Croydon, Greater London CR0 6TN	£5,615	65	2	Terraced House
£320K	06/21	0.59 mi	25, Cobden Road, London, Greater London SE25 5NY	£6,531	49	2	Terraced House
£325K	01/21	0.6 mi	16, Ritchie Road, Croydon, Greater London CR0 7AU	£4,276	76	2	Terraced House
£342.5K	03/21	0.61 mi	9, St Lukes Close, London, Greater London SE25 4SX	£5,524	62	2	Terraced House
£400K	07/23	0.61 mi	9, St Lukes Close, London, Greater London SE25 4SX	£6,452	62	2	Terraced House
£401K	01/23	0.61 mi	22, St Lukes Close, London, Greater London SE25 4SX	-	-	2	Terraced House
£300K	10/21	0.62 mi	190a, Gloucester Road, Croydon, Greater London CR0 2DJ	£5,396	56	2	Terraced House

Local Rents

49 rents from £1.4K/mo to £2.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	12/24	0.06 mi	Northway Road, Croydon, CR0	2	Terraced House
£1,900	12/24	0.09 mi	Jesmond Road, Croydon, CR0	2	Terraced House
£1,900	02/24	0.09 mi	-	2	Terraced House
£1,850	12/24	0.12 mi	Meadvale Road, Croydon, CR0	2	Terraced House
£2,200	04/25	0.13 mi	-	2	Terraced House
£1,650	12/24	0.15 mi	Dalmally Road, CR0	2	Terraced House
£1,650	12/24	0.15 mi	Dalmally Road, CR0	2	Terraced House
£1,950	02/24	0.16 mi	-	2	Terraced House
£2,200	03/25	0.16 mi	-	2	Terraced House
£1,500	12/24	0.17 mi	Burnham Gardens, Addiscombe	2	Flat
£1,850	12/24	0.21 mi	-	2	Terraced House
£1,695	02/24	0.22 mi	-	2	Flat
£2,000	12/24	0.22 mi	Morland Road, Croydon, CR0	2	Flat
£1,701	02/24	0.23 mi	-	2	House
£1,850	03/25	0.23 mi	-	2	Flat
£1,550	08/24	0.23 mi	Woodside Green, London, SE25	2	Flat
£1,500	08/24	0.23 mi	Woodside Green, London, SE25	2	Flat
£1,600	12/24	0.24 mi	-	2	Flat
£1,500	12/24	0.24 mi	-	2	Flat
£1,500	08/24	0.24 mi	-	2	Flat
£1,650	11/24	0.25 mi	-	2	Terraced House
£1,800	08/24	0.25 mi	-	2	Terraced House
£1,800	08/24	0.25 mi	Anthony Road, London, SE25	2	Terraced House
£1,600	12/24	0.26 mi	-	2	Flat
£1,800	12/24	0.27 mi	Exeter Road, Croydon, CR0	2	Terraced House
£1,500	12/24	0.27 mi	Brampton Road, Addiscombe	2	Flat
£1,500	12/24	0.27 mi	-	2	Flat
£1,500	12/24	0.27 mi	-	2	Flat
£1,450	01/25	0.27 mi	-	2	Flat
£2,200	12/24	0.28 mi	-	2	Flat
£1,850	08/24	0.29 mi	-	2	Terraced House
£1,600	12/24	0.31 mi	Vauxhall Court, 73 Grant Road, Croydon, CR0	2	Flat
£1,500	01/25	0.32 mi	-	2	Flat
£1,550	12/24	0.33 mi	Grant Road, Croydon, CR0	2	Flat
£2,200	04/25	0.33 mi	-	2	Flat
£1,850	11/24	0.34 mi	-	2	Flat
£1,850	11/24	0.34 mi	-	2	Flat
£1,850	11/24	0.34 mi	-	2	Flat
£1,450	12/24	0.34 mi	-	2	Flat
£1,600	03/25	0.34 mi	-	2	Flat
£1,650	08/24	0.34 mi	SURRIDGE HOUSE, 75 WOODSIDE GREEN, LONDON, SE25, South Norwood, London, SE25	2	Flat
£1,450	12/24	0.35 mi	Davidson Road, Croydon, CR0	2	Flat
£1,650	08/24	0.36 mi	Surridge House. Woodside Green, SE25	2	Flat
£1,625	03/25	0.36 mi	-	2	Flat
£1,600	03/25	0.36 mi	-	2	Flat
£1,700	02/25	0.36 mi	-	2	Flat
£1,600	03/25	0.37 mi	-	2	Flat
£1,500	12/24	0.37 mi	Lower Addiscombe Road, Croydon, Surrey, CR0	2	Flat
£1,750	12/24	0.4 mi	Hastings Road, Croydon, CR0	2	Terraced House

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	1.07 miles away1.07 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £400,000

March 25, 2025

Floor Plans

Description

Two Bedroom +
Mid Terrace House +
No Chain +

Mid Terrace House.

No Chain.

Well Located for Transport and Amenities.

Through Lounge.

Galley Kitchen.

Two Bedrooms.

Family Bathroom.

Rear Garden.

Would Benefit from Modernisation.

Anti Money Laundering Check Fee of £30 Per Person.

Agent Details

Martin & Co, Crystal Palace

020 8771 9990

Next Steps?

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

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