2 Bed Terraced House, Refurb/BRRR, Croydon, CR0 3DZ, £370,000

Furtherfield Close, Croydon, CR0 3DZ - 2 views - 20 days ago

Refurb/BRRR
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£290K - £460K
Sold Prices/m²£4.1K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.4K/m²

Value Estimate

£345,563

 

 

End Value (After Refurb)

£310,506

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£36,000

Bridging Loan Interest

£9,713

Total Cash In

£168,163

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£310,506

Mortgage (After Refinance)

£232,879

Mortgage LTV

75%

Cash Left In

£168,163

Equity

£77,626

Rent Range

£1,400 - £2,503

Rent Estimate

£1,714

Running Costs/mo

£1,333

Cashflow/mo

£381

Cashflow/yr

£4,570

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £290K to £460K, average is £350K. £4.1K/m² to £7.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£300K03/210.12 mi43, Boston Road, Croydon, Greater London CR0 3EG2
£345K02/230.16 mi124, Stanley Road, Croydon, Greater London CR0 3QB2
£330K01/230.16 mi201, Thornton Road, Thornton Heath, Greater London CR7 6BH2
£380K01/230.18 mi141, Stanley Road, Croydon, Greater London CR0 3QF2
£350K11/210.25 mi15, Aurelia Gardens, Croydon, Greater London CR0 3BD2
£338K02/230.27 mi22, Limpsfield Avenue, Thornton Heath, Greater London CR7 6BE2
£300K02/210.34 mi51, Wentworth Road, Croydon, Greater London CR0 3HY2
£326K12/200.41 mi73, Sutherland Road, Croydon, Greater London CR0 3QL2
£310K03/210.41 mi113, Sutherland Road, Croydon, Greater London CR0 3QL2
£400K06/230.42 mi51, Ringwood Avenue, Croydon, Greater London CR0 3DT2
£290K05/210.42 mi111, Ockley Road, Croydon, Greater London CR0 3DS2
£390K10/210.44 mi3, Effingham Road, Croydon, Greater London CR0 3NF2
£405K08/210.5 mi57, Rochford Way, Croydon, Greater London CR0 3AJ2
£290K12/200.5 mi122, Kelvin Gardens, Croydon, Greater London CR0 4US2
£325K11/200.5 mi76, Addington Road, Croydon, Greater London CR0 3LU2
£325K11/200.54 mi128, Franklin Way, Croydon, Greater London CR0 4UW2
£305K11/200.55 mi87, Lakehall Road, Thornton Heath, Greater London CR7 7EJ2
£385K02/210.56 mi166, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£301K03/230.56 mi132, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£350K06/210.57 mi40, Sumner Road, Croydon, Greater London CR0 3LJ2
£425K05/230.59 mi94, Colliers Water Lane, Thornton Heath, Greater London CR7 7LB2
£425K07/230.62 mi6, Woodland Road, Thornton Heath, Greater London CR7 7LP2
£332.5K02/210.63 mi28, Haslemere Road, Thornton Heath, Greater London CR7 7BE2
£390K09/210.64 mi6, Maplethorpe Road, Thornton Heath, Greater London CR7 7LY2
£400K12/220.64 mi27, Lakehall Road, Thornton Heath, Greater London CR7 7EG2
£290K05/210.65 mi254, Bensham Lane, Thornton Heath, Greater London CR7 7EP2
£315K06/210.66 mi102, Mitcham Road, Croydon, Greater London CR0 3RJ2
£347K02/210.66 mi143, Sumner Road South, Croydon, Greater London CR0 3LY2
£350K06/210.68 mi42, Beverstone Road, Thornton Heath, Greater London CR7 7LT2
£300K04/230.72 mi285, Bensham Lane, Thornton Heath, Greater London CR7 7ER2
£315K04/230.82 mi43, Princess Road, Croydon, Greater London CR0 2QZ2
£365K03/230.83 mi80, Beulah Grove, Croydon, Greater London CR0 2QW2
£350K03/230.86 mi90, Winterbourne Road, Thornton Heath, Greater London CR7 7QU2
£340K03/230.86 mi9, Willis Road, Croydon, Greater London CR0 2XX2
£460K01/230.87 mi144, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£391K06/210.87 mi156, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£315K09/210.9 mi25, Union Road, Croydon, Greater London CR0 2XU2
£300K02/230.9 mi96, Winterbourne Road, Thornton Heath, Greater London CR7 7QW2
£420K02/230.92 mi67, Derby Road, Croydon, Greater London CR0 3SF2
£350K04/230.92 mi6, St Stephens Crescent, Thornton Heath, Greater London CR7 7NP2
£350K05/210.93 mi68, Totton Road, Thornton Heath, Greater London CR7 7QR2
£330K08/210.94 mi30, Theobald Road, Croydon, Greater London CR0 3RN2
£352K04/230.95 mi16, Ainsworth Road, Croydon, Greater London CR0 3SH2
£385K02/230.95 mi54, Totton Road, Thornton Heath, Greater London CR7 7QR2
£412K02/230.96 mi70, Pawsons Road, Croydon, Greater London CR0 2QF2
£410K02/230.96 mi20, Henderson Road, Croydon, Greater London CR0 2QG2
£370K03/210.97 mi184, Whitehorse Road, Croydon, Greater London CR0 2LA2
£350K07/230.98 mi32, Westfield Road, Croydon, Greater London CR0 3RH2
£345K08/230.98 mi26, Westfield Road, Croydon, Greater London CR0 3RH2
£387K03/211 mi28, Bridport Road, Thornton Heath, Greater London CR7 7QG2

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.05 miMarden Crescent, Croydon, CR02
£1,75012/240.05 miMarden Crescent, Croydon, CR02
£1,75012/240.05 miMarden Crescent, Croydon, CR02
£1,80012/240.09 miMarden Road 2
£1,80003/240.14 miThornton Road, Thornton Heath, CR72
£1,60001/250.16 mi-2
£1,80003/250.16 mi-2
£1,85003/250.21 mi-2
£1,70003/250.22 mi-2
£1,70003/250.22 mi-2
£1,70003/250.22 mi-2
£1,70002/240.25 mi-2
£1,60003/240.25 miFiveacre Close, Thornton Heath2
£1,80012/240.27 mi-2
£1,70012/240.27 miMitcham Road2
£1,70012/240.27 miMitcham Road2
£1,55012/240.3 miLondon Road, Croydon, CR02
£2,50303/250.31 mi-2
£2,27503/250.31 mi-2
£1,67504/250.31 mi-2
£1,65003/240.34 miGonville RoadThornton HeathSurrey2
£1,65003/240.34 miGonville RoadThornton HeathSurrey2
£1,51702/250.41 mi-2
£1,75012/240.42 miPemdevon Road, Croydon, CR02
£2,35002/250.43 mi-2
£1,75012/240.43 miPemdevon, CR02
£2,10012/240.44 miOckley Road, Croydon, CR02
£2,00012/240.44 mi-2
£1,62503/250.44 mi-2
£1,67512/240.45 miLondon Road, Croydon, CR02
£1,60004/240.45 miLondon Road, Thornton Heath, CR72
£1,50002/240.45 mi-2
£1,70012/240.46 miDennett Road, Croydon, CR02
£1,70012/240.47 miMitcham Road, Croydon, CR02
£1,55002/250.49 mi-2
£1,69504/250.5 mi-2
£1,70012/240.5 miKelvin Gardens, Croydon, Surrey, CR02
£1,75001/250.5 mi-2
£1,60012/240.5 miBensham Lane, Croydon, CR02
£1,40012/240.51 miFrancis Road, Croydon2
£1,55004/240.52 miQueens Court, Colliers Water Lane, Thornton Heath, CR72
£1,50012/240.52 miFrancis Road, Croydon, CR02
£1,69902/250.53 mi-2
£1,52503/250.54 mi-2
£1,45012/240.54 mi-2
£1,77503/240.54 mi-2
£1,60012/240.55 mi-2
£1,50012/240.55 mi-2
£1,60004/250.55 mi-2
£1,45003/250.55 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.43 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £370,000

March 25, 2025

Floor Plans

Description

  • Two Bedroom +
  • Mid-Terrace House +
  • Private Garden +
  • Allocated Parking Space At Rear +
  • Chain-Free +
  • Modern Bathroom +
  • 0.5 Miles From Croydon University Hospital +

This delightful two-bedroom terraced house offers an exciting opportunity for those looking to add their personal touch. Situated in a desirable neighborhood, this property is perfect for both first-time buyers and investors alike. Upon entering, you'll find a bright and spacious living area. The generous kitchen provides a functional space for meal preparation and has the potential for stylish upgrades to suit your taste. The property also features a modern bathroom, recently updated with contemporary fixtures and fittings. The property features two well-proportioned bedrooms, providing comfortable accommodations for family or guests. Outside, you'll discover a private garden, ideal for outdoor entertaining or simply relaxing in the sun. The garden offers plenty of space for gardening enthusiasts to cultivate their green thumb. Convenient allocated parking space at the rear to ensure that you’ll always have a designated spot for your vehicle. With slight modernisation, this terraced house can truly shine and transform into your dream home. Don't miss out on this fantastic opportunity—schedule a viewing today!

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.’’

Agent Details

Leaders Sales, Croydon

020 3840 3384

Next Steps?

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