2 Bed Flat, Single Let, Croydon, CR0 4NB, £300,000

Epsom Road, Croydon, CR0 4NB - 16 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£215K - £380K
Sold Prices/m²£2.8K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£309,188
BMV3%

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

£1,200 - £2,999

Rent Estimate

£1,445

Running Costs/mo

£1,247

Cashflow/mo

£199

Cashflow/yr

£2,382

ROI

3%

Gross Yield

6%

Local Sold Prices

29 sold prices from £215K to £380K, average is £280K. £2.8K/m² to £6K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£250K05/230.21 mi114b, Waddon New Road, Croydon, Greater London CR0 4JE2
£250K08/210.38 miFlat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP2
£270K02/230.44 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£248K04/230.45 mi29, Waldronhyrst, South Croydon, Greater London CR2 6NZ2
£275K01/230.47 mi50, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£286K12/220.47 mi4, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£315K12/200.47 mi48, Waldronhyrst, South Croydon, Greater London CR2 6NY2
£294K04/230.5 miThe First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG2
£345K05/230.55 miGround Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX2
£315K10/210.59 mi19a, Merebank Lane, Croydon, Greater London CR0 4NP2
£322.5K04/210.59 mi5, Merebank Lane, Croydon, Greater London CR0 4NP2
£215K04/210.64 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£295K09/210.69 mi36a, Warham Road, South Croydon, Greater London CR2 6LA2
£380K01/230.69 mi28a, Warham Road, South Croydon, Greater London CR2 6LA2
£223K07/230.71 mi271, Violet Lane, Croydon, Greater London CR0 4HN2
£280K01/210.71 mi98, Eastney Road, Croydon, Greater London CR0 3TE2
£245K03/230.73 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£306K12/200.74 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£305K04/230.84 mi79, Onslow Road, Croydon, Greater London CR0 3NY2
£270K05/230.85 miFlat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW2
£270K01/230.89 mi17, Meller Close, Croydon, Greater London CR0 4UB2
£255K03/230.97 mi69a, Greenside Road, Croydon, Greater London CR0 3PQ2
£321K06/210.99 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£321K06/210.99 mi9, St Anns Way, South Croydon, Greater London CR2 6DN2
£300K02/210.99 mi39, St Anns Way, South Croydon, Greater London CR2 6DN2
£292.5K02/230.99 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£225K04/211 mi43, Plough Lane Close, Wallington, Greater London SM6 8JN2
£264K04/211 miFlat 26, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2
£252.5K09/211 miFlat 16, Melrose Tudor, Plough Lane, Wallington, Greater London SM6 8LR2

Local Rents

51 rents from £1.2K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.01 mi-2
£1,70002/250.02 mi-2
£1,60012/240.03 mi-2
£1,25012/240.07 miBenson Road, Croydon, London, CR02
£1,55012/240.07 miEpsom Road, Croydon, CR02
£1,75004/250.08 mi-2
£2,00012/240.09 mi-2
£1,50002/250.09 mi-2
£1,50003/240.11 mi-2
£1,75012/240.11 miBorough Hill Croydon CR02
£1,75002/250.11 mi-2
£1,75003/250.11 mi-2
£1,75004/250.11 mi-2
£1,80003/250.11 mi-2
£1,85002/250.11 mi-2
£2,99912/240.12 mi-2
£2,99912/240.12 miEland Road, Croydon, CR02
£1,69512/240.13 mi-2
£1,50012/240.13 miDuppas Hill Road, Croydon2
£1,67502/240.13 mi-2
£1,60012/240.14 miDuppas Hill Road, Croydon, CR02
£1,80002/250.15 mi-2
£1,75004/250.15 mi-2
£1,60002/240.18 mi-2
£1,45003/240.18 mi-2
£1,55012/240.18 mi-2
£1,50012/240.18 mi-2
£1,50004/250.2 mi-2
£1,44012/240.2 mi-2
£1,90012/240.22 mi-2
£1,90012/240.22 mi-2
£1,85012/240.23 mi-2
£1,90012/240.23 mi-2
£1,50012/240.23 miNew South Quarter, Croydon2
£1,75002/250.24 mi-2
£1,80002/250.24 mi-2
£1,75012/240.24 mi-2
£1,75012/240.24 mi-2
£1,75012/240.24 mi-2
£1,69502/240.24 mi-2
£1,70012/240.24 mi-2
£1,73501/250.24 mi-2
£1,49912/240.25 mi-2
£1,56912/240.25 mi-2
£1,62512/240.25 mi-2
£1,65003/250.25 mi-2
£1,67512/240.25 miWaddon Park Avenue, Croydon, CR02
£1,70012/240.25 miDuppas Hill Terrace, Croydon2
£1,59512/240.26 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,59512/240.26 miDuppas Hill Terrace, Croydon, Croydon, CR02
£1,70012/240.26 miWhitestone Way, Croydon, CR02

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.81 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 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 26, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Open Plan Kitchen / Reception Room +
  • Split Level +
  • Top Floor Conversion Flat +
  • Chain Free. +

This split level conversion flat is offered for sale in great condition offering no onward chain! The accommodation itself reaching 860 sq ft, featuring two double bedrooms, a 3 piece family bathroom, and a modern and spacious kitchen / reception room with vast eve storage space providing the perfect blend of living and dining, offering a space to entertain guests whilst retaining the cosy feel within the eves.
Being double aspect, this well presented property offers floods of natural light and ample storage space.

Situated on the top floor of this stunning converted property close to all amenities, making for an ideal first purchase or investment buy.

Approx 165 years remaining on the lease with peppercorn ground rent.

Outside

Allocated parking for 2 cars to the front.

Situation

The property is perfectly located for transport, with Waddon Station only a short walking distance away, providing links into Central London. Wandle Park Tram stop and bus stop are also moments away. You are spoilt for choice when it comes to amenities with the retail sites of Purley Way and the vast array of shops and restaurants in Central Croydon also within close proximity. There are also open green spaces at Wandle Park, Duppas Hill and Waddon Ponds. Property Ref Number: HAM-57166

Agent Details

Hamptons, Caterham

01883 779609

Next Steps?

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