2 Bed Flat, Single Let, Croydon, CR0 4LF, £110,000

36B Waddon Road, Croydon, Surrey, CR0 4LF - 10 days ago

Leasehold

Auction

BTL

ROI: 27%

45 m²

+3 photos

ValuationUndervalued

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

Square Metres	45 m²
Price/m²	£2.4K/m²
Value Estimate	£137,500£137,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Total Cash In	£34,200£34,200

Cash Out
Rent Range	£1,200 - £2,999£1,200 - £2,999
Rent Estimate	£1,433
Running Costs/mo	£650£650
Cashflow/mo	£783£783
Cashflow/yr	£9,392£9,392
ROI	27%27%
Gross Yield	16%16%

Local Sold Prices

26 sold prices from £215K to £380K, average is £289.3K. £2.8K/m² to £6K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	05/23	0.05 mi	114b, Waddon New Road, Croydon, Greater London CR0 4JE	£4,828	52	2	Flat
£270K	02/23	0.29 mi	24, Charles Street, Croydon, Greater London CR0 1TR	£5,094	53	2	Flat
£294K	04/23	0.43 mi	The First Floor Maisonette, 6, West Street, Croydon, Greater London CR0 1DG	-	-	2	Flat
£250K	08/21	0.44 mi	Flat 8, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP	-	-	2	Flat
£215K	04/21	0.48 mi	1, Rodney Close, Croydon, Greater London CR0 3RX	£2,756	78	2	Flat
£248K	04/23	0.5 mi	29, Waldronhyrst, South Croydon, Greater London CR2 6NZ	£4,133	60	2	Flat
£275K	01/23	0.51 mi	50, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,583	60	2	Flat
£286K	12/22	0.51 mi	4, Waldronhyrst, South Croydon, Greater London CR2 6NY	£4,767	60	2	Flat
£315K	12/20	0.51 mi	48, Waldronhyrst, South Croydon, Greater London CR2 6NY	£3,938	80	2	Flat
£345K	05/23	0.56 mi	Ground Floor Flat, 19, Bramley Hill, South Croydon, Greater London CR2 6LX	£4,539	76	2	Flat
£280K	01/21	0.59 mi	98, Eastney Road, Croydon, Greater London CR0 3TE	£3,415	82	2	Flat
£245K	03/23	0.62 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat
£306K	12/20	0.67 mi	4a, St Peters Road, Croydon, Greater London CR0 1HD	£4,500	68	2	Flat
£295K	09/21	0.7 mi	36a, Warham Road, South Croydon, Greater London CR2 6LA	£4,041	73	2	Flat
£380K	01/23	0.7 mi	28a, Warham Road, South Croydon, Greater London CR2 6LA	£4,810	79	2	Flat
£305K	04/23	0.78 mi	79, Onslow Road, Croydon, Greater London CR0 3NY	£6,028	51	2	Flat
£315K	10/21	0.78 mi	19a, Merebank Lane, Croydon, Greater London CR0 4NP	£4,828	65	2	Flat
£322.5K	04/21	0.78 mi	5, Merebank Lane, Croydon, Greater London CR0 4NP	-	-	2	Flat
£223K	07/23	0.81 mi	271, Violet Lane, Croydon, Greater London CR0 4HN	-	-	2	Flat
£292.5K	02/23	0.83 mi	89, Granville Close, Croydon, Greater London CR0 5PY	-	-	2	Flat
£270K	05/23	0.83 mi	Flat 9, Ruskin House, Selsdon Road, South Croydon, Greater London CR2 6PW	-	-	2	Flat
£326K	09/21	0.86 mi	6, Garrick Crescent, Croydon, Greater London CR0 5PW	£4,151	79	2	Flat
£255K	03/23	0.87 mi	69a, Greenside Road, Croydon, Greater London CR0 3PQ	-	-	2	Flat
£375K	03/21	0.9 mi	44, Granville Close, Croydon, Greater London CR0 5PX	£5,282	71	2	Flat
£286K	05/23	0.94 mi	46, Greenside Road, Croydon, Greater London CR0 3PL	£4,540	63	2	Flat
£334K	07/23	0.99 mi	44a, Oval Road, Croydon, Greater London CR0 6BJ	£4,010	83	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,695	12/24	0.07 mi	-	2	Terraced House
£1,500	12/24	0.07 mi	-	2	Semi-Detached House
£2,999	12/24	0.08 mi	-	2	Terraced House
£2,999	12/24	0.08 mi	Eland Road, Croydon, CR0	2	Terraced House
£1,750	02/25	0.1 mi	-	2	Terraced House
£1,750	12/24	0.11 mi	Borough Hill Croydon CR0	2	Flat
£1,500	04/25	0.12 mi	-	2	Flat
£1,550	12/24	0.12 mi	Epsom Road, Croydon, CR0	2	Flat
£1,440	12/24	0.12 mi	-	2	Flat
£1,800	12/24	0.14 mi	-	2	Terraced House
£1,800	02/25	0.14 mi	-	2	Bungalow
£1,650	12/24	0.15 mi	Bourne Street, Croydon, Surrey, CR0	2	Terraced House
£1,600	12/24	0.16 mi	-	2	Flat
£1,750	04/25	0.16 mi	-	2	Flat
£1,700	02/25	0.17 mi	-	2	Flat
£1,200	03/25	0.18 mi	-	2	Flat
£1,750	02/24	0.18 mi	-	2	Terraced House
£1,750	03/24	0.18 mi	-	2	Terraced House
£1,750	12/24	0.18 mi	-	2	Terraced House
£1,700	12/24	0.18 mi	Old Palace Road, Croydon, London, CR0	2	Flat
£1,700	12/24	0.18 mi	Old Palace Road, Croydon, London, CR0	2	Flat
£1,500	02/25	0.18 mi	-	2	Flat
£2,000	12/24	0.18 mi	-	2	Semi-Detached House
£1,985	11/24	0.19 mi	-	2	Terraced House
£1,600	12/24	0.19 mi	Church Road, Croydon	2	Flat
£1,550	12/24	0.19 mi	Church Road, Croydon	2	Flat
£1,250	12/24	0.2 mi	Benson Road, Croydon, London, CR0	2	Flat
£1,650	12/24	0.2 mi	-	2	Terraced House
£1,900	12/24	0.21 mi	-	2	Flat
£1,900	12/24	0.21 mi	-	2	Flat
£1,595	12/24	0.22 mi	Duppas Hill Terrace, Croydon, Croydon, CR0	2	Flat
£1,595	12/24	0.22 mi	Duppas Hill Terrace, Croydon, Croydon, CR0	2	Flat
£1,600	12/24	0.22 mi	Church Road, Croydon	2	Flat
£1,550	12/24	0.22 mi	Church Street, Croydon	2	Flat
£1,550	12/24	0.22 mi	Church Street, Croydon	2	Flat
£1,380	10/23	0.24 mi	Church Street, Croydon, CR0	2	Flat
£1,700	12/24	0.24 mi	Duppas Hill Terrace, Croydon	2	Flat
£1,600	02/24	0.24 mi	-	2	Flat
£1,450	03/24	0.24 mi	-	2	Flat
£1,550	12/24	0.24 mi	-	2	Flat
£1,500	03/24	0.25 mi	-	2	Flat
£2,150	03/24	0.25 mi	-	2	Terraced House
£1,750	02/25	0.25 mi	-	2	Flat
£1,800	02/25	0.25 mi	-	2	Flat
£1,695	12/24	0.25 mi	-	2	Flat
£1,650	03/25	0.26 mi	-	2	Flat
£1,750	04/25	0.26 mi	-	2	Flat
£1,500	12/24	0.27 mi	New South Quarter, Croydon	2	Flat
£1,850	12/24	0.27 mi	-	2	Flat
£1,900	12/24	0.27 mi	-	2	Flat

Local Area Statistics

Population in CR0	153,803153,803
Population in Croydon	153,811153,811
Town centre distance	1.67 miles away1.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.21 miles away0.21 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 £110,000

April 1, 2025

Floor Plans

Description

Guide Price = **£110,000+

For Sale By Public Auction 23rd April 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant First Floor Two Bedroom Flat

**Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1984 (thus approximately 58 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wandle Park are within easy reach. Transport links are provided by West Croydon overground station and Waddon rail station.

Description
The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over lower ground, raised ground and two upper floors.

Accommodation
First Floor
Reception Room/Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from communal gardens.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C

Open House Viewings:
Viewing Schedule (No Booking Required)

Agent Details

Auction House London, London

020 7870 6217

Next Steps?

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