3 Bed Semi-Detached House, Refurb/BRRR, Croydon, CR0 0RE, £375,000

Dunley Drive, Croydon, CR0 0RE - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£290K - £725K
Sold Prices/m²£3.2K/m² - £8.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£375,000

 

 

End Value (After Refurb)

£405,443

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,155

Bridging Loan Interest

£9,844

Total Cash In

£183,199

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£405,443

Mortgage (After Refinance)

£304,082

Mortgage LTV

75%

Cash Released

£22,832

Cash Left In

£160,366

Equity

£101,361

Rent Range

£1,441 - £2,700

Rent Estimate

£2,213

Running Costs/mo

£1,730

Cashflow/mo

£483

Cashflow/yr

£5,801

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £290K to £725K, average is £395K. £3.2K/m² to £8.2K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£365K07/210.07 mi46, Claygate Crescent, New Addington, Croydon, Greater London CR0 0RA3
£352.5K08/210.19 mi93, Dunley Drive, New Addington, Croydon, Greater London CR0 0RJ3
£307K12/200.19 mi125, Dunley Drive, New Addington, Croydon, Greater London CR0 0RJ3
£320K12/200.24 mi170, Headley Drive, New Addington, Croydon, Greater London CR0 0QJ3
£365K12/200.28 mi71, Thursley Crescent, New Addington, Croydon, Greater London CR0 0PR3
£400K05/230.32 mi100, Headley Drive, New Addington, Croydon, Greater London CR0 0QF3
£355K02/230.32 mi62, Headley Drive, New Addington, Croydon, Greater London CR0 0QF3
£355K12/220.35 mi67, Underwood, New Addington, Croydon, Greater London CR0 9EH3
£312K02/210.39 mi96, Applegarth, New Addington, Croydon, Greater London CR0 9DH3
£370K09/210.41 mi35, Goldcrest Way, New Addington, Croydon, Greater London CR0 0PL3
£450K02/230.43 mi25, Headley Drive, New Addington, Croydon, Greater London CR0 0QH3
£292K12/200.46 mi53, Brierley, New Addington, Croydon, Greater London CR0 9DQ3
£377.5K09/210.47 mi157, King Henrys Drive, New Addington, Croydon, Greater London CR0 0PH3
£295K10/210.47 mi55, Elmside, New Addington, Croydon, Greater London CR0 9DU3
£315K07/230.48 mi40, Applegarth, New Addington, Croydon, Greater London CR0 9DB3
£290K11/200.52 mi23, Brierley, New Addington, Croydon, Greater London CR0 9DP3
£330K12/220.52 mi41, Brierley, New Addington, Croydon, Greater London CR0 9DP3
£390K04/210.59 mi4, Dovedale Close, Owlsmoor, Sandhurst, Bracknell Forest GU47 0YG3
£326K12/210.62 mi60, Bygrove, New Addington, Croydon, Greater London CR0 9DG3
£440K06/230.64 mi5, Aldrich Crescent, New Addington, Croydon, Greater London CR0 0NP3
£400K07/230.64 mi29, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£380K07/210.64 mi87, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£377.5K01/210.64 mi41, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£371K08/210.64 mi55, Shaxton Crescent, New Addington, Croydon, Greater London CR0 0NW3
£608K06/210.71 mi29, Layhams Road, West Wickham, Greater London BR4 9HD3
£485K04/230.71 mi4, Grenville Road, New Addington, Croydon, Greater London CR0 0NY3
£390K06/230.71 mi31, Windham Avenue, New Addington, Croydon, Greater London CR0 0HY3
£650K06/220.75 mi83, Layhams Road, West Wickham, Greater London BR4 9HE3
£325K11/200.76 mi11, Bothwell Road, New Addington, Croydon, Greater London CR0 0NR3
£435K04/210.76 mi88, Addington Village Road, Croydon, Greater London CR0 5AQ3
£440K11/210.76 mi84, Addington Village Road, Croydon, Greater London CR0 5AQ3
£540K01/210.78 mi97, Layhams Road, West Wickham, Greater London BR4 9HE3
£502K05/210.78 mi113, Layhams Road, West Wickham, Greater London BR4 9HE3
£325K06/230.78 mi33, Montacute Road, New Addington, Croydon, Greater London CR0 0JF3
£335K03/210.8 mi31, Parkway, New Addington, Croydon, Greater London CR0 0JA3
£660K10/220.82 mi115, Chestnut Avenue, West Wickham, Greater London BR4 9EU3
£455K03/230.83 mi22, Parkway, New Addington, Croydon, Greater London CR0 0LA3
£460.8K07/230.83 mi52, Parkway, New Addington, Croydon, Greater London CR0 0LA3
£575K09/210.84 mi31, Sylvan Way, West Wickham, Greater London BR4 9HA3
£625K07/230.86 mi92, Birch Tree Avenue, West Wickham, Greater London BR4 9EL3
£530K03/210.86 mi114, Birch Tree Avenue, West Wickham, Greater London BR4 9EL3
£725K01/230.86 mi110, Birch Tree Avenue, West Wickham, Greater London BR4 9EL3
£316K11/200.86 mi87, Windham Avenue, New Addington, Croydon, Greater London CR0 0HZ3
£575K02/210.87 mi119, Birch Tree Avenue, West Wickham, Greater London BR4 9EQ3
£496K07/210.93 mi8, Falconwood Road, Croydon, Greater London CR0 9BB3
£472.5K03/210.95 mi70, Falconwood Road, Croydon, Greater London CR0 9BD3
£500K03/230.95 mi80, Falconwood Road, Croydon, Greater London CR0 9BD3
£523K04/230.96 mi119, Falconwood Road, Croydon, Greater London CR0 9BF3
£635K04/210.96 mi19, Birch Tree Avenue, West Wickham, Greater London BR4 9EG3
£575K11/220.97 mi68, Birch Tree Avenue, West Wickham, Greater London BR4 9EJ3

Local Rents

17 rents from £1.4K/mo to £2.7K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,10010/230.03 mi-3
£2,05012/240.08 mi-3
£2,00004/250.12 mi-3
£2,25004/250.29 mi-3
£2,00012/240.3 mi-3
£1,44112/240.32 miHeadley Drive, CR03
£1,95012/240.35 mi-3
£2,05011/240.37 mi-3
£2,70010/240.38 mi-3
£2,70011/240.38 mi-3
£2,69010/240.38 mi-3
£2,00011/230.43 mi-3
£2,50011/240.43 mi-3
£2,40011/240.43 mi-3
£2,00004/250.53 mi-3
£1,99512/240.62 mi-3
£2,40002/250.62 mi-3

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

2.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £375,000

April 2, 2025

Floor Plans

Description

  • Three Bedroom Semi Detached House +
  • Popular New Addington Location +
  • Requiring Complete Modernisation +
  • Three Adjoining Reception Areas +
  • Older Style Kitchen +
  • Upstairs Bathroom +
  • Private Garden +
  • Off Street Parking +
  • Close To Transport Links And Amenities +
  • Easy Access Excellent Schools +

The Property
Three bedroom semi detached house with private garden and off street parking, conveniently situated in a popular residential New Addington location, within a short walk of transport links, schools and amenities. The property would now benefit from modernisation, but offers generous well planned accommodation with excellent scope to improve and refurbish to suit own taste. Features include three adjoining reception areas, well equipped older style kitchen, upstairs bathroom, gas central heating and double glazing.

Accommodation comprises entrance porch and hallway with stairs rising to the first floor, leading into the front aspect reception room open through to a dining room. To the rear of the property, a further dual aspect reception/play room enjoys views over the garden. The separate kitchen comprises a range of matching wooden fronted wall and base units with work surfaces incorporating inset sink unit and further space for appliances. To the first floor, there are three well proportioned bedrooms, plus an older style bathroom.

The property is conveniently located within a short walk of local shops and amenities, as well as Tramlink at Addington Village and Fieldway with superb links to nearby East and West Croydon mainline stations. There are a selection of excellent schools nearby, including Good Shepherd Catholic, Fairchildes, Applegarth, Tudors and Rowdown Primary schools, as well as pleasant open spaces.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Croydon

020 3840 3596

Next Steps?

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