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2 Bed Terraced House, Single Let, South Croydon, CR2 8LB, £399,500

Goschen Mews, Croydon, CR2 8LB 8 - 6 months ago

BTL
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£310.5K - £680K
Sold Prices/m²£3.3K/m² - £8.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£411,015
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£99,875

Stamp Duty & Legal Fees

£20,696

Total Cash In

£120,571

 

 

Cash Out

 

Rent Range

£1,399 - £2,200

Rent Estimate

£1,500

Running Costs/mo

£1,568

Cashflow/mo

£-68

Cashflow/yr

£-821

Gross Yield

5%

Local Sold Prices

22 sold prices from £310.5K to £680K, average is £375K. £3.3K/m² to £8.6K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£445K11/200.23 mi6, Greystone Close, South Croydon, Greater London CR2 8PP2
£365K08/210.27 mi95, Foxearth Road, South Croydon, Greater London CR2 8EN2
£405K06/230.37 mi39, Bullfinch Road, South Croydon, Greater London CR2 8PU2
£350K12/220.38 mi8, Southviews, South Croydon, Greater London CR2 8SH2
£310.5K01/210.41 mi84, Sundale Avenue, South Croydon, Greater London CR2 8RP2
£312.5K07/210.41 mi94, Sundale Avenue, South Croydon, Greater London CR2 8RP2
£317.5K02/210.41 mi78, Sundale Avenue, South Croydon, Greater London CR2 8RP2
£350K02/210.41 mi76, Sundale Avenue, South Croydon, Greater London CR2 8RP2
£375K01/230.44 mi86, Sundale Avenue, South Croydon, Greater London CR2 8RP2
£370K11/220.44 mi16, Southviews, South Croydon, Greater London CR2 8SH2
£395K09/210.45 mi11, Curlew Close, South Croydon, Greater London CR2 8QT2
£375K04/210.5 mi22, Albatross Gardens, South Croydon, Greater London CR2 8QX2
£430K12/220.57 mi27, Wagtail Gardens, South Croydon, Greater London CR2 8TA2
£375K02/210.57 mi6, Wagtail Gardens, South Croydon, Greater London CR2 8TA2
£575K06/230.57 mi26, The Gallop, South Croydon, Greater London CR2 7LP2
£475K11/200.58 mi30, The Gallop, South Croydon, Greater London CR2 7LP2
£380K03/230.59 mi6, Kittiwake Close, South Croydon, Greater London CR2 8SQ2
£680K06/230.68 mi37, Kingswood Way, South Croydon, Greater London CR2 8QL2
£565K01/210.7 mi29, Church Way, South Croydon, Greater London CR2 0JU2
£330K11/210.72 mi154, Middlefields, Croydon, Greater London CR0 9LJ2
£380K06/230.88 mi72, Lomond Gardens, South Croydon, Greater London CR2 8EQ2
£348.5K06/210.88 mi70, Lomond Gardens, South Croydon, Greater London CR2 8EQ2

Local Rents

14 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,39902/240.04 mi-2
£1,49902/250.04 mi-2
£1,49903/250.04 mi-2
£1,75009/240.32 mi-2
£1,65002/250.32 mi-2
£1,50002/240.47 mi-2
£2,09503/250.52 mi-2
£2,20012/240.52 miCroham Valley Road, Croydon, South Croydon, CR22
£2,20012/240.53 miCroham Valley Road, South Croydon2
£2,20012/240.54 miCroham Valley Road, South Croydon, CR22
£1,80003/240.56 mi-2
£1,85012/240.56 mi-2
£1,90003/250.56 mi-2
£1,60004/250.59 mi-2

Links

Local Area Statistics

Population in CR2

48,427

Town centre distance

0.59 miles away

Nearest school

0.20 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-35%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £399,500

January 8, 2025

Listed for £399,950

October 1, 2024

Floor Plans

Description

Located in the heart of Selsdon, Goschen Mews is a newly constructed property offering two bedrooms and two bathrooms. Built in 2023, this freehold home provides contemporary living spaces designed for efficiency, comfort and functionality. The layout ensures efficient use of space, making it suitable for a variety of lifestyles.

Croydon is known for its excellent transport links, including trains and trams that provide easy access to central London and surrounding areas. The area boasts a range of amenities such as shopping centres, parks, and local markets. Schools in the vicinity include Whitgift School and Harris Academy, known for their strong academic performance.

Residents will benefit from the vibrant community and diverse dining options available in Croydon. The nearby Fairfield Halls offers cultural activities, including theatre productions and live music events. This property offers the convenience of urban living while maintaining a sense of community.

Act quickly to secure this modern home in an increasingly popular area. Contact us today to learn more about Goschen Mews and arrange a viewing.

Agent Details

Cornerstone Estate Agents, Croydon

020 4572 0461

Next Steps?

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

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