3 Bed Terraced House, Refurb/BRRR, Croydon, CR0 1AN, £425,000

Tanfield Road, Croydon, Surrey, CR0 1AN - 4 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£330K - £750K
Sold Prices/m²£3.6K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£433,500

 

 

End Value (After Refurb)

£445,321

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£49,155

Bridging Loan Interest

£11,156

Total Cash In

£191,011

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£445,321

Mortgage (After Refinance)

£333,991

Mortgage LTV

75%

Cash Released

£15,241

Cash Left In

£175,771

Equity

£111,330

Rent Range

£1,750 - £2,537

Rent Estimate

£2,206

Running Costs/mo

£1,853

Cashflow/mo

£353

Cashflow/yr

£4,238

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £330K to £750K, average is £460K. £3.6K/m² to £6.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£510K05/230.03 mi19, Brafferton Road, Croydon, Greater London CR0 1AD3
£375K11/210.04 mi32, Southbridge Road, Croydon, Greater London CR0 1AE3
£492.5K05/230.05 mi61, Tanfield Road, Croydon, Greater London CR0 1AN3
£483.6K12/220.07 mi40, Tanfield Road, Croydon, Greater London CR0 1AL3
£610K03/230.12 mi2, West Street, Croydon, Greater London CR0 1DG3
£425K03/210.17 mi12, Laud Street, Croydon, Greater London CR0 1SU3
£560K02/210.18 mi46, Wandle Road, Croydon, Greater London CR0 1DF3
£460K03/210.28 mi44, Violet Lane, Croydon, Greater London CR0 4HF3
£535K06/230.31 mi63, Temple Road, Croydon, Greater London CR0 1HW3
£390K08/210.32 mi10, Cranmer Road, Croydon, Greater London CR0 1SR3
£375K02/230.32 mi49, Old Town, Croydon, Greater London CR0 1AU3
£750K06/210.38 mi17, Whitgift Avenue, South Croydon, Greater London CR2 6AZ3
£520K06/210.4 mi31, Harrisons Rise, Croydon, Greater London CR0 4LL3
£460K01/230.42 mi40, Selsdon Road, South Croydon, Greater London CR2 6PB3
£520K01/210.43 mi11, Birdhurst Avenue, South Croydon, Greater London CR2 7DX3
£440K03/210.44 mi5, Croham Road, South Croydon, Greater London CR2 7PB3
£459.4K05/210.45 miShirley, St Leonards Road, Croydon, Greater London CR0 4BN3
£465K10/210.46 mi3, Glen Gardens, Croydon, Greater London CR0 4BQ3
£427K10/210.47 mi81, Haling Park Road, South Croydon, Greater London CR2 6NN3
£480K09/210.48 mi18, Upland Road, South Croydon, Greater London CR2 6RD3
£660K12/220.48 mi10, Birdhurst Gardens, South Croydon, Greater London CR2 7DT3
£448.6K09/210.5 mi293, Violet Lane, Croydon, Greater London CR0 4HN3
£425K05/210.5 mi287, Violet Lane, Croydon, Greater London CR0 4HN3
£380K10/200.53 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£495K09/220.54 mi146, Violet Lane, Croydon, Greater London CR0 4HJ3
£428K01/210.55 mi45, Benson Road, Croydon, Greater London CR0 4LR3
£475K09/210.56 mi87, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£432.5K01/210.56 mi63, Selsdon Road, South Croydon, Greater London CR2 6PZ3
£500K01/230.56 mi8, Goodwin Road, Croydon, Greater London CR0 4EG3
£380K12/200.56 mi9, Old School Place, Croydon, Greater London CR0 4GA3
£490K05/210.57 mi9, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£475K12/210.57 mi57, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£530K12/200.57 mi75, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£450K06/210.57 mi71, Waddon Park Avenue, Croydon, Greater London CR0 4LW3
£463K09/210.57 mi23, Kemble Road, Croydon, Greater London CR0 4JQ3
£470K02/210.61 mi15, Courtney Road, Croydon, Greater London CR0 4LS3
£330K01/210.63 mi25, Barrow Road, Croydon, Greater London CR0 4EZ3
£555K12/210.64 mi27, Godson Road, Croydon, Greater London CR0 4LT3
£425K07/230.65 mi11, Coldharbour Way, Croydon, Greater London CR0 4DX3
£455K05/210.65 mi2, Waddon Close, Croydon, Greater London CR0 4JT3
£492.5K07/210.66 mi23, Avondale Road, South Croydon, Greater London CR2 6JE3
£545K03/230.68 mi28, Minster Drive, Croydon, Greater London CR0 5UP3
£450K12/220.68 mi21, Selsdon Avenue, South Croydon, Greater London CR2 6PP3
£437K02/230.69 mi4, Jarvis Road, South Croydon, Greater London CR2 6HU3
£415K06/230.69 mi27, Sussex Road, South Croydon, Greater London CR2 7DB3
£368.5K08/210.69 mi67, Sussex Road, South Croydon, Greater London CR2 7DB3
£450K12/220.69 mi11, Sussex Road, South Croydon, Greater London CR2 7DB3
£468K12/210.7 mi1, Foss Avenue, Croydon, Greater London CR0 4EW3
£400K09/210.7 mi5, Nicola Close, South Croydon, Greater London CR2 6NA3
£350K01/210.7 mi41, Nicola Close, South Croydon, Greater London CR2 6NA3

Local Rents

50 rents from £1.8K/mo to £2.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.05 miTanfield Road, Croydon, CR03
£1,75001/250.05 mi-3
£2,22512/240.08 miSouthbridge Road, Croydon, CR03
£2,40012/240.14 miWandle Road, Croydon, CR03
£2,40002/240.14 mi-3
£2,28012/240.2 miMasons Avenue, Central Croydon, Croydon, CR03
£2,10012/240.2 mi-3
£2,30012/240.22 mi-3
£2,20012/240.27 miEdridge Road, CR03
£2,40003/250.27 mi-3
£2,50012/240.28 miBoulevard Point, Croydon, CR03
£2,50003/250.29 mi-3
£2,50003/250.29 mi-3
£2,10002/240.3 mi-3
£2,20003/250.3 mi-3
£2,20004/250.3 mi-3
£1,99501/250.31 mi-3
£1,85012/240.31 miMulgrave Road, Croydon3
£2,35012/240.31 mi-3
£1,99504/250.31 mi-3
£1,85012/240.32 miSt. Peters Road, Croydon, CR03
£2,00003/240.32 mi-3
£2,41712/240.37 miPark Lane, South Croydon, Surrey, CR03
£2,25012/240.4 miDenning Avenue, Croydon, CR03
£2,39712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,29712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,41712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,49712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,39712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,53712/240.43 miPark Lane, South Croydon, Surrey, CR03
£2,50012/240.43 mi-3
£1,85012/240.45 miSt Leonards Road, Croydon3
£2,30012/240.46 mi-3
£1,85012/240.46 mi-3
£2,07004/250.48 mi-3
£2,49003/250.48 mi-3
£2,19504/250.48 mi-3
£2,30002/250.48 mi-3
£2,50004/250.51 mi-3
£2,20012/240.53 miSouth Park Hill Road, SOUTH CROYDON3
£2,30004/250.53 mi-3
£1,75012/240.55 miKemble Road3
£2,10012/240.57 mi-3
£2,40001/250.58 mi-3
£2,40001/250.58 mi-3
£2,21012/240.59 miCollege Road, Croydon, CR03
£2,18812/240.6 miCollege Road, East Croydon, CR03
£2,18812/240.6 miCollege Road, East Croydon, CR03

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

1.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £425,000

January 21, 2025

Floor Plans

Description

  • 3 Bedoom Family Home +
  • Popular Location Close to amenities +
  • Walking Distance to 2 Stations +
  • Through Lounge and Dining Room +
  • Spacious Kitchen +
  • Ground Floor Bathroom & Sep W.c +
  • 3 Double Bedrooms +
  • Pleasant & Private Rear Garden +
  • Requires Some Modernisation +

This charming Victorian mid-terraced home offers a wonderful opportunity for those seeking to put their personal touch on a property while benefiting from spacious, well-proportioned rooms. While requiring some internal updating, this home retains much of its period charm and boasts an impressive layout, ideal for both family living and entertaining.
The ground floor features a generously sized through lounge and dining area, whilst the spacious kitchen offers ample room for modern updates, with the potential to transform it into the heart of the home. Additionally, the property benefits from a ground-floor bathroom and a separate W.C., providing convenience and practicality.
Upstairs, the home comprises three double bedrooms, all well-sized and versatile, offering plenty of space for comfortable living, storage, or even a home office setup.
The property is conveniently located close to both South Croydon and East Croydon stations, making it ideal for commuters. Furthermore, it is just a short distance from the vibrant 'Restaurant Quarter,' renowned for its diverse selection of dining options and lively atmosphere.
With its spacious interior, excellent location, and potential for improvement, this Victorian gem offers a rare opportunity to create a beautiful, personalized home in a sought-after area.

Central Croydon, Purley Town Centre and the Purley Way are all easily accessible providing facilities to include shopping, leisure and entertainment. Within minutes walk is the highly regarded 'Whitgift' Boys School renown for their all round academic and sporting achievements. South Croydon Station is approximately 10 minutes walk away for access into Central London, Clapham and many other networks including tube lines.

Agent Details

Hubbard Torlot, Sanderstead

020 3910 6353

Next Steps?

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