2 Bed Flat, Refurb/BRRR, Croydon, CR0 6QB, £250,000

Fourways, Canning Road, CR0 6QB - 13 days ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~57 m²
+1 photos

ValuationOvervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.5K/m² - £12.2K/m²

 

 

Square Metres

~57 m²
Price/m²£4.4K/m²

Value Estimate

£243,950

 

 

End Value (After Refurb)

£269,700

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£30,127

Bridging Loan Interest

£6,563

Total Cash In

£117,140

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,700

Mortgage (After Refinance)

£202,275

Mortgage LTV

75%

Cash Released

£14,775

Cash Left In

£102,365

Equity

£67,425

Rent Range

£1,295 - £2,999

Rent Estimate

£1,724

Running Costs/mo

£1,208

Cashflow/mo

£516

Cashflow/yr

£6,197

ROI

5%

Gross Yield

8%

Local Sold Prices

47 sold prices from £200K to £660K, average is £298K. £2.5K/m² to £12.2K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£248K04/210.04 mi50c, Canning Road, Croydon, Greater London CR0 6QF2
£329.2K06/210.17 mi35a, Chisholm Road, Croydon, Greater London CR0 6UQ2
£282.5K06/230.19 mi45a, Havelock Road, Croydon, Greater London CR0 6QQ2
£299.5K10/210.2 mi17, Leyburn Gardens, Croydon, Greater London CR0 5NL2
£300K04/230.21 mi63, Fisher Close, Croydon, Greater London CR0 6QY2
£660K06/210.22 mi65, Addiscombe Road, Croydon, Greater London CR0 6SD2
£334K07/230.23 mi44a, Oval Road, Croydon, Greater London CR0 6BJ2
£260K06/210.26 mi53d, Outram Road, Croydon, Greater London CR0 6XG2
£320K12/200.27 mi93, Turnpike Link, Croydon, Greater London CR0 5NU2
£275K11/210.27 mi43, East India Way, Croydon, Greater London CR0 6NZ2
£335K10/210.3 mi12, Fleetwood Close, Croydon, Greater London CR0 5HD2
£287K08/210.3 mi32, Fleetwood Close, Croydon, Greater London CR0 5HD2
£326K09/210.36 mi6, Garrick Crescent, Croydon, Greater London CR0 5PW2
£375K02/230.36 mi35, Bardsley Close, Croydon, Greater London CR0 5PS2
£375K03/210.38 mi44, Granville Close, Croydon, Greater London CR0 5PX2
£340K02/210.41 mi25, Green Acres, Croydon, Greater London CR0 5UW2
£292.5K02/230.41 mi89, Granville Close, Croydon, Greater London CR0 5PY2
£343K09/210.43 mi12, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£318K11/200.43 mi17, Coverdale Gardens, Croydon, Greater London CR0 5LS2
£367.5K09/210.43 mi36, Green Acres, Croydon, Greater London CR0 5UW2
£257K08/210.44 mi33, Burnham Gardens, Croydon, Greater London CR0 6NP2
£266K02/230.44 mi30, Burnham Gardens, Croydon, Greater London CR0 6NP2
£265K01/230.44 mi42, Burnham Gardens, Croydon, Greater London CR0 6NP2
£352K06/210.45 mi8a, Vincent Road, Croydon, Greater London CR0 6ED2
£255K07/230.46 mi54, Chichester Road, Croydon, Greater London CR0 5NB2
£327K12/200.47 mi44, Green Acres, Croydon, Greater London CR0 5UX2
£337.5K12/200.52 mi74, Dartnell Road, Croydon, Greater London CR0 6JA2
£262K03/210.66 mi18, Brampton Road, Croydon, Greater London CR0 6JN2
£259.5K01/210.66 mi32, Brampton Road, Croydon, Greater London CR0 6JN2
£294K03/230.77 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£260K02/210.86 mi58, Woodside Green, London, Greater London SE25 5EU2
£298K01/230.88 miFlat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT2
£245K12/210.88 mi15, Hardcastle Close, Croydon, Greater London CR0 6XQ2
£200K06/210.91 mi7, Coe Avenue, London, Greater London SE25 5HN2
£320K12/220.91 miFlat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN2
£310K05/230.92 mi82, Campden Road, South Croydon, Greater London CR2 7EP2
£285K12/200.92 mi88, Campden Road, South Croydon, Greater London CR2 7EP2
£355K12/220.92 mi56, Campden Road, South Croydon, Greater London CR2 7EP2
£332.5K06/230.92 mi70, Campden Road, South Croydon, Greater London CR2 7EP2
£243K02/230.93 miFlat 4, Southdown Court, Birdhurst Road, South Croydon, Greater London CR2 7EA2
£270K02/230.93 mi24, Charles Street, Croydon, Greater London CR0 1TR2
£306K12/200.94 mi4a, St Peters Road, Croydon, Greater London CR0 1HD2
£295K11/210.99 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£330K01/230.99 mi2f, Birdhurst Rise, South Croydon, Greater London CR2 7ED2
£270K08/230.99 mi60, Manning Gardens, Croydon, Greater London CR0 7DU2
£265K11/200.99 mi39, Manning Gardens, Croydon, Greater London CR0 7DU2
£280K02/210.99 mi66, Manning Gardens, Croydon, Greater London CR0 7DU2

Local Rents

50 rents from £1.3K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.01 miPrincess Court, Canning Road, Croydon, CR02
£1,60003/250.11 mi-2
£1,85001/250.11 mi-2
£1,40012/240.11 mi135 Addiscombe Road, Croydon, CR0 6SJ2
£2,10003/250.12 mi-2
£1,50012/240.13 miAddiscombe Road, Croydon, CR02
£1,50002/250.13 mi-2
£1,82512/240.13 miAddiscombe Road, Croydon, CR0 6SA2
£1,85002/250.14 mi-2
£1,85503/250.15 mi-2
£1,50003/250.15 mi-2
£1,75012/240.15 miAddiscombe Road, CROYDON2
£1,60012/240.15 miElgin Road, Croydon, CR02
£1,60012/240.16 miAddiscombe Road, Croydon, CR02
£1,49502/240.16 mi-2
£2,96902/240.17 mi-2
£2,99903/250.17 mi-2
£1,40002/250.17 mi-2
£1,29502/250.17 mi-2
£1,70002/240.17 mi-2
£1,75003/240.19 mi-2
£1,65002/250.19 mi-2
£1,55012/240.19 miCecil Court, Addiscombe Road, Croydon, CR02
£1,72512/240.19 miLeyburn Gardens, Croydon, CR02
£1,72503/240.19 mi-2
£1,65002/240.19 mi-2
£1,60012/240.2 miBishops Court, Croydon Croydon CR02
£1,60012/240.2 miInnova Court, Leslie Park Road, Croydon, Surrey, CR02
£1,75002/240.21 mi-2
£1,55012/240.21 miLower Addiscombe Road, Addiscombe, CR02
£1,32512/240.22 miHavelock Road, Croydon, CR02
£1,60012/240.22 miLynden Hyrst, Addiscombe Road2
£1,67512/240.22 miWarren Road, Croydon, CR02
£1,39512/240.22 miLynden Hyrst, East Croydon2
£1,75012/240.23 miHastings Road, Croydon, CR02
£1,52112/240.23 miOval House, Croydon, London2
£1,70012/240.23 miHastings Road, Croydon, CR02
£1,85012/240.23 miPark Hill Rise, Croydon, CR02
£1,85012/240.23 miPark Hill Rise, Croydon, CR02
£1,90002/240.23 mi-2
£1,70012/240.23 miMayfair Court, 15 Park Hill Rise, Croydon, CR02
£1,90003/240.23 mi-2
£1,80003/250.23 mi-2
£1,70012/240.24 miPark Hill Rise, Croydon, CR02
£1,75003/250.24 mi-2
£1,80003/250.25 mi-2
£1,80002/250.25 mi-2
£1,72503/250.25 mi-2
£1,70002/250.25 mi-2
£1,80001/250.25 mi-2

Local Area Statistics

Population in CR0

153,803

Population in Croydon

153,811

Town centre distance

0.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £250,000

March 21, 2025

Floor Plans

Description

  • REQUIRES MODERNISATION +
  • IDEAL INVESTMENT OR 1ST TIME BUY +
  • CLOSE TO EAST CROYDON +
  • GROUND FLOOR FLAT +
  • TWO DOUBLE BEDROOMS +
  • LOUNGE WITH PRIVATE BALCONY +
  • LOVELY OUTLOOK OVER GARDENS +
  • GARAGE AND NO CHAIN +

Situated just a short walk to East Croydon is this ground floor flat requiring modernisation. This two bedroom flat is offered with no onward chain with further accommodation comprising lounge, kitchen and shower room/WC with plenty of built in storage in both inner hallways with a private balcony enjoying views over the extensive communal gardens. Outside there are communal gardens to front and rear along with a garage. Call now to view

Agent Details

Hyde & Rowe, Croydon

020 3907 2985

Next Steps?

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