1 Hamond Close, South Croydon, CR2 6BZ

Description

A two storey semi-detached house, in need of updating. Benefitting from off-street parking and a rear garden. By order of the Executor. Two bedrooms, both with en-suites. Conveniently located for the amenities of South Croydon and Purley.

Accommodation

Ground floor - Entrance hallway, Reception room, Kitchen, WC. First floor - Two bedrooms both with en-suites.

Location

Convenient road access via Brighton Road (A235), connecting South Croydon with Croydon town centre and Purley. Local shopping facilities, supermarkets, cafés, restaurants and everyday services are available along Brighton Road and in Purley town centre. Croham Hurst Woods provides woodland walks and open green space in South Croydon. Well positioned for access to Purley, Sanderstead, Selsdon and Croydon town centre. Transport National Rail - Purley Oaks.

Tenure / Property Information

Investment Analysis

The two most recent same-road sales were £420,000 and £505,000 in 2025. Earlier same-road sales ranged from £340,000 to £390,000. A provisional base GDV of £462,500 uses the midpoint of the two 2025 sales, with £420,000–£505,000 as an evidence-supported range. Exact comparability, size, specification and condition are not supplied, and this property requires updating.

Investment Snapshot

Strategy Recommendation

Potential value-add purchase subject to a full inspection, confirmed works quotation and disciplined bidding. Do not rely on the guide price or asking rent alone.

Works Required

Update and modernise the house as required following inspection. The evidence does not provide a detailed scope, specification or refurbishment cost, so no works allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the provisional £462,500 base GDV, 75% refinance equates to £346,875. The guide price is below the recent same-road sales, but the required updating works and total project cost are unknown. Cash left in cannot be calculated without a supported works budget, purchase price and applicable fees.

Buy-to-Let Analysis

The advertised asking rent of £2,000 pcm implies £24,000 annual gross rent and a 7.38% gross yield against the £325,000 guide price. The rent is an asking figure rather than achieved rent, and final purchase price, refurbishment costs and other costs are unknown, so yield on total cost cannot be established.

Flip Analysis

The recent same-road evidence supports a provisional resale range of £420,000–£505,000 and a £462,500 base GDV. A flip surplus cannot be calculated because refurbishment costs, final acquisition price, selling costs and transaction fees are not supplied.

Investor Risks & Due Diligence

• The property is described as needing updating, but the scope and cost of works are unknown.

• The auction guide is not the final purchase price and no buyer premium, administration charge or other fees are supplied.

• The £2,000 pcm figure is an advertised asking rent, not achieved or passing rent.

• The comparable sales vary materially in price and their size, specification and condition are not provided.

• EPC, council tax, heating and detailed property information are unavailable.

Recommendation

Potential value-add purchase subject to a full inspection, confirmed works quotation and disciplined bidding. Do not rely on the guide price or asking rent alone.

Strategy Rating

Analysis Confidence

There are two recent same-road sales and one advertised rental, but property size, condition detail, EPC, costs, fees and a refurbishment budget are not supplied.