5 Oakmead Road, CROYDON, Surrey, CR0 3AS

Description

Freehold three-bedroom terrace house. Full vacant possession.

Accommodation

First floor: Three bedrooms, bathroom, WC. Ground floor: Reception room, kitchen. Outside: rear garden.

Location

The property is situated on Oakmead Road (A236). Shopping amenities including the Whitgift Shopping Centre can be found in Croydon Town Centre located to the south east. Public transport links include Mitcham Junction Rail Station, Beddington Lane Rail Station together with local bus services serving the surrounding areas. Recreational pursuits can be found at Mitcham Common and Mitcham Golf Course.

Tenure / Property Information

Investment Analysis

Recent same-road HM Land Registry sales range from £382,500 to £395,000 for 2024–2025, with an older 2023 sale at £440,000. These comparables are terraced freehold properties but bedroom count and condition are not supplied, so a cautious base GDV of £390,000 is used, with a supported recent-sales range of £382,500–£395,000. The £290,000 guide is materially below this indicative range, before buyer costs, works, finance and selling costs.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase for resale or refinance, subject to inspection, rental research, legal review and confirmation that the property condition supports the comparable values. Do not rely on the apparent margin without establishing works and total project costs.

Works Required

No specific defects or required works are evidenced. Confirm condition, heating, parking, EPC, services and any statutory or decorative requirements before bidding. No refurbishment allowance has been included because the evidence does not support one.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £290,000 guide plus the known £1,800 contract documentation fee, the indicative acquisition cost is £291,800 before works, finance, tax and other seller charges. At a £390,000 base GDV, 75% refinancing is £292,500, leaving approximately £700 more than this stated acquisition cost before refinancing costs and any works. This result is highly sensitive to the unsupported condition, valuation and finance assumptions.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant, so there is no passing rent to assess. Obtain local three-bedroom rental evidence and confirm all acquisition, finance, maintenance and compliance costs.

Flip Analysis

At the £290,000 guide and £390,000 base GDV, the gross value spread before works, finance, tax, selling costs and other charges is £100,000. The indicative surplus cannot be reliably calculated because no supported works or selling-cost allowance is available. Recent comparables support the broad value indication but are not bedroom- or condition-specific.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, so BTL yield and rental cash flow cannot be assessed.

• EPC is listed as TBC.

• Heating and parking information require confirmation.

• The property condition and required works are not evidenced.

• The sold comparables do not state bedroom count or condition, limiting valuation precision.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Finance, tax, selling and refinancing costs are excluded from the indicative calculations.

Recommendation

Potential value-led purchase for resale or refinance, subject to inspection, rental research, legal review and confirmation that the property condition supports the comparable values. Do not rely on the apparent margin without establishing works and total project costs.

Strategy Rating

Analysis Confidence

Same-road completed sales and the guide price are available, but bedroom count and condition of comparables, rental evidence, EPC, heating, parking, works, selling costs and possible seller fees are not supplied.