Flat 8, 390 London Road, Croydon, Surrey, CR0 2SW

Description

A Second Floor Two Bedroom Flat. The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and eight upper floors.

Accommodation

Second Floor: Reception Room, Kitchen, Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Beddington Park are within easy reach. Transport links are provided by West Croydon overground station and rail station.

Tenure / Property Information

Investment Analysis

Same-address completed sales range from £175,000 to £245,000. The latest supplied sale was £240,000 on 29 May 2026, while the other evidence shows material variation. A cautious evidence-based scenario range is £203,500–£245,000, with £240,000 used as the base GDV. The comparables may not relate to this exact flat, and no condition, service-charge or ground-rent information is supplied.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL or BRRR opportunity only, subject to inspection, achieved-rent validation, full leasehold costs, legal-pack review and finance confirmation. Do not set a maximum bid without those inputs.

Works Required

No refurbishment works are evidenced. The flat should be inspected and the legal pack reviewed before allowing for any works, service charges, ground rent or disbursements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the stated £1,800 admin charge would take the known purchase cost to £106,800 before any works, legal-pack disbursements or other leasehold costs. A 75% refinance against the £240,000 base GDV would be £180,000, but cash left in cannot be calculated because refurbishment and full project costs are unsupported. The strategy is highly dependent on valuation, mortgageability and leasehold charges.

Buy-to-Let Analysis

Advertised asking rents of £2,000–£2,250 pcm imply gross yields of approximately 22.86%–25.71% against the £105,000 guide, before service charges, ground rent, management, maintenance, voids, finance, tax and acquisition costs. These are asking rents rather than achieved rents, and a reliable net yield cannot be established from the supplied evidence.

Flip Analysis

The base GDV is £240,000 based on the latest same-address completed sale. A flip surplus cannot be calculated because refurbishment costs, selling costs and full acquisition costs are not supplied. The evidence does indicate a substantial gap between the guide and recent same-address sales, but those sales may not represent this exact flat or its condition.

Investor Risks & Due Diligence

• Same-address sales show substantial price variation and may not relate to this exact flat.

• Property condition and any refurbishment requirement are not supplied.

• Advertised rents are asking rents, not achieved rents.

• Service charge, ground rent and other leasehold costs are not supplied.

• Legal-pack disbursements may become payable on completion.

• The property is leasehold, with approximately 134 years unexpired, and mortgageability should be confirmed.

• Full project costs and selling costs are unavailable, preventing a reliable flip surplus or maximum-bid calculation.

Recommendation

Investigate as a potential BTL or BRRR opportunity only, subject to inspection, achieved-rent validation, full leasehold costs, legal-pack review and finance confirmation. Do not set a maximum bid without those inputs.

Strategy Rating

Analysis Confidence

There is useful same-address sales and rental asking evidence, but the exact comparable units, condition, refurbishment requirement, service charge, ground rent, disbursements, occupancy and full acquisition costs are not supplied.