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Old Farleigh Road (R), South Croydon CR2 - Image 1
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Old Farleigh Road (R), South Croydon CR2

South East

£800,000
Listed on 09/04/2024

Property Details

Bedrooms
N/A
Type
Plot

Description

This site presents a unique opportunity for developers, having already received planning consent for the construction of five new residential units. The groundwork has commenced following the demolition of a previous bungalow, making it primed for further development. The approved scheme comprises three three-bedroom houses and two one-bedroom houses, all designed with efficient access routes from Old Farleigh Road. Situated on a 0.2-acre plot, this location boasts strong local amenities, including multiple railway stations that connect to London and surrounding areas, as well as essential shopping facilities nearby. The potential to enhance density further exists, subject to planning permission, which adds to the investment appeal of this project. With excellent schooling options in the vicinity and good transport links to Gatwick Airport via the M25/M23, this property is strategically positioned for residential development.

Investment Analysis

(CR2 area)
Area Average
£466/sq ft
Avg Rent (weekly)
£363
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +2.9%
5 year growth: +4.4%
Investment Disclaimer: Analysis based on CR2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Old Farleigh Road (R), South Croydon CR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,833
Based on a loan of £600,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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