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Kingsdown Avenue, South Croydon

South East

£700,000
Listed on 04/06/2025

Property Details

Bedrooms
6
Type
Semi-detached house
Area
1722 sqft

Description

This semi-detached residence presents a promising opportunity for investors, featuring six bedrooms arranged to maximize rental potential. Currently utilized as a House in Multiple Occupation (HMO), the layout includes four or five spacious double bedrooms along with a self-contained studio annex. This configuration not only provides flexible living arrangements but also enhances the property’s income-generating capacity. The communal areas are designed for practicality, with three shared bath and shower rooms alongside a large kitchen and dining space that encourages social interaction among tenants. The sizable enclosed rear garden adds to the appeal, offering outdoor space that can be enjoyed by residents or potentially transformed into additional functional areas. Situated in a location conducive to rental demand, this property is well-positioned for both immediate cash flow and long-term value appreciation. Off-road parking further enhances its attractiveness to prospective tenants while providing convenient access to the rear garden. With ample potential for renovation and development (subject to planning permission), there is significant room for improvement that could lead to increased rents and overall property value. This makes it an ideal candidate for those looking to capitalize on the growing rental market while also exploring options for expansion or enhancement.

Investment Analysis

(CR2 area)

Below Market Value

This property is priced -13.1% below area average per sq ft

-13.1%
Potential saving
This Property
£407/sq ft
Area Average
£468/sq ft
Avg Rent (weekly)
£405
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£886,107
10% above area average per sq ft
Potential ROI
+19.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CR2)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 3.6%
5 year growth: 7.9%
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

Kingsdown Avenue, South Croydon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE