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Laurier Road, Croydon, CR0 - Image 1
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Laurier Road, Croydon, CR0

South East

£400,000
Listed on 20/09/2023

Property Details

Bedrooms
2
Type
Terraced house
Area
1111 sqft

Description

This spacious two-bedroom house was originally designed as two separate flats, providing a unique opportunity for those looking to invest in a property with significant renovation potential. The layout features an open-plan lounge that flows into the dining area, creating a versatile living space that can be tailored to modern preferences. The kitchen includes a utility room, offering additional storage and functionality. The property comprises two bedrooms and a dressing room, along with a bathroom and a private rear garden—ideal for outdoor relaxation or gardening enthusiasts. With double glazing and gas central heating already installed, the essentials are in place, allowing you to focus on cosmetic updates that will enhance the property's value. Situated conveniently close to local amenities, including shops and schools, this home is also just a short distance from East Croydon Train Station. This location provides easy access to direct train services to both London Bridge and Victoria, making it an attractive option for commuters. With its combination of character features and renovation potential, this property offers an excellent opportunity for first-time buyers or investors looking for a project in an up-and-coming neighborhood.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£360/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£542,368
10% above area average per sq ft
Potential ROI
+23.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
112
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 3.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on CR0 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

Laurier Road, Croydon, CR0
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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
£1,465
Based on a loan of £300,000 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