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119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 1
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 2
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 3
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 4
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 5
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 6
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 7
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 8
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 9
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 10
119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD - Image 11

119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD

South East

£800,000
Listed on 09/04/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for developers with planning permission secured for the construction of five new homes. The site spans approximately 0.2 acres and previously hosted a detached bungalow, which has since been demolished, allowing for initial groundwork to commence on the foundations. The approved plans include three three-bedroom houses in a terrace layout and two one-bedroom semi-detached units, all leveraging the existing access from Old Farleigh Road. Located in a well-connected residential area, this plot benefits from proximity to key transport links, shopping facilities, and reputable schools. Furthermore, there is potential to explore additional density under planning guidelines (STPP), making this an attractive investment prospect in the South East.

Investment Analysis

(CR2 area)
Area Average
£468/sq ft
Avg Rent (weekly)
£378
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£180,000 - £250,000
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
22%
Properties sold annually

Local Market Trend (CR2)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +3.1%
5 year growth: +4.9%
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

119 Old Farleigh Road, Selsdon, South Croydon CR2 8QD
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% 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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