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King Henrys Drive, New Addington, Croydon, CR0 - Image 1
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King Henrys Drive, New Addington, Croydon, CR0

South East

£400,000
Listed on 10/11/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1132 sqft

Description

This four-bedroom house in New Addington offers a unique opportunity for those looking to invest in a property with significant renovation potential. While the home requires modernization, it boasts a spacious layout spread across two levels, making it well-suited for families or investors seeking a project. The ground floor includes a sizable living room and a separate dining area, both of which are ready for your personal upgrades. The kitchen provides plenty of space to reimagine the heart of the home. Upstairs, you will find four bedrooms of varying sizes, along with a family bathroom that is primed for refurbishment. Both front and rear gardens add to the outdoor space, offering potential for landscaping or gardening enthusiasts. Off-street parking is also available, enhancing convenience for residents. Situated in New Addington, this location benefits from close proximity to essential amenities such as shops and schools. For those who require access to public transport, Addington Village tram stop is just a short drive away, facilitating easy connections to Croydon town centre and beyond into central London. The balance between suburban life and convenient commuting makes this an appealing area for many. Offered without onward chain, this property serves as a blank canvas awaiting creative transformation. With its ample space and renovation possibilities, early viewing is encouraged to explore the full potential this substantial home has to offer.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -20.4% below area average per sq ft

-20.4%
Potential saving
This Property
£353/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£552,620
10% above area average per sq ft
Potential ROI
+15.1%
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

King Henrys Drive, New Addington, 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