0 bed Block of flats (for sale) Mayfield Road, South Croydon CR2

£7,450,000
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Vesta Property
TechHub, 1-15 Clere St, Shoreditch, London
020 8115 4124
First Published

30th Jul 2020

Last Published

30th Jul 2020

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

This is an investment opportunity to purchase a 21-unit portfolio generating £314,064 gross rent pa & 4.2% gross yield. Properties are located in London, Croydon and Purley.

Vendor is open to selling individual properties

Portfolio information

21-unit portfolio consisting of:

4 x 3-unit blocks
1 x 8-unit block
1 x 2-bed apartment
The properties are broken down as follows:

7 x 1-bed apartments
24 x 2-bed apartments
2 x 3-bed apartments
Fully tenanted
EPC ratings B, C & D
The properties are located in London, Croydon and Purley

Rental income

Fully tenanted
Current aggregate rental income: £26,172 pcm; £314,064 pa

Available upon request

Portfolio breakdown
EPCs for all units
All floorplans

Note

Please note that Vesta has not visited the properties and that all material has been provided by the vendor.

 

Local info for CR2

Floor plan

 

Property Value Data/Graphs for CR2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 44.3% £296,593 1.6 0.9
Semi-detached house 20.2% £482,076 3.3 0.9
Detached house 14.3% £737,792 4.1 1.6
Terraced house 5.6% £389,912 2.6 1.2
Maisonette 3.9% £262,307 1.6 1
End terrace house 3.2% £450,000 3 1.3
Other 2.4% £524,223 3.5 2.2
Bungalow 1.5% £505,625 2.8 1.3
Studio 1.3% £193,207 0.1 0.7
Detached bungalow 1.3% £599,286 3.4 0.9
Town house 0.9% £460,000 3.6 1.4
Semi-detached bungalow 0.6% £400,000 2.7 0
Land 0.4% £2,525,000 0 0
Link-detached house 0.2% £525,000 3 2

Area Information

Average Price Paid

£449,446

Sales

4974

Current Average Value

£427,792

Value Change

£21,654 5.1%

 

Current Asking Prices in CR2 Average: £427,792

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £244,990 (5) £346,483 (32) £476,802 (112) £627,134 (84) £764,677 (31)
Flats £259,095 (109) £314,632 (142) £386,111 (9) - -
All £258,477 (114) £320,489 (174) £470,057 (121) £627,134 (84) £764,677 (31)

Nearby Properties

5 bed Semi-detached house () Upper Cheyne Row, Chelsea, London SW3 £22,000,000
6 bed Detached house () Parkside, Wimbledon SW19 £12,500,000
6 bed Detached house () Parkside, Wimbledon Village, London SW19 £12,500,000
10 bed Detached house () Old Battersea House, Vicarage Crescent, Battersea, London SW11 £9,975,000
3 bed Flat () St. George Wharf, London SW8 £9,950,000
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