1-bedroom flat · CR0 7ED
No longer listedReduced £50 (−4%) on 23 SepListed 59 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Cray and Norton are delighted to present to the market this one double bedroom first floor flat.
The property has recently been refurbished and comprises of a front reception room, large double bedroom, modern stylish bathroom and a good sized kitchen.
Located a short distance from all the amenities and transport links on offer in Addiscombe to include tramlink, this property must be viewed to be fully appreciated.
Offered to the market unfurnished, contact Cray and Norton to arrange your appointment to view to avoid disappointment.
Tenant Payment Requirements: •The rent •A refundable tenancy deposit capped at 5 weeks' rent where the annual rent is less than £50,000, or six weeks' rent where the total annual rent is £50,000 or above * •A refundable holding deposit (to reserve a property) of one weeks rent * •Payments to change the tenancy when requested by the tenant, £50 inc VAT •Payments associated with early termination of the tenancy, when requested by tenant •Payments in respect of utilities, communication services, TV licence and council tax; and •A default fee for late payment of rent and replacement of a lost key/security device, where under a tenancy agreement *You may be liable for damage to the property at the end of the tenancy if the property is not returned to the landlord in a similar condition as when rented out, any damages can be claimed from your deposit.
*A holding fee will be retained where a tenant provides false or misleading information which we can reasonably consider when deciding to let a property - this can include a tenants behaviour in providing false or misleading information, failing a right to rent check, withdrawing from a property, failing all reasonable steps to enter into a tenancy agreement and the landlord or agent taking all reasonable steps to do so.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 54a, Bingham Road, Croydon
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