2-bedroom flat · CR0 5BS
For saleListed todayAuction 11 Nov · in 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Vacant First Floor Two Bedroom Flat
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and four upper floors. The property benefits from lift access.
Tenure
Leasehold. The property is held on a 175 year lease from 7th July 2023 (thus approximately 171 years unexpired ).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Park Hill Recreation Ground are within easy reach.
Transport links are provided by West Croydon overground station and East Croydon rail station.
Accommodation
First Floor
Reception Room with Open-Plan Kitchen Two Bedrooms Bathroom
Exterior
The property benefits from a private balcony.
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About Flat 53 Longitude Apartments, 7 Addiscombe Grove, Croydon, Surrey, CR0 5BS
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