2 Bed Flat, Refurb/BRRR, CR8 4AX £230,000

Rowland Place, Purley, Surrey, CR8 4AX - 3 views - a year ago
Leasehold
Cash
Refurb/BRRR
ROI: 4%
~65 m²
Property image

ValuationFair Value

Sold Prices£108K - £400K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~65 m²
Price/m²£3.5K/m²

Value Estimate

£234,600

 

 

End Value (After Refurb)

£333,904

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£37,791

Bridging Loan Interest

£6,038

Total Cash In

£117,879

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£333,904

Agent Fees (1%)

£3,339

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£40,186

Local Sold Prices

27 sold prices from £108K to £400K, average is £300K. £1.7K/m² to £6.3K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£260K05/250.13 mi5, Clement Close, Purley CR8 4BZ2
£260K05/250.13 mi5, Clement Close, Purley CR8 4BZ2
£307.5K03/250.39 mi91, Hayes Lane, Kenley CR8 5JR2
£315K09/210.54 mi3, Austin Close, Coulsdon, Greater London CR5 1JT2
£400K09/240.61 mi91 Bellview House, Flat 3, Marlpit Lane, Coulsdon CR5 2HH2
£330K11/240.78 mi24, Cordrey Gardens, Coulsdon CR5 2SP2
£330K11/240.78 mi24, Cordrey Gardens, Coulsdon CR5 2SP2
£300K10/240.81 mi36, Oaklands, Kenley CR8 5LB2
£312K02/250.86 mi8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF2
£355K07/250.87 miFlat 10, 4 Oakhurst Court, Hayes Lane, Kenley CR8 5GZ2
£380K02/250.87 miFlat 2, 31 Smitham Court, Leaden Hill, Coulsdon CR5 2FF2
£380K02/250.87 miFlat 2, 31 Smitham Court, Leaden Hill, Coulsdon CR5 2FF2
£155.3K03/250.88 miFlat 2, Sandringham House, Reddown Road, Coulsdon CR5 1EU2
£155.3K03/250.88 miFlat 2, Sandringham House, Reddown Road, Coulsdon CR5 1EU2
£266.2K07/240.92 miBalmoral House, Flat 7, Hadleigh Grove, Coulsdon CR5 1DQ2
£133.9K05/250.92 miFlat 1, Balmoral House, Hadleigh Grove, Coulsdon CR5 1DQ2
£133.9K05/250.92 miFlat 1, Balmoral House, Hadleigh Grove, Coulsdon CR5 1DQ2
£270K11/240.94 miStation Approach, 1c, Hayes Lane, Kenley CR8 5JD2
£279.5K11/240.95 mi9, Hazeldene Court, Kenley CR8 5DJ2
£322.5K10/240.96 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£322.5K10/240.96 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£300K03/250.96 mi12, Ashurst Close, Kenley CR8 5DH2
£300K03/250.96 mi12, Ashurst Close, Kenley CR8 5DH2
£252K08/210.97 mi49, Waddington Avenue, Coulsdon, Greater London CR5 1QG2
£352K12/220.98 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£205K01/250.99 mi76 Emerald Court, Flat 1, Brighton Road, Coulsdon CR5 2BB2
£108K10/240.99 miKendal Court, 12, Godstone Road, Kenley CR8 5GE2

Local Rents

10 rents from £1.4K/mo to £2.5K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,55011/250.01 miPurley, Surrey2
£1,45008/250.41 mi2 Bedroom Appartment, Kenley - £1450PCM2
£1,45008/250.41 miHayes Lane, Kenley2
£2,20004/250.44 mi-2
£2,20012/240.47 miFirs Road, KENLEY2
£2,45012/240.47 miFirs Road Kenley CR82
£2,20012/240.47 miFirs Road Kenley CR82
£1,60012/240.49 miBirchfield Close, Coulsdon2
£1,60009/250.58 miWindermere Court, Kenley, CR82
£1,60010/250.58 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £230,000

June 20, 2025

Price changed to £250,000

May 15, 2025

Price changed to £270,000

March 16, 2025

Price changed to £289,950

November 26, 2024

Price changed to £295,000

November 8, 2024

Price changed to £300,000

September 25, 2024

Listed for £315,000

June 13, 2024

Floor Plans

Property image

Description

  • Ground Floor Modern Apartment +
  • Two Double Bedrooms +
  • Open Plan Lounge/Diner with Modern Kitchen +
  • Family Bathroom with Shower over Bath +
  • Private Decking Area +
  • Allocated Parking +
  • Electric Security Gated Entrance +
  • 108 Years Remaining on Lease +
  • Great First Time Buy or Investment +
  • No Onward Chain +

CASH BUYERS ONLY Offered with no onward chain and with external renovation works planned and already paid for, is this two double bedroom ground floor apartment which is accessed via an electric security gate with video entry.
Upon entering, you are welcomed by a spacious entrance hall leading into a large open-plan lounge/diner with a modern kitchen. From here, doors open directly onto the large, private decking area. The master bedroom features a built-in wardrobe and also has direct access to the decking. The second double bedroom includes a fitted wardrobe, and there is a family bathroom equipped with a shower over the bath.
The substantial private decking area is a standout feature, offering ample space for garden furniture and outdoor storage. Steps from the decking lead down to a communal lawned area, providing a serene and green outlook. There is the bonus of allocated parking for one vehicle.
Conveniently located, this apartment is within walking distance of both Kenley and Reedham train stations, while Purley town centre and station are just a 10-minute drive away.
An excellent first time purchase or investment as there is also the potential option to purchase with tenant in situ!
Leasehold
108 years remaining on lease
Ground rent: £250pa
Service charge: Approximately £250pcm

Agent Details

Clarendons, South East

01737 301399

Next Steps?

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