2 Bed Flat, Single Let, CR8 2PH £280,000

Lansdowne Road, Purley, CR8 2PH - 4 views - a year ago

Sold STC

BTL

ROI: 3%

~60 m²

ValuationFair Value

Sold Prices	£105K - £442.3K
Sold Prices/m²	£2.1K/m² - £6.4K/m²

Square Metres	~60 m²
Price/m²	£4.7K/m²
Value Estimate	£276,923£276,923

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Rent Range	£1,400 - £2,100£1,400 - £2,100
Rent Estimate	£1,381
Running Costs/mo	£1,171£1,171
Cashflow/mo	£210£210
Cashflow/yr	£2,518£2,518
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

48 sold prices from £105K to £442.3K, average is £280.3K. £2.1K/m² to £6.4K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	06/25	0 mi	22, French Apartments, Lansdowne Road, Purley CR8 2PH	£4,532	60	2	Flat
£265K	04/25	0 mi	28, French Apartments, Lansdowne Road, Purley CR8 2PH	-	-	2	Flat
£265K	04/25	0 mi	28, French Apartments, Lansdowne Road, Purley CR8 2PH	£4,492	59	2	Flat
£270K	06/25	0 mi	22, French Apartments, Lansdowne Road, Purley CR8 2PH	-	-	2	Flat
£275K	03/25	0.02 mi	3, French Apartments, Lansdowne Road, Purley CR8 2PH	-	-	2	Flat
£275K	03/25	0.02 mi	3, French Apartments, Lansdowne Road, Purley CR8 2PH	£3,235	85	2	Flat
£288K	09/21	0.03 mi	Flat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£300K	11/22	0.03 mi	Flat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£272K	02/23	0.03 mi	Flat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£382K	06/25	0.11 mi	Flat 4, 57, Brighton Road, Purley CR8 2LR	£5,877	65	2	Flat
£382K	06/25	0.11 mi	Flat 4, 57, Brighton Road, Purley CR8 2LR	-	-	2	Flat
£255K	02/25	0.16 mi	20, Beaumont Road, Purley CR8 2EG	£4,811	53	2	Flat
£260K	05/25	0.22 mi	Flat 4, 14, Brighton Road, Purley CR8 3AA	-	-	2	Flat
£356K	04/25	0.22 mi	Flat 7, 14, Brighton Road, Purley CR8 3AA	£4,450	80	2	Flat
£337K	03/25	0.22 mi	Flat 5, 14, Brighton Road, Purley CR8 3AA	£3,744	90	2	Flat
£356K	04/25	0.22 mi	Flat 7, 14, Brighton Road, Purley CR8 3AA	-	-	2	Flat
£260K	05/25	0.22 mi	Flat 4, 14, Brighton Road, Purley CR8 3AA	£3,421	76	2	Flat
£335K	10/24	0.26 mi	10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB	£5,317	63	2	Flat
£420K	10/24	0.31 mi	4, Flat 2, Woodcote Valley Road, Purley CR8 3AG	£4,000	105	2	Flat
£415K	03/25	0.33 mi	Flat 2, 62 Hawthorne Court, Woodcote Valley Road, Purley CR8 3BD	£5,608	74	2	Flat
£345K	05/25	0.34 mi	6, 15, Grovelands Road, Purley CR8 4LB	£3,791	91	2	Flat
£345K	05/25	0.34 mi	6, 15, Grovelands Road, Purley CR8 4LB	-	-	2	Flat
£105K	11/24	0.34 mi	10 Reynard Court, Flat 1, Foxley Lane, Purley CR8 3EN	£2,386	44	2	Flat
£292K	11/24	0.34 mi	4, Flat 11, Foxley Lane, Purley CR8 3EP	£5,214	56	2	Flat
£130K	11/24	0.44 mi	75 Azalea Court, 30, Whytecliffe Road South, Purley CR8 2AX	£2,281	57	2	Flat
£139K	04/25	0.44 mi	29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX	£2,106	66	2	Flat
£139K	04/25	0.44 mi	29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX	-	-	2	Flat
£200K	08/25	0.45 mi	Flat 26, 11 Gresham Court, Pampisford Road, Purley CR8 2UU	-	-	2	Flat
£280.5K	09/24	0.45 mi	55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY	£4,921	57	2	Flat
£279K	03/25	0.48 mi	37, Partridge Knoll, Purley CR8 1BS	£3,822	73	2	Flat
£325K	08/25	0.5 mi	Flat 16, Gemini Court, Brighton Road, Purley CR8 2FD	-	-	2	Flat
£312K	02/25	0.51 mi	8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF	£4,457	70	2	Flat
£315K	06/25	0.56 mi	14, Park View, Christchurch Road, Purley CR8 2NL	£4,375	72	2	Flat
£315K	06/25	0.56 mi	14, Park View, Christchurch Road, Purley CR8 2NL	-	-	2	Flat
£345K	02/25	0.7 mi	79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH	-	-	2	Flat
£280K	06/25	0.73 mi	16, Lansdowne Court, Brighton Road, Purley CR8 2BD	£4,912	57	2	Flat
£280K	06/25	0.73 mi	16, Lansdowne Court, Brighton Road, Purley CR8 2BD	-	-	2	Flat
£273.1K	12/22	0.77 mi	30a, Purley Park Road, Purley, Greater London CR8 2BS	£3,955	69	2	Flat
£285K	06/21	0.86 mi	666, Brighton Road, Purley, Greater London CR8 2BB	£5,182	55	2	Flat
£248K	07/23	0.86 mi	648, Brighton Road, Purley, Greater London CR8 2BB	-	-	2	Flat
£270K	01/25	0.88 mi	660, Brighton Road, Purley CR8 2BB	£4,909	55	2	Flat
£442.3K	01/25	0.89 mi	7a Athena House, Flat 7, Edgehill Road, Purley CR8 2NB	£5,528	80	2	Flat
£255K	09/21	0.9 mi	11, Drive Mead, Coulsdon, Greater London CR5 2BD	-	-	2	Flat
£300K	01/23	0.9 mi	8, Drive Mead, Coulsdon, Greater London CR5 2BD	£4,615	65	2	Flat
£315K	10/22	0.9 mi	6, Drive Mead, Coulsdon, Greater London CR5 2BD	£6,429	49	2	Flat
£269K	06/21	0.93 mi	74, Lower Barn Road, Purley, Greater London CR8 1HR	-	-	2	Flat
£268K	03/25	0.95 mi	119, Kingsdown Avenue, South Croydon CR2 6QL	£4,702	57	2	Flat
£387.5K	12/24	0.98 mi	103, Flat 9, Montpelier Road, Purley CR8 2QF	£6,055	64	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.1K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	03/25	0 mi	-	2	Flat
£1,500	12/24	0.01 mi	Lansdowne Road, Purley, Croydon(London Borough), CR8	2	Flat
£1,650	09/25	0.01 mi	Lansdowne Road , Purley	2	Flat
£1,500	01/24	0.03 mi	-	2	Flat
£1,500	12/24	0.03 mi	-	2	Flat
£1,700	05/25	0.03 mi	French Apartments, Lansdowne Road, Purley, CR8	2	Flat
£1,600	06/25	0.03 mi	French Apartments, Lansdowne Road, Purley, CR8	2	Flat
£1,550	11/25	0.03 mi	French Apartments, Lansdowne Road, Purley, Surrey, CR8	2	Flat
£1,600	09/25	0.03 mi	Purley	2	Flat
£1,750	06/25	0.04 mi	-	2	Flat
£1,595	12/24	0.05 mi	Lansdowne Road, Purley, Surrey, CR8	2	Flat
£1,750	11/25	0.05 mi	-	2	Flat
£1,550	09/25	0.06 mi	3 Welford House 23 Lansdowne Road	2	Flat
£1,500	02/24	0.1 mi	-	2	Flat
£2,100	12/24	0.1 mi	Purley Rise, Purley, CR8	2	Flat
£2,000	12/24	0.1 mi	Purley Rise, Purley, CR8	2	Flat
£1,950	12/24	0.1 mi	-	2	Flat
£1,850	03/25	0.11 mi	-	2	Terraced House
£2,100	12/24	0.12 mi	Two Bed flat to rent in Purley	2	Flat
£1,950	10/25	0.15 mi	Box ridge Avenue, CR8	2	Flat
£1,695	06/25	0.16 mi	Beaumont Road Purley CR8	2	Flat
£1,600	07/25	0.16 mi	Beaumont Road, Purley, CR8	2	Flat
£1,400	08/25	0.17 mi	Brighton road, CR8	2	Flat
£1,550	03/25	0.2 mi	-	2	Flat
£1,850	02/25	0.22 mi	-	2	Flat
£1,800	04/25	0.22 mi	-	2	Flat
£1,725	12/24	0.26 mi	-	2	Terraced House
£1,750	06/25	0.26 mi	-	2	Terraced House
£1,550	09/25	0.27 mi	Aveling Close, Purley, Surrey, CR8	2	Terraced House
£1,600	12/24	0.28 mi	Aveling Close, Purley	2	Flat
£1,500	07/25	0.28 mi	Brighton Road, Purley	2	Flat
£1,500	08/25	0.29 mi	Brighton Road, Purley CR8	2	Flat
£1,550	06/25	0.29 mi	Brighton Road, CR8	2	Flat
£1,950	12/24	0.29 mi	Banstead Road, Purley, CR8	2	Flat
£1,900	12/24	0.29 mi	Banstead Road, Banstead Road, CR8	2	Flat
£1,850	08/25	0.29 mi	Banstead Road, Purley, CR8	2	Flat
£1,400	10/25	0.29 mi	Whytecliffe Road South, Purley, Croydon(London Borough), CR8	2	Flat
£1,950	11/25	0.29 mi	-	2	Flat
£1,450	12/24	0.29 mi	Whytecliffe Road South, Purley	2	Flat
£1,850	10/25	0.3 mi	Banstead Road, Purley, CR8	2	Flat
£1,895	12/24	0.3 mi	M Residence, Purley, CR8	2	Flat
£1,850	06/25	0.3 mi	High Street, Purley, CR8	2	Flat
£1,750	10/25	0.3 mi	M Residence, Purley, CR8	2	Flat
£1,900	08/25	0.3 mi	High Street, Croydon, Purley, CR8	2	Flat
£1,850	10/25	0.3 mi	High Street, Croydon, Purley, CR8	2	Flat
£1,850	10/25	0.3 mi	High Street, Croydon, Purley, CR8	2	Flat
£1,895	10/25	0.3 mi	M Residence, Purley, CR8	2	Flat
£1,550	10/25	0.3 mi	Lister Court, Godstone Road, Purley	2	Flat
£1,850	10/25	0.3 mi	High Street, London, CR8	2	Flat
£1,850	11/25	0.3 mi	-	2	Flat

Local Area Statistics

Population in CR8	32,30132,301
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Price changed to £280,000

October 15, 2024

Listed for £300,000

June 26, 2024

Floor Plans

Description

Chain free +
Shared freehold +
Allocated parking +
Concierge +
Communal grounds +

A charming second floor two double bedroom modern apartment for sale forming part of a sought-after gated development in the heart of Purley.

The bright accommodation comprises reception room, kitchen, two double bedrooms, modern bathroom and a private balcony. The property further benefits from no onward chain, an allocated parking space, communal gardens with a fountain and small stream as well as a shared freehold.

French Apartments is well located for access to both Purley and Reedham stations. The centre of Purley with its array of bars, shops and restaurants is nearby.

Agent Details

Stirling Ackroyd Sales, Croydon

020 3872 3474

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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