2 Bed Terraced House, Single Let, CR8 5NH, £400,000

Lower Road, Kenley, CR8 5NH - 1 views - 9 months ago

BTL
~72 m²
+3 photos

ValuationOvervalued

Sold Prices£247K - £590K
Sold Prices/m²£4.2K/m² - £8K/m²

 

 

Square Metres

~72.09 m²
Price/m²£5.5K/m²

Value Estimate

£386,196

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,500

Rent Estimate

£1,450

Running Costs/mo

£1,560

Cashflow/mo

£-110

Cashflow/yr

£-1,320

Gross Yield

4%

Local Sold Prices

45 sold prices from £247K to £590K, average is £385K. £4.2K/m² to £8K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£370K10/200.03 mi37, Lower Road, Kenley, Greater London CR8 5NH2
£370K03/210.03 mi43, Lower Road, Kenley, Greater London CR8 5NH2
£435K11/220.05 mi74, Little Roke Avenue, Kenley, Greater London CR8 5NJ2
£385K05/210.05 mi52, Little Roke Avenue, Kenley, Greater London CR8 5NJ2
£370K07/210.07 mi83, Little Roke Avenue, Kenley, Greater London CR8 5NP2
£333K05/210.08 mi68, Lower Road, Kenley, Greater London CR8 5ND2
£428K02/230.08 mi72, Lower Road, Kenley, Greater London CR8 5ND2
£370K08/210.09 mi6, Roke Lodge Road, Kenley, Greater London CR8 5NA2
£420K02/230.09 mi21, Roke Lodge Road, Kenley, Greater London CR8 5NA2
£355K01/210.11 mi15, Little Roke Avenue, Kenley, Greater London CR8 5NN2
£357K05/230.14 mi61, Purley Vale, Purley, Greater London CR8 2DW2
£247K09/210.45 mi3a, Dale Road, Purley, Greater London CR8 2ED2
£405K12/200.52 mi134, Brancaster Lane, Purley, Greater London CR8 1HH2
£520K11/200.52 mi27, Bencombe Road, Purley, Greater London CR8 4DR2
£375K02/230.57 mi8, Aveling Close, Purley, Greater London CR8 4DW2
£395K02/230.59 mi91, Aveling Close, Purley, Greater London CR8 4DX2
£475K12/220.59 mi71, Haydn Avenue, Purley, Greater London CR8 4AJ2
£336K01/210.6 mi3, Aveling Close, Purley, Greater London CR8 4DX2
£325K11/200.6 mi27, Aveling Close, Purley, Greater London CR8 4DX2
£327.2K04/210.6 mi25, Aveling Close, Purley, Greater London CR8 4DX2
£430K06/210.62 mi183, Aveling Close, Purley, Greater London CR8 4DY2
£375K05/210.63 mi6, Holmes Close, Purley, Greater London CR8 4AT2
£377K11/200.63 mi37, Lansdowne Road, Purley, Greater London CR8 2PD2
£435K02/230.63 mi117, Lansdowne Road, Purley, Greater London CR8 2PE2
£357K03/210.63 mi101, Lansdowne Road, Purley, Greater London CR8 2PE2
£465K11/220.64 mi83, Lansdowne Road, Purley, Greater London CR8 2PE2
£375K03/210.65 mi43, Wontford Road, Purley, Greater London CR8 4BE2
£400K10/210.65 mi14, Lansdowne Road, Purley, Greater London CR8 2PA2
£510K11/220.65 mi39, Wattendon Road, Kenley, Greater London CR8 5LW2
£382K03/210.66 mi88, Lansdowne Road, Purley, Greater London CR8 2PB2
£391K06/210.66 mi50, Lansdowne Road, Purley, Greater London CR8 2PB2
£505K05/210.66 mi7, Wattendon Road, Kenley, Greater London CR8 5LW2
£369K01/210.74 mi1a, Redbarn Close, Purley, Greater London CR8 2AT2
£483K11/200.77 mi82, Riddlesdown Road, Purley, Greater London CR8 1DB2
£400K04/210.77 mi133, Hayes Lane, Kenley, Greater London CR8 5JR2
£417.5K06/210.78 mi38, Purley Rise, Purley, Greater London CR8 3BP2
£590K01/230.79 mi13, Steyning Close, Kenley, Greater London CR8 5LP2
£410K06/210.8 mi2, Bourne View, Kenley, Greater London CR8 5AD2
£425K12/200.87 mi34, Valley Road, Kenley, Greater London CR8 5BQ2
£417.5K03/210.87 mi40, Valley Road, Kenley, Greater London CR8 5BQ2
£341K10/200.9 mi62, Pampisford Road, Purley, Greater London CR8 2NE2
£360K06/210.95 mi17, Stoats Nest Road, Coulsdon, Greater London CR5 2JG2
£360K02/210.98 mi103, Godstone Road, Kenley, Greater London CR8 5BD2
£365K05/210.98 mi35, Stoats Nest Road, Coulsdon, Greater London CR5 2JJ2
£425K03/210.98 mi59, Stoats Nest Road, Coulsdon, Greater London CR5 2JJ2

Local Rents

32 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,49502/240.03 mi-2
£1,52512/240.03 mi-2
£1,50002/240.04 mi-2
£1,75012/240.07 mi2 bedroom End Terrace House in Kenley2
£1,85012/240.12 miSt James Road, Croydon, Purley, CR82
£1,80012/240.12 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.12 miSt James Road, Croydon, Purley, CR82
£1,50012/240.23 miDowns Court Road, Purley, CR82
£1,60012/240.31 miRedwing Court, Purley, CR82
£1,60012/240.31 mi-2
£1,75011/240.32 mi-2
£1,40012/240.32 miPurley, Surrey2
£1,77512/240.33 miNorthwood Avenue2
£1,72503/250.35 mi-2
£1,67512/240.35 miHayes Lane Kenley CR82
£1,45012/240.38 miStunning Refurbished Flat!!2
£1,50012/230.39 mi-2
£1,45002/250.39 mi-2
£1,58502/250.41 mi-2
£1,55002/250.41 mi-2
£1,50002/250.41 mi-2
£1,90012/240.41 mi 2 Bed Split Level Flat To Let in Purley2
£1,70012/240.51 mi-2
£1,65009/240.51 mi-2
£1,70012/240.51 miKendal Court, Kenley, CR82
£1,45012/240.51 miLister Court, Godstone Road, Purley, CR82
£2,20012/240.51 miFirs Road, KENLEY2
£2,45012/240.51 miFirs Road Kenley CR82
£2,20012/240.51 miFirs Road Kenley CR82
£2,00012/240.52 miChurch Road, Kenley, Surrey, CR82
£1,72512/240.62 mi-2
£2,50003/250.62 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £400,000

October 18, 2024

Listed for £425,000

July 15, 2024

Floor Plans

Description

  • Mid-terraced +
  • Two Bedrooms +
  • Upstairs Bathroom +
  • Recently Refurbished +
  • Close to Local Amenities +
  • Upsrtairs Air-Con +

OVERVIEW A well presented and recently refurbished two bedroom, mid terraced home. The accommodation briefly comprises entrance hall, living/dining room with solid oak flooring, feature fireplace and fitted shutters throughout. The separate kitchen has been refurbished to a high standard with gloss finish, solid worktops and ceramic sink. Upstairs, there are two well-proportioned bedrooms both benefitted from air conditioning and a contemporary family bathroom featuring both a bath and walk-in shower. Outside, the rear garden features a patio area for entertaining whilst the rest is mainly laid to lawn. LOCATION Lower Road is a popular residential location consisting mainly of terraced period homes. The location is popular with young families due to it’s close proximity to local schools, transport links and amenities. Nearby, Kenley and Purley train stations provide a regular service into London. There are also a number of local bus routes closeby. Purley town centre features an array of cafe’s, bars and restaurants; ideal for meeting with friends and socialising. There is also a Tesco Extra for your convenience. For schools, both Beaumont Primary and Harris Primary Academy are rated ‘Outstanding’ via Ofsted.

EPC Rating: D

Agent Details

Move Revolution, Covering Surrey/Sussex

01737 301581

Next Steps?

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