2 Bed Flat, Single Let, CR8 2FD, £310,000

Gemini Court, Brighton Road, Purley, CR8 2FD - 1 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~77 m²
+9 photos

ValuationUndervalued

Sold Prices£245K - £477.5K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~76.92 m²
Price/m²£4K/m²

Value Estimate

£371,780
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£22,200

Total Cash In

£99,700

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,450

Running Costs/mo

£1,279

Cashflow/mo

£171

Cashflow/yr

£2,055

ROI

2%

Gross Yield

6%

Local Sold Prices

21 sold prices from £245K to £477.5K, average is £285K. £3.4K/m² to £7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£273.1K12/220.29 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.37 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.37 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.37 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£290K04/210.44 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£268K12/200.45 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£272K02/230.46 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£288K09/210.47 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.47 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.47 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£245K11/200.5 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£290K11/200.51 mi112, Kingsdown Avenue, South Croydon, Greater London CR2 6QH2
£477.5K04/210.53 mi33, Foxley Lane, Purley, Greater London CR8 3EH2
£477.5K04/210.53 mi33a, Foxley Lane, Purley, Greater London CR8 3EH2
£262.5K06/230.65 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£335K11/210.76 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£295K12/200.8 mi46, The Pines, Purley, Greater London CR8 2DZ2
£269K06/210.8 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£285K12/210.82 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£293.5K02/230.96 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£282.5K11/210.99 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2

Local Rents

50 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.06 miAstoria Court, Purley, Surrey2
£1,45012/240.09 miBourne Court, 60 Pampisford Road, Purley, CR82
£1,65012/240.1 miWoburn Avenue, Purley, CR82
£1,80012/240.11 miPampisford Road, Purley, CR82
£1,62512/240.13 miWhytecliffe Road South, Purley, CR82
£1,85012/240.13 miGlenn Avenue Purley CR82
£1,60003/250.13 mi-2
£1,65001/250.15 mi-2
£1,65001/250.15 mi-2
£1,65001/250.15 mi-2
£1,65002/250.15 mi-2
£1,65002/250.15 mi-2
£1,65002/250.15 mi-2
£1,30012/240.16 mi2 bedroom Second Floor Flat in Purley2
£1,50012/240.18 miWhytecliffe Road South, Purley2
£1,70002/250.18 mi-2
£1,70003/250.18 mi-2
£1,75003/250.18 mi-2
£1,90003/250.18 mi-2
£1,90003/250.18 mi-2
£1,90004/250.18 mi-2
£1,85004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,80004/250.18 mi-2
£1,85001/250.19 mi-2
£1,85004/250.19 mi-2
£1,63512/240.2 mi-2
£1,63512/240.2 miWhytecliffe Road South, Purley, CR82
£1,89512/240.2 miM Residence, Purley, CR82
£1,80004/250.21 mi-2
£1,45012/240.22 miWhytecliffe Road South, Purley2
£1,89512/240.22 miMarvon Court, Russell Green Close, West Purley2
£2,25012/240.25 mi-2
£1,75012/240.26 mi-2
£1,80003/250.26 mi-2
£1,85002/250.28 mi-2
£1,85004/250.28 mi-2
£1,95012/240.29 miBanstead Road, Purley, CR82
£1,90012/240.29 miBanstead Road, Banstead Road, CR82
£1,77502/250.31 mi-2
£1,67004/250.31 mi-2
£1,95012/240.33 mi-2
£1,95012/240.33 mi-2
£1,95012/240.33 mi-2
£1,60002/250.34 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £310,000

January 15, 2025

Listed for £335,000

July 29, 2024

Floor Plans

Description

  • CHAIN FREE +
  • Two Double Bedrooms and Two Bathrooms +
  • Ultra-Convenient Location +
  • Allocated Parking Space +
  • Very Well Presented +
  • EPC Rating: B +
  • Fourth Floor With Lift Service +

Frost Estate Agents are delighted to present this stylish 4th floor apartment located in Gemini Court, a sought after block with lift services found in an ultra-convenient location for commuters, with Purley Mainline station just moments away providing a fast and frequent service to central London. The property is very well presented throughout and would make an ideal first purchase, there is spacious bright accommodation, and also come with the benefit of an allocated parking space. There is no onward chain so ideal for a hassle free and speedy purchase, the building also has passed its EWS1 survey.

The accommodation of 828 sq/ft briefly consists of; entrance hallway with large storage cupboard housing the boiler and a seperate cloak cupboard, a generous 30ft lounge diner with access to a front facing balcony providing great views across the area, there is also an additional side window giving extra light, double doors then lead to the fully fitted kitchen with a range of built in appliances (fridge, freezer, oven, hob, dishwasher, washing machine) wall and base units, there is also a side aspect window.  The two great size double bedrooms both have fitted wardrobes for added convenience, and there are two fully tiled bathrooms (one being en-suite). 

Its central location ideal for commuters – the A23 road heads right into the capital. The M25 and M23 are less than six miles away, and there’s easy access to Gatwick and Heathrow airports. Otherwise, by train, the town is on the main London-to-Brighton railway line and is served by Purley and Purley Oaks station as well as Reedham station on the Tattenham corner line. You can reach London Bridge within 25 mins or London Victoria in approximately 23 mins, Thameslink services are also available at Purley as a further option.

The Purley Way which is close by offers an array of larger style shopping facilities such as electronic superstores, TK Max, Ikea, furniture and interior design, supermarkets, there is also entertainment at Valley Park, all of this on your doorstep means there is not far to venture for all of your requirements. Superb outdoor recreation can be found at Kenley & Riddlesdown Commons, and beautiful Farthing Downs a site of special scientific interest, a long strip of grassland with pockets of ancient woodland, It is the most extensive area of semi-natural downland left in Greater London.

Agent Details

Frost Estate Agents, Purley

020 8660 8228

Next Steps?

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