2 Bed Flat, Single Let, CR8 2BD £257,500

Brighton Road, Purley, CR8 2BD - 4 views - a year ago
Sold STC
BTL
ROI: 5%
~62 m²
Property image

ValuationUndervalued

Sold Prices£105K - £442.3K
Sold Prices/m²£2.1K/m² - £6.1K/m²

 

 

Square Metres

~61.63 m²
Price/m²£4.2K/m²

Value Estimate

£297,878
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£64,375

Stamp Duty & Legal Fees

£9,300

Total Cash In

£73,675

 

 

Cash Out

 

Rent Range

£1,450 - £2,250

Rent Estimate

£1,450

Running Costs/mo

£1,115

Cashflow/mo

£335

Cashflow/yr

£4,024

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £442.3K, average is £284K. £2.1K/m² to £6.1K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£280K06/250.03 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2
£280K06/250.03 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2
£273.1K12/220.08 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.13 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.13 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£270K01/250.15 mi660, Brighton Road, Purley CR8 2BB2
£315K06/250.18 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£315K06/250.18 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£268K03/250.22 mi119, Kingsdown Avenue, South Croydon CR2 6QL2
£442.3K01/250.24 mi7a Athena House, Flat 7, Edgehill Road, Purley CR8 2NB2
£325K08/250.25 miFlat 16, Gemini Court, Brighton Road, Purley CR8 2FD2
£387.5K12/240.25 mi103, Flat 9, Montpelier Road, Purley CR8 2QF2
£130K11/240.29 mi75 Azalea Court, 30, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.29 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.29 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£200K08/250.33 miFlat 26, 11 Gresham Court, Pampisford Road, Purley CR8 2UU2
£262.5K06/230.41 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£340K07/250.47 mi54, Chancellor Gardens, South Croydon CR2 6WB2
£292K11/240.48 mi4, Flat 11, Foxley Lane, Purley CR8 3EP2
£105K11/240.51 mi10 Reynard Court, Flat 1, Foxley Lane, Purley CR8 3EN2
£260K05/250.53 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.53 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£337K03/250.53 miFlat 5, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.53 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£260K05/250.53 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£335K10/240.53 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2
£335K11/210.57 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£284K05/250.58 miFlat 9, 198 Milford House, Pampisford Road, South Croydon CR2 6DB2
£284K05/250.58 miFlat 9, 198 Milford House, Pampisford Road, South Croydon CR2 6DB2
£275K11/240.59 miHurst View Grange, 15, Pampisford Road, South Croydon CR2 6DL2
£345K02/250.59 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£420K10/240.61 mi4, Flat 2, Woodcote Valley Road, Purley CR8 3AG2
£285K12/210.63 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£275K02/250.64 mi50a, Blenheim Crescent, South Croydon CR2 6BP2
£330K06/250.67 miFlat 1, 38, Blenheim Crescent, South Croydon CR2 6BN2
£305K11/240.69 mi3, Flat 3, Parrs Close, South Croydon CR2 0QX2
£340K01/250.7 mi167, Flat 10, Pampisford Road, South Croydon CR2 6LS2
£280.5K09/240.7 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£272K02/230.7 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£288K09/210.7 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.7 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£289K05/250.72 miFlat 3, 8, Parrs Close, South Croydon CR2 0QX2
£289K05/250.72 miFlat 3, 8, Parrs Close, South Croydon CR2 0QX2
£340K01/250.73 mi9, Theresa's Walk, South Croydon CR2 0AU2
£279K03/250.73 mi37, Partridge Knoll, Purley CR8 1BS2
£270K06/250.73 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.73 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.73 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£270K06/250.73 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£255K02/250.74 mi20, Beaumont Road, Purley CR8 2EG2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,55008/250.03 mi-2
£2,25012/240.03 mi-2
£1,80010/250.03 mi-2
£1,55005/250.04 miPurley Court, 841 Brighton Road2
£1,55009/250.04 miPurley Court, 841 Brighton Road2
£1,52508/250.04 miPurley Court, Brighton Road, Purley2
£1,80004/250.04 mi-2
£1,65011/250.07 mi-2
£1,60007/250.07 miLansdowne Court, Brighton Road, Purley, Surrey, CR82
£1,60008/250.07 miBrighton Road, Purley, CR82
£1,70008/250.08 miPurley Park Road, Purley, CR82
£1,45011/250.08 miPurley Park Road, Purley, CR82
£1,45011/250.08 mi-2
£1,70002/250.08 mi-2
£1,70003/250.08 mi-2
£1,75003/250.08 mi-2
£1,90003/250.08 mi-2
£1,90003/250.08 mi-2
£1,90004/250.08 mi-2
£1,85004/250.08 mi-2
£1,80004/250.08 mi-2
£1,80004/250.08 mi-2
£1,80004/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,80005/250.08 mi-2
£1,60002/250.1 mi-2
£1,70006/250.1 mi-2
£1,75010/250.1 mi-2
£1,60012/240.11 miBrighton Road, Purley, CR82
£1,65001/250.12 mi-2
£1,65001/250.12 mi-2
£1,65001/250.12 mi-2
£1,65002/250.12 mi-2
£1,65002/250.12 mi-2
£1,65002/250.12 mi-2
£1,70008/250.13 miPampisford Road Purley CR82
£1,65012/240.13 miBrighton Road, CR82
£1,65012/240.14 miBrighton Road, Purley2
£2,00001/250.14 mi-2
£1,77502/250.14 mi-2
£1,67004/250.14 mi-2
£1,85012/240.18 miGlenn Avenue Purley CR82
£1,60012/240.19 miMontpelier Road, Purley, CR82
£1,60002/250.19 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £257,500

November 17, 2024

Price changed to £264,500

October 15, 2024

Listed for £270,000

July 29, 2024

Floor Plans

Property image

Description

  • Two Double Bedrooms - First Floor Apartment +
  • 1930's Art Deco Building +
  • Large Garage En-Bloc +
  • Balcony +
  • Ultra Long Lease + Share of Freehold +
  • 0.4 Miles from Purley Train Station +
  • 0.5 Miles from Purley Oaks Train Station +
  • Chain Free +
  • New Carpet & Decor +
  • EPC EER C +

Chain Free Ultra Long Lease + Share of Freehold Private Garage En-Bloc A smartly presented two double bedroom first floor flat forming part of this charming 1930's Art Deco apartment block, conveniently located 0.4 miles from Purley train station & 0.5 miles from Purley Oaks train station.

This bright & airy property is fully double glazed, it has gas central heating, it has been newly decorated and new carpet has been laid throughout. Additionally, there is ample storage, a large garage en-bloc, and there are well-maintained communal gardens across the whole development.

The accommodation comprises two double bedrooms, ample hallway storage, a spacious lounge/ dining room, a modern fitted kitchen with access onto the balcony, and a sizeable three-piece bathroom suite with a shower over-bath.

Furthermore, this property sits moments away from the open green spaces of the Rotary fields, it is nearby the local gym and is moments away from the plethora of shops, bars & restaurants in Purley town centre.

Agent Details

Folklands, Croydon

020 3910 6211

Next Steps?

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