2 Bed Flat, Single Let, CR3 6SL £250,000

Harestone Hill, Caterham, CR3 6SL - 1 views - a year ago

Under Offer

Leasehold

BTL

ROI: 4%

~69 m²

ValuationUndervalued

Sold Prices	£107K - £517K
Sold Prices/m²	£1.9K/m² - £5.8K/m²

Square Metres	~68.56 m²
Price/m²	£3.6K/m²
Value Estimate	£289,108£289,108
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£16,200£16,200
Total Cash In	£78,700£78,700

Cash Out
Rent Range	£1,250 - £2,750£1,250 - £2,750
Rent Estimate	£1,296
Running Costs/mo	£1,060£1,060
Cashflow/mo	£236£236
Cashflow/yr	£2,827£2,827
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £107K to £517K, average is £300K. £1.9K/m² to £5.8K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	06/25	0.11 mi	6, Russett Court, Tupwood Lane, Caterham CR3 6DA	£4,403	67	2	Flat
£295K	06/25	0.11 mi	6, Russett Court, Tupwood Lane, Caterham CR3 6DA	-	-	2	Flat
£320K	01/23	0.12 mi	25, Eothen Close, Caterham, Surrey CR3 6JU	-	-	2	Flat
£350K	06/21	0.12 mi	30, Eothen Close, Caterham, Surrey CR3 6JU	-	-	2	Flat
£300K	04/23	0.12 mi	3, Eothen Close, Caterham, Surrey CR3 6JU	£4,545	66	2	Flat
£377.5K	06/21	0.12 mi	28, Eothen Close, Caterham, Surrey CR3 6JU	£4,548	83	2	Flat
£275K	03/25	0.17 mi	2, Mountside, Church Hill, Caterham CR3 6SA	£4,104	67	2	Flat
£275K	03/25	0.17 mi	2, Mountside, Church Hill, Caterham CR3 6SA	-	-	2	Flat
£280K	04/23	0.17 mi	Flat 10, Devon House, Church Hill, Caterham, Surrey CR3 6SB	-	-	2	Flat
£295K	08/25	0.19 mi	7, 1 Chandlers Place, Harestone Valley Road, Caterham CR3 6HL	-	-	2	Flat
£290K	03/25	0.19 mi	10, Mountside, Church Hill, Caterham CR3 6SA	£4,143	70	2	Flat
£280K	06/23	0.2 mi	Flat 12, Elizabeth House, Godstone Road, Caterham, Surrey CR3 6RF	-	-	2	Flat
£517K	11/24	0.22 mi	The Gardens, Flat 6, Church Hill, Caterham CR3 6FR	£5,119	101	2	Flat
£291.9K	07/25	0.22 mi	11, The Hill, Church Hill, Caterham CR3 6SD	-	-	2	Flat
£290K	04/25	0.23 mi	15, The Hill, Church Hill, Caterham CR3 6SD	£5,088	57	2	Flat
£290K	04/25	0.23 mi	15, The Hill, Church Hill, Caterham CR3 6SD	-	-	2	Flat
£300K	02/25	0.24 mi	The Hill, 17, Church Hill, Caterham CR3 6SD	£5,769	52	2	Flat
£395K	11/24	0.25 mi	14, Churchview Close, Caterham CR3 6EZ	£3,405	116	2	Flat
£300K	03/25	0.25 mi	10, Churchview Close, Caterham CR3 6EZ	£3,093	97	2	Flat
£305K	01/25	0.25 mi	86 Richmond House, 4, Harestone Valley Road, Caterham CR3 6HF	£5,000	61	2	Flat
£360K	06/21	0.26 mi	10, St Marys Mount, Caterham, Surrey CR3 6SJ	-	-	2	Flat
£435K	06/23	0.26 mi	3, St Marys Mount, Caterham, Surrey CR3 6SJ	-	-	2	Flat
£425K	11/24	0.27 mi	12, St Mary's Mount, Caterham CR3 6SJ	£4,167	102	2	Flat
£382.5K	11/24	0.28 mi	16, St Mary's Mount, Caterham CR3 6SJ	£4,069	94	2	Flat
£475K	02/25	0.32 mi	9 Chapman House, 6, Stanstead Road, Caterham CR3 6AD	£4,358	109	2	Flat
£515K	03/25	0.32 mi	1, 9 Chapman House, Stanstead Road, Caterham CR3 6AD	£3,931	131	2	Flat
£300K	11/21	0.35 mi	14, Crescent Road, Caterham, Surrey CR3 6LE	£4,484	67	2	Flat
£307K	11/24	0.37 mi	25a, Farningham Road, Caterham CR3 6LL	£4,264	72	2	Flat
£360K	03/25	0.41 mi	Apartment 2, 85 Orbital House, Croydon Road, Caterham CR3 6PD	£4,091	88	2	Flat
£360K	03/25	0.41 mi	Apartment 2, 85 Orbital House, Croydon Road, Caterham CR3 6PD	-	-	2	Flat
£195K	03/23	0.5 mi	Flat 36, Asprey Court, Stafford Road, Caterham, Surrey CR3 6JX	-	-	2	Flat
£283K	04/25	0.51 mi	18, 119 Kingswood Place, Croydon Road, Caterham CR3 6DJ	£3,877	73	2	Flat
£283K	04/25	0.51 mi	18, 119 Kingswood Place, Croydon Road, Caterham CR3 6DJ	-	-	2	Flat
£350K	03/25	0.52 mi	6, 12 Sherwood, Whyteleafe Road, Caterham CR3 5EE	£4,217	83	2	Flat
£255K	09/21	0.55 mi	Flat 4, Newstead House, Markfield Road, Caterham, Surrey CR3 6RN	-	-	2	Flat
£307.5K	03/25	0.57 mi	8, Furrows Place, Caterham CR3 5EH	£4,271	72	2	Flat
£307.5K	03/25	0.57 mi	8, Furrows Place, Caterham CR3 5EH	-	-	2	Flat
£315K	10/21	0.59 mi	3, Furrows Place, Caterham, Surrey CR3 5EH	-	-	2	Flat
£215K	05/21	0.59 mi	4, Furrows Place, Caterham, Surrey CR3 5EH	£3,041	71	2	Flat
£272.5K	07/21	0.6 mi	Flat 157b, Florence Court, Croydon Road, Caterham, Surrey CR3 6PF	-	-	2	Flat
£325K	12/22	0.6 mi	17, Furrows Place, Caterham, Surrey CR3 5EH	£4,794	68	2	Flat
£265K	03/23	0.69 mi	25a, High Street, Caterham, Surrey CR3 5UE	£3,786	70	2	Flat
£245K	02/23	0.69 mi	23a, High Street, Caterham, Surrey CR3 5UE	£3,594	68	2	Flat
£190K	11/24	0.73 mi	Hillcroft Court, 44, Chaldon Road, Caterham CR3 5XB	£2,923	65	2	Flat
£290K	11/22	0.79 mi	1, Rogers Close, Caterham, Surrey CR3 6QW	-	-	2	Flat
£307.5K	01/25	0.8 mi	6, Oaktree Walk, Caterham CR3 5JZ	£5,591	55	2	Flat
£107K	01/25	0.81 mi	Valley Court, 10, Beechwood Gardens, Caterham CR3 6NR	£2,019	53	2	Flat
£327.5K	03/25	0.84 mi	Flat 4, 110 Clifton Place, Chaldon Road, Caterham CR3 5PH	£3,808	86	2	Flat
£120K	11/24	0.87 mi	44, Stafford Rise, Caterham CR3 6JY	£1,875	64	2	Flat
£279K	01/23	0.96 mi	11, Drew Place, Caterham, Surrey CR3 5FE	£4,635	60	2	Flat

Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	05/25	0.08 mi	Tupwood Lane, Caterham	2	Flat
£1,449	05/23	0.1 mi	-	2	Flat
£1,500	06/25	0.1 mi	Tavistock Court, Tupwood Lane, Caterham	2	Flat
£1,500	12/24	0.11 mi	Windrushes Caterham CR3	2	Flat
£1,450	11/25	0.13 mi	2 bedroom Purpose Built Flat in Caterham Valley	2	Flat
£1,450	11/25	0.16 mi	Caterham	2	Flat
£1,400	10/25	0.17 mi	Church Hill, Caterham	2	Flat
£1,475	04/24	0.18 mi	-	2	Flat
£1,600	11/25	0.18 mi	-	2	Flat
£1,550	10/25	0.19 mi	2 bedroom Ground Floor Apartment in Caterham Valley	2	Flat
£1,650	11/25	0.2 mi	Caterham	2	Flat
£1,800	11/23	0.2 mi	-	2	Flat
£1,350	07/25	0.21 mi	Mountside, Church Hill, Caterham, Surrey, CR3	2	Flat
£1,650	11/25	0.21 mi	Caterham	2	Flat
£1,650	09/25	0.21 mi	Caterham	2	Flat
£1,650	10/25	0.22 mi	2 bedroom First Floor Apartment in Caterham Valley	2	Flat
£1,550	07/25	0.22 mi	2 bedroom First Floor Flat in Caterham Valley	2	Flat
£2,750	10/24	0.22 mi	-	2	Flat
£1,550	10/25	0.22 mi	Harestone Valley Road, CATERHAM	2	Flat
£1,650	11/25	0.25 mi	Godstone Road Caterham CR3	2	Flat
£1,500	05/25	0.26 mi	Godstone Road, Caterham	2	Flat
£1,700	10/25	0.26 mi	Churchview Close Caterham CR3	2	Flat
£1,450	12/24	0.26 mi	Caterham, Surrey	2	Flat
£1,950	12/24	0.26 mi	St. Mary's Mount Caterham CR3	2	Flat
£1,500	07/25	0.27 mi	Richmond House,Harestone Valley Road, Caterham	2	Flat
£1,350	12/24	0.27 mi	Richmond House, Harestone Valley Road, Caterham, Surrey, CR3	2	Flat
£1,800	03/24	0.27 mi	-	2	Flat
£1,600	09/25	0.28 mi	Croydon Road, Caterham	2	Flat
£1,950	03/24	0.28 mi	-	2	Flat
£1,950	12/24	0.28 mi	Timber Hill Road, Caterham, CR3	2	Flat
£1,295	06/25	0.29 mi	Crescent Road, Caterham	2	Flat
£1,750	09/25	0.3 mi	Croydon Road, Caterham	2	Flat
£1,400	04/24	0.31 mi	-	2	Flat
£1,700	09/25	0.31 mi	Mount Pleasant Road, Caterham	2	House
£1,495	06/25	0.32 mi	Caterham	2	Flat
£1,550	12/23	0.35 mi	-	2	Flat
£1,650	10/25	0.38 mi	Croydon Road	2	Flat
£1,300	12/24	0.39 mi	Colin Road, Caterham, Surrey, CR3	2	Flat
£1,450	06/25	0.4 mi	Caterham, Surrey	2	Flat
£1,350	08/25	0.4 mi	Caterham, Surrey	2	Flat
£1,625	11/25	0.4 mi	2 bedroom Purpose Built Apartment in Caterham Valley	2	Flat
£1,400	07/24	0.41 mi	-	2	Flat
£1,495	07/25	0.42 mi	Caterham	2	Flat
£1,500	12/24	0.47 mi	Stafford Road, Caterham, Surrey, CR3	2	Flat
£1,500	02/25	0.47 mi	-	2	Flat
£1,450	12/24	0.48 mi	Tupwood Lane, Caterham	2	Flat
£1,475	07/25	0.48 mi	2 bedroom First Floor Apartment in Caterham Valley	2	Flat
£1,250	12/24	0.5 mi	-	2	Flat
£1,600	09/25	0.51 mi	Commonwealth Road Caterham CR3	2	Terraced House
£1,500	12/24	0.51 mi	Newstead House, Markfield Road, Caterham	2	Flat

Local Area Statistics

Population in CR3	28,74828,748
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-22%-22%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £250,000

November 2, 2024

Listed for £280,000

August 9, 2024

Floor Plans

Description

Two Double Bedrooms +
Top Floor Flat +
Chain Free +
Lease Extended Upon Completion +
Communal Garden & Parking. +

This property truly represents a home that a new buyer can move straight into and start enjoying immediately. This larger than average two double bedroom top floor apartment, positioned in a cul-de-sac spot off of Harestone Hill, is just a short distance to Caterham Valley and Caterham Station, perfect for those commuters.

Offering double aspect, you enter this property via a spacious hallway, where you have a modern fitted Kitchen, and Shower room overlooking the rear, plus two larger than average double bedrooms, and generous reception room with views to the front.

Outside

Located within a popular purpose-built development, surrounded by communal green space plus many, restriction free communal parking spaces. The property provides a wonderful green outlook, with the complex bordered by mature tree, and communal lawned areas. Not to mention a private allocated storage shed

Situation

Harestone Hill is a sought-after residential road leading to the town centre. Caterham offers a wide range of shops, cafes, bars, restaurants and supermarkets, including a Waitrose. The M25 is accessible at Junction 6 around 2.5 miles away. There are recreational facilities at Queens Park and The Surrey National Golf Course at Chaldon, with open countryside locally including walks along the North Downs Way.

TRAIN SERVICES: Caterham Station (0.4 miles) provides services to London Bridge and Victoria in approximately 45 minutes. Property Ref Number: HAM-53817

Agent Details

Hamptons, Caterham

01883 779609

Next Steps?

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

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