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

The Pines, PURLEY, Surrey, CR8 2DZ - 8 months ago

BTL
ROI: 4%
~65 m²
+7 photos

ValuationUndervalued

Sold Prices£202K - £352K
Sold Prices/m²£3.6K/m² - £11.7K/m²

 

 

Square Metres

~64.70 m²
Price/m²£4.3K/m²

Value Estimate

£332,553
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Total Cash In

£89,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,450

Rent Estimate

£1,450

Running Costs/mo

£1,185

Cashflow/mo

£265

Cashflow/yr

£3,180

ROI

4%

Gross Yield

6%

Local Sold Prices

24 sold prices from £202K to £352K, average is £272.6K. £3.6K/m² to £11.7K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£295K12/200.03 mi46, The Pines, Purley, Greater London CR8 2DZ2
£245K11/200.39 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£269K06/210.41 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£290K04/210.62 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£288K09/210.64 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.64 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.64 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£272K02/230.65 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£268K12/200.65 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£352K12/220.72 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£273.1K12/220.86 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£225K11/210.87 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.87 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.87 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.87 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£202K11/200.87 mi4, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£245K02/210.87 mi3, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£288.9K03/210.87 mi31, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£250K03/210.93 miFlat 4, Whitefield House, Whitefield Avenue, Purley, Greater London CR8 4BP2
£335K11/210.94 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£278K01/210.95 mi7, Hawkhirst Road, Kenley, Greater London CR8 5DN2
£285K06/210.98 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.98 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.98 mi648, Brighton Road, Purley, Greater London CR8 2BB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,85012/240.05 miSt James Road, Croydon, Purley, CR82
£1,80012/240.05 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.05 miSt James Road, Croydon, Purley, CR82
£1,50002/240.08 mi-2
£1,52512/240.08 mi-2
£1,49502/240.1 mi-2
£1,75012/240.13 mi2 bedroom End Terrace House in Kenley2
£1,50012/240.19 miDowns Court Road, Purley, CR82
£1,72503/250.26 mi-2
£1,60012/240.26 miRedwing Court, Purley, CR82
£1,60012/240.26 mi-2
£1,75011/240.27 mi-2
£1,40012/240.27 miPurley, Surrey2
£1,80004/250.27 mi-2
£1,77512/240.31 miNorthwood Avenue2
£1,50012/230.33 mi-2
£1,45002/250.33 mi-2
£1,67512/240.41 miHayes Lane Kenley CR82
£1,45012/240.41 miStunning Refurbished Flat!!2
£1,58502/250.44 mi-2
£1,55002/250.44 mi-2
£1,50002/250.44 mi-2
£1,45012/240.45 miLister Court, Godstone Road, Purley, CR82
£1,90012/240.47 mi 2 Bed Split Level Flat To Let in Purley2
£1,70012/240.53 mi-2
£1,65009/240.53 mi-2
£1,70012/240.53 miKendal Court, Kenley, CR82
£2,00012/240.57 miChurch Road, Kenley, Surrey, CR82
£2,20012/240.6 miFirs Road, KENLEY2
£2,45012/240.6 miFirs Road Kenley CR82
£2,20012/240.6 miFirs Road Kenley CR82
£1,75002/240.61 mi-2
£1,70002/240.61 mi-2
£1,89511/240.61 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £280,000

April 5, 2025

Price changed to £290,000

March 12, 2025

Listed for £270,000

August 21, 2024

Floor Plans

Description

  • *Second floor flat +
  • *Two double bedrooms +
  • *Balcony +
  • *Garage en-bloc +
  • *No onward chain +
  • *Share of Freehold +
  • *Long lease +
  • *Easy reach of train stations & amenities +
  • *Ideal for investors & first time buyers +
  • *Buyers Commission May Be Required +

*GUIDE PRICE £280,000 - £290,000*

RECENTLY REFURBISHED - LARGE 2 DOUBLE BEDROOM FLAT WITH A GARAGE EN-BLOC & SHARE OF THE FREEHOLD!

This is a great opportunity for first time buyers and investors, offered with no onward chain the property provides spacious living throughout comprising; large entrance hall, good size, dual aspect reception room with door out to the balcony, separate kitchen, two double bedrooms one of which has two built in double wardrobes and a white bathroom suite.

You'll find this home ideally located near good schools and within easy reach of Riddlesdown, Kenley, and Purley mainline stations, offering convenient transport links for commuters. For nature enthusiasts, Riddlesdown Common is just a stone's throw away, providing breath-taking views and scenic nature walks.

Arrange a viewing today before it's too late. EPC Rating D.

*Second floor flat
*Two double bedrooms
*Balcony
*Garage en-bloc
*No onward chain
*Share of Freehold
*Long lease
*Easy reach of train stations & amenities
*Ideal for investors & first time buyers
*Buyers Commission May Be Required

Agent Details

Choices, Croydon

020 3907 9819

Next Steps?

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