2 Bed Flat, Single Let, CR3 5JJ £260,000

6 Ninehams Court, Milton Road, Caterham, CR3 5JJ - 2 views - a year ago
Sold STC
BTL
ROI: 2%
~75 m²
Property image

ValuationUndervalued

Sold Prices£132K - £370K
Sold Prices/m²£1.8K/m² - £6.7K/m²

 

 

Square Metres

~74.97 m²
Price/m²£3.5K/m²

Value Estimate

£316,150
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Total Cash In

£82,200

 

 

Cash Out

 

Rent Range

£1,380 - £1,850

Rent Estimate

£1,250

Running Costs/mo

£1,083

Cashflow/mo

£168

Cashflow/yr

£2,010

ROI

2%

Gross Yield

6%

Local Sold Prices

35 sold prices from £132K to £370K, average is £279K. £1.8K/m² to £6.7K/m², average is £4.1K/m².

Price
Date
Distance
Address
Beds
 
£267K10/210.1 mi120, Eldon Road, Caterham, Surrey CR3 5JS2
£259K05/250.23 mi4, Shaw Court, Ninehams Road, Caterham CR3 5LG2
£259K05/250.23 mi4, Shaw Court, Ninehams Road, Caterham CR3 5LG2
£257.5K06/210.24 mi213, Coulsdon Road, Caterham, Surrey CR3 5NW2
£292K07/230.26 mi53, Addison Road, Caterham, Surrey CR3 5LU2
£330K09/210.27 mi12, Coldstream Road, Caterham, Surrey CR3 5ZA2
£335K05/230.27 mi20, Coldstream Road, Caterham, Surrey CR3 5ZA2
£370K11/240.31 miBoundary Point, 22, Coldstream Road, Caterham CR3 5DU2
£132K02/230.36 mi33, Weston Drive, Caterham, Surrey CR3 5XY2
£325K05/210.39 mi7, Brigade Place, Caterham, Surrey CR3 5ZU2
£143.8K04/230.39 mi4, Sergeants Place, Caterham, Surrey CR3 5ZD2
£310K02/230.42 mi3, The Grove, Caterham, Surrey CR3 5QD2
£270K12/240.42 mi125, Coulsdon Road, Caterham, Surrey CR3 5NJ2
£324.5K05/210.49 mi78, Banstead Road, Caterham, Surrey CR3 5QE2
£245K11/220.56 miFlat, 52a, Westway, Caterham, Surrey CR3 5TP2
£285K12/240.57 mi47 49 Holm Court, 10, Westway, Caterham CR3 5TQ2
£279K01/230.65 mi11, Drew Place, Caterham, Surrey CR3 5FE2
£275K03/230.65 mi13, Drew Place, Caterham, Surrey CR3 5FE2
£307.5K01/250.72 mi6, Oaktree Walk, Caterham CR3 5JZ2
£190K11/240.74 miHillcroft Court, 44, Chaldon Road, Caterham CR3 5XB2
£327.5K03/250.76 miFlat 4, 110 Clifton Place, Chaldon Road, Caterham CR3 5PH2
£322.5K10/240.77 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£322.5K10/240.77 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£265K03/230.78 mi25a, High Street, Caterham, Surrey CR3 5UE2
£245K02/230.78 mi23a, High Street, Caterham, Surrey CR3 5UE2
£252K08/210.78 mi49, Waddington Avenue, Coulsdon, Greater London CR5 1QG2
£325K12/220.9 mi17, Furrows Place, Caterham, Surrey CR3 5EH2
£315K10/210.91 mi3, Furrows Place, Caterham, Surrey CR3 5EH2
£215K05/210.91 mi4, Furrows Place, Caterham, Surrey CR3 5EH2
£307.5K03/250.94 mi8, Furrows Place, Caterham CR3 5EH2
£307.5K03/250.94 mi8, Furrows Place, Caterham CR3 5EH2
£250K12/240.95 mi24, Goodenough Way, Coulsdon CR5 1DY2
£250K12/240.95 mi24, Goodenough Way, Coulsdon CR5 1DY2
£250K05/210.96 mi18, Goodenough Way, Coulsdon, Greater London CR5 1DY2
£350K03/250.96 mi6, 12 Sherwood, Whyteleafe Road, Caterham CR3 5EE2

Local Rents

13 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,60003/250.15 mi-2
£1,45011/250.2 miShaw Court, Caterham2
£1,38005/250.2 miNinehams Road, Caterham, CR32
£1,38007/250.2 mi-2
£1,45005/250.21 miCoulsdon Road, Caterham2
£1,65001/250.23 mi-2
£1,65011/250.33 miCaterham on the Hill2
£1,75012/240.38 mi-2
£1,60007/250.42 miFirs Close, Caterham2
£1,65010/250.47 miBanstead Road Caterham CR32
£1,85011/250.49 miFrancis Road, Caterham2
£1,65012/240.54 miCaterham, Surrey, CR32
£1,45012/240.54 miWestway, Caterham, Surrey, CR32

Local Area Statistics

Population in CR3

28,748

Nearest school

0.50 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £260,000

November 8, 2024

Listed for £270,000

August 26, 2024

Floor Plans

Property image

Description

  • Well Presented Two Double Bedroom Top Floor Flat +
  • Popular Residential Location +
  • Modern Interiors and Neutral Finish +
  • Bright and Spacious Reception Room +
  • Separate Well Equipped Kitchen +
  • Newly Refitted Bathroom +
  • Garage En Bloc +
  • Attractive Communal Gardens +
  • Share of Freehold and Low Outgoings +
  • Close to Transport Links and Amenities +

*Guide Price £260,000-£270,000*
Marriott Vernon present to the market this well presented two double bedroom top floor flat with garage en bloc, superbly situated in a popular Caterham on the Hill location, close to transport links and local amenities. The property, offered to the market with share of the freehold and low outgoings, provides bright and spacious accommodation with neutral interiors and modern finish throughout - ideal for homeowner or investor alike. Features include an inviting reception room, separate well equipped kitchen, modern bathroom, gas central heating, double glazing, quality floor coverings, secure entry, and access to attractive communal gardens.

Accommodation comprises entrance hall with inbuilt storage, leading into the light and airy reception room with ample space for relaxing, entertaining and dining. The separate kitchen comprises a modern range of matching wall and base units with work surfaces incorporating inset sink unit, inbuilt hob with overhead extractor and electric oven below, and further space for appliances. There are two well sized double bedrooms, plus a newly refitted family bathroom with white three piece suite.

The property is conveniently situated within easy access of regular bus routes providing useful links into nearby Caterham and Whyteleafe, each with railway stations providing excellent links into Central London. The area is well served by an array of local shops and amenities including a nearby Tesco superstore, with Caterham Valley offering a further larger variety of shops, cafes and restaurants. There are a number of lovely open spaces nearby, including Coulsdon Common, Happy Valley and Kenley Aerodrome, and recreational facilities including 'The Arc' and a leisure centre within just a short walk. There are also good local schools including Audley Primary, St Francis Primary, Hillscroft Primary and De Stafford School. Caterham is also well placed for easy access to the M23 / M25 motorway

Agent Details

Marriott Vernon, Croydon and surrounding areas

020 3728 8883

Next Steps?

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