2 Bed Flat, Single Let, CR8 5LB £299,995

Hayes Lane, Kenley, Surrey, CR8 5LB - 1 views - a year ago
Leasehold
Auction
BTL
ROI: 3%
~68 m²
Property image

ValuationUndervalued

Sold Prices£108K - £355K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£331,886
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,999

Stamp Duty & Legal Fees

£21,200

Total Cash In

£96,198

 

 

Cash Out

 

Rent Range

£1,200 - £2,500

Rent Estimate

£1,461

Running Costs/mo

£1,250

Cashflow/mo

£211

Cashflow/yr

£2,536

ROI

3%

Gross Yield

6%

Local Sold Prices

21 sold prices from £108K to £355K, average is £279.5K. £1.7K/m² to £6.3K/m², average is £4.9K/m².

Price
Date
Distance
Address
Beds
 
£300K10/240.04 mi36, Oaklands, Kenley CR8 5LB2
£355K07/250.08 miFlat 10, 4 Oakhurst Court, Hayes Lane, Kenley CR8 5GZ2
£270K11/240.15 miStation Approach, 1c, Hayes Lane, Kenley CR8 5JD2
£108K10/240.25 miKendal Court, 12, Godstone Road, Kenley CR8 5GE2
£352K12/220.36 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£279.5K11/240.36 mi9, Hazeldene Court, Kenley CR8 5DJ2
£300K03/250.41 mi12, Ashurst Close, Kenley CR8 5DH2
£300K03/250.41 mi12, Ashurst Close, Kenley CR8 5DH2
£307.5K03/250.46 mi91, Hayes Lane, Kenley CR8 5JR2
£225K11/210.52 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.52 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.52 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£279K03/250.63 mi37, Partridge Knoll, Purley CR8 1BS2
£269K06/210.67 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£280.5K09/240.67 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£260K05/250.69 mi5, Clement Close, Purley CR8 4BZ2
£260K05/250.69 mi5, Clement Close, Purley CR8 4BZ2
£345K02/250.75 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£312K02/250.85 mi8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF2
£255K02/250.88 mi20, Beaumont Road, Purley CR8 2EG2
£335K10/240.95 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2

Local Rents

48 rents from £1.2K/mo to £2.5K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,67512/240.08 miHayes Lane Kenley CR82
£1,55002/250.15 mi-2
£1,50002/250.15 mi-2
£2,15011/250.18 miChurch Road, Kenley, Surrey, CR82
£2,00012/240.18 miChurch Road, Kenley, Surrey, CR82
£1,45012/240.18 miStunning Refurbished Flat!!2
£1,80005/250.19 mi-2
£1,58502/250.19 mi-2
£1,60010/250.22 mi-2
£1,60009/250.22 miWindermere Court, Kenley, CR82
£2,50003/250.24 mi-2
£1,70012/240.24 mi-2
£1,65009/240.24 mi-2
£1,70012/240.24 miKendal Court, Kenley, CR82
£2,15008/250.29 mi42 Welcomes Road, Kenley2
£2,20008/250.29 mi42 Welcomes Road, Kenley2
£2,20010/250.29 mi42 Welcomes Road, Kenley2
£2,20010/250.29 miWelcomes Road, Kenley2
£1,59512/240.31 miValley Road, Kenley2
£1,59510/250.31 miValley Road, Kenley2
£1,75012/240.32 mi2 bedroom End Terrace House in Kenley2
£2,20012/240.35 miFirs Road, KENLEY2
£2,45012/240.35 miFirs Road Kenley CR82
£2,20012/240.35 miFirs Road Kenley CR82
£1,30012/240.36 miKenley Lane Kenley CR82
£1,50002/240.37 mi-2
£1,49502/240.4 mi-2
£1,50012/240.4 miDowns Court Road, Purley, CR82
£1,20010/250.4 mi2 bedroom First Floor Flat in Kenley2
£1,52512/240.41 mi-2
£1,50008/250.42 miThe Pines, CR82
£1,49511/250.42 miThe Pines, Purley, Croydon(London Borough), CR82
£1,65006/250.42 miThe Pines, CR82
£1,60011/250.42 miThe Pines, Purley, CR8 2DZ2
£1,65008/250.42 miThe Pines, Purley2
£1,85012/240.43 miSt James Road, Croydon, Purley, CR82
£1,80012/240.43 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.43 miSt James Road, Croydon, Purley, CR82
£1,90008/250.43 miSt James Road, Croydon, Purley, CR82
£1,50006/250.44 miThe Pines, Purley2
£1,45008/250.45 mi2 Bedroom Appartment, Kenley - £1450PCM2
£1,45008/250.45 miHayes Lane, Kenley2
£1,50001/240.5 mi-2
£1,57512/240.52 miGomshall Gardens, Kenley, CR82
£1,81509/250.53 mi-2
£1,75009/250.53 mi-2
£1,95011/250.6 miDowns Court Road, Purley2
£2,20004/250.61 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £299,995

March 28, 2025

Price changed to £260,000

February 20, 2025

Price changed to £275,000

January 31, 2025

Price changed to £290,000

January 4, 2025

Listed for £320,000

September 5, 2024

Floor Plans

Property image

Description

  • Ground floor flat within walking distance of Kenley station +
  • For sale by Modern Auction - T&Cs apply +
  • Subject to an undisclosed Reserve Price +
  • Buyer's fees apply +
  • Great schools in the area for all ages +

Ground floor flat with generous size rooms and plenty of storage. Walking distance to Kenley station and local shops and bus stops. Good schools for all ages in the area. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

Room sizes:

  • Hallway
  • Lounge/Diner: 14'6 x 12'2 (4.42m x 3.71m)
  • Kitchen: 11'0 x 10'2 (3.36m x 3.10m)
  • Bedroom 1: 13'5 x 9'8 (4.09m x 2.95m)
  • Bedroom 2: 10'2 x 9'8 (3.10m x 2.95m)
  • Bathroom
  • Communal Gardens  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Purley

020 3867 7006

Next Steps?

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