2 Bed Flat, Single Let, CR3 5LG £265,000

Ninehams Road, Caterham, Surrey, CR3 5LG - 1 views - a year ago
Under Offer
BTL
ROI: 2%
~68 m²
Property image

ValuationUndervalued

Sold Prices£120K - £370K
Sold Prices/m²£1.8K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£287,215
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£17,700

Total Cash In

£83,950

 

 

Cash Out

 

Rent Range

£1,380 - £1,850

Rent Estimate

£1,261

Running Costs/mo

£1,100

Cashflow/mo

£161

Cashflow/yr

£1,928

ROI

2%

Gross Yield

6%

Local Sold Prices

35 sold prices from £120K to £370K, average is £279K. £1.8K/m² to £6.7K/m², average is £4K/m².

Price
Date
Distance
Address
Beds
 
£259K05/250.03 mi4, Shaw Court, Ninehams Road, Caterham CR3 5LG2
£259K05/250.03 mi4, Shaw Court, Ninehams Road, Caterham CR3 5LG2
£267K10/210.13 mi120, Eldon Road, Caterham, Surrey CR3 5JS2
£292K07/230.24 mi53, Addison Road, Caterham, Surrey CR3 5LU2
£257.5K06/210.36 mi213, Coulsdon Road, Caterham, Surrey CR3 5NW2
£324.5K05/210.43 mi78, Banstead Road, Caterham, Surrey CR3 5QE2
£330K09/210.44 mi12, Coldstream Road, Caterham, Surrey CR3 5ZA2
£335K05/230.44 mi20, Coldstream Road, Caterham, Surrey CR3 5ZA2
£270K12/240.48 mi125, Coulsdon Road, Caterham, Surrey CR3 5NJ2
£370K11/240.49 miBoundary Point, 22, Coldstream Road, Caterham CR3 5DU2
£143.8K04/230.53 mi4, Sergeants Place, Caterham, Surrey CR3 5ZD2
£325K05/210.54 mi7, Brigade Place, Caterham, Surrey CR3 5ZU2
£132K02/230.54 mi33, Weston Drive, Caterham, Surrey CR3 5XY2
£245K11/220.58 miFlat, 52a, Westway, Caterham, Surrey CR3 5TP2
£285K12/240.59 mi47 49 Holm Court, 10, Westway, Caterham CR3 5TQ2
£307.5K01/250.61 mi6, Oaktree Walk, Caterham CR3 5JZ2
£310K02/230.61 mi3, The Grove, Caterham, Surrey CR3 5QD2
£190K11/240.68 miHillcroft Court, 44, Chaldon Road, Caterham CR3 5XB2
£279K01/230.69 mi11, Drew Place, Caterham, Surrey CR3 5FE2
£275K03/230.69 mi13, Drew Place, Caterham, Surrey CR3 5FE2
£265K03/230.71 mi25a, High Street, Caterham, Surrey CR3 5UE2
£245K02/230.71 mi23a, High Street, Caterham, Surrey CR3 5UE2
£327.5K03/250.79 miFlat 4, 110 Clifton Place, Chaldon Road, Caterham CR3 5PH2
£325K12/220.8 mi17, Furrows Place, Caterham, Surrey CR3 5EH2
£315K10/210.82 mi3, Furrows Place, Caterham, Surrey CR3 5EH2
£215K05/210.82 mi4, Furrows Place, Caterham, Surrey CR3 5EH2
£307.5K03/250.84 mi8, Furrows Place, Caterham CR3 5EH2
£307.5K03/250.84 mi8, Furrows Place, Caterham CR3 5EH2
£120K11/240.88 mi44, Stafford Rise, Caterham CR3 6JY2
£350K03/250.88 mi6, 12 Sherwood, Whyteleafe Road, Caterham CR3 5EE2
£322.5K10/240.92 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£322.5K10/240.92 mi47, Waddington Avenue, Coulsdon CR5 1QG2
£252K08/210.94 mi49, Waddington Avenue, Coulsdon, Greater London CR5 1QG2
£195K03/230.96 miFlat 36, Asprey Court, Stafford Road, Caterham, Surrey CR3 6JX2
£272.5K07/210.98 miFlat 157b, Florence Court, Croydon Road, Caterham, Surrey CR3 6PF2

Local Rents

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

Rent
Date
Distance
Address
Beds
 
£1,45011/250 miShaw Court, Caterham2
£1,38005/250 miNinehams Road, Caterham, CR32
£1,38007/250 mi-2
£1,65001/250.11 mi-2
£1,65011/250.13 miCaterham on the Hill2
£1,60003/250.33 mi-2
£1,45005/250.36 miCoulsdon Road, Caterham2
£1,65010/250.43 miBanstead Road Caterham CR32
£1,60007/250.5 miFirs Close, Caterham2
£1,85011/250.53 miFrancis Road, Caterham2
£1,75012/240.53 mi-2
£1,45012/240.58 miWestway, Caterham, Surrey, CR32
£1,65012/240.58 miCaterham, Surrey, CR32

Local Area Statistics

Population in CR3

28,748

Nearest school

0.30 miles away

Nearest train station

0.97 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 £265,000

November 21, 2024

Listed for £270,000

September 9, 2024

Floor Plans

Property image

Description

  • Ideally Located for Local Stations & Bus Routes +
  • Two Bedroom Purpose Built Flat +
  • Entrance Hall +
  • Spacious Lounge/Diner +
  • Kitchen +
  • Bathroom +
  • Garage +
  • Residents Parking +
  • Communal Gardens +
  • Viewing Advised +

Corbyn & Co are pleased to offer this purpose built two bedroom apartment comprising; entrance hall, spacious lounge/diner, two double bedrooms, separate kitchen, bathroom, garage & use of the communal garden. The property is well located for transport links, local schools and amenities.

Front door to;
Hallway - 11'5 x 2'11
Storage cupboard, inset ceiling lights, power points, laminate flooring

Bathroom - 6'7 x 10'9
Double glazed obscured window to rear aspect, tiled enclosed bath with shower screen and overhead shower, sink with waterfall mixer tap, low level W/C, inset ceiling lights, shelving storage space, cupboard storing mega flow tank with shelving above, fully tiled walls, tiled flooring, under floor heating

Kitchen - 8'2 x 10'9
Double glazed window to rear aspect overlooking the communal garden, space for fridge freezer, space for integrated oven, space for washing machine, wall base and drawer units with pan drawers, hob with splashback and extractor fan, wine bottle storage, tiled splashback, tiled flooring, glass fronted door, inset ceiling lights, under floor heating

Bedroom One - 14'1 x 9'6
Double glazed window to rear aspect, power points, wall mounted heater, fitted carpet

Lounge - 13'1 x 14'1
Double glazed window to front aspect, power points, wall mounted heater, telephone point, laminate flooring

Bedroom Two - 14'1 x 8'2
Double glazed window to front aspect, power points, wall mounted heater, fitted carpet

Parking
Residents parking bays at the front of the building

Garage
Located to the rear in a block

Communal garden
To the rear of the building and side of the building mainly laid to lawn

Council Tax Band C
Ground Rent - £10.00 per month
Maintenance - £67.00 per month
Lease - 99 years remaining
EPC Rating - C

Closest train stations are Upper Warlingham, Coulsdon South & Whyteleafe with links to Croydon & Central London. There are also regular buses that serve the area.

Local Schools include Audley primary school, St Frances Catholic Primary School

Close to woodlands for long walks and Kenley Aerodrome

Agent Details

Corbyn and Co, Redhill

01737 302063

Next Steps?

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