2 Bed Flat, Single Let, CR8 2NL, £295,000

Christchurch Road, Purley, Surrey, CR8 2NL - 7 months ago

Sold STC
BTL
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£245K - £477.5K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£329,203
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Total Cash In

£94,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,300

Running Costs/mo

£1,202

Cashflow/mo

£98

Cashflow/yr

£1,178

ROI

1%

Gross Yield

5%

Local Sold Prices

23 sold prices from £245K to £477.5K, average is £285K. £3.4K/m² to £7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£273.1K12/220.24 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.31 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.31 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.31 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£290K11/200.44 mi112, Kingsdown Avenue, South Croydon, Greater London CR2 6QH2
£290K04/210.52 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£268K12/200.53 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£272K02/230.54 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£288K09/210.54 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.54 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.54 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£477.5K04/210.55 mi33, Foxley Lane, Purley, Greater London CR8 3EH2
£477.5K04/210.56 mi33a, Foxley Lane, Purley, Greater London CR8 3EH2
£245K11/200.57 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£262.5K06/230.58 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£335K11/210.73 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£285K12/210.74 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£269K06/210.83 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£295K12/200.86 mi46, The Pines, Purley, Greater London CR8 2DZ2
£293.5K02/230.92 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£282.5K11/210.94 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2
£327.5K11/200.95 mi24, Reddington Close, South Croydon, Greater London CR2 0QZ2
£423K11/200.96 mi2, Churchill Road, South Croydon, Greater London CR2 6HA2

Local Rents

50 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.07 miBourne Court, 60 Pampisford Road, Purley, CR82
£1,65001/250.13 mi-2
£1,65001/250.13 mi-2
£1,65001/250.13 mi-2
£1,65002/250.13 mi-2
£1,65002/250.13 mi-2
£1,65002/250.13 mi-2
£1,85012/240.13 miGlenn Avenue Purley CR82
£1,80012/240.13 miPampisford Road, Purley, CR82
£1,65012/240.14 miAstoria Court, Purley, Surrey2
£1,70002/250.14 mi-2
£1,70003/250.14 mi-2
£1,75003/250.14 mi-2
£1,90003/250.14 mi-2
£1,90003/250.14 mi-2
£1,90004/250.14 mi-2
£1,85004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.14 mi-2
£1,80004/250.16 mi-2
£1,65012/240.17 miWoburn Avenue, Purley, CR82
£1,60003/250.18 mi-2
£2,25012/240.18 mi-2
£1,62512/240.2 miWhytecliffe Road South, Purley, CR82
£1,89512/240.21 miMarvon Court, Russell Green Close, West Purley2
£1,77502/250.23 mi-2
£1,67004/250.23 mi-2
£1,30012/240.23 mi2 bedroom Second Floor Flat in Purley2
£1,50012/240.25 miWhytecliffe Road South, Purley2
£1,85001/250.27 mi-2
£1,85004/250.27 mi-2
£1,63512/240.27 mi-2
£1,63512/240.27 miWhytecliffe Road South, Purley, CR82
£1,89512/240.28 miM Residence, Purley, CR82
£1,60002/250.28 mi-2
£1,60012/240.29 miBrighton Road, Purley, CR82
£1,45012/240.29 miWhytecliffe Road South, Purley2
£1,75012/240.31 mi-2
£1,80003/250.31 mi-2
£1,65012/240.31 miBrighton Road, CR82
£1,65012/240.31 miBrighton Road, Purley2
£2,00001/250.31 mi-2
£1,95012/240.34 miBanstead Road, Purley, CR82
£1,90012/240.34 miBanstead Road, Banstead Road, CR82
£1,85002/250.35 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £295,000

March 4, 2025

Price changed to £315,000

October 24, 2024

Listed for £350,000

September 10, 2024

Floor Plans

Description

  • Chain free first floor apartment with park view and lift access +
  • Store room, garage and good size balcony & Share of Freehold +
  • Walking distance to Purley station and town centre +
  • Bathroom, separate shower room and fitted wardrobes to both double bedrooms +
  • Flooded with natural light +

Chain free spacious first floor apartment with park view and lift access, garage, parking bays and good size balcony. Fitted wardrobes to both double bedrooms and a separate bathroom and shower room. The flat itself is flooded with natural light. Lots of storage including a store room. Short walk to Purley station and the town centre with shops, cafe's and restaurants. Plenty of open green spaces just around the corner. Flat benefits from Share of Freehold. Monthly service charges are £170 per month running costs and £180 per month contribution to the Capital Fund (to cover sudden unexpected expenses such as lift, roof and one off expenses such as interior and exterior decoration.)  
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Entrance Hall
  • Lounge/Diner: 26'5 x 12'0 (8.06m x 3.66m)
  • Balcony
  • Kitchen: 9'6 x 8'1 (2.90m x 2.47m)
  • Bedroom 1: 12'0 x 9'7 (3.66m x 2.92m)
  • Bedroom 2: 12'0 x 10'0 (3.66m x 3.05m)
  • Bathroom
  • Shower Room
  • Garage
  • Off Street Parking  
    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?

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