2 Bed Flat, Single Let, RH6 8LR £220,000

BROOKWOOD HOUSE Skipton Way, Horley, Surrey, RH6 8LR - 9 views - a year ago
Sold STC
Leasehold
BTL
ROI: 8%
59 m²
Property image

ValuationUndervalued

Sold Prices£101.5K - £311.5K
Sold Prices/m²£1.4K/m² - £5K/m²

 

 

Square Metres

59.40 m²
Price/m²£3.7K/m²

Value Estimate

£234,491
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£975 - £1,750

Rent Estimate

£1,400

Running Costs/mo

£988

Cashflow/mo

£413

Cashflow/yr

£4,950

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £101.5K to £311.5K, average is £250K. £1.4K/m² to £5K/m², average is £4K/m².

Price
Date
Distance
Address
Beds
 
£215K03/250 miBrookwood House, Flat 10, Skipton Way, Horley RH6 8LR2
£210K01/250.01 miFlat 13, Brookwood House, Skipton Way, Horley RH6 8LR2
£225K03/250.05 miLongyard House, Flat 2, Skipton Way, Horley, Surrey RH6 8LW2
£225K03/250.05 miFlat 2, Longyard House, Skipton Way, Horley RH6 8LW2
£252K12/240.06 miLongyard House, Flat 11, Skipton Way, Horley RH6 8LW2
£260K11/240.06 miLongyard House, Flat 8, Skipton Way, Horley RH6 8LW2
£252K11/240.17 mi58a The Oaks, Flat 3, Bonehurst Road, Horley RH6 8QF2
£245K03/230.27 mi6, The Chestnuts, Horley, Surrey RH6 8PD2
£250K03/250.43 mi9, Chequers Close, Horley RH6 8DS2
£250K03/250.43 mi9, Chequers Close, Horley RH6 8DS2
£175K03/250.56 mi38, Anvil Court, Blacksmith Road, Horley RH6 9FD2
£225K01/230.57 mi23, Rickwood, Horley, Surrey RH6 9DF2
£215K07/210.59 mi37, Whitecroft, Horley, Surrey RH6 9BZ2
£227.5K12/210.59 mi17, Whitecroft, Horley, Surrey RH6 9BZ2
£311.5K03/250.61 miFlat 4, 1 Dakota House, Hoadley Road, Horley RH6 8SW2
£300K03/250.64 mi21, Oakwood Road, Horley RH6 7BZ2
£190K05/210.72 mi101, Parkhurst Road, Horley, Surrey RH6 8EX2
£215K12/240.74 mi5, Windmill Close, Horley RH6 9AG2
£270K02/230.75 mi27, Grove Road, Horley, Surrey RH6 8EL2
£242K04/250.76 mi27, Priestlands Close, Horley RH6 8GG2
£242K04/250.76 mi27, Priestlands Close, Horley RH6 8GG2
£277K07/230.79 mi35, Victoria Close, Horley, Surrey RH6 7AP2
£220K04/230.79 mi55, Oakside Court, Horley, Surrey RH6 9XR2
£225K04/230.79 mi23, Oakside Court, Horley, Surrey RH6 9XR2
£231K12/220.81 mi229, Court Lodge Road, Horley, Surrey RH6 8RG2
£210K06/210.82 mi23, Copse Lane, Horley, Surrey RH6 9UZ2
£244K04/250.87 mi62, The Quadrangle, Lumley Road, Horley RH6 7JX2
£244K04/250.87 mi62, The Quadrangle, Lumley Road, Horley RH6 7JX2
£279K01/250.87 miThe Quadrangle, 63, Lumley Road, Horley RH6 7JX2
£270K12/240.87 miThe Quadrangle, 19, Lumley Road, Horley RH6 7JX2
£265K10/240.87 miThe Quadrangle, 54, Lumley Road, Horley RH6 7JX2
£267K03/250.87 mi56, The Quadrangle, Lumley Road, Horley RH6 7JX2
£267K03/250.87 mi56, The Quadrangle, Lumley Road, Horley RH6 7JX2
£260K11/210.87 miFlat 12, The Quadrangle, Lumley Road, Horley, Surrey RH6 7JX2
£270K04/230.87 miFlat 35, The Quadrangle, Lumley Road, Horley, Surrey RH6 7JX2
£258K07/250.88 miFlat 18, Elbourne House, Lumley Road, Horley RH6 7LB2
£260K12/220.88 miFlat 12, Elbourne House, Lumley Road, Horley, Surrey RH6 7LB2
£232K04/230.88 miFlat 3, Elbourne House, Lumley Road, Horley, Surrey RH6 7LB2
£279K03/250.89 mi7, Elizabeth Court, Horley RH6 7PX2
£279K03/250.89 mi7, Elizabeth Court, Horley RH6 7PX2
£290K11/240.91 mi5 Teal House, Flat 3, Webber Street, Horley RH6 8NR2
£101.5K10/240.92 mi20 Fulmar House, Flat 5, Webber Street, Horley RH6 8NQ2
£101.5K11/240.92 mi20 Fulmar House, Flat 6, Webber Street, Horley RH6 8NQ2
£290K03/250.92 miFlat 3, 7 Turnstone Court, Webber Street, Horley RH6 8NR2
£270K03/230.93 mi34, Regents Mews, Horley, Surrey RH6 7AN2
£125K12/240.93 miMagnolia Court, Flat 32, Victoria Road, Horley RH6 7FB2
£290K06/250.94 mi40, Brighton Road, Horley RH6 7HD2
£290K06/250.94 mi40, Brighton Road, Horley RH6 7HD2
£240K02/230.94 miFlat 4, Ross Court, Station Approach, Horley, Surrey RH6 9EW2
£250K03/250.95 miFlat 1, Swallowfields, Rosemary Lane, Horley RH6 9HB2

Local Rents

34 rents from £975/mo to £1.8K/mo, average is £1.4K/mo.

Rent
Date
Distance
Address
Beds
 
£1,45010/250.04 miBonehurst Road, Horley2
£1,40008/250.05 miSkipton Way, Horley2
£1,35006/250.06 miSkipton Way, Horley, Surrey. RH6 8LW2
£1,35010/250.06 miSkipton Way, Horley, Surrey, RH62
£1,35008/250.06 miSkipton Way, Horley, Surrey, RH62
£1,40008/250.08 miSarel Way, Horley2
£1,40012/240.08 mi-2
£1,60012/240.14 mi-2
£1,60012/240.14 mi-2
£1,47512/240.14 mi-2
£1,45010/250.14 mi-2
£1,60010/250.14 mi-2
£1,55012/240.14 miBonehurst Road, Horley, RH62
£1,50010/250.14 miBonehurst Road, Horley, RH62
£1,45010/250.14 miBonehurst Road, Horley, RH62
£1,35012/240.18 miChestnut Court, 60 Bonehurst Road, Horley, Surrey, RH62
£1,75010/250.19 miField Bank, Horley2
£1,35008/250.21 miCarlton Court, Sarel Way, Horley, Surrey, RH62
£97507/250.22 miHorley, Surrey2
£1,25008/250.27 miThe Chestnuts, Horley, Surrey, RH62
£1,50010/250.29 miKingsley Road, Horley, Surrey, RH62
£1,50008/250.31 miCranbourne Close, Horley2
£1,50007/240.32 miRef: SM - Rothervale, Meath green, RH6 8LH2
£1,50012/240.34 mi-2
£1,50006/250.51 miLe May Close, Horley2
£1,50010/230.51 miLe May Close, Horley, Surrey, RH62
£1,40012/240.51 miLe May Close, Horley, Surrey, RH62
£99507/250.51 miLe May Close Horley RH62
£1,55010/250.54 mi-2
£1,25010/230.59 miWhitecroft, Horley, Surrey, RH62
£1,50006/250.59 miBrighton Road, Horley2
£1,40007/250.59 miBrighton Road, Horley2
£1,40008/250.59 miBrighton Road, Horley2
£1,40012/240.6 miKenya Court, Horley Row, Horley, Surrey, RH62

Local Area Statistics

Population in RH6

29,451

Nearest school

0.40 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £220,000

September 11, 2024

Sold for £200,000

2021

Sold for £178,000

2019

Floor Plans

Property image

Description

  • Two bedrooms +
  • Spacious living/dining room +
  • Recently refitted carpets throughout 2019 +
  • Refitted bathroom +
  • Gas fired central heating with new boiler fitted 2019 +
  • Well maintained communal gardens +
  • Ample communal parking +
  • Council Tax Band 'C' and EPC 'B' +

The property is entered via a well-maintained communal entrance hall with the security of an entry phone system. The flat has a spacious inner hallway with four sizeable storage cupboards one of which has plumbing to house a washing machine and tumble dryer. The living/dining room is situated to the front of the property with a large window flooding the room with natural light, overlooking the communal grounds and offers plenty of room for both living and dining room furniture. The kitchen is located to the rear of the property and offers a range of attractive wall and base units topped with wood effect work surfaces and tiled splash backs. There is space for cooker, dishwasher and fridge/freezer.

The generous size master bedroom is situated to the front of the property with built-in wardrobes, the second is also a good size double and situated to the rear. The bathroom has been refitted with tasteful modern sanitaryware and opaque window to rear.

The property benefits from gas fired central heating with a new combi boiler fitted in 2019. Externally there is ample communal parking and well-maintained communal grounds.

Agent Details

Mansell McTaggart, Horley

01293 222525

Next Steps?

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