2 Bed Flat, Single Let, CR8 5GE £270,000

Godstone Road, Kenley, CR8 5GE - 5 views - a year ago
Sold STC
Leasehold
BTL
ROI: 5%
~86 m²
Property image

ValuationUndervalued

Sold Prices£108K - £390K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~86.20 m²
Price/m²£3.1K/m²

Value Estimate

£326,700
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£1,200 - £2,500

Rent Estimate

£1,456

Running Costs/mo

£1,155

Cashflow/mo

£301

Cashflow/yr

£3,613

ROI

5%

Gross Yield

6%

Local Sold Prices

50 sold prices from £108K to £390K, average is £279.3K. £1.7K/m² to £6.3K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£108K10/240 miKendal Court, 12, Godstone Road, Kenley CR8 5GE2
£270K11/240.15 miStation Approach, 1c, Hayes Lane, Kenley CR8 5JD2
£355K07/250.19 miFlat 10, 4 Oakhurst Court, Hayes Lane, Kenley CR8 5GZ2
£352K12/220.19 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£300K10/240.2 mi36, Oaklands, Kenley CR8 5LB2
£279.5K11/240.22 mi9, Hazeldene Court, Kenley CR8 5DJ2
£300K03/250.27 mi12, Ashurst Close, Kenley CR8 5DH2
£300K03/250.27 mi12, Ashurst Close, Kenley CR8 5DH2
£225K11/210.33 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.33 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.33 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£269K06/210.59 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£307.5K03/250.63 mi91, Hayes Lane, Kenley CR8 5JR2
£279K03/250.73 mi37, Partridge Knoll, Purley CR8 1BS2
£345K02/250.75 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£280.5K09/240.77 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£260K05/250.88 mi5, Clement Close, Purley CR8 4BZ2
£260K05/250.88 mi5, Clement Close, Purley CR8 4BZ2
£335K08/251.01 mi26c, Hilltop Road, Whyteleafe CR3 0DD2
£255K02/251.03 mi20, Beaumont Road, Purley CR8 2EG2
£335K10/241.05 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2
£312K02/251.07 mi8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF2
£390K05/251.12 miFlat 26, 79 Yew Tree Court, Limpsfield Road, South Croydon CR2 9LB2
£385K07/251.12 miFlat 6, 79 Yew Tree Court, Limpsfield Road, South Croydon CR2 9LB2
£270K09/211.13 mi11, Cranleigh Close, South Croydon, Greater London CR2 9LH2
£288K09/211.17 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/221.17 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£272K02/231.17 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£270K06/251.19 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/251.19 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/251.19 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£270K06/251.19 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£275K03/251.19 mi3, French Apartments, Lansdowne Road, Purley CR8 2PH2
£275K03/251.19 mi3, French Apartments, Lansdowne Road, Purley CR8 2PH2
£335K11/211.19 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£382K06/251.19 miFlat 4, 57, Brighton Road, Purley CR8 2LR2
£382K06/251.19 miFlat 4, 57, Brighton Road, Purley CR8 2LR2
£130K11/241.2 mi75 Azalea Court, 30, Whytecliffe Road South, Purley CR8 2AX2
£139K04/251.2 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£139K04/251.2 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£255K06/231.21 miFlat 8, Holly House, Aspen Vale, Whyteleafe, Surrey CR3 0YN2
£276K12/221.23 miFlat 1, Cedar House, Aspen Vale, Whyteleafe, Surrey CR3 0YT2
£315K01/231.25 mi146, Wentworth Way, South Croydon, Greater London CR2 9ET2
£260K05/251.25 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£356K04/251.25 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£337K03/251.25 miFlat 5, 14, Brighton Road, Purley CR8 3AA2
£356K04/251.25 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£260K05/251.25 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£354.5K06/251.25 mi11, 3 Arlington Lodge, Whyteleafe Hill, Whyteleafe CR3 0FA2
£354.5K06/251.25 mi11, 3 Arlington Lodge, Whyteleafe Hill, Whyteleafe CR3 0FA2

Local Rents

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

Rent
Date
Distance
Address
Beds
 
£1,70012/240 mi-2
£1,65009/240 mi-2
£1,70012/240 miKendal Court, Kenley, CR82
£1,58502/250.1 mi-2
£1,55002/250.11 mi-2
£1,50002/250.11 mi-2
£2,15011/250.12 miChurch Road, Kenley, Surrey, CR82
£2,00012/240.12 miChurch Road, Kenley, Surrey, CR82
£1,45012/240.12 miStunning Refurbished Flat!!2
£1,59512/240.15 miValley Road, Kenley2
£1,59510/250.15 miValley Road, Kenley2
£1,67512/240.19 miHayes Lane Kenley CR82
£1,20010/250.25 mi2 bedroom First Floor Flat in Kenley2
£1,50001/240.31 mi-2
£2,50003/250.31 mi-2
£1,57512/240.33 miGomshall Gardens, Kenley, CR82
£1,75009/250.33 mi-2
£1,30012/240.36 miKenley Lane Kenley CR82
£1,80005/250.37 mi-2
£1,81509/250.37 mi-2
£2,15008/250.39 mi42 Welcomes Road, Kenley2
£2,20008/250.39 mi42 Welcomes Road, Kenley2
£2,20010/250.39 mi42 Welcomes Road, Kenley2
£2,20010/250.39 miWelcomes Road, Kenley2
£1,50012/240.4 miDowns Court Road, Purley, CR82
£1,75012/240.44 mi2 bedroom End Terrace House in Kenley2
£1,60010/250.45 mi-2
£1,60009/250.45 miWindermere Court, Kenley, CR82
£2,00010/250.47 miGodstone Road, Kenley2
£1,50002/240.48 mi-2
£1,85012/240.5 miSt James Road, Croydon, Purley, CR82
£1,80012/240.5 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.5 miSt James Road, Croydon, Purley, CR82
£1,90008/250.5 miSt James Road, Croydon, Purley, CR82
£1,75002/240.5 mi-2
£1,70002/240.5 mi-2
£1,89511/240.5 mi-2
£1,50008/250.52 miThe Pines, CR82
£1,49511/250.52 miThe Pines, Purley, Croydon(London Borough), CR82
£1,65006/250.52 miThe Pines, CR82
£1,60011/250.52 miThe Pines, Purley, CR8 2DZ2
£1,65008/250.52 miThe Pines, Purley2
£1,50006/250.53 miThe Pines, Purley2
£1,49502/240.53 mi-2
£1,52512/240.54 mi-2
£1,95012/230.55 mi-2
£1,90011/230.55 mi-2
£1,60004/250.55 mi-2
£1,60006/250.56 mi-2
£1,59907/250.56 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £270,000

September 14, 2024

Floor Plans

Property image

Description

  • Two Double Bedroom Flat +
  • Top Floor +
  • Spacious Lounge/Diner +
  • Separate Kitchen +
  • Access To Large Loft +
  • Communal Gardens +
  • Residents Parking +
  • Close Proximity To Kenley Station +
  • New Lease On Completion +
  • No Onward Chain +

Offered to the market with no onward chain is this very spacious two double bedroom top floor apartment. Situated in a very convenient location in close proximity to transport links and local amenities this very bright and spacious flat is an ideal purchase for first time buyers or investors and comprises the hallway with plenty of storage, an extremely spacious 23ft lounge which leads to the separate kitchen with a range of wall and base cupboards and drawer units with a complementary work surface, built in oven and hob and space for further appliances. There are two larger than average double bedrooms and the family bathroom has a three piece suite with a shower over the bath and a sky-light The property benefits from having access to a large loft and further benefits from a secure entry phone system and allocated parking. Outside there is a well maintained southerly facing communal garden which offers plenty of space to relax in plus a seating area. Internal viewing is highly recommended to appreciate the size of the accommodation on offer. A new lease will be issued on completion.

Kenley Station is a short distance away providing access to both London Bridge and Victoria Station and Blackfriars via Purley Station using Thames Link plus the 407 bus route to Croydon/Caterham which passes the flat.

There are several sought after local schools for all ages within the vicinity including Harris Academy, The Hayes School and Riddlesdown Collegiate and there are plenty of open green spaces in the locality such as Riddlesdown and Kenley Commons and Kenley Aerodrome.

There is a small selection of shops in the Kenley Parade however for a more comprehensive selection, Purley Town is just over a mile away. The M25 is a short distance away providing access to both Gatwick and Heathrow airports plus the motorway network.

Agent Details

Bairstow Eves, Kenley

020 3835 6056

Next Steps?

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