2 Bed Flat, Single Let, CR3 6SA £225,000

Church Hill, Caterham, CR3 6SA - a year ago

Sold STC

Leasehold

BTL

ROI: 5%

~69 m²

ValuationUndervalued

Sold Prices	£107K - £517K
Sold Prices/m²	£1.9K/m² - £5.8K/m²

Square Metres	~68.93 m²
Price/m²	£3.3K/m²
Value Estimate	£274,500£274,500
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£14,450£14,450
Total Cash In	£70,700£70,700

Cash Out
Rent Range	£1,250 - £2,750£1,250 - £2,750
Rent Estimate	£1,250
Running Costs/mo	£973£973
Cashflow/mo	£277£277
Cashflow/yr	£3,323£3,323
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £107K to £517K, average is £300K. £1.9K/m² to £5.8K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	03/25	0.02 mi	2, Mountside, Church Hill, Caterham CR3 6SA	£4,104	67	2	Flat
£275K	03/25	0.02 mi	2, Mountside, Church Hill, Caterham CR3 6SA	-	-	2	Flat
£517K	11/24	0.03 mi	The Gardens, Flat 6, Church Hill, Caterham CR3 6FR	£5,119	101	2	Flat
£290K	03/25	0.04 mi	10, Mountside, Church Hill, Caterham CR3 6SA	£4,143	70	2	Flat
£280K	04/23	0.05 mi	Flat 10, Devon House, Church Hill, Caterham, Surrey CR3 6SB	-	-	2	Flat
£291.9K	07/25	0.06 mi	11, The Hill, Church Hill, Caterham CR3 6SD	-	-	2	Flat
£290K	04/25	0.07 mi	15, The Hill, Church Hill, Caterham CR3 6SD	£5,088	57	2	Flat
£290K	04/25	0.07 mi	15, The Hill, Church Hill, Caterham CR3 6SD	-	-	2	Flat
£300K	02/25	0.07 mi	The Hill, 17, Church Hill, Caterham CR3 6SD	£5,769	52	2	Flat
£360K	06/21	0.08 mi	10, St Marys Mount, Caterham, Surrey CR3 6SJ	-	-	2	Flat
£435K	06/23	0.08 mi	3, St Marys Mount, Caterham, Surrey CR3 6SJ	-	-	2	Flat
£425K	11/24	0.09 mi	12, St Mary's Mount, Caterham CR3 6SJ	£4,167	102	2	Flat
£382.5K	11/24	0.1 mi	16, St Mary's Mount, Caterham CR3 6SJ	£4,069	94	2	Flat
£320K	01/23	0.13 mi	25, Eothen Close, Caterham, Surrey CR3 6JU	-	-	2	Flat
£350K	06/21	0.13 mi	30, Eothen Close, Caterham, Surrey CR3 6JU	-	-	2	Flat
£300K	04/23	0.13 mi	3, Eothen Close, Caterham, Surrey CR3 6JU	£4,545	66	2	Flat
£377.5K	06/21	0.13 mi	28, Eothen Close, Caterham, Surrey CR3 6JU	£4,548	83	2	Flat
£295K	08/25	0.15 mi	7, 1 Chandlers Place, Harestone Valley Road, Caterham CR3 6HL	-	-	2	Flat
£475K	02/25	0.19 mi	9 Chapman House, 6, Stanstead Road, Caterham CR3 6AD	£4,358	109	2	Flat
£515K	03/25	0.19 mi	1, 9 Chapman House, Stanstead Road, Caterham CR3 6AD	£3,931	131	2	Flat
£305K	01/25	0.22 mi	86 Richmond House, 4, Harestone Valley Road, Caterham CR3 6HF	£5,000	61	2	Flat
£307K	11/24	0.27 mi	25a, Farningham Road, Caterham CR3 6LL	£4,264	72	2	Flat
£360K	03/25	0.27 mi	Apartment 2, 85 Orbital House, Croydon Road, Caterham CR3 6PD	£4,091	88	2	Flat
£360K	03/25	0.27 mi	Apartment 2, 85 Orbital House, Croydon Road, Caterham CR3 6PD	-	-	2	Flat
£295K	06/25	0.3 mi	6, Russett Court, Tupwood Lane, Caterham CR3 6DA	£4,403	67	2	Flat
£295K	06/25	0.3 mi	6, Russett Court, Tupwood Lane, Caterham CR3 6DA	-	-	2	Flat
£300K	11/21	0.32 mi	14, Crescent Road, Caterham, Surrey CR3 6LE	£4,484	67	2	Flat
£195K	03/23	0.33 mi	Flat 36, Asprey Court, Stafford Road, Caterham, Surrey CR3 6JX	-	-	2	Flat
£350K	03/25	0.33 mi	6, 12 Sherwood, Whyteleafe Road, Caterham CR3 5EE	£4,217	83	2	Flat
£395K	11/24	0.34 mi	14, Churchview Close, Caterham CR3 6EZ	£3,405	116	2	Flat
£300K	03/25	0.34 mi	10, Churchview Close, Caterham CR3 6EZ	£3,093	97	2	Flat
£280K	06/23	0.35 mi	Flat 12, Elizabeth House, Godstone Road, Caterham, Surrey CR3 6RF	-	-	2	Flat
£283K	04/25	0.37 mi	18, 119 Kingswood Place, Croydon Road, Caterham CR3 6DJ	£3,877	73	2	Flat
£283K	04/25	0.37 mi	18, 119 Kingswood Place, Croydon Road, Caterham CR3 6DJ	-	-	2	Flat
£307.5K	03/25	0.39 mi	8, Furrows Place, Caterham CR3 5EH	£4,271	72	2	Flat
£307.5K	03/25	0.39 mi	8, Furrows Place, Caterham CR3 5EH	-	-	2	Flat
£315K	10/21	0.4 mi	3, Furrows Place, Caterham, Surrey CR3 5EH	-	-	2	Flat
£215K	05/21	0.4 mi	4, Furrows Place, Caterham, Surrey CR3 5EH	£3,041	71	2	Flat
£325K	12/22	0.41 mi	17, Furrows Place, Caterham, Surrey CR3 5EH	£4,794	68	2	Flat
£272.5K	07/21	0.45 mi	Flat 157b, Florence Court, Croydon Road, Caterham, Surrey CR3 6PF	-	-	2	Flat
£265K	03/23	0.5 mi	25a, High Street, Caterham, Surrey CR3 5UE	£3,786	70	2	Flat
£245K	02/23	0.5 mi	23a, High Street, Caterham, Surrey CR3 5UE	£3,594	68	2	Flat
£190K	11/24	0.54 mi	Hillcroft Court, 44, Chaldon Road, Caterham CR3 5XB	£2,923	65	2	Flat
£307.5K	01/25	0.61 mi	6, Oaktree Walk, Caterham CR3 5JZ	£5,591	55	2	Flat
£327.5K	03/25	0.68 mi	Flat 4, 110 Clifton Place, Chaldon Road, Caterham CR3 5PH	£3,808	86	2	Flat
£107K	01/25	0.69 mi	Valley Court, 10, Beechwood Gardens, Caterham CR3 6NR	£2,019	53	2	Flat
£290K	11/22	0.7 mi	1, Rogers Close, Caterham, Surrey CR3 6QW	-	-	2	Flat
£120K	11/24	0.72 mi	44, Stafford Rise, Caterham CR3 6JY	£1,875	64	2	Flat
£255K	09/21	0.74 mi	Flat 4, Newstead House, Markfield Road, Caterham, Surrey CR3 6RN	-	-	2	Flat
£245K	11/22	0.79 mi	Flat, 52a, Westway, Caterham, Surrey CR3 5TP	£2,858	86	2	Flat

Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,750	10/24	0.03 mi	-	2	Flat
£1,350	07/25	0.04 mi	Mountside, Church Hill, Caterham, Surrey, CR3	2	Flat
£1,400	10/25	0.05 mi	Church Hill, Caterham	2	Flat
£1,475	04/24	0.05 mi	-	2	Flat
£1,600	11/25	0.05 mi	-	2	Flat
£1,450	11/25	0.08 mi	Caterham	2	Flat
£1,950	12/24	0.08 mi	St. Mary's Mount Caterham CR3	2	Flat
£1,550	10/25	0.15 mi	Harestone Valley Road, CATERHAM	2	Flat
£1,600	09/25	0.21 mi	Croydon Road, Caterham	2	Flat
£1,450	11/25	0.21 mi	2 bedroom Purpose Built Flat in Caterham Valley	2	Flat
£1,550	10/25	0.22 mi	2 bedroom Ground Floor Apartment in Caterham Valley	2	Flat
£1,750	09/25	0.23 mi	Croydon Road, Caterham	2	Flat
£1,550	12/23	0.23 mi	-	2	Flat
£1,295	06/25	0.23 mi	Crescent Road, Caterham	2	Flat
£1,700	09/25	0.24 mi	Mount Pleasant Road, Caterham	2	House
£1,650	10/25	0.24 mi	Croydon Road	2	Flat
£1,500	07/25	0.24 mi	Richmond House,Harestone Valley Road, Caterham	2	Flat
£1,350	12/24	0.24 mi	Richmond House, Harestone Valley Road, Caterham, Surrey, CR3	2	Flat
£1,800	03/24	0.24 mi	-	2	Flat
£1,450	12/24	0.25 mi	Caterham, Surrey	2	Flat
£1,400	04/24	0.25 mi	-	2	Flat
£1,500	05/25	0.25 mi	Tupwood Lane, Caterham	2	Flat
£1,950	03/24	0.26 mi	-	2	Flat
£1,950	12/24	0.26 mi	Timber Hill Road, Caterham, CR3	2	Flat
£1,300	12/24	0.27 mi	Colin Road, Caterham, Surrey, CR3	2	Flat
£1,650	11/25	0.27 mi	Godstone Road Caterham CR3	2	Flat
£1,500	05/25	0.28 mi	Godstone Road, Caterham	2	Flat
£1,650	11/25	0.28 mi	Caterham	2	Flat
£1,800	11/23	0.28 mi	-	2	Flat
£1,449	05/23	0.29 mi	-	2	Flat
£1,500	06/25	0.29 mi	Tavistock Court, Tupwood Lane, Caterham	2	Flat
£1,500	12/24	0.3 mi	Windrushes Caterham CR3	2	Flat
£1,495	06/25	0.3 mi	Caterham	2	Flat
£1,500	12/24	0.3 mi	Stafford Road, Caterham, Surrey, CR3	2	Flat
£1,400	07/24	0.31 mi	-	2	Flat
£1,650	11/25	0.31 mi	Caterham	2	Flat
£1,650	10/25	0.31 mi	2 bedroom First Floor Apartment in Caterham Valley	2	Flat
£1,650	09/25	0.32 mi	Caterham	2	Flat
£1,550	07/25	0.33 mi	2 bedroom First Floor Flat in Caterham Valley	2	Flat
£1,700	10/25	0.34 mi	Churchview Close Caterham CR3	2	Flat
£1,400	12/24	0.34 mi	Caterham	2	Flat
£1,475	07/25	0.36 mi	2 bedroom First Floor Apartment in Caterham Valley	2	Flat
£1,250	12/24	0.37 mi	-	2	Flat
£1,450	07/25	0.37 mi	2 bedroom Second Floor Flat in Caterham Valley	2	Flat
£1,600	09/25	0.39 mi	Commonwealth Road Caterham CR3	2	Terraced House
£1,650	09/25	0.39 mi	High Street, Caterham	2	Detached House
£1,700	11/25	0.41 mi	Ashton Court Croydon Road CR3	2	Flat
£1,600	11/25	0.41 mi	Croydon Road, Caterham, Surrey, CR3	2	Flat
£1,250	07/25	0.42 mi	2 bedroom Top Floor Flat in Caterham On The Hill	2	Flat
£1,400	11/25	0.43 mi	Caterham Valley	2	Flat

Local Area Statistics

Population in CR3	28,74828,748
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-22%-22%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £225,000

December 17, 2024

Listed for £240,000

September 20, 2024

Floor Plans

Description

FIRST FLOOR TWO DOUBLE BEDROOM PURPOSE BUILT FLAT +
11' 8'' x 15' 9'' (3.55m x 4.79m) LIVING ROOM & SEPARATE KITCHEN +
BOTH BEDROOMS HAVE BUILT IN WARDROBES +
DOUBLE GLAZED THROUGHOUT, REQUIRES SOME UPDATING +
RESIDENTS PARKING & GARAGE, LARGE COMMUNAL GARDENS +
LONG LEASE - 999 YEARS FROM 25/7/1962! +

A FIRST FLOOR TWO DOUBLE BEDROOM PURPOSE BUILT FLAT located within a quarter of a mile of Caterham Town Centre and Railway Station. The flat does require some UPDATING, it is double glazed throughout with electric heating. There is a modern style Kitchen and white Bathroom Suite as well as double fitted wardrobes to both Bedrooms. From the Living Room and Bedroom One there are stunning views over Harestone Valley and beyond. Outside there are also extensive Communal Gardens with steps leading to the Garage Block. NO ONWARD CHAIN!

Agent Details

P . A . Jones Property Solutions, Caterham, High Street

01883 771246

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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