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2 Bed Flat, Single Let, CR8 2NE, £275,000

Pampisford Road, Purley, CR8 2NE - 1 views - 6 months ago

Leasehold
BTL
ROI: 6%
~60 m²

ValuationUndervalued

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

 

 

Square Metres

~60.29 m²
Price/m²£4.6K/m²

Value Estimate

£284,821
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,600

Running Costs/mo

£1,199

Cashflow/mo

£401

Cashflow/yr

£4,808

ROI

6%

Gross Yield

7%

Local Sold Prices

20 sold prices from £245K to £477.5K, average is £285K. £3.4K/m² to £7K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£273.1K12/220.33 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.39 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.39 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.39 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£290K04/210.45 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£268K12/200.46 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£272K02/230.47 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£477.5K04/210.47 mi33, Foxley Lane, Purley, Greater London CR8 3EH2
£288K09/210.47 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.47 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.47 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£477.5K04/210.48 mi33a, Foxley Lane, Purley, Greater London CR8 3EH2
£290K11/200.52 mi112, Kingsdown Avenue, South Croydon, Greater London CR2 6QH2
£245K11/200.53 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£262.5K06/230.66 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£285K12/210.8 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£335K11/210.81 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£295K12/200.85 mi46, The Pines, Purley, Greater London CR8 2DZ2
£269K06/210.87 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£292.5K07/210.99 mi12, Plesman Way, Wallington, Greater London SM6 9NB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,45012/240.04 miBourne Court, 60 Pampisford Road, Purley, CR82
£1,80012/240.05 miPampisford Road, Purley, CR82
£1,65012/240.09 miAstoria Court, Purley, Surrey2
£1,60003/250.1 mi-2
£1,65012/240.13 miWoburn Avenue, Purley, CR82
£1,89512/240.16 miMarvon Court, Russell Green Close, West Purley2
£1,62512/240.17 miWhytecliffe Road South, Purley, CR82
£1,30012/240.18 mi2 bedroom Second Floor Flat in Purley2
£1,85012/240.19 miGlenn Avenue Purley CR82
£1,65001/250.2 mi-2
£1,65001/250.2 mi-2
£1,65001/250.2 mi-2
£1,65002/250.2 mi-2
£1,65002/250.2 mi-2
£1,65002/250.2 mi-2
£1,50012/240.21 miWhytecliffe Road South, Purley2
£1,85001/250.21 mi-2
£1,85004/250.21 mi-2
£1,70002/250.22 mi-2
£1,70003/250.22 mi-2
£1,75003/250.22 mi-2
£1,90003/250.22 mi-2
£1,90003/250.22 mi-2
£1,90004/250.22 mi-2
£1,85004/250.22 mi-2
£1,80004/250.22 mi-2
£1,80004/250.22 mi-2
£1,80004/250.22 mi-2
£1,80004/250.22 mi-2
£1,80004/250.22 mi-2
£1,89512/240.22 miM Residence, Purley, CR82
£1,75012/240.22 mi-2
£1,80003/250.22 mi-2
£1,63512/240.22 mi-2
£1,63512/240.22 miWhytecliffe Road South, Purley, CR82
£1,80003/250.24 mi-2
£1,45012/240.25 miWhytecliffe Road South, Purley2
£1,95012/240.26 miBanstead Road, Purley, CR82
£1,90012/240.26 miBanstead Road, Banstead Road, CR82
£2,25012/240.27 mi-2
£1,85002/250.28 mi-2
£1,85004/250.28 mi-2
£1,95012/240.28 mi-2
£1,95012/240.28 mi-2
£1,95012/240.28 mi-2
£1,77502/250.3 mi-2
£1,67004/250.3 mi-2
£1,60002/250.37 mi-2
£1,60012/240.38 miBrighton Road, Purley, CR82
£1,65012/240.39 miBrighton Road, CR82

Links

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £275,000

January 31, 2025

Listed for £300,000

October 12, 2024

Floor Plans

Description

  • LIFT TO ALL FLOORS +
  • VERY LONG LEASEHOLD OVER 950 YEARS +
  • DOUBLE BEDROOMS +
  • NO ONWARD CHAIN +
  • WALKING DISTANCE TO STATION +
  • POTENTIAL BTL AT £1600 PCM +

A spacious two double bedroom 2nd floor apartment coveniently located close to Purley centre and mainline station. The property is In need of refurbishment offering an ideal investment with a good rental income.
Briefly comprising two double bedrooms, large living room, kitchen/diner and family bathroom.
Further benefits include lift access and secure entry system.
Situated within walking distance to Purley town centre with the mainline station providing easy access to London, a plethora of bars, restaurants and shops including Tesco Extra store. A mix of popular primary and secondary schools are within easy reach, for weekend walks there are many recreation grounds to enjoy.

Agent Details

Streets Ahead, Purley

020 3871 8691

Next Steps?

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

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