2 Bed Flat, Single Let, CR8 2BD £289,950

Brighton Road, Purley, CR8 2BD - 6 views - a year ago
Sold STC
BTL
ROI: 5%
~66 m²
Property image

ValuationUndervalued

Sold Prices£105K - £442.3K
Sold Prices/m²£2.1K/m² - £6.1K/m²

 

 

Square Metres

~65.50 m²
Price/m²£4.4K/m²

Value Estimate

£316,009
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,488

Stamp Duty & Legal Fees

£20,195

Total Cash In

£92,683

 

 

Cash Out

 

Rent Range

£1,450 - £2,250

Rent Estimate

£1,600

Running Costs/mo

£1,246

Cashflow/mo

£354

Cashflow/yr

£4,247

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £442.3K, average is £284K. £2.1K/m² to £6.1K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£280K06/250 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2
£280K06/250 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2
£273.1K12/220.1 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.14 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.14 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£270K01/250.16 mi660, Brighton Road, Purley CR8 2BB2
£315K06/250.17 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£315K06/250.17 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£268K03/250.22 mi119, Kingsdown Avenue, South Croydon CR2 6QL2
£442.3K01/250.22 mi7a Athena House, Flat 7, Edgehill Road, Purley CR8 2NB2
£325K08/250.24 miFlat 16, Gemini Court, Brighton Road, Purley CR8 2FD2
£387.5K12/240.25 mi103, Flat 9, Montpelier Road, Purley CR8 2QF2
£130K11/240.3 mi75 Azalea Court, 30, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.3 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.3 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£200K08/250.32 miFlat 26, 11 Gresham Court, Pampisford Road, Purley CR8 2UU2
£262.5K06/230.41 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£340K07/250.46 mi54, Chancellor Gardens, South Croydon CR2 6WB2
£292K11/240.46 mi4, Flat 11, Foxley Lane, Purley CR8 3EP2
£105K11/240.49 mi10 Reynard Court, Flat 1, Foxley Lane, Purley CR8 3EN2
£260K05/250.52 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.52 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£337K03/250.52 miFlat 5, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.52 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£260K05/250.52 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£335K10/240.54 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2
£284K05/250.57 miFlat 9, 198 Milford House, Pampisford Road, South Croydon CR2 6DB2
£284K05/250.57 miFlat 9, 198 Milford House, Pampisford Road, South Croydon CR2 6DB2
£275K11/240.57 miHurst View Grange, 15, Pampisford Road, South Croydon CR2 6DL2
£420K10/240.59 mi4, Flat 2, Woodcote Valley Road, Purley CR8 3AG2
£335K11/210.6 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£345K02/250.62 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£285K12/210.62 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£275K02/250.63 mi50a, Blenheim Crescent, South Croydon CR2 6BP2
£330K06/250.66 miFlat 1, 38, Blenheim Crescent, South Croydon CR2 6BN2
£340K01/250.68 mi167, Flat 10, Pampisford Road, South Croydon CR2 6LS2
£272K02/230.7 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£305K11/240.7 mi3, Flat 3, Parrs Close, South Croydon CR2 0QX2
£288K09/210.7 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.7 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£280.5K09/240.71 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£289K05/250.73 miFlat 3, 8, Parrs Close, South Croydon CR2 0QX2
£289K05/250.73 miFlat 3, 8, Parrs Close, South Croydon CR2 0QX2
£270K06/250.73 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.73 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.73 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£270K06/250.73 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£340K01/250.74 mi9, Theresa's Walk, South Croydon CR2 0AU2
£279K03/250.74 mi37, Partridge Knoll, Purley CR8 1BS2
£255K02/250.74 mi20, Beaumont Road, Purley CR8 2EG2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,55008/250.01 mi-2
£2,25012/240.01 mi-2
£1,80010/250.01 mi-2
£1,80004/250.06 mi-2
£1,55005/250.06 miPurley Court, 841 Brighton Road2
£1,55009/250.06 miPurley Court, 841 Brighton Road2
£1,52508/250.06 miPurley Court, Brighton Road, Purley2
£1,60007/250.07 miLansdowne Court, Brighton Road, Purley, Surrey, CR82
£1,60008/250.08 miBrighton Road, Purley, CR82
£1,65011/250.08 mi-2
£1,70002/250.09 mi-2
£1,70003/250.09 mi-2
£1,75003/250.09 mi-2
£1,90003/250.09 mi-2
£1,90003/250.09 mi-2
£1,90004/250.09 mi-2
£1,85004/250.09 mi-2
£1,80004/250.09 mi-2
£1,80004/250.09 mi-2
£1,80004/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,80005/250.09 mi-2
£1,70008/250.1 miPampisford Road Purley CR82
£1,70008/250.1 miPurley Park Road, Purley, CR82
£1,45011/250.1 miPurley Park Road, Purley, CR82
£1,45011/250.1 mi-2
£1,60002/250.11 mi-2
£1,70006/250.11 mi-2
£1,75010/250.11 mi-2
£1,77502/250.12 mi-2
£1,67004/250.12 mi-2
£1,60012/240.12 miBrighton 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
£1,65012/240.14 miBrighton Road, CR82
£1,65012/240.14 miBrighton Road, Purley2
£2,00001/250.14 mi-2
£1,85012/240.19 miGlenn Avenue Purley CR82
£1,60012/240.19 miMontpelier Road, Purley, CR82
£1,60002/250.21 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £289,950

January 15, 2025

Price changed to £300,000

November 19, 2024

Listed for £325,000

October 16, 2024

Floor Plans

Property image

Description

  • No CHAIN +
  • Two Bedroom Apartment +
  • Private Balcony +
  • Separate Kitchen +
  • Residents Parking +
  • Within Half a Mile of Town Centre and Station +

OVERVIEW This newly refurbished, two bedroom apartment is situated on the second floor and offered to the market in excellent decorative order throughout. This spacious property is situated within a 1930’s Art Deco style mansion block and is being sold with a share of freehold. The generously sized, fully redecorated flat has new windows and flooring throughout, enjoys a newly installed smart modern kitchen with fitted appliances and breakfast bar. The large and airy family bathroom is fitted with a corner bath and overhead shower together with a new wash basin/vanity unit. The flat’s new flooring is a mix of vinyl and carpet with deep underlays. Each room leads off the long L shaped, attractive hallway. All solid wooden doors have been meticulously restored with new chrome door handles fitted to match the fresh and neutral feel of the apartment. The bright sitting room has large windows enjoying a panoramic view across the skyline, as does the front bedroom, which benefits from a wall-mounted, newly fitted Dimplex heating unit. The rear bedroom and kitchen offer pleasant and secluded views of greenery. The kitchen provides direct access to your own private balcony. A number of new lights have been installed to complete the refurbishment. The landing communal hallway, at the top of the communal staircase, is wide and light and is shared by just one other flat. The development enjoys excellently maintained, stunning private communal gardens with wide lawns for residents and Pampas grasses, shrubs and seasonal plants which are cut regularly. Mature trees and hedges create natural green separation from the road. The development also benefits from well-lit, permit-controlled parking for the residents, which is conveniently close to the apartment. Tenure: Share of Freehold Remaining Lease: 909 years Service Charge: £1750 per annum Ground Rent: £0 EPC: Rating E Council Tax: C LOCATION Lansdowne Court is a popular residential apartment building situated conveniently close to many local shops, schools and transport links. Purley town centre, which is 10 minutes’ walk away, offers an array of shops, bars and restaurants. There are also a number of gyms and retail stores nearby and Purley Hospital (10 mins walk). Purley and Purley Oaks train stations are also nearby, providing direct access into central London and Gatwick Airport. Adjacent to the outside of the property are direct bus routes on the Brighton Road, perfect for commuting to Croydon, Redhill or more central London locations. The Rotary field is five minutes’ walk from the development, a perfect spot for dog-walking and leisurely afternoons strolls. The area itself is popular with young families and close to a host of reputable local schools, both state and independent, as well as numerous open spaces for long country walks including Riddlesdown Common and Kenley aerodrome. The proximity of this suburban location in leafy green Surrey but within 30 minutes of central London makes this an appealing place to live.

EPC Rating: E

Agent Details

Move Revolution, Covering Surrey/Sussex

01737 301581

Next Steps?

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