2 Bed Flat, Single Let, CR8 5JE, £250,000

Godstone Road, Kenley, CR8 5JE - 5 months ago

Leasehold
BTL
ROI: 6%
~71 m²
+9 photos

ValuationUndervalued

Sold Prices£202K - £352K
Sold Prices/m²£3.6K/m² - £11.7K/m²

 

 

Square Metres

~70.70 m²
Price/m²£3.5K/m²

Value Estimate

£300,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,500

Rent Estimate

£1,450

Running Costs/mo

£1,091

Cashflow/mo

£359

Cashflow/yr

£4,305

ROI

6%

Gross Yield

7%

Local Sold Prices

21 sold prices from £202K to £352K, average is £269K. £3.6K/m² to £11.7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£295K12/200.06 mi46, The Pines, Purley, Greater London CR8 2DZ2
£245K11/200.43 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£269K06/210.47 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£290K04/210.65 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£288K09/210.67 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.67 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.67 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£272K02/230.67 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£352K12/220.68 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£268K12/200.68 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£225K11/210.83 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.83 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.83 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.83 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£202K11/200.83 mi4, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£245K02/210.83 mi3, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£288.9K03/210.83 mi31, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£250K03/210.85 miFlat 4, Whitefield House, Whitefield Avenue, Purley, Greater London CR8 4BP2
£278K01/210.91 mi7, Hawkhirst Road, Kenley, Greater London CR8 5DN2
£273.1K12/220.93 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£241K04/210.96 mi12, Clement Close, Purley, Greater London CR8 4BY2

Local Rents

32 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50002/240.03 mi-2
£1,49502/240.04 mi-2
£1,52512/240.04 mi-2
£1,75012/240.06 mi2 bedroom End Terrace House in Kenley2
£1,85012/240.1 miSt James Road, Croydon, Purley, CR82
£1,80012/240.1 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.1 miSt James Road, Croydon, Purley, CR82
£1,80004/250.2 mi-2
£1,50012/240.21 miDowns Court Road, Purley, CR82
£1,60012/240.31 miRedwing Court, Purley, CR82
£1,60012/240.31 mi-2
£1,75011/240.32 mi-2
£1,40012/240.32 miPurley, Surrey2
£1,77512/240.33 miNorthwood Avenue2
£1,72503/250.34 mi-2
£1,67512/240.35 miHayes Lane Kenley CR82
£1,45012/240.38 miStunning Refurbished Flat!!2
£1,50012/230.38 mi-2
£1,45002/250.38 mi-2
£1,58502/250.4 mi-2
£1,55002/250.4 mi-2
£1,50002/250.4 mi-2
£1,90012/240.43 mi 2 Bed Split Level Flat To Let in Purley2
£1,70012/240.5 mi-2
£1,65009/240.5 mi-2
£1,70012/240.5 miKendal Court, Kenley, CR82
£1,45012/240.5 miLister Court, Godstone Road, Purley, CR82
£2,00012/240.52 miChurch Road, Kenley, Surrey, CR82
£2,20012/240.52 miFirs Road, KENLEY2
£2,45012/240.52 miFirs Road Kenley CR82
£2,20012/240.52 miFirs Road Kenley CR82
£2,50003/250.62 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £250,000

November 24, 2024

Listed for £260,000

November 22, 2024

Floor Plans

Description

  • Well Proportioned Three Bedroom Top Floor Flat +
  • Convenient Residential Location +
  • Bathroom With White Suite +
  • Scope To Upgrade To Suit Own Taste +
  • Bright Front Aspect Reception +
  • Gas Central Heating +
  • Well Equipped Kitchen +
  • Close To Kenley And Purley Stations +
  • Easy Access Shops, Schools And Amenities +
  • Close To A22/M25 +

The Property
Spacious three bedroom top floor flat, conveniently situated close to transport links and local amenities. The property offers bright, well proportioned accommodation with additional scope to upgrade and customise to suit own taste - ideal for homeowner or investor alike. Features include a generous reception room, separate well equipped kitchen, bathroom with white suite, and gas central heating.

Accommodation comprises entrance hall with stairs rising to the upper floor, leading into the bright front aspect reception room with ample space for relaxing and entertaining, and door through to the separate kitchen. The kitchen comprises a range of matching wall and base units with work surfaces incorporating inset sink unit and further space for appliances. There are three well sized double bedrooms, plus a family bathroom with white three piece suite.

The property is conveniently located within just a short walk of Kenley and Purley train stations providing connections into Central London (circa 20 mins), as well as numerous regular bus routes linking the surrounding area. There are a selection of excellent schools nearby, with one just a stone's throw away from the flat, as well as a selection of local shops. The centre of Purley is also within easy reach, offering an array of shops, bars, cafes and restaurants, as well as supermarkets and amenities.

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Lease Information
We understand the lease on the property is 99 years from 24 June 2001. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Service Charges
To be confirmed. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 21/06/2100

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Croydon

020 3840 3596

Next Steps?

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