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

Elgar House, 20 Station Road, Kenley, CR8 5JA - 12 views - a year ago
Leasehold
BTL
ROI: 4%
~68 m²
Property image
Property image

ValuationUndervalued

Sold Prices£108K - £382K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£324,000
BMV20%

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

£1,400 - £2,150

Rent Estimate

£1,444

Running Costs/mo

£1,153

Cashflow/mo

£291

Cashflow/yr

£3,497

ROI

4%

Gross Yield

6%

Local Sold Prices

45 sold prices from £108K to £382K, average is £280K. £1.7K/m² to £6.3K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£269K06/210.23 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£270K11/240.31 miStation Approach, 1c, Hayes Lane, Kenley CR8 5JD2
£355K07/250.37 miFlat 10, 4 Oakhurst Court, Hayes Lane, Kenley CR8 5GZ2
£108K10/240.38 miKendal Court, 12, Godstone Road, Kenley CR8 5GE2
£345K02/250.38 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£300K10/240.43 mi36, Oaklands, Kenley CR8 5LB2
£279K03/250.46 mi37, Partridge Knoll, Purley CR8 1BS2
£280.5K09/240.49 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£352K12/220.57 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£279.5K11/240.6 mi9, Hazeldene Court, Kenley CR8 5DJ2
£300K03/250.65 mi12, Ashurst Close, Kenley CR8 5DH2
£300K03/250.65 mi12, Ashurst Close, Kenley CR8 5DH2
£225K11/210.67 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.67 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.67 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£335K10/240.75 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2
£255K02/250.79 mi20, Beaumont Road, Purley CR8 2EG2
£335K11/210.83 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£130K11/240.86 mi75 Azalea Court, 30, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.86 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£139K04/250.86 mi29, 75 Azalea Court, Whytecliffe Road South, Purley CR8 2AX2
£307.5K03/250.91 mi91, Hayes Lane, Kenley CR8 5JR2
£288K09/210.92 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.92 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£272K02/230.92 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£273.1K12/220.92 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£270K06/250.94 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.94 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£265K04/250.94 mi28, French Apartments, Lansdowne Road, Purley CR8 2PH2
£270K06/250.94 mi22, French Apartments, Lansdowne Road, Purley CR8 2PH2
£275K03/250.94 mi3, French Apartments, Lansdowne Road, Purley CR8 2PH2
£275K03/250.94 mi3, French Apartments, Lansdowne Road, Purley CR8 2PH2
£325K08/250.95 miFlat 16, Gemini Court, Brighton Road, Purley CR8 2FD2
£260K05/250.95 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.95 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£337K03/250.95 miFlat 5, 14, Brighton Road, Purley CR8 3AA2
£356K04/250.95 miFlat 7, 14, Brighton Road, Purley CR8 3AA2
£260K05/250.95 miFlat 4, 14, Brighton Road, Purley CR8 3AA2
£315K06/250.96 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£315K06/250.96 mi14, Park View, Christchurch Road, Purley CR8 2NL2
£382K06/250.97 miFlat 4, 57, Brighton Road, Purley CR8 2LR2
£382K06/250.97 miFlat 4, 57, Brighton Road, Purley CR8 2LR2
£312K02/250.99 mi8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF2
£280K06/250.99 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2
£280K06/250.99 mi16, Lansdowne Court, Brighton Road, Purley CR8 2BD2

Local Rents

50 rents from £1.4K/mo to £2.1K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,50012/240.12 miDowns Court Road, Purley, CR82
£1,85012/240.25 miSt James Road, Croydon, Purley, CR82
£1,80012/240.25 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.25 miSt James Road, Croydon, Purley, CR82
£1,90008/250.25 miSt James Road, Croydon, Purley, CR82
£1,72504/250.29 mi-2
£1,89009/250.29 mi-2
£1,50006/250.29 miThe Pines, Purley2
£1,45012/240.3 miStunning Refurbished Flat!!2
£1,65008/250.3 miThe Pines, Purley2
£1,60011/250.3 miThe Pines, Purley, CR8 2DZ2
£1,50002/240.3 mi-2
£1,50008/250.3 miThe Pines, CR82
£1,49511/250.3 miThe Pines, Purley, Croydon(London Borough), CR82
£1,65006/250.3 miThe Pines, CR82
£1,75012/240.31 mi2 bedroom End Terrace House in Kenley2
£1,58502/250.31 mi-2
£1,75002/240.31 mi-2
£1,70002/240.31 mi-2
£1,89511/240.31 mi-2
£1,55002/250.35 mi-2
£1,50002/250.35 mi-2
£1,95011/250.35 miDowns Court Road, Purley2
£1,52512/240.36 mi-2
£1,49502/240.37 mi-2
£1,67512/240.37 miHayes Lane Kenley CR82
£1,70012/240.38 mi-2
£1,65009/240.38 mi-2
£1,70012/240.38 miKendal Court, Kenley, CR82
£1,80005/250.38 mi-2
£1,95012/230.38 mi-2
£1,90011/230.38 mi-2
£1,60004/250.38 mi-2
£1,85009/250.42 miRiddlesdown Road, Purley, CR82
£1,80011/250.44 miRiddlesdown Road, Purley, CR82
£2,15011/250.47 miChurch Road, Kenley, Surrey, CR82
£2,00012/240.47 miChurch Road, Kenley, Surrey, CR82
£1,60012/240.52 miRedwing Court, Purley, CR82
£1,60012/240.52 mi-2
£1,75007/250.52 mi-2
£1,75011/240.53 mi-2
£1,59512/240.53 miValley Road, Kenley2
£1,59510/250.53 miValley Road, Kenley2
£1,40012/240.53 miPurley, Surrey2
£1,85010/250.55 miSunnydene Road Purley CR82
£1,60010/250.56 miDowns Court Road, Purley, CR82
£1,50012/230.56 mi-2
£1,60010/250.56 mi-2
£1,45002/250.56 mi-2
£1,55009/250.56 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.30 miles away

Nearest train station

0.38 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

December 26, 2024

Floor Plans

Property image

Description

  • Two Double Bedrooms +
  • First Floor Flat +
  • Very Spacious Lounge/Diner +
  • Large Walk In Storage Area +
  • Residents Parking +
  • Garage +
  • Communal Gardens +
  • Very Close Proximity to Kenley Station And Local Amenities +
  • No Onward Chain +

A very spacious two double bedroom first floor flat located in close proximity to Kenley Station and local amenities and is offered to the market with no onward chain.

The property is an ideal purchase for first time buyers or investors and comprises a generous hallway, leading to a very spacious lounge/diner with plenty of space for sofas and a dining table and benefits from a separate modern kitchen with plenty of built in wall and base units with drawers and space for oven, washing machine and dishwasher. There are two very well proportioned double bedrooms with the family bathroom and separate W/C.

The property has plenty of storage and benefits from a large walk in cloaks cupboard that could be utilised as a study and further benefits from a garage en bloc and parking. No onward chain.

Conveniently situated within very close proximity to local amenities and transport links with Kenley Station providing access to both London Bridge and Victoria stations and Blackfriars via Purley Station plus the 407 bus route to Croydon/Caterham.

There are several sought after local schools for all ages within the vicinity including Harris Academy and The Hayes School and Riddlesdown Collegiate. 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.

Kenley Aerodrome and Common are also nearby and provide miles of open space and country walks. There are further leisure amenities locally including a number of golf clubs, sports clubs and gyms including the de Stafford sports centre in Caterham.

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 💪