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

Godstone Road, Kenley, CR8 5JE - 3 months ago

Leasehold
BTL
ROI: 9%
~71 m²
+8 photos

ValuationUndervalued

Sold Prices£260K - £730K
Sold Prices/m²£2.1K/m² - £7.1K/m²

 

 

Square Metres

~70.79 m²
Price/m²£3.5K/m²

Value Estimate

£310,312
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,750 - £2,704

Rent Estimate

£1,775

Running Costs/mo

£1,156

Cashflow/mo

£619

Cashflow/yr

£7,425

ROI

9%

Gross Yield

9%

Local Sold Prices

31 sold prices from £260K to £730K, average is £350K. £2.1K/m² to £7.1K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£720K03/210.75 mi49, Hartley Old Road, Purley, Greater London CR8 4HH3
£300K02/210.78 mi913b, Brighton Road, Purley, Greater London CR8 2BP3
£340K03/210.92 mi39b, Purley Park Road, Purley, Greater London CR8 2BU3
£296K03/211.03 mi28, Purley Downs Road, Purley, Greater London CR8 1HA3
£285K12/201.16 mi103, Kingsdown Avenue, South Croydon, Greater London CR2 6QL3
£660K06/211.25 mi5, Field End, Coulsdon, Greater London CR5 2AY3
£505K11/221.35 mi63a, Woodcote Grove Road, Coulsdon, Greater London CR5 2AH3
£465K08/211.56 mi32, Blenheim Park Road, South Croydon, Greater London CR2 6BD3
£730K12/211.61 mi212, Foresters Drive, Wallington, Greater London SM6 9LE3
£386K06/211.84 mi18a, Westview Avenue, Whyteleafe, Surrey CR3 0EQ3
£386K06/211.84 mi18a, Westview Avenue, Whyteleafe, Surrey CR3 0EQ3
£386K06/211.84 mi18a, Westview Avenue, Whyteleafe, Surrey CR3 0EQ3
£422.5K06/231.85 mi73, Ridge Langley, South Croydon, Greater London CR2 0AP3
£510K04/211.85 mi2, Shirley Avenue, Coulsdon, Greater London CR5 1QU3
£469.5K05/231.86 miLower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE3
£320K01/212.04 mi163, Tollers Lane, Coulsdon, Greater London CR5 1BJ3
£265K10/202.19 mi114, Goodenough Way, Coulsdon, Greater London CR5 1DZ3
£345K03/212.27 mi121a, Onslow Gardens, Wallington, Greater London SM6 9PY3
£381K09/212.3 mi536, Coulsdon Road, Caterham, Greater London CR3 5QQ3
£525K10/202.3 mi4, Woodland Gardens, South Croydon, Greater London CR2 8PH3
£500K03/212.32 mi2, Salmons Lane West, Caterham, Surrey CR3 5LT3
£322K11/202.34 mi97a, Onslow Gardens, Wallington, Greater London SM6 9PX3
£350K06/212.39 mi23, Crewes Close, Warlingham, Surrey CR6 9NX3
£320K06/232.4 mi38c, Warham Road, South Croydon, Greater London CR2 6LA3
£325K02/232.43 mi257d, Coulsdon Road, Caterham, Surrey CR3 5QR3
£340K01/212.49 mi15, Cranley Gardens, Wallington, Greater London SM6 9PR3
£276K10/212.5 mi14, Old School Place, Croydon, Greater London CR0 4GA3
£260K03/232.52 mi4a, Aberdeen Road, Croydon, Greater London CR0 1EQ3
£300K02/212.54 miFlat 16, Phyllis House, Ashley Lane, Croydon, Greater London CR0 4HP3
£405K02/232.66 miFlat 22, Raleigh Court, Stanley Park Road, Wallington, Greater London SM6 0HH3
£282.5K06/212.74 mi133, Coulsdon Road, Caterham, Surrey CR3 5NJ3

Local Rents

32 rents from £1.8K/mo to £2.7K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,77512/240.03 mi-3
£1,80003/250.08 mi-3
£2,00001/250.12 mi-3
£1,95012/240.22 miFoxley Gardens, Purley3
£1,90012/240.26 miOaklands Gardens, Kenley3
£2,10012/240.3 miNorthwood Avenue, Purley, Surrey3
£1,77512/240.4 mi-3
£1,77512/240.4 mi-3
£2,10012/240.42 mi-3
£2,35012/240.43 mi3 Bed Flat To Let in Purley3
£1,95012/240.65 mi-3
£2,35003/250.66 mi-3
£1,80012/240.67 miLansdowne Road, Purley, CR83
£2,40003/250.67 mi-3
£1,82509/240.68 mi-3
£2,50012/240.68 miOakmont Close , Kenley 3
£2,50001/240.76 mi-3
£2,20002/250.85 mi-3
£2,10002/240.86 mi-3
£2,15012/240.87 mi-3
£2,10002/250.92 mi-3
£1,87512/230.96 mi-3
£1,95002/241 mi-3
£2,00003/251.02 mi-3
£1,75002/251.02 mi-3
£2,70412/241.12 miTen Degrees, Croydon, CR03
£2,00012/241.12 miMontpelier Road 3
£2,50012/241.12 mi3 bedroom Detached House in Coulsdon3
£2,40003/241.18 mi-3
£1,95012/241.2 miDeepfield Way, Coulsdon, Surrey, CR53
£1,90012/241.21 miDeepfield Way, Coulsdon, CR53
£2,05012/241.21 mi-3

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)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £250,000

January 8, 2025

Floor Plans

Description

  • GUIDE PRICE: £240,000 - £260,000 +
  • No Onward Chain +
  • Three Bedrooms +
  • Spacious Living Accommodation +
  • Scope to Enhance +
  • Popular Residential Location +
  • Close to Transport Links +

GUIDE PRICE: £240,000 - £260,000

This well-proportioned three bedroom flat consists of a spacious entrance hall with lots of space to store coats and shoes, a generous lounge with great natural light is the perfect room for entertaining guests. The large separate kitchen offers a good space to get creative with meals and scope for buyers to enhance. The bedrooms are adequate doubles with space for freestanding furniture. The bathroom contains a three piece suite with shower over bath, large window, and part tiled. The property is double glazed throughout, benefits from Gas central heating and combi-boiler.

Ideal for first time buyers or buy-to-let investors the location is extremely popular close to a range of shops and transport links

Agent Details

haart, Croydon

020 3835 6281

Next Steps?

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