2 Bed Flat, Single Let, CR8 2DZ, £270,000

The Pines, PURLEY, Surrey, CR8 2DZ - 1 views - 2 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+12 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£337,500£337,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£10,300£10,300
Total Cash In	£77,800£77,800

Cash Out
Rent Range	£1,400 - £2,450£1,400 - £2,450
Rent Estimate	£1,450
Running Costs/mo	£1,154£1,154
Cashflow/mo	£296£296
Cashflow/yr	£3,555£3,555
ROI	5%5%
Gross Yield	6%6%

Local Sold Prices

21 sold prices from £202K to £352K, average is £272K. £3.6K/m² to £11.7K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	12/20	0 mi	46, The Pines, Purley, Greater London CR8 2DZ	£4,609	64	2	Flat
£245K	11/20	0.41 mi	32, Olden Lane, Purley, Greater London CR8 2EH	£3,551	69	2	Flat
£269K	06/21	0.42 mi	74, Lower Barn Road, Purley, Greater London CR8 1HR	-	-	2	Flat
£290K	04/21	0.63 mi	Flat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH	-	-	2	Flat
£288K	09/21	0.66 mi	Flat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£300K	11/22	0.66 mi	Flat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£285K	11/20	0.66 mi	Flat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£272K	02/23	0.66 mi	Flat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ	-	-	2	Flat
£268K	12/20	0.67 mi	Flat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH	-	-	2	Flat
£352K	12/22	0.71 mi	4b, Valley Road, Kenley, Greater London CR8 5DG	£6,286	56	2	Flat
£225K	11/21	0.85 mi	10, Gomshall Gardens, Kenley, Greater London CR8 5AH	£4,978	45	2	Flat
£262.5K	06/21	0.85 mi	14, Gomshall Gardens, Kenley, Greater London CR8 5AH	£6,220	42	2	Flat
£262.5K	06/21	0.85 mi	14, Gomshall Gardens, Kenley, Greater London CR8 5AH	£6,220	42	2	Flat
£260K	06/21	0.85 mi	32, Gomshall Gardens, Kenley, Greater London CR8 5AH	£5,098	51	2	Flat
£202K	11/20	0.85 mi	4, Gomshall Gardens, Kenley, Greater London CR8 5AH	£3,885	52	2	Flat
£245K	02/21	0.85 mi	3, Gomshall Gardens, Kenley, Greater London CR8 5AH	£11,667	21	2	Flat
£288.9K	03/21	0.85 mi	31, Gomshall Gardens, Kenley, Greater London CR8 5AH	£5,349	54	2	Flat
£273.1K	12/22	0.88 mi	30a, Purley Park Road, Purley, Greater London CR8 2BS	£3,955	69	2	Flat
£250K	03/21	0.9 mi	Flat 4, Whitefield House, Whitefield Avenue, Purley, Greater London CR8 4BP	-	-	2	Flat
£278K	01/21	0.93 mi	7, Hawkhirst Road, Kenley, Greater London CR8 5DN	£3,971	70	2	Flat
£335K	11/21	0.96 mi	Flat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,500	02/24	0.05 mi	-	2	Flat
£1,850	12/24	0.06 mi	St James Road, Croydon, Purley, CR8	2	Flat
£1,800	12/24	0.06 mi	Joyden Apartments, Croydon, Purley, CR8	2	Flat
£2,000	12/24	0.06 mi	St James Road, Croydon, Purley, CR8	2	Flat
£1,525	12/24	0.06 mi	-	2	Flat
£1,495	02/24	0.08 mi	-	2	Flat
£1,750	12/24	0.1 mi	2 bedroom End Terrace House in Kenley	2	Flat
£1,500	12/24	0.19 mi	Downs Court Road, Purley, CR8	2	Flat
£1,600	12/24	0.28 mi	Redwing Court, Purley, CR8	2	Flat
£1,600	12/24	0.28 mi	-	2	Flat
£1,725	03/25	0.28 mi	-	2	Flat
£1,750	11/24	0.29 mi	-	2	Flat
£1,400	12/24	0.29 mi	Purley, Surrey	2	Flat
£1,775	12/24	0.32 mi	Northwood Avenue	2	Flat
£1,500	12/23	0.35 mi	-	2	Flat
£1,450	02/25	0.35 mi	-	2	Flat
£1,675	12/24	0.38 mi	Hayes Lane Kenley CR8	2	Flat
£1,450	12/24	0.4 mi	Stunning Refurbished Flat!!	2	Flat
£1,585	02/25	0.42 mi	-	2	Flat
£1,550	02/25	0.43 mi	-	2	Semi-Detached House
£1,500	02/25	0.43 mi	-	2	Semi-Detached House
£1,900	12/24	0.46 mi	2 Bed Split Level Flat To Let in Purley	2	Flat
£1,450	12/24	0.47 mi	Lister Court, Godstone Road, Purley, CR8	2	Flat
£1,700	12/24	0.52 mi	-	2	Flat
£1,650	09/24	0.52 mi	-	2	Flat
£1,700	12/24	0.52 mi	Kendal Court, Kenley, CR8	2	Flat
£2,000	12/24	0.55 mi	Church Road, Kenley, Surrey, CR8	2	Flat
£2,200	12/24	0.58 mi	Firs Road, KENLEY	2	Flat
£2,450	12/24	0.58 mi	Firs Road Kenley CR8	2	Flat
£2,200	12/24	0.58 mi	Firs Road Kenley CR8	2	Flat
£1,750	02/24	0.61 mi	-	2	Flat
£1,700	02/24	0.61 mi	-	2	Flat
£1,895	11/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in CR8	32,30132,301
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.37 miles away0.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £270,000

February 6, 2025

Floor Plans

Description

Guide Price: £270,000 - £280,000

This spacious first-floor apartment is tucked away in a peaceful part of the development and offered to the market with no onward chain. Occupying 67.2 sq. m, it comprises two double bedrooms with fitted wardrobes, a modern fitted kitchen/breakfast room with integrated oven, hob, and filter hood, plus a white suite family bathroom with a shower over the bath. Additional features include double glazing and gas-fired central heating.

Surrounded by well-maintained communal grounds, the property also benefits from a private garage en-bloc, residents parking and a lease term of 94 years. Conveniently located near Purley, Kenley, and Riddlesdown stations, with local bus routes and a range of state and private schools close by.

Agent Details

Bairstow Eves, Purley

020 3835 5606

Next Steps?

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