2 Bed Flat, Single Let, CR8 5LB £300,000

3 Station Approach, Hayes Lane, Kenley, Surrey, CR8 5JD - 8 views - 9 months ago
Leasehold
BTL
ROI: 3%
~68 m²
Property image

ValuationUndervalued

Sold Prices£108K - £355K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£331,886
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,200 - £2,500

Rent Estimate

£1,461

Running Costs/mo

£1,250

Cashflow/mo

£211

Cashflow/yr

£2,536

ROI

3%

Gross Yield

6%

Local Sold Prices

21 sold prices from £108K to £355K, average is £279.5K. £1.7K/m² to £6.3K/m², average is £4.9K/m².

Price
Date
Distance
Address
Beds
 
£300K10/240.05 mi36, Oaklands, Kenley CR8 5LB2
£355K07/250.09 miFlat 10, 4 Oakhurst Court, Hayes Lane, Kenley CR8 5GZ2
£270K11/240.15 miStation Approach, 1c, Hayes Lane, Kenley CR8 5JD2
£108K10/240.25 miKendal Court, 12, Godstone Road, Kenley CR8 5GE2
£352K12/220.36 mi4b, Valley Road, Kenley, Greater London CR8 5DG2
£279.5K11/240.36 mi9, Hazeldene Court, Kenley CR8 5DJ2
£300K03/250.41 mi12, Ashurst Close, Kenley CR8 5DH2
£300K03/250.41 mi12, Ashurst Close, Kenley CR8 5DH2
£307.5K03/250.46 mi91, Hayes Lane, Kenley CR8 5JR2
£225K11/210.53 mi10, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£262.5K06/210.53 mi14, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£260K06/210.53 mi32, Gomshall Gardens, Kenley, Greater London CR8 5AH2
£279K03/250.63 mi37, Partridge Knoll, Purley CR8 1BS2
£280.5K09/240.67 mi55a Walker House, Flat 20, Partridge Knoll, Purley CR8 1AY2
£269K06/210.67 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£260K05/250.69 mi5, Clement Close, Purley CR8 4BZ2
£260K05/250.69 mi5, Clement Close, Purley CR8 4BZ2
£345K02/250.75 mi79l Cara House, Flat 2, Riddlesdown Road, Purley CR8 1DH2
£312K02/250.85 mi8, 30 Highcroft, Old Lodge Lane, Purley CR8 4DF2
£255K02/250.88 mi20, Beaumont Road, Purley CR8 2EG2
£335K10/240.95 mi10 Silvermere Court, Flat 10, Foxley Hill Road, Purley CR8 2HB2

Local Rents

48 rents from £1.2K/mo to £2.5K/mo, average is £1.6K/mo.

Rent
Date
Distance
Address
Beds
 
£1,67512/240.08 miHayes Lane Kenley CR82
£1,55002/250.15 mi-2
£1,50002/250.15 mi-2
£1,80005/250.18 mi-2
£2,15011/250.18 miChurch Road, Kenley, Surrey, CR82
£2,00012/240.18 miChurch Road, Kenley, Surrey, CR82
£1,45012/240.18 miStunning Refurbished Flat!!2
£1,58502/250.19 mi-2
£1,60010/250.21 mi-2
£1,60009/250.21 miWindermere Court, Kenley, CR82
£2,50003/250.24 mi-2
£1,70012/240.25 mi-2
£1,65009/240.25 mi-2
£1,70012/240.25 miKendal Court, Kenley, CR82
£2,15008/250.29 mi42 Welcomes Road, Kenley2
£2,20008/250.29 mi42 Welcomes Road, Kenley2
£2,20010/250.29 mi42 Welcomes Road, Kenley2
£2,20010/250.29 miWelcomes Road, Kenley2
£1,59512/240.31 miValley Road, Kenley2
£1,59510/250.31 miValley Road, Kenley2
£1,75012/240.32 mi2 bedroom End Terrace House in Kenley2
£2,20012/240.35 miFirs Road, KENLEY2
£2,45012/240.35 miFirs Road Kenley CR82
£2,20012/240.35 miFirs Road Kenley CR82
£1,30012/240.37 miKenley Lane Kenley CR82
£1,50002/240.37 mi-2
£1,49502/240.4 mi-2
£1,50012/240.4 miDowns Court Road, Purley, CR82
£1,20010/250.4 mi2 bedroom First Floor Flat in Kenley2
£1,52512/240.41 mi-2
£1,50008/250.42 miThe Pines, CR82
£1,49511/250.42 miThe Pines, Purley, Croydon(London Borough), CR82
£1,65006/250.42 miThe Pines, CR82
£1,60011/250.42 miThe Pines, Purley, CR8 2DZ2
£1,65008/250.42 miThe Pines, Purley2
£1,85012/240.43 miSt James Road, Croydon, Purley, CR82
£1,80012/240.43 miJoyden Apartments, Croydon, Purley, CR82
£2,00012/240.43 miSt James Road, Croydon, Purley, CR82
£1,90008/250.43 miSt James Road, Croydon, Purley, CR82
£1,50006/250.44 miThe Pines, Purley2
£1,45008/250.45 mi2 Bedroom Appartment, Kenley - £1450PCM2
£1,45008/250.45 miHayes Lane, Kenley2
£1,50001/240.51 mi-2
£1,57512/240.53 miGomshall Gardens, Kenley, CR82
£1,81509/250.53 mi-2
£1,75009/250.54 mi-2
£1,95011/250.6 miDowns Court Road, Purley2
£2,20004/250.61 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £300,000

February 15, 2025

Floor Plans

Property image

Description

  • Two Double Bedrooms +
  • Ground Floor +
  • Direct Access To Terrace +
  • Modern Family Bathroom +
  • Large Fully Integrated Modern Kitchen/Breakfast Room +
  • Spacious Lounge With Direct Access To Terrace +
  • Very Close Proximity To Kenley Station +
  • Close Proximity To Sought After Local Schools +
  • No Onward Chain +

Offered to the market with no onward chain is this very well presented and spacious two double bedroom ground floor flat with direct access to a small terrace. This bright and generously proportioned flat comprises on entrance, a large hallway with plenty of storage, lounge/diner with direct access to the garden, two double bedrooms both with built in wardrobes, separate large modern fully integrated kitchen/breakfast room and a modern bathroom with a stand alone bath and overhead shower. The property is within close proximity to Kenley Station and local amenities plus further benefits from mature communal gardens, plenty of storage space and residents parking.

Located within a popular residential location and in close proximity to Kenley Station. Kenley Station provides access to both London Bridge and Victoria stations plus Blackfriars using Thameslink via Purley Station.

The property is within the catchment area of several sought after and prominent local schools including The Hayes and Harris Academy plus the M25/M23 motorways can be accessed via Caterham providing routes to both Gatwick and Heathrow airports.

Purley town centre is just over a mile away, offering a wide array of amenities including supermarkets, shops, bars and restaurants. Kenley Town itself has a selection of local amenities within a short distance, and Kenley Aerodome and Common are 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 Pure Gym in Purley and the de Stafford sports centre in Caterham.

Agent Details

Bairstow Eves, Kenley

020 3835 6056

Next Steps?

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