2 Bed Flat, Single Let, CR8 2FD, £295,000

Gemini Court, Brighton Road, Purley, CR8 2FD - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£245K - £477.5K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~68.30 m²
Price/m²£4.3K/m²

Value Estimate

£330,117
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Total Cash In

£94,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,450

Running Costs/mo

£1,232

Cashflow/mo

£218

Cashflow/yr

£2,618

ROI

3%

Gross Yield

6%

Local Sold Prices

21 sold prices from £245K to £477.5K, average is £285K. £3.4K/m² to £7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£273.1K12/220.3 mi30a, Purley Park Road, Purley, Greater London CR8 2BS2
£285K06/210.37 mi666, Brighton Road, Purley, Greater London CR8 2BB2
£275K11/200.37 mi646, Brighton Road, Purley, Greater London CR8 2BB2
£248K07/230.37 mi648, Brighton Road, Purley, Greater London CR8 2BB2
£290K04/210.45 miFlat 11, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£268K12/200.45 miFlat 7, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PH2
£272K02/230.47 miFlat 77, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£288K09/210.47 miFlat 48, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£300K11/220.47 miFlat 45, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£285K11/200.47 miFlat 50, French Apartments, Lansdowne Road, Purley, Greater London CR8 2PJ2
£245K11/200.5 mi32, Olden Lane, Purley, Greater London CR8 2EH2
£290K11/200.51 mi112, Kingsdown Avenue, South Croydon, Greater London CR2 6QH2
£477.5K04/210.52 mi33, Foxley Lane, Purley, Greater London CR8 3EH2
£477.5K04/210.52 mi33a, Foxley Lane, Purley, Greater London CR8 3EH2
£262.5K06/230.65 mi538, Brighton Road, South Croydon, Greater London CR2 6AU2
£335K11/210.77 miFlat 20, Barrards Hall, Beech Avenue, South Croydon, Greater London CR2 0NL2
£295K12/200.81 mi46, The Pines, Purley, Greater London CR8 2DZ2
£285K12/210.81 mi11, Allder Way, South Croydon, Greater London CR2 6JZ2
£269K06/210.82 mi74, Lower Barn Road, Purley, Greater London CR8 1HR2
£293.5K02/230.97 mi27, Montana Close, South Croydon, Greater London CR2 0AT2
£282.5K11/211 mi12, Wisley Court, South Croydon, Greater London CR2 0QY2

Local Rents

50 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.07 miAstoria Court, Purley, Surrey2
£1,45012/240.07 miBourne Court, 60 Pampisford Road, Purley, CR82
£1,80012/240.09 miPampisford Road, Purley, CR82
£1,65012/240.1 miWoburn Avenue, Purley, CR82
£1,60003/250.12 mi-2
£1,62512/240.14 miWhytecliffe Road South, Purley, CR82
£1,85012/240.14 miGlenn Avenue Purley CR82
£1,65001/250.16 mi-2
£1,65001/250.16 mi-2
£1,65001/250.16 mi-2
£1,65002/250.16 mi-2
£1,65002/250.16 mi-2
£1,65002/250.16 mi-2
£1,30012/240.16 mi2 bedroom Second Floor Flat in Purley2
£1,50012/240.19 miWhytecliffe Road South, Purley2
£1,70002/250.19 mi-2
£1,70003/250.19 mi-2
£1,75003/250.19 mi-2
£1,90003/250.19 mi-2
£1,90003/250.19 mi-2
£1,90004/250.19 mi-2
£1,85004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,80004/250.19 mi-2
£1,85001/250.2 mi-2
£1,85004/250.2 mi-2
£1,63512/240.2 mi-2
£1,63512/240.2 miWhytecliffe Road South, Purley, CR82
£1,89512/240.21 miM Residence, Purley, CR82
£1,89512/240.21 miMarvon Court, Russell Green Close, West Purley2
£1,80004/250.22 mi-2
£1,45012/240.23 miWhytecliffe Road South, Purley2
£2,25012/240.25 mi-2
£1,75012/240.25 mi-2
£1,80003/250.25 mi-2
£1,85002/250.28 mi-2
£1,85004/250.28 mi-2
£1,95012/240.28 miBanstead Road, Purley, CR82
£1,90012/240.28 miBanstead Road, Banstead Road, CR82
£1,77502/250.3 mi-2
£1,67004/250.3 mi-2
£1,95012/240.32 mi-2
£1,95012/240.32 mi-2
£1,95012/240.32 mi-2
£1,60002/250.34 mi-2

Local Area Statistics

Population in CR8

32,301

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £295,000

February 24, 2025

Floor Plans

Description

  • Stunning First Floor Apartment +
  • Two Double Bedrooms / Two Bathrooms +
  • Residents Lift +
  • Immaculate Condition +
  • EPC Rating: B +
  • Gas Central Heating & Double Glazing +
  • Balcony +
  • Allocated Parking +
  • Centrally Located for Purley High Street +
  • Moments' From Purley Mainline Train Station +

Frost Estate Agents are excited to offer this stylish 1st-floor apartment in the highly sought-after Gemini Court, a well-maintained block with lift access. Ideally located for commuters, Purley Mainline Station is just a short walk away, offering a fast and frequent service into Central London. Presented to a very high standard throughout, with spacious, bright living areas, this apartment makes an excellent first-time purchase. The property also benefits from an allocated parking space to the rear, and is being sold with no onward chain. The building has also successfully passed its EWS1 survey.The accommodation spans 735 sq/ft and includes an entrance hallway with a large storage cupboard, the generous lounge-diner has access to a front-facing balcony offering views across the area, open plan fully fitted kitchen, which is equipped with a range of built-in appliances (fridge, freezer, oven, hob, dishwasher, washing machine). Both double bedrooms are spacious and include fitted wardrobes for added convenience. There are two fully tiled bathrooms, one of which is en-suite.The apartment’s central location is perfect for commuters, with the A23 providing direct access to Central London. The M25 and M23 are less than six miles away, and both Gatwick and Heathrow airports are easily accessible. By train, Purley is on the main London-to-Brighton line, with quick services to London Bridge in 25 minutes and to London Victoria in around 23 minutes. Thameslink services are also available at Purley for additional travel options.Just a short distance from the Purley Way, you'll find a variety of large shopping outlets, including electronic superstores, TK Maxx, Ikea, furniture and interior design shops, as well as supermarkets. Entertainment options at Valley Park ensure that everything you need is nearby. For outdoor enthusiasts, Kenley and Riddlesdown Commons offer superb recreational space, along with the beautiful Farthing Downs, a site of special scientific interest. This extensive area of semi-natural downland and ancient woodland is a remarkable natural feature within Greater London.

Agent Details

Frost Estate Agents, Purley

020 8660 8228

Next Steps?

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