3 Bed Flat, Single Let, CR8 3QA £340,000

Plough Lane, CR8 3QA - 8 months ago

Leasehold

BTL

ROI: 6%

~76 m²

ValuationOvervalued

Sold Prices	£260K - £730K
Sold Prices/m²	£3.3K/m² - £6.2K/m²

Square Metres	~76.18 m²
Price/m²	£4.5K/m²
Value Estimate	£322,133£322,133

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£85,000£85,000
Stamp Duty & Legal Fees	£25,200£25,200
Total Cash In	£110,200£110,200

Cash Out
Rent Range	£1,750 - £3,000£1,750 - £3,000
Rent Estimate	£2,013
Running Costs/mo	£1,485£1,485
Cashflow/mo	£528£528
Cashflow/yr	£6,335£6,335
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

23 sold prices from £260K to £730K, average is £380K. £3.3K/m² to £6.2K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£730K	12/21	0.31 mi	212, Foresters Drive, Wallington, Greater London SM6 9LE	-	-	3	Flat
£325K	12/24	0.81 mi	10, Mcintosh Close, Wallington SM6 9JP	£3,652	89	3	Flat
£465K	08/21	1.11 mi	32, Blenheim Park Road, South Croydon, Greater London CR2 6BD	£4,346	107	3	Flat
£475K	03/25	1.19 mi	Flat 4, 6a Poppy Court, The Drive, Coulsdon CR5 2BL	£5,108	93	3	Flat
£475K	03/25	1.19 mi	Flat 4, 6a Poppy Court, The Drive, Coulsdon CR5 2BL	-	-	3	Flat
£485K	03/25	1.2 mi	Flat 6, 32, Hartley Down, Purley CR8 4EA	£3,911	124	3	Flat
£305K	01/25	1.26 mi	332b, Brighton Road, South Croydon CR2 6AJ	£3,765	81	3	Flat
£660K	06/21	1.27 mi	5, Field End, Coulsdon, Greater London CR5 2AY	£6,168	107	3	Flat
£405K	02/23	1.38 mi	Flat 22, Raleigh Court, Stanley Park Road, Wallington, Greater London SM6 0HH	-	-	3	Flat
£469.5K	05/23	1.38 mi	Lower Maisonette, 67, Avondale Road, South Croydon, Greater London CR2 6JE	-	-	3	Flat
£505K	11/22	1.4 mi	63a, Woodcote Grove Road, Coulsdon, Greater London CR5 2AH	£4,430	114	3	Flat
£425K	02/25	1.42 mi	Flat 1, 58 James Court, Brighton Road, Coulsdon CR5 2FJ	£4,427	96	3	Flat
£425K	02/25	1.42 mi	Flat 1, 58 James Court, Brighton Road, Coulsdon CR5 2FJ	-	-	3	Flat
£320K	12/24	1.43 mi	133 Maybury Court, 5, Haling Park Road, South Croydon CR2 6NN	£5,714	56	3	Flat
£276K	10/21	1.51 mi	14, Old School Place, Croydon, Greater London CR0 4GA	£4,059	68	3	Flat
£305K	05/25	1.62 mi	Flat 4, 27, Nottingham Road, South Croydon CR2 6AR	-	-	3	Flat
£305K	05/25	1.62 mi	Flat 4, 27, Nottingham Road, South Croydon CR2 6AR	£3,910	78	3	Flat
£330K	09/24	1.71 mi	163, Grove Lane, Coulsdon CR5 2QF	£5,156	64	3	Flat
£320K	06/23	1.71 mi	38c, Warham Road, South Croydon, Greater London CR2 6LA	£3,299	97	3	Flat
£380K	02/25	1.72 mi	Springfield Court, 28, Springfield Road, Wallington SM6 0BQ	£4,130	92	3	Flat
£348K	03/25	1.73 mi	55, Drovers Road, South Croydon CR2 6PR	£3,742	93	3	Flat
£260K	03/23	1.87 mi	4a, Aberdeen Road, Croydon, Greater London CR0 1EQ	£3,514	74	3	Flat
£374K	01/25	1.97 mi	59, Lavender Road, Carshalton SM5 3EF	£5,754	65	3	Flat

Local Rents

36 rents from £1.8K/mo to £3K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	03/24	0.16 mi	-	3	Flat
£2,800	09/25	0.17 mi	-	3	Flat
£2,650	08/25	0.18 mi	Russell Hill, PURLEY	3	House
£2,650	09/25	0.18 mi	Russell Hill, PURLEY	3	House
£2,650	09/25	0.18 mi	Russell Hill, PURLEY	3	House
£2,650	09/25	0.18 mi	Russell Hill, PURLEY	3	House
£2,350	10/25	0.18 mi	Purley, CR8	3	Flat
£2,400	10/25	0.18 mi	Russell Hill, Purley, CR8	3	Flat
£2,350	11/25	0.18 mi	Russell Hill, Purley, CR8	3	Flat
£2,350	10/25	0.18 mi	Russell Hill, Purley, CR8	3	Flat
£2,300	10/25	0.18 mi	Seaton Court, Purley, CR8	3	Flat
£1,900	09/25	0.18 mi	-	3	Flat
£1,950	11/25	0.18 mi	Russell Hill, CR8	3	Flat
£1,950	02/24	0.32 mi	-	3	Flat
£2,500	07/25	0.45 mi	-	3	Semi-Detached House
£2,750	08/25	0.45 mi	-	3	Semi-Detached House
£1,900	09/25	0.46 mi	Russell Hill Road, Purley, CR8	3	Flat
£2,400	10/25	0.49 mi	Wentworth House, Purley, CR8	3	Flat
£2,400	10/25	0.49 mi	Wentworth House, Purley, CR8	3	Flat
£2,200	02/24	0.49 mi	-	3	Flat
£2,100	03/25	0.52 mi	-	3	Flat
£2,550	10/25	0.52 mi	Box Ridge Avenue, West Purley	3	Bungalow
£2,000	06/25	0.52 mi	-	3	Terraced House
£2,000	06/25	0.52 mi	-	3	Terraced House
£2,100	12/24	0.53 mi	-	3	Flat
£1,750	08/25	0.55 mi	Brighton Road Purley CR8	3	Flat
£2,500	05/25	0.56 mi	Three bedroom apartment to rent in Purley	3	Flat
£2,500	06/25	0.56 mi	Three bedroom apartment to rent in Purley	3	Flat
£3,000	08/25	0.57 mi	NEW BUILD LAST APARTMENT AVAILABLE!! --Haq Mansions, CR8	3	Flat
£2,500	06/25	0.58 mi	-	3	Flat
£2,500	06/25	0.58 mi	Purley Rise, Purley, CR8	3	Flat
£2,050	07/25	0.6 mi	-	3	Flat
£2,100	06/25	0.6 mi	Calum Court, Central Purley, Purley, CR8	3	Flat
£2,100	07/25	0.61 mi	Green Lane, Purley, Surrey, CR8	3	Flat
£2,100	02/24	0.61 mi	-	3	Flat
£2,200	02/25	0.61 mi	-	3	Semi-Detached House

Local Area Statistics

Population in CR8	32,30132,301
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £340,000

March 17, 2025

Floor Plans

Description

LARGE GROUND FLOOR FLAT +
FORMING PART OF THIS DETACHED HOUSE +
UNDERGONE REFURBISHMENT +
THREE BEDROOMS +
DUAL ASPECT LOUNGE/DINING ROOM +
KITCHEN & FAMILY BATHROOM/WC +
COMMUNAL GARDEN & PARKING +
NO ONWARD CHAIN +

Situated of the ground floor of this period detached house, is this large three bedroom flat in the sought-after 'West Purley' area.

The property has undergone a degree of refurbishment and benefits from off street parking to the rear and is also offered with no onward chain.
The spacious accommodation includes a large inner hall with three bedrooms of which the master has an en-suite shower. There is good sized dual aspect lounge with large bathroom/WC and kitchen along with ample storage.

Externally there is a communal garden to rears along with bin storage and rear parking. glazing.

The location is ideal for commuters, with Purley mainline station providing quick access to London and the South Coast. The M25 is easily accessible via Hooley, with good connections to Gatwick. This property also presents a great investment opportunity.
DUAL ASPECT LOUNGE/DINING ROOM

KITCHEN

MASTER BEDROOM

EN-SUITE SHOWER

BEDROOM TWO

BEDROOM THREE

FAMILY BATHROOM/WC

Landing
Landing
Hall

Agent Details

Hyde & Rowe, Croydon

020 3907 2985

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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