2-bedroom flat · CR8 2FW
For saleReduced £50k (−11.8%) on 8 OctListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented, first-floor flat which has a reception room with open-plan kitchen area featuring stylish, handle-less units, integrated appliances and a breakfast bar.
Double doors lead from the living area out onto a south-facing balcony.
There is a generously-sized main bedroom plus a second double bedroom, a spacious, naturally-lit bathroom and a hallway storage/utility cupboard.
Demanding insulation standards, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating.
Cushing House is a recently-built development on Russell Hill.
Purley Station, which offers rail services to several destinations including London Bridge, Victoria and Gatwick, is only a short walk away. The flat comes with an allocated, off-street parking space.
Tenure: Leasehold (250 years from 21/12/2022). Service Charge: £146.47 per month (subject to annual review). Council Tax: Band D, London Borough of Croydon.
Please Note: This property is currently part-owned by Clarion Housing Association but is offered as a 100% open-market sale. Upon completion, the full leasehold title would transfer to the buyer.
This property is offered for sale in the condition seen.
The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing.
As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves.
The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Entrance Hall 13' 3" x 3' 10" (4.04m x 1.17m) Reception 18' 3" x 17' 2" max. (5.56m x 5.22m) Kitchen Included in reception measurement Bedroom 2 11' 10" x 7' 5" (3.61m x 2.26m) Bedroom 1 14' 6" max.
X 10' 3" max. (4.43m x 3.11m) Bathroom 8' 8" x 6' 0" (2.64m x 1.84m)
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat Eight, Cushing House, Purley
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