2-bedroom flat · CR3 5UG
For saleReduced £10k (−6.7%) on 21 AugListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom top floor flat is in need of updating and refurbishment and has a lease of 43 years making it unsuitable for anyone requiring a mortgage.
Approached from the communal walkway the front door leads into a good sized entrance hall with doors to all rooms as well as access to the loft void.
There is a good sized lounge with French doors onto a small balcony that overlooks the green. There is a kitchen fitted with a range of units with space for appliances.
There are two double bedrooms and the larger room features a small balcony. The bathroom is fitted with a basic white suite. Outside, there is a single garage en-bloc.
The property is in need of updating and improvement and is offered with no onward chain. The current lease is 43 years. Buyers should make their own enquiries regarding increasing the term.
The property is set just off the bustling centre at Caterham on the Hill which benefits from a doctors, vets and hospital as well as a number of restaurants, takeaways and pubs within the local area.
There is a good selection of local shops including a Tesco supermarket.
There are leisure and fitness facilities on the village and at the De Stafford sports centre whilst Caterham on the Hill is surrounded by miles of open countryside including the nearby Westaway Common, Coulsdon Common that leads on to Happy Valley and Kenley aerodrome.
The Surrey National golf course is just over a mile away. There is a selection of schools for children of all ages locally in the area.
More comprehensive facilities can be found in Caterham Valley and there are regular buses nearby to Caterham, Purley and beyond.
Trains to London are accessed from Coulsdon South, Upper Warlingham and Caterham. The M25 is approx. 3 miles to the south.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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
Agent & docs
FAQ
About Flat 11, Raglan Precinct,, Town End, Surrey
Explore nearby