How much is 116, Purley?

The asking rent is £850 a month.

No floorplan from the agent

116, Purley, CR8 1DD

Studio flat · CR8 1DD

140 sq ftEPC C1 bath

Asking rent

£850/mo

To rentReduced £50 (−5.6%) on 16 OctListed 12 days

Investor metrics

HMO Article 4 Direction AreaLondon Borough of Croydon city-wide Article 4 (HMO) · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Zero Deposit Guarantee Available Private Annexe with Garden - All Bills Included. This charming and unique studio annexe offers the perfect blend of privacy and convenience.

With its own separate entrance, you’ll enjoy a peaceful and independent living space, ideal for those seeking a cozy retreat.

The property boasts a garden area, with nice views providing an inviting outdoor space to relax and unwind.

Located just a short distance from Riddlesdown Train Station, the annexe benefits from excellent transport links, making commuting or exploring the local area a breeze.

Best of all, all utility bills are included, offering hassle-free living.Perfect for professionals or those in need of a quiet, self-contained space, this annexe is a rare find.

Council Tax Band: Holding Deposit: £207.00 Studio/Annex Private Shower room Part furnished Excellent transport links Available beginning November Single occupancy Garden area Well presented Parking

Key information

Furnished state

Furnished or unfurnished, landlord is flexible

Availability

Available now

Check availability with the agent

Bills

Bills Included

Floor area

140 sq ft (13 sq m)

EPC rating

current

Property age

Built 2012–2021

Local authority

Croydon

London Borough

County

Greater London Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

Short-let restrictions apply

Greater London: an entire home can be let short-term for at most 9090 short-let nights plus a mid-term let for the rest of the year.
England: a national short-term let register is being introduced; register the property before letting.

We're still gathering serviced-accommodation data for this area.

Model

Run the numbers.

Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

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 advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.