2-bedroom flat · CR3 6AZ
For saleReduced £30k (−23.1%) on 21 JunListed 806 days
Opportunity summary
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About
This purpose built retirement apartment is situated to the rear of the development and is on the entrance level from the road but first floor from the rear overlooking the communal gardens.
Bourne Court is accessed from the road with an entry phone controlled system allowing visitor in.
From the communal hall, the entrance hall for the property leads to the bedrooms and living rooms and also benefits from two useful cupboards.
The property features two double bedrooms, both with built in wardrobes. There is a fitted bathroom with panel enclosed bath, low level WC and wash hand basin.
The living space has been reconfigured to create a single, spacious, open plan living/dining/ kitchen room with a window and Juliette balcony to the rear overlooking the gardens.
Within Bourne Court, there are a number of facilities for the resident including a communal lounge that opens onto the gardens.
There is a laundry and guest suite as well as a house manager who oversees the day to day running of the block. There are well tended gardens to the rear and resident's parking.
The property is situated a short walk away from the bustling town centre and comprehensive facilities of Caterham Valley.
Caterham offers a range of shops and supermarkets including a Waitrose and Morrisons as well as public houses, restaurants and coffee shops.
Caterham station provides direct trains to London via East Croydon and there are bus services to other local towns nearby.
There are a number of golf clubs, Caterham Rugby Club, bowls and cricket clubs locally and the De Stafford Sports and Leisure centre offers a further range of facilities.
The local area is surrounded by miles of open countryside including the Surrey Hills, an Area of Outstanding Natural Beauty and the North Downs Way.
Bourne Court is situated a short walk away from the bustling town centre and comprehensive facilities of Caterham Valley.
Caterham offers a range of shops and supermarkets including a Waitrose and Morrisons as well as public houses, restaurants and coffee shops.
Caterham station provides direct trains to both London Victoria and London Bridge via East Croydon and there are bus services to other local towns at the front of the development.
There are a number of golf clubs, Caterham Rugby Club, bowls and cricket clubs locally.
The de Stafford Sports and Leisure centre offers a further range of facilities as well as the Miller centre and Westway Centre on the hill.
The local area is surrounded by miles of open countryside including the Surrey Hills and the North Downs Way.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 6,, Bourne Court, Caterham
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