2-bedroom flat · CR3 6TD
For saleReduced £25k (−16.7%) on 17 JulListed 755 days
Opportunity summary
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About
A two bedroom first floor retirement flat in this purpose built complex a short distance from the town centre and station. The property is offered with no onward chain.
Situated at one end of the block, the property enjoys an open outlook down the valley from the second bedroom.
Approached from the road through a security front door, there is a lift that serves all floors.
The properties front door leads to the entrance hall with two useful cupboards and doors to the bedrooms, shower room and living room.
The rear aspect living room features a Juliette balcony and a door leads through to the kitchen.
The kitchen is fitted with a range of base and wall units with an integrated oven and hob as well as a fridge freezer and there is a window with an open outlook to the rear.
There are two double bedrooms, The L shaped master bedroom benefits from built in wardrobes and the second double bedroom has been used as a dining room and has a window to the side looking down the valley.
The shower room is fitted with a white suite and the current owners removed the bath and there is now an enclosed walk-in shower cubicle.
The property also benefits from a self-contained storage unit on the lower ground floor which is ideal for keeping things only required on an occasional basis.
Within Pegasus Court are a number of facilities for the residents including a lift, laundry and resident's lounge as well as gardens and gated parking.
The development is overseen by a house manager and there is "Careline" in all flats for added peace of mind.
Pegasus Court is situated within a few hundred yards of the bustling town centre with its railway station and bus links to Croydon, London and beyond.
Caterham offers a range of shops including a Morrisons and a Waitrose and the Church Walk Shopping Arcade with its mixture of shops as well as a selection of restaurants, coffee shops and pubs etc.
There is a doctors in nearby Eothen Close and a library across the road. Other facilities in the area include the Miller centre theatre, the Westway day centre and bowling at Queens park.
The area generally is surrounded by miles of open countryside on the North Downs and the M25 is accessible at J6 Godstone.
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.
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FAQ
About Flat 21,,, Pegasus Court, Caterham
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