Modern Method of Auction
Auction date not yet published
3-bedroom flat · CR5 2BJ
For saleListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid 400,000 Set within an impressive red brick building, this stunning home has been finished to an outstanding specification throughout, with no expense spared in creating a truly luxurious living environment.
The heart of the home is the superb open-plan kitchen and dining room, an impressive 26'8" x 12'2", fitted with sleek handleless grey cabinetry, quartz worktops, integrated appliances, and atmospheric LED under-unit lighting - a space designed as much for entertaining as for everyday living.
The adjoining reception room is bathed in natural light and opens directly onto a private patio terrace via full-width bi-fold doors, creating a seamless flow between indoors and out.
The principal bedroom is a standout feature of the property, boasting bespoke fitted wardrobes with overhead storage, air conditioning, and the added luxury of its own private patio with bi-fold access - a rare and desirable touch.
A stylish en-suite shower room serves this room exclusively.
Two further well-proportioned double bedrooms are served by a beautifully appointed family bathroom, finished with large format tiles, a rainfall shower enclosure, wall-hung vanity unit, and polished chrome fittings throughout.
Externally, the private patio is a wonderful space for al fresco dining or relaxing, with mature potted planting adding charm and character.
Residents also benefit from a generous communal lawn garden and secure allocated parking.
The total floor area extends to approximately 896 sq ft (83.2 sq m), and the property falls within London Borough of Croydon Council Tax Band E.
Coulsdon town centre, with its range of shops, restaurants, and amenities, is within easy reach, as are excellent transport links including Coulsdon South and Coulsdon Town stations, providing fast and frequent services into Central London.
Early viewing is essential to fully appreciate all this exceptional home has to offer.
Council Tax Band: E Tenure: Leasehold Length of Lease: 120 Annual Ground Rent Amount: 460.00 Annual Service Charge Amount: 1,800.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About Flat 2 - Elston Court 13, South Drive, Coulsdon
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