2-bedroom flat · CR3 6AZ
For saleReduced £20k (−16%) on 21 JunListed 277 days
Opportunity summary
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About
This well presented entrance level retirement apartment is located close to the entrance of the block with lift access leading to other floors and the garden.
The property has been updated and well maintained including the kitchen and the bathroom has been refitted with a spacious walk-in shower.
This rear aspect apartment offers bright airy views to the rear of the block overlooking the communal gardens and valley beyond.
The lounge/dining room benefits from a Juliette balcony and double doors lead to the kitchen. There are two double bedrooms, one with built in wardrobes and both 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.
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
Agent & docs
FAQ
About Flat 7, Bourne Court 91-103,, Croydon Road, Surrey
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