1-bedroom flat · SM7 2FE
For saleReduced £20k (−9.1%) on 8 SepListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Chain - One Bedroom Ground Floor Apartment please note: This is a compact one-bedroom apartment of approximately 473 sq ft.
Buyers are advised to consider the accommodation and floorplan carefully before arranging a viewing.
Offered to the market with no onward chain, this one-bedroom ground floor apartment forms part of the established and sought-after Elizabeth Drive gated development, set within approximately 28 acres of attractive communal grounds.
The accommodation comprises an entrance hall with storage, a bright open-plan living room and fitted kitchen, bathroom and double bedroom with built-in wardrobe.
Although compact internally, the property benefits considerably from its surroundings.
Residents have use of the extensive landscaped communal grounds, together with residents' tennis courts and a communal BBQ area, creating a particularly pleasant setting rarely associated with a one-bedroom apartment.
The property also has one allocated parking space within the gated development. Please note that commercial vehicles are not permitted to be parked on the development overnight.
Elizabeth Drive is well placed for access to Banstead, Chipstead and surrounding areas, with local shopping, transport links and open spaces all within easy reach.
The property would make an attractive purchase for a first-time buyer, downsizer, commuter or investor looking for a manageable apartment within an impressive private development.
Key Features No onward chain One bedroom ground floor apartment Approximately 473 sq ft Secure gated development Approximately 14 acres of communal grounds Residents' tennis courts Communal BBQ area Open-plan kitchen/living room Double bedroom with built-in wardrobe Allocated parking space Sought-after Elizabeth Drive development Leasehold Information Ground Rent: £250 per annum The seller advises that the ground rent is fixed with no scheduled increases.
Service Charge: £2766 Reserve Fund Charge: £2939 Total for the 12-month period: £5706 approx If charges remained at the same level for both halves of the year, that would equate to approximately £5,706.24 per annum, although I would not put £5,706.24 as the annual service charge on Rightmove unless the managing agent has confirmed that figure.
Value & comps
No previous sales on record.
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 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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About Flat 14 Elizabeth House, Banstead
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