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See how verdicts work2-bedroom flat · SM6 0BL
For saleReduced £30k (−8.6%) on 24 AugListed 705 days
Opportunity summary
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About
A larger than average and beautifully presented two bedroom third floor apartment boasting two balconies and an extra storage cupboard within this sought after Retirement Living Plus development close to Wallington High Street and all local amenities.
Summary Elles House was purpose built for retirement living designed and built by McCarthy & Stone. The development consists of one and two-bedroom retirement apartments for the over 70s.
There is an Estate Manager on site and a 24-hour emergency call system provided via a personal pendant alarm and with call points in the entrance hall and bathroom.
This larger than average apartment features a modern fully fitted kitchen, spacious living room, two double bedrooms, two balconies, separate shower room, guest WC/cloakroom and two spacious storage cupboards.
The development includes a communal lounge, table service restaurant serving freshly prepared meals daily, hairdressing salon, fully equipped laundry room, mobility scooter store room with charging points and landscaped gardens.
There is a guest suite for visitors who wish to stay (additional charges apply). A car parking permit scheme applies, check with the Estate Manager for availability.
Elles House is located one street back from Wallington High Street with an abundance of bus routes providing links to Sutton, Banstead Village, Carshalton, Croydon and beyond.
The main line railway station is located at the bottom of the High Street. Local shops include two Sainsbury's, post office, chemist, bakers, butchers, boutiques, restaurants and bars.
It is a condition of purchase that all residents must meet the minimum age requirements of 70 years.
Entrance Hall Front door with spy hole leads to the large entrance hall - the 24-hour emergency response system is situated in the hall.
From the hallway there is a door to a large walk-in storage cupboard/airing cupboard there is also a further spacious cupboard (9' x 6') for extra storage space.
Illuminated light switches, smoke detector, apartment security door entry system with intercom. Doors lead to the bedrooms, living room, shower room and WC/cloakroom.
Living Room With Balcony A spacious living room benefitting from a glazed patio door with windows to side opening to a decked balcony with glazed balustrades.
Feature fireplace, TV and telephone points, Sky/Sky+ connection point. Two ceiling lights. Fitted carpets, raised electric power sockets. Partially glazed double doors lead onto a separate kitchen.
Kitchen Fully fitted kitchen with tiled floor. Stainless steel sink with lever tap beneath an electronically operated window.
Built-in waist height electric oven, ceramic hob and stainless steel extractor hood, tiled splash backs. Fitted integrated fridge/freezer and under pelmet lighting.
Bedroom One With Balcony A large double bedroom also with a glazed patio door with windows to side opening to a decked balcony with glazed balustrades.
A walk-in wardrobe housing shelving and hanging rails. Ceiling lights, raised power points, TV and phone point. Bedroom Two A second double bedroom of excellent proportions.
Raised power points and ceiling lights. Shower Room Fully tiled and fitted with suite comprising of a level access walk in thermostatically controlled shower.
Low level WC, vanity unit with wash basin and mirror above. Chrome ladder style electric heater and emergency pull cord.
Guest Wc/Cloakroom Tiled and fitted with suite comprising low level WC, pedestal wash hand basin and mirror above.
Service Charge (Breakdown) • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance • Domestic Assistance (to help you with jobs like dusting, vacuuming or changing the bed (60 minutes per week is included in your service charge).
The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your Estate Manager and 24 hour staffing plus the kitchen and restaurant staff.
Find out more about service charges please contact your Property Consultant or Estate Manager. Service charge: £15,098.72 per annum (for financial year ending 30/09/2026).
Leasehold Lease 125 Years from June 2014 Ground Rent £510 per annum Ground rent review date: June 2029 Car Parking Parking is by allocated space subject to availability.
The fee is usually £250 per annum, but may vary by development. Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Additional Information & Services • Superfast Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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 46 Elles House, Shotfield, Wallington
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