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See how verdicts work1-bedroom house · CR3 6TD
For saleReduced £10k (−10%) on 8 OctListed 734 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor one double bedroom retirement flat ideally located in Caterham Valley within a level quarter of a mile from the Town Centre and Railway Station.
The flat is immaculately presented throughout with a good size Living Room and a separate modern fitted Kitchen.
The Double Bedroom has a built-in wardrobe with a modern Shower Room adjacent with a superb double size walk-in Shower. Pegasus Court has excellent Communal Facilities and a House Manager.
No onward chain! Ancillary Services As part of our services, we may offer ancillary services to assist with your transaction.
With your consent we will refer your details to a select group of providers.
There is no obligation to provide your consent, or to uptake any of these services, but where you do, you should be aware of the following referral fee information: Taylor Rose Solicitors – £200 Amity Law - £200 London & Country Mortgage Brokers – 25% of Commission map Surveyors – £50 Directions From the roundabout in Caterham Valley proceed along Station Road to the mini roundabout, proceed straight ahead and then immediately right into Stafford Road, Pegasus Court is on the right hand side, the Residents Parking is just past the block with security barrier.
Location Pegasus Court is in a great location for the Town Centre which is a level walk within a quarter of a mile of the property.
The Town Centre has a great selection of local shops, a Waitrose and Morrisons Supermarket, Restaurants and Coffee Shops.
Caterham Railway Station is an end of line and has a regular service into Croydon and London and local Buses travelling north and south as well as Caterham on the Hill.
Pegasus Court The Development has a Lodge Manager for 5 days each week.
The facilities include: A communal lounge & kitchen & laundry room guest suite for visitors communal gardens & patio 24 hour careline Please note that there is a walk-in lockable Storage Cupboard on the Lower Ground Floor belonging to the flat.
To qualify to reside at Pegasus Court, a resident must be over 60 years old and any second resident over 55 years old.
Communal Entrance Hallway Carpeted Communal Hallway with a Lift Service to all floors. Secure fob entry with a security entry-phone.
Entrance Hallway Coved ceiling with access to a great size walk-in Airing Cupboard with ample storage as well as a hot water tank, two fuse boxes (economy-7), electric meter.
Wall mounted electric heater and security entry phone.
Living Room (21' 8'' x 11' 3'' (6.60m x 3.44m)) Double glazed windows to the rear with double glazed french style doors opening to a 'Juliet Balcony'.
Coved ceiling, TV point and two electric storage heaters. There are two ceiling light points and two wall light points, glazed door to the Kitchen.
Kitchen (7' 8'' x 6' 5'' (2.33m x 1.96m)) Double glazed window to the rear.
Modern fitted Kitchen with a range of wall and base units with complementary worktops, single bowl stainless steel sink unit with a mixer tap and cupboard under.
Built in indesit electric double oven and grill with an indesit Microwave above, four ring electric hob with an extractor fan, built in fridge/freezer.
Coved ceiling and tiled surrounds, kick-board electric fan heater.
Double Bedroom (14' 1'' x 8' 11'' (4.28m x 2.73m)) Double glazed window to the rear, coved ceiling, TV point and telephone point, built in double wardrobe, electric storage heater.
Shower Room (7' 2'' x 6' 5'' (2.18m x 1.96m)) Fully enclosed modern Shower Room with a large walk-in Shower with a glass screen and a thermostatic controlled shower fitment, vanity wash hand basin and a low flush WC.
Wall mounted electric fan heater and wall mounted heated towel rail, extractor fan.
Outside Residents Parking Accessed via a security barrier, non- allocated and a short walk from the entrance to the Communal Hallway.
Residents Garden A path with herbaceous borders leading to a covered Pergola seating area.
Leasehold Information Lease term: 125 Years from 1/7/2001 maintenance: £3500.00 (inc Building Insurance & Water Bills) ground rent: £300.00 pa Council Tax The current Council Tax Band is 'D', via Tandridge Council.
Their website address to fully confirm the Council Tax Band and amount payable is: 23/7/2024
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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FAQ
About 12 Pegasus Court, Stafford Road, Caterham
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