2-bedroom house · CR8 2AX
For saleReduced £10.1k (−6.7%) on 10 OctListed 307 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious ground floor retirement flat with A minimum age restriction for all occupants of 55.
This delightful re-furbished ground floor retirement flat situated in the centre of Purley close to local bus services and station with services to London and comprises a modern fitted kitchen with appliances, a double aspect lounge, 2 double bedrooms with fitted wardrobes and a re-fitted luxury shower room with double shower cubicle .
The property is double glazed throughout and has electric night storage heating and the benefit of a communal areas including a tranquil garden with double glazed conservatory, launderette and visitor lounge.
This flat was originally allocated to the then resident warden, who has been more recently replaced by a weekday house manager.
Purley town centre offers varied shopping facilities including a Tesco Superstore, a health club, bus services and main line station with services Between Brighton and Gatwick to London Bridge and Victoria.
Temporary visitor parking is available but there is no resident parking and pets are not allowed. Available for immediate occupation with no onward chain.
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 2 Azalea Court, Whytecliffe Road South, Purley
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