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See how verdicts workStudio flat · CR8 4EX
Sold STCListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bond & Sherwill are proud to market this rarely-available ground-floor studio apartment. The interior features a studio with high ceiling, kitchen area and a bathroom.
This apartment benefits from being just a short walk from Reedham Railway Station and being in close proximity of Purley Railway Station, which provides swift and easy access to London Victoria, London Bridge, Gatwick Airport and Brighton.
In addition, local buses serve destinations including Caterham, Banstead, Old Coulsdon, Redhill, Central Croydon, West Croydon and Streatham, while the N68 route provides nightly buses both into and from Central London and Waterloo Railway Station.
The M23/M25 interchange at Hooley can be used to access the national motorway network while local amenities, shops and restaurants can be found in Purley Town Centre.
We have been informed of the following by the vendor: Council Tax: Band B Lease Length: 112 years remaining Estimated service charge for the year to 31.12.2025 - £746.39 Service charge review period: Yearly Ground rent per annum: £200 Ground rent review period: 2037 Studio - The studio includes two electric heaters, three sash windows, entry phone system, cupboard, smoke alarm and coved ceiling.
Kitchen Area - The kitchen area includes wall & base level units with work surface area, partially-tiled walls, cupboard housing hot water cylinder, four-ring electric hob with extractor hood, oven, space for washing machine, sink with drainer & stainless-steel mixer tap, electric heater, smoke alarm and coved ceiling.
Bathroom - Tile enclosed bath with wall-fixed controls, wash-hand basin with stainless-steel mixer tap, low-level W.C with dual-flush, tiled floor and extractor fan.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About Brighton Road, Purley
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