2-bedroom flat · CR8 2UU
For saleListed 131 days
Opportunity summary
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About
An extremely large two-bedroom penthouse apartment in excellent condition, located on the third floor of a central part of the complex.
The flat is served by two independent lifts and includes gas powered central heating. Large entrance hall with ample storage and access to all rooms. Spacious living room with three windows.
Fully fitted kitchen with all white goods.
The master bedroom has an en-suite bathroom with level access shower, wash basin and WC, and the second bedroom features a Jack and Jill bathroom with bath, wash basin and WC; both bedrooms include very large walk-in cupboards.
COUNCIL TAX BAND: E EPC RATING: C MONTHLY SERVICE CHARGE: £894.00 SERVICE CHARGE PERIOD: 1 April 2026 – 31 March 2027 12 MONTH GROUND RENT: None payable GROUND RENT DUE FOR REVIEW: N/A LENGTH OF LEASE: 125 Years from 01/11/2000 RESALE FEES: Less than 12 Months - 1% Transfer Fee and 0.5% Reserve Fund Contribution 12-24 Months - 2% Transfer Fee and 0.5% Reserve Fund Contribution 24 Months + - 2% Transfer Fee and 1% Reserve Fund Contribution LOCATION OVERVIEW: Type: Independent Living.
We are unable to provide personal or nursing care. Properties: Constructed by Bovis Homes Ltd. Completed 2000.
Comprising of: 30 x two bedroomed apartments 8 x one bedroomed apartments Services: Duty manager on site 24/7. Emergency callouts between 10pm – 7.30am. One and half hour’s service time per week.
Restaurant facility offering a delicious three course lunch every day. Handyperson.
Facilities: Lift access to all levels, Owners’ lounge, dining room, guest suite, hobbies room, landscaped gardens with patio area, Mobility Scooter store and car parking. Secure door entry.
Emergency alarm call system. Accessibility: Gresham Court is a gated complex. All areas are wheelchair accessible.
Situated in the centre of Purley and within walking distance of the mainline railway station and bus services, as well as local amenities including surgeries, dental practices, shops, restaurants, library and local hospital.
Lifestyle: Gresham Court has an attractive and comfortable lounge with a library area overlooking the patio and gardens.
There is a great social programme including coffee mornings, afternoon tea and cake, film club, keep fit classes, cheese and wine evenings, quiz nights, barbecues and special events.
The Hobbies Room affords a place for like-minded people to meet for a game of scrabble, Bridge or jigsaw making. New Owners are accepted over 65 years of age.
Pets are welcome (subject to terms of the lease). Tenure: Leasehold 125 years from 2000. Manager’s note: This is a well-established development with a good reputation locally.
We are excellently positioned for local facilities and promote friendly, professional, caring support for an independent lifestyle. Many Owners have lived in the area for a long time.
They are extremely friendly and sociable and make newcomers very welcome. Gresham Court 11 Pampisford Road Purley Surrey CR8 2UU
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
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FAQ
About 27 Gresham Court, 11 Pampisford Road, Purley, Surrey, CR8 2UU
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