Studio flat
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*ground floor *studio flat *well presented *residents parking * south sutton *91 year lease *15'9 x 14'7 studio room *close to overton park A well-located studio apartment with excellent potential for first-time buyers and investors alike, with a potential rental income of £1050.00-£1100.00pcm Situated in the popular residential area of Sutton, this ground floor studio flat on Chipstead Close, SM2 6BF, offers a convenient base with access to local amenities, close to Sutton Mainline Station & Belmont with access back into London Victoria, London Bridge and local bus routes.
The accommodation comprises of a 15'9 x14'7studio room a 7'3 x 5'11 fitted kitchen and three-piece bathroom suite.
Key Features: * Ground Floor * Well Presented * Residents Parking (Non-Allocated) * Electric Heating * South Sutton * Access to local transport links The property benefits from a 91-year lease remaining, electric heating, residents parking (non-allocated) and access to Overton Park Referral Fees To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of a third party Called Move Butler who will contact you directly to do this. They will need the full name, date of birth and current address of all buyers.
There is a charge of £60 including VAT for this per person, payable direct to Burn and Warne. Please note, we are unable to issue a memorandum of sale until the checks are complete.
We may offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice.
If you choose to use a service recommended by Burn And Warne, we will receive various referral fees, which are all subject to the addition of VAT at the prevailing rate: For Conveyancing Services, we receive referral fees from various solicitors ranging from £240incl to £360 incl per case.
Burn And Warne also takes a commission directly from our recommended mortgage brokers Thameside Associates which varies according to the lender and mortgage size, but based on our average selling price this is normally around three hundred and fifty pounds per case.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Chipstead Close, Surrey
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