2-bedroom flat · CR8 1HR
Sold STCReduced £25k (−7.7%) on 21 JunListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning first floor apartment in modern block built in 2014. Allocated parking space and communal gardens.
Presented in excellent condition and located opposite Riddlesdown station - ideal if you commute or enjoy socialising up town'. Open plan kitchen/living room with plenty of room for a dining table.
The main bedroom has an en-suite shower room and built in wardrobes. Bedroom 2 is also a double, again with fitted wardrobes.
Short walk to green areas, including Riddlesdown Common and local to 'Outstanding' school, Riddlesdown Collegiate. The seller will pay service charges until September 2026.
Room sizes: Entrance Hall Kitchen/Living Room 20'4 x 12'3 (6.20m x 3.74m) Bedroom 1 11'6 x 11'5 (3.51m x 3.48m) En-Suite Shower Room Bedroom 2 11'5 x 9'5 (3.48m x 2.87m) Bathroom Allocated Parking Space Communal Garden The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale.
Through a Homewise Home For Life Plan people aged 60+ can secure this property for up to 59% less, by purchasing a Lifetime Lease.
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Council Tax band: C Tenure: Leasehold Annual ground rent: £ 250 Annual service charge: £ 2900 Years remaining on lease: 112
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Lower Barn Road, Purley
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