2-bedroom flat · CR3 5PE
Sold STCListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Conveniently positioned for the facilities of Caterham on the Hill, this superb, top floor, apartment enjoys an open outlook overlooking Westway Common.
The property is located in a modern block with gated parking and security entrance system that leads to well cared for communal areas.
The front door leads to a spacious hall way with doors to all rooms as well as access to the useful loft space, great for extra storage.
At the heart of the property is the open plan kitchen/living/dining room which enjoys a Westerly outlook over the common from the balcony.
The kitchen area is fitted with a modern range of base and wall units with integrated appliances including and oven hob and a recently updated washing machine.
There is plenty of room for a lounge suite as well as dining table and chairs and the balcony offers a great to spot to sit and watch the world go by.
There are two double bedrooms, both measuring 14' with an open outlook to the front towards the common.
The bathroom is fitted with a white suite comprising bath with shower over, low level WC and wash hand basin with tiled floor.
Outside there is gated parking with two allocated spaces as well as a visitors bay. The property is offered with a lease of 114 years, services charges of £1598 and with a C rated EPC.
The property is set just off the bustling High Street at Caterham on the Hill which benefits from a nearby doctors, vets and hospital as well as a number of restaurants, takeaways and pubs within the local area.
There is a good selection of local shops including a Butcher, bakers and local supermarket.
There are leisure and fitness facilities on the village and at the De Stafford sports centre whilst Caterham on the Hill is surrounded by miles of open countryside including the nearby Westaway Common, Coulsdon Common that leads on to Happy Valley and Kenley aerodrome.
The Surrey National golf course is just over a mile away. There is a selection of schools for children of all ages locally in the area.
More comprehensive facilities can be found in Caterham Valley and there are regular buses nearby to Caterham, Purley and beyond.
Trains to London are accessed from Coulsdon South, Upper Warlingham and Caterham. The M25 is approx. 3 miles to the south.
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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 Chaldon Road, CATERHAM, Surrey, CR3
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