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See how verdicts work2-bedroom house · CR3 6TD
No longer listedReduced £10k (−8.3%) on 21 JunListed 951 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor two double bedroom retirement flat located within a quarter of a mile of Caterham Town Centre and Railway Station.
The property has a large Living Room and a separate Kitchen with built in appliances. The main Bedroom has a range of built in wardrobes and a Dressing Table unit.
There is a modern re-fitted Shower Room with a walk-in Shower Unit. There is a House Manager, Communal Lounge and Kitchen, secure Residents Parking and outside a patio area with covered Pergola.
Well maintained throughout, viewing recommended, no onward property chain! Ancillary Services As part of our services, we may offer ancillary services to assist with your transaction.
With your consent we will refer your details to a select group of providers.
There is no obligation to provide your consent, or to uptake any of these services, but where you do, you should be aware of the following referral fee information: Taylor Rose Solicitors – £240 Amity Law - £200 Kingsley Bond Solicitors - £200 London & Country Mortgage Brokers – 25% of Commission map Surveyors – £50 Directions From the roundabout in Caterham Valley proceed along Station Road to the mini roundabout, proceed straight ahead and then immediately right into Stafford Road, Pegasus Court is on the right hand side, the Residents Parking is just past the block with s security barrier.
Pegasus Court The Development has a Lodge Manager for 5 days each week.
The facilities include: A communal lounge & kitchen & laundry room guest suite for visitors communal gardens & patio 24 hour careline To qualify to reside at Pegasus Court, a resident must be over 60 years old and any second resident over 55 years old.
Location Pegasus Court is in a great location for the Town Centre which is a level walk within a quarter of a mile of the property.
The Town Centre has a great selection of local shops, a Waitrose and Morrisons Supermarket, Restaurants and Coffee Shops.
Caterham Railway Station is an end of line and has a regular service into Croydon and London and local Buses travelling north and south as well as Caterham on the Hill.
Communal Entrance Hallway Carpeted Communal Hallway with a Lift Service to all floors. Secure fob entry with a security entryphone.
Entrance Hallway (9' 2'' x 8' 5'' (2.80m x 2.57m)) L'shaped hall with a coved ceiling, built in Cloaks Cupboard housing the electric fuse box and electric meter and shelving.
Airing Cupboard with a hot water tank and shelving. Wall mounted electric heater Living Room (17' 5'' x 11' 3'' (5.31m x 3.43m)) Double glazed windows and door to a 'Juliet Balcony' to the rear.
Coved ceiling, two electric storage heaters, TV point, glass panelled door to: Kitchen (7' 8'' x 6' 5'' (2.34m x 1.96m)) Double glazed window to the rear, range of wall and base units with matching worktops, single bowl stainless steel sink unit with a mixer tap and cupboards under.
Built in electric oven and grill plus a four ring 'Induction' hob, built in fridge and freezer. Coved ceiling, tiled surrounds and vinyl flooring.
Bedroom One (13' 2'' x 9' 5'' (4.02m x 2.86m) Extending to 4.90 metres (16'1''into door recess.)) Double glazed window to the rear, range of built in wardrobes (three double and one single wardrobe) plus a Dressing Table unit, coved ceiling and storage heater.
Bedroom Two (9' 11'' plus door recess x 9' 4'' (3.02m plus door recess x 2.84m)) Double glazed window to the side. Coved ceiling and storage heater.
Shower Room (7' 1'' x 6' 5'' (2.17m x 1.95m)) Coved ceiling, modern white suite with fully tiled walls comprising of a walk-in Shower Cubicle with a mixer 'akw' electric shower fitment and a fitted wall mounted folding seat, vanity wash hand basin and a low flush WC.
Wall mounted vanity cabinet and warm air electric heater and towel rail.
Outside Residents Parking Accessed via a security barrier, non- allocated and a short walk from the entrance to the Communal Hallway.
Residents Garden A path with herbaceous borders leading to a covered seating area.
Leasehold Information Lease term: 125 Years from 1/7/2001 maintenance: £4750.42 (inc Building Insurance) ground rent: £349.00 pa Council Tax The current Council Tax Band is 'D', via Tandridge Council.
Their website address to fully confirm the Council Tax Band and amount payable is: 19/3/2024
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
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FAQ
About 8 Pegasus Court, Stafford Road, Caterham
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