2-bedroom flat · CR3 6AZ
For saleReduced £10k (−10%) on 18 SepListed 431 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor retirement apartment benefits from a private balcony with direct access from the flat and is only one of two in the block.
Bourne Court is approached from the road or car park via security entry system with a lift serving all floors as wells stairs.
The front door leads to the entrance hall with two useful cupboards and doors to the Lounge, Bedrooms and bathroom.
The front aspect Lounge has space for a table and chairs as well as a lounge area and double doors lead through to the kitchen.
The kitchen has a window to the front and is fitted with a range of base and wall units with integrated oven and hob.
The bathroom is fitted with a bath, low level WC and wash hand basin and there is scope and space to upgrade and install shower instead if required There are two double bedrooms, both facing the front and one room has a door leading onto a private balcony which is large enough for a table and chairs and enjoys an outlook over the coming and goings of the local area.
The development offers a range of facilities for the residents including a Lounge on the lower floor with doors out into the pretty communal gardens, a laundry room, residents parking and a house manager who oversees the day to day running of the block.
There are also pull cords in all rooms that are linked to Careline. The property is offered with a lease of 93 years and no onward chain.
The property is situated a short walk away from the bustling town centre and comprehensive facilities of Caterham Valley.
Caterham offers a range of shops and supermarkets including a Waitrose, Morrisons and the nearby Lidl as well as public houses, restaurants and coffee shops.
Caterham station provides trains to both London Victoria and London Bridge via East Croydon and there are bus services to other local towns nearby.
There are a number of golf clubs, Caterham Rugby Club, bowls and cricket clubs locally and the De Stafford Sports and Leisure centre offers a further range of facilities.
The local area is surrounded by miles of open countryside including the Surrey Hills, an Area of Outstanding Natural Beauty and the North Downs Way.
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 20,, Bourne Court, Caterham
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