1-bedroom flat · CR3 6TD
For saleListed 412 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented and updated retirement apartment has recently been redecorated and recarpeted and is situated at the front of this purpose built block only a few hundred meters from the heart of the town.
The development is approached through security controlled entry system with stairs and lift to all floors. Positioned on the top floor the property enjoys an open outlook.
The front door leads to the entrance hall with a use walk-in storage cupboard and doors to the bedroom lounge and shower room.
The bright and airy lounge, kitchen and bedroom are located on the sunnier, South Western, side of the block.
The lounge has a Juliette Balcony and has recently been redecorated and carpeted and door leads through to the kitchen.
The kitchen has been refitted with a modern range of cupboard and drawer units including easy access shelving.
There is an integrated oven and hob as well as a fridge freezer and there is a window to the front. The double bedroom benefits from a built in wardrobe and faces the front.
The shower room is fitted with a walk in shower, low level WC and wash basin.
Within the development, there are a number of residents facilities including a house manager to oversee the day to day running of the block as well as a communal lounge, gardens and parking.
Pegasus Court is situated within a few hundred yards of the bustling town centre with its railway station and bus links to Croydon, London and beyond.
Caterham offers a range of shops including a Morrisons and a Waitrose and the Church Walk Shopping Arcade with its mixture of shops as well as a selection of restaurants, coffee shops and pubs etc.
There is a doctors in nearby Eothen Close and a library and museum across the road. Other facilities in the area include the Miller centre theatre, the Westway day centre and bowling at Queens park.
The area generally is surrounded by miles of open countryside on the North Downs and the M25 is accessible at J6 Godstone.
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
Agent & docs
FAQ
About Flat 40, Pegasus Court,, Stafford Road, Surrey
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