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See how verdicts work1-bedroom flat · SE25 4TZ
For saleReduced £3k (−2.6%) on 21 JunListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Aged 55 years and over. The flat benefits from a contemporary refitted kitchen and a stylish, fully tiled bathroom finished to a high standard.
General facilities include a lift, residents lounge and a laundry room besides an entry phone system; each individual flat benefits from it's own personal alarm system for added peace of mind.
One of the outstanding features is the property has an exceptionally long lease being in excess of 900 years – a rare advantage in retirement living. Offered with no onward chain and we hold keys.
The development is placed for the amenities of South Norwood High Street, with it's eclectic mix of shops and cafés and in terms of transport, there are local bus routes, the tram link at Harrington Road and Norwood Junction br/Overground Station with its frequent services to London.
Early viewing is strongly advised.
Tenure: Leasehold Lease term: 990 years from 24th June 1987 Service charge 2025/26: £261.20 per month EPC Rating: C - Croydon Council Tax Band: B | Communal parking first come, first serve Ground Rent: £50 for each year for the first 33 years of the term & annual rent of £150 for the 2nd 33 years of the term and thereafter an annual rent of £300 for each year of the term (however the vendor is still currently paying £50 per year ground rent).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Flat 18, Catalina Court 61-63, Sunny Bank, London
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