3-bedroom house · CR3 6LD
Listing removedListed 196 days
Opportunity summary
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About
This imposing semidetached family home has spacious accommodation of over 1800 Sq.' arranged over four floors including a basement.
The property is in need of some updating and improvement but offers a unique opportunity to create family home in the heart of the town.
Currently the accommodation comprises a stain glass front door to the entrance hall which leads through to the dining room.
The dining room is open plan to the front aspect lounge with a bay window and fireplace.
From the dining room there is a study/breakfast room which adjoins the kitchen and it may be possible to create a more open plan feel if required. There is also a ground floor shower room.
The kitchen is fitted with a range of base and wall units with work surfaces over and integrated appliances. A window overlooks the rear and there is a door to the garden.
From the dining room, stairs lead down to the two basement rooms which are currently used as storage and could be utilised as further living space and has a door to the outside.
On the first floor there are two double bedrooms, one overlooking the park to the front. There is a family bathroom with a white suite. From the landing stairs lead to a further double aspect bedroom.
Outside there is a small area of garden to the front with parking and gated side access to the rear gardens which comprise a patio area and artificial grass.
The property is set in a central location just a few minutes’ walk from Caterham train station and town centre and enjoys an open outlook to the front over the park and play ground.
Caterham offers a range of shops and supermarkets including a Waitrose, Morrisons and a new Lidl as well as public houses, restaurants and coffee shops.
There is an excellent selection of both state and private schools in the local area for children of all ages including the nearby, popular St. Johns School and Caterham School.
Caterham station provides direct trains to London 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
Agent & docs
FAQ
About Meadowbank, 8, Timber Hill Road, Surrey
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