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See how verdicts work2-bedroom flat · CR3 6RE
For saleReduced £20k (−5.4%) on 9 AugListed 788 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first floor apartment is offered to the market with no onward chain as well as a share of freehold. The property features two bedrooms and open plan living accommodation.
From the communal, security controlled entrance, stairs lead to the first floor and a front door opens into the entrance hall.
There are two useful storage cupboards as well as doors to the bedrooms and living room.
The front aspect, open plan kitchen/living/dining room is divided into two areas, both with access to the balcony.
The kitchen area is fitted with a comprehensive range of base and wall cupboards with integrated appliances as well as space for a table and chairs.
The lounge area benefits from French doors opening onto the balcony.
To the rear are two double bedrooms The master bedroom benefits from a built in wardrobe as well as an en-suite shower room and a door to the balcony.
There is a second, smaller double bedroom again with access to the rear balcony. The family bathroom is fitted with a modern white suite with a bath, low level WC and washbasin.
Outside, the car park to the rear is gated with each apartment having allocated parking and there are well tended communal gardens to the front and rear.
The property is offered with the balance of 130 year lease and a share of Freehold 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 and Morrisons 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.
Caterham station is a short walk away and provides direct 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 White Knobs Park, 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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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
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FAQ
About 4, Corner House, 89, Godstone Road, Surrey
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