2-bedroom flat · CR8 3DE
To rentReduced £50 (−2.7%) on 16 SepListed 81 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Marriott Vernon are delighted to welcome to the market this beautifully presented two bedroom first floor apartment (676 Sq.Ft) in a sought after residential location.
Set within a modern development, features include a private allocated parking bay, private balcony, communal gardens with children’s play area, and resident’s bicycle store.
Wifi is also included in the rental free of charge.
Accommodation comprises entrance hall with inbuilt storage, leading into a light and spacious open plan reception/kitchen with double doors onto a private balcony, two well sized bedrooms and modern bathroom.
The property further benefits from gas central heating, double glazing and security entry phone.
The property is enviably located within easy reach of railway stations at Purley, Reedham and Coulsdon, as well as numerous regular bus routes providing connections to the surrounding area.
Purley and Coulsdon offer an array of shops, bars, cafes and restaurants, as well as supermarkets and amenities. The A23/M23/M25 are also close-by for excellent vehicular access.
(Please note some photos are example photos from other apartments in the development). Tenant Fees The advertised rent is exclusive of all utility bills.
Unless otherwise stated, the tenant will be responsible for the payment of all utilities and outgoings associated with the property, including (where applicable) gas, electricity, water, council tax, broadband, TV licence, and any other service charges or subscriptions.
Holding Deposit: £426.92 (equivalent to one week's rent). Security Deposit: £2,134.61 (equivalent to five weeks' rent). No other tenant fees apply.
Marriott Vernon is a member of Client Money Protect and The Property Redress Scheme.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 5, 37A, Smitham Bottom Lane, Purley
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