1-bedroom flat · CR3 5LW
Listing removedListed 538 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one bedroom purpose built flat would make a great first time buy or a buy to let investment. The property is situated in a residential road at Caterham on the hill.
The property is approached through a communal front door with stairs to the first floor.
The front door leads to the entrance hall with two useful storage cupboards and doors the kitchen, bedroom and bathroom.
The kitchen is fitted with a range of base and wall units with integrated oven and hob as well as space for further appliances.
The lounge is off of the kitchen and faces the front with wood laminate floor. The spacious double bedroom is to the rear with a range of built in wardrobes and looks over the gardens.
The family bathroom is fitted with a modern white suite comprising panel enclosed bath, low level WC and wash hand basin with tiled walls and a window.
Outside, there is a communal gardens to the rear which is mainly lawn. The current owners have a greenhouse as well as children play area and use the garden regularly.
Caterham on the Hill has a bustling high street with its coffee shops, cafes, and pubs.
There is a good selection of local shops including a supermarket as well a traditional butchers, bakers and post office.
Leisure and fitness facilities can be found on the village and at the De Stafford sports centre whilst the area is surrounded by miles of open countryside including Coulsdon Common and the nearby Kenley Aerodrome, a short walk away.
There is a selection of schools for children of all ages locally in the area.
More comprehensive facilities can be found in Caterham Valley, approximately a mile away and there are regular buses nearby to Caterham, Purley and beyond.
Trains to London are available from Coulsdon South, Upper Warlingham and Caterham. The M25 is approx 3 miles to the south.
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 143a, Addison Road, Surrey
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