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See how verdicts work1-bedroom house · CR8 2UU
Sold STCReduced £40k (−36.4%) on 26 OctListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*No Onward Chain* A spacious, 2nd floor one double bedroom retirement apartment forming part of Gresham Court in Purley.
Beautifully landscaped communal gardens as well as a lounge and a lift to all floors.
Conveniently located on Pampisford Road close to Purley, bus routes, Purley railway station and an excellent choice of good shops and restaurants as well as Tesco Superstore.
Lease 125 years from 1 November 2000. Service charge for 1 April 2025 - 31 March 2026 £864 monthly. EPC Rating B. Council Tax Band C. Gresham Court is a gated retirement development for 65's and over.
Secure entry phone system and a lift giving access to all floors.
This apartment has a large double bedroom with fitted wardrobe, a spacious lounge/diner and a separate fitted kitchen, large accessible bathroom and generous hallway with ample cupboard space for storage.
There is a duty manager 24/7 and emergency pull cords allowing independent living.
Lift access to all levels, comfortable communal lounge and library area overlooking the patio and gardens ideal for socialising with other residents and visitors, dining room with restaurant facilities offering lunch most days, hobbies room, landscaped gardens, buggy store and car parking.
There is also a secure door entry and emergency alarm call system.
Gresham Court is located along Pampisford Road close to bus routes to surrounding areas, Purley Train Station, a variety of restaurants, coffee bars and shops including a Tesco Superstore.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Gresham Court, 11 Pampisford Road, Purley
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