3-bedroom flat · CR8 3BW
For saleReduced £10k (−2.1%) on 20 AugListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Frost Estate Agents are delighted to offer to the market "The Penthouse" at Oakridge Mansions which was constructed in 2020 – 2021, occupying the entire top floor of this wonderful building in West Purley.
With three Bedrooms & two bathrooms, allocated parking, and a terrace with views over the communal landscaped grounds, this property is ideal for those looking for a special apartment in a great location.
The traditional façade leads to a contemporary interior with superb outside spaces and communal areas. The spacious accommodation of some 1200 sq/ft is beautifully presented and very much 'as new'.
In brief it comprises of; entrance hallway with a useful store cupboard, a superb open plan living / dining area, kitchen with a covered terrace and excellent views, the kitchen is a modern contemporary handle-less gloss kitchen with a range of branded appliances built in (oven, hob, fridge freezer, and dishwasher), stone worktops and under mounted lighting, there are three generous bedrooms, complemented by a stylish family bathroom and additional en-suite to the master bedroom.
Outside there is an allocated parking space for one car, a personal use bike store and communal gardens to enjoy.
Additionally there is A rated double glazing, gas central heating, modern floor coverings and a long lease of approximately 144 years.
This is a superb property that requires your immediate attention and is also available to purchase chain free. Purley is surrounded by Green areas and is close to the famous Mayfield Lavender Fields.
Surrey Hills, a beautiful Area of Outstanding Natural Beauty is also easily accessible. Purley train station, with direct services to London Bridge, Victoria and Clapham Junction.
Central London can be reached in less than 25 minutes and Clapham Junction in 14 minutes. If you are travelling by car Oakridge Mansions are ideally situated.
Purley Cross provides routes leading to the M23/M25 (12mins) as well as routes through to Redhill and Brighton (A23), Epsom and Kingston (A2022), East Grinstead and Eastbourne (A22) and Croydon/Central London (A23/A235).
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 9 Oakridge Mansions, 158 Foxley Lane, Purley
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