We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom detached house · RH6 9DB
Sold STCListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Chain - Sold as Seen - Two Bedrooms - Private Road - Large Plot - Driveway & Garage - Full Refurbishment Required Set within a well regarded private road in Horley, this two bedroom detached bungalow offers a rare opportunity to acquire a property requiring full renovation on a generous plot.
The current accommodation comprises a large living room overlooking the front, a spacious kitchen breakfast room to the rear, two double bedrooms, a bathroom, separate WC, hallway with storage and a rear conservatory.
Heating is not operational, water ingress is evident in the kitchen and the conservatory is in very poor condition.
Presenting a rare opportunity, this fabulous home is ready for its new family to modernise and refurbish throughout.
Externally, the plot provides driveway parking to the front, a garage and established gardens offering scope for reconfiguration or extension, subject to the usual planning consents.
This will appeal to buyers seeking a substantial project in a sought after residential location. Why View? Opportunities of this scale are increasingly uncommon.
Set on a good plot within a private road, this is a chance to create a bespoke home and add significant value, subject to planning and consents.
Location & Lifestyle Castle Drive is a well regarded private road in Horley, offering a quiet residential environment within easy reach of everyday amenities.
Horley town centre provides a range of shops, cafés and services, with further retail and leisure facilities available in Redhill and Reigate.
The area also benefits from nearby parks and green open space.
Transport Rail: Horley Station approximately 1 mile offers regular services to London Victoria and London Bridge, as well as direct access to Gatwick Airport.
Bus: Local services including routes 100, 20 and 420 serve Horley and provide links to Redhill, Crawley and surrounding areas.
Road: The A23 and M23 are easily accessible, providing connections to Gatwick Airport, the M25 and the wider motorway network.
Schools School catchment areas vary annually and should be checked with the local council and the schools directly. Primary: Meath Green Primary School, Langshott Primary School, Yattendon School.
Secondary: Oakwood School, The Warwick School, St Bede’s School. Independent: Copthorne Preparatory School, Reigate Grammar School.
Key Property Information Viewers should be aware that the property’s gas, electrics, roof and general fixtures and fittings are dated and will require updating.
The water supply is currently switched off due to a leak into the kitchen ceiling and the boiler is not operational. Asbestos may be present.
The property has been marketed and priced to reflect its overall condition and is being sold as seen.
The seller will not be entering into negotiations to carry out works or contribute towards testing, maintenance, repairs, certificates or upgrades post survey.
Buyers are advised to rely on their own inspections, surveys and professional advice.
Tenure: Freehold Council Tax Band: D, currently £2,504.00 per annum (Reigate & Banstead Borough Council) EPC Rating: E Construction: Brick and block Roof: Clay tiles Heating: Gas central heating (assume replacement required at buyers expense as boiler non-operational) Parking: Garage and driveway Garden Orientation: North Westerly Water Supply: Direct mains water (currently switched off due to leak) Sewerage: Standard UK domestic Broadband: Not installed Mobile Signal: Good Loft: Light only, no ladder, not boarded or insulated Known issues: Damp in places, to be addressed by the buyer after completion.
Full refurbishment required. Disclaimer: These property details are prepared in good faith from information supplied by the seller and are believed to be correct.
However, they are provided for guidance only and do not form part of any contract. Neither the agent nor the seller accepts responsibility for any errors, omissions or misstatements.
Buyers must satisfy themselves by inspection, survey, and independent legal advice before proceeding with a purchase.
Anti Money Laundering Notice: In accordance with Anti Money Laundering Regulations, we are required to verify the identity of all sellers and purchasers, and to confirm the source of funds.
Please note that we may request original identification documents and supporting information at an early stage of the transaction. This applies to all purchasers and any parties named on the purchase.
The cost of AML checks is £36 per person. About Us: Here to deliver a personal service that surpasses others, our family business is built on a solid foundation of outstanding customer service.
We exist to make the moving process stress free and smooth for all parties involved.
A vast majority of our business comes via referrals and recommendations from happy sellers, buyers, tenants and landlords and as such we are confident that you will love our service as much as others before you have.
We love what we do, and it shows. Your property is safe with us, we are a member of The Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme.
Our landlord and tenant fees can be found on sachascott.com.
EPC Rating: E Living Room 4.23m x 4.81m Kitchen / Breakfast Room 3.01m x 4.28m Primary Bedroom 3.19m x 4.66m Bedroom 2 2.81m x 3.64m Bathroom 1.61m x 2.84m WC 1.61m x 2.84m Sunroom 3.46m x 2.21m Rear Garden This garden measures approximately 110ft x 40ft north westerly facing mainly laid to lawn with paved area.
Parking - Garage The property comes with a garage for x1 vehicle and driveway parking space for 3-4 vehicles depending on size.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Castle Drive, Horley, RH6
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