1-bedroom flat · CR5 3NA
Sold STCListed 32 days
Opportunity summary
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About
Positioned on the first floor of an exclusive gated development of just ten bespoke apartments, this elegant 631 square foot residence offers a superior standard of modern living within the highly sought-after village of Chipstead.
Designed with both discretion and style in mind, the development spans two floors with lift access throughout and presents a calm, private environment finished to an exceptional specification, where residents benefit from private balconies, allocated parking and access to a beautifully considered communal terrace.
The apartment itself is impeccably arranged around a spacious open-plan living, kitchen and dining area that exudes understated luxury, with French doors opening onto a private balcony to enhance the sense of light and space and create an ideal setting for relaxed entertaining.
The kitchen has been expertly crafted with a sophisticated blend of Matte Taupe cabinetry with satin black detailing alongside handle-less Natural Oak units, all complemented by a premium Verona Stone worktop and a full suite of seamlessly integrated AEG appliances including a single oven, four-ring induction hob with stainless steel extractor hood, fridge/freezer and dishwasher, while a discreet hallway cupboard conceals plumbing and space for a washer/dryer to preserve the clean aesthetic of the home.
The accommodation is completed by a beautifully appointed bathroom finished with refined Duravit sanitaryware and ceramic tiled flooring, delivering a timeless and elegant finish.
Further features include a secure video entry system, a dedicated external air source heat pump, high levels of insulation and top-rated appliances to support excellent energy efficiency, allocated parking within the secure gated car park with access to EV charging facilities, bicycle storage, a ten-year icw build warranty and a 150-year lease with a peppercorn ground rent, ensuring peace of mind for years to come.
Perfectly positioned, Chipstead is a quintessential Surrey village nestled between Coulsdon, Kingswood and Banstead, surrounded by the rolling countryside of the North Downs and renowned for its relaxed yet refined lifestyle, offering the convenience of a Tesco Express located directly below the development along with a short walk to the village parade of shops featuring a popular wine bar, post office and independent butcher, while highly regarded pubs such as The Ramblers Rest and The Midday Sun are also within easy reach.
With access to excellent local amenities including sports clubs, a theatre and community hall, outstanding schooling options and two nearby mainline stations providing regular services to London Bridge, East Croydon and Tattenham Corner, this exceptional apartment presents a rare opportunity to acquire a high-quality new home in one of Surrey’s most desirable village locations.
*Please note images are virtually staged for illustrative purposes only and finishes and layouts may vary.
Room sizes: First floor Entrance Lounge/Kitchen Area 21' x 16' (6.41m x 4.88m) Bedroom 1 11' x 11' (3.36m x 3.36m) Bathroom Balcony Outside Allocated Parking The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale. We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. Years remaining on lease: 150
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Prospect House, Outwood Lane, Chipstead
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