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See how verdicts work1-bedroom flat · CR8 2BH
For saleListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Exclusively available for over 60's Apartment 20 at Carriages in Purley is a superb 1 bedroom apartment situated on the third floor.
This stylish home is spread across approximately 680 sq ft of open-plan living space and features a modern specification throughout.
Winner of the Best New Development in the Retirement Living sector, Carriages is a welcoming collection of one and two bedroom apartments exclusively for the over 60's located in the heart of Purley.
The simple pleasures of home were a central point of reference in the community's design.
The resulting apartments are light, spacious and welcoming, and some are equipped with private roof terraces or gardens.
Architects Woods Bagot have created a five-storey building with exposed brickwork and bronze features that reference the community's location just south of the old tracks of the Surrey Iron Railway; for many years its horse-drawn carriages transported goods from the North Downs to the Thames.
The landscapers also found inspiration in this railway heritage, creating borders of coarse stone beds and wildflowers.
Surrounded by parkland and golf courses, Purley is a green and affluent district.
With excellent transport links from East Croydon station, the M23 and A22, its easy to enjoy everything that London and the South East has to offer.
On Brighton Road, you'll find local conveniences such as a bank, Post Office, pharmacy and opticians, while there are many boutiques, restaurants and independent coffee shops across the town.
Two golf clubs, a literary society and an active debating society are just some of the local communities to get involved in, while the town's tree-lined parks lend themselves to leisurely strolls in all seasons.
Directions Brighton Road Transport Purley Station
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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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
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FAQ
About 20,, The Carriages, Purley
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