2-bedroom flat · CR3 5QF
For saleListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accessed from your own front door at street level, this property offers a well presented and deceptively spacious two-bedroom split-level apartment, offering approximately 944 sq/ft of well-appointed accommodation arranged over the first and second floors.
The property has been tastefully maintained throughout and features a bright and generous reception/dining room with two front aspect windows, providing an excellent space for both relaxing and entertaining.
The modern fitted kitchen offers a range of wall and base units with ample worktop space, while the family bathroom is finished with a white suite.
The two well-proportioned bedrooms include an impressive principal bedroom occupying the top floor, benefiting from useful under-eaves storage and elevated views across the surrounding area, a second double bedroom is located on the first floor - making the layout ideal for families, professional couples, or those requiring a home office.
A new lease will also be extended to 186 years as part of the sale (99 years on the current remaining 87 years).
Further benefits include gas central heating, double glazing, neutral décor throughout, and a wealth of natural light.
The property is conveniently situated on Banstead Road, close to local shops, amenities, schools, and transport links, providing easy access to Caterham town centre and surrounding areas.
The commuter has a choice of railway stations at Caterham Valley and nearby Whyteleafe with services into Croydon and Central London. The M25 motorway can be accessed at Godstone junction 6.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 194,, Banstead Road, Caterham
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