2-bedroom flat
For saleListed today
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A exceptional opportunity for first-time buyers and professionals to secure a stylish, affordable home on the property ladder in a highly sought-after Surrey location.
Positioned on the second floor of the desirable Covell House development, this bright and well-presented two-bedroom apartment is offered as a 40% shared ownership share.
The property features well-planned living space, private balcony access, allocated parking, and a convenient location close to local shops, scenic parkland, and fast transport links into central London.
Stepping into the apartment, a welcoming entrance hall connects every principal room and offers built-in storage to maintain a clean, clutter-free environment.
The main living space consists of an open-plan kitchen, living, and dining room designed for contemporary lifestyles.
The kitchen area features a sleek, u-shaped layout with ample worktop space, integrated storage units, and direct access to essential appliances.
Towards the far end of the room, double doors open out onto a private balcony, allowing plenty of natural light to flood the room and providing a pleasant outdoor retreat.
The apartment offers two spacious double bedrooms positioned off the main hallway. Both rooms provide comfortable layout options for standard bedroom furniture and workspace setups if desired.
A modern, full-sized family bathroom serves the property, finished with sleek wall tiling, a panelled bath with shower attachment, low-level WC, and a wash hand basin.
Covell House occupies a prime position on Pelman Way within the popular Horton area of Epsom.
Directly on the doorstep, the local parade includes handy amenities such as a Tesco Express, local pharmacy, and fresh bakery.
The area is perfect for outdoor enthusiasts, situated moments away from Horton Country Park, Long Grove Park, and the David Lloyd Health Club.
Epsom Downs Racecourse, home to the iconic Derby, is also a short drive away.
Property Ownership Information Tenure Shared ownership Council Tax Band C Percentage Share Owned 40% Additional Monthly Rent £584.45 Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £3,598.92 Service Charge Review Period Every 1 year Lease End Date 09/06/2133 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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
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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 advisors 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.
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FAQ
About Pelman Way, Epsom
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