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See how verdicts work4-bedroom detached house · CR8 4JE
Sold STCReduced £20k (−2.5%) on 18 SepListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Frost Estate Agents presents this opportunity to acquire a substantial detached family home in a sought-after Purley setting, an impressive property providing approximately 2,334 sq/ft of accommodation, together with a detached garage of approximately 339 sq/ft, and now requires complete modernisation and refurbishment throughout.
With its generous proportions and sizeable garden, the house offers considerable scope for a purchaser looking to create a home to their own specification.
The ground floor is approached via a spacious entrance hall and provides two particularly generous reception areas.
To the front is a well-proportioned reception room with an attractive bay window, while to the rear a substantial reception/dining room extends to approximately 24'8 at its maximum and enjoys views and access towards the garden.
A separate kitchen breakfast room is also positioned to the rear and, subject to the necessary consents, there is clear potential to reconsider the existing layout or extend significantly.
The first floor offers four bedrooms, including an impressive principal bedroom measuring approximately 17'1 x 16'1 at its maximum.
Two further bedrooms are comfortable doubles, with the fourth providing an ideal child's bedroom, study or dressing room.
The existing bathroom and shower facilities are also located on this floor and would form part of the overall programme of modernisation.
A staircase continues to the second floor where there is a particularly useful and substantial office measuring approximately 22'4 x 16'5, providing excellent flexibility for those working from home, as a hobbies room or potentially for alternative use.
Externally, the property is complemented by a large and mature rear garden, with tremendous potential for landscaping.
To the front there is off-street parking, while the substantial detached garage provides excellent additional parking, workshop or storage space.
The house is undoubtedly a project and requires comprehensive updating throughout, but its scale, character and generous plot provide an exciting opportunity for those looking to undertake a complete refurbishment and create a substantial family home tailored to their own tastes and requirements.
Purley and its surrounding area is known for many excellent state and private schools, which include locally the John Fisher School, a high-performing catholic all boys state school, Laleham Lea Primary School, a co-educational prep-school, Oakwood School, a co-educational catholic primary and Riddlesdown Collegiate, others include Wallington Girls, Whitgift, Wilsons, Woodcote and Christchurch to name just a few.
The town is on the main London-to-Brighton railway line and is served by Purley and Purley Oaks stations as well as Reedham station on the Tattenham corner line.
You can reach London Bridge within 25 mins or London Victoria in approximately 23 mins and Farringdon in approximately 30 mins.
The A23 road heads right into the capital, the M25 and M23 are less than six miles away and there’s easy access to Gatwick and Heathrow airports.
Outside recreational facilities are also close by, such as Kenley Common & Airfield, Riddlesdown & Farthing Downs.
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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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 62, Downlands Road, PURLEY
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