3-bedroom detached house · CR3 6RN
Sold STCListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** BIDS CLOSED NOW UNDER OFFER *** An exciting opportunity to acquire an unmodernised, detached three-bedroom former school house with excellent scope, set within a generous mature garden plot measuring 0.22 acres.
A detached 1960s build former School House, positioned on a generous plot, with internal accommodation measuring approximately 977 sq ft / 90.8 sq m (excluding a garden shed) and offering well proportioned living accommodation.
The ground floor comprises an entrance hall, living room, dining room, kitchen, cloakroom and useful storage, with access from the rear of the property onto a decked area and the garden beyond.
The first floor is currently arranged with three bedrooms and a family bathroom.
The accommodation now requires comprehensive updating and improvement throughout, making it ideally suited to buyers looking to create a home to their own taste.
The existing layout, detached nature of the property and generous plot provide considerable scope for refurbishment, reconfiguration or extension, subject to obtaining the necessary consents.
Externally, the property is approached via a gated entrance with off-street parking and sits within a substantial mature garden plot, with established trees, hedging, lawned areas and a decked seating area adjoining the rear of the house.
The garden measures approximately 104' x 89' and is a particular feature of the property, offering privacy, greenery and excellent potential for landscaping or further enhancement.
Properties of this nature are seldom available, and the former School House combines potential and a generous plot size, in a convenient Caterham location just 0.7 miles from Caterham Station.
Caterham is a sought-after Surrey location, combining excellent local amenities with easy access to open countryside.
The town offers a range of shops, cafés, restaurants and leisure facilities, together with regular rail links towards London (fastest journey time 47 mins to London Bridge) and convenient access to the M25.
Surrounded by the North Downs and close to the Surrey Hills, Caterham is ideal for buyers seeking a well-connected yet green and characterful place to live.
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
Agent & docs
FAQ
About Markfield Road, Caterham, CR3
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