1-bedroom flat · CR5 3NA
Sold STCListed 174 days
Opportunity summary
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About
Set within a beautifully designed gated development of just ten luxury apartments in the heart of Chipstead, this exceptional first-floor one-bedroom apartment offers contemporary, energy-efficient living surrounded by the rolling hills of Surrey's North Downs.
The development is arranged over two floors with lift access to all levels and has been thoughtfully designed to provide a private and secure environment finished to a high standard throughout, with each apartment benefiting from a private balcony, allocated parking and access to a communal residents' terrace.
The apartment itself is centred around an impressive open-plan lounge, kitchen and dining area, creating a bright and inviting space ideal for both everyday living and entertaining, with French doors opening directly onto a private balcony terrace allowing natural light to flood the room.
The striking fitted kitchen features a refined combination of Matte Taupe cabinetry with satin black handles alongside handle-less Natural Oak units, all finished with a premium Verona Stone worktop, and is fully equipped with high-quality integrated AEG appliances including a single oven, four-ring induction hob with stainless steel extractor hood, fridge/freezer and dishwasher, while a discreet hallway cupboard provides plumbing and space for a washer/dryer.
The generously proportioned bedroom is fully carpeted for comfort, and the stylish bathroom is beautifully appointed with white Duravit sanitaryware and ceramic tiled flooring, offering a sleek and modern finish.
Additional features include a secure video entry system, a dedicated external air source heat pump, high levels of insulation and top-rated appliances to ensure excellent energy efficiency, one allocated parking space within the secure gated car park with access to EV charging points, bicycle storage, a ten-year ICW build warranty and a 150-year lease with a peppercorn ground rent, providing long-term peace of mind.
Ideally located, Chipstead is a highly desirable and truly picturesque Surrey village situated between Coulsdon, Kingswood and Banstead, offering a strong sense of community and a wonderful lifestyle surrounded by open countryside, with a Tesco Express conveniently positioned below the development for everyday essentials and a short walk to the village parade of shops which includes a popular local wine bar, post office and independent butcher.
The area is well served by highly regarded local pubs and restaurants including The Ramblers Rest and The Midday Sun, both within walking distance, while the surrounding countryside provides ample opportunity for scenic walks and outdoor pursuits.
Chipstead is also home to a rugby, football and bowls club, a popular local theatre and community hall, and is well regarded for schooling with Outstanding Chipstead Valley Primary School alongside Woodmansterne and Woodcote primary and secondary schools nearby.
For commuters, the village is ideally positioned between two mainline train stations with services approximately every 30 minutes to London Bridge, East Croydon and Tattenham Corner, making this an exceptional opportunity to acquire a high-quality new home combining modern luxury, village charm and excellent connectivity.
*Please note images are virtually staged for illustrative purposes only and finishes and layouts may vary.
Room sizes: Entrance Hall Lounge/Kitchen : (L-shaped) 15'0 x 9'10 (4.58m x 3.00m) plus 13'0 x 21'0 (3.97m x 6.41m) Bedroom 1 : 11'0 x 11'0 (3.36m x 3.36m) Bathroom Balcony Allocated Parking Space Communal Terrace The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details. Appliances & services are untested, dimensions are approximate and floor plans are not to scale.
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Value & comps
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Returns
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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.
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FAQ
About Prospect House, Outwood Lane, Chipstead, Surrey
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