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Fairbairn Close, Purley

South East

£150,000
Listed on 22/02/2026

Property Details

Bedrooms
N/A
Type
Flat

Description

This ground floor studio flat offers an excellent opportunity for renovation within a quiet cul-de-sac. Conveniently situated near Purley Town Centre, residents can enjoy easy access to various shops and transport links, including frequent trains to London from Purley main line station. The property features a spacious studio room with a built-in wardrobe, a separate fitted kitchen, and a bathroom. While the studio benefits from secondary double glazing and storage heaters, it requires updating and fresh finishes to unlock its full potential. The communal gardens provide a pleasant outdoor space, and an allocated parking space adds further appeal. With an extensive lease of 150 years remaining and reasonable service charges, this property is well-positioned for investment or personalisation.

Investment Analysis

(CR8 area)
Area Average
£467/sq ft
Avg Rent (weekly)
£454
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£8,000 - £12,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by -5.3% over the last 12 months
3 year growth: +4.0%
5 year growth: -1.6%
Investment Disclaimer: Analysis based on CR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Fairbairn Close, Purley
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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