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Andrews House, Brighton Road, Purley, CR8 - Image 8

Andrews House, Brighton Road, Purley, CR8

South East

£250,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Flat
Area
614 sqft

Description

This ground floor flat offers a solid foundation for renovation in a sought-after area near Reedham train station. The property features two spacious double bedrooms alongside a separate kitchen and a tiled bathroom, making it a practical investment opportunity. With an internal area of approximately 615 sq feet (57.1 sq m), the flat benefits from allocated underground parking and gas central heating, which adds to its appeal. Currently, the property is let on a rolling contract, providing immediate rental income while you plan your refurbishment. Given that it requires modernisation, this flat is attractively priced below market value for a quick sale. It presents an excellent chance to add value through updates and improvements, and the long lease of 99 years remaining enhances its investment potential. The service charge is £2,556 per year with no ground rent due to the share of freehold.

Investment Analysis

(CR8 area)

Below Market Value

This property is priced -12.8% below area average per sq ft

-12.8%
Potential saving
This Property
£407/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£475
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£315,513
10% above area average per sq ft
Potential ROI
+14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CR8)

Area prices are stable by -0.7% over the last 12 months
3 year growth: +9.1%
5 year growth: +2.8%
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

Andrews House, Brighton Road, Purley, CR8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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