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Andrews House, Brighton Road, Purley, CR8 - Image 1
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Andrews House, Brighton Road, Purley, CR8 - Image 5
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Andrews House, Brighton Road, Purley, CR8 - Image 7
Andrews House, Brighton Road, Purley, CR8 - Image 8

Andrews House, Brighton Road, Purley, CR8

South East

£250,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Ground Flat
Area
614 sqft

Description

This ground floor flat in Andrews House presents a significant opportunity for renovation and investment. Boasting two double bedrooms and a separate kitchen, the layout is functional and offers a solid foundation for modern updates. The tiled bathroom adds a touch of practicality, while allocated underground parking enhances convenience. Located directly opposite Reedham train station and well-served by local bus routes, this property benefits from excellent transport links. Currently let on a rolling contract, it comes with the advantage of no chain and a long lease of 99 years remaining. With an internal area of approximately 615 sq feet (57.1 sq m), this space holds potential for value enhancement through refurbishment. The property is priced below market value to encourage a swift sale and is seeking all reasonable offers. Investors can capitalize on this opportunity, as market conditions indicate comparable properties in good repair are over £300k. The seller is open to assisting with builders' quotes to facilitate the transformation process.

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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
£20,000 - £40,000
Target Value
£315,513
10% above area average per sq ft
Potential ROI
+8.8%
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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