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Brighton Road, Purley CR8

South East

£250,000

Listed on 30/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
615 sqft

Description

This ground floor flat in Andrews House offers a prime investment opportunity in Purley, featuring two spacious double bedrooms and a separate kitchen. The tiled bathroom is functional, while the allocated underground parking adds convenience. Directly opposite Reedham train station and serviced by a good bus network, this property enjoys excellent transport links. Although currently tenanted on a rolling contract, it presents a unique chance for renovation enthusiasts or investors looking to create value through updates and improvements. The flat spans approximately 615 sq feet (57.1 sq m) and holds a long lease with 99 years remaining. With some modernisation needed to align with current market standards, this below market value property invites sensible offers and could yield significant returns post-renovation.

Investment Analysis

(CR8 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
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
£316,027
10% above area average per sq ft
Potential ROI
+14.9%
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

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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