16 Purley Court, Brighton Road, Purley, Surrey, CR8 2BL

Description

Leasehold two-bedroom first floor flat. Full vacant possession.

Accommodation

Two bedroom, reception room, kitchen, bathroom/WC

Location

The property is located on Brighton Road. Shopping amenities can be found locally within Purley and Coulsdon, with a more comprehensive range of bars, shops and restaurants found within Central London to the north. Public transport links are available at Purley Train Station and Reedham Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A23 and A22. Recreational pursuits can be found at Foxley Wood.

Tenure / Property Information

Investment Analysis

Completed sales evidence ranges from £187,000 to £275,000. The latest sale within Purley Court was £197,500 on 15 December 2025, making £197,500 the most supportable base GDV, subject to confirmation that the comparable flat is materially similar. The wider range may reflect differences in condition, size, floor, lease terms or other features, none of which are supplied.

Investment Snapshot

Strategy Recommendation

Do not set a firm bid or proceed on the headline yield alone. Obtain and review the lease, service charge, ground rent, seller fees and condition information first. The guide appears low against supplied sales evidence, but the short remaining lease is a material constraint.

Works Required

No specific works are evidenced. Before bidding, verify the flat's condition, lease documentation, EPC, heating, parking arrangements and any required compliance or refurbishment works. No refurbishment allowance can be reliably estimated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the known purchase cost including the £1,800 administration charge is £86,800 before works and any seller fees. A purely theoretical 75% refinance of the £197,500 base GDV is £148,125, leaving a calculated £61,325 above the known purchase cost before works, finance and taxes. However, the lease has only 45 years and 8 months remaining and lease information is awaited, so refinanceability and valuation cannot be assumed.

Buy-to-Let Analysis

The advertised asking rent is £1,500 pcm, equivalent to £18,000 annually. This produces a 21.18% gross yield against the £85,000 guide, or 20.74% against the guide plus the known £1,800 administration charge. These figures exclude service charge, ground rent, management, maintenance, voids, finance, seller fees and tax, so they are not net yields. The rent is an asking rent rather than achieved rent.

Flip Analysis

Using the £197,500 base GDV against the £85,000 guide and known £1,800 administration charge gives a gross spread of £110,700 before refurbishment, selling costs, finance, taxes and unknown seller fees. A reliable flip surplus cannot be calculated because condition, works, lease details and selling allowances are not supplied. The comparable range is also wide.

Investor Risks & Due Diligence

• Only 45 years and 8 months remain on the stated lease, with lease information awaited.

• Annual service charge, ground rent, review period and ground rent increases are unknown.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Property condition and any refurbishment requirements are unknown.

• The £1,500 pcm figure is an advertised asking rent, not an achieved or passing rent.

• EPC, parking and heating details are not supplied.

• The completed-sale evidence ranges widely from £187,000 to £275,000 and may reflect differing flat characteristics or lease terms.

Recommendation

Do not set a firm bid or proceed on the headline yield alone. Obtain and review the lease, service charge, ground rent, seller fees and condition information first. The guide appears low against supplied sales evidence, but the short remaining lease is a material constraint.

Strategy Rating

Analysis Confidence

There is useful completed-sale and asking-rent evidence, but the lease pack, service charge, ground rent, condition, EPC, parking, heating, seller fees and refurbishment requirements are unknown. The comparable sale range is also wide.