Watney Close, Purley, Surrey
CU

Watney Close, Purley, Surrey

By Cubitt & West Shared Ownership

£ 150,000

Reviews

2 out of 5 stars

Cubitt & West Shared Ownership says ..

First floor shared ownership apartment located just minutes from Reedham station. Allocated parking & pretty communal grounds. Lots of storage, good size bedrooms and in good condition. Available 50% share at 150,000. Additional charges are payable: Rent 446.38, Management Charge 17.42, Insurance...

Property Oracle says ..

This two-bedroom, one-bathroom shared ownership apartment in Watney Close, Purley, Surrey, presents a viable option for first-time buyers or those seeking a more affordable entry into the London property market. Its key strengths lie in its proximity to Reedham station and several well-regarded schools. The apartment itself is presented in good condition; images show a modern, clean interior with functional kitchen and bathroom. The communal gardens add a pleasant element, although the lack of private outdoor space is a notable consideration. Given the listing is for a 50% share, the price requires careful consideration alongside associated service charges, rent, and management fees, which could significantly impact overall costs. Further investigation into the specifics of these additional fees is crucial for potential buyers to fully evaluate the financial implications. The overall appeal of the property is dependent on the buyer’s priorities and tolerance for the limitations inherent in shared ownership schemes. Purchasers should carefully assess the long-term costs and opportunities for staircasing to full ownership.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
3
Bedrooms
2
Bathrooms
1
Sqft (est)
678.13

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
616,068.00 £
Decreased by 0.97 %
from 622,109.00 £
Est sale value
398,740.44 £
Increased by 27.00 %
from 313,974.19 £
Average area rental value
1,898.00 £/mo
Decreased by 5.95 %
from 2,018.00 £/mo
Est letting value
678.13 £/mo
Unchanged by 0.00 %
from 678.13 £/mo
Est rental Yield
3.70 %
Decreased by 4.88 %
from 3.89 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Cubitt & West Shared Ownership created the listing.

Nearby Schools

NameTypeOfstedDistance
St Nicholas SchoolCommunity Special SchoolGood0.40 KM
Beaumont Primary SchoolCommunity SchoolOutstanding0.47 KM
St David'S SchoolOther Independent School0.62 KM
Margaret Roper Catholic Primary SchoolVoluntary Aided SchoolGood1.32 KM
Thomas More Catholic SchoolVoluntary Aided SchoolGood1.32 KM

Images

Living Room External Living Room Kitchen Bedroom 1 Bedroom 2 Bathroom Communal Gardens External Feature Driveway/Parking Rear Elevation

Nearby Streets

NameAverage PriceAverage SqftDistance
Fire Station Cottages £ 279,99500.00 KM
Hill Road £ 000.00 KM
Foxley Hall £ 000.00 KM
Higher Drive £ 555,00000.00 KM
Purley Road £ 350,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Reedham (London)5431RHM0.24 KM
Purley5379PUR1.02 KM
Coulsdon Town5382CDN1.82 KM
Kenley5419KLY2.44 KM
Riddlesdown5432RDD2.46 KM

Nearby Listings

AddressPriceTypeScoreDistance
Watney Close, Purley £ 180,000BUY6 / 100.00 KM
Watney Close, Purley, CR8 £ 180,000BUY5 / 100.01 KM
Reedham Court, Purley £ 250,000BUY7 / 100.09 KM
Reedham Court, Purley £ 235,000BUY7 / 100.10 KM
Aveling Close, Purley £ 385,000BUYUnknown0.12 KM

Nearby Properties

AddressPriceDistance
37 Watney Close £ 135,0000.01 KM
6 Sydney Avenue £ 318,0000.10 KM
2 Sydney Avenue £ 385,0000.10 KM
4 Sydney Avenue £ 182,0000.10 KM
81 Brighton Road £ 190,0000.13 KM