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 %
- Est sale value
- 398,740.44 £Increased by 27.00 %
- Average area rental value
- 1,898.00 £/moDecreased by 5.95 %
- Est letting value
- 678.13 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.70 %Decreased by 4.88 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
Cubitt & West Shared Ownership created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Nicholas School | Community Special School | Good | 0.40 KM |
| Beaumont Primary School | Community School | Outstanding | 0.47 KM |
| St David'S School | Other Independent School | 0.62 KM | |
| Margaret Roper Catholic Primary School | Voluntary Aided School | Good | 1.32 KM |
| Thomas More Catholic School | Voluntary Aided School | Good | 1.32 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Fire Station Cottages | £ 279,995 | 0 | 0.00 KM |
| Hill Road | £ 0 | 0 | 0.00 KM |
| Foxley Hall | £ 0 | 0 | 0.00 KM |
| Higher Drive | £ 555,000 | 0 | 0.00 KM |
| Purley Road | £ 350,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Reedham (London) | 5431 | RHM | 0.24 KM |
| Purley | 5379 | PUR | 1.02 KM |
| Coulsdon Town | 5382 | CDN | 1.82 KM |
| Kenley | 5419 | KLY | 2.44 KM |
| Riddlesdown | 5432 | RDD | 2.46 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Watney Close, Purley | £ 180,000 | BUY | 6 / 10 | 0.00 KM |
| Watney Close, Purley, CR8 | £ 180,000 | BUY | 5 / 10 | 0.01 KM |
| Reedham Court, Purley | £ 250,000 | BUY | 7 / 10 | 0.09 KM |
| Reedham Court, Purley | £ 235,000 | BUY | 7 / 10 | 0.10 KM |
| Aveling Close, Purley | £ 385,000 | BUY | Unknown | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 37 Watney Close | £ 135,000 | 0.01 KM |
| 6 Sydney Avenue | £ 318,000 | 0.10 KM |
| 2 Sydney Avenue | £ 385,000 | 0.10 KM |
| 4 Sydney Avenue | £ 182,000 | 0.10 KM |
| 81 Brighton Road | £ 190,000 | 0.13 KM |