Sold STC Flat

Flat 3

MALAN APARTMENTS, 123, OLD LODGE LANE, PURLEY, GREATER LONDON CR8 4AU

3 beds 2 baths 93 m² Listed 20 May 2025 (-426d)

£425,000

Guide Price

Reduced on 24 Jun 2025

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Property details

Tenure

LEASEHOLD (245 years remaining on lease)

Floor area

93 m²

Council tax band

D

Last sold

£410,000 Mar 2026

Local average

£289,714 (+46.7%)

Deprivation

Decile 6 (18,792 of 33,755)

Street crime

153 incidents within 1 mile (May 2026)

Additional details

Electricity
Mains supply
Broadband
FTTP (fibre to the premises)
Water
Mains supply
Sewerage
Mains supply
Heating
Gas
Accessibility
No wheelchair access
Parking
Allocated

Description

GUIDE PRICE £425,000 to £450,000.

Modern First Floor Apartment in Convenient Location
This contemporary first-floor apartment, part of a modern block built in 2020, occupies 92.5 sq.m and is ideally located for easy access to local amenities. The apartment features three double bedrooms and two luxury bathrooms, including an en-suite shower room attached to the primary bedroom. The spacious 22’10” open plan lounge/kitchen area boasts a private balcony that offers picturesque views over the gardens.
Finished to a high standard, the property includes bespoke German kitchen units, integrated appliances, underfloor heating, and double glazing, ensuring a comfortable and stylish living environment. A long lease term of 246 years adds to its appeal. Additionally, the apartment comes with an allocated parking space and benefits from a section of the communal garden. It has an EPC rating of B.

Reedham rail station is just 0.1 miles away, providing routes to London Bridge and Victoria, while Purley rail station, located 0.7 miles away, offers services to Gatwick and Brighton. The surrounding area is well-equipped with shops, restaurants, and excellent educational facilities like Beaumont Primary School.

Listed by

Purley

Countrywide UK Sales - Connells

Reference: 162193265

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
125, Old Lodge Lane, PURLEY 66 73 159 m² — Detached
161, Old Lodge Lane, PURLEY 69 82 129 m² England and Wales: 1930-1949 Detached
165, Old Lodge Lane, PURLEY 61 83 87 m² England and Wales: 1930-1949 Detached
173, Old Lodge Lane, PURLEY 41 73 132 m² England and Wales: 1930-1949 Detached
175, Old Lodge Lane, PURLEY 56 82 111 m² England and Wales: 1930-1949 Detached
Flat 3 Malan Apartments, 123, Old Lodge Lane, PURLEY 85 85 93 m² — Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

-13% since 2020

Event Date Price % change
Sold 13/03/2026 (4 months ago) £410,000 -12.8%
Sold 30/03/2020 (6 years ago) £470,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 177 OLD LODGE LANE, PURLEY, CROYDON, GREATER LONDON, CR8 4AU £605,000 03/11/2022 Detached
Same street 159 OLD LODGE LANE, PURLEY, CROYDON, GREATER LONDON, CR8 4AU £580,000 30/09/2022 Semi-detached
Same street MALAN APARTMENTS, 123 FLAT 2 OLD LODGE LANE, PURLEY, CROYDON, GREATER LONDON, CR8 4AU £352,000 22/09/2022 Flat
SATIN HEIGHTS, 9B FLAT 3 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £430,000 11/07/2022 Flat
SATIN HEIGHTS, 9B FLAT 2 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £350,000 28/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 1 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £442,500 28/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 8 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £430,000 22/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 9 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £530,475 20/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 7 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £560,000 10/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 4 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £440,000 09/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 6 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £319,000 09/06/2022 Flat
SATIN HEIGHTS, 9B FLAT 5 HAYDN AVENUE, PURLEY, CROYDON, GREATER LONDON, CR8 4AG £485,000 09/06/2022 Flat
Same street 129 OLD LODGE LANE, PURLEY, CROYDON, GREATER LONDON, CR8 4AU £675,000 31/03/2022 Semi-detached
EAST CLIFF HOUSE, 5 FLAT 9 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £560,000 03/12/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 7 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £550,000 22/10/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 6 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £445,000 08/10/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 8 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £550,000 03/09/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 1 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £450,000 01/09/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 3 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £465,000 31/08/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 4 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £440,000 31/08/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 5 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £470,000 31/08/2021 Flat
EAST CLIFF HOUSE, 5 FLAT 2 HIGHLAND ROAD, PURLEY, CROYDON, GREATER LONDON, CR8 2HS £345,000 31/08/2021 Flat

Street average: £553,000 (4 sales)

Area average: £458,999 (18 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -17.5%
10y growth -5.9%

House Price Index (HM Land Registry — official index, not sold-price averages): Croydon. Series: Flats and maisonettes. As of April 2026.

1y (index) -3%
5y (index) -6.8%
10y (index) 2.8%

Rental Range

Estimated market rent for Croydon. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,415/mo
Realistic £1,572/mo
Optimistic £1,729/mo

Based on Local Authority from postcode lookup → Croydon.

LHA (30th percentile) floor for Outer North London: £1,690/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View CR8 4AU

Address

Lodge Hill

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Lodge Hill 0.1 miles
Shop Old Lodge Lane Post Office 0.4 miles
Shop Choice Food & Wine 0.5 miles
Train station Reedham 0.7 miles
Train station Coulsdon Town 0.7 miles
Hospital Croydon Heart Centre 4.6 miles
Hospital Patient Advice and Liaison Service (PALS) 4.6 miles
University University for the Creative Arts, Epsom Campus 6.4 miles
University Horton Halls Reception 8.3 miles

Street-level crime

Category Count
Violence and sexual offences 48
Anti-social behaviour 31
Vehicle crime 22
Shoplifting 20
Other theft 9
Burglary 7
Public order 5
Drugs 4
Other crime 2
Possession of weapons 2
Bicycle theft 1
Robbery 1
Theft from the person 1
Total incidents 153

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Beaumont Primary School Primary 0.5 miles Outstanding — 17 Jan 2018
New Valley Primary School Primary 0.5 miles Good — 12 Jul 2017
St Nicholas School Other 0.5 miles Requires improvement — 27 Jun 2024
The Hayes Primary School Primary 0.5 miles Good — 6 Jul 2023
Harris Primary Academy Kenley Primary 0.7 miles Outstanding — 15 Jul 2015

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
3 Bed Semi-Detached House, Godstone Road, CR8 £690/mo 3 0.69 miles OpenRent
3 Bed Terraced House, Kenley, CR8 £2,400/mo 3 0.69 miles OpenRent
3 Bed Terraced House, Sunnydene Road, CR8 £2,100/mo 3 0.76 miles OpenRent
3 Bed Terraced House, Sunnydene Road, CR8 £2,100/mo 3 0.76 miles OpenRent
3 Bed Semi-Detached House, Brighton Road, CR8 £750/mo 3 0.81 miles OpenRent
3 Bed Flat, Corina House, CR8 £2,500/mo 3 0.85 miles OpenRent

Average rent: £1,757/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.49%
Max investor price (0.8%) £262,500
Target investor price (1%) £210,000
Gross yield 5.9%
Cost-to-rent ratio 16.9×
Monthly cashflow £191/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 1.9%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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