Auction House London says ..

Property Oracle says ..

The property located at 111A Foxley Lane, Purley, Surrey, CR8 3HQ is a five-bedroom detached house with planning permission for conversion into two five-bedroom houses or two bungalows. The property is being sold via public auction. Based on the provided images, the property appears to be in relatively good condition, although some modernisation may be desirable. The exterior shows a well-maintained structure, however, the interior is not visible from the provided images. The property benefits from a large garden, as evidenced by the aerial and ground-level photographs. The location is in Purley, a suburb of Croydon in Greater London. The area has good access to transportation links, with several train stations within a reasonable distance. There are also a number of schools nearby, including The John Fisher School and Woodcote High School, both rated ‘Good’ by Ofsted. The proximity to these amenities contributes to a positive location score. Considering the list price of £1,500,000, the average house price in the area (£620,217) and average price per sqft (£513), the price seems high relative to the average for the area. However, the property’s size (3,341 sqft), the large plot size, and the potential for development (planning permission for conversion into two properties) could justify the higher price. Further investigation into comparable properties with planning permission in the area would be needed to fully assess the value.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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