Kenyons Estate Agents says ..

Property Oracle says ..

This five-bedroom, one-bathroom property located in Purley, Surrey presents a unique investment opportunity. The sizeable 2,518.76 sqft house benefits from a large garden, giving it potential for future development or expansion. Its location is favorable, close to various schools and transportation links. However, the property requires significant renovation. The photographs reveal outdated fixtures, worn interiors (carpet, wallpaper, etc.), and some visible damage, such as a damaged ceiling in one of the attic rooms. Buyers should be prepared for substantial refurbishment costs that may include complete redecoration, new flooring, kitchen and bathroom upgrades, and possibly some structural repairs. Potential buyers should factor these costs, along with potential planning permission issues into their financial calculations. The asking price might need a more critical analysis against the cost of renovation, alongside comparable sold prices in the region to determine its true market value once renovated. The considerable land also adds to the appeal for buyers looking for a substantial project with potential upside in a good location. Whilst requiring significant investment, the final product could be a highly valuable family home. Due diligence on the property’s condition and local comparable sales is highly recommended before making any offer.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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