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London Road (R), Epsom KT17

Unknown Region

£1,000,000
Listed on 26/02/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
2820 sqft

Description

This freehold hotel presents a unique investment opportunity with significant renovation and adaptation potential. Currently operational, the business allows for an immediate transition for new ownership. Alternatively, the property is well-suited for conversion to a House in Multiple Occupation (HMO), subject to acquiring the necessary planning permissions. The hotel features seven en-suite guest rooms, along with communal areas including a kitchen, sitting room, and dining room. Additionally, there is a four-room annexe complete with its own private bathroom. This space could be integrated into the main letting arrangement to further enhance revenue potential. Frontage parking and a sizable rear garden are also notable attributes of this property. Located directly across from the historical Nonsuch Park on the London Road (A24), this site benefits from proximity to major towns such as Sutton, Kingston, Wimbledon, and Morden. It is approximately two miles from Epsom town center and near the renowned Epsom racecourse, home of The Derby, making it attractive for both tourism and local accommodations. The current use classification is C1, but prospective buyers should conduct their own due diligence regarding planning regulations through the Epsom & Ewell local authority. Vacant possession will be available upon completion, providing flexibility for new owners or developers looking to capitalize on this prime location. Viewings can be arranged by appointment only; please refrain from approaching staff directly.

Investment Analysis

(KT17 area)

Below Market Value

This property is priced -34.4% below area average per sq ft

-34.4%
Potential saving
This Property
£355/sq ft
Area Average
£540/sq ft
Avg Rent (weekly)
£419
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£100,000 - £250,000
10-25% of property value
Target Value
£1,675,700
10% above area average per sq ft
Potential ROI
+34.1%
After renovation
Monthly Sales
25
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (KT17)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -8.2%
5 year growth: 3.6%
Investment Disclaimer: Analysis based on KT17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

London Road (R), Epsom KT17
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