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Fleet Close, West Molesey KT8

London

£685,000
Listed on 07/05/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1313 sqft

Description

This semi-detached four-bedroom property presents a unique opportunity for renovation and investment, located at the end of a peaceful cul-de-sac. Having been in the same ownership for 39 years, it has been maintained but could benefit from modernisation, especially in the living areas and kitchen. The generous corner plot provides ample space for potential extensions (subject to planning permission), making it an attractive option for family expansion or added value. The wide frontage offers extensive off-road parking, catering to multiple vehicles. The interior layout includes an entrance hallway, downstairs cloakroom, and a sizable 18ft multipurpose room that can be transformed into an ideal home office or playroom. The highlight is the spacious 26ft dual-aspect living room leading to a conservatory and garden access. The kitchen features numerous storage units and integrated appliances but may require updating to meet contemporary standards. Upstairs, four well-sized bedrooms with built-in wardrobes share a modern bathroom; however, further enhancements could elevate their appeal. Externally, the private garden includes artificial grass and well-established plants, alongside a roofed pergola for outdoor gatherings. The garage adds additional utility with power and lighting. With double-glazing and gas central heating already in place, this home provides a solid foundation upon which to build your vision, making it suitable for both personal use or as an investment opportunity in a desirable London locality.

Investment Analysis

(KT8 area)

Below Market Value

This property is priced -12.2% below area average per sq ft

-12.2%
Potential saving
This Property
£522/sq ft
Area Average
£594/sq ft
Avg Rent (weekly)
£433
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£857,770
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (KT8)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -1.6%
5 year growth: +11.8%
Investment Disclaimer: Analysis based on KT8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Fleet Close, West Molesey KT8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,471
Based on a loan of £513,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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