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Leatherhead

Unknown Region

£700,000
Listed on 19/09/2024

Property Details

Bedrooms
2
Type
Detached house
Area
1248 sqft

Description

This detached residence offers a unique opportunity for renovation and investment in a desirable area of Leatherhead, set on a quiet cul-de-sac overlooking protected playing fields. While the home is charming as it stands, there is significant potential to enhance and expand the living space, subject to obtaining the necessary planning permissions. Inside, the ground floor features an entrance porch that leads into a spacious dual-aspect lounge/dining room, providing ample natural light. The kitchen/breakfast room is functional and ready for modernization, while a cloakroom adds convenience. Upstairs, you’ll find two well-proportioned double bedrooms accompanied by a shower room—ideal spaces that can be transformed according to personal preferences or needs. The exterior boasts an adjoining garage with double length capability and a driveway with parking for multiple vehicles. The rear garden is thoughtfully landscaped with mature trees, shrubs, and hedging that offer privacy—a perfect setting for outdoor relaxation or potential enhancements. Located within walking distance to Leatherhead’s vibrant town center, residents can enjoy an array of dining options, independent shops, and essential amenities. Additionally, this property is well-positioned for access to reputable schools (both state and private), such as St Johns, Downsend, and St Andrews. Commuters will appreciate the excellent transport links to the M25 and proximity to both Heathrow and Gatwick airports within approximately thirty minutes. With its blend of location benefits and renovation possibilities, this property presents an enticing prospect for those looking to create their ideal family home in an attractive neighborhood.

Investment Analysis

(KT22 area)

Above Market Value

This property is priced +7.4% above area average per sq ft

+7.4%
This Property
£561/sq ft
Area Average
£522/sq ft
Avg Rent (weekly)
£508
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Target Value
£716,876
10% above area average per sq ft
Potential ROI
-18.1%
After renovation
Monthly Sales
22
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (KT22)

Area prices are falling by +10.3% over the last 12 months
3 year growth: -0.6%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on KT22 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

Leatherhead
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