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Pittville Gardens, London, SE25

London

£500,000
Listed on 24/09/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1119 sqft

Description

This end-of-terrace freehold home presents a compelling opportunity for renovation and investment in the desirable area of Pittville Gardens, Upper Norwood. With four spacious double bedrooms and two bathrooms, the property is well-suited for families or those looking to create a comfortable living space. The open-plan kitchen and reception room offer ample potential for reconfiguration to suit modern lifestyles, along with direct access to a private garden, ideal for outdoor enhancements or personal landscaping projects. Situated on a tranquil residential road, the location provides convenient access to the lush green spaces of South Norwood Lakes and Grounds, perfect for outdoor activities or leisurely strolls. Residents will benefit from the vibrant shopping, dining, and entertainment options available on South Norwood High Street, which is just minutes away. Additionally, the excellent transport links from Norwood Junction Railway make commuting straightforward. The property is sold chain-free and includes off-street parking, adding further convenience. Given its potential for modernization and the appealing location nearby essential amenities and transport routes, this home represents an attractive investment opportunity in a growing area.

Investment Analysis

(SE25 area)

Below Market Value

This property is priced -7.3% below area average per sq ft

-7.3%
Potential saving
This Property
£447/sq ft
Area Average
£482/sq ft
Avg Rent (weekly)
£349
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£593,048
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SE25)

Area prices are rising by +10.3% over the last 12 months
3 year growth: 7.1%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on SE25 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

Pittville Gardens, London, SE25
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE