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Banstead

Yorkshire

£895,000
Listed on 02/07/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2077 sqft

Description

This detached four-bedroom home is situated on a desirable private road, adjacent to expansive farmland, offering both tranquility and the potential for future investment. The welcoming entrance hall leads into a large open-plan kitchen that provides ample space for dining, making it an ideal environment for family gatherings. The spacious reception room features French doors that open directly onto a south-facing garden, seamlessly blending indoor and outdoor living. On the ground floor, you will also find a dedicated study, utility room, and cloakroom, all contributing to the practicality of the layout. Moving upstairs, each of the four generously sized bedrooms offers flexibility for various needs, with the master suite benefiting from an en-suite bathroom and an additional family bathroom servicing the other rooms. The property includes a garage and off-street parking, appealing to families looking for convenient amenities. Educational facilities are within easy reach, with excellent schools and nurseries located nearby. One of the standout features of this home is its enchanting rear garden. Overlooking open farmland, it boasts a patio area leading to a well-maintained lawn—perfect for outdoor activities or simply enjoying the peaceful views. Additionally, there’s significant potential for renovation or expansion in line with local planning regulations, making this property not just a comfortable residence but also an intriguing investment opportunity.

Investment Analysis

(SM7 area)

Below Market Value

This property is priced -19.1% below area average per sq ft

-19.1%
Potential saving
This Property
£431/sq ft
Area Average
£533/sq ft
Avg Rent (weekly)
£425
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£89,500 - £223,750
10-25% of property value
Target Value
£1,216,717
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Monthly Sales
13
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SM7)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 4.5%
Investment Disclaimer: Analysis based on SM7 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

Banstead
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