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RIDGEWAY DRIVE, DORKING, RH4 - Image 1
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RIDGEWAY DRIVE, DORKING, RH4 - Image 5

RIDGEWAY DRIVE, DORKING, RH4

South East

£650,000
Listed on 01/12/2024

Property Details

Bedrooms
3
Type
Detached house
Area
850 sqft

Description

This three-bedroom detached bungalow is situated in a desirable cul-de-sac, conveniently located near Dorking Tennis Club. The property's bright and spacious layout offers ample living space with significant potential for renovation and improvement. The entrance hall serves as a central hub connecting all main rooms. Three well-proportioned bedrooms provide flexible accommodation options, with the master bedroom offering pleasant views of the front lawn. The formal living room benefits from double aspect windows and features sliding doors that lead directly to a rear terrace, enhancing the indoor-outdoor flow. The kitchen includes a range of base units paired with eye-level cupboards, providing plenty of workspace, along with garden views. There is also space for standard kitchen appliances. A family bathroom and a separate W.C. complete the interior layout. A standout feature of this property is its sizable rear garden, which extends to approximately 80 feet in length and primarily consists of a lawn area—ideal for further landscaping or outdoor projects. The patio spans the back of the home, making it an inviting spot for gatherings or relaxation. Additional conveniences include driveway parking and a garage equipped with power and lighting, offering possibilities for conversion into additional living space or a workshop, subject to necessary permissions. With its favorable location and substantial grounds, this bungalow presents an excellent opportunity for those looking to invest in a property that can be customized to individual tastes while potentially increasing its value over time.

Investment Analysis

(RH4 area)

Above Market Value

This property is priced +45.3% above area average per sq ft

+45.3%
This Property
£765/sq ft
Area Average
£526/sq ft
Avg Rent (weekly)
£334
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£491,997
10% above area average per sq ft
Potential ROI
-39.4%
After renovation
Monthly Sales
8
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RH4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 5.4%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on RH4 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

RIDGEWAY DRIVE, DORKING, RH4
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