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ERMYN WAY, LEATHERHEAD, KT22

London

£700,000

Listed on 17/09/2024

Property details

Bedrooms
4
Type
Detached House
Area
1194 sqft

Description

This detached chalet bungalow is positioned on a private corner plot at the Ashtead/Leatherhead boundary, offering proximity to several 'outstanding' schools, including St. Andrew's Secondary and Downsend. While the property benefits from gas central heating and features a spacious double garage along with driveway parking, it also presents significant potential for renovation and expansion. Interested buyers should note that modernising or extending the property will require the usual consents from local authorities, making this an appealing investment opportunity for those looking to enhance its value. The beautifully maintained part walled garden adds to the charm and possibilities of this residence.

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Investment analysis

(KT22 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£586/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£431
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£684,807
10% above area average per sq ft
Potential ROI
-9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (KT22)

Area prices are falling by -3.4% over the last 12 months
3 year growth: +1.9%
5 year growth: +3.5%
Investment Disclaimer: Analysis based on KT22 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

ERMYN WAY, LEATHERHEAD, KT22
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-14.6% since listed
£700,000£50,000(-6.7%)
26/03/2026
Current price
£750,000£15,000(-2.0%)
02/08/2025
£765,000£34,000(-4.3%)
17/06/2025
£799,000£21,000(-2.6%)
07/12/2024
£820,000Initial listing
16/09/2024

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