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Glossop Road, South Croydon

South East

£575,000
Listed on 08/01/2025

Property Details

Bedrooms
6
Type
Semi-detached house
Area
1560 sqft

Description

This substantial six-bedroom semi-detached home spans three levels and is situated on a quiet residential road, just a short walk from Sanderstead station and local amenities. Having been in the same family for many decades, this property presents a unique opportunity for those looking to invest in a renovation project that allows for personal touches and modern updates. The ground floor features two generously sized reception rooms, providing ample space for both living and dining. The kitchen and breakfast area includes built-in appliances such as a dishwasher and electric oven, but could benefit from an upgrade to enhance its functionality and aesthetic. A large utility room adds practicality, while the ground floor bathroom offers the potential for modernization. On the first floor, you will find four bedrooms along with another bathroom and separate WC. Each bedroom has its own character; some feature built-in cupboards that offer additional storage options. The top floor hosts two more bedrooms along with eaves storage space that could be creatively utilized or transformed into further living areas. The property benefits from mostly double-glazed windows, combining UPVC and aluminium frames, which contribute to energy efficiency. The current heating system operates through warm air vents on the ground level, though there would be opportunities to improve this system during renovations. Outside, the level rear garden is primarily laid to lawn, presenting an ideal canvas for landscaping or outdoor entertainment areas. With nearby access to Purley Oaks station as an alternative transport option, this location is convenient for commuters while maintaining a peaceful residential atmosphere. Overall, this property holds great potential for renovation or investment, making it suitable not only for families seeking a long-term residence but also for investors looking for value-added opportunities in a sought-after area.

Investment Analysis

(CR2 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£369/sq ft
Area Average
£464/sq ft
Avg Rent (weekly)
£366
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£57,500 - £143,750
10-25% of property value
Target Value
£796,396
10% above area average per sq ft
Potential ROI
+10.8%
After renovation
Monthly Sales
45
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (CR2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 4.8%
5 year growth: 10.2%
Investment Disclaimer: Analysis based on CR2 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

Glossop Road, South Croydon
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