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Chaffinch Avenue, Croydon

South East

£525,000
Listed on 27/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1044 sqft

Description

This spacious three-bedroom detached bungalow presents a compelling opportunity for renovation and investment, with no onward chain. The property features a welcoming porch that leads into a large reception room, which provides ample space for various living arrangements. Adjacent to this area is a conservatory that offers direct access to the rear garden, allowing for seamless indoor-outdoor living. The kitchen showcases a shaker style design and provides generous storage options, making it functional while also presenting an opportunity for modernization. Each of the three double bedrooms includes built-in wardrobes, adding convenience and potential for personal touches in future renovations. Outside, the property benefits from off-street parking and a sizeable outbuilding equipped with power, which could serve as a workshop or additional storage space. There is further potential to extend the property (subject to planning permission), enhancing its value and living space. Situated in a well-connected location, the bungalow is just 0.8 miles from Elmers End mainline railway station, facilitating direct services to Central London and convenient connections to Canary Wharf. Local amenities are within easy reach, ensuring daily necessities are just a short walk away. The nearby Tramlink at Arena Station offers services to central Croydon, East Croydon station, as well as Beckenham and Wimbledon town centres, making this an attractive option for commuters. With its solid foundation and scope for improvement, this property holds significant renovation potential in an area with strong transport links and community amenities.

Investment Analysis

(CR0 area)

Above Market Value

This property is priced +13.3% above area average per sq ft

+13.3%
This Property
£503/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£387
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£52,500 - £131,250
10-25% of property value
Target Value
£509,545
10% above area average per sq ft
Potential ROI
-22.4%
After renovation
Monthly Sales
115
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 3.1%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on CR0 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

Chaffinch Avenue, Croydon
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