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Lyne Lane, Lyne, Chertsey

London

£450,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached cottage, situated on a generous plot of approximately 0.74 acres, offers a blank canvas for renovation enthusiasts and investors alike. The property features a sizable garage/workshop and is nestled in a sought-after rural location that provides easy access to nearby towns such as Ottershaw, Virginia Water, and Woking. While the cottage is currently in need of complete refurbishment, the scope for improvement is significant, whether through modernization, expansion, or even redevelopment (subject to obtaining the necessary planning permissions). Potential buyers should note that there is an electricity sub-station within the property boundary, with no access granted to this area. Additionally, parking options are limited at the site; therefore, visitors are encouraged to park responsibly in surrounding areas.

Investment Analysis

(KT16 area)
Area Average
£487/sq ft
Avg Rent (weekly)
£383
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (KT16)

Area prices are rising by +8.6% over the last 12 months
3 year growth: -6.7%
5 year growth: 4.0%
Investment Disclaimer: Analysis based on KT16 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

Lyne Lane, Lyne, Chertsey
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE