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London Road, Ewell, Epsom, KT17

London

£1,000,000
Listed on 23/02/2024

Property Details

Bedrooms
11
Type
Detached house
Area
2820 sqft

Description

This freehold hotel presents a unique opportunity for those seeking a property with substantial renovation and investment potential. Currently operating as a hotel, it features 11 spacious bedrooms, including seven en suite guest rooms, alongside communal areas such as a kitchen, sitting room, and dining room. Additionally, the property boasts a four-room annexe complete with its own private bathroom, which could be utilized to expand rental possibilities and enhance overall income. Located directly opposite Historic Nonsuch Park, this property benefits from excellent accessibility due to its proximity to the A24 and neighboring towns like Sutton, Kingston, Wimbledon, and Morden. Epsom town center is approximately two miles away, putting residents and guests within easy reach of local amenities. The renowned Epsom Racecourse, famous for hosting The Derby, is also nearby, attracting visitors year-round. While the hotel is currently operational—allowing for a smooth transition upon acquisition—there exists significant potential for repurposing the building into Houses in Multiple Occupation (HMO), subject to obtaining the necessary planning consents. This flexibility makes it an attractive option for investors looking to capitalize on the growing demand for rental properties in the area. The property includes parking at the front and a sizeable rear garden that can be utilized for additional outdoor space or recreational purposes. With a gross internal area of 262 square meters set on a plot of 575 square meters, there is ample scope for creative development. Prospective buyers are encouraged to conduct their due diligence regarding local planning regulations through Epsom & Ewell Council. Offers are welcomed on an unconditional basis with vacant possession available upon completion. Viewings are strictly by appointment only to ensure minimal disruption to current operations.

Investment Analysis

(KT17 area)

Below Market Value

This property is priced -33.6% below area average per sq ft

-33.6%
Potential saving
This Property
£355/sq ft
Area Average
£534/sq ft
Avg Rent (weekly)
£406
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£1,657,864
10% above area average per sq ft
Potential ROI
+27.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (KT17)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -8.1%
5 year growth: 2.3%
Investment Disclaimer: Analysis based on KT17 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

London Road, Ewell, Epsom, KT17
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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
£3,663
Based on a loan of £750,000 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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