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Homedean Road, Chipstead

South East

£650,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1131 sqft

Description

Nestled in the charming village of Chipstead, this three-bedroom property boasts significant renovation and investment potential. The location is particularly advantageous, with two well-regarded primary schools within walking distance, making it ideal for families. Upon entering, you'll find a welcoming hallway that leads to a spacious main reception area featuring an exposed brick fireplace, which adds character to the space. This room seamlessly transitions into a dining area, perfect for gatherings or family meals. A conservatory opens up to the garden, allowing for an abundance of natural light and offering views of the outdoor space. The kitchen is equipped with modern fitted units and includes a utility cupboard for added convenience. The first floor comprises two double bedrooms and a single room, providing flexible accommodation options that can be tailored to individual needs. The bathroom is thoughtfully designed with a freestanding roll-top bath as well as a walk-in shower, basin, and toilet. Additionally, there is a large loft that has been fully boarded, presenting opportunities for further development or storage. Outside, the garden features both decking and lawn areas that offer a sunny retreat for relaxation or entertainment. There’s also a designated hot tub area complete with decking and a powered shed that could serve various purposes such as additional storage or a workshop. Parking is generous with space for two vehicles on the driveway along with an electric car charger; extra parking is available in the lay-by in front of the house. A covered storage area on the side provides further utility alongside access to a single garage en bloc. This property has all the essential utilities in place and is served by mains gas heating. With its current condition and layout combined with location benefits, it represents an excellent opportunity for renovation or investment while accommodating comfortable living in one of Kent's desirable villages.

Investment Analysis

(TN13 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£575/sq ft
Area Average
£576/sq ft
Avg Rent (weekly)
£469
Avg Yield
4.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£716,104
10% above area average per sq ft
Potential ROI
+5.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TN13)

Area prices are falling by +6.3% over the last 12 months
3 year growth: 0.9%
5 year growth: 12.8%
Investment Disclaimer: Analysis based on TN13 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

Homedean Road, Chipstead
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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
£2,381
Based on a loan of £487,500 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