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Higher Drive, Purley, CR8

South East

£600,000
Listed on 02/09/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1834 sqft

Description

This semi-detached family home presents a noteworthy opportunity for renovation and potential expansion, making it an appealing project for investors or those looking to create their ideal living space. The property features four bedrooms and two bathrooms, alongside two spacious reception rooms that can be tailored to meet various lifestyle needs. Set on a slightly elevated plot, the home boasts a double garage conveniently located at road level. Its position allows easy access to Purley Town Centre and railway station, both just a ten-minute walk away, offering excellent transport links for commuting and daily conveniences. Inside, the layout consists of an entrance hall leading to a ground-floor shower room. The living room showcases a bay window and fireplace that add character to the space, while the dining room features French doors opening onto a rear patio, perfect for outdoor relaxation. The kitchen/breakfast area is generously sized and complemented by a lean-to/utility space that offers access to both front and rear gardens. On the first floor, you’ll find four well-proportioned bedrooms along with a family bathroom and separate WC. The front garden is mainly laid to lawn, providing a welcoming approach to the property. The large, secluded rear garden features a paved patio area leading to an expansive lawn bordered by mature hedging—ideal for those with landscaping ideas or who wish to create additional outdoor entertaining spaces. This property has existing extension potential at both the rear and loft (subject to planning permission), allowing for further customization or increased value through future developments. Overall, this residence not only provides comfortable living but also opens up numerous possibilities for enhancement in a sought-after location.

Investment Analysis

(CR8 area)

Below Market Value

This property is priced -29.8% below area average per sq ft

-29.8%
Potential saving
This Property
£327/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£475
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£940,814
10% above area average per sq ft
Potential ROI
+49.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CR8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.5%
5 year growth: 1.1%
Investment Disclaimer: Analysis based on CR8 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

Higher Drive, Purley, CR8
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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
£2,198
Based on a loan of £450,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE