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Ridge Road, Sutton, London, SM3 - Image 1
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Ridge Road, Sutton, London, SM3

London

£1,500,000
Listed on 17/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a cleared and vacant 0.54-acre plot, previously home to a health clinic that has since been demolished, presenting a blank canvas for future redevelopment. With direct vehicular access from Ridge Road, the site is well-positioned for various development possibilities. Situated in a residential area of Sutton, the location provides convenient access to local amenities. Shops and services on London Road are within walking distance, enhancing day-to-day living needs for potential future residents or users. Additionally, Modern Underground station is just a short ten-minute cycle away, providing efficient transport links to central London destinations like Waterloo and London Bridge in approximately 25 minutes. The property comes with an approved planning resolution (reference: DM2024/01252) for the construction of nine houses—eight three-bedroom units and one two-bedroom unit—totaling around 10,656 square feet. The proposed plan includes 12 parking spaces along with both private and public amenity areas, offering a well-rounded living environment. There is also potential for further optimization of the development plan pending appropriate approvals. Important to note, the forthcoming planning permission will be accompanied by a unilateral undertaking with the local council, which will be finalized post-sale agreement and open to buyer's input. A Community Infrastructure Levy (CIL) liability estimated at approximately £191,000 applies, so potential buyers should conduct their own evaluations regarding costs. While the current consent is primarily residential in nature, this site may also be suitable for alternative uses such as a nursery or care home—subject to obtaining all necessary permissions—making it an appealing option for investors looking to explore diverse opportunities in a growing area.

Investment Analysis

(SM3 area)
Area Average
£540/sq ft
Avg Rent (weekly)
£505
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SM3)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 4.4%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on SM3 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

Ridge Road, Sutton, London, SM3
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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
£5,495
Based on a loan of £1,125,000 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