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Ridge Road, Sutton, London, SM3

London

£1,500,000
Listed on 21/04/2026

Property Details

Bedrooms
4
Type
Residential Development

Description

This property presents a development opportunity on a cleared site of 0.54 acres, previously occupied by a health clinic. The land is easily accessible via Ridge Road and is within walking distance to local amenities along London Road. For those commuting, the Modern Underground station is only a short cycle away, connecting you efficiently to central London destinations like Waterloo and London Bridge in around 25 minutes. With planning permission granted in July 2025 for the construction of nine houses (eight three-bedroom and one two-bedroom), encompassing a total of 10,656 square feet, this site is primed for redevelopment. The approved plan includes 12 parking spaces and designated areas for both private and community use, presenting potential for further optimization based on planning guidelines. Additionally, while it has secured residential planning consent, alternative uses such as a nursery or care home could also be explored with the appropriate permissions. It’s essential that prospective buyers undertake their own evaluations regarding the financial implications of the associated Community Infrastructure Levy (CIL) liability of approximately £191,000 as well as any other undertakings once the sale process begins.

Investment Analysis

(SM3 area)
Area Average
£546/sq ft
Avg Rent (weekly)
£412
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SM3)

Area prices are rising by +7.3% over the last 12 months
3 year growth: +2.9%
5 year growth: +15.4%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£5,351
Based on a loan of £1,125,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-21.1% since listed
£1,500,000£400,000(-21.1%)
07/11/2025
Current price
£1,900,000Initial listing
16/09/2025

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