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Hillcrest Road, Purley

South East

£750,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1155 sqft

Description

Nestled in the desirable neighborhood of West Purley, this detached bungalow presents a commendable opportunity for renovation and investment. Set along a tranquil tree-lined road, the property occupies a substantial level plot, featuring an expansive rear garden that extends over 27 meters—ideal for families or those considering future extensions or development (subject to planning permission). Upon arrival, you are greeted by a generous driveway with side access leading to the home. The spacious reception room is designed to maximize natural light, thanks to sliding doors that connect seamlessly with the garden. This open space provides a comfortable area for everyday living while also offering potential for modern updates. The interior of the bungalow includes three well-sized bedrooms and a fully tiled bathroom, allowing for immediate habitation while simultaneously presenting various options for enhancements or redesigns. Additionally, a separate garage adds valuable storage space and could be reconfigured to suit different needs. The location is particularly advantageous—just a short distance from Purley town center and within easy reach of highly regarded schools such as Wilsons. This property not only offers immediate comfort but also holds exciting prospects for those interested in enhancing its value through renovation or development.

Investment Analysis

(CR8 area)

Above Market Value

This property is priced +39.2% above area average per sq ft

+39.2%
This Property
£649/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£475
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£592,498
10% above area average per sq ft
Potential ROI
-27.7%
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

Hillcrest Road, Purley
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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
£2,747
Based on a loan of £562,500 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