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Hillcrest Road, Purley

South East

£725,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1155 sqft

Description

Located in the desirable area of West Purley, this detached bungalow presents a prime opportunity for those looking to invest in a property with significant potential. Set on a spacious level plot with an expansive rear garden exceeding 27 meters, the property is ideal for families or individuals interested in extending or developing (subject to planning permission). A large driveway provides ample parking and side access, leading to a generous reception room filled with natural light through sliding doors opening into the garden. The separate garage offers great storage options or the possibility for conversion. Inside, the bungalow features three well-sized bedrooms and a fully tiled bathroom, all providing comfortable living space while leaving room for thoughtful updates. Conveniently situated near Purley town centre and excellent schools such as Wilsons, this home combines immediate livability with promising renovation prospects.

Investment Analysis

(CR8 area)

Above Market Value

This property is priced +34.8% above area average per sq ft

+34.8%
This Property
£628/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£457
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£591,545
10% above area average per sq ft
Potential ROI
-24.6%
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
20%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by -8.8% over the last 12 months
3 year growth: +2.8%
5 year growth: -3.7%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,615
Based on a loan of £543,750 over 30 years at 4.06% 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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