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Palmer Avenue, Cheam, SM3

Yorkshire

£675,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1548 sqft

Description

This semi-detached chalet-style home features three bedrooms and offers a solid foundation for those seeking a property with renovation potential. Nestled in a desirable area, the house has been well-maintained by its current owner but is now ready for fresh ideas and updates to make it your own. Upon entering, you’ll find a welcoming entrance hall that leads to the front reception room and the third bedroom—perfect as a guest room or home office. The main living space includes a second reception room, kitchen, and a bathroom at the rear of the property. A conservatory extension adds versatility to the layout, providing an enjoyable space for relaxation and easy access to the southerly-facing garden. Upstairs are two generously sized double bedrooms, including one with an adjoining dressing room and ensuite shower room. This configuration presents opportunities for modernization or expansion, allowing new owners to enhance their living experience. The property also offers practical features such as double glazing, gas central heating, a garage, and off-street parking—elements that not only ensure comfort but also improve overall value. Given its location within a sought-after neighborhood, this home stands as a promising investment opportunity for those looking to capitalize on renovation projects in a vibrant community.

Investment Analysis

(SM3 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£436/sq ft
Area Average
£541/sq ft
Avg Rent (weekly)
£475
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£67,500 - £168,750
10-25% of property value
Target Value
£921,555
10% above area average per sq ft
Potential ROI
+9.2%
After renovation
Monthly Sales
11
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SM3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 3.4%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on SM3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Palmer Avenue, Cheam, SM3
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