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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 -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£436/sq ft
Area Average
£540/sq ft
Avg Rent (weekly)
£505
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£919,853
10% above area average per sq ft
Potential ROI
+32.4%
After renovation
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

Palmer Avenue, Cheam, 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
£2,473
Based on a loan of £506,250 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