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Palace Road, East Molesey, Surrey, KT8

London

£1,900,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
2390 sqft

Description

This three-bedroom home is situated on the sunlit side of Palace Road in East Molesey, presenting a unique opportunity for those looking to invest in a property with significant renovation potential. The house offers a solid foundation, making it an ideal candidate for customization and modern updates that can elevate its overall appeal. One of the standout features of this property is the existing planning permission (Elmbridge: 2023/3224) for a spacious kitchen and dining extension, covering approximately 45 square meters. This planned addition not only enhances the living space but also adds considerable value to the home, making it an attractive option for potential buyers who appreciate open-concept living. The surrounding neighborhood boasts various amenities, including parks, shops, and schools, contributing to a welcoming community atmosphere. Its location provides convenient access to public transport links, making commuting to London and other nearby areas straightforward. Overall, this property is a promising investment for anyone looking to create their ideal living space while benefiting from the potential for increased equity through thoughtful renovations. An internal viewing is highly recommended to fully appreciate the possibilities that await.

Investment Analysis

(KT8 area)

Above Market Value

This property is priced +34.7% above area average per sq ft

+34.7%
This Property
£795/sq ft
Area Average
£590/sq ft
Avg Rent (weekly)
£374
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,551,767
10% above area average per sq ft
Potential ROI
-21.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (KT8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -6.5%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on KT8 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

Palace Road, East Molesey, Surrey, KT8
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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
£6,960
Based on a loan of £1,425,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE