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Devonshire Way, Shirley, Croydon, CR0 - Image 1
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Devonshire Way, Shirley, Croydon, CR0 - Image 9

Devonshire Way, Shirley, Croydon, CR0

South East

£525,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
806 sqft

Description

This detached bungalow offers an exciting renovation opportunity for those looking to create a personalized living space. With two spacious bedrooms and a double-fronted design, it stands on a prominent plot that has potential for extension, pending the usual planning permissions from Croydon Council. The property requires full refurbishment, allowing you to reimagine its interior according to your tastes and preferences. The layout includes an inviting entrance hall leading into a generous living room, which features double-glazed windows providing ample natural light. The kitchen is equipped with a range of fitted wall and base units and includes dual-aspect windows and access to a lean-to at the rear. This area boasts double doors opening up to the expansive garden, making it an ideal spot for future entertaining or relaxation spaces. Both bedrooms feature charming leaded light bay windows and coved ceilings, adding character to the rooms. The bathroom is functional, with half-tiled walls around the bath area complemented by a separate WC nearby. Outside, the property benefits from significant outdoor space. The rear garden extends approximately 45 feet, featuring a flagstone patio area that leads onto a predominantly lawned garden bordered by established shrubs. A garden shed provides additional storage options. To the front, there’s a well-maintained lawn complemented by shrubbery. Driveway parking is available for multiple vehicles in tandem style, adding convenience for residents and guests alike. Located just a short walk from Devonshire Way, this property is well-positioned near various local amenities. Residents can enjoy easy access to shops and bus routes along Wickham Road as well as the vibrant offerings of West Wickham High Street, which features an array of shops, restaurants, and cafes. Additionally, East Croydon Train Station is within reach, providing quick services to central destinations like Victoria and London Bridge. This bungalow presents not only a chance to create your dream home but also strong investment potential within an appealing community setting in Croydon.

Investment Analysis

(CR0 area)

Above Market Value

This property is priced +46.8% above area average per sq ft

+46.8%
This Property
£651/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£393,473
10% above area average per sq ft
Potential ROI
-36.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
112
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 3.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on CR0 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

Devonshire Way, Shirley, Croydon, CR0
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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
£1,923
Based on a loan of £393,750 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