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Palmer Avenue, Cheam, Sutton, SM3 - Image 1
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Palmer Avenue, Cheam, Sutton, SM3

Yorkshire

£700,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1555 sqft

Description

Situated on a quiet and well-regarded street, this charming three-bedroom home presents an excellent opportunity for renovation and personalization. With a layout that invites creativity, the property includes two spacious reception areas, a kitchen, a conservatory, a family bathroom, and a separate WC. This configuration offers the potential to reconfigure the space according to individual preferences or modern standards. The generous rear garden is a noteworthy feature, providing ample outdoor space that could be transformed into an enjoyable retreat or landscaped as per future desires. Additionally, off-street parking at the front, coupled with an adjoining garage and utility area, offers further possibilities for expansion or improvement, subject to obtaining necessary planning consent. Location is another advantage of this property. It is conveniently located within reach of various local shops and excellent public transport links. Outdoor enthusiasts will appreciate proximity to Nonsuch Park, while families benefit from access to several highly regarded schools in the area. Given these features and the area's desirability, this property holds considerable investment potential for those looking to create a tailored family home or capitalize on its rental prospects. Early exploration of this unique opportunity is encouraged for those interested in shaping their ideal living space.

Investment Analysis

(SM3 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£450/sq ft
Area Average
£540/sq ft
Avg Rent (weekly)
£505
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£924,012
10% above area average per sq ft
Potential ROI
+24.9%
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, Sutton, 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
£2,564
Based on a loan of £525,000 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.

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