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Lodge Hill, Purley

South East

£650,000
Listed on 10/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1428 sqft

Description

This substantial detached bungalow presents a unique opportunity for renovation and investment in a sought-after neighborhood. With over 1,420 sq. ft. of flexible living space, the property serves as a blank canvas, inviting creativity and customization to create a personalized home that meets modern needs. The interior features four well-sized bedrooms, including a master suite with an en-suite bathroom for added privacy. Two spacious reception rooms offer various options for layout and functionality, while the kitchen/dining area provides ample space for family gatherings and daily meals. A conservatory further enhances the living space, allowing natural light to fill the home and offering views of the outdoor area. The property boasts a mature rear garden complete with a patio and lawn, ideal for relaxation or entertaining guests. The sizable driveway and garage add to the convenience of this home, providing essential off-street parking. Situated in an area with excellent transport connections, residents will benefit from nearby bus routes and easy access to Reedham train station within walking distance. This attractive location combines accessibility with tranquility—a perfect blend for those seeking comfort while being well-connected to local amenities. With potential for further expansion (subject to planning permission), whether you are looking to invest or create your dream home, this bungalow offers significant promise in both renovation opportunities and enhancing living spaces.

Investment Analysis

(CR8 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£455/sq ft
Area Average
£468/sq ft
Avg Rent (weekly)
£468
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£735,291
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by +4.3% over the last 12 months
3 year growth: 3.8%
5 year growth: 0.4%
Investment Disclaimer: Analysis based on CR8 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

Lodge Hill, Purley
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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
£2,381
Based on a loan of £487,500 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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