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Parsons Mead, East Molesey, Surrey, KT8

London

£1,200,000
Listed on 08/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1469 sqft

Description

This detached residence presents a compelling redevelopment opportunity in a prime area of East Molesey. Originally granted planning permission in 2020 for extensive expansion across both the ground and upper floors, this permission has since lapsed but could potentially be renewed with the appropriate applications. The current owner has also acquired additional land adjacent to the property, which may allow for a redefined entry address along Palace Road once redevelopment is underway. Inside, the home features a kitchen/breakfast area equipped with essential appliances, linked to a spacious reception room that includes a fireplace and flows into a conservatory. Completing the ground floor are a convenient guest WC and storage space. The upper level consists of three well-sized bedrooms fitted with built-in wardrobes alongside a family bathroom. The exterior encompasses a wrap-around garden that offers privacy from the street, complemented by a paved driveway leading to an integrated garage for off-street parking. With no onward chain, this property is primed for an investor looking to capitalize on its redevelopment potential in an enviable location, just moments from local amenities and transport links into central London.

Investment Analysis

(KT8 area)

Above Market Value

This property is priced +38.4% above area average per sq ft

+38.4%
This Property
£817/sq ft
Area Average
£590/sq ft
Avg Rent (weekly)
£374
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£953,785
10% above area average per sq ft
Potential ROI
-26.6%
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

Parsons Mead, 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
£4,396
Based on a loan of £900,000 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