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Northey Avenue, Cheam, Sutton, SM2

London

£1,000,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1647 sqft

Description

Nestled in a highly sought-after area, this detached bungalow presents an excellent opportunity for renovation and expansion, ideally located just under a mile from the amenities of Cheam Village. The property benefits from a generous plot, featuring a south-facing garden that offers ample sunlight throughout the day, making it ideal for outdoor enhancements or landscaping projects. The layout includes an entrance porch leading into a sizable reception hall with a cloakroom/WC, alongside an expansive dual-aspect living/dining room with direct access to the garden. The kitchen, family bathroom, two double bedrooms, and a principal bedroom with an en-suite and garden access provide functional spaces ripe for modern updates. Additional features include an extensive front driveway for off-road parking and a substantial double garage. With its proximity to local schools and transport links, this property is poised for significant investment potential—whether through updating the existing interiors or expanding upon its footprint with appropriate permissions.

Investment Analysis

(SM2 area)

Above Market Value

This property is priced +21.2% above area average per sq ft

+21.2%
This Property
£607/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£378
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£907,390
10% above area average per sq ft
Potential ROI
-14.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (SM2)

Area prices are falling by -12.6% over the last 12 months
3 year growth: -3.6%
5 year growth: -5.2%
Investment Disclaimer: Analysis based on SM2 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

Northey Avenue, Cheam, Sutton, SM2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,607
Based on a loan of £750,000 over 30 years at 4.06% 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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