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Cocksure Lane, Sidcup

South East

£1,500,000
Listed on 28/10/2024

Property Details

Bedrooms
3
Type
Detached
Area
1591 sqft

Description

This property offers a unique opportunity for cash buyers looking to invest in a versatile space with significant renovation potential. Situated on an expansive plot of approximately 8 acres, this detached family home comes with approved planning permission for a substantial double-storey extension (Planning Ref: 20/0313/FUL), allowing for further development to meet your needs. The residence features a large double garage and an office/annex that can be extended, making it ideal for various uses. In addition to the house, the site includes extensive equestrian facilities, such as up to 20 stables and floodlit sand school, alongside essential amenities like hay barns, tack room, and secure paddocks complete with water and power supply. The spacious grounds also provide ample parking. Inside the home, there's plenty of character with features like a traditional fireplace in the lounge and bespoke kitchen fittings. However, updates may be required in several areas including bathrooms and possibly some structural elements depending on the extent of planned renovations. The garden area is well-sized for outdoor activities or additional landscaping opportunities. Overall, this chain-free property presents exceptional value with the right vision and investment.

Investment Analysis

(DA14 area)

Above Market Value

This property is priced +97.6% above area average per sq ft

+97.6%
This Property
£943/sq ft
Area Average
£477/sq ft
Avg Rent (weekly)
£403
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£835,060
10% above area average per sq ft
Potential ROI
-47.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DA14)

Area prices are falling by -8.4% over the last 12 months
3 year growth: -0.4%
5 year growth: -0.2%
Investment Disclaimer: Analysis based on DA14 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

Cocksure Lane, Sidcup
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,313
Based on a loan of £1,125,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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