Elstead
South East
£425,000
Listed on 17/10/2026
Listed on 17/10/2026
The listing
Property details
Bedrooms
2Type
BungalowArea
686 sqftFeatures
- Garage
- Garden
- Parking
Description
This two-bedroom bungalow is set on the outskirts of Elstead, close to village amenities and nearby common and heathland. The property is described as needing updating and offers scope for improvement or extension, subject to any required consents. It has gas central heating and a re-tiled roof, according to the listing.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
34out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached bungalow has a clear improvement canvas: the photographed kitchen and bathroom are dated, living and bedroom finishes would benefit from updating, and the substantial rear garden needs clearing and restoring. The detached garage, driveway, gas central heating and stated re-tiled roof add useful foundations, while the listing mentions possible extension subject to consents, with no feasibility established.
The main drawback is the price: £425,000 works out at about £620 per sq ft, around 17% above the local average. The asking price plus the £45,000–£75,000 refurbishment range also leaves the indicative purchase-and-works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of the renovated value. The overall numbers make this a weak opportunity at the current asking price.
Key opportunities
- Refresh the dated kitchen and bathroom, and update the photographed living and bedroom finishes.
- Clear and improve the substantial rear garden, including attention to the weathered greenhouse, shed and covered structure.
- Explore the listing’s stated extension potential, subject to consents and a proper feasibility check.
Key risks
- At the £425,000 asking price, adding the £45,000–£75,000 refurbishment range puts the purchase-and-works cost well above the local benchmark for this floor area; this is not a post-works value forecast.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,606
Based on a loan of £318,750 over 30 years at 4.45% 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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