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The Close, Purley

South East

£520,000
Listed on 17/04/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1292 sqft

Description

Nestled in a tranquil cul-de-sac, this four-bedroom semi-detached home presents an excellent opportunity for those seeking a renovation project. While the property is in need of comprehensive modernisation, it boasts significant potential for reconfiguration to align with contemporary living needs. The ground floor features a versatile space that can serve as an additional bedroom or study, complete with its own shower room—ideal for accommodating guests or enabling multi-generational living arrangements. The exterior includes a substantial brick-built outhouse, currently utilized as a snooker room, which could easily be transformed into a games room, home office, or workshop. An added advantage is the two spacious loft areas; one is fully boarded and ready to be adapted for extra storage or possible further development. With proximity to reputable schools and reliable transport links, this property offers a promising mix of location and investment potential.

Investment Analysis

(CR8 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£402/sq ft
Area Average
£469/sq ft
Avg Rent (weekly)
£446
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£666,188
10% above area average per sq ft
Potential ROI
+9.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by -7.0% over the last 12 months
3 year growth: +3.3%
5 year growth: -2.9%
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

The Close, Purley
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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
£1,842
Based on a loan of £390,000 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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