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Crescent Road, Caterham, Surrey, CR3

South East

£300,000
Listed on 06/02/2026

Property Details

Bedrooms
4
Type
Detached

Description

This is an exceptional opportunity to acquire an elevated plot that comes with granted planning permission for the construction of a bespoke chalet bungalow, spanning a generous 2124 sq ft. The approved design has been thoughtfully crafted to harmonize with the surrounding area, offering significant potential for investors and developers alike. The planning permission was notably secured at appeal, ensuring a streamlined path to development (reference: APP/M3645/W/24/3357039). Interested parties can access the detailed plans and conditions through the Tandridge planning portal, providing transparency and confidence in this investment. Nestled in a secluded location, the plot boasts picturesque views over the valley while being conveniently just minutes away from Caterham's train station and town centre. Current amenities include a garage and roadside parking. The local area is well-equipped with various shops including Waitrose, Morrisons, and Lidl, alongside dining options such as pubs and cafes. Families will appreciate the access to esteemed educational institutions like St. Johns School and Caterham School. The nearby Caterham station offers direct rail links to London, complemented by local bus services for further connectivity. For leisure enthusiasts, there's an array of sports clubs and recreational facilities available, not to mention the beautiful landscapes of the Surrey Hills that surround the area and offer rich outdoor experiences. A Community Infrastructure Levy (CIL) charge of approximately £38,739.43 is applicable; however, should you consider a self-build project, there may be options to apply for reductions on this fee. Potential buyers are encouraged to conduct thorough due diligence regarding all aspects of this site.

Investment Analysis

(CR3 area)
Area Average
£449/sq ft
Avg Rent (weekly)
£373
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (CR3)

Area prices are rising by +8.5% over the last 12 months
3 year growth: +3.7%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on CR3 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

Crescent Road, Caterham, Surrey, CR3
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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
£1,082
Based on a loan of £225,000 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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