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Melville Avenue, South Croydon, CR2 - Image 1
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Melville Avenue, South Croydon, CR2

South East

£900,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1603 sqft

Description

This detached bungalow, located on the desirable Melville Avenue, presents a compelling opportunity for buyers looking to invest in a property with significant renovation potential. Available chain-free, this residence offers a chance to personalize and modernize according to your preferences. The front garden is complemented by a driveway leading to the garage, enhancing convenience right from the entrance porch that welcomes you into a spacious hall featuring built-in storage. A generously sized double bedroom at the front boasts natural light from an expansive bay window, alongside fitted wardrobes and a wash basin, while an adjoining shower room remains in good condition. The property includes an exceptionally spacious master bedroom with views over the secluded garden and two built-in wardrobes, paired with a well-sized family bathroom featuring both bath and separate shower facilities. The kitchen offers ample space with access to the outdoor areas and a pantry for additional storage. A separate dining room provides flexibility in layout options, while the large rear reception room captures natural light through its bay window overlooking the beautifully maintained garden. Additionally, a bright lean-to adds further light, accessible from both key living spaces. The mature rear garden offers privacy and serves as an ideal outdoor retreat with easy access via side gates. Located conveniently for families and commuters alike, you'll find excellent green spaces, reputable schools, local amenities, and transport links close at hand. Importantly, this property holds enormous potential throughout—its expansive loft could provide options for further development or reconfiguration (subject to planning permission). With flexible accommodation that invites redesigning of the interior layout, this bungalow represents a fantastic opportunity to create a custom home in this sought-after area.

Investment Analysis

(CR2 area)

Above Market Value

This property is priced +20.8% above area average per sq ft

+20.8%
This Property
£561/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£372
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£819,317
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR2)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +1.0%
5 year growth: +4.6%
Investment Disclaimer: Analysis based on CR2 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

Melville Avenue, South Croydon, CR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,211
Based on a loan of £675,000 over 30 years at 3.97% 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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