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Derwent Drive, Purley, CR8 1ES

South East

£600,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
570 sqft

Description

This spacious three-bedroom family residence offers significant renovation and investment potential, ideally located within walking distance of Riddlesdown Collegiate. The property presents an inviting layout with excellent scope for expansion (subject to planning permission), complemented by a private rear garden featuring tiered levels and elevated views. A garage and generous driveway allow for off-street parking of up to three vehicles, enhancing its appeal for families and commuters alike. Upon entering, you're greeted by a bright hallway that includes practical under-stairs storage. The ground floor consists of two separate reception areas; a dining room at the front with an attractive feature fireplace, and a back lounge offering an inviting atmosphere with another fireplace and sliding doors leading directly to the garden. The kitchen is fully tiled and equipped with ample wall and base units, featuring a built-in oven, electric hob, and plumbing for both washing machine and dishwasher. A door leads from the kitchen to the exterior. On the first floor, the layout comprises a spacious landing providing access to a generous loft space that could be transformed into an additional bedroom. Accommodation includes a sizeable master bedroom, another double bedroom, and a third smaller room highlighted by a unique corner window. The bathroom is fully tiled with modern fittings including a ‘P’ shaped bath with wall-mounted shower along with an adjacent WC. The beautifully maintained rear garden is ideal for outdoor living, beginning with a sizable paved patio area perfect for dining, transitioning into a lawn framed by lush hedges and established flowerbeds. At the top of the garden lies a timber-decked entertainment space under a pergola which boasts panoramic views of the surrounding landscape. This property not only offers immediate comfort but also invites creative transformation opportunities in an attractive suburban setting close to schools, parks, shops, and excellent transport links into Central London.

Investment Analysis

(CR8 area)

Above Market Value

This property is priced +126.2% above area average per sq ft

+126.2%
This Property
£1,053/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£448
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£291,774
10% above area average per sq ft
Potential ROI
-54.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by -4.8% over the last 12 months
3 year growth: +6.2%
5 year growth: +0.5%
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

Derwent Drive, Purley, CR8 1ES
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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
£2,141
Based on a loan of £450,000 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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