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Michael Road, South Norwood

London

£450,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
House
Area
893 sqft

Description

Nestled in a tranquil cul de sac in South Norwood, this three-bedroom terraced property offers an excellent opportunity for buyers looking to invest in a home with character and renovation potential. Built in 1934 and held by the same family for nearly a century, this residence carries with it a rich history and has been maintained with care over the years. With the previous owner living until 103 years of age, this home has truly been a sanctuary. While the property is generally well-kept, there is considerable scope for modernization to suit contemporary tastes and lifestyle needs. The layout of the house is spacious, enhancing the possibility for reconfiguration or expansion, pending local planning approvals. Outside, you'll find inviting gardens at both the front and rear that provide ample space for relaxation or gardening pursuits. The elevated position offers lovely views over Croydon that enhance the home's appeal. Located in a quiet area with limited traffic, residents can enjoy a sense of community while being moments away from green spaces such as Whitehorse Meadow and Grangewood Park, as well as South Norwood Lake for leisurely outings. This property presents a unique blend of historical charm and modern investment potential, making it ideal for those ready to put their personal touch on their new home.

Investment Analysis

(SE25 area)

Above Market Value

This property is priced +3.4% above area average per sq ft

+3.4%
This Property
£504/sq ft
Area Average
£487/sq ft
Avg Rent (weekly)
£370
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£478,675
10% above area average per sq ft
Potential ROI
-4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SE25)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +3.0%
5 year growth: +8.1%
Investment Disclaimer: Analysis based on SE25 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

Michael Road, South Norwood
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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
£1,605
Based on a loan of £337,500 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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