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Spencer Road, Caterham, CR3

South East

£475,000

Listed on 08/06/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
934 sqft

Description

This two/three-bedroom semi-detached home is being offered without a chain, providing an excellent opportunity for buyers eager to customize and enhance a property. Currently configured, the house features a spacious master bedroom that merges two original bedrooms, alongside a comfortably-sized rear double bedroom, with the family bathroom conveniently located to serve all sleeping areas. The ground floor boasts an open-plan design that integrates the lounge, dining space, and kitchen into a cohesive area ideal for family living and entertaining. This inviting layout extends into a bright conservatory that brings in ample natural light while offering picturesque garden views. There is significant potential here for personal renovation, reconfiguration of spaces, or even expansion (pending local planning permissions), enabling future owners to fully realize their vision for this property. Outside, you will find a generous level garden that suits both family activities and outdoor gatherings. A hard-standing patio area facilitates alfresco dining or morning coffee breaks, while established planted borders contribute charming aesthetics. The remainder of the garden is predominantly lawned, serving as either a safe play area for children or an inviting blank canvas for gardening enthusiasts. Fronting the property is off-street parking space sufficient for at least two vehicles on its practical driveway. Situated in a desirable residential neighborhood, this location ensures convenient access to schools, shopping amenities, and transport connections—ideal for families and commuters alike. With its flexible floor plan, expansive plot, and promising renovation prospects, this property awaits new owners eager to make it their own.

Investment Analysis

(CR3 area)

Above Market Value

This property is priced +13.9% above area average per sq ft

+13.9%
This Property
£509/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£358
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£458,785
10% above area average per sq ft
Potential ROI
-10.9%
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
9%
Properties sold annually

Local Market Trend (CR3)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +1.0%
5 year growth: +2.5%
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

Spencer Road, Caterham, CR3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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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