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Markfield Road, Caterham, CR3

South East

£390,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
977 sqft

Description

This detached three-bedroom former school house offers a rare opportunity for those looking to invest in a property with substantial potential. Set on a sizable garden plot of approximately 0.22 acres, the property boasts ample space for renovation and personalization. The internal layout spans around 977 sq ft (90.8 sq m) and includes an entrance hall, living room, dining room, kitchen, cloakroom, and storage areas. While the first floor features three bedrooms accompanied by a family bathroom, the entire home is currently in need of comprehensive modernization, making it ideal for buyers wanting to create a bespoke living environment. The generous size and detached status open possibilities for reconfiguring or even extending the building, subject to local planning permissions. Outside, the property is approached through a gated entry leading to off-street parking and an expansive mature garden that combines established trees, hedging, lawn spaces, and a decked seating area — all contributing to a tranquil outdoor atmosphere with excellent landscaping prospects. Conveniently located just 0.7 miles from Caterham Station and surrounded by picturesque countryside yet close to essential amenities, this property is perfect for those seeking both connectivity and character in their new home.

Investment Analysis

(CR3 area)

Below Market Value

This property is priced -10.6% below area average per sq ft

-10.6%
Potential saving
This Property
£399/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£358
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£479,907
10% above area average per sq ft
Potential ROI
-0.0%
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

Markfield 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
£1,473
Based on a loan of £292,500 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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