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Upper Springfield, Elstead

South East

£550,000

Listed on 22/09/2026

The listing

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1106 sqft

Description

This detached bungalow in the sought-after village of Elstead presents a unique opportunity for buyers looking to create their ideal home. With flexible accommodation, the property currently features two bedrooms, but there is potential to reinstate a third bedroom by adding a stud wall in the entrance hall. The separate kitchen leads to a practical utility space, while the spacious reception room opens directly onto the generous rear garden. The exterior boasts substantial gardens both front and back, along with off-street parking and a detached garage. The plot's size offers exciting potential for extension and remodeling, especially considering nearby properties have undergone significant redevelopment. Planning permission has recently been granted for alterations at another bungalow on Upper Springfield, indicating a favorable environment for similar proposals at this property, subject to necessary consents. Located approximately 0.7 miles from the popular St James primary school and surrounded by beautiful Surrey countryside, this bungalow provides a rare chance to invest in a long-term home in a desirable area. With no onward chain, this property is ready for new owners to explore its full potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

53out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This detached bungalow in the desirable village of Elstead presents a solid opportunity for buyers seeking a project. Priced at £550,000, which is 5.9% below the local average at £497/sqf, this property offers a reasonable entry point into the market. However, the overall economics appear tight, with all-in costs estimated at £610,000 against a local benchmark of £584,687. While there is some flexibility in the accommodation and considerable potential for extension and remodeling, the dated interiors may deter some buyers.

The generous plot and good-sized gardens enhance the appeal, providing ample outdoor space that can be enjoyed while you plan your renovations. The home features a separate kitchen and a spacious reception room leading to the garden, alongside two bedrooms with the option to easily reinstate a third. The lack of onward chain adds a level of convenience for prospective buyers. Overall, this property is ideal for those looking to tailor a home to their preferences, but the financial metrics warrant careful consideration before proceeding.

Key opportunities

  • Good-sized plot with generous front and rear gardens
  • Flexible accommodation allows for easy reconfiguration to a third bedroom or home office
  • Potential for significant extensions and remodeling, subject to planning permissions

Key risks

  • Dated interior may require substantial updates to meet modern standards
  • Planning permission needed for any desired extensions or alterations
  • Medium-scale renovation project that could exceed budget if not managed carefully

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Map

Location

Upper Springfield, Elstead
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 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.

Tax

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