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Purley, Croydon CR8 - Image 1
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Purley, Croydon CR8

South East

£970,000
Listed on 26/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable opportunity for redevelopment, with existing approvals in place for the demolition of the current residence and the construction of multiple new homes. The plans include a two-storey, five-bedroom house alongside two detached one-and-a-half-storey four-bedroom homes situated within the garden area. Each proposed dwelling is designed to feature dedicated parking spaces and secure bicycle storage, aligning with modern living requirements. The site comprises approximately 1,950 square meters and features a gentle slope from the front to the rear. Existing trees along the boundaries offer privacy and contribute to an appealing natural environment. Access to the site is conveniently located directly off a quiet residential road, enhancing its attractiveness for future inhabitants. In terms of location, this property benefits from proximity to local transportation options, being just a 20-minute walk from Reedham station. Additionally, there are bus services available nearby on Woodcote Valley Road and Woodcote Grove Road. Essential amenities can be found along Brighton Road, with Coulsdon offering a wider range of services roughly 1.5 kilometers away—an approximate 20-minute walk. For further transport links, both Coulsdon and Purley stations are easily accessible by bike. With strong demand for housing in this area and approved plans already secured, this property offers significant investment potential. For those looking to capitalize on development opportunities in a growing neighborhood, this site merits serious consideration. Relevant documents are available upon request for interested parties looking to explore this project further.

Investment Analysis

(CR8 area)
Area Average
£466/sq ft
Avg Rent (weekly)
£475
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CR8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.5%
5 year growth: 1.1%
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

Purley, Croydon CR8
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,553
Based on a loan of £727,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE