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Gravelly Hill, Caterham CR3

South East

£650,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1244 sqft

Description

This is a distinctive chance to acquire a two-bedroom detached bungalow nestled on a tranquil road in Caterham, offering breathtaking panoramic views at the rear. The property requires extensive modernization, presenting an exceptional opportunity for buyers to craft a customized living space that aligns with their personal style and needs. The spacious plot and flexible layout provide significant potential for expansion or reconfiguration, subject to the necessary planning permissions, which could enhance both the living area and overall property value. With no onward chain, it represents an ideal project for developers, investors, or owner-occupiers aiming to invest in a highly sought-after locale. The grounds span nearly three-quarters of an acre, positioned on a gentle slope. Access is gained from the top of the site where you will find a driveway alongside a double car barn. Two pathways wind down to the centrally located home. A striking water feature highlights the main staircase, while another path leads to two exceptional viewing spots that maximize the picturesque setting. Surrounding the house is a flat lawn area suitable for daily use, complemented by mature trees and woodland that stretch towards the lower part of the plot, providing a serene and private atmosphere. Situated on Gravelly Hill, this residential street is ideally located close to Caterham School and popular viewpoints offering unobstructed vistas across the Surrey Hills. The property is approximately 1.5 miles from Caterham Town Centre which has various shopping options including Waitrose and Morrisons supermarkets. Caterham Railway Station provides regular services to London Bridge and Victoria in about 45 minutes, while Junction 6 of the M25 is around 2.6 miles away facilitating convenient access to major motorways and both Heathrow and Gatwick airports.

Investment Analysis

(CR3 area)

Above Market Value

This property is priced +16.4% above area average per sq ft

+16.4%
This Property
£523/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£352
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£614,480
10% above area average per sq ft
Potential ROI
-17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CR3)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +3.7%
5 year growth: +3.5%
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

Gravelly Hill, Caterham CR3
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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
£2,319
Based on a loan of £487,500 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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