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Grasmere Road, Purley CR8

South East

£520,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1021 sqft

Description

Situated on a peaceful residential street in a sought-after area of Purley, this three-bedroom semi-detached property presents a valuable opportunity for those looking to invest in a home with significant potential. The house offers ample living space with a generous rear garden, making it an excellent option for families or individuals eager to personalize their environment. While the property has been well maintained over the years, it shows signs of needing modernization in certain areas, allowing future owners to enhance its appeal and functionality according to their specific tastes. The layout includes a welcoming front reception featuring a bay window and fireplace, leading into a dining room that opens through French doors to the mature garden. A spacious kitchen completes the ground floor setup. Upstairs, you will find two double bedrooms equipped with fitted cupboards, an additional single bedroom, and a newly installed family bathroom. Additional highlights include off-street parking and a single garage, along with a sizeable garden complete with patio and lawn areas perfect for outdoor gatherings. Purley is renowned for its excellent educational institutions and boasts convenient transport links to London, ideal for commuters. With easy access to major roadways as well as train services directly into central London, this location combines the charm of suburbia with urban accessibility.

Investment Analysis

(CR8 area)

Above Market Value

This property is priced +9.4% above area average per sq ft

+9.4%
This Property
£509/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£448
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£522,635
10% above area average per sq ft
Potential ROI
-7.5%
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
8%
Properties sold annually

Local Market Trend (CR8)

Area prices are falling by -4.8% over the last 12 months
3 year growth: +6.2%
5 year growth: +0.5%
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

Grasmere Road, Purley CR8
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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
£1,855
Based on a loan of £390,000 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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