We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom bungalow · SM7 1HD
For saleListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Securing this property with A lifetime leaseover 60s can secure this property with a home for life from homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over 60s customers typically save between from 20% to 50%*.
Home for Life Plan guide price for overs 60s: The Lifetime Lease price for this property is £561,500 based on an average saving of 33%.
Market Value Price: £850,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the homewise website. Please call for more information or a personalised quote.
Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £850,000, please contact the estate agent Cubitt & West.
Property DESCRIPTIONOccupying a substantial plot at the entrance to one of Nork's most desirable tree-lined roads, this detached chalet bungalow presents a rare opportunity to acquire a home with exceptional potential in a highly sought-after location.
The road is renowned for its impressive detached properties, many of which have been extensively enlarged and transformed into exclusive forever homes.
Having been cherished by owners for many years, properties in this location rarely become available, making this an exciting prospect for buyers looking to create something truly special.
The accommodation is both spacious and versatile, arranged over two floors and offering flexibility to suit a variety of lifestyles.
The majority of the living space is currently situated on the ground floor, comprising three generous reception rooms, two well-proportioned bedrooms, a large kitchen and an accessible shower room.
Upstairs, there are two further bedrooms, linked to one another, which lead through to an en-suite bathroom.
Whilst perfectly comfortable as it stands, the property offers enormous scope for enhancement, reconfiguration and extension, subject to the necessary consents.
One of the home's most impressive features is the generous plot. The rear garden is large, level and beautifully private, providing plenty of space for family life, entertaining or future development.
A superb patio area offers the perfect spot to relax and enjoy the sunshine, while the frontage provides additional gardens, a driveway with parking for several vehicles, a useful car port and convenient side access.
The combination of location, plot size and potential is truly exceptional.
In the right hands, this property could be transformed into a sensational family home that takes full advantage of its prestigious setting.
Situated in the highly regarded Nork area of Banstead, the property enjoys a fantastic balance of convenience and community.
Banstead railway station and a local parade of shops are within walking distance, with amenities including a Co-op, newsagents, Post Office, takeaway outlets and several well-regarded restaurants, including the popular Galu.
Families are particularly well served by the excellent local schooling, with The Beacon School, Warren Mead Infant School and Warren Mead Junior School all nearby.
Just a short drive from Banstead Village, residents can enjoy everything that makes the village such a desirable place to live.
Offering a library, community centre, social club, traditional pubs, an excellent variety of restaurants, coffee shops and independent retailers, alongside Waitrose and Tesco Express, Banstead caters for everyday needs and much more.
The village is known for its strong community spirit, with popular seasonal events, festive celebrations and the annual May Parade attracting visitors from across the surrounding area.
It is this unique blend of community, convenience and lifestyle that continues to make Banstead one of Surrey's most sought-after locations.
Room sizes: Entrance Hall Lounge 19'9 x 11'9 (6.02m x 3.58m) Sitting Room 18'5 x 12'5 (5.62m x 3.79m) Dining Area 11'5 x 10'6 (3.48m x 3.20m) Kitchen 12'2 x 11'6 (3.71m x 3.51m) Study 8'10 x 8'8 (2.69m x 2.64m) Store Room 11'3 x 8'1 (3.43m x 2.47m) Bedroom 1 16'6 x 13'10 (5.03m x 4.22m) Bedroom 2 10'0 x 9'4 (3.05m x 2.85m) Shower Room Landing Bedroom 4 14'4 x 10'11 (4.37m x 3.33m) - Leading into Bedroom 3 14'10 x 9'2 (4.52m x 2.80m) - Leading into En-suite Shower Room Front Garden Driveway Carport Rear Garden The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale. We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Council Tax band: F Tenure: Freehold Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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