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Denham Crescent, Mitcham CR4 - Image 1
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Denham Crescent, Mitcham CR4

South East

£400,000
Listed on 07/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
613 sqft

Description

This 2-bedroom house offers a solid foundation for those looking to invest in a property with considerable renovation potential. Located in proximity to Cricket Green, the home benefits from convenient access to both Mitcham Tram and Mitcham Junction train station, which enhances connectivity to central London. Upon entry, you are greeted by a through lounge diner that creates an open and flexible living space. This layout not only allows for comfortable daily living but also sets the stage for entertaining guests. While the interior may need updates—particularly in terms of fixtures and decor—this provides an opportunity for buyers to infuse their personal style into the home. The kitchen, although dated, presents significant potential for modernization. With thoughtful renovations involving new appliances, countertops, and cabinetry, this area can be transformed into a practical and aesthetically pleasing culinary space that meets contemporary needs. Upstairs, you will find two bedrooms that can comfortably accommodate residents or guests. The rooms are well-sized and could be reimagined to enhance functionality or comfort according to your vision. The rear garden serves as a private outdoor retreat, offering opportunities for landscaping or creating leisure spaces that complement the indoor living areas. In summary, this property is ripe with possibilities for those interested in transforming a traditional 2-bedroom home into a modern dwelling. Its advantageous location near essential amenities and transport links further underscores its investment appeal within the market.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +28.8% above area average per sq ft

+28.8%
This Property
£653/sq ft
Area Average
£507/sq ft
Avg Rent (weekly)
£458
Avg Yield
5.9%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£341,735
10% above area average per sq ft
Potential ROI
-31.7%
After renovation
Monthly Sales
19
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +9.1% over the last 12 months
3 year growth: 8.9%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on CR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Denham Crescent, Mitcham CR4
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