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Rosemead Avenue, Mitcham

South East

£495,000
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom home, featuring two reception areas and a separate kitchen, is situated in a desirable residential neighborhood of South London. While the property currently requires modernization, this presents an excellent opportunity for buyers looking to tailor their living space to their preferences or for investors aiming to capitalize on its renovation potential. The surrounding area boasts commendable amenities, including reputable local schools and ample green spaces such as Mitcham Common. Commuters will appreciate the proximity to Mitcham Eastfields station, which offers direct rail connections to key London locations including Balham and Victoria. This convenient access enhances the property’s appeal to both families and working professionals seeking to balance urban accessibility with residential comfort. Given the robust rental market in this part of South London, there is significant potential for value appreciation through thoughtful upgrades. Whether you're considering a personalized family dwelling or looking for a solid investment opportunity, this property stands out as a noteworthy option worth exploring further.

Investment Analysis

(CR4 area)
Area Average
£507/sq ft
Avg Rent (weekly)
£458
Avg Yield
5.9%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
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

Rosemead Avenue, Mitcham
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