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Fernlea Road, Mitcham CR4 - Image 1
Fernlea Road, Mitcham CR4 - Image 2
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Fernlea Road, Mitcham CR4 - Image 4
Fernlea Road, Mitcham CR4 - Image 5

Fernlea Road, Mitcham CR4

South East

£440,000
Listed on 09/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
893 sqft

Description

This three-bedroom freehold house offers a spacious layout and a private garden, making it an appealing option for those looking to invest or embark on homeownership. The property features three generously sized double bedrooms and a bright double reception room, providing ample space for comfortable living. The fully equipped kitchen opens directly onto the garden, creating opportunities for outdoor dining or potential landscaping enhancements. Additionally, a large bathroom adds to the practicality of the home. Positioned conveniently between Tooting and Streatham Common rail stations, this property offers excellent transport links for commuting to central London. Nearby Tooting Broadway tube station further enhances connectivity, while regular bus services provide additional travel options. The location is highly regarded due to its proximity to well-regarded schools and open green spaces, ideal for families and professionals alike. Given its structural integrity and desirable location, this house presents significant renovation potential that could enhance its value over time. With thoughtful updates and modernizations, investors may find this property a promising opportunity in a thriving neighborhood.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -1.7% below area average per sq ft

-1.7%
Potential saving
This Property
£493/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£492,132
10% above area average per sq ft
Potential ROI
+5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 7.8%
5 year growth: 12.9%
Investment Disclaimer: Analysis based on CR4 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

Fernlea Road, Mitcham CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,612
Based on a loan of £330,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE