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London Road, Mitcham, CR4

South East

£250,000
Listed on 19/07/2025

Property Details

Bedrooms
2
Type
Flat
Area
792 sqft

Description

This first-floor flat presents a generous 792 square feet of living space, offering a solid foundation for those interested in renovation and investment opportunities. Comprising two spacious double bedrooms, the layout is designed to maximize comfort and functionality. The lounge, measuring an impressive 21.5 feet, serves as an inviting area for relaxation or social gatherings, while the 11.7-foot kitchen provides ample room for culinary endeavors. The property features separate facilities with a bathroom and a WC, which adds convenience to daily living. Although some modernization is needed, this flat offers significant potential for enhancement, allowing future owners to tailor the space to their preferences while benefiting from abundant storage options throughout. Situated within close proximity to Mitcham Town Centre and Colliers Wood High Street, residents will enjoy easy access to a variety of shops, restaurants, and essential services. Additionally, Mitcham Eastfields Station is just a brief walk away, enhancing connectivity for commuters. This location not only supports a vibrant lifestyle but also represents a promising investment opportunity in a developing area.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -37.0% below area average per sq ft

-37.0%
Potential saving
This Property
£316/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£436,471
10% above area average per sq ft
Potential ROI
+55.9%
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

London 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
£916
Based on a loan of £187,500 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