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Almond Way, Mitcham, CR4 1LP

South East

£475,000
Listed on 16/07/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1003 sqft

Description

This three-bedroom family home in Mitcham presents an excellent opportunity for renovation and investment. Situated on a tranquil, tree-lined street, the property boasts a spacious layout that allows for flexible living arrangements, catering to both families and individual buyers looking to customize their space. The interior offers ample room with the potential for modern updates and personal touches. The large garden is not only a great outdoor space but also presents opportunities for extension or landscaping improvements, subject to planning permission. Such enhancements could significantly increase the property's value in this appealing neighborhood. In terms of location, this home is well-positioned for access to a range of local amenities and green spaces. Mitcham Eastfields station is within easy reach, providing efficient transport links into central London, including direct services to Victoria and Blackfriars—ideal for commuters seeking convenience without sacrificing residential comfort. Residents can enjoy proximity to local shops, supermarkets, cafes, and restaurants. The area is also home to well-regarded schools such as St Mark’s Academy and Lonesome Primary School, making it suitable for families. Nearby parks like Mitcham Common and Figges Marsh offer expansive green spaces perfect for outdoor activities and leisurely strolls. This combination of features not only enhances the property's livability but also underlines its strong growth potential within this desirable part of South London. This home represents a compelling opportunity for those looking to invest in a property with significant upside potential while enjoying a welcoming community atmosphere.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -5.5% below area average per sq ft

-5.5%
Potential saving
This Property
£474/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£552,753
10% above area average per sq ft
Potential ROI
+3.3%
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

Almond Way, Mitcham, CR4 1LP
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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
£1,740
Based on a loan of £356,250 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