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Tankerton Terrace, Mitcham Road, Croydon, CR0 - Image 1
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Tankerton Terrace, Mitcham Road, Croydon, CR0 - Image 3
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Tankerton Terrace, Mitcham Road, Croydon, CR0 - Image 8
Tankerton Terrace, Mitcham Road, Croydon, CR0 - Image 9
Tankerton Terrace, Mitcham Road, Croydon, CR0 - Image 10

Tankerton Terrace, Mitcham Road, Croydon, CR0

South East

£350,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
947 sqft

Description

This two-bedroom mid-terrace house presents a promising opportunity for those looking to invest or create a space tailored to modern living. While the interior requires refurbishment, it offers a solid foundation on which to build your vision, making it particularly appealing for first-time buyers willing to undertake a renovation project. The ground floor layout encompasses an entrance hall, two reception rooms that can be reimagined for contemporary use, and a galley kitchen that opens up to the garden. Additionally, there is a convenient downstairs shower room. Upstairs, the two spacious double bedrooms include one with its own ensuite bathroom, complemented by another family bathroom on this level. Positioned in an area with easy access to Thornton Heath, Croydon, and Mitcham, the property also benefits from proximity to local amenities and transport links, enhancing its appeal as both a residence and an investment. The potential for future extension (subject to planning permission) adds further value to this property, catering to long-term growth. With no onward chain complicating the sale process, this house is ready for new owners who see its potential and are prepared to make it their own. This property truly embodies the chance to transform a dated space into something remarkable.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£370/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£462,306
10% above area average per sq ft
Potential ROI
+18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
112
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 3.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on CR0 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

Tankerton Terrace, Mitcham Road, Croydon, CR0
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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
£1,282
Based on a loan of £262,500 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