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Gorringe Park Avenue, Mitcham, CR4 - Image 1
Gorringe Park Avenue, Mitcham, CR4 - Image 2
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Gorringe Park Avenue, Mitcham, CR4

South East

£525,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1026 sqft

Description

This three-bedroom house represents a valuable opportunity for those interested in a property with both character and potential for renovation. Located on the sought-after Gorringe Park Avenue, the home is positioned within a welcoming residential neighborhood, known for its strong community atmosphere and proximity to local amenities. Spanning around 1,000 sq. ft., the property showcases a thoughtful layout that effectively balances traditional charm with the possibility of modern enhancements. The ground floor features two well-lit reception rooms that have been opened up to create an adaptable living and dining area, perfect for both day-to-day life and entertaining guests. The galley kitchen, while functional, presents an excellent chance for updating or redesigning to better suit contemporary tastes. This space flows seamlessly into a south-facing garden, providing an inviting outdoor area that could be transformed into your personal haven. Upstairs, the home offers three generously sized bedrooms that benefit from ample natural light and storage solutions. The family bathroom is both practical and spacious, leaving room for upgrades or personal touches by the new owner. Gorringe Park Avenue itself is lined with trees and provides easy access to public transport links via Tooting and Mitcham Eastfields stations, making commuting into Central London straightforward. Additionally, nearby shops, cafes, parks, and schools enhance this location’s appeal—catering not only to families but also to professionals seeking convenience. While this home has been lovingly maintained over the years, it is ready for its next chapter. Investors or buyers willing to undertake renovations will find significant potential to increase value through updates and personal customization. Early viewings are advisable to appreciate its possibilities fully.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +2.1% above area average per sq ft

+2.1%
This Property
£512/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£565,429
10% above area average per sq ft
Potential ROI
+1.9%
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

Gorringe Park Avenue, 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
£1,923
Based on a loan of £393,750 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