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Hill Road, Mitcham, CR4

South East

£500,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
832 sqft

Description

This three-bedroom mid-terrace house is positioned on a peaceful residential street that marks the transition between Streatham and Tooting. Its location provides easy access to essential amenities, including Mitcham Eastfields Train Station, Mitcham Town Centre, Figges Marsh, and the vibrant offerings of Tooting, making it a strategic choice for both homeowners and investors. Inside, the property features two spacious reception rooms on the ground floor, accompanied by a galley kitchen that overlooks the garden—a practical layout with potential for modernization. The first floor comprises two generous double bedrooms, a single bedroom, a family bathroom, and loft access. The home offers substantial renovation potential, allowing buyers to customize and enhance their living space according to personal tastes or investment strategies. There is also an opportunity for expansion into the loft and rear of the property (subject to planning permission), which could significantly increase its value. Further advantages include proximity to local amenities and no onward chain, streamlining the purchasing process. This property is not only an inviting prospect for those looking to create their dream home but also represents a promising investment opportunity in an area with strong rental demand.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +20.0% above area average per sq ft

+20.0%
This Property
£601/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£458,515
10% above area average per sq ft
Potential ROI
-15.1%
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

Hill 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
£1,832
Based on a loan of £375,000 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