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Love Lane, Mitcham

South East

£800,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1751 sqft

Description

This spacious detached family residence features five bedrooms and is situated on an expansive plot, presenting significant opportunities for renovation or redevelopment. Currently divided into two self-contained flats, the ground floor offers a versatile 2/3 bedroom layout with access to a garden, while the first-floor unit consists of a two-bedroom apartment. The property has considerable potential for transformation, making it ideal for investors, developers, or families looking to create their dream home. With ample space available, there is potential to revert this property back to a single-family home (subject to council approval) or expand its footprint with side and rear extensions that could add approximately 1500 sq ft across two levels. Additionally, a loft conversion could further enhance living space (also subject to relevant planning consents). At the rear, a detached outbuilding/garage is currently undergoing planning approval for conversion into a two-bedroom chalet bungalow, complete with its own private garden and off-street parking accessible from the main road. This property not only offers immediate accommodation but also presents myriad possibilities for future development, especially with its prominent position in the sought-after South East region.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -8.9% below area average per sq ft

-8.9%
Potential saving
This Property
£457/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£396
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £130,000
Target Value
£965,554
10% above area average per sq ft
Potential ROI
+3.8%
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
12%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +5.0%
5 year growth: +10.9%
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

Love Lane, Mitcham
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% 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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