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Love Lane, Mitcham

South East

£600,000
Listed on 10/10/2025

Property Details

Bedrooms
5
Type
Detached
Area
1751 sqft

Description

This substantial five-bedroom detached home presents a promising opportunity for investors or developers, currently configured as two self-contained flats—a ground floor unit with 2-3 bedrooms and garden access, and a two-bedroom apartment above. The property sits on a generous plot with ample scope for both extension and development (subject to planning permissions). With its large rear garden exceeding 30 feet, along with convenient side access, this residence is primed for improvement. Potential renovations could include converting it back into a single-family home or enhancing the existing layouts through extensions or loft conversions. This property offers significant potential to maximise rental returns or create an expansive family living space in a desirable South East location.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -31.3% below area average per sq ft

-31.3%
Potential saving
This Property
£343/sq ft
Area Average
£499/sq ft
Avg Rent (weekly)
£412
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£960,161
10% above area average per sq ft
Potential ROI
+41.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CR4)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +0.8%
5 year growth: +2.4%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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