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Love Lane, Mitcham

South East

£600,000
Listed on 10/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1751 sqft

Description

This substantial detached family residence offers significant potential for both renovation and development, currently configured as two self-contained flats. The ground floor boasts a versatile 2-3 bedroom layout with outdoor garden space, while the upper level features a two-bedroom apartment. For developers or investors, there exists an opportunity to revert this property back to its original configuration as a single dwelling, pending council approval. The expansive rear garden exceeds 30 feet in length and includes side access, providing ample space for possible extensions or a loft conversion subject to planning permissions. This property's generous plot size makes it particularly appealing for those looking to enhance its footprint or optimize functionality through refurbishment.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£343/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£396
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £95,000
Target Value
£965,554
10% above area average per sq ft
Potential ROI
+38.9%
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
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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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 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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