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Love Lane, Mitcham

South East

£600,000
Listed on 11/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1751 sqft

Description

This substantial five-bedroom detached home presents an excellent opportunity for renovation and investment. Located on a generous plot, the property is currently divided into two self-contained flats, offering flexibility for various living arrangements or potential rental income. The ground floor accommodates a 2/3-bedroom flat complete with its own garden access, while the first floor features a two-bedroom apartment. The expansive rear garden, exceeding 30 feet in length, boasts side access, enhancing the property's appeal for future development. There is significant potential to extend the existing structure or convert it back into a single-family residence, subject to local council approvals. This versatility makes it an intriguing prospect for developers or investors looking to maximize their return. In addition to its ample living space and outdoor area, the location offers convenient access to local amenities and transport links, further enhancing its desirability. Whether you’re considering a straightforward renovation or a larger-scale redevelopment project, this property holds promising possibilities for those with vision and ambition in today’s market.

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)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£964,976
10% above area average per sq ft
Potential ROI
+37.9%
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

Love Lane, Mitcham
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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
£2,198
Based on a loan of £450,000 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