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Mitcham Park, Mitcham

South East

£250,000
Listed on 26/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
560 sqft

Description

This one-bedroom flat presents a unique opportunity for those looking to invest or create a personalized living space. Spanning 564 sq ft, the layout is currently set up to offer flexibility, allowing for the option of designating rooms as either a spacious bedroom or a functional living area. The separate kitchen and family bathroom add to the practicality of the space, while large windows invite abundant natural light, enhancing the potential for transformation. Nestled in the desirable residential area of Mitcham Park, the property benefits from its tranquil surroundings yet remains conveniently situated near essential amenities. Residents will find a variety of independent cafés, restaurants, and shops within easy reach on London Road and in the nearby Mitcham Town Centre. Additionally, the expansive green spaces of Mitcham Common are just moments away, providing an inviting retreat for outdoor activities. Commuters will appreciate the proximity to both Mitcham Eastfields Station and Tooting Station, offering quick transport links into central London destinations such as Clapham Junction and London Victoria. This appealing location makes it ideal for first-time buyers or investors seeking a property with renovation potential. With careful updates and personal touches, this flat could become a rewarding investment in an ever-evolving market.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -10.9% below area average per sq ft

-10.9%
Potential saving
This Property
£446/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£308,616
10% above area average per sq ft
Potential ROI
+14.3%
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

Mitcham Park, 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
£916
Based on a loan of £187,500 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