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The Close, Mitcham

South East

£500,000

Listed on 22/11/2025

Property Details

Bedrooms
3
Type
End Of Terrace

Description

This end-of-terrace three-bedroom home offers a significant opportunity for renovation and investment, situated on a peaceful residential street in the desirable Mitcham area. While the property is in need of modernisation throughout, it features double-glazed windows and spacious rooms that provide a solid foundation for improvement. The layout includes three generously sized bedrooms and a living area that can be enhanced to create an inviting family space. Additionally, there is potential for reconfiguration or extension, subject to planning permissions, which could further increase its value. A notable aspect of this house is the sizeable garden, ideal for outdoor activities and relaxation - a valuable asset in similar properties. Conveniently located near Mitcham tram stop, this home not only appeals to commuters but also presents an excellent investment prospect given the surrounding amenities and suburban tranquility.

Investment Analysis

(CR4 area)
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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 -1.7% over the last 12 months
3 year growth: +2.6%
5 year growth: +2.5%
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

The Close, Mitcham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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

Price History

-4.8% since listed
£500,000£25,000(-4.8%)
29/12/2025
Current price
£525,000Initial listing
21/11/2025

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