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Melrose Avenue, Mitcham, CR4

South East

£725,000
Listed on 04/02/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
1447 sqft

Description

This spacious family residence, located in the desirable North Mitcham area and adjacent to Tooting and Streatham, presents an exciting opportunity for buyers looking to invest in a property with significant renovation potential. Spanning over 1,650 sq. ft., this home features high ceilings that create a sense of openness. Although currently maintained to a high standard, there is still room for personal touches and enhancements throughout the space, especially in the kitchen and bathrooms where modern updates could further increase value. The ground floor boasts an expansive open-plan living/dining area enriched by natural light from a large bay window and French doors leading to the garden. The kitchen is well-equipped but could benefit from cosmetic upgrades to elevate its style. The first floor includes two double bedrooms alongside a single bedroom perfect for conversion into an office or playroom, complemented by a family bathroom that may require modernization. A notable highlight is the loft conversion on the top floor, which offers ample storage and an en-suite shower room; however, updates could enhance its appeal even further. Externally, off-street parking for two vehicles adds convenience, while potential for future extensions (subject to planning permission) enables investors to capitalize on additional living space without relocating. This property is available with no onward chain, making it an attractive option for families seeking their next home or investors looking to capitalize on renovation opportunities.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -0.5% below area average per sq ft

-0.5%
Potential saving
This Property
£501/sq ft
Area Average
£503/sq ft
Avg Rent (weekly)
£406
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£801,182
10% above area average per sq ft
Potential ROI
+3.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +9.1% over the last 12 months
3 year growth: +8.0%
5 year growth: +13.7%
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

Melrose Avenue, Mitcham, CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,615
Based on a loan of £543,750 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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