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Park Avenue, Mitcham, CR4

South East

£575,000
Listed on 24/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1141 sqft

Description

This three-bedroom terraced home presents an appealing opportunity for those looking to invest in a property with renovation potential. The entrance hallway leads into a spacious living area adorned with period features, such as original fireplaces, which could be enhanced or restored to elevate the home's character further. The light-filled reception room is ideal for social gatherings or quiet evenings, while the existing kitchen, equipped with modern cabinetry and direct garden access, offers a solid foundation that could benefit from updating or reconfiguration to maximize space and functionality. On the first floor, three well-proportioned bedrooms provide flexible options for families or home offices, each with pleasant views. The property also includes off-street parking, adding convenience in this well-connected area. Commuters will appreciate the proximity to Tooting station and Mitcham Eastfields, along with nearby bus routes facilitating easy access to Streatham and Tooting. The south-facing garden serves as a private outdoor sanctuary perfect for entertaining or relaxation. There is ample room for landscaping and personal touches, making it an ideal project for gardening enthusiasts or families. Additionally, there is potential for extension (subject to planning permission), allowing you to customize the layout to meet your specific needs over time. With four schools within a half-mile radius and essential shopping amenities nearby, this property combines comfort with investment appeal in a desirable locale.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +0.1% above area average per sq ft

+0.1%
This Property
£504/sq ft
Area Average
£503/sq ft
Avg Rent (weekly)
£406
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£631,755
10% above area average per sq ft
Potential ROI
+1.1%
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

Park 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
£2,074
Based on a loan of £431,250 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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