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Mortimer Road, Mitcham, CR4

South East

£495,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1253 sqft

Description

This 3-bedroom property presents a significant renovation opportunity, ideal for those looking to create their dream home or invest in a project with substantial value potential. The layout includes a bright reception room and a separate dining area, both of which could benefit from modern touches. The kitchen, which opens up to a sizable private garden, offers the chance to enhance indoor-outdoor living space. Additionally, the garage provides practical storage or potential conversion options. Situated near Mitcham Eastfields Station and surrounded by local amenities such as cafés and convenience stores, this location also boasts close proximity to green spaces, making it an attractive choice for families and commuters alike.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -21.2% below area average per sq ft

-21.2%
Potential saving
This Property
£395/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£396
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£690,942
10% above area average per sq ft
Potential ROI
+29.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +5.0%
5 year growth: +10.9%
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

Mortimer Road, Mitcham, CR4
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,785
Based on a loan of £371,250 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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