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Gorringe Park Avenue, Mitcham, CR4 - Image 1
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Gorringe Park Avenue, Mitcham, CR4

South East

£700,000
Listed on 17/03/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1770 sqft

Description

This four-bedroom Edwardian terraced home presents a unique opportunity for buyers aiming to create a personalized living space. Offered without any chain, the property is situated directly across from Figges Marsh Common, merging period charm with a practical location. Inside, the layout is spacious and versatile, offering high ceilings and original features that contribute to its character. However, the home requires modernisation, making it an ideal project for those looking to enhance its appeal and add value in the process. Families will appreciate the proximity of several schools within a half-mile radius, as well as excellent transport links with Tooting Station nearby and Tooting Broadway Underground station easily accessible. The local area is vibrant, featuring a diverse range of shops, restaurants, gyms, and essential amenities. Additionally, outdoor space complements the property while allowing ample natural light to filter through. Overall, this house represents a tremendous chance for prospective homeowners or investors looking to renovate and tailor it to their specific tastes.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
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
£40,000 - £60,000
Target Value
£976,031
10% above area average per sq ft
Potential ROI
+28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Gorringe 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
£2,525
Based on a loan of £525,000 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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