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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 attractive four-bedroom Edwardian terraced house presents a rare opportunity for investment and personal customization. Located directly across from the expansive Figges Marsh Common, it merges period charm with a prime location that is hard to beat. The interior features a spacious and flexible layout, perfect for both daily life and hosting gatherings, complemented by high ceilings and original architectural details that are ripe for restoration. While the property requires modern updates throughout, this gives the new owner a blank canvas to enhance its character and increase its value significantly. With numerous schools within easy reach, it's an appealing option for families looking for a community-oriented neighborhood. Accessing transport is straightforward, with Tooting Station a short stroll away and Tooting Broadway Underground (serving the Northern Line) just moments away. Plus, all essential amenities—including shops, dining options, gyms—are conveniently close by. The property's outdoor space adds to its allure alongside a pleasant open outlook at the front, ensuring ample natural light floods in. In summary, this home offers buyers an exciting chance to renovate and personalize a well-located residence with substantial potential.

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Investment analysis

(CR4 area)

Below Market Value

This property is priced -20.0% below area average per sq ft

-20.0%
Potential saving
This Property
£395/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£416
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£962,792
10% above area average per sq ft
Potential ROI
+21.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (CR4)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +2.0%
5 year growth: +1.6%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 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

Next Steps

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