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Melrose Avenue, Mitcham, CR4 - Image 1
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Melrose Avenue, Mitcham, CR4

South East

£275,000
Listed on 18/03/2026

Property Details

Bedrooms
1
Type
Apartment
Area
576 sqft

Description

This first floor one-bedroom maisonette, situated at the junction of Tooting and Streatham, presents an attractive investment opportunity without the constraints of a chain. While it features a spacious living area, a fully equipped kitchen, and a generously sized double bedroom, the property would benefit from some modernization throughout. This offers an ideal chance for buyers to tailor the space to their personal taste or enhance its rental appeal. Conveniently located near local amenities and transport links, including Tooting mainline train station and Mitcham Eastfields with quick access to London Victoria, this property combines potential with practicality for both first-time buyers and investors looking to increase their portfolio.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -4.8% below area average per sq ft

-4.8%
Potential saving
This Property
£477/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£396
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£317,624
10% above area average per sq ft
Potential ROI
+5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

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
£992
Based on a loan of £206,250 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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