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The Close, Mitcham, CR4

South East

£500,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
1173 sqft

Description

This end-of-terrace three-bedroom house offers a compelling opportunity for those interested in customizing a space to reflect their personal style. Currently chain-free, the property not only allows for immediate occupation but also holds significant potential for future enhancements, including possible extensions, pending planning approvals.<br><br>Situated conveniently close to local schools and amenities, it benefits from proximity to Mitcham Tram Stop, just 0.2 miles away, which connects residents to Wimbledon and Croydon. Additionally, nearby bus routes provide access to Tooting and Morden on the Northern line. This prime location further increases its appeal for first-time buyers, families, or investors looking for an asset with potential for appreciation.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -15.0% below area average per sq ft

-15.0%
Potential saving
This Property
£426/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
£646,827
10% above area average per sq ft
Potential ROI
+19.8%
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

The Close, 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
£1,803
Based on a loan of £375,000 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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