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Mitcham Road, Croydon

South East

£425,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
387 sqft

Description

This three-bedroom terraced house presents a rare investment opportunity in a prime location. With convenient access to tram services connecting East Croydon and Wimbledon, commuting into Central London is effortless. Local amenities, including shops and schools, are just a short distance away, enhancing the home's appeal for families and professionals alike. The presence of a garage at the back adds practical value for parking or additional storage needs.<br><br>Featuring well-sized rooms that offer flexible living options, this property is ideal for first-time buyers eager to enter the market or for investors looking for a property with the potential for strong rental returns. There's considerable potential for extending the property (subject to planning permission), allowing new owners to significantly enhance its value through renovation. This home is chain-free, which simplifies the buying process and allows for a more seamless transition into ownership.

Investment Analysis

(CR0 area)

Above Market Value

This property is priced +147.4% above area average per sq ft

+147.4%
This Property
£1,098/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£188,947
10% above area average per sq ft
Potential ROI
-59.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
125
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +2.4%
5 year growth: +5.7%
Investment Disclaimer: Analysis based on CR0 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

Mitcham Road, Croydon
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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
£1,533
Based on a loan of £318,750 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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