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Denham Crescent, Mitcham, CR4

South East

£400,000
Listed on 02/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
640 sqft

Description

This 2-bedroom house offers a unique opportunity for renovation and investment in a sought-after location near Cricket Green. With easy access to public transportation options, including the Mitcham Tram and the Mitcham Junction train station, commuting to central London is both convenient and efficient. Upon entering the property, you are greeted by a through lounge diner that features an open layout, providing ample space for both living and dining activities. While the interior requires some modernization, this presents a blank canvas for buyers looking to tailor the space to their personal style. The potential to upgrade fixtures, fittings, and decor allows for the creation of a contemporary living environment. The kitchen currently requires attention but holds the promise of becoming a well-designed culinary area. With thoughtful renovations, one could enhance its functionality by incorporating modern appliances and stylish cabinetry, ultimately transforming it into a hub for entertaining or everyday cooking. Upstairs, the two bedrooms offer comfortable living accommodations with potential for further enhancement. Ample natural light and space allow for various layout adjustments or styling changes that can elevate these rooms' appeal. The rear garden adds further value to the property, serving as a private outdoor space perfect for relaxation or entertaining guests in warmer months. Overall, this house stands as a compelling investment opportunity—whether you are looking to create your ideal residence or capitalize on its potential rental appeal due to its strategic location near amenities and transport links. This property not only presents an exciting chance for those interested in renovation projects but also positions itself strategically for future value appreciation within this desirable neighborhood.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +24.8% above area average per sq ft

+24.8%
This Property
£625/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£352,704
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
9%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 7.8%
5 year growth: 12.9%
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

Denham Crescent, Mitcham, CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE