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Wood Street, Mitcham

South East

£399,950
Listed on 21/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
710 sqft

Description

This quaint period cottage is situated on a sought-after residential street, just a short 10-minute walk from both the center of Hackbridge and Hackbridge BR station. The property features a traditional layout with a cozy living room and a spacious kitchen/breakfast area on the ground floor, alongside a bathroom. Upstairs, you'll find two generous double bedrooms that offer ample space for comfortable living. One notable feature of this home is the partially converted loft space accessed by a staircase from the front bedroom. While it currently serves as storage, the large Velux windows illuminate this area, presenting an opportunity for creative renovation that could transform it into functional living space or a hobby area—albeit requiring significant investment to realize its full potential. The interiors are relatively basic and would benefit from modernization, making it an appealing prospect for those looking to customize a residence to their taste. The property’s exterior appears well-maintained, having undergone recent re-rendering, and includes a rear garden extending approximately 40 feet, complete with a useful pre-fabricated workshop for additional workspace or storage needs. Conveniently positioned, this cottage is located near Hackbridge Primary School, which is just a couple of hundred yards away. The local shopping amenities include essential stores such as Lidl, located about half a mile away. For commuters, Hackbridge BR station offers regular fast train services to London Victoria via Clapham Junction and is less than 15 minutes on foot. Additionally, access to the Wimbledon to Beckenham tram line at Mitcham Junction is also within walking distance. In summary, this property presents not just a home but an opportunity for innovation and personal expression through renovation in an area poised for growth. It invites buyers who envision enhancing its character while enjoying its convenient location.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£563/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£422
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£391,281
10% above area average per sq ft
Potential ROI
-11.1%
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

Wood Street, Mitcham
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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 £299,962 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