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Wood Street, Mitcham, CR4

South East

£795,000
Listed on 26/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1728 sqft

Description

This spacious four-bedroom detached house features a separate self-contained annexe, making it an appealing investment with renovation potential. Spanning approximately 2,580 sq. ft., the property has been cherished by the same family for over two decades and is currently in good condition, albeit with opportunities for modern enhancements. The ground floor offers generous living spaces that are well-suited for both family gatherings and entertaining. Notable highlights include a large reception room leading to a conservatory that overlooks the garden, as well as a dining area connected to a sizeable kitchen equipped with integrated appliances and ample storage. The practicality of two contemporary shower rooms on this level enhances everyday living. Upstairs are three comfortable double bedrooms served by a modern family bathroom, while the loft conversion provides an additional double bedroom, a shower room, and a study area — ideal for remote work or guests. The property also features a carriage driveway and potential development space in the garage, which could be transformed (subject to planning permission). The self-contained annexe adds significant value through its current use as gym space and home office but could easily revert to fully independent living quarters if desired. This versatility suits families or those looking to generate rental income. Set within close proximity to Hackbridge Station (0.6 miles) and local schools with good reputations, this house presents a unique opportunity not just for personal residence but as an investment into future refurbishments or expansions.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£460/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£396
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£952,871
10% above area average per sq ft
Potential ROI
+7.7%
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

Wood Street, 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
£2,867
Based on a loan of £596,250 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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