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New Barns Avenue, Mitcham

South East

£525,000
Listed on 01/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1109 sqft

Description

This three-bedroom terraced house, located on the sought-after New Barns Avenue in Mitcham, presents a noteworthy opportunity for renovation and investment. The property offers a flexible layout across two floors, featuring a bright entrance hall that leads to a front reception room—ideal for reimagining into a more open living space or home office. The rear section of the ground floor boasts an open-plan kitchen and dining area, equipped with modern units and ample natural light from expansive glazing and skylights. While this space is currently functional, opportunities exist to enhance its design for greater efficiency or aesthetic appeal. Upstairs, the three bedrooms provide good proportions and potential for customisation or extension (subject to planning). The existing shower room includes contemporary finishes but could benefit from further modernisation. Outside, the generous rear garden features both patio and artificial lawn areas, which could be developed into a more sophisticated outdoor living environment. Additionally, a large outbuilding at the end of the garden holds promise for conversion into a home office or gym with the right permissions in place. Off-street parking adds to the convenience of this property, making it even more attractive as an investment project.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -5.0% below area average per sq ft

-5.0%
Potential saving
This Property
£473/sq ft
Area Average
£499/sq ft
Avg Rent (weekly)
£412
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£608,120
10% above area average per sq ft
Potential ROI
+7.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CR4)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +0.8%
5 year growth: +2.4%
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

New Barns Avenue, Mitcham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,873
Based on a loan of £393,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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