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Fernlea Road, Mitcham

South East

£430,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
House

Description

This freehold three-bedroom house offers a substantial opportunity for renovation, appealing to both first-time buyers and buy-to-let investors. The property features generously sized rooms including three double bedrooms and a spacious reception area, which could greatly benefit from modern updates. The fully equipped kitchen opens onto a private garden, creating potential for an inviting outdoor space. Completing the layout is a large bathroom that presents room for improvement. Located in a desirable area with convenient access to Tooting and Streatham Common rail stations as well as Tooting Broadway tube station, this property is ideally situated amidst reputable local schools and ample green spaces. With thoughtful renovations, this home could enhance its value significantly while enjoying the advantages of such a location.

Investment Analysis

(CR4 area)
Area Average
£499/sq ft
Avg Rent (weekly)
£412
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Fernlea Road, 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
£1,534
Based on a loan of £322,500 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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