Worst House on the Street Logo
Fernlea Road, Mitcham, Surrey, CR4 - Image 1
Fernlea Road, Mitcham, Surrey, CR4 - Image 2
Fernlea Road, Mitcham, Surrey, CR4 - Image 3
Fernlea Road, Mitcham, Surrey, CR4 - Image 4
Fernlea Road, Mitcham, Surrey, CR4 - Image 5
Fernlea Road, Mitcham, Surrey, CR4 - Image 6
Fernlea Road, Mitcham, Surrey, CR4 - Image 7
Fernlea Road, Mitcham, Surrey, CR4 - Image 8
Fernlea Road, Mitcham, Surrey, CR4 - Image 9
Fernlea Road, Mitcham, Surrey, CR4 - Image 10
Fernlea Road, Mitcham, Surrey, CR4 - Image 11
Fernlea Road, Mitcham, Surrey, CR4 - Image 12
Fernlea Road, Mitcham, Surrey, CR4 - Image 13

Fernlea Road, Mitcham, Surrey, CR4

South East

£625,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1160 sqft

Description

This mid-terrace three-bedroom residence in Mitcham presents a prime opportunity for renovation and investment. Conveniently situated near Figges Marsh and local amenities, this home features a separate reception area, a utility room with a WC, and an extended kitchen/dining space at the rear, which includes bi-fold doors leading to a substantial garden measuring approximately 48 feet. The ground floor benefits from stylish herringbone wood flooring that adds contemporary flair. Although some updates have been made, there is further potential for enhancement throughout the property. Upstairs, discover three ample bedrooms and a family bathroom. Notably, there is also the possibility of extending into the loft (subject to planning consent), making this an ideal investment for those looking to add value or create their dream home.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +8.1% above area average per sq ft

+8.1%
This Property
£539/sq ft
Area Average
£499/sq ft
Avg Rent (weekly)
£412
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£636,086
10% above area average per sq ft
Potential ROI
-5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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, Surrey, CR4
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,230
Based on a loan of £468,750 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates