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Miles Road, Mitcham, CR4

South East

£425,000
Listed on 12/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
700 sqft

Description

This mid-terraced two-bedroom residence presents a promising opportunity for those looking to invest in a property with substantial renovation potential. Nestled on the desirable Miles Road, the home is conveniently located near Colliers Wood, providing easy access to local amenities and transport options. Inside, the layout features two spacious reception rooms on the ground floor along with a fitted kitchen, while the upper level accommodates two well-sized bedrooms alongside a family bathroom. Additionally, there is loft storage that can be utilized creatively to enhance living space. Outside, a private rear garden offers the perfect canvas for gardening enthusiasts or outdoor gatherings. This property is ideal for first-time buyers and investors who are keen on transforming it into a modern living space tailored to individual tastes.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +21.8% above area average per sq ft

+21.8%
This Property
£607/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
£383,845
10% above area average per sq ft
Potential ROI
-17.5%
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

Miles Road, Mitcham, CR4
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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
£1,516
Based on a loan of £318,750 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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