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Heaton Road, Mitcham, CR4 2BU

South East

£325,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Maisonette
Area
734 sqft

Description

This first floor maisonette presents an exciting renovation opportunity for those looking to create a personalized living space. With three bedrooms, a spacious reception area, a separate kitchen, and a family bathroom, the property offers ample room to implement creative redesigns. It is essential to note that the unit requires comprehensive modernization throughout, making it ideal for buyers with renovation expertise or contractors seeking a project. Situated on a tranquil residential street near Figges Marsh, residents will benefit from nearby green spaces as well as local shops and amenities along London Road. Transport links are conveniently accessible with Tooting Mainline Station providing quick connections to Central London. This property is being sold with no onward chain, providing flexibility for prospective buyers.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -11.2% below area average per sq ft

-11.2%
Potential saving
This Property
£443/sq ft
Area Average
£499/sq ft
Avg Rent (weekly)
£412
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£402,489
10% above area average per sq ft
Potential ROI
+4.5%
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

Heaton Road, Mitcham, CR4 2BU
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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
£1,159
Based on a loan of £243,750 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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