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4 Berkshire Way, Mitcham, CR4 1QT - Image 1
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4 Berkshire Way, Mitcham, CR4 1QT

South East

£220,000

Listed on 12/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
851 sqft

Description

This freehold semi-detached house presents a promising investment opportunity for those looking to undertake a comprehensive refurbishment. Located near the junction with Radnor Close, it benefits from convenient access to local shopping and transportation, including Thornton Heath Train Station and the open spaces of Mitcham Common. The property's layout spans two floors, with three bedrooms and a bathroom on the first floor, alongside a welcoming entrance hall and through reception room on the ground level, complemented by a kitchen area. Off-street parking is available via the driveway, along with a front garden and an enclosed rear garden. With the property currently vacant, it is positioned well for modernisation to unlock its full potential. An EPC rating of G indicates significant energy efficiency improvements are needed, making this an ideal project for investors or homeowners aiming to create a tailored living space.

Investment Analysis

(CR4 area)

Below Market Value

This property is priced -47.9% below area average per sq ft

-47.9%
Potential saving
This Property
£259/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£464,118
10% above area average per sq ft
Potential ROI
+49.7%
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 -1.7% over the last 12 months
3 year growth: +2.6%
5 year growth: +2.5%
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

4 Berkshire Way, Mitcham, CR4 1QT
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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.

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