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Fernlea Road, Mitcham

South East

£430,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
House

Description

This three-bedroom freehold house offers a solid opportunity for renovation and investment, featuring well-sized rooms and a private garden. With three double bedrooms and a bright double reception area, the layout is functional, while the fully fitted kitchen opens directly onto the garden space, providing potential for enhancement or modernisation. The large bathroom adds to the property’s appeal but may benefit from updates. Located conveniently near Tooting and Streatham Common rail stations, as well as Tooting Broadway tube station, this property is ideal for first-time buyers or buy-to-let investors looking to capitalise on its prime location close to reputable local schools and green parks. The potential to improve the property in a desirable area makes this an attractive investment opportunity.

Investment Analysis

(CR4 area)
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

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 -1.7% 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

Fernlea Road, Mitcham
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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
£1,624
Based on a loan of £322,500 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.

Stamp Duty Calculator

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