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Stuart Place, Mitcham, CR4

South East

£500,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
762 sqft

Description

This three-bedroom mid-terrace house in the sought-after Lavender Fields area of Mitcham presents a promising opportunity for renovation and investment. Situated within the London Borough of Merton, the property features a blend of tranquility and accessibility, with local amenities, schools, and transport options just a stone's throw away. It boasts two spacious double bedrooms and a single room that can serve as either an additional bedroom or home office, catering to diverse living arrangements. The adaptable layout includes a dual reception room that allows for various configurations—ideal for casual family gatherings or more formal occasions. The bathroom is functional yet offers potential for modernization, while the garden provides ample outdoor space suitable for play, gardening, or entertaining during warmer months. Off-street parking further enhances the practicality of this residence in such a popular location. For those with vision, there is significant scope to extend the property (subject to planning permissions), potentially adding value through a rear kitchen/diner extension or loft conversion to create an extra bedroom or master suite. With local architects and planning consultants well-acquainted with the area, navigating consent for these enhancements could prove achievable. Local amenities abound, including supermarkets like Lidl and Asda within half a mile and multiple dining options on London Road. Families will benefit from nearby respected primary and secondary schools. Green spaces such as Lavender Park are just minutes away—perfect for leisure activities. Transport links are robust; Tooting station is 0.5 miles away offering Thameslink services into Central London and beyond. For drivers, major roads provide easy access into central areas—a commendable asset considering its serene setting.

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Investment analysis

(CR4 area)

Above Market Value

This property is priced +32.3% above area average per sq ft

+32.3%
This Property
£656/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£415,580
10% above area average per sq ft
Potential ROI
-24.4%
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

Stuart Place, Mitcham, CR4
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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
£1,889
Based on a loan of £375,000 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.

Stamp duty calculator

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