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London Road, Mitcham, Greater London

South East

£160,000Guide Price

Listed on 04/07/2026

Property details

Bedrooms
2
Type
Flat
Area
678 sqft

Description

This two-bedroom flat on London Road in Mitcham represents an excellent investment opportunity for those looking to renovate and add value. The property is in need of refurbishment throughout, offering a chance for buyers to tailor the space to their personal style and preferences. The layout includes an entrance hall, a spacious living room, a kitchen, two good-sized bedrooms, and a family bathroom, making it a versatile blank canvas for transformation. Located conveniently near local shops, cafés, and transport links into Central London, this flat also benefits from nearby parks for leisure activities. This is an ideal prospect for investors or first-time buyers eager to embark on a renovation project that could yield significant returns.

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Investment analysis

(CR4 area)

Below Market Value

This property is priced -52.3% below area average per sq ft

-52.3%
Potential saving
This Property
£236/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£416
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£368,798
10% above area average per sq ft
Potential ROI
+84.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (CR4)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +2.0%
5 year growth: +1.6%
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

London Road, Mitcham, Greater London
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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
£604
Based on a loan of £120,000 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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