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London Road, Mitcham , London, Surrey, CR4 3HA

South East

£160,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Flat
Area
723 sqft

Description

This two-bedroom flat located on London Road in Mitcham offers a significant opportunity for investors or first-time buyers aiming to personalize their living space. While the property requires extensive refurbishment, it serves as an excellent blank canvas for those looking to enhance its value and create a modern home. The layout comprises an entrance hall, a spacious living room, a kitchen, two generous bedrooms, and a family bathroom, all of which could benefit from updating. Conveniently situated near local shops, parks, and strong transport links to Central London, this property is ideal for someone ready to undertake a renovation project. Early viewings are encouraged to fully appreciate the potential this flat holds.

Investment analysis

(CR4 area)

Below Market Value

This property is priced -55.2% below area average per sq ft

-55.2%
Potential saving
This Property
£221/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£416
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£393,276
10% above area average per sq ft
Potential ROI
+87.3%
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 , London, Surrey, CR4 3HA
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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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