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Gorringe Park Avenue, Mitcham CR4 - Image 1
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Gorringe Park Avenue, Mitcham CR4

South East

£525,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
947 sqft

Description

This three-bedroom family residence boasts a larger-than-average layout and is positioned on a desirable residential street, just a short stroll from transport links including Tooting Mainline and Mitcham Eastfields stations. The property features two generously sized separate reception rooms, a fitted kitchen, three bedrooms, and a family bathroom. Although well maintained, this home presents an opportunity for enhancements or reconfigurations according to modern living standards. There is potential for loft conversion and rear extensions (subject to planning permission), making it an interesting prospect for investors or homeowners looking to add significant value. The south-facing front and rear gardens also provide opportunities for landscaping or outdoor projects. Located near the vibrant amenities of Tooting, this property could serve as both a comfortable living space and a rewarding investment.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +11.8% above area average per sq ft

+11.8%
This Property
£554/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£516,475
10% above area average per sq ft
Potential ROI
-10.2%
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

Gorringe Park Avenue, 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
£1,983
Based on a loan of £393,750 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

Price History

-4.5% since listed
£525,000£25,000(-4.5%)
15/04/2026
Current price
£550,000Initial listing
31/03/2026

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