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Mitcham CR4

South East

£385,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terraced house in Mitcham presents a noteworthy opportunity for those looking to make significant improvements. Positioned on a sought-after residential street, the property boasts spacious interiors and a layout that can easily be transformed into a modern family home or an investment with strong rental potential. While the house is in need of complete refurbishment, including updates to the kitchen and bathroom, it serves as a blank slate ready for personalization. The ground floor features a sizable reception area that could benefit from an open-plan design, leading to a private garden – ideal for outdoor living. On the upper level, you will find three ample bedrooms and a family bathroom, providing great space for families or tenants alike. The potential extends beyond interior renovations; there are opportunities for rear extensions and loft conversions (subject to planning permissions) that could significantly enhance the property's size and market value. With local amenities, schools, and transport links within easy reach, this property offers both lifestyle benefits and investment appeal in a well-connected area of London.

Investment Analysis

(CR4 area)
Area Average
£498/sq ft
Avg Rent (weekly)
£385
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.3%
5 year growth: +7.6%
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

Mitcham CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,364
Based on a loan of £288,750 over 30 years at 3.91% 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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