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Ivy Gardens, Mitcham CR4

South East

£175,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Maisonette
Area
716 sqft

Description

This ground floor maisonette presents a unique opportunity for cash buyers, especially those looking to invest in a property with significant renovation potential. With two spacious double bedrooms and a generous living area spanning over 716 sq. ft., the layout is ideal for reimagining the existing space. The current configuration includes a larger than average galley kitchen and a contemporary three-piece bathroom suite, both of which may benefit from modern updates. The addition of a private garden enhances outdoor living options, while the garage at the rear provides convenient storage or potential workshop space. Located on a peaceful residential street with close proximity to local amenities, this property is sold with no onward chain and is offered as seen, making it an appealing choice for buyers willing to take on a project to maximize its value.

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Investment analysis

(CR4 area)

Below Market Value

This property is priced -50.6% below area average per sq ft

-50.6%
Potential saving
This Property
£244/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£416
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£389,468
10% above area average per sq ft
Potential ROI
+85.5%
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

Ivy Gardens, 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
£661
Based on a loan of £131,250 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

Next Steps

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