2 Bed Flat, Single Let, Mitcham, CR4 4BT, £250,000

76 BROOKSFIELDS AVENUE MITCHAM, CR4 4BT - 2 views - 8 months ago

Leasehold
BTL
ROI: 5%
74 m²
+3 photos

ValuationUndervalued

Sold Prices£150K - £485K
Sold Prices/m²£4K/m² - £6.7K/m²

 

 

Square Metres

73.60 m²
Price/m²£3.4K/m²

Value Estimate

£312,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,300 - £3,600

Rent Estimate

£1,394

Running Costs/mo

£1,080

Cashflow/mo

£314

Cashflow/yr

£3,767

ROI

5%

Gross Yield

7%

Local Sold Prices

45 sold prices from £150K to £485K, average is £282K. £4K/m² to £6.7K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£325K06/210.17 miFlat 26, Crown Mill, London Road, Mitcham, Greater London CR4 4FY2
£220K12/210.24 miFlat 16, Gedge Court, London Road, Mitcham, Greater London CR4 4EQ2
£277K03/210.24 miFlat 33, Fenning Court, London Road, Mitcham, Greater London CR4 4ER2
£305K11/210.28 miFlat 5, Woodglen, Bishopsford Road, Morden, Greater London SM4 6AW2
£327.5K01/230.4 miFlat 1, Pollard Court, Pollard Road, Morden, Greater London SM4 6EH2
£355K09/210.41 miFlat 8, Pollard Court, Pollard Road, Morden, Greater London SM4 6EH2
£260K02/210.42 mi28, Kingsleigh Place, Mitcham, Greater London CR4 4NU2
£255K01/210.43 mi24, Kingsleigh Place, Mitcham, Greater London CR4 4NT2
£295K11/200.45 mi25a, Pollard Road, Morden, Greater London SM4 6EG2
£295K04/210.45 mi17, Pollard Road, Morden, Greater London SM4 6EG2
£238K05/210.46 miFlat 126, Glebe Court, London Road, Mitcham, Greater London CR4 3NJ2
£357.5K02/210.5 mi24d, Morton Road, Morden, Greater London SM4 6EF2
£250K11/200.52 miFlat 99, Glebe Court, London Road, Mitcham, Greater London CR4 3NG2
£255K06/210.52 miFlat 197, Glebe Court, London Road, Mitcham, Greater London CR4 3NY2
£245K01/210.54 mi61d, Seddon Road, Morden, Greater London SM4 6ED2
£290K06/230.56 mi102a, Love Lane, Mitcham, Greater London CR4 3AJ2
£215K06/230.61 miFlat 23, Fair Green Court, London Road, Mitcham, Greater London CR4 3NA2
£170K11/210.62 mi22, Deer Park Gardens, Mitcham, Greater London CR4 4DY2
£257K06/230.62 mi9, Deer Park Gardens, Mitcham, Greater London CR4 4DY2
£282K11/210.7 mi20, Lulworth Crescent, Mitcham, Greater London CR4 3RB2
£335K07/210.73 mi25a, Florence Avenue, Morden, Greater London SM4 6EX2
£350K04/210.76 mi34, Lewis Road, Mitcham, Greater London CR4 3DE2
£395K06/210.76 mi1, Rose Avenue, Morden, Greater London SM4 6DE2
£287K03/210.78 mi25, Imperial Gardens, Mitcham, Greater London CR4 1ER2
£330K05/210.84 mi4a, St Georges Road, Mitcham, Greater London CR4 1EB2
£310K11/220.84 mi192, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£282.5K11/200.85 mi184, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£265K07/210.85 mi37, Tavern Close, Carshalton, Greater London SM5 1JE2
£260K05/210.85 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£260K05/210.86 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£286K03/230.86 mi15, Heyford Road, Mitcham, Greater London CR4 3EW2
£270K01/210.87 mi48, Shaftesbury Road, Carshalton, Greater London SM5 1HN2
£281.5K10/210.87 mi71, Lowry Crescent, Mitcham, Greater London CR4 3NX2
£200K04/230.87 miFlat 36, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£284K04/230.87 mi39, Gilpin Close, Mitcham, Greater London CR4 3QR2
£296.8K06/230.87 mi35, Gilpin Close, Mitcham, Greater London CR4 3QR2
£267.5K11/210.88 miFlat 6, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£375K02/230.9 mi17, Barnfield Avenue, Mitcham, Greater London CR4 1DN2
£330K10/200.91 mi41b, Canterbury Road, Morden, Greater London SM4 6QW2
£407.5K06/210.92 mi18a, Mortimer Road, Mitcham, Greater London CR4 3HS2
£150K05/230.94 mi18, Percy Road, Mitcham, Greater London CR4 4JU2
£240K05/210.95 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£240K05/210.95 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£485K02/210.97 mi38, Malmesbury Road, Morden, Greater London SM4 6HE2
£250K11/200.98 mi5, Kennedy Close, Mitcham, Greater London CR4 2AR2

Local Rents

45 rents from £1.3K/mo to £3.6K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,60002/240.11 mi-2
£1,70003/240.17 miLinden Place, CR4, Mitcham2
£1,70003/240.18 miLondon Road, Mitcham, CR42
£1,65004/240.19 miLondon Road, Mitcham, CR42
£1,75003/250.19 mi-2
£1,65003/240.19 miCrown Mill, Wimbledon, Mitcham, CR42
£1,65003/240.19 miCrown Mill, Wimbledon, Mitcham, CR42
£1,95003/240.22 miCricket Green, Mitcham2
£1,97005/240.22 miLondon Road, Mitcham, CR42
£1,97005/240.22 mi-2
£3,60003/240.31 miLondon Road, Mitcham, Surrey, CR42
£3,30002/240.32 mi-2
£3,30005/240.32 mi-2
£3,60003/240.32 miLondon Road, Mitcham2
£1,50001/250.42 mi-2
£1,50001/250.42 mi-2
£1,80012/240.42 mi-2
£1,80004/240.43 miKingsleigh Place, Mitcham, Surrey, CR42
£1,30003/240.44 miKingsleigh Place, Mitcham, Surrey, CR42
£1,79712/240.44 mi-2
£1,79712/240.44 mi-2
£1,75001/250.44 mi-2
£1,86003/250.44 mi-2
£1,75003/240.47 miChurch Path, Mitcham, CR42
£1,35002/240.47 mi-2
£1,60008/240.52 mi-2
£1,70009/240.55 miPipewell Road, Surrey, SM52
£1,75004/240.55 mi-2
£2,20003/240.57 mi-2
£1,60003/240.57 miMorden Road, Mitcham, CR42
£1,70003/250.58 mi-2
£1,60002/250.58 mi-2
£1,60005/240.58 mi-2
£1,75002/250.58 mi-2
£1,60004/240.58 miTiptaft House, Mitcham, CR42
£1,60005/240.58 miTiptaft House, Mitcham, CR42
£2,25002/250.59 mi-2
£1,40012/240.59 mi-2
£1,59903/240.59 miDeer Park Gardens, Morden, CR4 4DZ – 2 Bedrooms Flat2
£1,78503/250.6 mi-2
£1,95004/240.62 mi159 Commonside East Mitcham CR42
£2,00005/240.62 mi159 Commonside East Mitcham CR42
£1,95005/240.62 mi159 Commonside East Mitcham CR42
£2,00005/240.62 mi159 Commonside East Mitcham CR42
£2,00005/240.62 mi159 Commonside East Mitcham CR42

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

August 12, 2024

Floor Plans

Description

  • NO FORWARD CHAIN +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • TWO DOUBLE BEDROOMS +
  • NEAR TO TRAMLINK +
  • GOOD SIZE LOUNGE +
  • NEW EXTENDED LEASE +
  • POPULAR LOCATION +
  • OUTSIDE STORAGE SHED +
  • SPACIOUS ACCOMMODATION +

* AN EXTREMELY SPACIOUS TWO DOUBLE BEDROOM SPLIT LEVEL PURPOSE BUILT FLAT WITH ACCESS TO THE TRAM LINK AND BUS ROUTES *

Offered for sale with no forward chain is this two double bedroom property which will benefit from a newly extended lease and is offered for sale with no forward chain.

The property does features gas central heating, double glazing and outside storage cupboard but will require some updating and redecoration.

Grove Farm Court is ideally located for the Tramlink into Croydon and Wimbledon along with local bus services and shops nearby. Mitcham Junction station is also within proximity.

Stairs To Second Floor Landing - OWN FRONT DOOR TO

Entrance Hall - Storage cupboard housing boiler, phone point, under stairs storage cupboard

Reception Room - 4.42m x 4.09m (14'6 x 13'5) - radiator, double glazed windows and door onto Juliette Balcony

Kitchen/Diner - 4.24m x 2.49m (13'11 x 8'2) - single drainer sink unit, space for gas cooker, space and plumbing for washing machine, space for fridge/freezer, double glazed window

Stairs To Top Floor Landing -

Bedroom One - 4.27m’1.83m x 3.23m (14’6 x 10'7) - double glazed window, radiator, built in wardrobe

Bedroom Two - 4.27m’1.83m x 2.74m (14’6 x 9) - double glazed window, radiator, fitted wardrobe

Bathroom - Panel enclosed bath, shower unit, wash hand basin, part tiled walls, extractor fan

Sep Wc - wc

Storage Shed No 15 - On the ground floor the property benefits from a large walk in storage cupboard

Council Tax - BAND C £1,806.69p

Service Charge - £1,203.10p per year

Agent Details

Toomey Estate Agents, Mitcham

020 3869 5236

Next Steps?

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