3 Bed Detached House, Single Let, Mitcham, CR4 1BJ, £550,000

96 Meopham Road, Mitcham, Greater London, CR4 1BJ - 4 views - 7 months ago

BTL
93 m²
+14 photos

ValuationFair Value

Sold Prices£418K - £690K
Sold Prices/m²£3.9K/m² - £8.3K/m²

 

 

Square Metres

93 m²
Price/m²£5.9K/m²

Value Estimate

£548,036

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£34,700

Total Cash In

£172,200

 

 

Cash Out

 

Rent Range

£2,000 - £1,850,430

Rent Estimate

£2,100

Running Costs/mo

£2,159

Cashflow/mo

£-59

Cashflow/yr

£-705

Gross Yield

5%

Local Sold Prices

50 sold prices from £418K to £690K, average is £495K. £3.9K/m² to £8.3K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£450K11/200 mi96, Meopham Road, Mitcham, Greater London CR4 1BJ3
£601K01/230.11 mi45, Rowan Crescent, London, Greater London SW16 5JA3
£568K02/230.12 mi61, Rowan Crescent, London, Greater London SW16 5JA3
£455K02/210.12 mi21, Rowan Crescent, London, Greater London SW16 5JA3
£495K04/230.13 mi146, Rowan Road, London, Greater London SW16 5JQ3
£465K09/210.17 mi326, Grove Road, Mitcham, Greater London CR4 1AB3
£430K06/230.19 mi107, Grove Road, Mitcham, Greater London CR4 1AE3
£420K06/210.19 mi25, Church Walk, London, Greater London SW16 5JH3
£487K02/210.24 mi22, St Olaves Walk, London, Greater London SW16 5QQ3
£490K06/210.24 mi12, Tomblin Mews, London, Greater London SW16 5FR3
£490K03/210.25 mi12, Cranesbill Close, London, Greater London SW16 5QL3
£497K07/210.26 mi54, Fieldend Road, London, Greater London SW16 5SS3
£450K12/210.27 mi4, Lime Tree Place, Mitcham, Greater London CR4 1AR3
£525K04/230.27 mi13, Hassocks Road, London, Greater London SW16 5EU3
£535K02/210.28 mi78, Fieldend Road, London, Greater London SW16 5SU3
£525K07/230.3 mi24, Lymington Close, London, Greater London SW16 4QL3
£690K04/230.3 mi181, Abercairn Road, London, Greater London SW16 5AJ3
£455K12/210.32 mi87, Grove Road, Mitcham, Greater London CR4 1SL3
£545K12/220.32 mi25, Rosemead Avenue, Mitcham, Greater London CR4 1EZ3
£517.5K07/230.35 mi20, Rosemead Avenue, Mitcham, Greater London CR4 1EY3
£495K11/200.36 mi13, Middle Way, London, Greater London SW16 4HN3
£529K11/210.36 mi17, Churchmore Road, London, Greater London SW16 5UY3
£495K05/230.36 mi104, Edgehill Road, Mitcham, Greater London CR4 2HW3
£550K05/230.36 mi31, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£490K12/220.37 mi25, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£687K12/220.38 mi87, Edgehill Road, Mitcham, Greater London CR4 2HZ3
£495K06/210.38 mi30, Hill Road, Mitcham, Greater London CR4 2HQ3
£550K12/200.39 mi121, Abercairn Road, London, Greater London SW16 5AH3
£570K09/220.39 mi34, Hill Road, Mitcham, Greater London CR4 2HQ3
£418K02/210.39 mi12, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£460K04/210.39 mi16, Edgehill Road, Mitcham, Greater London CR4 2HU3
£495K11/220.39 mi8, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£540K06/230.4 mi12, Rowan Road, London, Greater London SW16 5JL3
£600K12/200.4 mi230, Abercairn Road, London, Greater London SW16 5AQ3
£450K05/230.4 mi16, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£452K12/220.41 mi36, Malvern Close, Mitcham, Greater London CR4 1EH3
£470K03/210.42 mi22, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£595K12/210.42 mi18, Sherwood Avenue, London, Greater London SW16 5EW3
£455K10/210.43 mi171, Manor Way, Mitcham, Greater London CR4 1EN3
£461K07/220.43 mi30, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£575K12/220.44 mi95, Melrose Avenue, Mitcham, Greater London CR4 2ED3
£560K11/200.44 mi86, Melrose Avenue, Mitcham, Greater London CR4 2EJ3
£422.5K04/210.44 mi20, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£550K03/210.45 mi89, Park Avenue, Mitcham, Greater London CR4 2ES3
£512K04/230.45 mi27, Braeside Road, London, Greater London SW16 5BG3
£625K11/220.46 mi51, Tamworth Lane, Mitcham, Greater London CR4 1DG3
£445K03/210.46 mi191, Stanford Road, London, Greater London SW16 4QG3
£428K03/210.46 mi131, Manor Way, Mitcham, Greater London CR4 1EJ3
£515K12/200.46 mi104, Sherwood Avenue, London, Greater London SW16 5EJ3
£527.5K03/230.47 mi94, Sherwood Avenue, London, Greater London SW16 5EJ3

Local Rents

50 rents from £2K/mo to £1.9M/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.04 miNeptune Court, Mitcham, CR43
£2,60005/240.05 miMeopham Road, Mitcham, CR43
£2,60005/240.07 mi-3
£2,20009/240.08 mi-3
£3,00003/240.09 mi-3
£3,00003/240.09 miNeptune Court, Mitcham, CR43
£2,10009/240.11 mi-3
£2,00009/240.11 mi-3
£2,10009/240.13 mi-3
£2,60009/240.14 miEbenezer Walk, LONDON3
£2,10002/240.22 mi-3
£2,30003/240.32 miRosemead Avenue, Mitcham, CR43
£2,20009/240.36 miStockport Road, London, SW163
£2,80009/240.36 miChurchmore Road, Streatham Common, SW163
£2,60003/240.38 miEdgehill Road, Mitcham, CR43
£2,60003/240.38 miEdgehill Road, MITCHAM3
£2,49502/250.39 mi-3
£2,10005/240.42 miEdgehill Road, Mitcham3
£2,00009/240.42 miBeckway Road, SW163
£2,30012/240.42 mi-3
£2,30005/240.43 mi-3
£2,37503/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,30003/240.43 mi-3
£2,50012/240.44 mi-3
£2,30012/240.44 mi-3
£2,30002/250.44 mi-3
£2,80009/240.45 miBraeside Road, Streatham Common, SW163
£2,30003/250.46 mi-3
£2,40003/240.47 miCrossways Road, Mitcham, Surrey, CR43
£1,850,43010/230.53 miFernlea Road, Mitcham3
£2,70009/240.54 miBENETT GARDENS, Norbury, London, SW163
£2,20009/240.55 miCanmore Gardens3
£2,60009/240.55 mi-3
£2,25003/240.55 miGrove Road, Mitcham, CR43
£2,25003/240.55 mi-3
£2,25003/240.55 mi-3
£2,40009/240.55 miCanmore Gardens, London, SW163
£2,20009/240.56 miWoodmansterne Road, London3
£2,35003/240.57 miEastfields Road, Mitcham3
£2,85003/240.58 miFernlea Road Mitcham CR43
£2,30003/240.58 miAventine Avenue, MITCHAM3
£2,85004/240.58 miFernlea Road, Mitcham, CR43
£2,60004/240.58 miRobinhood Close, Mitcham, Surrey3
£2,16004/240.59 miVenice House, Mitcham, CR43
£2,55001/250.59 mi-3
£2,80004/240.6 miStreatham Road Mitcham CR43
£2,20003/240.61 miElmfield Avenue, Mitcham, CR43
£2,50009/240.61 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £550,000

January 15, 2025

Listed for £575,000

September 6, 2024

Sold for £450,000

2020

Sold for £118,000

1998

Sold for £84,950

1996

Floor Plans

Description

  • Detached House +
  • Off Street Parking +
  • Excellent Condition Throughout +
  • Close to Outstanding Schools +
  • No Onward Chain +
  • EPC Rating D +
  • Council Tax Band C +

GUIDE PRICE - £625,000 - £650,000

Introducing a truly unique detached house in immaculate condition offered to the market with no onward chain.

Meopham Road has been expertly renovated throughout by the current seller and is offered to the market with no onward chain. The ground floor comprises a spacious reception bathed in natural light, downstairs WC, a stunning open plan kitchen dining room leading onto the private rear garden. The upper floors consist of three generously sized bedrooms and a contemporary four-piece bathroom suite.

The property is situated within close proximity to many amenities offered in Streatham Vale and Mitcham, while the open spaces of Streatham Common and the railway station are also within easy reach. Mitcham Eastfield’s station is also 0.7 miles away to give travel flexibility to busy commuters.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows;

GMI240400/2

Agent Details

Goodfellows, Mitcham

020 3892 9519

Next Steps?

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