3 Bed Terraced House, Planning Permission, Mitcham, CR4 2BL, £550,000

33 Thirsk Road, Mitcham, Greater London, CR4 2BL - 6 views - 7 months ago

Under Offer
Planning
ROI: 1%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£210.5K - £817.5K
Sold Prices/m²£2.4K/m² - £10.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£586,116
BMV2%

 

 

End Value (After Refurb)

£619,607

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£49,214

Bridging Loan Interest

£14,438

Total Cash In

£237,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£619,607

Mortgage (After Refinance)

£464,705

Mortgage LTV

75%

Cash Released

£52,205

Cash Left In

£185,396

Equity

£154,902

Rent Range

£1,600 - £3,500

Rent Estimate

£2,673

Running Costs/mo

£2,491

Cashflow/mo

£182

Cashflow/yr

£2,186

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210.5K to £817.5K, average is £622.5K. £2.4K/m² to £10.3K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£542K11/200.01 mi35, Thirsk Road, Mitcham, Greater London CR4 2BL3
£670K09/210.01 mi20, Thirsk Road, Mitcham, Greater London CR4 2BD3
£536K11/210.05 mi7, Stanley Road, Mitcham, Greater London CR4 2BH3
£501K11/200.05 mi34, Stanley Road, Mitcham, Greater London CR4 2BH3
£575K03/210.05 mi38, Stanley Road, Mitcham, Greater London CR4 2BH3
£530K11/200.08 mi86, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£559K02/210.08 mi96, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£680K02/230.09 mi16, Ashbourne Road, Mitcham, Greater London CR4 2BA3
£477.5K08/210.11 mi44, Gorringe Park Avenue, Mitcham, Greater London CR4 2DG3
£640K11/200.13 mi79, Links Road, London, Greater London SW17 9EF3
£775K10/230.14 mi126, Links Road, London, Greater London SW17 9ES3
£625K09/210.16 mi26, Carlingford Gardens, Mitcham, Greater London CR4 2AT3
£625K12/210.17 mi19, Frinton Road, London, Greater London SW17 9EH3
£510K01/210.18 mi89, Framfield Road, Mitcham, Greater London CR4 2AW3
£535K09/210.18 mi13, Woodland Way, Mitcham, Greater London CR4 2DZ3
£537.5K09/210.18 mi158, Gorringe Park Avenue, Mitcham, Greater London CR4 2DX3
£655K11/200.19 mi81, Ashbourne Road, Mitcham, Greater London CR4 2BF3
£530K05/230.2 mi157, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£550K03/210.21 mi22, Hailsham Road, London, Greater London SW17 9EN3
£695K02/230.21 mi3, Ascot Road, London, Greater London SW17 9JJ3
£500K06/210.21 mi16, St James Road, Mitcham, Greater London CR4 2DA3
£762K03/210.22 mi54, Boscombe Road, London, Greater London SW17 9JL3
£747.5K08/230.22 mi55, Boscombe Road, London, Greater London SW17 9JL3
£656K12/230.22 mi18, Boscombe Road, London, Greater London SW17 9JL3
£710K03/230.22 mi3, Ipswich Road, London, Greater London SW17 9RH3
£560K03/210.22 mi151, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£817.5K01/210.22 mi10, Ascot Road, London, Greater London SW17 9JJ3
£670K01/230.23 mi130, Seely Road, London, Greater London SW17 9QY3
£635K06/210.23 mi146, Seely Road, London, Greater London SW17 9QY3
£524K05/210.23 mi26, Framfield Road, Mitcham, Greater London CR4 2AL3
£710K09/220.24 mi99, Seely Road, London, Greater London SW17 9QP3
£784K06/210.25 mi11, Finborough Road, London, Greater London SW17 9HY3
£210.5K08/230.25 mi162, Seely Road, London, Greater London SW17 9QZ3
£495K07/230.26 mi60a, Crusoe Road, Mitcham, Greater London CR4 3LG3
£637K03/210.26 mi40, Crusoe Road, Mitcham, Greater London CR4 3LG3
£655K05/210.27 mi65, Seely Road, London, Greater London SW17 9QP3
£630K11/200.27 mi71, Seely Road, London, Greater London SW17 9QP3
£510K03/210.27 mi82, Streatham Road, Mitcham, Greater London CR4 2AB3
£525K06/230.28 mi10, Manship Road, Mitcham, Greater London CR4 2AY3
£660K02/230.3 mi101, Southcroft Road, London, Greater London SW17 9TN3
£620K03/210.3 mi115, Southcroft Road, London, Greater London SW17 9TN3
£470K12/200.31 mi4, Vectis Road, London, Greater London SW17 9RG3
£700K04/230.31 mi36, Vectis Road, London, Greater London SW17 9RG3
£510K05/210.31 mi4, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£495K10/210.32 mi6, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£625K09/220.32 mi3, Freshwater Road, London, Greater London SW17 9TG3
£705K10/210.32 mi1, Freshwater Road, London, Greater London SW17 9TG3
£542K05/210.33 mi1, Melrose Avenue, Mitcham, Greater London CR4 2EH3
£775K01/210.33 mi33, Garden Avenue, Mitcham, Greater London CR4 2EE3
£477.5K03/210.34 mi30, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3

Local Rents

51 rents from £1.6K/mo to £3.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,40003/240.04 miStanley Road, Mitcham, Surrey, CR43
£1,60004/250.06 mi-3
£1,60004/250.06 mi-3
£2,40003/240.06 miStanley Road, Tooting3
£2,50003/240.07 miAshbourne Road, Mitcham CR43
£2,25003/240.07 miHeaton Road, Mitcham, Surrey, CR43
£3,00005/240.08 miAshbourne Road, Mitcham, CR43
£2,20003/240.1 miEdenvale Road Mitcham CR43
£3,30011/240.12 mi-3
£2,45004/240.13 miGrenfell Road, Tooting, London, CR43
£2,80009/240.14 miLinks Road, London3
£2,70003/240.16 miSt. James Road Mitcham CR43
£2,70003/240.16 miSt. James Road, Mitcham, Surrey, CR4 2DF3
£2,70003/240.16 miSt. James Road, Tooting3
£2,50002/240.16 mi-3
£2,40003/240.16 miGrenfell Road, Mitcham, CR43
£3,25003/240.16 miAshbourne Road, Tooting3
£2,30003/240.16 mi-3
£2,70009/240.18 miLinks Road, Tooting3
£2,40003/240.18 miFramfield Road, Mitcham, CR43
£2,50004/240.18 miFramfield Road, Mitcham, CR43
£2,50004/240.18 miFramfield Road, Mitcham, CR43
£2,50005/240.18 mi-3
£2,20005/240.19 mi-3
£2,65009/240.2 mi-3
£2,70005/240.22 miManship Road, London, CR43
£2,70005/240.22 miManship Road3
£2,70005/240.22 miManship Road3
£2,70005/240.22 miManship Road, Mitcham, CR43
£3,50009/240.24 miBoscombe Road, London, SW173
£2,90004/250.24 mi-3
£2,50003/240.25 mi-3
£2,80004/240.25 miStreatham Road Mitcham CR43
£3,00009/240.25 miRenmuir Street, Tooting, London, SW173
£2,40011/240.26 mi-3
£2,50004/250.26 mi-3
£2,50004/250.26 mi-3
£3,10009/240.27 miGlasford Street, Tooting3
£2,55009/240.27 miSeely Road London SW173
£2,50004/250.27 mi-3
£2,45009/240.28 miSouthcroft Road, Tooting, SW173
£2,50009/240.28 miSeely Road, London, SW173
£2,85010/240.29 mi-3
£3,10009/240.29 mi-3
£2,40009/240.29 mi-3
£2,50009/240.31 miOtterburn Street, London3
£3,50009/240.32 miRenmuir Street London SW173
£3,30009/240.32 mi-3
£3,30009/240.32 mi-3
£3,20009/240.32 mi-3
£2,80002/250.32 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.22 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 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

December 5, 2024

Listed for £575,000

September 26, 2024

Sold for £59,000

1998

Floor Plans

Description

A well-presented, three-bedroom end-of-terrace property, located just minutes from Tooting Train Station and the expansive Figges Marsh open space. The ground floor features a spacious reception room, a dining room leading to a conservatory with access to the rear garden. Upstairs, the first floor offers three bedrooms and a family bathroom. While the property would benefit from some cosmetic updates, it also boasts a large loft with potential for extension, subject to the necessary planning permissions.

Thirsk Road is a quiet, residential street in Mitcham, South London, offering a mix of charming period homes. The area provides excellent transport links with Tooting Train Station nearby, connecting to Central London, and Tooting Broadway Underground Station (Northern Line) just a short distance away.

Residents enjoy access to green spaces like Figges Marsh and Tooting Common, perfect for outdoor activities. The vibrant London Road and Tooting Market offer diverse shopping, dining, and entertainment options. With good local schools and proximity to St George’s Hospital, Thirsk Road is ideal for families and professionals alike.

Merton Council Tax Band: D

Agent Details

Winkworth, Tooting

020 3869 5338

Next Steps?

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