2 Bed Terraced House, Cash/Bridging Only, Mitcham, CR4 4FD, £399,950

Mullards Close, Hackbridge/Carshalton, CR4 4FD - 6 months ago

Cash
ROI: 1%
~57 m²
+11 photos

ValuationOvervalued

Sold Prices£285K - £490K
Sold Prices/m²£4.1K/m² - £7.8K/m²

 

 

Square Metres

~57.20 m²
Price/m²£7K/m²

Value Estimate

£344,724

 

 

End Value (After Refurb)

£382,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£99,988

Stamp Duty & Legal Fees

£20,696

Refurb Costs

£30,269

Bridging Loan Interest

£10,499

Total Cash In

£163,201

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£382,500

Mortgage (After Refinance)

£286,875

Mortgage LTV

75%

Cash Left In

£163,201

Equity

£95,625

Rent Range

£1,200 - £2,400

Rent Estimate

£1,713

Running Costs/mo

£1,558

Cashflow/mo

£155

Cashflow/yr

£1,861

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £285K to £490K, average is £382K. £4.1K/m² to £7.8K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£285K12/220.05 mi58, Reynolds Close, Carshalton, Greater London SM5 2AY2
£420K12/220.07 mi63, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD2
£397.5K09/210.11 mi13, Eindhoven Close, Carshalton, Greater London SM5 2FD2
£427.5K04/230.16 mi14, Spencer Road, Mitcham Junction, Mitcham, Greater London CR4 4JP2
£325K05/210.17 mi195, Buckhurst Avenue, Carshalton, Greater London SM5 1PD2
£345K02/210.17 mi199, Buckhurst Avenue, Carshalton, Greater London SM5 1PD2
£382.5K12/210.17 mi103, Buckhurst Avenue, Carshalton, Greater London SM5 1NZ2
£430K05/230.17 mi67, Buckhurst Avenue, Carshalton, Greater London SM5 1NZ2
£349.9K03/210.19 mi126, Buckhurst Avenue, Carshalton, Greater London SM5 1PF2
£400K06/230.19 mi86, Buckhurst Avenue, Carshalton, Greater London SM5 1PF2
£357.5K10/200.22 mi68, Shap Crescent, Carshalton, Greater London SM5 1LU2
£427.7K03/230.24 mi6, Seymour Road, Mitcham, Greater London CR4 4JX2
£380K05/230.24 mi2b, Percy Road, Mitcham, Greater London CR4 4JU2
£365K01/210.24 mi38, Percy Road, Mitcham, Greater London CR4 4JU2
£371K01/230.24 mi33, Percy Road, Mitcham, Greater London CR4 4JW2
£430K08/230.25 mi13, The Green, Wallington, Greater London SM6 7AU2
£460K03/210.26 mi75, Culvers Avenue, Carshalton, Greater London SM5 2BH2
£345K04/210.29 mi7, Clover Way, Wallington, Greater London SM6 7HB2
£370K11/210.33 mi10, Clover Way, Wallington, Greater London SM6 7HP2
£335K08/210.33 mi337, Peterborough Road, Carshalton, Greater London SM5 1DF2
£400K06/210.36 mi74, Arlington Drive, Carshalton, Greater London SM5 2EX2
£395K06/210.36 mi14, Arlington Drive, Carshalton, Greater London SM5 2EX2
£411K12/220.38 mi6, Bluebell Close, Wallington, Greater London SM6 7HL2
£402.5K06/210.38 mi133, Arlington Drive, Carshalton, Greater London SM5 2EU2
£368K03/210.39 mi6, Bluebell Close, Wallington, Greater London SM6 7HL2
£285K09/210.39 mi250, Welbeck Road, Carshalton, Greater London SM5 1LW2
£340K06/230.39 mi244, Welbeck Road, Carshalton, Greater London SM5 1LW2
£381.5K09/210.41 mi190, Green Wrythe Lane, Carshalton, Greater London SM5 2SR2
£410K07/210.41 mi196, Green Wrythe Lane, Carshalton, Greater London SM5 2SR2
£360K03/210.43 mi61, St Albans Grove, Carshalton, Greater London SM5 1ND2
£410K06/230.48 mi37, Winchcombe Road, Carshalton, Greater London SM5 1RR2
£400K03/230.48 mi85, Winchcombe Road, Carshalton, Greater London SM5 1RR2
£471K12/220.5 mi45, Wandle Road, Wallington, Greater London SM6 7ET2
£372K03/210.5 mi43, Wandle Road, Wallington, Greater London SM6 7ET2
£337K03/210.51 mi152, Winchcombe Road, Carshalton, Greater London SM5 1RN2
£370K08/210.52 mi80, Bakers Gardens, Carshalton, Greater London SM5 2SF2
£352K04/210.52 mi30, Bakers Gardens, Carshalton, Greater London SM5 2SF2
£383.5K12/220.52 mi77, Bakers Gardens, Carshalton, Greater London SM5 2SF2
£371K06/210.53 mi63, Selby Road, Carshalton, Greater London SM5 1LE2
£476K01/230.53 mi12, Park Road, Hackbridge, Wallington, Greater London SM6 7ER2
£415K09/210.54 mi2, Park Road, Hackbridge, Wallington, Greater London SM6 7ER2
£375K06/230.54 mi75, Wigmore Road, Carshalton, Greater London SM5 1RG2
£450K05/230.54 mi105, Wigmore Road, Carshalton, Greater London SM5 1RG2
£390K06/210.55 mi61, Wandle Road, Wallington, Greater London SM6 7EQ2
£360K06/210.56 mi2, Welhouse Road, Carshalton, Greater London SM5 1RS2
£400K02/230.57 mi206, London Road, Wallington, Greater London SM6 7EA2
£490K05/230.58 mi72, Green Wrythe Lane, Carshalton, Greater London SM5 2DP2
£360.5K01/230.59 mi26, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£355K06/210.59 mi51, Sherborne Crescent, Carshalton, Greater London SM5 1JU2
£392K07/230.59 mi8, Sibton Road, Carshalton, Greater London SM5 1LA2

Local Rents

40 rents from £1.2K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75003/240.01 miMullards Close, Mitcham2
£1,39903/240.01 miMullards Close, Hackbridge, Surrey, CR42
£1,47508/240.04 miReynolds Close, CARSHALTON2
£1,40003/240.05 miMullards Close, Mitcham, CR42
£1,40001/250.07 mi-2
£1,65009/240.14 miOtter Drive Carshalton SM52
£1,95002/250.2 mi-2
£1,50003/240.24 miClose to Watercress Park2
£1,20001/250.26 mi-2
£1,60003/240.27 miWolseley Road, Mitcham, CR42
£1,60002/240.27 mi-2
£1,80004/250.29 mi-2
£1,85009/240.31 mi-2
£2,40002/250.32 mi-2
£1,75012/240.33 mi-2
£2,00011/240.33 mi-2
£1,65009/240.33 miSaxon House, 170 London Road, WALLINGTON2
£1,75009/240.33 miLondon Road, Wallington, SM62
£1,69902/240.33 miLondon Road, Wallington, Surrey. SM62
£1,85008/240.33 mi-2
£1,85008/240.33 miClover Way, Wallington, SM62
£1,40011/240.33 mi-2
£1,60003/240.35 mi-2
£1,60003/240.35 miOakdale Way, Mitcham, CR42
£1,80009/240.38 miFoxglove Way, Wallington, SM62
£1,85001/250.38 mi-2
£1,70009/240.38 miLondon Road Wallington SM62
£1,60009/240.39 miRossignol Gardens, Carshalton, SM52
£1,69404/250.41 mi-2
£1,60008/240.44 mi-2
£2,09709/240.45 miCrypton House, Thimle Crescent, London, SM62
£1,95012/240.45 mi-2
£2,00011/240.45 mi-2
£1,99903/250.5 mi-2
£1,60009/240.51 miWinchcombe Road, Carshalton, SM52
£1,80003/250.58 mi-2
£1,80002/240.58 mi-2
£1,80012/240.58 mi-2
£1,80003/250.58 mi-2
£1,75011/240.58 mi-2

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £399,950

October 8, 2024

Floor Plans

Description

  • Offered with No Chain +
  • A Modern Terrace House +
  • Entrance Hall +
  • Cloakroom +
  • Living Room +
  • Kitchen +
  • Two Double Bedrooms +
  • Barthroom +
  • Garden +
  • Off Street Parking +

AN ATTRACTIVE TWO BEDROOM MODERN TERRACE HOUSE IN A POPULAR ROAD

Kenyons are pleased to offer for sale this modern two bedroom house which forms part of a popular development. The property is in good decorative order throughout and benefits from gas central heating via radiators and double glazed windows. The property is conveniently located within walking distance of the local shops and is well served with good transport facilities with various bus routes and Hackbridge mainline train station providing access to central London and the surrounding towns. Offered for sale with NO CHAIN - Viewing recommended.

* ENTRANCE HALL * CLOAKROOM * LIVING ROOM *
* FITTED KITCHEN * TWO DOUBLE BEDROOMS * BATHROOM *
* FRONT & REAR GARDENS * PARKING SPACE *
* GAS CENTRAL HEATING * DOUBLE GLAZED WINDOWS *
* CONVENIENT LOCATION * OFFERED FOR SALE WITH NO CHAIN *

ACCOMMODATION:

ENTRANCE HALL:

CLOAKROOM: Low flush w.c, wash hand basin with tile splashback, radiator obscure double glazed window.

LIVING ROOM:13'0 x 12'7.
Understairs storage cupboard, radiator, double glazed sliding patio door to rear garden.

KITCHEN: 11'8 x 5'9. Range of fitted base and eye level units, work surfaces with tiled splashbacks, sink unit, built-in oven with separate hob and extractor above, space for washing machine, space for upright fridge/freezer, wall mounted gas fired boiler, double glazed window to front.

FROM ENTRANCE HALL STAIRS TO FIRST FLOOR LANDING: Access to loft.

BEDROOM ONE: 12'7 x 9'2. Double glazed windows with front aspect, built in wardrobes, dressing table, radiator.

BEDROOM TWO: 12'7 x 8'10 (max). Double glazed window with rear aspect, built in wardrobes and dressing table, radiator.

BATHROOM: 6'5 x 6'1. Comprising of a white suite with panel enclosed bath with mixer tap and hand shower, tiled splashback, pedestal wash hand basin, low flush W.C., part tiled walls, extractor fan.

OUTSIDE:

REAR GARDEN: Approximately 40ft - With area of paved patio, shrubs, timber garden shed.

FRONT GARDEN: Flowerbeds, shrubs, parking space.

TENURE: FREEHOLD

NOTICE TO PURCHASERS: Kenyons Estate Agents and their staff have not carried out any tests to any items mentioned within these details, which include services such as heating, electrical system, appliance or any fixture and fittings. We would advise purchasers to satisfy themselves as to their condition. Furthermore, please note that a Laser Tape measuring device has been used to establish the room dimensions which should not be relied upon when ordering carpets.

Established 1984 - Celebrating 40 Years of successfully selling and letting properties in the local area

MAKING AN OFFER:

If you would like to make an offer for this property - ALL OFFERS MUST BE SUBMITTED IN WRITING

Please submit your offer via email - If you have any queries, please contact us on

With your offer we will need the following details/information from you.

  1. Contact Details - Your Name, Address, Phone Number and Email Address

  2. Proof of ID - Either copy of - Passport or Photo Driving Licence

  3. The amount you are offering for the property

  4. Details of your position - (are you a first time buyer, do you have a property to sell - if you have your own property under offer we will need the details of the estate agent you are selling through)

  5. Details of how you will be financing the purchase. (Are you a cash buyer or if you need a mortgage). Who you will be getting a mortgage from - the amount you will need to borrowing and how much deposit you will be putting into the property.

  6. Proof of funding to include a copy of a mortgage agreement & proof of deposit amount. If you are a cash buyer we will need to see copies of statements or a letter from your solicitors confirming you have cash funds available.

Once we have the above information, we can then submit your offer to the vendor for consideration.

Kenyons - Established 1984
Celebrating 40 Years of successfully selling and letting properties in the local area.

NOTICE TO PURCHASERS: Kenyons Estate Agents and their staff have not carried out any tests to any items mentioned within these details, which include services such as heating, electrical system, appliance or any fixture and fittings. We would advise purchasers to satisfy themselves as to their condition. Furthermore, please note that a Laser Tape measuring device has been used to establish the room dimensions which should not be relied upon when ordering carpets.

Agent Details

Kenyons Estate Agents, Carshalton

020 8669 9333

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪