3 Bed Terraced House, Single Let, Mitcham, CR4 1JT, £425,000

Manor Road, Mitcham, CR4 1JT - 7 views - 6 months ago

Sold STC
BTL
ROI: 2%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£375K - £600K
Sold Prices/m²£3.9K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£485,106
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,900 - £3,000

Rent Estimate

£1,988

Running Costs/mo

£1,746

Cashflow/mo

£242

Cashflow/yr

£2,907

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £375K to £600K, average is £459K. £3.9K/m² to £7K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£475K09/210.02 mi140, Manor Road, Mitcham, Greater London CR4 1JE3
£428K03/210.08 mi131, Manor Way, Mitcham, Greater London CR4 1EJ3
£419K12/200.08 mi95, Manor Road, Mitcham, Greater London CR4 1JD3
£455K10/210.09 mi171, Manor Way, Mitcham, Greater London CR4 1EN3
£435K03/210.1 mi126, Abbotts Road, Mitcham, Greater London CR4 1JW3
£452K12/220.11 mi36, Malvern Close, Mitcham, Greater London CR4 1EH3
£418K02/210.12 mi12, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£490K12/220.12 mi25, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£461K07/220.13 mi30, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£495K11/220.13 mi8, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£550K05/230.13 mi31, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£450K05/230.16 mi16, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£517.5K07/230.16 mi20, Rosemead Avenue, Mitcham, Greater London CR4 1EY3
£540K06/230.18 mi12, Rowan Road, London, Greater London SW16 5JL3
£425K06/210.18 mi63, Greenwood Road, Mitcham, Greater London CR4 1PF3
£545K12/220.18 mi25, Rosemead Avenue, Mitcham, Greater London CR4 1EZ3
£470K11/220.2 mi80, Oxford Close, Mitcham, Greater London CR4 1DZ3
£476.1K06/210.2 mi88, Oxford Close, Mitcham, Greater London CR4 1DZ3
£433K11/200.21 mi35, Manor Way, Mitcham, Greater London CR4 1EG3
£490K01/210.21 mi1, Manor Way, Mitcham, Greater London CR4 1EG3
£457K07/230.21 mi3, Manor Way, Mitcham, Greater London CR4 1EG3
£450K06/230.21 mi61, Manor Way, Mitcham, Greater London CR4 1EG3
£490K06/210.25 mi12, Tomblin Mews, London, Greater London SW16 5FR3
£400K12/200.25 mi1, Manor Road, Mitcham, Greater London CR4 1JG3
£537.5K06/210.25 mi41, Manor Road, Mitcham, Greater London CR4 1JG3
£436K09/210.27 mi4, Oriel Close, Mitcham, Greater London CR4 1PA3
£495K11/200.28 mi13, Middle Way, London, Greater London SW16 4HN3
£487K02/210.3 mi22, St Olaves Walk, London, Greater London SW16 5QQ3
£420K06/210.32 mi25, Church Walk, London, Greater London SW16 5JH3
£490K03/230.33 mi26, Elm Gardens, Mitcham, Greater London CR4 1LY3
£478K12/200.33 mi42, Dahlia Gardens, Mitcham, Greater London CR4 1LA3
£410K11/200.34 mi24, Fern Avenue, Mitcham, Greater London CR4 1LS3
£429K02/210.34 mi29, Lyndhurst Avenue, London, Greater London SW16 4UG3
£471.5K03/210.34 mi11, Marlowe Square, Mitcham, Greater London CR4 1DT3
£425K04/210.35 mi29, Dahlia Gardens, Mitcham, Greater London CR4 1LB3
£495K04/230.37 mi146, Rowan Road, London, Greater London SW16 5JQ3
£475K07/220.39 mi401, Commonside East, Mitcham, Greater London CR4 1HG3
£435K06/210.39 mi399, Commonside East, Mitcham, Greater London CR4 1HG3
£400K11/220.4 mi22, Caernarvon Close, Mitcham, Greater London CR4 1XD3
£375K12/200.4 mi86, Caernarvon Close, Mitcham, Greater London CR4 1XE3
£425K04/210.41 mi27, Worthington Close, Mitcham, Greater London CR4 1JQ3
£440K05/210.41 mi11, Norbury Cross, London, Greater London SW16 4JG3
£525K07/230.42 mi24, Lymington Close, London, Greater London SW16 4QL3
£422K11/200.42 mi201, Tamworth Lane, Mitcham, Greater London CR4 1DH3
£415K07/230.42 mi11, New Barns Avenue, Mitcham, Greater London CR4 1LG3
£490K03/210.42 mi12, Cranesbill Close, London, Greater London SW16 5QL3
£600K08/220.43 mi39, Tamworth Park, Mitcham, Greater London CR4 1HZ3
£452K06/230.44 mi196, Tamworth Lane, Mitcham, Greater London CR4 1DE3
£465K02/210.45 mi21, Norbury Rise, London, Greater London SW16 4JF3
£515K02/230.46 mi49, St Georges Road, Mitcham, Greater London CR4 1ED3

Local Rents

32 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.07 mi-3
£2,60004/240.1 miRobinhood Close, Mitcham, Surrey3
£2,30003/240.18 miRosemead Avenue, Mitcham, CR43
£2,35002/250.28 mi-3
£1,90003/240.3 miWalton Way 3
£2,35003/240.3 mi-3
£2,00009/240.31 miBeckway Road, SW163
£2,80009/240.4 miNorbury Cross, Norbury , SW163
£2,27503/250.42 mi-3
£2,40003/240.43 miCrossways Road, Mitcham, Surrey, CR43
£2,30003/240.44 mi-3
£2,10009/240.44 mi-3
£2,30005/240.44 miBeech Grove, Mitcham, CR43
£2,10003/240.46 miCommonside East, Mitcham, CR43
£2,10009/240.46 mi-3
£2,20009/240.46 mi-3
£2,30005/240.46 mi-3
£2,30004/250.46 mi-3
£2,30004/250.46 mi-3
£2,20012/240.46 mi-3
£2,10004/250.47 mi-3
£2,30003/250.49 mi-3
£2,70009/240.5 miBENETT GARDENS, Norbury, London, SW163
£2,10009/240.51 miIsham Road, London, SW163
£2,00009/240.53 mi-3
£2,50004/240.53 miNeptune Court, Mitcham, CR43
£2,60005/240.54 miMeopham Road, Mitcham, CR43
£2,60005/240.56 mi-3
£3,00003/240.58 mi-3
£3,00003/240.58 miNeptune Court, Mitcham, CR43
£2,16004/240.58 miVenice House, Mitcham, CR43
£2,30003/240.6 miAventine Avenue, MITCHAM3

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £425,000

October 17, 2024

Floor Plans

Description

  • Three bedroom house +
  • Potential to extend +
  • Well-maintained exterior +
  • Close to good transport links +
  • Large garden +
  • Garage +
  • Good school catchment area +
  • Chain free +
  • EPC rating: D +

A spacious three-bedroom home set on the well-connected Manor Road.

The property comprises; three well-proportioned bedrooms, one bathroom, a cosy living room, a dining room, a kitchen leading to a large garden to the rear of the property and a garage.

This freehold house would be perfect for a first time buyer or a home mover looking for a property to update.

The property is ideally located at the foot of Streatham Vale, a walk from Streatham Common and Mitcham Eastfield Stations with direct access to Central London via Clapham Junction, London Bridge and London Victoria.
The property benefits from access to several bus routes in the area.

The OFSTED highly rated Woodmansterne and Granton Schools are a short walk away as are the shops, bars and restaurants in Streatham Vale.

Agent Details

Oaks Estate Agents, Streatham

020 3834 8291

Next Steps?

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