3 Bed Terraced House, Planning Permission, Mitcham, CR4 3QG, £400,000

Gale Close, Mitcham, CR4 3QG - 6 views - 5 months ago

Sold STC
Planning
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£220K - £730K
Sold Prices/m²£4.4K/m² - £8.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£488,000
BMV22%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,500 - £4,800

Rent Estimate

£1,613

Running Costs/mo

£1,593

Cashflow/mo

£20

Cashflow/yr

£245

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £730K, average is £469K. £4.4K/m² to £8.9K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£405K06/230.16 mi63, Belgrave Walk, Mitcham, Greater London CR4 3QQ3
£220K03/230.19 mi20, Church Path, Mitcham, Greater London CR4 3BN3
£411.1K11/210.19 mi22, Church Path, Mitcham, Greater London CR4 3BN3
£416K03/210.31 mi35, Sycamore Gardens, Mitcham, Greater London CR4 3QP3
£430K10/210.31 mi15, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£410K05/210.31 mi11, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£452.5K01/210.32 mi48, Bank Avenue, Mitcham, Greater London CR4 3DU3
£375K05/210.33 mi3, Morden Gardens, Mitcham, Greater London CR4 4DH3
£495K05/230.33 mi26, Morden Gardens, Mitcham, Greater London CR4 4DH3
£438.3K11/200.33 mi15, Morden Gardens, Mitcham, Greater London CR4 4DH3
£475K05/230.33 mi33, Morden Gardens, Mitcham, Greater London CR4 4DH3
£438K02/210.34 mi27, Bank Avenue, Mitcham, Greater London CR4 3DW3
£440K04/210.34 mi54, Glebe Avenue, Mitcham, Greater London CR4 3DY3
£410K04/210.36 mi31, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£375K03/210.36 mi49, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£365K06/210.37 mi34, Heatherdene Close, Mitcham, Greater London CR4 4EW3
£480K04/230.37 mi27, Heatherdene Close, Mitcham, Greater London CR4 4EW3
£465K03/210.39 mi10, Lewis Road, Mitcham, Greater London CR4 3DE3
£655K01/230.4 mi139, Wandle Road, Morden, Greater London SM4 6AA3
£575.3K02/230.4 mi16, Oakwood Avenue, Mitcham, Greater London CR4 3DP3
£350K03/230.41 mi92, Rawnsley Avenue, Mitcham, Greater London CR4 4BX3
£500K03/230.41 mi37, Ashtree Avenue, Mitcham, Greater London CR4 3DS3
£539K01/210.41 mi60, Haslemere Avenue, Mitcham, Greater London CR4 3BA3
£431.8K03/210.43 mi10a, Lewis Road, Mitcham, Greater London CR4 3DE3
£420K06/210.43 mi9, Russell Road, Mitcham, Greater London CR4 3AP3
£410K11/200.43 mi11, Crescent Grove, Mitcham, Greater London CR4 4BL3
£730K07/230.46 mi225, Phipps Bridge Road, London, Greater London SW19 2SS3
£530K07/230.47 mi12, Baron Grove, Mitcham, Greater London CR4 4EH3
£515K07/210.48 mi22, Homefield Gardens, Mitcham, Greater London CR4 3BY3
£400K11/200.49 mi18, Taffys How, Mitcham, Greater London CR4 3AX3
£605K04/230.49 mi33, Bayham Road, Morden, Greater London SM4 5JH3
£575K11/230.5 mi33, Sheldrick Close, London, Greater London SW19 2UG3
£540K06/210.51 mi10, Arras Avenue, Morden, Greater London SM4 6DF3
£580K08/210.51 mi20, Dreadnought Close, London, Greater London SW19 2TA3
£485K04/210.51 mi30, Central Road, Morden, Greater London SM4 5RT3
£457.5K11/200.51 mi12, Queen Annes Gardens, Mitcham, Greater London CR4 3AN3
£267K08/210.52 miFlat 69, Glebe Court, London Road, Mitcham, Greater London CR4 3NF3
£470K08/230.52 mi23, Brookfields Avenue, Mitcham, Greater London CR4 4BP3
£387K04/210.52 mi471, London Road, Mitcham, Greater London CR4 4BB3
£572.5K11/200.53 mi481, London Road, Mitcham, Greater London CR4 4BB3
£468K05/210.53 mi19, Beeleigh Road, Morden, Greater London SM4 5JP3
£550K11/220.54 mi39, Mount Road, Mitcham, Greater London CR4 3EZ3
£470K11/200.54 mi9, Beeleigh Road, Morden, Greater London SM4 5JP3
£450K02/210.55 mi88, Beeleigh Road, Morden, Greater London SM4 5JW3
£525K05/230.55 mi39, Abbotsbury Road, Morden, Greater London SM4 5LJ3
£550K02/230.56 mi18, Beeleigh Road, Morden, Greater London SM4 5JW3
£515K10/220.57 mi46, Cricket Green, Mitcham, Greater London CR4 4LA3
£560K05/230.58 mi15, Hazelwood Avenue, Morden, Greater London SM4 5RS3
£525K04/230.58 mi63, Hogarth Crescent, London, Greater London SW19 2DN3
£510K03/210.58 mi18, Hogarth Crescent, London, Greater London SW19 2DW3

Local Rents

51 rents from £1.5K/mo to £4.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,70003/250.07 mi-3
£2,50012/240.11 miSaxonbury Close, MITCHAM3
£1,80005/240.16 mi-3
£1,80005/240.16 mi-3
£2,50003/250.17 mi-3
£2,20003/250.17 mi-3
£2,20003/250.17 mi-3
£2,20003/250.17 mi-3
£1,95005/240.26 miMiles Road, Mitcham, Surrey, CR43
£2,30003/250.28 mi-3
£1,85005/240.3 miPhipps Bridge Road, Mitcham, CR43
£2,30009/240.3 miNew Close, Colliers Wood, London, SW193
£2,40003/240.32 miRodney Road, MITCHAM3
£2,45002/250.32 mi-3
£2,40003/240.32 miRodney Road, Mitcham, Surrey, CR43
£2,35012/240.33 mi-3
£2,00010/240.34 mi-3
£1,90008/240.37 mi-3
£2,40003/240.39 mi-3
£1,97503/240.4 miOakwood Avenue, MITCHAM3
£1,80005/240.4 miOakwood Avenue, Colliers Wood Borders3
£2,75004/250.41 mi-3
£2,30003/250.42 mi-3
£2,40012/240.42 miBroadway Gardens, Mitcham, Merton, CR43
£2,50012/240.42 mi-3
£2,40012/240.42 mi-3
£2,00005/240.43 miLewis Road, Tooting3
£2,53003/250.44 mi-3
£1,60003/250.44 mi-3
£1,60004/250.44 mi-3
£4,80003/240.46 miLondon Road, Mitcham, Surrey, CR43
£4,50002/240.47 mi-3
£4,50005/240.47 mi-3
£2,20003/250.48 mi-3
£2,40003/240.51 miQueen Annes Gardens, Mitcham, CR43
£2,27501/250.51 mi-3
£2,27502/250.51 mi-3
£2,50012/240.51 mi-3
£2,50012/240.51 mi-3
£2,50012/240.51 mi-3
£2,50012/240.51 mi-3
£2,50012/240.51 mi-3
£1,50012/240.51 mi-3
£2,40003/240.51 miQueen Annes Gardens, Mitcham, Surrey, CR43
£2,85001/250.54 mi-3
£1,50010/230.54 miRiverside Drive, Mitcham, CR43
£2,00003/240.57 miCricket Green, Mitcham, Surrey, CR43
£2,25008/240.57 miRavensbury Avenue, Morden, SM43
£2,25008/240.57 mi-3
£2,35004/240.58 miCricket Green, MITCHAM3
£1,90012/240.59 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £400,000

October 29, 2024

Floor Plans

Description

  • No Chain! +
  • Located Close To Schools And Nurseries +
  • Private Driveway Parking +
  • Ample Storage +
  • Close To Transport Links +
  • Viewings Seven Days A Week! +

This terraced house in Mitcham provides a practical living solution with its three-bedroom layout, ideal for families. The property is freehold and comes with the added convenience of no chain, streamlining the purchasing process. Located close to local schools and nurseries, it ensures educational facilities are easily accessible.

The home features private driveway parking, removing the hassle of street parking. Inside, you'll find ample storage solutions, making it easier to keep the living space organized. The proximity to transport links further enhances the appeal of this property for commuters or those who enjoy exploring the wider area.

Mitcham offers a range of amenities and green spaces for leisure activities, contributing to a balanced lifestyle. The area's well-connected transport network makes travel straightforward, whether for work or leisure. Take advantage of this opportunity and arrange your viewing today.

Material Information
Local Authority: London Borough of Merton
Utilities at Property: Gas & Electricity (British Gas), Water (Thames Water)
Parking: Driveway Parking
Rights: None
Restrictive Covenants: None
Live Planning Permission: None
Known Damp/Flooding Issues: None
Known Cladding/Construction Issues: None

Agent Details

Laurels, London & Prime

020 3856 8039

Next Steps?

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