3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 1XX, £375,000

75 Shropshire Close, Mitcham, Greater London, CR4 1XX - 7 views - 5 months ago

Sold STC
Refurb/BRRR
135 m²
+13 photos

ValuationFair Value

Sold Prices£340K - £685K
Sold Prices/m²£3.6K/m² - £5.4K/m²

 

 

Square Metres

135.15 m²
Price/m²£2.8K/m²

Value Estimate

£375,000

 

 

End Value (After Refurb)

£634,037

Uplift in Value

+69%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£71,518

Bridging Loan Interest

£9,844

Total Cash In

£195,562

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£634,037

Agent Fees (1%)

£6,340

Bridging Loan

£281,250

Bridging Loan Interest

£9,844

Flip Profit

£150,885

Local Sold Prices

50 sold prices from £340K to £685K, average is £445K. £3.6K/m² to £5.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£375K04/230.08 mi64, Berkshire Way, Mitcham, Greater London CR4 1QT3
£475K02/230.08 mi158, Galpins Road, Thornton Heath, Greater London CR7 6EF3
£450K10/210.1 mi137, Galpins Road, Thornton Heath, Greater London CR7 6EU3
£380K08/210.11 mi47, Lindsey Close, Mitcham, Greater London CR4 1XQ3
£380K12/200.12 mi80, Tavistock Crescent, Mitcham, Greater London CR4 1QG3
£385K12/220.16 mi64, Kent Close, Mitcham, Greater London CR4 1XP3
£615K02/220.17 mi4, Namton Drive, Thornton Heath, Greater London CR7 6EP3
£420K05/210.18 mi3, Mayfield Crescent, Thornton Heath, Greater London CR7 6DH3
£407K06/210.18 mi235, Silverleigh Road, Thornton Heath, Greater London CR7 6DX3
£450K02/210.18 mi92, Carisbrooke Road, Mitcham, Greater London CR4 1QE3
£465K02/210.18 mi90, Carisbrooke Road, Mitcham, Greater London CR4 1QE3
£380K06/210.18 mi48, Carisbrooke Road, Mitcham, Greater London CR4 1QE3
£456K06/220.19 mi231, Silverleigh Road, Thornton Heath, Greater London CR7 6DX3
£425K03/210.21 mi65, Mayfield Road, Thornton Heath, Greater London CR7 6DN3
£470K12/200.22 mi72, Pollards Hill South, London, Greater London SW16 4NB3
£425K03/210.24 mi326, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£455K04/210.24 mi348, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£390K02/210.24 mi320, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£430K12/220.24 mi298, Galpins Road, Thornton Heath, Greater London CR7 6EH3
£340K03/210.25 mi78, Mayfield Road, Thornton Heath, Greater London CR7 6DJ3
£507K05/230.27 mi118, Leander Road, Thornton Heath, Greater London CR7 6JW3
£400K11/220.28 mi22, Caernarvon Close, Mitcham, Greater London CR4 1XD3
£380K02/210.29 mi207, Silverleigh Road, Thornton Heath, Greater London CR7 6DT3
£475K02/210.29 mi89, Leander Road, Thornton Heath, Greater London CR7 6JZ3
£470K03/210.29 mi101, Leander Road, Thornton Heath, Greater London CR7 6JZ3
£375K12/200.3 mi86, Caernarvon Close, Mitcham, Greater London CR4 1XE3
£480K03/230.3 mi69, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LE3
£405K04/210.3 mi190, Silverleigh Road, Thornton Heath, Greater London CR7 6DS3
£520K01/230.32 mi129, Fairlands Avenue, Thornton Heath, Greater London CR7 6HJ3
£410K11/200.32 mi24, Fern Avenue, Mitcham, Greater London CR4 1LS3
£665K04/210.32 mi17, Pollards Hill West, London, Greater London SW16 4NU3
£685K02/230.34 mi69, Pollards Hill South, Norbury, London, Greater London SW16 4LR3
£570K04/210.35 mi10a, Forrest Gardens, London, Greater London SW16 4LP3
£490K03/230.35 mi26, Elm Gardens, Mitcham, Greater London CR4 1LY3
£425K04/210.36 mi29, Dahlia Gardens, Mitcham, Greater London CR4 1LB3
£450K03/210.37 mi58, Headcorn Road, Thornton Heath, Greater London CR7 6JP3
£436K09/210.37 mi4, Oriel Close, Mitcham, Greater London CR4 1PA3
£478K12/200.38 mi42, Dahlia Gardens, Mitcham, Greater London CR4 1LA3
£475K08/220.39 mi31, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£450K06/210.39 mi19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£450K06/210.39 mi19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD3
£435K12/200.4 mi525, Commonside East, Mitcham, Greater London CR4 1HH3
£470K03/230.41 mi4, Grove Road, Thornton Heath, Greater London CR7 6HH3
£470K06/230.41 mi57, Gonville Road, Thornton Heath, Greater London CR7 6DF3
£440K08/210.44 mi78, Silverleigh Road, Thornton Heath, Greater London CR7 6DW3
£395K02/230.45 mi14, Wingate Crescent, Croydon, Greater London CR0 3AL3
£400K06/210.45 mi72, Wingate Crescent, Croydon, Greater London CR0 3AL3
£350K01/210.45 mi28, Wingate Crescent, Croydon, Greater London CR0 3AL3
£415K07/230.45 mi11, New Barns Avenue, Mitcham, Greater London CR4 1LG3
£506.3K12/220.45 mi8, Kirklees Road, Thornton Heath, Greater London CR7 6HP3

Local Rents

32 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,30004/240.08 miGalpins Road, Norbury3
£2,25004/240.08 miGalpins Road Thornton Heath CR73
£2,30002/250.15 mi-3
£2,10003/250.2 mi-3
£2,25009/240.22 miPollards Hill South, London, SW163
£2,25009/240.23 miPollards Hill South, Streatham3
£1,80003/250.26 mi-3
£2,00002/240.33 mi-3
£2,30005/240.36 miBeech Grove, Mitcham, CR43
£2,35002/250.36 mi-3
£2,30005/240.38 mi-3
£2,30003/250.38 mi-3
£2,30003/250.38 mi-3
£2,00012/240.4 miAshley Road, Thornton Heath3
£2,20012/240.44 mi-3
£2,27503/250.46 mi-3
£2,80009/240.47 miNorbury Cross, Norbury , SW163
£1,70003/240.47 miLondon Road, Thornton Heath, CR73
£1,95002/240.48 mi-3
£1,95003/240.48 miWarwick Gardens, London, CR73
£1,90003/240.48 miWarwick Gardens, London Road, Thornton Heath, CR73
£1,75003/240.48 miWarwick Gardens, London Road, Thornton Heath, CR73
£1,95001/250.5 mi-3
£1,85003/250.5 mi-3
£2,00003/240.51 miFairlands Avenue, Thornton Heath, CR73
£2,00003/250.53 mi-3
£1,90012/240.57 mi-3
£2,10003/240.57 miOaklands Avenue, Thornton Heath3
£1,99902/250.57 mi-3
£2,20003/250.58 mi-3
£2,20012/240.6 mi-3
£2,60004/240.61 miRobinhood Close, Mitcham, Surrey3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £375,000

November 3, 2024

Sold for £155,000

2003

Floor Plans

Description

  • Three Bedrooms +
  • 1019sq. ft. +
  • Balcony +
  • Modernisation required +
  • Garden +
  • Garage +

Discover this spacious 3-bedroom house, boasting an impressive 1019 sq. ft. This split-level property offers an ideal blend of indoor and outdoor living, perfect for families or anyone seeking generous space.

On the ground floor, you are welcomed by a bright and airy living area that seamlessly connects to a private garden. Also located on this level is a fully equipped kitchen, and direct access to your own private garage, providing convenient storage or secure parking.

As you make your way to the 1st floor, you'll find a reception room with balcony, perfect for enjoying your morning coffee or evening sunsets. This level also includes a well-proportioned bedroom.

On the 2nd floor, you’ll find two further spacious bedrooms, offering plenty of natural light and comfort. These rooms are ideal for creating a peaceful sleeping space or could be adapted to suit your family’s needs. A family bathroom completes this upper level.

Located in the sought-after Shropshire Close, this flat enjoys proximity to local amenities, excellent transport links, and green spaces.

Don't miss out on this gem!

Agent Details

Livin Estate Agents, Croydon

020 3909 9652

Next Steps?

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