3 Bed Terraced House, Single Let, Mitcham, CR4 3PJ, £270,000

Phipps Bridge Road, Colliers Wood Borders, CR4 3PJ - 1 views - 4 months ago

Leasehold
BTL
ROI: 8%
~69 m²
+10 photos

ValuationUndervalued

Sold Prices£220K - £1.2M
Sold Prices/m²£4.4K/m² - £11.9K/m²

 

 

Square Metres

~68.80 m²
Price/m²£3.9K/m²

Value Estimate

£324,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Total Cash In

£83,200

 

 

Cash Out

 

Rent Range

£1,600 - £3,900

Rent Estimate

£1,800

Running Costs/mo

£1,224

Cashflow/mo

£576

Cashflow/yr

£6,915

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £220K to £1.2M, average is £560K. £4.4K/m² to £11.9K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£730K07/230.02 mi225, Phipps Bridge Road, London, Greater London SW19 2SS3
£580K08/210.13 mi20, Dreadnought Close, London, Greater London SW19 2TA3
£515K07/210.14 mi22, Homefield Gardens, Mitcham, Greater London CR4 3BY3
£575K11/230.16 mi33, Sheldrick Close, London, Greater London SW19 2UG3
£539K01/210.17 mi60, Haslemere Avenue, Mitcham, Greater London CR4 3BA3
£560K06/210.27 mi27, Willow View, London, Greater London SW19 2UR3
£510K03/210.28 mi18, Hogarth Crescent, London, Greater London SW19 2DW3
£525K04/230.3 mi63, Hogarth Crescent, London, Greater London SW19 2DN3
£416K03/210.32 mi35, Sycamore Gardens, Mitcham, Greater London CR4 3QP3
£560K12/200.32 mi3, Palestine Grove, London, Greater London SW19 2QN3
£575.3K02/230.34 mi16, Oakwood Avenue, Mitcham, Greater London CR4 3DP3
£452.5K01/210.36 mi48, Bank Avenue, Mitcham, Greater London CR4 3DU3
£605K06/210.36 mi2, Palestine Grove, London, Greater London SW19 2QN3
£500K03/230.36 mi37, Ashtree Avenue, Mitcham, Greater London CR4 3DS3
£438K02/210.37 mi27, Bank Avenue, Mitcham, Greater London CR4 3DW3
£550K11/220.38 mi39, Mount Road, Mitcham, Greater London CR4 3EZ3
£405K06/230.39 mi63, Belgrave Walk, Mitcham, Greater London CR4 3QQ3
£440K04/210.39 mi54, Glebe Avenue, Mitcham, Greater London CR4 3DY3
£410K04/210.41 mi31, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£375K03/210.41 mi49, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£465K03/210.41 mi10, Lewis Road, Mitcham, Greater London CR4 3DE3
£620K01/240.43 mi15, Parkleigh Road, London, Greater London SW19 3BU3
£710K03/210.44 mi38, Dane Road, London, Greater London SW19 2NB3
£431.8K03/210.48 mi10a, Lewis Road, Mitcham, Greater London CR4 3DE3
£710K04/210.49 mi22, Meadow Road, London, Greater London SW19 2ND3
£545K06/230.5 mi29, Willmore End, London, Greater London SW19 3DE3
£837K06/230.5 mi88, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EN3
£773K01/240.52 mi75, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EH3
£860K01/240.52 mi13, Mill Road, London, Greater London SW19 2NE3
£765K11/210.52 mi39, Mill Road, London, Greater London SW19 2NE3
£865K10/210.52 mi2, Mill Road, London, Greater London SW19 2NE3
£525K05/230.53 mi39, Abbotsbury Road, Morden, Greater London SM4 5LJ3
£760K03/240.53 mi13, Croft Road, London, Greater London SW19 2NF3
£750K12/200.53 mi17, Sandbourne Avenue, Merton Park, London, Greater London SW19 3EW3
£540K12/220.54 mi8, Tyrrell Square, Mitcham, Greater London CR4 3SD3
£850K11/210.56 mi36, Charnwood Avenue, London, Greater London SW19 3EJ3
£900K01/230.57 mi17, Charminster Avenue, London, Greater London SW19 3EL3
£220K03/230.57 mi20, Church Path, Mitcham, Greater London CR4 3BN3
£411.1K11/210.57 mi22, Church Path, Mitcham, Greater London CR4 3BN3
£430K10/210.57 mi15, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£410K05/210.57 mi11, Frimley Gardens, Mitcham, Greater London CR4 3AQ3
£485K03/210.59 mi22, Oakmead Place, Mitcham, Greater London CR4 3RU3
£945K03/210.6 mi1, Erridge Road, London, Greater London SW19 3JA3
£750K06/210.6 mi80, Kenley Road, London, Greater London SW19 3DS3
£780K05/230.6 mi6, Bathurst Avenue, London, Greater London SW19 3AE3
£950K04/210.6 mi63, Dorset Road, London, Greater London SW19 3HE3
£1.2M01/230.6 mi73, Dorset Road, London, Greater London SW19 3HE3
£510K01/230.61 mi6, Heyford Road, Mitcham, Greater London CR4 3EU3
£905.8K10/200.61 mi41, Victory Road, London, Greater London SW19 1HW3
£900K08/210.62 mi20, Queensland Avenue, London, Greater London SW19 3AD3

Local Rents

41 rents from £1.6K/mo to £3.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£1,85005/240.15 miPhipps Bridge Road, Mitcham, CR43
£2,00010/240.16 mi-3
£2,30009/240.17 miNew Close, Colliers Wood, London, SW193
£1,80005/240.29 mi-3
£1,80005/240.29 mi-3
£2,20003/250.32 mi-3
£1,97503/240.32 miOakwood Avenue, MITCHAM3
£2,65010/240.32 mi-3
£2,80009/240.32 mi-3
£1,80005/240.33 miOakwood Avenue, Colliers Wood Borders3
£2,50012/240.33 mi-3
£2,40012/240.33 mi-3
£2,40003/240.33 mi-3
£2,50003/250.33 mi-3
£2,60009/240.34 miRunnymede, Colliers Wood, London, SW193
£2,50012/240.36 miSaxonbury Close, MITCHAM3
£2,35012/240.36 mi-3
£2,60009/240.37 mi-3
£1,80009/240.37 miLiberty Avenue, Colliers Wood, London, SW193
£2,70002/250.37 mi-3
£2,30003/250.42 mi-3
£2,40009/240.45 miNelson Grove Road, South Wimbledon, London, SW193
£2,70001/250.47 mi-3
£2,00005/240.47 miLewis Road, Tooting3
£2,40003/240.47 miRodney Road, MITCHAM3
£2,40003/240.48 miRodney Road, Mitcham, Surrey, CR43
£1,95005/240.49 miMiles Road, Mitcham, Surrey, CR43
£3,90009/240.52 miSandbourne Avenue, London, SW193
£3,90009/240.52 mi-3
£2,74909/240.52 miCroft Road, London, SW193
£2,74909/240.52 mi-3
£2,50009/240.57 miThe Path, Wimbledon3
£2,57512/240.57 mi-3
£2,70009/240.58 mi-3
£1,90012/240.59 mi-3
£2,85001/250.59 mi-3
£2,00003/240.59 miLavendar Avenue, Mitcham, CR43
£2,45002/250.6 mi-3
£2,30010/240.61 mi-3
£1,60003/250.62 mi-3
£1,60003/250.62 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £270,000

December 26, 2024

Listed for £280,000

November 16, 2024

Floor Plans

Description

  • 3 Double Bedrooms +
  • 9th Floor With Stunning Views +
  • Contemporary Bathroom +
  • Modern Kitchen +
  • Bright & Large Living/Diner +
  • Private Terrace & 2nd Balcony +
  • Walking Distance To Colliers Wood Tube & Tram +
  • Large Communal Gardens +
  • Split Level Apartment +
  • Ideal Investment or First Time Purchase +

Located on the border of Colliers Wood, you're within walking distance of the Tube Station, Tram Shop and local shops. Up to the 9th floor of this purpose built block, we have very special views including the City Of London. Across the threshold, we have a wide and inviting entrance hall with understairs storage. The modern kitchen has a wealth of cabinets and fitted appliances. Through to the living and dining room, we have an amply space to accommodate a work station too. Outside we find the near on 14ft wide terrace offering some of those amazing views. Upstairs, the landing offers a double width storage cupboard. The contemporary bathroom has full sized bathroom and full suite. 2 double bedroom next to each another with one having a balcony. To the front we have the principle double bedroom being the full width of the property. The lease is 125 years from 24 June 1985. The service charges are approximately £1,000p/a. The ground rent is £25p/a. The development comes with off-street parking on a first come first served basis. The electric, water and sewage are mains connected. Gas central heating. The property is not listed or in a conservation area. EPC 'D'

Agent Details

eddisonwhite, Merton - Sales & Lettings

03301 654813

Next Steps?

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