2 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 1SF, £375,000

9 Acacia Road, Mitcham, CR4 1SF - 1 views - 4 months ago

Refurb/BRRR

ROI: 2%

73 m²

+8 photos

ValuationFair Value

Sold Prices	£350K - £550K
Sold Prices/m²	£4K/m² - £9.2K/m²

Square Metres	73 m²
Price/m²	£5.1K/m²
Value Estimate	£375,000£375,000

End Value (After Refurb)	£369,880£369,880

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£26,200£26,200
Refurb Costs	£38,630£38,630
Bridging Loan Interest	£9,844£9,844
Total Cash In	£170,174£170,174

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£369,880£369,880
Mortgage (After Refinance)	£277,410£277,410
Mortgage LTV	75%75%
Cash Left In	£170,174£170,174
Equity	£92,470£92,470
Rent Range	£1,300 - £2,230£1,300 - £2,230
Rent Estimate	£1,773
Running Costs/mo	£1,530£1,530
Cashflow/mo	£243£243
Cashflow/yr	£2,910£2,910
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

36 sold prices from £350K to £550K, average is £435K. £4K/m² to £9.2K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£392K	01/21	0.03 mi	11, Acacia Road, Mitcham, Greater London CR4 1SF	£3,960	99	2	Terraced House
£465K	07/23	0.21 mi	7, Cedars Avenue, Mitcham, Greater London CR4 1HN	-	-	2	Semi-Detached House
£435K	02/21	0.23 mi	75, Commonside East, Mitcham, Greater London CR4 2QB	£4,780	91	2	Semi-Detached House
£370.5K	05/23	0.24 mi	24, Hilary Avenue, Mitcham, Greater London CR4 2LA	-	-	2	Terraced House
£415K	09/21	0.29 mi	49, Commonside East, Mitcham, Greater London CR4 2QA	£5,845	71	2	Terraced House
£369K	10/20	0.29 mi	47, Commonside East, Mitcham, Greater London CR4 2QA	£5,271	70	2	Terraced House
£385K	03/21	0.3 mi	231, Tamworth Lane, Mitcham, Greater London CR4 1DH	£5,580	69	2	Terraced House
£396K	01/23	0.35 mi	50, Firs Close, Mitcham, Greater London CR4 1AY	£7,174	55	2	Terraced House
£470K	01/23	0.37 mi	8, Proctor Close, Mitcham, Greater London CR4 2GX	£7,705	61	2	Terraced House
£427K	10/21	0.55 mi	92a, Meopham Road, Mitcham, Greater London CR4 1BJ	£6,470	66	2	Terraced House
£407.5K	10/20	0.57 mi	325, Commonside East, Mitcham, Greater London CR4 1HE	£5,031	81	2	Semi-Detached House
£450K	09/21	0.57 mi	7, Meopham Road, Mitcham, Greater London CR4 1BH	£6,618	68	2	Terraced House
£435K	11/20	0.59 mi	5, Tomblin Mews, London, Greater London SW16 5FR	£5,649	77	2	Terraced House
£385K	02/21	0.6 mi	80, Lilian Road, London, Greater London SW16 5JT	£6,016	64	2	Terraced House
£475K	09/22	0.6 mi	3, Elmhurst Avenue, Mitcham, Greater London CR4 2HP	-	-	2	Detached House
£350K	03/23	0.68 mi	39, Steers Mead, Mitcham, Greater London CR4 3JX	-	-	2	Terraced House
£456.9K	06/21	0.69 mi	33, Leonard Road, London, Greater London SW16 5SY	£6,815	67	2	Semi-Detached House
£496.5K	12/20	0.69 mi	44, Lilian Road, London, Greater London SW16 5HN	£4,774	104	2	Terraced House
£490K	10/22	0.71 mi	24, Edmund Road, Mitcham, Greater London CR4 3AR	£5,698	86	2	Semi-Detached House
£525K	03/23	0.71 mi	73, Marian Road, London, Greater London SW16 5HR	£7,337	72	2	Terraced House
£467K	07/23	0.71 mi	26, Marian Road, London, Greater London SW16 5HR	£7,532	62	2	Terraced House
£467K	07/23	0.71 mi	26, Marian Road, London, Greater London SW16 5HR	£7,532	62	2	Terraced House
£435K	06/21	0.72 mi	50, Edmund Road, Mitcham, Greater London CR4 3AR	£5,959	73	2	Semi-Detached House
£447K	12/22	0.72 mi	45a, Park Avenue, Mitcham, Greater London CR4 2ER	-	-	2	Terraced House
£400K	10/21	0.74 mi	31, Morland Close, Mitcham, Greater London CR4 3JT	£7,018	57	2	Terraced House
£370K	01/21	0.74 mi	63, Denham Crescent, Mitcham, Greater London CR4 4LZ	£6,495	57	2	Terraced House
£492.5K	08/23	0.75 mi	27, Greyhound Terrace, London, Greater London SW16 5SX	£6,006	82	2	Terraced House
£412K	06/21	0.75 mi	5, Bordergate, Mitcham, Greater London CR4 3JE	-	-	2	Terraced House
£385K	05/21	0.79 mi	172, Lowry Crescent, Mitcham, Greater London CR4 3QW	-	-	2	Terraced House
£405K	03/21	0.81 mi	55, Oakmead Place, Mitcham, Greater London CR4 3RU	-	-	2	Terraced House
£550K	06/23	0.83 mi	37a, Thirsk Road, Mitcham, Greater London CR4 2BL	£9,167	60	2	Terraced House
£440K	01/21	0.85 mi	37, Dalton Avenue, Mitcham, Greater London CR4 3DT	£5,570	79	2	Terraced House
£430K	12/22	0.9 mi	30, Church Path, Mitcham, Greater London CR4 3BN	£5,811	74	2	Terraced House
£497.5K	06/23	0.93 mi	5, Rural Way, London, Greater London SW16 6PF	-	-	2	Semi-Detached House
£445K	08/21	0.96 mi	44, Brookfields Avenue, Mitcham, Greater London CR4 4BN	£8,656	51	2	Semi-Detached House
£540K	05/23	1 mi	444, Southcroft Road, London, Greater London SW16 6QX	£5,510	98	2	Terraced House

Local Rents

43 rents from £1.3K/mo to £2.2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	04/24	0.07 mi	Acacia Road, Mitcham, CR4	2	Semi-Detached House
£1,700	03/24	0.12 mi	-	2	Flat
£2,000	05/24	0.13 mi	Jupiter House, Mitcham, CR4	2	Flat
£2,000	05/24	0.13 mi	-	2	Flat
£1,700	03/24	0.15 mi	Verona House, Mitcham, CR4	2	Flat
£1,700	04/24	0.15 mi	-	2	Flat
£1,800	01/25	0.15 mi	-	2	Flat
£1,850	03/25	0.22 mi	-	2	Flat
£1,950	04/24	0.23 mi	159 Commonside East Mitcham CR4	2	Flat
£2,000	05/24	0.23 mi	159 Commonside East Mitcham CR4	2	Flat
£1,950	05/24	0.23 mi	159 Commonside East Mitcham CR4	2	Flat
£2,000	05/24	0.23 mi	159 Commonside East Mitcham CR4	2	Flat
£2,000	05/24	0.23 mi	159 Commonside East Mitcham CR4	2	Flat
£1,600	04/24	0.24 mi	Imperial Gardens, Mitcham, Surrey, CR4	2	Flat
£1,800	03/25	0.28 mi	-	2	Flat
£2,000	03/24	0.28 mi	Pentlands Close, London, CR4	2	Bungalow
£2,000	03/24	0.28 mi	-	2	Bungalow
£1,450	04/24	0.35 mi	Pearson Way -Mitcham - 2 bedroom - Balcony	2	Flat
£1,450	03/24	0.35 mi	Pearson Way -Mitcham - 2 bedroom - Balcony	2	Flat
£1,450	05/24	0.35 mi	2 bedroom apartment - Slade Way - Mitcham - CR4 2GB	2	Flat
£1,650	03/24	0.37 mi	-	2	Flat
£1,650	03/25	0.37 mi	-	2	Flat
£1,750	03/24	0.37 mi	Proctor Close, Mitcham, CR4	2	Flat
£1,650	03/24	0.37 mi	Slade Way, Mitcham, CR4	2	Flat
£1,600	03/24	0.37 mi	Summerhill Way, MITCHAM	2	Flat
£1,650	03/24	0.37 mi	Summerhill Way Mitcham CR4	2	Flat
£1,650	03/24	0.4 mi	Tamworth Park, Mitcham, CR4	2	Flat
£1,700	02/24	0.41 mi	-	2	Flat
£1,950	01/25	0.41 mi	-	2	Terraced House
£1,750	04/24	0.46 mi	-	2	Flat
£1,797	12/24	0.5 mi	-	2	Flat
£1,797	12/24	0.5 mi	-	2	Flat
£1,300	03/24	0.51 mi	Kingsleigh Place, Mitcham, Surrey, CR4	2	Flat
£1,900	03/25	0.51 mi	-	2	Semi-Detached House
£1,800	04/24	0.51 mi	Kingsleigh Place, Mitcham, Surrey, CR4	2	Flat
£1,350	02/24	0.52 mi	-	2	House
£1,700	03/24	0.54 mi	Eveline Road Mitcham CR4	2	Flat
£1,700	04/24	0.54 mi	Eveline Road Mitcham CR4	2	Flat
£1,700	04/24	0.55 mi	Eveline Road, Mitcham	2	Flat
£2,230	09/24	0.59 mi	-	2	Flat
£1,900	05/24	0.59 mi	-	2	Semi-Detached House
£2,100	03/25	0.61 mi	-	2	Flat
£1,695	04/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in CR4	58,28658,286
Town centre distance	0.40 miles away0.40 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.12 miles away0.12 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Price changed to £375,000

March 12, 2025

Listed for £400,000

November 21, 2024

Description

Cromwells Wallington are delighted to offer this charming two double bedroom terraced family home. The property requires modernisation, but benefits from an en-suite WC, a spacious kitchen/breakfast room and no onward chain.

The property is conveniently located within easy access of Mitcham, Streatham and Tooting, with railway services from Mitcham Eastfields just a short distance away. Numerous regular bus routes also offer good connections to the surrounding area. There are a variety of local shops and amenities nearby, with Mitcham and Colliers Wood providing a larger selection as well as restaurants and bars.

Accommodation - UPVC double glazed entrance porch

Wooden front door to..

Lounge/diner, 13’9” X 13’2”
UPVC double glazed sash windows to front aspect, modern radiator, picture rail.

Kitchen/breakfast room, 13’6” X 10’2”
Range of fitted wooden wall units with matching cupboards and drawers below, granite effect roll top work surfaces with inlaid stainless steel sink and chrome mixer tap, inlaid five ring gas hob with extractor fan above, space and plumbing for dishwasher, integrated oven/grill, space for tall standing fridge/freezer, access to under stairs storage cupboard, UPVC double glazed window to rear aspect, modern radiator, picture rail, utility area with space and plumbing for washing machine/tumble dryer and access to garden.

Downstairs bathroom, 7’0” X 5’11”
Comprising panel enclosed bath with chrome mixer tap and thermostatic shower with hand attachment, wash hand basin with chrome mixer tap, low-level push button flush WC, double panel radiator, obscure UPVC double glazed window to rear aspect, extractor fan, cupboard housing boiler.

Stairs to 1st floor landing
Loft access

Bedroom one, 13’2” X 10’3”
UPVC double glazed sash window to rear aspect, double panel radiator, built-in wardrobe.

Ensuite WC
Consisting of low-level push button flush WC, wash hand basin with chrome mixer tap and storage cupboards below, obscure glazed window to rear aspect, double paddle radiator.

Bedroom two, 13’2” X 9’11”
UPVC double glazed sash windows to front aspect, double panel radiator, built-in wardrobe.

Rear garden
Hard standing with ideal seating areas and shrubs bordering, fence enclosed.

Agent Details

Cromwells Estate Agents, Wallington

020 8647 4422

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed Bungalow, Refurb/BRRR, Mitcham, CR4 1SR

£475,000

1 views • 2 years ago • 78 m²

2 Bed House, Refurb/BRRR, Mitcham, CR4 2JQ

£415,000

3 views • 3 months ago • 68 m²

3 Bed House, Refurb/BRRR, Mitcham, CR4 2PG

£480,000

5 views • 2 months ago • 93 m²

Sold STC

3 Bed House, Refurb/BRRR, Mitcham, CR4 2HB

£800,000

2 months ago • 93 m²