3 Bed Terraced House, Planning Permission, Mitcham, CR4 2BL, £750,000

Thirsk Road, Tooting, CR4 2BL - 5 views - 4 months ago

Under Offer
Planning
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£210.5K - £817.5K
Sold Prices/m²£2.4K/m² - £10.3K/m²

 

 

Square Metres

~93 m²
Price/m²£8.1K/m²

Value Estimate

£586,116

 

 

End Value (After Refurb)

£687,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£51,500

Refurb Costs

£49,214

Bridging Loan Interest

£19,688

Total Cash In

£309,651

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£687,500

Mortgage (After Refinance)

£515,625

Mortgage LTV

75%

Cash Left In

£309,651

Equity

£171,875

Rent Range

£1,600 - £3,500

Rent Estimate

£2,679

Running Costs/mo

£2,704

Cashflow/mo

£-25

Cashflow/yr

£-303

Gross Yield

4%

Local Sold Prices

50 sold prices from £210.5K to £817.5K, average is £622.5K. £2.4K/m² to £10.3K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£542K11/200.01 mi35, Thirsk Road, Mitcham, Greater London CR4 2BL3
£670K09/210.01 mi20, Thirsk Road, Mitcham, Greater London CR4 2BD3
£536K11/210.04 mi7, Stanley Road, Mitcham, Greater London CR4 2BH3
£501K11/200.05 mi34, Stanley Road, Mitcham, Greater London CR4 2BH3
£575K03/210.05 mi38, Stanley Road, Mitcham, Greater London CR4 2BH3
£530K11/200.09 mi86, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£559K02/210.09 mi96, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£680K02/230.09 mi16, Ashbourne Road, Mitcham, Greater London CR4 2BA3
£477.5K08/210.12 mi44, Gorringe Park Avenue, Mitcham, Greater London CR4 2DG3
£640K11/200.12 mi79, Links Road, London, Greater London SW17 9EF3
£775K10/230.14 mi126, Links Road, London, Greater London SW17 9ES3
£625K09/210.16 mi26, Carlingford Gardens, Mitcham, Greater London CR4 2AT3
£625K12/210.17 mi19, Frinton Road, London, Greater London SW17 9EH3
£535K09/210.18 mi13, Woodland Way, Mitcham, Greater London CR4 2DZ3
£510K01/210.18 mi89, Framfield Road, Mitcham, Greater London CR4 2AW3
£537.5K09/210.19 mi158, Gorringe Park Avenue, Mitcham, Greater London CR4 2DX3
£655K11/200.19 mi81, Ashbourne Road, Mitcham, Greater London CR4 2BF3
£530K05/230.2 mi157, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£550K03/210.2 mi22, Hailsham Road, London, Greater London SW17 9EN3
£695K02/230.21 mi3, Ascot Road, London, Greater London SW17 9JJ3
£710K03/230.21 mi3, Ipswich Road, London, Greater London SW17 9RH3
£762K03/210.21 mi54, Boscombe Road, London, Greater London SW17 9JL3
£747.5K08/230.21 mi55, Boscombe Road, London, Greater London SW17 9JL3
£656K12/230.21 mi18, Boscombe Road, London, Greater London SW17 9JL3
£500K06/210.22 mi16, St James Road, Mitcham, Greater London CR4 2DA3
£817.5K01/210.22 mi10, Ascot Road, London, Greater London SW17 9JJ3
£560K03/210.22 mi151, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£670K01/230.23 mi130, Seely Road, London, Greater London SW17 9QY3
£635K06/210.23 mi146, Seely Road, London, Greater London SW17 9QY3
£710K09/220.24 mi99, Seely Road, London, Greater London SW17 9QP3
£524K05/210.24 mi26, Framfield Road, Mitcham, Greater London CR4 2AL3
£210.5K08/230.25 mi162, Seely Road, London, Greater London SW17 9QZ3
£784K06/210.25 mi11, Finborough Road, London, Greater London SW17 9HY3
£655K05/210.26 mi65, Seely Road, London, Greater London SW17 9QP3
£630K11/200.26 mi71, Seely Road, London, Greater London SW17 9QP3
£495K07/230.27 mi60a, Crusoe Road, Mitcham, Greater London CR4 3LG3
£637K03/210.27 mi40, Crusoe Road, Mitcham, Greater London CR4 3LG3
£510K03/210.27 mi82, Streatham Road, Mitcham, Greater London CR4 2AB3
£525K06/230.29 mi10, Manship Road, Mitcham, Greater London CR4 2AY3
£660K02/230.29 mi101, Southcroft Road, London, Greater London SW17 9TN3
£620K03/210.29 mi115, Southcroft Road, London, Greater London SW17 9TN3
£470K12/200.3 mi4, Vectis Road, London, Greater London SW17 9RG3
£700K04/230.3 mi36, Vectis Road, London, Greater London SW17 9RG3
£625K09/220.31 mi3, Freshwater Road, London, Greater London SW17 9TG3
£705K10/210.31 mi1, Freshwater Road, London, Greater London SW17 9TG3
£510K05/210.31 mi4, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£495K10/210.32 mi6, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£542K05/210.33 mi1, Melrose Avenue, Mitcham, Greater London CR4 2EH3
£775K01/210.33 mi33, Garden Avenue, Mitcham, Greater London CR4 2EE3
£477.5K03/210.34 mi30, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3

Local Rents

51 rents from £1.6K/mo to £3.5K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,40003/240.03 miStanley Road, Mitcham, Surrey, CR43
£2,40003/240.06 miStanley Road, Tooting3
£2,50003/240.06 miAshbourne Road, Mitcham CR43
£1,60004/250.07 mi-3
£1,60003/250.07 mi-3
£2,25003/240.07 miHeaton Road, Mitcham, Surrey, CR43
£3,00005/240.08 miAshbourne Road, Mitcham, CR43
£2,20003/240.1 miEdenvale Road Mitcham CR43
£3,30011/240.11 mi-3
£2,45004/240.13 miGrenfell Road, Tooting, London, CR43
£2,80009/240.14 miLinks Road, London3
£2,50002/240.15 mi-3
£3,25003/240.16 miAshbourne Road, Tooting3
£2,40003/240.16 miGrenfell Road, Mitcham, CR43
£2,70003/240.16 miSt. James Road Mitcham CR43
£2,70003/240.16 miSt. James Road, Mitcham, Surrey, CR4 2DF3
£2,70003/240.16 miSt. James Road, Tooting3
£2,30003/240.17 mi-3
£2,70009/240.18 miLinks Road, Tooting3
£2,40003/240.19 miFramfield Road, Mitcham, CR43
£2,50004/240.19 miFramfield Road, Mitcham, CR43
£2,50004/240.19 miFramfield Road, Mitcham, CR43
£2,50005/240.19 mi-3
£2,65009/240.19 mi-3
£2,20005/240.2 mi-3
£2,70005/240.22 miManship Road, London, CR43
£2,70005/240.23 miManship Road3
£2,70005/240.23 miManship Road3
£2,70005/240.23 miManship Road, Mitcham, CR43
£3,50009/240.23 miBoscombe Road, London, SW173
£2,90003/250.23 mi-3
£2,85003/250.24 mi-3
£2,80004/240.25 miStreatham Road Mitcham CR43
£3,00009/240.25 miRenmuir Street, Tooting, London, SW173
£2,50003/240.25 mi-3
£2,40011/240.26 mi-3
£3,10009/240.26 miGlasford Street, Tooting3
£2,55009/240.26 miSeely Road London SW173
£2,45009/240.27 miSouthcroft Road, Tooting, SW173
£2,50009/240.28 miSeely Road, London, SW173
£2,85010/240.29 mi-3
£2,40009/240.29 mi-3
£3,10009/240.29 mi-3
£2,50009/240.31 miOtterburn Street, London3
£3,50009/240.32 miRenmuir Street London SW173
£3,20009/240.32 mi-3
£3,30009/240.32 mi-3
£3,30009/240.32 mi-3
£2,80002/250.32 mi-3
£2,10009/240.32 miBeclands Road London SW173
£2,20003/250.34 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £750,000

January 4, 2025

Listed for £785,000

November 22, 2024

Sold for £555,000

2018

Floor Plans

Description

This immaculately presented three-bedroom home boasts a blend of style and practicality. On the ground floor, you are welcomed by a light hallway with elegant chevron wood flooring throughout. The property features a spacious reception room, a convenient downstairs WC, and a bright, expansive kitchen-dining room. The kitchen is thoughtfully designed with a central island, a large skylight, and ample storage, while bi-fold doors lead to a sunny west facing rear garden with a patio area and a practical garden shed.

Upstairs, the first floor comprises three carpeted bedrooms, including a master bedroom complete with built-in wardrobes and window shutters. The family bathroom is elegantly appointed with traditional fixtures and fittings. Additionally, this property offers potential for a loft extension, subject to the necessary planning permissions, making it a versatile and appealing choice for a growing family.

Thirsk Road is a quiet residential street situated on the Tooting/Mitcham border, part of the London Borough of Merton. The area offers a mix of terraced, semi-detached, and some modern housing, making it popular with families and professionals. Thirsk Road is moments from Tooting Railway Thameslink and a short walk to Tooting Broadway for the numerous shops, bars and restaurants.

Residents enjoy the nearby green space of Figges Marsh, providing opportunities for outdoor activities and relaxation. Thirsk Road is situated in catchment of numerous good and outstanding schools and nurseries.

Merton Council Tax Band: D

Agent Details

Winkworth, Tooting

020 3869 5338

Next Steps?

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