3 Bed Semi-Detached House, Refurb/BRRR, Mitcham, CR4 3EF, £520,000

Western Road, Mitcham, CR4 3EF - 6 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+9 photos

ValuationFair Value

Sold Prices£375K - £840K
Sold Prices/m²£4.4K/m² - £9.2K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£521,116

 

 

End Value (After Refurb)

£561,671

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£130,000

Stamp Duty & Legal Fees

£30,300

Refurb Costs

£49,214

Bridging Loan Interest

£13,650

Total Cash In

£224,914

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£561,671

Mortgage (After Refinance)

£421,253

Mortgage LTV

75%

Cash Released

£31,253

Cash Left In

£193,660

Equity

£140,418

Rent Range

£1,600 - £2,800

Rent Estimate

£2,319

Running Costs/mo

£2,239

Cashflow/mo

£80

Cashflow/yr

£960

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £375K to £840K, average is £507.5K. £4.4K/m² to £9.2K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£540K12/220.05 mi8, Tyrrell Square, Mitcham, Greater London CR4 3SD3
£485K03/210.1 mi22, Oakmead Place, Mitcham, Greater London CR4 3RU3
£550K11/220.12 mi39, Mount Road, Mitcham, Greater London CR4 3EZ3
£510K01/230.18 mi6, Heyford Road, Mitcham, Greater London CR4 3EU3
£436K08/230.21 mi16, Lavender Grove, Mitcham, Greater London CR4 3HU3
£460K09/210.21 mi10, Wilkins Close, Mitcham, Greater London CR4 3SA3
£565K02/230.21 mi105, Heathfield Drive, Mitcham, Greater London CR4 3RD3
£500K03/230.22 mi37, Ashtree Avenue, Mitcham, Greater London CR4 3DS3
£525K04/230.23 mi63, Hogarth Crescent, London, Greater London SW19 2DN3
£425K05/210.23 mi15, Lavender Grove, Mitcham, Greater London CR4 3HW3
£463.5K09/210.23 mi23, Lavender Grove, Mitcham, Greater London CR4 3HW3
£575.3K02/230.23 mi16, Oakwood Avenue, Mitcham, Greater London CR4 3DP3
£431.8K03/210.24 mi10a, Lewis Road, Mitcham, Greater London CR4 3DE3
£465K03/210.24 mi10, Lewis Road, Mitcham, Greater London CR4 3DE3
£590K01/230.24 mi5, Veals Mead, Mitcham, Greater London CR4 3SB3
£510K03/210.25 mi18, Hogarth Crescent, London, Greater London SW19 2DW3
£475K03/210.25 mi14, Veals Mead, Mitcham, Greater London CR4 3SB3
£605K06/210.26 mi2, Palestine Grove, London, Greater London SW19 2QN3
£425K12/200.26 mi98, Steers Mead, Mitcham, Greater London CR4 3JW3
£560K12/200.28 mi3, Palestine Grove, London, Greater London SW19 2QN3
£410K04/210.28 mi31, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£375K03/210.28 mi49, Glebe Avenue, Mitcham, Greater London CR4 3DZ3
£440K04/210.29 mi54, Glebe Avenue, Mitcham, Greater London CR4 3DY3
£438K02/210.3 mi27, Bank Avenue, Mitcham, Greater London CR4 3DW3
£452.5K01/210.31 mi48, Bank Avenue, Mitcham, Greater London CR4 3DU3
£416K03/210.32 mi35, Sycamore Gardens, Mitcham, Greater London CR4 3QP3
£539K01/210.34 mi60, Haslemere Avenue, Mitcham, Greater London CR4 3BA3
£575K11/230.34 mi33, Sheldrick Close, London, Greater London SW19 2UG3
£490K02/210.34 mi27, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£455K05/210.35 mi1, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£420K10/200.35 mi37, Steers Mead, Mitcham, Greater London CR4 3JX3
£560K06/210.35 mi27, Willow View, London, Greater London SW19 2UR3
£515K07/210.36 mi22, Homefield Gardens, Mitcham, Greater London CR4 3BY3
£505K05/230.36 mi56, Hawkes Road, Mitcham, Greater London CR4 3JG3
£537K06/230.36 mi8, Hawkes Road, Mitcham, Greater London CR4 3JG3
£467K03/210.36 mi38, Eveline Road, Mitcham, Greater London CR4 3LE3
£735K03/240.38 mi2, Christchurch Close, London, Greater London SW19 2NZ3
£702K10/200.38 mi2, Christchurch Close, London, Greater London SW19 2NZ3
£840K09/210.38 mi91, Courtney Road, London, Greater London SW19 2EE3
£480K04/210.38 mi88, Lavender Avenue, Mitcham, Greater London CR4 3HH3
£580K08/210.38 mi20, Dreadnought Close, London, Greater London SW19 2TA3
£540K03/210.41 mi139, Victoria Road, Mitcham, Greater London CR4 3JD3
£536.8K05/210.41 mi26, Alexandra Road, Mitcham, Greater London CR4 3LT3
£500K06/210.41 mi17, Alexandra Road, Mitcham, Greater London CR4 3LT3
£540K06/210.41 mi42, Bond Road, Mitcham, Greater London CR4 3HE3
£400K11/200.43 mi18, Taffys How, Mitcham, Greater London CR4 3AX3
£750K11/230.43 mi5, Colwood Gardens, London, Greater London SW19 2DS3
£800K06/230.43 mi17, Colwood Gardens, London, Greater London SW19 2DS3
£747K11/200.43 mi3, Colwood Gardens, London, Greater London SW19 2DS3
£410K05/210.46 mi11, Frimley Gardens, Mitcham, Greater London CR4 3AQ3

Local Rents

50 rents from £1.6K/mo to £2.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00003/240.11 miLavendar Avenue, Mitcham, CR43
£1,90012/240.17 mi-3
£2,50012/240.21 mi-3
£2,40012/240.21 mi-3
£1,80005/240.24 miOakwood Avenue, Colliers Wood Borders3
£2,00005/240.24 miLewis Road, Tooting3
£1,97503/240.24 miOakwood Avenue, MITCHAM3
£2,40003/240.24 mi-3
£2,40004/240.27 miLavender Avenue, Mitcham, CR43
£2,40005/240.27 mi-3
£2,60009/240.28 mi-3
£2,20004/240.29 miHeathfield Drive, Colliers Wood Borders3
£2,40003/240.29 miBordergate, Mitcham3
£2,40003/240.29 miBordergate, Mitcham3
£1,80009/240.29 miLiberty Avenue, Colliers Wood, London, SW193
£2,35012/240.3 mi-3
£2,30003/240.3 miBrailsford Close, MITCHAM3
£2,70002/240.31 mi-3
£2,70002/240.31 mi-3
£2,30005/240.31 mi-3
£2,30012/240.31 miBrailsford Close, Mitcham3
£2,65010/240.31 mi-3
£2,80009/240.31 mi-3
£2,65004/250.31 mi-3
£2,15009/240.35 mi-3
£2,60009/240.36 miRunnymede, Colliers Wood, London, SW193
£2,40003/240.36 miRodney Road, Mitcham, Surrey, CR43
£2,40003/240.36 miRodney Road, MITCHAM3
£1,60003/250.39 mi-3
£1,60004/250.39 mi-3
£2,20003/240.41 miAlexandra Road Mitcham CR43
£2,40004/250.41 mi-3
£2,60012/240.43 mi-3
£2,40009/240.43 miColwood Gardens, Colliers Wood, London, SW193
£2,30002/240.43 mi-3
£2,30002/250.43 mi-3
£1,95005/240.43 miMiles Road, Mitcham, Surrey, CR43
£2,40009/240.45 miColwood Gardens, Colliers Wood3
£2,50001/250.45 mi-3
£2,50003/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,20004/250.46 mi-3
£2,70005/240.48 miIsland Road London CR43
£2,50012/240.49 mi-3
£2,50012/240.49 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.07 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £520,000

November 28, 2024

Floor Plans

Description

  • Three bedroom semi-detached house +
  • Good transport links +
  • Close to amenities +
  • Large private garden +
  • Driveway +
  • No chain +

This three bedroom semi-detached home, located in the highly sought-after area of Mitcham, offers the perfect balance of space and potential to put your stamp on it.

Boasting a large garden, off-street parking, and a spacious fitted kitchen, this property is ideal for those seeking a comfortable, well-connected home in a peaceful, residential neighbourhood.

Inside, you will find the lounge with sliding door leading to dining area, separate WC, fitted kitchen, three good-sized double bedrooms and a bathroom. The property is in need of modernisation.

Externally, the property features substantial back and front gardens, offering potential for outdoor entertaining, gardening, or simply enjoying a peaceful retreat. Off-street parking ensures convenience and security, with space for multiple vehicles.

Located in the heart of Mitcham, this home benefits from excellent transport links, including nearby Mitcham Eastfields and Mitcham Junction stations, which provide quick access to central London and the wider area. Several local bus routes also serve the area, offering easy travel to neighbouring towns and attractions.

The property is within close proximity to local amenities, including supermarkets, schools, parks, and leisure facilities, making it an ideal choice for families or professionals.

Agent Details

Stirling Ackroyd Sales, Streatham

020 3879 5197

Next Steps?

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