3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 1ET, £400,000

Hoylake Gardens, Mitcham, CR4 1ET - 9 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£350K - £600K
Sold Prices/m²£4.4K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£412,000
BMV3%

 

 

End Value (After Refurb)

£519,718

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£49,214

Bridging Loan Interest

£10,500

Total Cash In

£182,164

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£519,718

Agent Fees (1%)

£5,197

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£32,357

Local Sold Prices

50 sold prices from £350K to £600K, average is £459K. £4.4K/m² to £7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£450K05/230 mi16, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£461K07/220.04 mi30, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£452K12/220.06 mi36, Malvern Close, Mitcham, Greater London CR4 1EH3
£428K03/210.09 mi131, Manor Way, Mitcham, Greater London CR4 1EJ3
£470K11/220.12 mi80, Oxford Close, Mitcham, Greater London CR4 1DZ3
£476.1K06/210.13 mi88, Oxford Close, Mitcham, Greater London CR4 1DZ3
£550K05/230.14 mi31, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£419K12/200.14 mi95, Manor Road, Mitcham, Greater London CR4 1JD3
£490K12/220.14 mi25, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£433K11/200.15 mi35, Manor Way, Mitcham, Greater London CR4 1EG3
£490K01/210.15 mi1, Manor Way, Mitcham, Greater London CR4 1EG3
£457K07/230.15 mi3, Manor Way, Mitcham, Greater London CR4 1EG3
£450K06/230.15 mi61, Manor Way, Mitcham, Greater London CR4 1EG3
£475K09/210.18 mi140, Manor Road, Mitcham, Greater London CR4 1JE3
£418K02/210.18 mi12, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£455K10/210.18 mi171, Manor Way, Mitcham, Greater London CR4 1EN3
£517.5K07/230.18 mi20, Rosemead Avenue, Mitcham, Greater London CR4 1EY3
£545K12/220.19 mi25, Rosemead Avenue, Mitcham, Greater London CR4 1EZ3
£495K11/220.19 mi8, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£490K06/210.19 mi12, Tomblin Mews, London, Greater London SW16 5FR3
£400K12/200.22 mi1, Manor Road, Mitcham, Greater London CR4 1JG3
£537.5K06/210.22 mi41, Manor Road, Mitcham, Greater London CR4 1JG3
£540K06/230.25 mi12, Rowan Road, London, Greater London SW16 5JL3
£435K03/210.26 mi126, Abbotts Road, Mitcham, Greater London CR4 1JW3
£422K11/200.27 mi201, Tamworth Lane, Mitcham, Greater London CR4 1DH3
£420K06/210.28 mi25, Church Walk, London, Greater London SW16 5JH3
£471.5K03/210.29 mi11, Marlowe Square, Mitcham, Greater London CR4 1DT3
£452K06/230.29 mi196, Tamworth Lane, Mitcham, Greater London CR4 1DE3
£487K02/210.29 mi22, St Olaves Walk, London, Greater London SW16 5QQ3
£425K04/210.3 mi27, Worthington Close, Mitcham, Greater London CR4 1JQ3
£495K04/230.3 mi146, Rowan Road, London, Greater London SW16 5JQ3
£600K08/220.32 mi39, Tamworth Park, Mitcham, Greater London CR4 1HZ3
£515K02/230.32 mi49, St Georges Road, Mitcham, Greater London CR4 1ED3
£425K12/200.32 mi45, St Georges Road, Mitcham, Greater London CR4 1ED3
£432.5K10/200.32 mi33, St Georges Road, Mitcham, Greater London CR4 1ED3
£425K06/210.33 mi63, Greenwood Road, Mitcham, Greater London CR4 1PF3
£495K11/200.33 mi13, Middle Way, London, Greater London SW16 4HN3
£350K12/200.34 mi46, St Georges Road, Mitcham, Greater London CR4 1EB3
£425K02/210.34 mi62, St Georges Road, Mitcham, Greater London CR4 1EB3
£450K02/210.34 mi28, St Georges Road, Mitcham, Greater London CR4 1EB3
£475K06/230.34 mi105, Tamworth Lane, Mitcham, Greater London CR4 1DJ3
£512K04/210.39 mi8, Cedars Avenue, Mitcham, Greater London CR4 1EA3
£450K11/200.4 mi96, Meopham Road, Mitcham, Greater London CR4 1BJ3
£470K03/210.41 mi22, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£422.5K04/210.41 mi20, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£490K03/210.42 mi12, Cranesbill Close, London, Greater London SW16 5QL3
£436K09/210.43 mi4, Oriel Close, Mitcham, Greater London CR4 1PA3
£525K07/230.43 mi24, Lymington Close, London, Greater London SW16 4QL3
£429K02/210.44 mi29, Lyndhurst Avenue, London, Greater London SW16 4UG3
£540K04/230.44 mi225, Commonside East, Mitcham, Greater London CR4 1HB3

Local Rents

39 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.17 mi-3
£2,30003/240.18 miRosemead Avenue, Mitcham, CR43
£2,60004/240.21 miRobinhood Close, Mitcham, Surrey3
£2,40003/240.27 miCrossways Road, Mitcham, Surrey, CR43
£1,90003/240.29 miWalton Way 3
£2,30003/250.33 mi-3
£2,35003/240.34 mi-3
£2,10003/240.35 miCommonside East, Mitcham, CR43
£2,00009/240.38 miBeckway Road, SW163
£2,20009/240.39 mi-3
£2,10009/240.39 mi-3
£2,10009/240.4 mi-3
£2,16004/240.43 miVenice House, Mitcham, CR43
£2,50004/240.44 miNeptune Court, Mitcham, CR43
£2,35002/250.44 mi-3
£2,30003/240.45 miAventine Avenue, MITCHAM3
£2,60005/240.45 miMeopham Road, Mitcham, CR43
£2,60005/240.47 mi-3
£2,00009/240.47 mi-3
£3,00003/240.49 mi-3
£3,00003/240.49 miNeptune Court, Mitcham, CR43
£2,30003/240.5 mi-3
£2,25003/240.53 miBrenley Close, Mitcham Common, CR43
£2,60009/240.53 miEbenezer Walk, LONDON3
£2,80009/240.54 miNorbury Cross, Norbury , SW163
£2,25003/240.55 miGrove Road, Mitcham, CR43
£2,25003/240.55 mi-3
£2,25003/240.55 mi-3
£2,27503/250.56 mi-3
£2,30005/240.57 miBeech Grove, Mitcham, CR43
£2,30005/240.58 mi-3
£2,30003/250.58 mi-3
£2,30003/250.58 mi-3
£2,70009/240.58 miBENETT GARDENS, Norbury, London, SW163
£2,30012/240.59 mi-3
£2,30002/250.59 mi-3
£2,10002/240.6 mi-3
£2,20012/240.61 mi-3
£2,10009/240.62 miIsham Road, London, SW163

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £400,000

December 26, 2024

Floor Plans

Description

  • Chain Free +
  • Good transport links +
  • local amenities +
  • Three bedrooms +
  • In need of modernisation +

SUMMARY
Looking to put your stamp on your new three bedroom home then look no further than this, this property comprises off one large reception, kitchen, family bathroom & garden.

DESCRIPTION
Looking to put your stamp on your new three bedroom home then look no further than this, this property comprises off one large reception, kitchen, family bathroom & garden.

With Mitcham Eastfield station a mile walk away, this is the ideal property for commuter travelling to London.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Mitcham

020 3835 4181

Next Steps?

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