2 Bed Flat, Single Let, Mitcham, CR4 3PG, £230,000

Phipps Bridge Road, Mitcham, CR4 3PG - 3 views - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£170K - £521K
Sold Prices/m²£3.3K/m² - £11.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£300,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£66,200

 

 

Cash Out

 

Rent Range

£1,300 - £2,700

Rent Estimate

£1,406

Running Costs/mo

£1,020

Cashflow/mo

£386

Cashflow/yr

£4,633

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £521K, average is £303.5K. £3.3K/m² to £11.3K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£480K11/230.36 mi129, Runnymede, London, Greater London SW19 2RQ2
£431K08/210.37 mi174, Runnymede, London, Greater London SW19 2RG2
£475K02/230.37 mi99, Runnymede, London, Greater London SW19 2RQ2
£355K01/210.37 mi160, Runnymede, London, Greater London SW19 2RG2
£334K06/210.38 mi148, Runnymede, London, Greater London SW19 2RG2
£170K11/210.4 mi22, Deer Park Gardens, Mitcham, Greater London CR4 4DY2
£257K06/230.4 mi9, Deer Park Gardens, Mitcham, Greater London CR4 4DY2
£440K06/230.41 miFlat 36, Bennets Courtyard, Watermill Way, London, Greater London SW19 2RW2
£260K05/210.42 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£355K11/230.42 mi58, Liberty Avenue, London, Greater London SW19 2QR2
£350K04/210.42 mi34, Lewis Road, Mitcham, Greater London CR4 3DE2
£260K05/210.42 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£282K11/210.43 mi20, Lulworth Crescent, Mitcham, Greater London CR4 3RB2
£310K11/220.45 mi192, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£282.5K11/200.46 mi184, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£281.5K10/210.46 mi71, Lowry Crescent, Mitcham, Greater London CR4 3NX2
£450K04/230.49 mi50, Runnymede, London, Greater London SW19 2PQ2
£350K11/230.49 mi56, Runnymede, London, Greater London SW19 2PQ2
£284K04/230.49 mi39, Gilpin Close, Mitcham, Greater London CR4 3QR2
£296.8K06/230.49 mi35, Gilpin Close, Mitcham, Greater London CR4 3QR2
£295K12/220.54 mi36, Cameron Square, Mitcham, Greater London CR4 3SH2
£275K01/210.54 mi46, Abbey Road, London, Greater London SW19 2NA2
£286K03/230.6 mi15, Heyford Road, Mitcham, Greater London CR4 3EW2
£290K06/230.64 mi102a, Love Lane, Mitcham, Greater London CR4 3AJ2
£250K11/200.68 miFlat 99, Glebe Court, London Road, Mitcham, Greater London CR4 3NG2
£277K03/210.69 miFlat 33, Fenning Court, London Road, Mitcham, Greater London CR4 4ER2
£220K12/210.7 miFlat 16, Gedge Court, London Road, Mitcham, Greater London CR4 4EQ2
£483K11/200.7 mi77, Fortescue Road, London, Greater London SW19 2EA2
£200K11/220.71 mi109b, London Road, Morden, Greater London SM4 5HP2
£407.5K06/210.71 mi18a, Mortimer Road, Mitcham, Greater London CR4 3HS2
£238K05/210.74 miFlat 126, Glebe Court, London Road, Mitcham, Greater London CR4 3NJ2
£395K06/210.74 mi1, Rose Avenue, Morden, Greater London SM4 6DE2
£255K06/210.76 miFlat 197, Glebe Court, London Road, Mitcham, Greater London CR4 3NY2
£311K12/200.78 mi8, Fairfield Close, Mitcham, Greater London CR4 3RE2
£215K06/230.79 miFlat 23, Fair Green Court, London Road, Mitcham, Greater London CR4 3NA2
£260K02/210.79 mi28, Kingsleigh Place, Mitcham, Greater London CR4 4NU2
£255K01/210.8 mi24, Kingsleigh Place, Mitcham, Greater London CR4 4NT2
£300K02/230.8 mi7, Birchwood Close, Morden, Greater London SM4 5LA2
£172K11/220.81 mi19, Birchwood Close, Morden, Greater London SM4 5LA2
£521K10/230.82 mi78b, Hamilton Road, London, Greater London SW19 1JF2
£270K12/200.83 mi33, Old School Close, London, Greater London SW19 3HY2
£475K11/200.83 mi11a, Clarendon Road, London, Greater London SW19 2DX2
£330K10/200.84 mi41b, Canterbury Road, Morden, Greater London SM4 6QW2
£372.5K06/230.85 mi51, Blanchland Road, Morden, Greater London SM4 5NE2
£340K04/210.85 mi61, Blanchland Road, Morden, Greater London SM4 5NE2
£385K03/240.85 miRyecroft House, Flat 4, Hamilton Road, London, Greater London SW19 1JE2
£357.5K02/210.86 mi24d, Morton Road, Morden, Greater London SM4 6EF2
£330K12/220.87 mi8, The Homefield, Morden, Greater London SM4 5AS2
£307K03/210.87 mi11, The Homefield, Morden, Greater London SM4 5AS2
£435K02/230.88 mi22, Shelton Road, London, Greater London SW19 3AT2

Local Rents

50 rents from £1.3K/mo to £2.7K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,25003/240.14 miHomefield Gardens, Wimbledon, Mitcham, CR42
£1,80012/240.17 mi-2
£1,90009/240.21 miDreadnought Close London2
£1,75009/240.23 mi-2
£1,60012/240.24 mi-2
£1,55001/250.24 mi-2
£1,51501/250.24 mi-2
£1,90009/240.25 miThe Nook London2
£2,00002/240.25 mi-2
£2,20003/250.27 mi-2
£1,75003/240.27 mi-2
£1,70010/240.3 mi-2
£1,85005/240.32 mi-2
£1,70009/240.33 miHogarth Crescent, Colliers Wood2
£1,70009/240.34 miHogarth Crescent, Colliers Wood, SW192
£1,60002/240.35 mi-2
£1,75001/250.35 mi-2
£1,60001/250.35 mi-2
£1,50011/240.36 mi-2
£2,00009/240.36 mi-2
£1,80002/240.37 mi-2
£1,60003/250.37 mi-2
£1,70009/240.38 miReynolds Close, Colliers Wood2
£1,85002/250.38 mi-2
£1,40009/240.39 miReynolds Close, Colliers Wood, London, SW192
£1,90009/240.39 miYarborough Road, London, SW192
£1,59903/240.4 miDeer Park Gardens, Morden, CR4 4DZ – 2 Bedrooms Flat2
£1,40012/240.4 mi-2
£2,20009/240.41 mi-2
£2,30003/250.41 mi-2
£1,60002/250.41 mi-2
£2,20009/240.41 mi-2
£2,70009/240.44 mi-2
£2,70011/240.44 mi-2
£1,62503/250.44 mi-2
£1,70003/250.45 mi-2
£1,30009/240.46 miLondon Road, Morden2
£1,60004/240.46 miTiptaft House, Mitcham, CR42
£1,60005/240.46 miTiptaft House, Mitcham, CR42
£1,60005/240.46 mi-2
£1,75002/250.46 mi-2
£1,75003/240.46 miChurch Path, Mitcham, CR42
£1,80009/240.46 mi-2
£1,85010/240.46 mi-2
£1,60003/240.47 miLowry Crescent, Colliers Wood Borders2
£1,60003/240.47 miMorden Road, Mitcham, CR42
£2,20003/240.47 mi-2
£1,78503/250.48 mi-2
£1,65004/240.49 miAusten Court, Brickfield Road, Mitcham, CR42
£1,70004/240.49 miAusten Court, Mitcham, CR42

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £230,000

March 20, 2025

Price changed to £200,000

February 28, 2025

Listed for £250,000

December 26, 2024

Sold for £230,000

2023

Sold for £154,000

2017

Sold for £95,000

2007

Sold for £50,000

2001

Sold for £40,000

2001

Floor Plans

Description

  • Two bedroom apartment +
  • Open-plan living/kitchen area +
  • Close to transport links +
  • Close to amenities +
  • Modern +

This two-bedroom apartment offers an open-plan living and kitchen area with direct access to a spacious balcony. The main bedroom features a built-in wardrobe, there is also a second bedroom also of good size and modern bathroom.

Additional perks include gas central heating, intercom entry, and parking within the development. The flat overlooks a park with a children's play area.

There are excellent transport links, including Colliers Wood and Morden Tube Stations, Phipps Bridge Tram (8 mins to Wimbledon, 6 mins to Mitcham Junction), and the 200 bus service (50m away). Local amenities include Sainsbury’s and various shops, cafes and restaurants.

Agent Details

Stirling Ackroyd Sales, Streatham

020 3879 5197

Next Steps?

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