3 Bed Terraced House, Single Let, Mitcham, CR4 4LS, £600,000

The Close, Mitcham, CR4 4LS - 1 views - 2 months ago

BTL

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£220K - £725K
Sold Prices/m²	£4.1K/m² - £6.7K/m²

Square Metres	~93 m²
Price/m²	£6.5K/m²
Value Estimate	£485,072£485,072

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£36,700£36,700
Total Cash In	£186,700£186,700

Cash Out
Rent Range	£1,500 - £4,800£1,500 - £4,800
Rent Estimate	£1,500
Running Costs/mo	£2,195£2,195
Cashflow/mo	£-695£-695
Cashflow/yr	£-8,340£-8,340
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £220K to £725K, average is £430K. £4.1K/m² to £6.7K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	02/23	0.06 mi	35, Denham Crescent, Mitcham, Greater London CR4 4LZ	-	-	3	Semi-Detached House
£497.5K	05/23	0.07 mi	104, Brookfields Avenue, Mitcham, Greater London CR4 4BT	£5,237	95	3	Terraced House
£320K	11/20	0.07 mi	94, Brookfields Avenue, Mitcham, Greater London CR4 4BT	£4,324	74	3	Semi-Detached House
£465K	05/21	0.07 mi	37, Denham Crescent, Mitcham, Greater London CR4 4LZ	-	-	3	Semi-Detached House
£450K	01/21	0.08 mi	12, Denham Crescent, Mitcham, Greater London CR4 4LY	£4,128	109	3	Semi-Detached House
£470K	04/21	0.09 mi	10, Denham Crescent, Mitcham, Greater London CR4 4LY	£4,947	95	3	Semi-Detached House
£420K	06/21	0.11 mi	75, Brookfields Avenue, Mitcham, Greater London CR4 4BQ	-	-	3	Semi-Detached House
£424K	06/21	0.16 mi	49, Riverside Drive, Mitcham, Greater London CR4 4BR	-	-	3	Terraced House
£530K	07/23	0.19 mi	12, Baron Grove, Mitcham, Greater London CR4 4EH	-	-	3	Semi-Detached House
£515K	10/22	0.2 mi	46, Cricket Green, Mitcham, Greater London CR4 4LA	£5,920	87	3	Detached House
£430K	05/21	0.21 mi	64, Riverside Drive, Mitcham, Greater London CR4 4BU	£5,584	77	3	Terraced House
£470K	08/23	0.21 mi	23, Brookfields Avenue, Mitcham, Greater London CR4 4BP	-	-	3	Semi-Detached House
£480.5K	09/21	0.22 mi	2, Walsingham Road, Mitcham, Greater London CR4 4LN	£5,460	88	3	Terraced House
£431.5K	12/20	0.22 mi	12, Walsingham Road, Mitcham, Greater London CR4 4LN	£5,394	80	3	Semi-Detached House
£455K	06/21	0.23 mi	6, Cecil Place, Mitcham, Greater London CR4 4LH	-	-	3	Terraced House
£426.9K	11/20	0.24 mi	28, Hatton Gardens, Mitcham, Greater London CR4 4LG	£5,143	83	3	Terraced House
£387K	04/21	0.28 mi	471, London Road, Mitcham, Greater London CR4 4BB	£4,720	82	3	Terraced House
£572.5K	11/20	0.28 mi	481, London Road, Mitcham, Greater London CR4 4BB	£4,404	130	3	Semi-Detached House
£610K	08/22	0.29 mi	17, Madeira Road, Mitcham, Greater London CR4 4HD	£6,703	91	3	Semi-Detached House
£410K	11/20	0.32 mi	11, Crescent Grove, Mitcham, Greater London CR4 4BL	£4,457	92	3	Terraced House
£555K	08/22	0.37 mi	3, Aspen Gardens, Mitcham, Greater London CR4 4HH	-	-	3	Semi-Detached House
£365K	06/21	0.39 mi	34, Heatherdene Close, Mitcham, Greater London CR4 4EW	-	-	3	Terraced House
£480K	04/23	0.39 mi	27, Heatherdene Close, Mitcham, Greater London CR4 4EW	-	-	3	Terraced House
£350K	03/23	0.42 mi	92, Rawnsley Avenue, Mitcham, Greater London CR4 4BX	£4,487	78	3	Terraced House
£405K	12/20	0.42 mi	21, Whitford Gardens, Mitcham, Greater London CR4 4AB	-	-	3	Terraced House
£375K	05/21	0.44 mi	3, Morden Gardens, Mitcham, Greater London CR4 4DH	£4,518	83	3	Terraced House
£495K	05/23	0.44 mi	26, Morden Gardens, Mitcham, Greater London CR4 4DH	£6,188	80	3	Terraced House
£438.3K	11/20	0.44 mi	15, Morden Gardens, Mitcham, Greater London CR4 4DH	£6,003	73	3	Semi-Detached House
£475K	05/23	0.44 mi	33, Morden Gardens, Mitcham, Greater London CR4 4DH	-	-	3	Terraced House
£474.3K	11/21	0.45 mi	17, Albert Road, Mitcham, Greater London CR4 4AL	-	-	3	Terraced House
£650K	12/22	0.47 mi	2, Commonside West, Mitcham, Greater London CR4 4HA	-	-	3	Semi-Detached House
£420K	06/21	0.48 mi	9, Russell Road, Mitcham, Greater London CR4 3AP	-	-	3	Terraced House
£457.5K	11/20	0.48 mi	12, Queen Annes Gardens, Mitcham, Greater London CR4 3AN	£5,865	78	3	Terraced House
£411.1K	11/21	0.5 mi	22, Church Path, Mitcham, Greater London CR4 3BN	£5,014	82	3	Terraced House
£220K	03/23	0.5 mi	20, Church Path, Mitcham, Greater London CR4 3BN	-	-	3	Terraced House
£267K	08/21	0.53 mi	Flat 69, Glebe Court, London Road, Mitcham, Greater London CR4 3NF	-	-	3	Terraced House
£725K	09/21	0.53 mi	16, Seddon Road, Morden, Greater London SM4 6EE	£6,144	118	3	Detached House
£725K	09/21	0.54 mi	16, Seddon Road, Morden, Greater London SM4 6EE	£6,144	118	3	Detached House
£325K	03/21	0.55 mi	103, Peterborough Road, Carshalton, Greater London SM5 1EE	£5,508	59	3	Terraced House
£430K	10/21	0.55 mi	15, Frimley Gardens, Mitcham, Greater London CR4 3AQ	£5,658	76	3	Terraced House
£410K	05/21	0.55 mi	11, Frimley Gardens, Mitcham, Greater London CR4 3AQ	-	-	3	Semi-Detached House
£450K	06/21	0.56 mi	21, Commonside East, Mitcham, Greater London CR4 2QA	-	-	3	Terraced House
£398K	09/23	0.56 mi	80, Peterborough Road, Carshalton, Greater London SM5 1EQ	£5,606	71	3	Terraced House
£380K	06/21	0.58 mi	41, Carshalton Road, Mitcham, Greater London CR4 4HJ	£4,691	81	3	Terraced House
£400K	11/20	0.58 mi	18, Taffys How, Mitcham, Greater London CR4 3AX	£5,195	77	3	Semi-Detached House
£375K	12/20	0.59 mi	6, Pipewell Road, Carshalton, Greater London SM5 1EY	£4,870	77	3	Terraced House
£368K	01/23	0.59 mi	184, Bishopsford Road, Morden, Greater London SM4 6DA	-	-	3	Semi-Detached House
£405.5K	11/21	0.64 mi	103, Bishopsford Road, Morden, Greater London SM4 6BQ	£5,133	79	3	Terraced House
£395K	04/23	0.65 mi	114, Peterborough Road, Carshalton, Greater London SM5 1DZ	£5,896	67	3	Terraced House
£405K	06/23	0.68 mi	63, Belgrave Walk, Mitcham, Greater London CR4 3QQ	£5,870	69	3	Terraced House

Local Rents

28 rents from £1.5K/mo to £4.8K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	02/25	0.03 mi	-	3	Terraced House
£2,100	05/24	0.14 mi	Caesars Walk, Mitcham	3	Terraced House
£2,450	05/24	0.18 mi	Riverside Drive, Mitcham	3	Terraced House
£1,500	10/23	0.25 mi	Riverside Drive, Mitcham, CR4	3	Room
£2,000	03/24	0.29 mi	Cricket Green, Mitcham, Surrey, CR4	3	Semi-Detached House
£2,400	12/24	0.3 mi	Broadway Gardens, Mitcham, Merton, CR4	3	Terraced House
£4,800	03/24	0.31 mi	London Road, Mitcham, Surrey, CR4	3	Flat
£4,500	02/24	0.32 mi	-	3	Flat
£4,500	05/24	0.32 mi	-	3	Flat
£2,350	04/24	0.36 mi	Cricket Green, MITCHAM	3	House
£2,400	03/24	0.47 mi	Queen Annes Gardens, Mitcham, CR4	3	Flat
£1,850	02/24	0.47 mi	-	3	Flat
£2,400	03/24	0.48 mi	Queen Annes Gardens, Mitcham, Surrey, CR4	3	Flat
£2,450	02/25	0.52 mi	-	3	Terraced House
£2,400	05/24	0.52 mi	Langdale Avenue, Mitcham, Surrey, CR4	3	Flat
£2,500	12/24	0.52 mi	-	3	Flat
£2,500	12/24	0.52 mi	-	3	Flat
£2,500	12/24	0.52 mi	-	3	Flat
£2,500	12/24	0.52 mi	-	3	Flat
£2,500	12/24	0.52 mi	-	3	Flat
£1,500	12/24	0.52 mi	-	3	Flat
£2,195	05/24	0.56 mi	Commonside East, MITCHAM	N/A	House
£2,600	05/24	0.58 mi	159 Commonside East Mitcham CR4	3	Flat
£1,600	03/25	0.61 mi	-	3	Flat
£1,600	04/25	0.61 mi	-	3	Flat
£1,675	03/24	0.61 mi	Hilary Avenue, Mitcham	3	Flat
£2,200	03/25	0.61 mi	-	3	Terraced House
£1,950	05/24	0.61 mi	Miles Road, Mitcham, Surrey, CR4	3	Terraced House

Local Area Statistics

Population in CR4	58,28658,286
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.19 miles away0.19 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

Listed for £600,000

January 22, 2025

Floor Plans

Description

Three Bedrooms +
End of Terrace +
Downstairs Shower Room +
Gas Central Heating +
South East Facing Garden +
Detached Garage +
28ft Double Reception +
Extended Kitchen +
Council Tax D +
EPC Rating C. +

Discover this three bedroom end of terraced house nestled in the sought after neighbourhood of Mitcham Park moments away from Mitcham park Tram services and is also in reach of Canons House Grounds perfect for those walks along the River Wandle. The accommodation in brief comprises a generous entrance hall way down stairs shower room and a 28 ft double reception room. Further benefits a fully extended kitchen modernised to a high specification leading onto the secluded 96 ft south east facing garden. The first floor contains a master bedroom with deep built-in cupboards and bay fronted window, whilst the second bedroom is spacious enough to fit a double bed and storage units which enjoys views overlooking the garden further benefits the third bedroom which enjoys views to the front. This truly spectacular property also has the added benefits side access detached garage and a garden shed.

Agent Details

Andrews Estate Agents, Mitcham

020 3856 3994

Next Steps?

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

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