3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 4HG, £325,000

21 Carshalton Road, Mitcham, CR4 4HG - 3 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£320K - £610K
Sold Prices/m²£4.1K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£328,250

 

 

End Value (After Refurb)

£486,346

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£49,214

Bridging Loan Interest

£8,531

Total Cash In

£155,445

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£486,346

Agent Fees (1%)

£4,863

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£82,288

Local Sold Prices

52 sold prices from £320K to £610K, average is £428.4K. £4.1K/m² to £7.2K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£380K06/210.08 mi41, Carshalton Road, Mitcham, Greater London CR4 4HJ3
£555K08/220.15 mi3, Aspen Gardens, Mitcham, Greater London CR4 4HH3
£426.9K11/200.28 mi28, Hatton Gardens, Mitcham, Greater London CR4 4LG3
£431.5K12/200.31 mi12, Walsingham Road, Mitcham, Greater London CR4 4LN3
£480.5K09/210.31 mi2, Walsingham Road, Mitcham, Greater London CR4 4LN3
£455K06/210.35 mi6, Cecil Place, Mitcham, Greater London CR4 4LH3
£450K08/210.36 mi74, Wolseley Road, Mitcham, Greater London CR4 4JQ3
£395K03/210.49 mi40, Wolseley Road, Mitcham, Greater London CR4 4JQ3
£472.5K12/220.49 mi60, Wolseley Road, Mitcham, Greater London CR4 4JQ3
£465K05/210.51 mi37, Denham Crescent, Mitcham, Greater London CR4 4LZ3
£550K02/230.51 mi35, Denham Crescent, Mitcham, Greater London CR4 4LZ3
£357K10/200.51 mi34, Seymour Road, Mitcham, Greater London CR4 4JX3
£450K02/210.51 mi27, Seymour Road, Mitcham, Greater London CR4 4JX3
£470K01/230.52 mi415, Middleton Road, Carshalton, Greater London SM5 1HU3
£470K10/220.52 mi90, London Road, Mitcham Junction, Mitcham, Greater London CR4 4JB3
£450K01/210.53 mi12, Denham Crescent, Mitcham, Greater London CR4 4LY3
£470K04/210.53 mi10, Denham Crescent, Mitcham, Greater London CR4 4LY3
£424K06/210.54 mi49, Riverside Drive, Mitcham, Greater London CR4 4BR3
£320K11/200.54 mi94, Brookfields Avenue, Mitcham, Greater London CR4 4BT3
£497.5K05/230.54 mi104, Brookfields Avenue, Mitcham, Greater London CR4 4BT3
£395K04/230.54 mi114, Peterborough Road, Carshalton, Greater London SM5 1DZ3
£420K06/210.57 mi75, Brookfields Avenue, Mitcham, Greater London CR4 4BQ3
£610K08/220.58 mi17, Madeira Road, Mitcham, Greater London CR4 4HD3
£430K05/210.58 mi64, Riverside Drive, Mitcham, Greater London CR4 4BU3
£375K06/210.59 mi14, Shrewsbury Road, Carshalton, Greater London SM5 1LZ3
£445K05/210.59 mi3, New Road, Mitcham, Greater London CR4 4JN3
£395K06/210.61 mi34, New Road, Mitcham, Greater London CR4 4JL3
£380K09/210.61 mi32, New Road, Mitcham, Greater London CR4 4JL3
£410K08/210.61 mi40, New Road, Mitcham, Greater London CR4 4JL3
£393K11/210.61 mi16, Primrose Close, Wallington, Greater London SM6 7HJ3
£416K12/200.62 mi228, Peterborough Road, Carshalton, Greater London SM5 1DP3
£425K02/210.62 mi242, Peterborough Road, Carshalton, Greater London SM5 1DP3
£455K08/230.62 mi222, Peterborough Road, Carshalton, Greater London SM5 1DP3
£455K08/230.62 mi222, Peterborough Road, Carshalton, Greater London SM5 1DP3
£430K12/220.63 mi57, St Albans Grove, Carshalton, Greater London SM5 1ND3
£470K06/230.65 mi6, Orchard Avenue, Mitcham, Greater London CR4 4JH3
£470K08/230.65 mi23, Brookfields Avenue, Mitcham, Greater London CR4 4BP3
£426K07/230.65 mi49, St Albans Grove, Carshalton, Greater London SM5 1ND3
£426K07/230.65 mi49, St Albans Grove, Carshalton, Greater London SM5 1ND3
£398K09/230.65 mi80, Peterborough Road, Carshalton, Greater London SM5 1EQ3
£325K03/210.66 mi103, Peterborough Road, Carshalton, Greater London SM5 1EE3
£420K04/230.67 mi108, Shrewsbury Road, Carshalton, Greater London SM5 1LX3
£515K10/220.67 mi46, Cricket Green, Mitcham, Greater London CR4 4LA3
£397K01/210.67 mi24, St Albans Grove, Carshalton, Greater London SM5 1NE3
£374K05/210.67 mi8, St Albans Grove, Carshalton, Greater London SM5 1NE3
£375K12/200.68 mi6, Pipewell Road, Carshalton, Greater London SM5 1EY3
£540K01/210.68 miAvenue Cottage, Medland Close, Wallington, Greater London SM6 7BH3
£572.5K11/200.68 mi481, London Road, Mitcham, Greater London CR4 4BB3
£387K04/210.68 mi471, London Road, Mitcham, Greater London CR4 4BB3
£340K02/210.69 mi132, St Agathas Grove, Carshalton, Greater London SM5 1DW3
£405K02/230.69 mi415, Peterborough Road, Carshalton, Greater London SM5 1DH3
£530K07/230.7 mi12, Baron Grove, Mitcham, Greater London CR4 4EH3

Local Rents

51 rents from £1.5K/mo to £4.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,80004/240.37 miMill Green, London Road, Mitcham Junction, Mitcham3
£2,10005/240.37 miCaesars Walk, Mitcham3
£2,70002/240.49 mi-3
£1,95003/240.49 miPercy Road, Mitcham, CR43
£2,45005/240.51 miSeymour Road, Mitcham, CR43
£2,35005/240.51 miSeymour Road, Mitcham, CR43
£2,35005/240.51 miSeymour Road, Mitcham, CR43
£2,35002/250.54 mi-3
£2,45005/240.56 miRiverside Drive, Mitcham3
£2,00008/240.64 miShrewsbury Road, Carshalton3
£1,50010/230.65 miRiverside Drive, Mitcham, CR43
£2,20003/250.65 mi-3
£1,85002/240.74 mi-3
£2,00003/240.75 miCricket Green, Mitcham, Surrey, CR43
£2,10003/240.77 miCommonside East, Mitcham, CR43
£2,40012/240.8 miBroadway Gardens, Mitcham, Merton, CR43
£2,35004/240.81 miCricket Green, MITCHAM3
£4,80003/240.81 miLondon Road, Mitcham, Surrey, CR43
£4,50002/240.81 mi-3
£4,50005/240.81 mi-3
£2,25003/240.81 miBrenley Close, Mitcham Common, CR43
£2,00003/250.81 mi-3
£1,90003/240.86 miWalton Way 3
£2,60005/240.86 mi159 Commonside East Mitcham CR43
£1,85008/240.88 miCulvers Avenue, Carshalton3
£2,16004/240.88 miVenice House, Mitcham, CR43
£2,35003/240.89 mi-3
£2,19505/240.9 miCommonside East, MITCHAMN/A
£2,30003/240.91 miAventine Avenue, MITCHAM3
£2,40005/240.92 miLangdale Avenue, Mitcham, Surrey, CR43
£2,10008/240.93 miTintern Road, Carshalton, Surrey, SM53
£2,30009/240.93 miTintern Road, Sutton3
£2,40003/240.93 miQueen Annes Gardens, Mitcham, CR43
£1,67503/240.94 miHilary Avenue, Mitcham3
£3,30003/250.94 mi-3
£3,30003/250.94 mi-3
£2,40003/240.94 miQueen Annes Gardens, Mitcham, Surrey, CR43
£1,80008/240.95 miGreen Wrythe Lane, Carshalton, Surrey, SM5 2SP3
£1,85003/250.95 mi-3
£1,85003/250.95 mi-3
£1,95002/250.95 mi-3
£2,40003/240.97 miCrossways Road, Mitcham, Surrey, CR43
£1,75002/250.97 mi-3
£2,10008/240.98 miMontacute Road, MORDEN3
£2,40002/240.98 mi-3
£2,30008/240.98 mi-3
£2,50012/240.99 mi-3
£2,50012/240.99 mi-3
£2,50012/240.99 mi-3
£2,50012/240.99 mi-3
£2,50012/240.99 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.64 miles away

Nearest school

0.50 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £325,000

January 28, 2025

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • The Modern Method of Auction +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • In Need of Modernisation +
  • Garage To The Rear +
  • Three Bedrooms +
  • Spacious Living/Dining Room +

This three-bedroom terraced house offers an excellent opportunity for those looking to create their dream home. In need of modernisation, the property features a spacious living room, three well-proportioned bedrooms, and the added benefit of a garage to the rear. With no onward chain, this home is perfect for buyers eager to move quickly and put their personal stamp on the space.

Situated just moments from Mitcham Junction station, this property boasts fantastic transport links, including nearby bus routes, making it ideal for commuters. The area is well-regarded for its good local schools, ensuring a convenient setting for families. With essential amenities and green spaces within easy reach, this location offers a blend of connectivity and community living.

Auctioneers Comments

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. 

PORCH  

ENTRANCE HALL  

SITTING/DINING ROOM 28' 5" x 11' 2" (8.66m x 3.4m)  

KITCHEN 9' 0" x 6' 5" (2.74m x 1.96m)  

CONSERVATORY 16' 5" x 7' 5" (5m x 2.26m)  

GARDEN 47' 1" x 18' 1" (14.35m x 5.51m)  

GARAGE 19' 0" x 8' 9" (5.79m x 2.67m)  

LANDING  

BEDROOM 1 15' 2" x 11' 0" (4.62m x 3.35m)  

BEDROOM 2 12' 7" x 10' 10" (3.84m x 3.3m)  

BEDROOM 3 8' 3" x 6' 6" (2.51m x 1.98m)  

BATHROOM

Agent Details

Paul Graham, Carshalton

020 3870 2663

Next Steps?

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

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