3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 1ES, £475,000

Kingsmead Avenue, Mitcham, CR4 1ES - 2 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£400K - £601K
Sold Prices/m²£3.9K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£478,155

 

 

End Value (After Refurb)

£502,954

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£49,214

Bridging Loan Interest

£12,469

Total Cash In

£212,882

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£502,954

Mortgage (After Refinance)

£377,216

Mortgage LTV

75%

Cash Released

£20,966

Cash Left In

£191,916

Equity

£125,739

Rent Range

£1,900 - £3,000

Rent Estimate

£2,357

Running Costs/mo

£2,063

Cashflow/mo

£294

Cashflow/yr

£3,526

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £400K to £601K, average is £459K. £3.9K/m² to £7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£550K05/230.01 mi31, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£490K12/220.02 mi25, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£517.5K07/230.04 mi20, Rosemead Avenue, Mitcham, Greater London CR4 1EY3
£545K12/220.05 mi25, Rosemead Avenue, Mitcham, Greater London CR4 1EZ3
£418K02/210.06 mi12, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£495K11/220.06 mi8, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£455K10/210.08 mi171, Manor Way, Mitcham, Greater London CR4 1EN3
£452K12/220.09 mi36, Malvern Close, Mitcham, Greater London CR4 1EH3
£490K06/210.11 mi12, Tomblin Mews, London, Greater London SW16 5FR3
£540K06/230.12 mi12, Rowan Road, London, Greater London SW16 5JL3
£428K03/210.14 mi131, Manor Way, Mitcham, Greater London CR4 1EJ3
£461K07/220.14 mi30, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£450K05/230.14 mi16, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£475K09/210.16 mi140, Manor Road, Mitcham, Greater London CR4 1JE3
£487K02/210.17 mi22, St Olaves Walk, London, Greater London SW16 5QQ3
£420K06/210.18 mi25, Church Walk, London, Greater London SW16 5JH3
£419K12/200.19 mi95, Manor Road, Mitcham, Greater London CR4 1JD3
£495K11/200.19 mi13, Middle Way, London, Greater London SW16 4HN3
£435K03/210.21 mi126, Abbotts Road, Mitcham, Greater London CR4 1JW3
£495K04/230.23 mi146, Rowan Road, London, Greater London SW16 5JQ3
£470K11/220.25 mi80, Oxford Close, Mitcham, Greater London CR4 1DZ3
£476.1K06/210.25 mi88, Oxford Close, Mitcham, Greater London CR4 1DZ3
£433K11/200.27 mi35, Manor Way, Mitcham, Greater London CR4 1EG3
£490K01/210.27 mi1, Manor Way, Mitcham, Greater London CR4 1EG3
£457K07/230.27 mi3, Manor Way, Mitcham, Greater London CR4 1EG3
£450K06/230.27 mi61, Manor Way, Mitcham, Greater London CR4 1EG3
£429K02/210.3 mi29, Lyndhurst Avenue, London, Greater London SW16 4UG3
£490K03/210.3 mi12, Cranesbill Close, London, Greater London SW16 5QL3
£525K07/230.3 mi24, Lymington Close, London, Greater London SW16 4QL3
£425K06/210.31 mi63, Greenwood Road, Mitcham, Greater London CR4 1PF3
£400K12/200.34 mi1, Manor Road, Mitcham, Greater London CR4 1JG3
£537.5K06/210.34 mi41, Manor Road, Mitcham, Greater London CR4 1JG3
£450K11/200.35 mi96, Meopham Road, Mitcham, Greater London CR4 1BJ3
£436K09/210.39 mi4, Oriel Close, Mitcham, Greater London CR4 1PA3
£422K11/200.4 mi201, Tamworth Lane, Mitcham, Greater London CR4 1DH3
£445K03/210.41 mi191, Stanford Road, London, Greater London SW16 4QG3
£471.5K03/210.41 mi11, Marlowe Square, Mitcham, Greater London CR4 1DT3
£452K06/230.42 mi196, Tamworth Lane, Mitcham, Greater London CR4 1DE3
£425K04/210.44 mi27, Worthington Close, Mitcham, Greater London CR4 1JQ3
£440K05/210.44 mi11, Norbury Cross, London, Greater London SW16 4JG3
£601K01/230.44 mi45, Rowan Crescent, London, Greater London SW16 5JA3
£568K02/230.45 mi61, Rowan Crescent, London, Greater London SW16 5JA3
£455K02/210.45 mi21, Rowan Crescent, London, Greater London SW16 5JA3
£475K06/230.45 mi105, Tamworth Lane, Mitcham, Greater London CR4 1DJ3
£515K02/230.45 mi49, St Georges Road, Mitcham, Greater London CR4 1ED3
£600K08/220.46 mi39, Tamworth Park, Mitcham, Greater London CR4 1HZ3
£425K12/200.46 mi45, St Georges Road, Mitcham, Greater London CR4 1ED3
£432.5K10/200.46 mi33, St Georges Road, Mitcham, Greater London CR4 1ED3
£410K11/200.46 mi24, Fern Avenue, Mitcham, Greater London CR4 1LS3
£490K03/230.47 mi26, Elm Gardens, Mitcham, Greater London CR4 1LY3

Local Rents

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

RentDateDistanceAddressBeds 
£2,30003/240.05 miRosemead Avenue, Mitcham, CR43
£2,50012/240.09 mi-3
£2,60004/240.24 miRobinhood Close, Mitcham, Surrey3
£2,00009/240.24 miBeckway Road, SW163
£2,10009/240.3 mi-3
£2,20009/240.32 mi-3
£2,10009/240.32 mi-3
£2,30003/240.36 mi-3
£2,00009/240.39 mi-3
£2,50004/240.39 miNeptune Court, Mitcham, CR43
£2,35002/250.39 mi-3
£2,40003/240.4 miCrossways Road, Mitcham, Surrey, CR43
£1,90003/240.4 miWalton Way 3
£2,60005/240.4 miMeopham Road, Mitcham, CR43
£2,60005/240.42 mi-3
£2,80009/240.43 miNorbury Cross, Norbury , SW163
£2,35003/240.43 mi-3
£3,00003/240.44 mi-3
£3,00003/240.44 miNeptune Court, Mitcham, CR43
£2,30003/250.44 mi-3
£2,27503/250.44 mi-3
£2,70009/240.44 miBENETT GARDENS, Norbury, London, SW163
£2,10009/240.48 miIsham Road, London, SW163
£2,60009/240.49 miEbenezer Walk, LONDON3
£2,10003/240.49 miCommonside East, Mitcham, CR43
£2,20012/240.5 mi-3
£2,10002/240.52 mi-3
£2,16004/240.56 miVenice House, Mitcham, CR43
£2,20009/240.57 miStockport Road, London, SW163
£2,30003/240.57 miAventine Avenue, MITCHAM3
£2,30005/240.58 miBeech Grove, Mitcham, CR43
£2,10003/250.6 mi-3
£2,40009/240.6 mi-3
£2,30005/240.6 mi-3
£2,30003/250.6 mi-3
£2,30003/250.6 mi-3

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.71 miles away

Nearest school

0.30 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £475,000

March 20, 2025

Price changed to £500,000

February 16, 2025

Listed for £525,000

January 30, 2025

Floor Plans

Description

  • Three bedroom house +
  • Potential to extend +
  • Chain free +
  • Quiet location +
  • Large garden +
  • EPC rating: D +

A stunning three-bedroom home set on the quiet yet well connected Kingsmead Avenue.

This property has been well looked after by the current owners and comprises; three well-proportioned bedrooms, one bathroom, a cosy living room, dining room and kitchen that leads onto a large garden and a garage.

This freehold house would be perfect for a first-time buyer or home mover looking for a property that is ready to move into but could benefit with modernisation. The property has had a new combi boiler and radiators fitted. in the last 3 years.

This home is ideally located at the foot of Streatham Vale and is a walk from Streatham Common and Mitcham Eastfield Stations with direct access to Central London via Clapham Junction, London Bridge and London Victoria. Woodmansterne and Granton schools are a short walk away as are the shops, bars and restaurants local to Streatham Vale.

Agent Details

Oaks Estate Agents, Streatham

020 3834 8291

Next Steps?

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