3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 3LT, £525,000

Alexandra Road,Mitcham,CR4 3LT - 2 views - 2 months ago

Refurb/BRRR
~93 m²

ValuationUndervalued

Sold Prices£420K - £1.0M
Sold Prices/m²£4.9K/m² - £10.2K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£540,750
BMV3%

 

 

End Value (After Refurb)

£620,658

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£49,214

Bridging Loan Interest

£13,781

Total Cash In

£226,695

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£620,658

Mortgage (After Refinance)

£465,494

Mortgage LTV

75%

Cash Released

£71,744

Cash Left In

£154,951

Equity

£155,165

Rent Range

£1,600 - £3,500

Rent Estimate

£2,450

Running Costs/mo

£2,450

Cashflow/mo

£0

Cashflow/yr

£5

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £420K to £1.0M, average is £552.5K. £4.9K/m² to £10.2K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£536.8K05/210.01 mi26, Alexandra Road, Mitcham, Greater London CR4 3LT3
£500K06/210.01 mi17, Alexandra Road, Mitcham, Greater London CR4 3LT3
£540K03/210.08 mi139, Victoria Road, Mitcham, Greater London CR4 3JD3
£540K06/230.11 mi25, Island Road, Mitcham, Greater London CR4 3JH3
£840K09/210.11 mi91, Courtney Road, London, Greater London SW19 2EE3
£575K09/220.13 mi39, Fleming Mead, Mitcham, Greater London CR4 3LY3
£570K05/210.16 mi6, Friday Road, Mitcham, Greater London CR4 3JQ3
£435K03/230.16 mi26, Friday Road, Mitcham, Greater London CR4 3JQ3
£472.5K02/210.18 mi12, Fleming Mead, Mitcham, Greater London CR4 3LU3
£505K05/230.18 mi56, Hawkes Road, Mitcham, Greater London CR4 3JG3
£537K06/230.18 mi8, Hawkes Road, Mitcham, Greater London CR4 3JG3
£565K02/230.2 mi105, Heathfield Drive, Mitcham, Greater London CR4 3RD3
£495K10/210.21 mi6, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£510K05/210.21 mi4, Kenmare Drive, Mitcham, Greater London CR4 3JP3
£475K03/210.22 mi14, Veals Mead, Mitcham, Greater London CR4 3SB3
£460K09/210.23 mi10, Wilkins Close, Mitcham, Greater London CR4 3SA3
£590K01/230.24 mi5, Veals Mead, Mitcham, Greater London CR4 3SB3
£495K07/230.26 mi60a, Crusoe Road, Mitcham, Greater London CR4 3LG3
£637K03/210.26 mi40, Crusoe Road, Mitcham, Greater London CR4 3LG3
£750K11/230.26 mi5, Colwood Gardens, London, Greater London SW19 2DS3
£800K06/230.26 mi17, Colwood Gardens, London, Greater London SW19 2DS3
£747K11/200.27 mi3, Colwood Gardens, London, Greater London SW19 2DS3
£676.3K11/230.27 mi31, Cavendish Road, London, Greater London SW19 2ET3
£725K01/210.27 mi21, Cavendish Road, London, Greater London SW19 2ET3
£655K03/210.27 mi22, Lyveden Road, London, Greater London SW17 9DU3
£691K10/230.27 mi29, Birdhurst Road, London, Greater London SW19 2HZ3
£420K10/200.28 mi37, Steers Mead, Mitcham, Greater London CR4 3JX3
£735K03/240.29 mi2, Christchurch Close, London, Greater London SW19 2NZ3
£702K10/200.29 mi2, Christchurch Close, London, Greater London SW19 2NZ3
£425K12/200.29 mi98, Steers Mead, Mitcham, Greater London CR4 3JW3
£730K10/230.3 mi11, Warren Road, London, Greater London SW19 2HY3
£790K04/210.32 mi95, Robinson Road, Colliers Wood, London, Greater London SW17 9DN3
£455K05/210.33 mi1, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£652K10/230.33 mi109, Robinson Road, Colliers Wood, London, Greater London SW17 9DN3
£490K02/210.33 mi27, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£485K03/210.33 mi22, Oakmead Place, Mitcham, Greater London CR4 3RU3
£1.0M11/230.35 mi144, Longley Road, London, Greater London SW17 9LH3
£683K03/210.35 mi11, Clive Road, London, Greater London SW19 2JA3
£784K06/210.35 mi11, Finborough Road, London, Greater London SW17 9HY3
£540K12/220.39 mi8, Tyrrell Square, Mitcham, Greater London CR4 3SD3
£945K03/230.4 mi128, Trevelyan Road, London, Greater London SW17 9LW3
£425K05/210.4 mi15, Lavender Grove, Mitcham, Greater London CR4 3HW3
£463.5K09/210.4 mi23, Lavender Grove, Mitcham, Greater London CR4 3HW3
£480K04/210.41 mi88, Lavender Avenue, Mitcham, Greater London CR4 3HH3
£436K08/230.41 mi16, Lavender Grove, Mitcham, Greater London CR4 3HU3
£477.5K08/210.41 mi44, Gorringe Park Avenue, Mitcham, Greater London CR4 2DG3
£625K09/210.41 mi26, Carlingford Gardens, Mitcham, Greater London CR4 2AT3
£525K01/240.42 mi187, Trevelyan Road, London, Greater London SW17 9LP3
£715K02/210.44 mi9, Walpole Road, London, Greater London SW19 2BZ3
£685K06/210.44 mi17, Walpole Road, London, Greater London SW19 2BZ3

Local Rents

51 rents from £1.6K/mo to £3.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20003/240.01 miAlexandra Road Mitcham CR43
£2,70005/240.11 miIsland Road London CR43
£2,20004/240.13 miHeathfield Drive, Colliers Wood Borders3
£2,50001/250.14 mi-3
£2,20004/240.14 miFleming Mead, Mitcham, Surrey, CR43
£2,20001/250.14 mi-3
£2,30003/250.14 mi-3
£2,30002/240.16 mi-3
£2,30002/250.16 mi-3
£2,70002/240.17 mi-3
£2,70002/240.17 mi-3
£2,30005/240.17 mi-3
£2,30012/240.17 miBrailsford Close, Mitcham3
£2,30003/240.18 miBrailsford Close, MITCHAM3
£2,40003/250.18 mi-3
£2,40003/240.23 miBordergate, Mitcham3
£2,40003/240.23 miBordergate, Mitcham3
£1,95009/240.24 miHarewood Road, Colliers Wood3
£2,00009/240.25 miCavendish Road, Colliers Wood, London, SW193
£2,40009/240.26 miColwood Gardens, Colliers Wood, London, SW193
£2,15009/240.26 mi-3
£2,10012/240.27 mi-3
£2,10012/240.27 mi-3
£2,80009/240.28 miLyveden Road, Colliers Wood, London, SW173
£2,60012/240.31 mi-3
£2,40009/240.31 miColwood Gardens, Colliers Wood3
£2,75012/240.31 mi-3
£2,40004/240.35 miLavender Avenue, Mitcham, CR43
£2,40005/240.35 mi-3
£2,45009/240.35 mi-3
£1,95003/250.37 mi-3
£1,95004/250.37 mi-3
£2,35002/240.38 mi-3
£2,39009/240.38 mi-3
£2,00003/240.39 miLavendar Avenue, Mitcham, CR43
£2,30003/240.39 mi-3
£2,00009/240.39 miByegrove Road, Colliers Wood, London, SW193
£2,90009/240.4 miTrevelyan Road , SW173
£1,60009/240.4 miCollege Road, Colliers Wood3
£3,20001/250.4 mi-3
£3,50009/240.41 miRenmuir Street London SW173
£2,40011/240.42 mi-3
£2,40003/240.43 miGrenfell Road, Mitcham, CR43
£2,80009/240.44 miTrevelyan Road, London, SW173
£3,00009/240.44 miRenmuir Street, Tooting, London, SW173
£2,90003/250.45 mi-3
£2,80009/240.45 miFlat 1, Waterfall Road , Colliers Wood SW193
£1,60004/250.46 mi-3
£1,60003/250.46 mi-3
£2,25003/240.46 miHeaton Road, Mitcham, Surrey, CR43
£2,45004/240.46 miGrenfell Road, Tooting, London, CR43

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.28 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £525,000

February 5, 2025

Floor Plans

Description

  • Ref GB1089 +
  • No onward chain +
  • Terraced House +
  • In need of modernisation +
  • Three bedrooms +
  • Family bathroom +
  • Two reception rooms +
  • Kitchen +
  • Garden +
  • Drive +

Ref : GB1089 An excellent opportunity to acquire this charming three-bedroom family home, ideally located on a sought-after, tree-lined street. Spanning two floors, the property offers well-proportioned accommodation. The upper floor features three bedrooms and a family bathroom, while the ground floor boasts two spacious reception rooms, a well-equipped kitchen, and a convenient WC. Abundant natural light is found throughout. Additional features include a generous  garden, a private driveway, and potential for expansion into the loft and at the rear (subject to the usual planning consents). Situated on Alexandra Road, in close proximity to Tooting mainline station, highly regarded schools, and a variety of local amenities. Offered with no onward chain. Floorplan is for guidance only.

Agent Details

eXp UK, London

03304 609968

Next Steps?

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