3 Bed Flat, Single Let, Mitcham, CR4 3HB, £250,000

London Road, Mitcham, CR4 3HB - 8 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 12%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£230K - £775K
Sold Prices/m²£4.3K/m² - £11.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£302,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,500 - £1,850,430

Rent Estimate

£1,888

Running Costs/mo

£1,179

Cashflow/mo

£709

Cashflow/yr

£8,510

ROI

12%

Gross Yield

9%

Local Sold Prices

22 sold prices from £230K to £775K, average is £400.5K. £4.3K/m² to £11.3K/m², average is £7.4K/m².

PriceDateDistanceAddressBeds 
£257.5K12/200.08 miFlat 21, Paxton Court, Armfield Crescent, Mitcham, Greater London CR4 2JY3
£280K02/230.08 miFlat 34, Paxton Court, Armfield Crescent, Mitcham, Greater London CR4 2JZ3
£260K06/230.08 miFlat 24, Paxton Court, Armfield Crescent, Mitcham, Greater London CR4 2JY3
£270K11/220.09 miFlat 45, Elm Court, Armfield Crescent, Mitcham, Greater London CR4 2JU3
£290K12/220.09 miFlat 45, Paxton Court, Armfield Crescent, Mitcham, Greater London CR4 2JZ3
£401K09/210.46 mi2, Spencer Road, Mitcham, Greater London CR4 1SH3
£332K06/230.66 mi10, Edenvale Close, Mitcham, Greater London CR4 2DS3
£450K11/200.69 mi125, Tynemouth Road, Mitcham, Greater London CR4 2BR3
£420K03/230.69 mi67, Tynemouth Road, Mitcham, Greater London CR4 2BR3
£400K11/200.73 mi52, Singleton Close, London, Greater London SW17 9JZ3
£416K12/220.74 mi3, Tynemouth Road, Mitcham, Greater London CR4 2BQ3
£250K05/230.75 miFlat 2, Brooklands Court, Haslemere Avenue, Mitcham, Greater London CR4 3PQ3
£266K03/230.79 miFlat 8, Cobham Court, Haslemere Avenue, Mitcham, Greater London CR4 3PR3
£465K08/230.83 miFlat 3, Brookes Court, Longley Road, London, Greater London SW17 9LF3
£230K06/210.84 miFlat 15, Cranleigh Court, Phipps Bridge Road, Mitcham, Greater London CR4 3PB3
£250K12/200.84 miFlat 1, Cranleigh Court, Phipps Bridge Road, Mitcham, Greater London CR4 3PB3
£525K11/200.91 mi51a, Glasford Street, London, Greater London SW17 9HL3
£775K10/230.93 mi52, Glasford Street, London, Greater London SW17 9HN3
£495.5K09/230.93 mi72b, Seely Road, London, Greater London SW17 9QT3
£667.5K06/210.96 mi66, Bickersteth Road, London, Greater London SW17 9SQ3
£650K03/210.97 mi22, Robinson Road, Colliers Wood, London, Greater London SW17 9DW3
£460K03/230.98 mi236, Sellincourt Road, London, Greater London SW17 9SB3

Local Rents

51 rents from £1.5K/mo to £1.9M/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£1,77003/240.09 miArmfield Crescent, Mitcham, CR43
£2,47505/240.15 mi-3
£2,20004/240.17 miSt Marks Road, Mitcham, Surrey, CR43
£2,40004/240.19 miMontrose Gardens, Mitcham, CR43
£1,95002/250.24 mi-3
£3,50004/240.25 mi-3
£3,50004/240.25 mi-3
£1,80004/240.26 miGraham Road, Mitcham3
£2,40005/240.27 miLangdale Avenue, Mitcham, Surrey, CR43
£1,67503/240.27 miHilary Avenue, Mitcham3
£2,40002/240.28 mi-3
£2,40005/240.28 mi-3
£2,40004/240.28 miLavender Avenue, Mitcham, CR43
£2,10005/240.28 miGraham Avenue, Mitcham3
£2,19505/240.29 miCommonside East, MITCHAMN/A
£2,35003/240.29 miEastfields Road, Mitcham3
£2,85004/240.3 miFernlea Road, Mitcham, CR43
£1,90012/240.31 mi-3
£2,85003/240.31 miFernlea Road Mitcham CR43
£2,20003/240.31 miElmfield Avenue, Mitcham, CR43
£2,50012/240.32 mi-3
£2,50012/240.32 mi-3
£2,50012/240.32 mi-3
£2,50012/240.32 mi-3
£2,50012/240.32 mi-3
£1,50012/240.32 mi-3
£2,40003/240.34 miQueen Annes Gardens, Mitcham, Surrey, CR43
£1,60003/250.34 mi-3
£1,60004/250.34 mi-3
£2,40003/240.36 miQueen Annes Gardens, Mitcham, CR43
£2,60005/240.36 mi159 Commonside East Mitcham CR43
£2,00003/240.37 miLavendar Avenue, Mitcham, CR43
£2,25003/240.38 mi-3
£2,25003/240.38 mi-3
£2,25003/240.38 miGrove Road, Mitcham, CR43
£1,850,43010/230.38 miFernlea Road, Mitcham3
£2,40003/240.39 miBordergate, Mitcham3
£2,40003/240.39 miBordergate, Mitcham3
£2,65004/250.39 mi-3
£2,30012/240.42 mi-3
£2,30004/250.42 mi-3
£2,00005/240.42 miLewis Road, Tooting3
£2,35004/240.43 miCricket Green, MITCHAM3
£2,40003/240.47 miRodney Road, Mitcham, Surrey, CR43
£2,10005/240.48 miEdgehill Road, Mitcham3
£2,40003/240.48 miRodney Road, MITCHAM3
£2,45002/250.48 mi-3
£2,70005/240.49 miManship Road, Mitcham, CR43
£2,70005/240.49 miManship Road3
£2,70005/240.49 miManship Road3
£2,70005/240.5 miManship Road, London, CR43

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.66 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

February 6, 2025

Floor Plans

Description

  • Chain FREE +
  • Three Double Bedrooms +
  • Spacious Lounge +
  • Good Transport Links +
  • Superb Purchase +
  • Great Investment Potential +

This 3-bedroom flat in Monarch Parade presents an excellent opportunity for investors or homebuyers looking for a well-maintained property in a dynamic and convenient location.

### Key Features:
- Spacious Accommodation: Three generously sized bedrooms provide ample living space for families or tenants.
- Vibrant Location: Situated in Monarch Parade, the property benefits from proximity to a variety of local amenities, including shops, cafes, and restaurants, ensuring all your needs are within easy reach.
- Excellent Connectivity: With great transport links nearby, the flat is ideal for commuters or those looking to explore the city with ease.
- Investment Potential: The combination of location and layout makes this property an attractive option for investors seeking strong rental demand in a popular area.

This flat offers a blend of comfort, convenience, and potential for growth in a thriving neighborhood. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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