3 Bed Detached House, Refurb/BRRR, Mitcham, CR4 2HB, £800,000

Graham Road, Central Mitcham, CR4 2HB - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£367.5K - £775K
Sold Prices/m²£4.1K/m² - £8.1K/m²

 

 

Square Metres

~93 m²
Price/m²£8.6K/m²

Value Estimate

£521,209

 

 

End Value (After Refurb)

£534,981

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£49,214

Bridging Loan Interest

£21,000

Total Cash In

£324,664

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£534,981

Mortgage (After Refinance)

£401,236

Mortgage LTV

75%

Cash Left In

£324,664

Equity

£133,745

Rent Range

£1,600 - £1,850,430

Rent Estimate

£2,400

Running Costs/mo

£2,172

Cashflow/mo

£228

Cashflow/yr

£2,738

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £367.5K to £775K, average is £487.5K. £4.1K/m² to £8.1K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£530K02/210.01 mi15, Graham Road, Mitcham, Greater London CR4 2HB3
£495K04/230.03 mi34, Graham Road, Mitcham, Greater London CR4 2HA3
£515K07/220.05 mi59, Graham Road, Mitcham, Greater London CR4 2HB3
£500K09/210.07 mi8, Elmfield Avenue, Mitcham, Greater London CR4 2HL3
£437.5K01/210.07 mi17, Elmfield Avenue, Mitcham, Greater London CR4 2HL3
£480K10/210.08 mi13, Pearce Close, Mitcham, Greater London CR4 2GP3
£500K03/230.1 mi20, Marsh Avenue, Mitcham, Greater London CR4 2JN3
£452K11/200.15 mi9, Carew Road, Mitcham, Greater London CR4 2JH3
£450K11/220.15 mi4, Lavender Avenue, Mitcham, Greater London CR4 3HH3
£375K01/230.17 mi65, Feltham Road, Mitcham, Greater London CR4 2JQ3
£399K03/210.2 mi48, Spring Grove, Mitcham, Greater London CR4 2NP3
£400K06/210.2 mi42, Spring Grove, Mitcham, Greater London CR4 2NP3
£367.5K07/230.2 mi20, Lansdell Road, Mitcham, Greater London CR4 2JE3
£525K06/230.23 mi10, Manship Road, Mitcham, Greater London CR4 2AY3
£540K06/210.23 mi42, Bond Road, Mitcham, Greater London CR4 3HE3
£480K04/210.26 mi88, Lavender Avenue, Mitcham, Greater London CR4 3HH3
£467K03/210.27 mi38, Eveline Road, Mitcham, Greater London CR4 3LE3
£460K04/210.27 mi16, Edgehill Road, Mitcham, Greater London CR4 2HU3
£524K05/210.28 mi26, Framfield Road, Mitcham, Greater London CR4 2AL3
£510K03/210.31 mi82, Streatham Road, Mitcham, Greater London CR4 2AB3
£455K05/210.33 mi1, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£490K02/210.33 mi27, Biggin Avenue, Mitcham, Greater London CR4 3HN3
£500K06/210.33 mi16, St James Road, Mitcham, Greater London CR4 2DA3
£455K12/210.33 mi87, Grove Road, Mitcham, Greater London CR4 1SL3
£510K01/210.34 mi89, Framfield Road, Mitcham, Greater London CR4 2AW3
£530K05/230.36 mi157, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£475K11/220.36 mi6, Barnard Road, Mitcham, Greater London CR4 2LB3
£560K03/210.36 mi151, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£420K10/200.36 mi37, Steers Mead, Mitcham, Greater London CR4 3JX3
£625K11/220.37 mi51, Tamworth Lane, Mitcham, Greater London CR4 1DG3
£537.5K09/210.38 mi158, Gorringe Park Avenue, Mitcham, Greater London CR4 2DX3
£687K12/220.38 mi87, Edgehill Road, Mitcham, Greater London CR4 2HZ3
£625K09/210.39 mi26, Carlingford Gardens, Mitcham, Greater London CR4 2AT3
£450K12/210.4 mi4, Lime Tree Place, Mitcham, Greater London CR4 1AR3
£495K05/230.4 mi104, Edgehill Road, Mitcham, Greater London CR4 2HW3
£485K03/210.4 mi40, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3
£425K05/210.4 mi15, Lavender Grove, Mitcham, Greater London CR4 3HW3
£463.5K09/210.4 mi23, Lavender Grove, Mitcham, Greater London CR4 3HW3
£477.5K03/210.41 mi30, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3
£425K12/200.41 mi98, Steers Mead, Mitcham, Greater London CR4 3JW3
£555K05/210.42 mi52, Grove Road, Mitcham, Greater London CR4 1SA3
£470K03/210.42 mi22, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£436K08/230.42 mi16, Lavender Grove, Mitcham, Greater London CR4 3HU3
£422.5K04/210.42 mi20, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£530K11/200.44 mi86, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£559K02/210.44 mi96, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£450K06/210.44 mi21, Commonside East, Mitcham, Greater London CR4 2QA3
£505K05/230.44 mi56, Hawkes Road, Mitcham, Greater London CR4 3JG3
£537K06/230.44 mi8, Hawkes Road, Mitcham, Greater London CR4 3JG3
£775K01/210.46 mi33, Garden Avenue, Mitcham, Greater London CR4 2EE3

Local Rents

51 rents from £1.6K/mo to £1.9M/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£1,80004/240.01 miGraham Road, Mitcham3
£2,10005/240.03 miGraham Avenue, Mitcham3
£2,20003/240.06 miElmfield Avenue, Mitcham, CR43
£1,95002/250.07 mi-3
£2,85003/240.08 miFernlea Road Mitcham CR43
£2,85004/240.09 miFernlea Road, Mitcham, CR43
£2,47505/240.11 mi-3
£1,850,43010/230.13 miFernlea Road, Mitcham3
£1,77003/240.17 miArmfield Crescent, Mitcham, CR43
£2,35003/240.19 miEastfields Road, Mitcham3
£3,50004/240.22 mi-3
£3,50004/240.22 mi-3
£2,30012/240.23 mi-3
£2,30002/250.23 mi-3
£2,10005/240.24 miEdgehill Road, Mitcham3
£2,20004/240.27 miSt Marks Road, Mitcham, Surrey, CR43
£2,70005/240.29 miManship Road, Mitcham, CR43
£2,50003/240.29 mi-3
£2,70005/240.29 miManship Road3
£2,70005/240.29 miManship Road3
£2,70005/240.3 miManship Road, London, CR43
£2,49502/250.31 mi-3
£2,25003/240.33 mi-3
£2,25003/240.33 mi-3
£2,25003/240.33 miGrove Road, Mitcham, CR43
£2,40003/240.33 miFramfield Road, Mitcham, CR43
£2,50004/240.33 miFramfield Road, Mitcham, CR43
£2,50004/240.33 miFramfield Road, Mitcham, CR43
£2,50005/240.33 mi-3
£2,40002/240.35 mi-3
£2,70003/240.35 miSt. James Road, Tooting3
£2,70003/240.35 miSt. James Road Mitcham CR43
£2,70003/240.35 miSt. James Road, Mitcham, Surrey, CR4 2DF3
£2,60003/240.36 miEdgehill Road, Mitcham, CR43
£2,40004/240.37 miMontrose Gardens, Mitcham, CR43
£2,40005/240.38 mi-3
£2,40004/240.38 miLavender Avenue, Mitcham, CR43
£2,60003/240.38 miEdgehill Road, MITCHAM3
£1,67503/240.4 miHilary Avenue, Mitcham3
£2,20005/240.42 mi-3
£2,80004/240.42 miStreatham Road Mitcham CR43
£2,40003/240.43 miBordergate, Mitcham3
£2,40003/240.43 miBordergate, Mitcham3
£2,19505/240.44 miCommonside East, MITCHAMN/A
£2,20003/240.46 miEdenvale Road Mitcham CR43
£2,60005/240.47 mi159 Commonside East Mitcham CR43
£2,40005/240.48 miLangdale Avenue, Mitcham, Surrey, CR43
£2,30003/240.5 miAventine Avenue, MITCHAM3
£1,60004/250.51 mi-3
£1,60003/250.51 mi-3
£2,40003/240.51 miStanley Road, Mitcham, Surrey, CR43

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £800,000

February 9, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Double Fronted Detached House +
  • Driveway & Garage +
  • Private Front & Rear Gardens +
  • In Need Of Renovation +
  • 5 Reception Rooms +
  • Kitchen & Bathroom +
  • Extension Potential +
  • Central Mitcham +
  • Ideal Family Home +

No chain sale of this magnificent, double fronted detached house ready for it's new family. Set on one of Mitcham's premier road, you're only a short walk to all shops, restaurants, cafes and travel links. Approaching this house, you grand façade greets you with authority. The substantial front garden with driveway and tiled path leads to the original stained glass windowed front door. The entrance hall offers the feature staircase and is full of natural light. To the left we find the formal dining room. To the right is a through, double reception space. The 'games' room is next with the useful downstairs WC and sink just off the hallway. 2 further reception rooms before you reach the rear gardens. Access to the garage is from both the gardens and driveway. Back into the house, we have a kitchen and the separate breakfast room. Upstairs we find 3 double bedrooms, bathroom with feature marble fireplace and separate WC & sink. There is huge loft ready and waiting to be converted (STPP). This property type is rarely seen on the market. Requiring extensive renovation, with the right imagination, this house will be a very special home. EPC 'F'. There is further on-street un-restricted parking. The electric, water and sewage are mains connected. Gas central heating. The property is not listed or in a conservation area.

Agent Details

eddisonwhite, Merton - Sales & Lettings

03301 654813

Next Steps?

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