2 Bed Bungalow, Single Let, Mitcham, CR4 1SR, £450,000

Hammond Avenue, Mitcham, CR4 1SR - 2 months ago

Sold STC
BTL
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£320K - £550K
Sold Prices/m²£4K/m² - £9.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.6K/m²

Value Estimate

£409,730

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Rent Range

£1,450 - £2,230

Rent Estimate

£1,450

Running Costs/mo

£1,716

Cashflow/mo

£-266

Cashflow/yr

£-3,195

Gross Yield

4%

Local Sold Prices

37 sold prices from £320K to £550K, average is £435K. £4K/m² to £9.2K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£392K01/210.12 mi11, Acacia Road, Mitcham, Greater London CR4 1SF2
£465K07/230.22 mi7, Cedars Avenue, Mitcham, Greater London CR4 1HN2
£385K03/210.23 mi231, Tamworth Lane, Mitcham, Greater London CR4 1DH2
£396K01/230.29 mi50, Firs Close, Mitcham, Greater London CR4 1AY2
£435K02/210.36 mi75, Commonside East, Mitcham, Greater London CR4 2QB2
£370.5K05/230.38 mi24, Hilary Avenue, Mitcham, Greater London CR4 2LA2
£427K10/210.42 mi92a, Meopham Road, Mitcham, Greater London CR4 1BJ2
£415K09/210.42 mi49, Commonside East, Mitcham, Greater London CR4 2QA2
£369K10/200.42 mi47, Commonside East, Mitcham, Greater London CR4 2QA2
£450K09/210.44 mi7, Meopham Road, Mitcham, Greater London CR4 1BH2
£435K11/200.45 mi5, Tomblin Mews, London, Greater London SW16 5FR2
£470K01/230.46 mi8, Proctor Close, Mitcham, Greater London CR4 2GX2
£385K02/210.48 mi80, Lilian Road, London, Greater London SW16 5JT2
£407.5K10/200.51 mi325, Commonside East, Mitcham, Greater London CR4 1HE2
£475K09/220.56 mi3, Elmhurst Avenue, Mitcham, Greater London CR4 2HP2
£496.5K12/200.58 mi44, Lilian Road, London, Greater London SW16 5HN2
£456.9K06/210.58 mi33, Leonard Road, London, Greater London SW16 5SY2
£525K03/230.59 mi73, Marian Road, London, Greater London SW16 5HR2
£467K07/230.59 mi26, Marian Road, London, Greater London SW16 5HR2
£467K07/230.59 mi26, Marian Road, London, Greater London SW16 5HR2
£492.5K08/230.63 mi27, Greyhound Terrace, London, Greater London SW16 5SX2
£447K12/220.67 mi45a, Park Avenue, Mitcham, Greater London CR4 2ER2
£350K03/230.77 mi39, Steers Mead, Mitcham, Greater London CR4 3JX2
£550K06/230.84 mi37a, Thirsk Road, Mitcham, Greater London CR4 2BL2
£370K01/210.85 mi63, Denham Crescent, Mitcham, Greater London CR4 4LZ2
£490K10/220.85 mi24, Edmund Road, Mitcham, Greater London CR4 3AR2
£412K06/210.85 mi5, Bordergate, Mitcham, Greater London CR4 3JE2
£435K06/210.86 mi50, Edmund Road, Mitcham, Greater London CR4 3AR2
£497.5K06/230.86 mi5, Rural Way, London, Greater London SW16 6PF2
£400K10/210.88 mi31, Morland Close, Mitcham, Greater London CR4 3JT2
£393K06/230.9 mi220, Tylecroft Road, London, Greater London SW16 4TQ2
£405K04/210.9 mi75, Turle Road, London, Greater London SW16 5QW2
£385K05/210.92 mi172, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£405K03/210.92 mi55, Oakmead Place, Mitcham, Greater London CR4 3RU2
£540K05/230.95 mi444, Southcroft Road, London, Greater London SW16 6QX2
£320K03/210.97 mi234, Northborough Road, London, Greater London SW16 4BA2
£440K01/210.98 mi37, Dalton Avenue, Mitcham, Greater London CR4 3DT2

Local Rents

48 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,95004/240.08 miAcacia Road, Mitcham, CR42
£2,00005/240.13 mi-2
£2,00005/240.13 miJupiter House, Mitcham, CR42
£1,70004/240.17 mi-2
£1,70003/240.17 miVerona House, Mitcham, CR42
£1,80001/250.17 mi-2
£1,70003/240.18 mi-2
£1,85003/250.22 mi-2
£1,60004/240.24 miImperial Gardens, Mitcham, Surrey, CR42
£2,00003/240.27 mi-2
£2,00003/240.27 miPentlands Close, London, CR42
£1,45004/240.33 miPearson Way -Mitcham - 2 bedroom - Balcony2
£1,65003/240.35 miTamworth Park, Mitcham, CR42
£1,45003/240.35 miPearson Way -Mitcham - 2 bedroom - Balcony2
£1,45005/240.35 mi2 bedroom apartment - Slade Way - Mitcham - CR4 2GB2
£1,95004/240.36 mi159 Commonside East Mitcham CR42
£2,00005/240.36 mi159 Commonside East Mitcham CR42
£1,95005/240.36 mi159 Commonside East Mitcham CR42
£2,00005/240.36 mi159 Commonside East Mitcham CR42
£2,00005/240.36 mi159 Commonside East Mitcham CR42
£1,65003/240.36 miSlade Way, Mitcham, CR42
£1,80003/250.37 mi-2
£1,95001/250.37 mi-2
£1,90003/250.39 mi-2
£1,60003/240.39 miSummerhill Way, MITCHAM2
£1,65003/240.39 miSummerhill Way Mitcham CR42
£1,70002/240.41 mi-2
£1,65003/240.46 mi-2
£1,65003/250.46 mi-2
£1,75003/240.46 miProctor Close, Mitcham, CR42
£2,23009/240.48 mi-2
£1,90005/240.51 mi-2
£1,80009/240.52 miRowan Crescent, Streatham Vale, London, SW162
£1,75009/240.55 mi-2
£2,10003/250.56 mi-2
£1,75012/240.56 mi-2
£1,79512/240.56 mi-2
£1,65003/240.57 miManor Road, Mitcham, CR42
£1,65004/240.57 miManor Road, Mitcham, CR42
£1,69504/240.57 mi-2
£1,90012/240.57 mi-2
£2,00009/240.59 mi-2
£1,90005/240.59 miBennetts Close, Mitcham, CR42
£1,70002/250.59 mi-2
£1,70003/250.59 mi-2
£1,85002/250.59 mi-2
£1,75004/240.61 mi-2
£1,65002/250.62 mi-2

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £450,000

February 10, 2025

Floor Plans

Description

  • Close to transport +
  • Good location +
  • Bungalow +
  • Two bedroom +
  • Chain free +

SUMMARY
Looking to acquire this fantastic two bedroom bungalow on Hammond avenue then look no further than this, this property comprises off two reception rooms, family bathroom & a lean too at the rear with added benefits of a garden and a driveway.

DESCRIPTION
Looking to acquire this fantastic two bedroom bungalow on Hammond avenue then look no further than this, this property comprises off two reception rooms, family bathroom & a lean too at the rear with added benefits of a garden and a driveway.
With Mitcham Eastfields station in close proximity this is the ideal property for first times buyers getting on the housing ladder or buy to let investors with so much transport and shops local.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Mitcham

020 3835 4181

Next Steps?

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