3 Bed Terraced House, Single Let, Mitcham, CR4 1BJ, £475,000

Meopham Road, Mitcham, CR4 1BJ - 2 months ago

Sold STC
BTL
ROI: 1%
~93 m²

ValuationUndervalued

Sold Prices£418K - £690K
Sold Prices/m²£3.9K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£548,036
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£2,000 - £1,850,430

Rent Estimate

£2,100

Running Costs/mo

£1,924

Cashflow/mo

£176

Cashflow/yr

£2,108

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £418K to £690K, average is £495K. £3.9K/m² to £8.3K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£450K11/200.01 mi96, Meopham Road, Mitcham, Greater London CR4 1BJ3
£601K01/230.11 mi45, Rowan Crescent, London, Greater London SW16 5JA3
£568K02/230.12 mi61, Rowan Crescent, London, Greater London SW16 5JA3
£455K02/210.12 mi21, Rowan Crescent, London, Greater London SW16 5JA3
£495K04/230.12 mi146, Rowan Road, London, Greater London SW16 5JQ3
£465K09/210.17 mi326, Grove Road, Mitcham, Greater London CR4 1AB3
£420K06/210.19 mi25, Church Walk, London, Greater London SW16 5JH3
£430K06/230.2 mi107, Grove Road, Mitcham, Greater London CR4 1AE3
£487K02/210.24 mi22, St Olaves Walk, London, Greater London SW16 5QQ3
£490K06/210.24 mi12, Tomblin Mews, London, Greater London SW16 5FR3
£490K03/210.25 mi12, Cranesbill Close, London, Greater London SW16 5QL3
£497K07/210.25 mi54, Fieldend Road, London, Greater London SW16 5SS3
£525K04/230.27 mi13, Hassocks Road, London, Greater London SW16 5EU3
£450K12/210.27 mi4, Lime Tree Place, Mitcham, Greater London CR4 1AR3
£535K02/210.28 mi78, Fieldend Road, London, Greater London SW16 5SU3
£525K07/230.29 mi24, Lymington Close, London, Greater London SW16 4QL3
£690K04/230.3 mi181, Abercairn Road, London, Greater London SW16 5AJ3
£545K12/220.32 mi25, Rosemead Avenue, Mitcham, Greater London CR4 1EZ3
£455K12/210.33 mi87, Grove Road, Mitcham, Greater London CR4 1SL3
£517.5K07/230.34 mi20, Rosemead Avenue, Mitcham, Greater London CR4 1EY3
£495K11/200.35 mi13, Middle Way, London, Greater London SW16 4HN3
£529K11/210.36 mi17, Churchmore Road, London, Greater London SW16 5UY3
£550K05/230.36 mi31, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£495K05/230.37 mi104, Edgehill Road, Mitcham, Greater London CR4 2HW3
£490K12/220.37 mi25, Kingsmead Avenue, Mitcham, Greater London CR4 1ES3
£550K12/200.38 mi121, Abercairn Road, London, Greater London SW16 5AH3
£495K06/210.39 mi30, Hill Road, Mitcham, Greater London CR4 2HQ3
£687K12/220.39 mi87, Edgehill Road, Mitcham, Greater London CR4 2HZ3
£570K09/220.39 mi34, Hill Road, Mitcham, Greater London CR4 2HQ3
£418K02/210.39 mi12, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£495K11/220.39 mi8, Sunnymead Avenue, Mitcham, Greater London CR4 1EU3
£540K06/230.39 mi12, Rowan Road, London, Greater London SW16 5JL3
£460K04/210.4 mi16, Edgehill Road, Mitcham, Greater London CR4 2HU3
£600K12/200.4 mi230, Abercairn Road, London, Greater London SW16 5AQ3
£450K05/230.41 mi16, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£452K12/220.41 mi36, Malvern Close, Mitcham, Greater London CR4 1EH3
£595K12/210.42 mi18, Sherwood Avenue, London, Greater London SW16 5EW3
£470K03/210.43 mi22, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£455K10/210.43 mi171, Manor Way, Mitcham, Greater London CR4 1EN3
£461K07/220.43 mi30, Hoylake Gardens, Mitcham, Greater London CR4 1ET3
£575K12/220.44 mi95, Melrose Avenue, Mitcham, Greater London CR4 2ED3
£560K11/200.44 mi86, Melrose Avenue, Mitcham, Greater London CR4 2EJ3
£422.5K04/210.45 mi20, Hammond Avenue, Mitcham, Greater London CR4 1SR3
£550K03/210.45 mi89, Park Avenue, Mitcham, Greater London CR4 2ES3
£512K04/230.45 mi27, Braeside Road, London, Greater London SW16 5BG3
£445K03/210.46 mi191, Stanford Road, London, Greater London SW16 4QG3
£515K12/200.46 mi104, Sherwood Avenue, London, Greater London SW16 5EJ3
£625K11/220.46 mi51, Tamworth Lane, Mitcham, Greater London CR4 1DG3
£428K03/210.46 mi131, Manor Way, Mitcham, Greater London CR4 1EJ3
£527.5K03/230.46 mi94, Sherwood Avenue, London, Greater London SW16 5EJ3

Local Rents

50 rents from £2K/mo to £1.9M/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.04 miNeptune Court, Mitcham, CR43
£2,60005/240.05 miMeopham Road, Mitcham, CR43
£2,60005/240.07 mi-3
£2,20009/240.07 mi-3
£3,00003/240.09 mi-3
£3,00003/240.09 miNeptune Court, Mitcham, CR43
£2,10009/240.1 mi-3
£2,00009/240.11 mi-3
£2,10009/240.13 mi-3
£2,60009/240.14 miEbenezer Walk, LONDON3
£2,10002/240.21 mi-3
£2,30003/240.32 miRosemead Avenue, Mitcham, CR43
£2,20009/240.35 miStockport Road, London, SW163
£2,80009/240.35 miChurchmore Road, Streatham Common, SW163
£2,60003/240.39 miEdgehill Road, Mitcham, CR43
£2,60003/240.39 miEdgehill Road, MITCHAM3
£2,49502/250.4 mi-3
£2,00009/240.42 miBeckway Road, SW163
£2,30012/240.42 mi-3
£2,10005/240.42 miEdgehill Road, Mitcham3
£2,30003/240.43 mi-3
£2,30005/240.43 mi-3
£2,37503/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.43 miHill Road, Mitcham/ Tooting Borders, CR43
£2,50012/240.44 mi-3
£2,80009/240.45 miBraeside Road, Streatham Common, SW163
£2,30012/240.45 mi-3
£2,30002/250.45 mi-3
£2,30003/250.47 mi-3
£2,40003/240.47 miCrossways Road, Mitcham, Surrey, CR43
£2,70009/240.53 miBENETT GARDENS, Norbury, London, SW163
£1,850,43010/230.54 miFernlea Road, Mitcham3
£2,60009/240.54 mi-3
£2,20009/240.54 miCanmore Gardens3
£2,40009/240.55 miCanmore Gardens, London, SW163
£2,20009/240.55 miWoodmansterne Road, London3
£2,25003/240.56 miGrove Road, Mitcham, CR43
£2,25003/240.56 mi-3
£2,25003/240.56 mi-3
£2,35003/240.58 miEastfields Road, Mitcham3
£2,60004/240.58 miRobinhood Close, Mitcham, Surrey3
£2,85003/240.58 miFernlea Road Mitcham CR43
£2,30003/240.58 miAventine Avenue, MITCHAM3
£2,85004/240.59 miFernlea Road, Mitcham, CR43
£2,55001/250.59 mi-3
£2,16004/240.6 miVenice House, Mitcham, CR43
£2,80004/240.6 miStreatham Road Mitcham CR43
£2,50009/240.61 mi-3
£2,20003/240.61 miElmfield Avenue, Mitcham, CR43

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £475,000

February 10, 2025

Floor Plans

Description

  • No onward chain +
  • Close to transport +
  • Two separate reception rooms +
  • Three - well proportioned bedrooms +
  • Fully fitted kitchen +
  • Upstairs bathroom +
  • Front and rear garden +
  • Close to amenities +

Nestled in a sought-after residential area, this delightful three-bedroom home on Meopham Road offers a perfect blend of comfort, space, and convenience. Ideal for families, first-time buyers or investors, this well-presented property is ready to move into and provides excellent access to local amenities and transportation links. The property comprises two separate reception rooms, fully fitted kitchen, three good sized bedrooms, bathroom, separate w/c, front and rear gardens. The property is close to Mitcham Eastfields Station, local schools, parks and shopping facilities.

Agent Details

Truuli, Croydon

020 3834 8533

Next Steps?

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