2 Bed Flat, Single Let, Mitcham, CR4 4FF, £250,000

Mullards Close, Mitcham, CR4 4FF - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£150K - £367K
Sold Prices/m²£3.8K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£302,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,200 - £2,400

Rent Estimate

£1,200

Running Costs/mo

£1,041

Cashflow/mo

£159

Cashflow/yr

£1,905

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £367K, average is £278K. £3.8K/m² to £7K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£260K12/200 mi163, Mullards Close, Mitcham, Greater London CR4 4FF2
£310K11/220 mi155, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FF2
£260K08/210.04 mi88, New Road, Mitcham, Greater London CR4 4LT2
£295K07/230.04 mi100, New Road, Mitcham, Greater London CR4 4LT2
£240K01/210.04 mi76, New Road, Mitcham, Greater London CR4 4LT2
£280K04/230.04 mi2, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FE2
£283K07/230.05 mi137, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD2
£290K01/230.05 mi90, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD2
£270K07/210.1 mi18, Reynolds Close, Carshalton, Greater London SM5 2AY2
£280K01/210.1 mi14, Reynolds Close, Carshalton, Greater London SM5 2AY2
£310K02/210.1 mi31, Reynolds Close, Carshalton, Greater London SM5 2AY2
£297K03/230.1 mi7, Reynolds Close, Carshalton, Greater London SM5 2AY2
£269.9K01/230.1 mi16, Reynolds Close, Carshalton, Greater London SM5 2AY2
£272.5K05/210.11 mi66, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£275K07/210.12 mi6, Philips Close, Carshalton, Greater London SM5 2FE2
£260K03/210.12 mi12, Philips Close, Carshalton, Greater London SM5 2FE2
£275K01/230.12 mi3, Philips Close, Carshalton, Greater London SM5 2FE2
£289K03/230.12 mi78, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£270K11/200.12 mi68, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£295K10/200.12 mi81, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£275K12/200.13 mi90, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£305K02/210.14 mi9, New Road, Mitcham, Greater London CR4 4JN2
£256.5K02/210.17 mi141, Culvers Avenue, Carshalton, Greater London SM5 2BA2
£285K04/210.18 mi56, Otter Drive, Carshalton, Greater London SM5 2FH2
£150K05/230.2 mi18, Percy Road, Mitcham, Greater London CR4 4JU2
£280K06/210.24 mi43, Millside, Carshalton, Greater London SM5 2BQ2
£237.5K10/210.26 miFlat 5c, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS2
£280K04/230.26 miFlat 5f, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS2
£302K02/210.26 mi25, Longfield Avenue, Wallington, Greater London SM6 7AZ2
£285K08/210.51 mi119a, Green Wrythe Lane, Carshalton, Greater London SM5 2ST2
£285K11/200.51 mi129, Green Wrythe Lane, Carshalton, Greater London SM5 2ST2
£244K12/200.52 mi19, Groveside Close, Carshalton, Greater London SM5 2EQ2
£265K07/210.54 mi37, Tavern Close, Carshalton, Greater London SM5 1JE2
£290K06/210.62 mi76, Green Wrythe Lane, Carshalton, Greater London SM5 2DP2
£267K12/220.62 mi82f, Green Wrythe Lane, Carshalton, Greater London SM5 2DP2
£250K04/210.63 mi50, Devana End, Carshalton, Greater London SM5 2NL2
£270K01/210.63 mi28, Devana End, Carshalton, Greater London SM5 2NL2
£367K10/230.65 mi30, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£335K03/210.65 mi18, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£330K03/210.65 mi48, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£225K08/210.68 mi24a, Green Wrythe Lane, Carshalton, Greater London SM5 2DW2
£270K01/210.69 mi48, Shaftesbury Road, Carshalton, Greater London SM5 1HN2
£320K03/230.7 mi90, Denmark Road, Carshalton, Greater London SM5 2JW2
£335K11/200.7 mi80, Denmark Road, Carshalton, Greater London SM5 2JW2
£321.3K05/210.77 miApartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT2
£274.5K10/210.78 mi61, Caraway Place, Wallington, Greater London SM6 7AG2
£276K10/200.78 mi59, Caraway Place, Wallington, Greater London SM6 7AG2
£275K12/210.79 mi58a, Wrythe Lane, Carshalton, Greater London SM5 2RP2
£262K10/200.79 mi66a, Wrythe Lane, Carshalton, Greater London SM5 2RP2
£325K11/220.8 mi1, Dover Gardens, Carshalton, Greater London SM5 2LD2

Local Rents

36 rents from £1.2K/mo to £2.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.01 miMullards Close, Mitcham, CR42
£1,40001/250.03 mi-2
£1,39903/240.05 miMullards Close, Hackbridge, Surrey, CR42
£1,75003/240.05 miMullards Close, Mitcham2
£1,47508/240.1 miReynolds Close, CARSHALTON2
£1,65009/240.17 miOtter Drive Carshalton SM52
£1,95002/250.18 mi-2
£1,50003/240.2 miClose to Watercress Park2
£1,20001/250.21 mi-2
£1,60003/240.24 miWolseley Road, Mitcham, CR42
£1,60002/240.24 mi-2
£2,40002/250.27 mi-2
£1,60003/240.31 mi-2
£1,60003/240.31 miOakdale Way, Mitcham, CR42
£1,80004/250.33 mi-2
£1,85008/240.34 mi-2
£1,85008/240.34 miClover Way, Wallington, SM62
£1,40011/240.35 mi-2
£1,85009/240.36 mi-2
£1,75012/240.36 mi-2
£2,00011/240.36 mi-2
£1,65009/240.36 miSaxon House, 170 London Road, WALLINGTON2
£1,75009/240.36 miLondon Road, Wallington, SM62
£1,69902/240.36 miLondon Road, Wallington, Surrey. SM62
£1,80009/240.39 miFoxglove Way, Wallington, SM62
£1,69404/250.4 mi-2
£1,85001/250.42 mi-2
£1,70009/240.42 miLondon Road Wallington SM62
£1,60009/240.44 miRossignol Gardens, Carshalton, SM52
£1,60008/240.46 mi-2
£2,09709/240.49 miCrypton House, Thimle Crescent, London, SM62
£1,60009/240.49 miWinchcombe Road, Carshalton, SM52
£1,95012/240.5 mi-2
£2,00011/240.5 mi-2
£1,99903/250.55 mi-2
£1,90012/240.61 mi-2

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £250,000

March 12, 2025

Listed for £275,000

February 13, 2025

Description

  • Two Double Bedroom Flat +
  • Long Lease Remaining +
  • Easy Access To Excellent Transport Links +
  • Communal Parking Available +
  • Views Over The River Wandle +

SUMMARY
An excellent opportunity to own a spacious two bedroom 2ND floor flat, situated in a popular modern development. This property overlooks a leafy landscaped communal garden and is enviably positioned next to the picture postcard River Wandle.

DESCRIPTION
This lovely property is presented to a really good standard throughout with a large open plan living and dining room with scenic views over the River Wandle, a modern kitchen with appliances included, two good sized bedrooms, plus a spacious bathroom. Outside there is residents parking and plenty of spaces for visitors.

Second floor two bedroom well-presented flat situated in a popular modern development opposite the River Wandle and Situated a short walk to Hackbridge Train Station (London to Victoria 25 minutes) and Mitcham Junction Station (Tram links to Wimbledon and Croydon), schools, and local shops and amenities.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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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