2 Bed Flat, Single Let, Mitcham, CR4 4LT, £300,000

New Road, Mitcham Junction, Surrey, CR4 4LT - a month ago

Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£359,394
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,200 - £2,400

Rent Estimate

£1,349

Running Costs/mo

£1,227

Cashflow/mo

£122

Cashflow/yr

£1,460

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £367K, average is £275.5K. £3.8K/m² to £7K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£260K08/210 mi88, New Road, Mitcham, Greater London CR4 4LT2
£295K07/230 mi100, New Road, Mitcham, Greater London CR4 4LT2
£240K01/210 mi76, New Road, Mitcham, Greater London CR4 4LT2
£260K12/200.04 mi163, Mullards Close, Mitcham, Greater London CR4 4FF2
£310K11/220.04 mi155, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FF2
£280K04/230.06 mi2, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FE2
£283K07/230.09 mi137, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD2
£290K01/230.09 mi90, Mullards Close, Hackbridge, Mitcham, Greater London CR4 4FD2
£305K02/210.13 mi9, New Road, Mitcham, Greater London CR4 4JN2
£270K07/210.14 mi18, Reynolds Close, Carshalton, Greater London SM5 2AY2
£280K01/210.14 mi14, Reynolds Close, Carshalton, Greater London SM5 2AY2
£310K02/210.14 mi31, Reynolds Close, Carshalton, Greater London SM5 2AY2
£297K03/230.14 mi7, Reynolds Close, Carshalton, Greater London SM5 2AY2
£269.9K01/230.14 mi16, Reynolds Close, Carshalton, Greater London SM5 2AY2
£272.5K05/210.15 mi66, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£275K07/210.16 mi6, Philips Close, Carshalton, Greater London SM5 2FE2
£260K03/210.16 mi12, Philips Close, Carshalton, Greater London SM5 2FE2
£275K01/230.16 mi3, Philips Close, Carshalton, Greater London SM5 2FE2
£289K03/230.17 mi78, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£270K11/200.17 mi68, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£295K10/200.17 mi81, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£275K12/200.17 mi90, Reynolds Close, Carshalton, Greater London SM5 2AZ2
£150K05/230.17 mi18, Percy Road, Mitcham, Greater London CR4 4JU2
£256.5K02/210.21 mi141, Culvers Avenue, Carshalton, Greater London SM5 2BA2
£285K04/210.22 mi56, Otter Drive, Carshalton, Greater London SM5 2FH2
£237.5K10/210.25 miFlat 5c, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS2
£280K04/230.25 miFlat 5f, Oakley Court, London Road, Mitcham Junction, Mitcham, Greater London CR4 4HS2
£280K06/210.28 mi43, Millside, Carshalton, Greater London SM5 2BQ2
£302K02/210.29 mi25, Longfield Avenue, Wallington, Greater London SM6 7AZ2
£265K07/210.52 mi37, Tavern Close, Carshalton, Greater London SM5 1JE2
£285K08/210.54 mi119a, Green Wrythe Lane, Carshalton, Greater London SM5 2ST2
£285K11/200.54 mi129, Green Wrythe Lane, Carshalton, Greater London SM5 2ST2
£244K12/200.55 mi19, Groveside Close, Carshalton, Greater London SM5 2EQ2
£290K06/210.66 mi76, Green Wrythe Lane, Carshalton, Greater London SM5 2DP2
£267K12/220.66 mi82f, Green Wrythe Lane, Carshalton, Greater London SM5 2DP2
£270K01/210.67 mi48, Shaftesbury Road, Carshalton, Greater London SM5 1HN2
£250K04/210.68 mi50, Devana End, Carshalton, Greater London SM5 2NL2
£270K01/210.68 mi28, Devana End, Carshalton, Greater London SM5 2NL2
£367K10/230.69 mi30, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£335K03/210.69 mi18, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£330K03/210.7 mi48, Strawberry Lane, Carshalton, Greater London SM5 2NQ2
£225K08/210.72 mi24a, Green Wrythe Lane, Carshalton, Greater London SM5 2DW2
£320K03/230.74 mi90, Denmark Road, Carshalton, Greater London SM5 2JW2
£335K11/200.74 mi80, Denmark Road, Carshalton, Greater London SM5 2JW2
£321.3K05/210.81 miApartment 7, Manor Court, Millpond Place, Carshalton, Greater London SM5 2JT2
£274.5K10/210.81 mi61, Caraway Place, Wallington, Greater London SM6 7AG2
£276K10/200.81 mi59, Caraway Place, Wallington, Greater London SM6 7AG2
£275K12/210.82 mi58a, Wrythe Lane, Carshalton, Greater London SM5 2RP2
£262K10/200.82 mi66a, Wrythe Lane, Carshalton, Greater London SM5 2RP2
£260K01/210.84 mi16, Wrythe Lane, Carshalton, Greater London SM5 2RN2

Local Rents

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

RentDateDistanceAddressBeds 
£1,40003/240.04 miMullards Close, Mitcham, CR42
£1,40001/250.06 mi-2
£1,39903/240.09 miMullards Close, Hackbridge, Surrey, CR42
£1,75003/240.09 miMullards Close, Mitcham2
£1,47508/240.14 miReynolds Close, CARSHALTON2
£1,50003/240.16 miClose to Watercress Park2
£1,20001/250.17 mi-2
£1,95002/250.19 mi-2
£1,65009/240.21 miOtter Drive Carshalton SM52
£1,60003/240.21 miWolseley Road, Mitcham, CR42
£1,60002/240.21 mi-2
£2,40002/250.23 mi-2
£1,60003/240.27 mi-2
£1,60003/240.27 miOakdale Way, Mitcham, CR42
£1,85008/240.34 mi-2
£1,85008/240.34 miClover Way, Wallington, SM62
£1,40011/240.35 mi-2
£1,80004/250.37 mi-2
£1,75012/240.38 mi-2
£2,00011/240.38 mi-2
£1,65009/240.38 miSaxon House, 170 London Road, WALLINGTON2
£1,75009/240.38 miLondon Road, Wallington, SM62
£1,69902/240.39 miLondon Road, Wallington, Surrey. SM62
£1,85009/240.39 mi-2
£1,69404/250.4 mi-2
£1,80009/240.4 miFoxglove Way, Wallington, SM62
£1,70009/240.45 miLondon Road Wallington SM62
£1,85001/250.45 mi-2
£1,60009/240.49 miRossignol Gardens, Carshalton, SM52
£1,60008/240.49 mi-2
£1,60009/240.49 miWinchcombe Road, Carshalton, SM52
£2,09709/240.52 miCrypton House, Thimle Crescent, London, SM62
£1,95012/240.52 mi-2
£2,00011/240.53 mi-2
£1,90012/240.59 mi-2
£1,99903/250.59 mi-2

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £300,000

February 26, 2025

Floor Plans

Description

  • Fantastic first floor flat with a separate kitchen +
  • Brand new windows +
  • Allocated parking +
  • Chain free! +
  • Close to all amenities +
  • Situated between 2 mainline stations as well as 2 primary schools and a nursery +

Nicely presented first floor apartment. The property is being sold with no chain. There is the added benefit of brand new windows having been fitted as well as a separate kitchen and allocated parking. Situated in a quiet development overlooking green space and river walks, whilst being within walking distance of Hackbrige and Mitcham Junction train stations. The number 80 bus goes to Morden (for London underground) and there are also buses to Tooting Broadway.

Room sizes:

  • Entrance Hall
  • Living Room: 18'4 x 14'3 (5.59m x 4.35m)
  • Kitchen: 9'8 x 7'8 (2.95m x 2.34m)
  • Bedroom 1: 12'1 x 9'11 (3.69m x 3.02m)
  • Bedroom 2: 11'2 x 7'2 (3.41m x 2.19m)
  • Bathroom
  • Allocated Parking
  • Communal Gardens  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Wallington

020 3870 4541

Next Steps?

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