2 Bed Flat, Single Let, Mitcham, CR4 2JD, £300,000

London Road, Mitcham, CR4 2JD - 2 views - 23 days ago

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

ValuationUndervalued

Sold Prices£170K - £483K
Sold Prices/m²£4K/m² - £8.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£369,000
BMV23%

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

£900 - £3,600

Rent Estimate

£1,450

Running Costs/mo

£1,248

Cashflow/mo

£203

Cashflow/yr

£2,430

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £170K to £483K, average is £295.9K. £4K/m² to £8.8K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£215K06/230.11 miFlat 23, Fair Green Court, London Road, Mitcham, Greater London CR4 3NA2
£255K06/210.2 miFlat 197, Glebe Court, London Road, Mitcham, Greater London CR4 3NY2
£290K06/230.23 mi102a, Love Lane, Mitcham, Greater London CR4 3AJ2
£250K11/200.24 miFlat 99, Glebe Court, London Road, Mitcham, Greater London CR4 3NG2
£407.5K06/210.26 mi18a, Mortimer Road, Mitcham, Greater London CR4 3HS2
£238K05/210.27 miFlat 126, Glebe Court, London Road, Mitcham, Greater London CR4 3NJ2
£250K11/200.28 mi5, Kennedy Close, Mitcham, Greater London CR4 2AR2
£286K03/230.29 mi15, Heyford Road, Mitcham, Greater London CR4 3EW2
£255K01/210.3 mi24, Kingsleigh Place, Mitcham, Greater London CR4 4NT2
£260K02/210.31 mi28, Kingsleigh Place, Mitcham, Greater London CR4 4NU2
£200K04/230.32 miFlat 36, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£267.5K11/210.33 miFlat 6, Penfold Court, Laburnum Road, Mitcham, Greater London CR4 2NB2
£432.5K03/210.36 mi70a, Graham Avenue, Mitcham, Greater London CR4 2HG2
£415K02/210.37 mi31, Graham Avenue, Mitcham, Greater London CR4 2HJ2
£282K11/210.39 mi20, Lulworth Crescent, Mitcham, Greater London CR4 3RB2
£284K04/230.39 mi39, Gilpin Close, Mitcham, Greater London CR4 3QR2
£296.8K06/230.39 mi35, Gilpin Close, Mitcham, Greater London CR4 3QR2
£350K04/210.39 mi34, Lewis Road, Mitcham, Greater London CR4 3DE2
£282.5K11/200.4 mi184, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£310K11/220.4 mi192, Lowry Crescent, Mitcham, Greater London CR4 3QW2
£281.5K10/210.41 mi71, Lowry Crescent, Mitcham, Greater London CR4 3NX2
£260K05/210.43 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£260K05/210.43 mi114, Lowry Crescent, Mitcham, Greater London CR4 3QU2
£287K03/210.56 mi25, Imperial Gardens, Mitcham, Greater London CR4 1ER2
£295K12/220.59 mi36, Cameron Square, Mitcham, Greater London CR4 3SH2
£277K03/210.63 miFlat 33, Fenning Court, London Road, Mitcham, Greater London CR4 4ER2
£330K05/210.65 mi4a, St Georges Road, Mitcham, Greater London CR4 1EB2
£220K12/210.67 miFlat 16, Gedge Court, London Road, Mitcham, Greater London CR4 4EQ2
£311K12/200.69 mi8, Fairfield Close, Mitcham, Greater London CR4 3RE2
£400K11/200.75 mi48, Gorringe Park Avenue, Mitcham, Greater London CR4 2DG2
£466K12/220.75 mi48, Gorringe Park Avenue, Mitcham, Greater London CR4 2DG2
£395K06/230.76 mi104, Tynemouth Road, Mitcham, Greater London CR4 2BP2
£385K12/220.76 mi55, Elmhurst Avenue, Mitcham, Greater London CR4 2HP2
£240K05/210.76 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£240K05/210.76 mi271, Tamworth Lane, Mitcham, Greater London CR4 1DD2
£385K10/200.77 mi73, Tynemouth Road, Mitcham, Greater London CR4 2BR2
£483K11/200.79 mi77, Fortescue Road, London, Greater London SW19 2EA2
£375K02/230.79 mi17, Barnfield Avenue, Mitcham, Greater London CR4 1DN2
£475K11/200.79 mi11a, Clarendon Road, London, Greater London SW19 2DX2
£410K06/210.8 mi18a, Heaton Road, Mitcham, Greater London CR4 2BU2
£355K11/230.81 mi58, Liberty Avenue, London, Greater London SW19 2QR2
£440K03/210.81 mi5a, Bruce Road, Mitcham, Greater London CR4 2BJ2
£329K10/200.81 mi27, Eldertree Way, Mitcham, Greater London CR4 1AJ2
£300K05/210.81 mi45, Eldertree Way, Mitcham, Greater London CR4 1AJ2
£267K07/210.81 mi38a, Inglemere Road, Mitcham, Greater London CR4 2BT2
£320K09/210.81 mi59, Woodstock Way, Mitcham, Greater London CR4 1BF2
£420K11/200.82 mi1, Tynemouth Road, Mitcham, Greater London CR4 2BQ2
£450K04/230.83 mi50, Runnymede, London, Greater London SW19 2PQ2
£350K11/230.83 mi56, Runnymede, London, Greater London SW19 2PQ2
£170K11/210.84 mi22, Deer Park Gardens, Mitcham, Greater London CR4 4DY2

Local Rents

50 rents from £900/mo to £3.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75004/240.18 mi-2
£1,35002/240.26 mi-2
£1,70003/240.26 miEveline Road Mitcham CR42
£1,70004/240.26 miEveline Road Mitcham CR42
£1,70004/240.26 miEveline Road, Mitcham2
£1,75003/240.28 miProctor Close, Mitcham, CR42
£1,65003/240.28 mi-2
£1,65003/250.28 mi-2
£1,80003/250.28 mi-2
£1,79712/240.29 mi-2
£1,79712/240.29 mi-2
£1,30003/240.29 miKingsleigh Place, Mitcham, Surrey, CR42
£1,80004/240.29 miKingsleigh Place, Mitcham, Surrey, CR42
£1,95004/240.3 mi159 Commonside East Mitcham CR42
£2,00005/240.3 mi159 Commonside East Mitcham CR42
£1,95005/240.3 mi159 Commonside East Mitcham CR42
£2,00005/240.3 mi159 Commonside East Mitcham CR42
£2,00005/240.3 mi159 Commonside East Mitcham CR42
£1,70005/240.34 mi-2
£1,70004/240.34 miAusten Court, Mitcham, CR42
£1,65004/240.34 miAusten Court, Brickfield Road, Mitcham, CR42
£1,78503/250.36 mi-2
£1,60005/240.4 mi-2
£1,75002/250.4 mi-2
£1,60004/240.4 miTiptaft House, Mitcham, CR42
£1,60005/240.4 miTiptaft House, Mitcham, CR42
£1,60003/240.41 miLowry Crescent, Colliers Wood Borders2
£1,62503/250.42 mi-2
£1,70003/250.42 mi-2
£3,30002/240.43 mi-2
£3,30005/240.43 mi-2
£1,85005/240.43 miLavender Avenue, Mitcham2
£3,60003/240.44 miLondon Road, Mitcham2
£1,80012/240.44 mi-2
£1,95004/240.44 miAcacia Road, Mitcham, CR42
£3,60003/240.44 miLondon Road, Mitcham, Surrey, CR42
£1,85003/250.45 mi-2
£1,70003/240.46 mi-2
£1,60003/240.46 miSummerhill Way, MITCHAM2
£1,65003/240.46 miSummerhill Way Mitcham CR42
£90012/240.49 mi-2
£1,70003/240.49 miVerona House, Mitcham, CR42
£1,70004/240.49 mi-2
£1,80001/250.49 mi-2
£1,45003/240.5 miPearson Way -Mitcham - 2 bedroom - Balcony2
£1,45005/240.5 mi2 bedroom apartment - Slade Way - Mitcham - CR4 2GB2
£1,85005/240.5 mi-2
£2,00005/240.5 miJupiter House, Mitcham, CR42
£2,00005/240.5 mi-2
£1,65003/240.52 miSlade Way, Mitcham, CR42

Local Area Statistics

Population in CR4

58,286

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 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

March 12, 2025

Floor Plans

Description

  • Two Bedroom Apartment +
  • Separate Kitchen +
  • Reception Room +
  • Good Ample Storage +
  • EPC C +
  • Council Tax C +
  • Service Charges £2089.00 +
  • Ground Rent £30.00 PA +
  • Leasehold 166 Years on Completion +

Andrews Property Group are delighted to welcome to market this chain free two-bedroom purpose-built apartment located in the heart of Mitcham Town centre. Accommodation briefly comprises A seperate kitchen, reception room, family bathroom and two well-proportioned bedrooms.

Located within 0.4 Miles of Mitcham Eastfields Station with services to London and surrounding areas.

As this is a leasehold property you are likely to be responsible for management charges and ground rent. You may also incur fees for items such as leasehold packs and in addition you will also need to check the remaining length of the lease. You must therefore consult with your legal representatives on these matters at the earliest opportunity before making a decision to purchase.

Agent Details

Andrews Estate Agents, Mitcham

020 3856 3994

Next Steps?

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