3 Bed Terraced House, Refurb/BRRR, Mitcham, CR4 2AF, £525,000

Streatham Road, Mitcham, Surrey, CR4 2AF - 4 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£210.5K - £775K
Sold Prices/m²£2.4K/m² - £10.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£525,000

 

 

End Value (After Refurb)

£555,978

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£49,214

Bridging Loan Interest

£13,781

Total Cash In

£226,695

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£555,978

Mortgage (After Refinance)

£416,984

Mortgage LTV

75%

Cash Released

£23,234

Cash Left In

£203,461

Equity

£138,995

Rent Range

£1,600 - £1,850,430

Rent Estimate

£2,500

Running Costs/mo

£2,257

Cashflow/mo

£243

Cashflow/yr

£2,911

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210.5K to £775K, average is £560K. £2.4K/m² to £10.3K/m², average is £6.2K/m².

PriceDateDistanceAddressBeds 
£655K11/200.07 mi81, Ashbourne Road, Mitcham, Greater London CR4 2BF3
£535K09/210.08 mi13, Woodland Way, Mitcham, Greater London CR4 2DZ3
£542K05/210.11 mi1, Melrose Avenue, Mitcham, Greater London CR4 2EH3
£490K03/210.12 mi31, Caithness Road, Mitcham, Greater London CR4 2EY3
£775K01/210.13 mi33, Garden Avenue, Mitcham, Greater London CR4 2EE3
£700K03/210.14 mi21, Ridge Road, Mitcham, Greater London CR4 2ET3
£470K12/200.14 mi4, Vectis Road, London, Greater London SW17 9RG3
£700K04/230.14 mi36, Vectis Road, London, Greater London SW17 9RG3
£477.5K03/210.17 mi30, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3
£537.5K09/210.17 mi158, Gorringe Park Avenue, Mitcham, Greater London CR4 2DX3
£560K03/210.17 mi151, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£485K03/210.18 mi40, Elmhurst Avenue, Mitcham, Greater London CR4 2HN3
£775K09/230.18 mi33, Vectis Road, London, Greater London SW17 9RF3
£750K01/210.18 mi37, Vectis Road, London, Greater London SW17 9RF3
£775K10/230.18 mi126, Links Road, London, Greater London SW17 9ES3
£710K03/230.18 mi3, Ipswich Road, London, Greater London SW17 9RH3
£530K05/230.19 mi157, Gorringe Park Avenue, Mitcham, Greater London CR4 2DL3
£501K11/200.19 mi34, Stanley Road, Mitcham, Greater London CR4 2BH3
£575K03/210.19 mi38, Stanley Road, Mitcham, Greater London CR4 2BH3
£210.5K08/230.19 mi162, Seely Road, London, Greater London SW17 9QZ3
£550K03/210.2 mi22, Hailsham Road, London, Greater London SW17 9EN3
£536K11/210.2 mi7, Stanley Road, Mitcham, Greater London CR4 2BH3
£500K06/210.2 mi16, St James Road, Mitcham, Greater London CR4 2DA3
£575K12/220.21 mi95, Melrose Avenue, Mitcham, Greater London CR4 2ED3
£560K11/200.21 mi86, Melrose Avenue, Mitcham, Greater London CR4 2EJ3
£510K03/210.22 mi82, Streatham Road, Mitcham, Greater London CR4 2AB3
£550K03/210.22 mi89, Park Avenue, Mitcham, Greater London CR4 2ES3
£670K01/230.23 mi130, Seely Road, London, Greater London SW17 9QY3
£635K06/210.23 mi146, Seely Road, London, Greater London SW17 9QY3
£670K09/210.23 mi20, Thirsk Road, Mitcham, Greater London CR4 2BD3
£542K11/200.25 mi35, Thirsk Road, Mitcham, Greater London CR4 2BL3
£495K06/210.26 mi30, Hill Road, Mitcham, Greater London CR4 2HQ3
£625K12/210.27 mi19, Frinton Road, London, Greater London SW17 9EH3
£530K11/200.27 mi86, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£559K02/210.27 mi96, Gorringe Park Avenue, Mitcham, Greater London CR4 2DJ3
£570K09/220.27 mi34, Hill Road, Mitcham, Greater London CR4 2HQ3
£640K11/200.28 mi79, Links Road, London, Greater London SW17 9EF3
£524K05/210.28 mi26, Framfield Road, Mitcham, Greater London CR4 2AL3
£670K03/230.28 mi36, Rural Way, London, Greater London SW16 6PF3
£680K02/230.29 mi16, Ashbourne Road, Mitcham, Greater London CR4 2BA3
£687K12/220.3 mi87, Edgehill Road, Mitcham, Greater London CR4 2HZ3
£495K05/230.31 mi104, Edgehill Road, Mitcham, Greater London CR4 2HW3
£686K05/230.31 mi203, Fallsbrook Road, London, Greater London SW16 6DY3
£510K01/210.31 mi89, Framfield Road, Mitcham, Greater London CR4 2AW3
£660K02/230.31 mi101, Southcroft Road, London, Greater London SW17 9TN3
£620K03/210.31 mi115, Southcroft Road, London, Greater London SW17 9TN3
£560K01/230.31 mi14, Beclands Road, London, Greater London SW17 9TJ3
£525K06/230.32 mi10, Manship Road, Mitcham, Greater London CR4 2AY3
£710K11/210.33 mi8, Edencourt Road, London, Greater London SW16 6QP3
£710K09/220.33 mi99, Seely Road, London, Greater London SW17 9QP3

Local Rents

50 rents from £1.6K/mo to £1.9M/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,80004/240.1 miStreatham Road Mitcham CR43
£2,20005/240.11 mi-3
£3,25003/240.12 miAshbourne Road, Tooting3
£2,40009/240.12 mi-3
£2,50002/240.12 mi-3
£3,20009/240.13 mi-3
£2,20003/240.16 miEdenvale Road Mitcham CR43
£2,80009/240.18 miLinks Road, London3
£2,40003/240.19 miStanley Road, Tooting3
£2,65009/240.19 mi-3
£2,40003/240.21 miStanley Road, Mitcham, Surrey, CR43
£2,50003/240.22 miAshbourne Road, Mitcham CR43
£2,50003/240.24 mi-3
£2,85003/250.26 mi-3
£3,00005/240.26 miAshbourne Road, Mitcham, CR43
£3,30011/240.27 mi-3
£2,70003/240.27 miSt. James Road, Tooting3
£2,37503/240.28 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.28 miHill Road, Mitcham/ Tooting Borders, CR43
£2,37504/240.28 miHill Road, Mitcham/ Tooting Borders, CR43
£2,30005/240.28 mi-3
£2,70003/240.28 miSt. James Road Mitcham CR43
£2,70003/240.28 miSt. James Road, Mitcham, Surrey, CR4 2DF3
£3,00010/240.28 mi-3
£2,60003/240.3 miEdgehill Road, MITCHAM3
£2,40003/240.3 miFramfield Road, Mitcham, CR43
£2,50004/240.3 miFramfield Road, Mitcham, CR43
£2,50004/240.3 miFramfield Road, Mitcham, CR43
£2,50005/240.3 mi-3
£1,60004/250.3 mi-3
£1,60003/250.3 mi-3
£2,60003/240.31 miEdgehill Road, Mitcham, CR43
£2,25003/240.31 miHeaton Road, Mitcham, Surrey, CR43
£2,70005/240.32 miManship Road, London, CR43
£2,70005/240.32 miManship Road, Mitcham, CR43
£2,70005/240.32 miManship Road3
£2,70005/240.32 miManship Road3
£2,10009/240.34 miBeclands Road London SW173
£2,49502/250.35 mi-3
£2,45004/240.36 miGrenfell Road, Tooting, London, CR43
£2,45009/240.38 miSouthcroft Road, Tooting, SW173
£2,70009/240.39 miLinks Road, Tooting3
£3,50009/240.39 miBoscombe Road, London, SW173
£2,40003/240.39 miGrenfell Road, Mitcham, CR43
£2,30003/240.41 mi-3
£2,55009/240.41 miSeely Road London SW173
£2,10010/240.43 mi-3
£1,850,43010/230.44 miFernlea Road, Mitcham3
£2,10005/240.44 miEdgehill Road, Mitcham3
£2,50009/240.44 miSeely Road, London, SW173

Local Area Statistics

Population in CR4

58,286

Town centre distance

1.17 miles away

Nearest school

0.20 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 £525,000

August 29, 2024

Floor Plans

Description

  • Three large bedrooms +
  • No Chain +
  • Searches available upfront +
  • Spacious back garden +
  • Close to Tooting train station +
  • Proximity to shops, parks, and good schools +
  • Ample scope for modernisation +

Introducing 160 Streatham Road, nestled in the heart of the dynamic and family-friendly suburb of Mitcham. This 3-bedroom property offers an enticing opportunity, amidst a wealth of local amenities and a rich historical fabric waiting to be discovered.

The property comprises 3 generously sized bedrooms, a bathroom, and two reception rooms, offering potential for an inviting family home with your personal touch. While the property is in need of modernisation, the scope for transformation is expansive. This property boasts double glazed windows and Gas Central heating, along with a sizable garden providing an excellent open space, subject to your vision of landscaping and rejuvenation.

Situated just a stone's throw away from the vast green plains of Figges Marsh Park, and walking distance to shops including Lidl and Sainsbury's, the property beautifully marries urban convenience with a dash of nature. A wealth of delightful eateries and cosy pubs populate the area, catered to satiate your culinary curiosity. The local area also holds good schools within its vicinity. Health care needs are readily met by the Mitcham Health Centre nearby, lending to the overall appeal for families.

When it comes to transportation, Tooting Train Station is but a short walk away, ensuring ease of commute. This property is located approximately 9 miles from the city centre, which takes about 37 minutes via A23. Brighton is just around 47 miles away, approximately a 1 hour and 37 minutes drive via A23. The A23 as the nearest motorway ensures swift travel in and out of the city, while London Gatwick Airport, about 20 miles away, caters to broader travel needs.

Key Features of the Property include:
- Three large bedrooms
- Garage
- No Chain
- Searches available upfront
- Spacious back garden
- Close to Tooting train station
- Proximity to shops, parks, and good schools
- Ample scope for modernisation

Making an offer through us:
We already have the title plan, register, and searches. Request details to see the information. Having these documents upfront will save time and stress when you have had an offer accepted.

Agent Details

Sail Homes, Redcliffe

0117 463 2100

Next Steps?

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