We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CR4 1GD
For saleReduced £25k (−7.1%) on 5 OctListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful and exceptionally presented two-bedroom apartment set within a modern residential development built in 2013, a stone's throw away from the picturesque Mitcham Commons and Mitcham Eastfields Train Station, which offers excellent transport links into central London in approximately 21 minutes.
The property comprises two generous double bedrooms, including a principal en-suite and a modern family bathroom.
The heart of the home is the spacious open-plan reception area, seamlessly combining living, dining, and a contemporary fitted kitchen fully equipped with integrated appliances, ideal for both entertaining and everyday living.
Floor to ceiling glass doors open onto a spacious private balcony.
A standout feature is the impressive bay-style floor-to-ceiling window, creating an elegant seating area and true sun trap, flooding the living space with light throughout the day and enhancing the overall sense of openness.
This property is presented in good condition throughout and offers a real sense of style, space, and natural light.
Practicality and space are equally well considered, with a spacious walk-in utility room offering excellent storage and dedicated space for laundry and household essentials - a much-valued feature in modern apartments.
Further benefits include a utility cupboard in the hallway which houses the washing machine and provides additional storage, a lease with 91 years remaining, private secure parking bay with a dedicated security bollard, along with a spacious secure bike storage unit featuring locked access and a fixed anchor rail for safely securing bicycles or providing additional storage.
The property also benefits from a Nest heating system and Hyperoptic broadband connectivity. Ideally located, Verona House sits just a short 5 -minute walk from Mitcham Eastfields Station.
Residents benefit from excellent transport connections, with direct services to London Victoria and London Bridge in approximately 21 minutes, Clapham Junction in 13 minutes, and St Pancras International in around 35 minutes.
The property is also within easy reach of schools, local amenities, and the open landscapes of Mitcham Common important note to potential purchasers & tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required.
Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Buyers information To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of our appointed compliance provider, Simplify, who will contact you directly at an agreed time to do this.
They will need the full name, date of birth and current address of all buyers. There is a charge of £99 including VAT for this (for the transaction not per person), payable direct to Simplify.
Referral fees We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Goodfellows. GMI260519/2
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Flat 40, Verona House,, Aventine Avenue, Mitcham
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