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See how verdicts work2-bedroom flat · CR4 1SA
Listing removedListed 15 daysAuction 1 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction 29th October 2026 at 12:00 £190,000 plus long leasehold residential investment - two bedroom first floor flat producing £19,800 P.A.
Location & Description A tenanted two bedroom first floor apartment situated in a three storey purpose built block on Grove Road in Mitcham.
Located within approximately 0.3 of a mile to Mitcham Eastfields Railway Station, which gives you access to London Victoria, St Albans, Dorking and Sutton.
Also, located within a few minutes walk to the green and open space of Mitcham Common.
Accommodation Whilst Strettons have not internally inspected the property, we understand that it comprises: First Floor Flat: - Open plan living room and kitchen, two bedrooms and bathroom with toilet.
Tenure Leasehold - A term of 125 years from 01/07/1990 (approximately 88 years unexpired). Note Please note images have been supplied by the vendor.
Auction Surveyor: Michael Mercer Let on an Assured Periodic Tenancy Agreement from 29th August 2026 at £1,650 pcm. EPC Rating C
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
Area
Agent & docs
FAQ
About 50, Grove Road, Mitcham
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