1-bedroom flat · CR4 4BE
For saleReduced £30k (−15.8%) on 28 JulListed 221 daysAuction 3 Nov · in 10 days
Opportunity summary
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About
Summary A spacious one bedroom third-floor flat on London Road, Mitcham, offering a bright open-plan kitchen and reception/dining area, double bedroom and bathroom.
Well located for local shops, amenities and transport links, making it an ideal first-time purchase or investment.
Description Situated on London Road in Mitcham, this spacious third-floor one bedroom flat offers bright and well-proportioned accommodation, ideal for first-time buyers or investors alike.
The property benefits from a generous layout with an open-plan kitchen and reception/dining area, creating a sociable space that is perfect for both relaxing and entertaining.
The flat comprises a well-sized double bedroom, a modern bathroom, and a spacious open-plan living area with a fitted kitchen and dining space.
The overall layout allows for plenty of natural light and provides comfortable living throughout.
Located in a convenient position on London Road, the property enjoys easy access to a variety of local shops, cafés and everyday amenities within Mitcham.
The area is well connected with nearby bus routes and transport links, while Mitcham Eastfields and Mitcham Junction stations provide services into London Victoria, London Blackfriars, Wimbledon and surrounding areas, making it ideal for commuters.
Mitcham itself is a popular South London suburb known for its strong sense of community and access to green spaces such as Mitcham Common, offering over 460 acres of open parkland.
With a good lease remaining and generous internal space, this property presents a fantastic opportunity for buyers looking to step onto the property ladder or add to their investment portfolio.
Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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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
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.
Area
Agent & docs
FAQ
About Flat 24, 341a, London Road, Mitcham
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