1-bedroom flat · CR4 3EJ
For saleListed 1276 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold for £136,500.
Guide Price = £70,000+ **For Sale By Public Auction 19th April 2023 09:00 AM To inspect the legal documents for this property go to our website to download the legal pack** A Second Floor One Bedroom Flat Let Producing £10,800 Per Annum Tenure Leasehold.
The property is held on a 125 year lease from 25th December 1984 (thus approximately 86 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Mitcham Common are within easy reach. Transport links are provided by Colliers Wood underground station (Northern line) and Mitcham Junction rail station.
Description The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and four upper floors.
Accommodation Second Floor Reception Room Kitchen Bedroom Bathroom/WC Separate WC Exterior The block benefits from communal gardens.
Tenancy The property is subject to a Tenancy for a term of 12 months commencing 28th October 2020 at a rent of £900 per calendar month.
Viewing Appointments to be Confirmed Addendum The annual rent is £10,800 per annum and not as previously stated within the particulars.
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 Flat 39 Gladstone House, Sadler Close, Mitcham, Surrey, CR4 3EJ
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