2-bedroom flat · SW17 9DE
For saleReduced £12.5k (−6.3%) on 12 AugListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership Full Market Value: £400,000 Share Value (50%): £200,000 Monthly Rent: £508.15 Service Charge: £217.58 Ground Rent: £200.00 pa Council Tax Band: D 125 year lease commenced July 2003 - 103 years remaining EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property.
However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This spacious two bedroom apartment consists of an open plan living area with a semi-separate kitchen, which leads leads to private patio balcony.
The kitchen is fitted with beech wall and base units and grey worktops and has an integrated oven, hob and extractor fan.
There are two double bedrooms, the larger master having benefit of fitted storage. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround.
Additional storage is provided in two hallway cupboards. This property benefits from a sinking fund.
A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Tooting Broadway is less than 10 minute's walk away offering a range of high street stores.
Sainsbury's local is directly across the road from the development and there is a large Sainsbury's at Tooting Broadway station.
If you like to keep fit, there is a fully equipped gym directly opposite the property. There is also a Post Office, corner shop, and public houses within half a mile of the development.
Taking the Northern Line, it's just about 4 minutes to Balham and about six minutes to Wimbledon.
Take the bus and underground to Morden; the journey is approximately 22 minutes while traveling to Oxford Circus from Tooting Broadway on the tubes takes approximately 25 minutes.
If you want to get to London Bridge from Tooting Station, it's approximately 36 minutes by bus and train and the journey time to London Waterloo is around 30 minutes by rail.
The area is served by several bus routes that travel to a wide variety of destinations including Streatham, Putney, Waterloo, and Brixton.
The buyer will require a deposit to obtain a mortgage for this property. To meet the requirements for this property we require as a guideline, a minimum household income of £63,479.
If you are offered the home, your ability to afford this property will be assessed at your financial interview.
Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes.
If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract.
The descriptions and all other information are believed to be correct as of March 2026.
Local Area Information Tooting Broadway is less than 10 minute's walk away offering a range of high street stores.
Sainsbury's local is directly across the road from the development and there is a large Sainsbury's at Tooting Broadway station.
If you like to keep fit, there is a fully equipped gym directly opposite the property. There is also a Post Office, corner shop, and public houses within half a mile of the development.
Taking the Northern Line, it's just about 4 minutes to Balham and about six minutes to Wimbledon.
Take the bus and underground to Morden; the journey is approximately 22 minutes while traveling to Oxford Circus from Tooting Broadway on the tubes takes approximately 25 minutes.
If you want to get to London Bridge from Tooting Station, it's approximately 36 minutes by bus and train and the journey time to London Waterloo is around 30 minutes by rail.
The area is served by several bus routes that travel to a wide variety of destinations including Streatham, Putney, Waterloo, and Brixton.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 advisors 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 215 Mitcham Rd, Tooting
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