2-bedroom flat · CR4 3RH
For saleReduced £15k (−5.4%) on 22 OctListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well proportioned two bedroom ground floor flat with no onward chain, conveniently situated in a popular purpose built development close to transport links, schools and amenities.
The property provides bright, well planned accommodation with good scope to modernise and update - ideal for homeowner or investor alike.
Features include a generous reception room, separate kitchen, electric heating, double glazing, and wood effect flooring. It is understood that the lease on the property will be extended for the sale.
Accommodation comprises entrance hall leading into the reception room with space for relaxing and dining.
The separate kitchen comprises a range of matching white fronted wall and base units with work surfaces incorporating inset sink unit, electric hob with overhead extractor and electric oven below, and further space for appliances.
There are two well sized bedrooms, plus a family bathroom.
The property is conveniently located within easy access of Tooting and Mitcham Eastfields stations, with underground services from Colliers Wood just a short distance away.
Numerous regular bus routes also offer good connections to the surrounding area.
There are a variety of local shops and amenities nearby, with Mitcham and Colliers Wood providing a larger selection as well as restaurants and bars.
The area is also well served by excellent local schools as well as the pleasant open spaces of neighbouring Lavender Park.
** To book a Viewing it's simple, just visit the Purplebricks website or download our App. Hit the viewing request button 24 hours a day.
Viewings can also be booked and confirmed instantly 24/7, just click on the full details, click on the Brochure Tab at the bottom of this Advert, and hit the viewing button ** Property Ownership Information Tenure Leasehold Council Tax Band C Annual Ground Rent £1,200.00 Ground Rent Review Period Every 1 year Annual Service Charge £1,250.00 Service Charge Review Period Every 1 year Lease End Date 01/01/2090 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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.
Area
Agent & docs
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FAQ
About 134, Heathfield Drive, Mitcham
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