1-bedroom flat · CR4 3SA
Sold STCReduced £10k (−4.1%) on 21 JunListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Wilkins Close in the heart of Mitcham. Spanning an efficient 348 square feet, this delightful property is perfect for first-time buyers or those seeking a low-maintenance living space.
Built circa1990, the flat is in good condition, ensuring a comfortable and inviting atmosphere.
With no chain involved, you can enjoy a smooth and hassle-free purchase process, allowing you to settle in without delay.
Additionally, the long lease adds to the appeal, providing peace of mind for years to come. Boasting one double bedroom, open plan kitchen living area and modern bathroom and allocated parking.
Leasehold: 164 Years Ground Rent: Peppercorn Service Charge: £180 per month Merton Council Band: B EPC Rating: C
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
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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 18 Heron Court, 18, Wilkins Close, Mitcham
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