3-bedroom flat · CR4 2JU
Sold STCReduced £25k (−7.7%) on 9 SepListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain free, this larger-than-average three-bedroom purpose-built flat has been tastefully refurbished & redecorated enjoying new laminate wood flooring, fitted blinds and a full electrical upgrade, making it move in ready!
A well-maintained lift provides easy access to the second floor, where the flat enjoys an enviable position with just one adjoining neighbour.
Stepping inside, you are welcomed by a spacious entrance hall featuring a practical alcove for coats and shoes, together with a generous storage cupboard.
All three bedrooms are beautifully presented, comprising two spacious doubles and a well-proportioned single, each enjoying large windows, contemporary laminate flooring and fresh neutral décor.
The bright and airy lounge/diner is an excellent space for both relaxing and entertaining, with expansive windows and patio doors opening onto a charming Juliette balcony that fills the room with natural light.
The fitted kitchen is well-equipped with an oven, hob, double-door fridge freezer, washer/dryer and an excellent range of wall and base units, providing ample storage and workspace.
Completing the accommodation is a neat shower room and a separate W/C for added convenience.
Residents further benefit from unallocated parking to the rear of the development as well as a lockable storage shed. The location is another standout feature.
Elm Court is ideally situated within easy reach of regular bus services to Tooting, Sutton and Croydon, with Mitcham Eastfield's railway station approximately 10 minutes' walk, offering excellent transport links into Central London.
Mitcham town centre is also just a short distance away, providing an excellent selection of shops, amenities and additional bus routes.
Additional information: Ground Rent: £10 p/a Service Charge: £1431.16 Lease: 103 years
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 33, Elm Court, Armfield Crescent, Mitcham
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