3-bedroom flat · CR4 2NA
Listing removedListed 435 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented three bedroom ground floor flat with private patio area, parking and long lease, ideally situated close to Mitcham Eastfields station, schools and amenities.
The property offers bright, well planned accommodation with modern interiors throughout - ideal for homeowner or investor alike in this very convenient location.
Features include an inviting reception room, separate well equipped kitchen, modern metro-tiled bathroom, gas central heating, double glazing and quality floor coverings.
Accommodation comprises entrance hall with inbuilt storage, leading into the reception room with ample space for relaxing and dining, and direct access onto the private patio area.
The separate kitchen comprises a modern range of matching wall and base units with work surfaces incorporating inset sink unit, hob with overhead extractor and gas oven below, and further space for appliances.
There are three well sized bedrooms, plus a family bathroom with white three piece suite and tiled walls, and matching separate W.C.
The property is conveniently located within easy access of Mitcham, Streatham and Tooting, with railway services from Mitcham Eastfields just a short distance away offering easy commuting and leisure travel into Central London.
Numerous regular bus routes also offer good connections to the surrounding area. There are a variety of local shops and amenities nearby including a newly-opened Puregym.
For a wider selection of shops as well as restaurants and bars and access to the Northern Line, Tooting and Colliers Wood are within easy reach.
To book a viewing instantly just visit our website or download our award-winning App. Lease Information We understand the lease on the property is 215 years from 25 March 1985.
All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Service Charges We understand the service charge on the property is £1,459.42 per annum - circa £121.50 per month.
All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Property Ownership Information Tenure Leasehold Council Tax Band B Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £1,459.42 Service Charge Review Period Every 1 year Lease End Date 24/03/2200 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.
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
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FAQ
About Flat 2/Laburnum Court, Laburnum Road, Mitcham
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