Flat B, 266, Mitcham Road, TOOTING, London, SW17 9NT

Description

Long leasehold second floor self-contained flat. Accommodation: Second floor: Two bedrooms, open plan reception room/kitchen, bathroom/WC, hall First floor: Entrance Gross Internal Area GIA: Approximately 65 sq m (703 sq ft)

Location

The property is situated on Mitcham Road between its junctions with Renmuir Street and Longley Road. Public transport links include Tooting Railway Station together with a network of local bus services serving the surrounding vicinity. Road links include the A217 Mitcham Road and the A24. Shopping amenities can be found locally on Mitcham Road with a more extensive range of shops, bars and restaurants found at Tooting Broadway to the south. Recreational pursuits can be found locally at the open spaces of Tooting Bec Common, Figges Marsh and Wandle Meadow Nature Park.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£15,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £12,150 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆