Park Avenue, Mitcham, CR4

Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: N/A

Key Features: • Third Floor Flat • Achieving £1,430PCM • Projected 7%+ Yield • Low-Maintenance Investment • Strong Rental Demand • Transport & Employment Links Nearby • Income From Day One

Location: • Nearest Station: Streatham Common Station • Distance to Station: 0.5586642844451957 miles

Agent Information: • Address: Office 36, 792 Wilmslow Road, Manchester, M20 6UG

Full Description: A ready-made investment opportunity located at Park Avenue, Mitcham, CR4, within a consistently strong rental area of South West London, currently generating £1,430 PCM from reliable long-term tenants with no arrears history.<br /><br />Priced below market value due to seller motivation, the property offers investors immediate equity alongside an attractive yield potential. Comparable two-bedroom apartments in the surrounding Mitcham area are achieving approximately £1,650–£1,800 PCM, supporting further rental growth and future income upside. Estimates for similar-sized flats around the postcode indicate rents of around £1,700 PCM.<br /><br />The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any portfolio. Conveniently positioned within London Zone 3 and close to Mitcham Eastfields Station, the area benefits from strong tenant demand driven by excellent transport links and accessibility into Central London.<br /><br />This is an opportunity to secure a tenanted asset in an established residential location with both immediate income and clear long-term growth potential.<br /><br />Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.<br /> <br />Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.<br /> <br />All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.