Miles Road, Mitcham, Greater London, CR4
- PROPERTY TYPE
End of Terrace
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Buy-to-let property investment
- Being used as a small HMO property with three tenants in situ
- Annual rental income of £38,400
- Gross yield of 6.4%
- Modern property with minimal maintenance costs
- Popular residential location
Description
* Property Type: End terraced house, Freehold
* Bedrooms: 4
* Bathrooms: 3
* Parking: Two allocated off street spaces
* Gardens: Front and rear
* Current Use: Small HMO occupied by three tenants (no licence needed)
* Condition: Good
* Service Charge: Approx. £500/year
Sale Price: £600,000 (expected)
Gross Rental Income: £3,200 pcm = £38,400 pa
Occupancy Rate: 100%
No arrears, no planned vacancies
Investment Returns
Gross Yield: 6.4% gross yield
Net Yield: 6.3%
This places the property well above the average rental yield in Mitcham (5.1%) and CR4 at 5.8%. London's average in 2025 is around 4.3% with many outer-zone averages around 4.5-5.7% .
Property Features & Benefits
Accommodation
* 4 bedrooms, 3 bathrooms, ideal for shared living
* Fully tenanted with stable incomes.
Location
* Situated in CR4 (Mitcham) with transport links via Mitcham Eastfields station, Mitcham Junction and tram connections
* Close to Mitcham Common, shops, schools, and green spaces
Financial Advantages
* Off-street parking is rare
* No managing agent fees, reducing overhead
* Good condition: minimal maintenance costs needed
Highlights
* Attractive freehold end terrace with garden and parking
* Well configured 4-bed, 3-bath HMO bringing £3,200 pcm
* Freehold, good condition, no major works required
* Investment yield: ~6.4% gross / ~5.8% net
* Capital appreciation potential in line with CR4 historical growth
* Attractive to buy to let investors, especially for small HMO use
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Miles Road, Mitcham, Greater London, CR4
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Visit our security centre to find out moreDisclaimer - Property reference Miles-Road-Mitcham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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