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Front of Building
For saleReduced 13 Oct 2026
£240,000Offers over

Albury Court, Phipp's Bridge Road, Mitcham, CR4 3PX

3bedrooms
2bathrooms
Maisonettetype
Leaseholdtenure

Listed 4 Jun 2026 · price reduced 13 Oct 2026 · Merton

How the price compares

This home£240,000
Median 3 bed in CR4£475k46 homes listed · £449 per sq ft
Difference-49%below the area median

Key features

  • Vacant or Tenanted
  • 8% NET Yield
  • Three Bedrooms – Ideal for Sharers
  • Combined GR & Service Charge £84pm
  • Links to London via Mitcham Eastfields
  • Proven Letting Demand in Block
  • 101 Lease

About this home

A ready-made investment opportunity located within a consistently strong rental area of Mitcham, currently generating £1,850 PCM from reliable long-term tenants with no arrears history.

Located on Phipp’s Bridge Road, CR4, the property benefits from a well-established residential setting within the London Borough of Merton, an area that continues to see strong tenant demand due to its relative affordability compared to wider South West London and its excellent commuter links.

Comparable rental properties within the surrounding CR4 postcode are currently achieving between £1,600–£2,200 PCM depending on size, condition and layout, highlighting clear potential for rental uplift and long-term income growth.

The property benefits from a low-maintenance setup, making it an attractive hands-off investment opportunity within a proven and consistently active London rental market.

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.

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.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.

Property details

Property type
Maisonette
Tenure
Leasehold
Lease remaining
101 years left

Floorplan

Floorplan

Location

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  • Phipps Bridge Tram Stop0.2 mi
  • Belgrave Walk Tram Stop0.4 mi
  • Morden Road Tram Stop0.5 mi

What nearby homes sold for

Median sold prices in CR4 over the last 12 months: terraced £490k · flat £288k · semi-detached £510k · detached £577k.

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in CR4

Buying costs

Monthly repayment£1,201£24,000 deposit · £216,000 loan
Stamp Duty£2,300England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by House Sales Direct, Cheadle on Rightmove (original listing). First listed 4 Jun 2026; details checked 7 Nov 2026. Latest change: reduced on 13/10/2026.

Agent disclaimer

Disclaimer - Property reference 247670. 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 House Sales Direct, Cheadle. 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.

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