Peony Drive, Mitcham Junction, Mitcham, CR4 4FP
Listed 16 Jul 2026 · price reduced 8 Oct 2026 · Sutton
How the price compares
Key features
- Price for 60% share: £198,000
- Full market value: £330,000
- Rent on remaining 40%: £453.84 pcm
- Service charge: £155.15 pcm
- Ground rent: £100 per year (approx. £8.33 pcm)
- Lease remaining: Approx. 119 years
- Allocated Parking
- Lease 119 Years Remaining
About this home
£198,000= 60% Share | £330,000 full value | rent £453.84 pcm | Service Charge £155.15 pcm | 753 sq ft
An exceptional opportunity to purchase a 60% share of this beautifully presented two-bedroom top-floor apartment, offering an affordable route onto the property ladder without compromising on space or style.
Situated within the modern and well-maintained Montbretia House development, this spacious apartment features a bright and airy open-plan living, dining and kitchen area, ideal for both everyday living and entertaining. There are two generously sized double bedrooms, a contemporary three-piece bathroom suite, a welcoming entrance hallway, and excellent storage throughout. The property also benefits from a private balcony and an allocated parking space. Nestled within a peaceful residential cul-de-sac overlooking the picturesque River Wandle, the property enjoys a tranquil setting while remaining exceptionally well connected. Both Mitcham Junction and Hackbridge stations are within easy reach, providing direct services to London Victoria, Blackfriars, and St Pancras, making it an ideal choice for commuters.
Families will appreciate the excellent local amenities, including a selection of highly regarded Ofsted-rated 'Good' schools such as Culvers House Primary School and Hackbridge Primary School.
Combining modern living, generous accommodation, and an enviable location, this is a fantastic opportunity for first-time buyers looking to secure a stylish home through shared ownership. Early viewing is highly recommended.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of our appointed compliance provider, Simplify, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a charge of £99 including VAT for this (for the transaction not per person), payable direct to Simplify.
REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Goodfellows.
GMI260381/2
Property details
- Property type
- Apartment
- Council tax band
- B
- Tenure
- Leasehold
- Lease remaining
- 118 years left
- Ground rent
- £100 per year (Ask agent about the review period)
- Service charge
- £1,861 per year
- Parking
- Yes
Floorplan
Location
Arrow keys move the map, Shift with an arrow moves it further, plus and minus zoom, Home returns to the first view.
1 on this map
- Mitcham Junction Station0.5 mi
- Hackbridge Station0.7 mi
- Mitcham Tram Stop0.8 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.
| Address | Type | Sold | Price |
|---|---|---|---|
| 11 Peony Drive Mitcham CR4 4FT | Terraced Freehold | 31 Mar 2025 | £600,000 |
| Flat 22, Montbretia House, 2, Peony Drive Mitcham CR4 4FP | Flat Leasehold | 18 Dec 2024 | £104,400 |
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
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 Goodfellows, Mitcham on Rightmove (original listing). First listed 16 Jul 2026; details checked 7 Nov 2026. Latest change: reduced on 08/10/2026.
Agent disclaimer
Disclaimer - Property reference GMI260381. 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 Goodfellows, Mitcham. 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.















