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For saleReduced 8 Oct 2026
£198,000

Peony Drive, Mitcham Junction, Mitcham, CR4 4FP

2bedrooms
Apartmenttype
Leaseholdtenure

Listed 16 Jul 2026 · price reduced 8 Oct 2026 · Sutton

How the price compares

This home£198,000
Median 2 bed in CR4£325k40 homes listed · £466 per sq ft
Difference-39%below the area median

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

Floorplan

Location

Skip map

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.

AddressTypeSoldPrice
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

Monthly repayment£990£19,800 deposit · £178,200 loan
Stamp Duty£1,460England 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 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.

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