Affordable Mitcham flat for cash buyers near schools and transport.
Two double bedrooms with spacious reception room
This ground-floor two-double-bedroom apartment on Heathfield Drive offers an affordable entry into Mitcham with immediate rental or DIY-upgrade potential. The layout includes a spacious reception room, separate fitted kitchen and a private off-street parking space — practical assets for lettings or resale.
Important cons are clear: the lease has 64 years remaining and lenders may refuse mortgages, so it is offered to cash buyers only. Ground rent is high at £1,700 pa; purchasers should factor lease-extension costs and potential lender requirements into any offer.
The property is compact (495 sq ft) and heated by electric room heaters, so there is scope to modernise heating and improve energy performance. Broadband speeds are reported slow — a consideration for tenants or buyers who work from home. Nearby schools, shops and transport links make the location convenient for commuters.
Overall this is a straightforward purchase for a cash buyer or investor prepared to manage lease and service-cost issues. With cosmetic updating and a lease strategy, the flat could achieve stronger rental income or resale value in this established South London neighbourhood.
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