yieldit are delighted to offer to the market this ready made buy-to-let investment, already tenanted and yielding above 6% NET, with a leasehold length in excess of 900 years. The first-floor apartment compromises entrance hallway, living room, two bedrooms, fully fitted modern kitchen and bathroom with shower cubicle. The property also benefits from an off-street parking space.

Monarch Parade is ideally positioned on the high street in the heart of Mitcham, meaning it’s within walking distance of a fantastic range of amenities, an array of shops, supermarkets and eateries. The location appeals to a wide demographic being within close proximity of upper and lower schooling making it very popular with families who still wish to be close to the City.

Mitcham is a leafy South London suburb with lots of open green spaces, such as the beautiful Mitcham Common which is less than a 20 minute walk from the property. Mitcham sits just three miles south-east of Wimbledon and has two train stations, Mitcham Eastfields and Mitcham Junction, meaning London can be reached in as little as 20-30 minutes. The area is well served by bus and tram services, making it an ideal commuter base which is sure to keep rental demand high.

The average price of a flat in Mitcham stands at £301,802 and property prices in the CR4 postcode rose 3% in the last year and by 8% since 2020, which makes it a fantastic location to invest on property. Mitcham is earmarked as an area to watch as over the next few years, expected to become a property hotspot and it’s face dramatically change with new high-quality housing so be ahead of the game and find out more about this investment opportunity today.