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London
£500,000
Listed on 04/09/2026
Listed on 04/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached house in Cheam presents a solid opportunity for buyers looking to undertake a significant refurbishment and modernisation project. The asking price of £500,000 is reasonably positioned at £540/sqf, slightly below the local average, making it an attractive entry point for those willing to invest in improvements. However, potential buyers should be aware that the combined costs of purchase and renovation, estimated at around £650,000, stretch beyond the current average value for similar properties, which could impact the overall investment viability.
The home features a dated interior with visible signs of wear and damp throughout, particularly in the living spaces and kitchen. The garden and fixtures also show signs of neglect, indicating that a thorough update is necessary. Despite these challenges, the property benefits from a good location and a layout that provides a good foundation for reconfiguration. With a substantial programme of refurbishment, this house could transform into a desirable family home, particularly given its proximity to local amenities and schools. The potential for extension, subject to planning, further enhances its appeal for long-term buyers.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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