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Tamworth Park, Mitcham - Image 1
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Tamworth Park, Mitcham

South East

£500,000

Listed on 18/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
987 sqft

Description

This three-bedroom terraced house, located in the desirable Tamworth Park area, presents a fantastic opportunity for those looking to create their ideal home. The property features a welcoming hallway that leads into a spacious through lounge and dining room, perfect for family gatherings and entertaining. The fitted kitchen offers ample storage and workspace, seamlessly connecting to a conservatory that provides additional living space and access to the private rear garden. On the first floor, you will find three well-proportioned bedrooms along with a family bathroom, making this home suitable for growing families or first-time buyers. The exterior boasts a private garden with side and rear access, ideal for outdoor activities, complemented by a garage and driveway parking for convenience. With gas central heating and double glazing throughout, this home is ready for immediate occupancy while also offering excellent potential for improvement and extension, subject to necessary planning permissions. Situated close to local amenities, reputable schools, and transport links, this property is an ideal choice for anyone seeking a family home in a sought-after location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

45out of 100
Grade ELow opportunity

Confidence: MEDIUM

This three-bedroom terraced home in the sought-after Tamworth Park area presents a solid opportunity for buyers looking to create their dream space. While the interiors are dated and require modernization, the property's good location and potential for extension (subject to planning permissions) can be leveraged to enhance its value significantly. The garden is a standout feature, providing a private outdoor space that could be transformed into an inviting area for family gatherings.

Despite the appealing guide price of £500,000, which is slightly above the local average at £507/sqf compared to £495/sqf, the all-in costs (purchase and refurbishment) appear tight against local benchmarks. This could limit the margin for profit, so it’s essential for potential buyers to carefully consider their renovation budget, estimated between £40,000 and £80,000, before proceeding. Overall, with the right vision and investment, this property has the potential to become a fantastic family home.

Key opportunities

  • Potential for extension (subject to planning permissions)
  • Private garden space for outdoor enjoyment
  • Opportunity to modernize and enhance dated interiors

Key risks

  • All-in costs look tight against local benchmarks, which could limit profit margins

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Map

Location

Tamworth Park, Mitcham
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% interest

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

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Indicative tax based on the asking price and the options you select.

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