Spencer Road, Mitcham, CR4
South East
£450,000
Listed on 22/09/2026
Listed on 22/09/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
936 sqftDescription
A three-bedroom terraced house with three reception rooms and flexible accommodation, offering scope for a purchaser to update and modernise to their own requirements. The layout may suit a range of uses, including working from home or entertaining. The property is offered with no onward chain.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a substantial project with a useful canvas: three bedrooms and three reception rooms offer flexibility to reshape the living space, while the rear garden has room to be cleared and improved. The photographed interiors show worn flooring and dated finishes in several rooms, including a dated kitchen and bathroom; ceiling staining and peeling material in a bedroom also need investigating. The £450,000 asking price is slightly below the local £/sqf benchmark, which is a modest plus, and no onward chain is stated.
The overall opportunity is still weak because the purchase price plus the £55,000–£95,000 works range looks tight against local benchmarks; at the £75,000 midpoint, the combined cost is £525,000 before fees, versus an implied local average value of £462,852. That comparison is not a renovated valuation, but it underlines the need for careful budgeting and a clear plan for the property.
Key opportunities
- Use the three reception rooms alongside the three bedrooms to tailor the layout for family living, working from home or entertaining.
- Replace the dated kitchen and bathroom finishes and renew worn flooring and wall finishes to create a coherent modern interior.
- Clear and tidy the overgrown rear garden to make better use of the outdoor space.
Key risks
- The £55,000–£95,000 works range and visible damage across several rooms make this a substantial budget and programme, not a cosmetic refresh.
- Extensive ceiling staining and peeling material in a bedroom should be investigated to establish the cause and scope of repair.
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Transport
Nearest stations
Mitcham Eastfields Rail Station
0.2 miles
Train · Mitcham
Tooting Rail Station
1.0 miles
Train · Tooting
Streatham Common Rail Station
1.0 miles
Train · Streatham Vale
Mitcham Junction Rail Station
1.0 miles
Train · Mitcham
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,839
Based on a loan of £337,500 over 30 years at 5.13% 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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-5.3% since listed
£450,000£25,000(-5.3%)
17/10/2026£475,000Initial listing
25/09/2026Services
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