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Worcester Close, Mitcham, CR4 - Image 1
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Worcester Close, Mitcham, CR4

South East

£700,000

Listed on 24/09/2026

The listing

Property details

Bedrooms
5
Type
End Of Terrace
Area
1373 sqft

Description

This semi-detached house presents a unique opportunity for both family living and investment potential. With five bedrooms and over 1,500 square feet of versatile accommodation, the property is licensed as a House in Multiple Occupation (HMO) until August 2028, allowing for occupation by up to six individuals across six households. The current owners have significantly extended and refurbished the property, providing multiple living spaces, four bathrooms, a main kitchen, and additional kitchenette facilities. The layout is ideal for those seeking a home with income-generating potential, offering flexibility for multi-generational living or professional sharers. The ground floor features substantial communal areas, while the upper floor boasts additional bedrooms and bathroom facilities overlooking a large rear garden. This garden not only provides outdoor space but also presents development potential, subject to planning permissions. Off-street parking enhances the convenience of this property, which is located in a quiet residential cul-de-sac close to Mitcham Eastfields station and local amenities. The seller is relocating overseas and is keen to sell with no onward chain, making this an attractive option for prospective buyers looking for a straightforward transaction. Whether you are an investor or a family looking for a spacious home, this property offers significant potential for a variety of living arrangements.

WHOTS analysis

Our WHOTS verdict

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

53out of 100
Grade DWeak opportunity

Confidence: LOW

This semi-detached house offers a strong opportunity for those interested in both family living and generating income through its existing HMO license, valid until August 2028. The property boasts a spacious layout with multiple bedrooms and four bathrooms, making it an attractive option for professional sharers or multi-generational families. With a well-maintained exterior and modern kitchen fittings, the house is in good condition overall, and the large rear garden presents potential for further development, subject to necessary permissions.

However, the asking price of £700,000 translates to £510/sqf, which is 3.1% above the local average of £495/sqf. This limited price/value ratio could be a concern for some buyers. Furthermore, any new owner looking to continue operating as an HMO will need to apply for a new license, as the current one is non-transferable. Despite these considerations, the property's strong fundamentals and income-generating potential make it worth exploring for the right investor or homeowner.

Key opportunities

  • Existing HMO license valid until August 2028, allowing for income generation.
  • Versatile layout suitable for multi-generational living or professional sharers.
  • Large rear garden with potential for further development, subject to planning.

Key risks

None recorded.

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Map

Location

Worcester Close, Mitcham, CR4
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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
£2,645
Based on a loan of £525,000 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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