Rodney Road, Mitcham, CR4
South East
£450,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
878 sqftFeatures
- Garden
Description
This three-bedroom freehold terraced house offers just under 900 sq. ft. of accommodation in a residential cul-de-sac. The ground floor has a reception room, an open-plan kitchen and dining area, and a conservatory opening onto the rear garden. Upstairs are three bedrooms and a family bathroom. The rear garden is mainly paved, with a lawn section and a storage shed.
The property has been in the same ownership for more than 30 years and is described as well cared for, with scope for modernisation and personalisation. Belgrave Walk Tram Stop is nearby, with services towards Wimbledon and East Croydon, and Colliers Wood Underground Station provides access to the Northern Line.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
49out of 100
Grade ELow opportunity
Confidence: MEDIUM
This three-bedroom freehold has a usable layout, a generous reception room and a quiet cul-de-sac setting with good transport links. The dated kitchen and bathroom, older finishes across several rooms and scope to tidy the garden give a buyer room to modernise and personalise the house; the indicative renovation range is £40,000–£65,000. No major structural or roof issue is apparent in the submitted exterior views, though these are not a close inspection.
The asking price is £513 per sq. ft., around 3.6% above the local average, so price is not a particular strength. More importantly, purchase plus the renovation midpoint comes to about £502,500, making the all-in costs look tight against local benchmarks. There is still a clear improvement project here, but the numbers call for careful budgeting and a disciplined purchase price.
Key opportunities
- Modernise the dated kitchen and open-plan kitchen-dining area.
- Refresh the older decoration and finishes across the reception room and bedrooms.
- Improve the planting and lawn area to complement the largely paved, usable garden.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,700
Based on a loan of £337,500 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.
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