Steers Mead, Mitcham, CR4
South East
£400,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
791 sqftFeatures
- Garden
- Parking
Description
Andrews Estate Agents in Mitcham are marketing this two-bedroom mid-terrace house in Steers Mead, with a reception room, kitchen, bathroom and outside space. The property is described as requiring work throughout, offering scope for a buyer to modernise and finish the accommodation to their own requirements. Off-street parking is also included. The listing notes possible reconfiguration, subject to any necessary consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
36out of 100
Grade ELow opportunity
Confidence: MEDIUM
This two-bedroom Mitcham terrace has a clear modernisation canvas: dated finishes run through the rooms shown, with scope to refresh the interiors and improve the overgrown rear garden. Off-street parking and a conservatory add useful features to the project, and there is no obvious major structural failure in the photos, though the roof and external fabric warrant closer inspection.
The main constraint is the price rather than the amount of work: at £425,000, the asking price is already above the local £/sqf average. Adding the £35,000–£65,000 refurbishment range would leave the purchase-plus-works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of post-renovation value.
Key opportunities
- Refresh the dated finishes across the rooms shown, with potential to modernise the kitchen and bathroom.
- Tidy and improve the rear garden, including the overgrown planting and weathered fencing.
- Off-street parking and a conservatory give the terrace useful features to build on.
Key risks
- The £425,000 asking price plus the £35,000–£65,000 refurbishment range puts purchase-and-works costs above the local benchmark for this floor area, before fees.
- Total commitment could reach about £475,000 all-in — £50,000 of works on top of the asking price, about 18% ahead of typical local benchmarks for this size — current-condition benchmarks only, not after-works GDV.
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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
£1,511
Based on a loan of £300,000 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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-5.9% since listed
£400,000£25,000(-5.9%)
23/10/2026£425,000Initial listing
13/10/2026Services
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