Andrews Estate Agents says ..

Property Oracle says ..

The property is a maisonette located on Tynemouth Road in Mitcham, CR4, a suburb of London.

The asking price is £400,000, and the property has 2 bedrooms, 1 bathroom, and is 694 sqft. The plot size is 0 sqft.

The location is reasonably convenient, with several train stations within a reasonable distance (Tooting, Mitcham Eastfields, Streatham Common, Balham, Mitcham Junction). There are also several schools nearby, including Links Primary School, Lavender Children’s Centre, Furzedown Primary School, Gorringe Park Primary School, and Graveney School. The proximity to these amenities contributes positively to the property’s desirability.

Based on the provided images, the property appears to be in generally good condition. The kitchen and bathroom look recently updated or renovated. However, some areas, particularly the bedrooms, show signs of needing some tidying and minor maintenance. The garden is relatively small but well-maintained with a decked area and shed.

Considering the average price per sqft in the area (£687) and the property’s size (694 sqft), a rough estimate of the property’s value would be around £475,000. However, the actual average price for the area is £582,591, and the average sqft is 847. The list price of £400,000 is significantly below both the average price and the estimated value based on price per sqft. This suggests that the property may represent good value for money, although further investigation into the specifics of the property and the reasons for the lower price would be prudent.

The property benefits from a small but well-maintained garden and is located in a convenient area with good transport links and schools. The overall condition is good, with some minor improvements needed in certain areas.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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