eddisonwhite says ..

Property Oracle says ..

This three-bedroom property located on Graham Road in Central Mitcham, Merton, offers a blend of potential and challenges. Its location is a key strength, with proximity to Figges Marsh, several good schools (Gorringe Park Primary School, St Mark’s Primary School, and others), and convenient access to Mitcham Eastfields train station. The property itself is a larger-than-average house with a notable amount of space. The garden is a valuable asset, especially in a London setting.

However, the property is in need of considerable modernisation. The images show dated interiors, requiring significant renovation work. The kitchen and bathroom are particularly outdated. The flooring and walls in several rooms also show signs of wear and tear. The overall condition necessitates substantial investment before the property reaches its full potential.

The list price of £800,000 requires careful consideration. While the location and size justify a high price, the substantial renovation costs needed must be factored in. Comparable properties in the area have sold for less, suggesting that the asking price may be somewhat ambitious, especially considering the current state of the property. A potential buyer needs to weigh the cost of renovation against the property’s potential value after the work is completed.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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