Andrews Estate Agents says ..

Property Oracle says ..

The property is a two-bedroom apartment with a size of 637 sqft, listed at £125,000. The average price for properties in the area is significantly higher at £397,240, with an average price per sqft of £356. Compared to the average, this property is considerably cheaper. However, the average sqft in the area is 1,115 sqft, significantly larger than the 637 sqft of the subject property. The apartment’s location in Mitcham, CR4, benefits from its proximity to several schools, including Cricket Green School (rated Outstanding), and various transportation links, such as Mitcham Eastfields and Mitcham Junction train stations. This suggests a reasonably convenient location. However, more information is needed to determine the quality of the local amenities and the overall desirability of the area. The provided images suggest the apartment is in a generally reasonable condition. While not modern, it appears well-maintained and habitable. There is no visible evidence of significant damage or the need for extensive renovations. The lack of plot size information prevents a complete assessment of the land aspect. The absence of a garden is a notable factor to consider for potential buyers. Considering the property’s price of £125,000 against the average price of £397,240 and average price per sqft of £356, the listing price appears to be significantly below the market average. However, the smaller size of the apartment (637 sqft compared to the average 1,115 sqft) and the lack of a garden must be taken into account. Therefore, while the price seems low compared to the overall average, further investigation into comparable properties and local market conditions is needed to determine if it represents good value.

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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