3-bedroom terraced house · CR4 1SJ
For saleReduced £10.9k (−2.6%) on 6 OctListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire a three-bedroom freehold home with a substantial rear garden, offered for sale with vacant possession and no onward chain.
This probate property offers excellent potential for buyers looking for a home they can modernise and improve to their own requirements.
The property currently provides three bedrooms, two reception rooms, a kitchen and bathroom, together with a particularly attractive rear garden measuring approximately 60ft x 20ft.
The property is now in need of general modernisation and refurbishment, and prospective purchasers should expect works to bring the accommodation up to a modern standard.
The kitchen and bathroom would benefit from updating, together with further decorative and general improvement works throughout.
For those prepared to undertake the necessary works, the property represents an opportunity to create a comfortable family home while adding value through refurbishment and improvement.
The location is also well positioned for transport links, with Mitcham Eastfields Station within walking distance, providing convenient connections for commuters.
Local shops, schools, amenities and further transport links are also accessible from the property.
The property is being sold as part of a probate sale, with vacant possession and no onward chain, making it particularly suitable for buyers looking for a straightforward purchase without an onward property chain.
The seller is open to offers, and early viewing is recommended to appreciate the property's potential.
Please note: The property is offered in its existing condition, and prospective purchasers are advised to satisfy themselves regarding the condition, measurements and suitability of the property and any proposed works through their own inspection and enquiries.
About this property Three-bedroom freehold property Two reception rooms Large rear garden approximately 60ft x 20ft Vacant possession No onward chain Probate sale Excellent opportunity for modernisation and improvement Walking distance to Mitcham Eastfields Station Seller is open to offers
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 63, Spencer Road, Mitcham
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