One perfectly normal-looking home in a South London suburb appears to be struggling to sell after six years. Priced at £475,000, this house is located in Mitcham Eastfields, Croydon borough. The two-story property has three bedrooms and one bathroom, along with a reasonably sized garden at the back. Despite potentially needing some interior design upgrades, the house is fully functioning and would be ideal for a young family.
The house, which you can view here, draws in a wealth of natural light, has ideal storage space, a spacious kitchen/dining area, and is conveniently located just a short walk from Colliers Wood Station. Transport services in the area include buses, trams, and trains. Train tickets from the area to Central London start from £9.
As mentioned, the property would suit a young family with the Mitcham area home to a few schools: St. Marks, Lavender Lodge, and Oak Tree Primary School. Along with this, the area is full of green spaces and parks, perfect to keep young kids entertained for hours.
In terms of food and accessibility, the house is walking distance from amenities like supermarkets; Asda, Lidl, Iceland, and Tesco. Restaurants in the area are affordable, delicious, and diverse, featuring places like; Colombo Restaurant, which serves authentic and aromatic Sri Lankan food. Other cuisines the area provides are; Caribbean, Turkish, British, Italian, and Indian.
According to Rightmove, terraced properties, like this one, sold for an average price of £446,226 over the last year in Croydon. The house, being £28,774 more expensive than other terraced properties in the area, could be the reason why buyers seem to be turning away. However, the house’s characteristics in terms of transport links, schools, and community make it a stand-out.
Located in a quiet neighbourhood in Croydon, one would assume this house would fly off the market due to its ample transport links, being just 45 minutes from Liverpool Street by train. Croydon has become safer in recent years, featured in the top 20 safest areas in London, according to crime statistics, and when paired with cheaper-than-most housing prices, it’s perplexing as to why this house seems to have been been passed up on for the better part of six years — especially with current housing demand in the city.
Three-bedroom houses in other London suburbs are priced as such; Chadwell Heath (£675,000), Sidcup (£685,000), or Kingsbury (£680,000). Houses like these in central London are listed with the following prices; Belgravia (£6,950,000), Fitzrovia (£2,895,000), or Wapping (£1,500,000). If that doesn’t make your jaw hit the floor, I don’t know what will.
Despite being considerably lower than its counterparts, this Croydon home is yet to be sold. It may be a bit of a fixer-upper, but it could be a worthwhile venture for any first-time or family-focused buyers.