Greyfox Estate Agents says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Rainham, Kent, with a list price of £180,000. The property is situated in the ME8 8QP postcode. The property’s location is reasonably convenient, with Rainham (Kent) Southeastern station approximately 1.93 km away. Several primary schools are within a 2.69 km radius, including Riverside Primary School (rated ‘Good’ by Ofsted). However, without further information on the quality of local amenities and proximity to shops and other places of significance, a definitive assessment of location score is difficult. Based on the provided images, the property appears to be in need of significant renovation. The interior shows signs of wear and tear, outdated fixtures, and requires modernisation throughout. The garden, while present, also appears overgrown and neglected. The property has a plot size of 0.00 sqft, indicating a small or non-existent garden. This is a significant drawback, especially when compared to nearby properties. Considering the average house price in the area is £368,985 and the average price per sqft is £415, the list price of £180,000 for this 797 sqft property seems significantly lower. However, this discrepancy is easily explained by the property’s condition. The need for extensive renovation substantially impacts its market value, justifying the lower asking price compared to other properties in the area which may be in better condition. A detailed cost analysis of the necessary renovations would be required to accurately assess the true value for money. The property could benefit from the following tags: NEEDS_RENOVATION.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images