Grafton Estate Agents says ..

Property Oracle says ..

This end of terrace property is located on High Street, Penge, in the London Borough of Bromley. The property is a 2 bedroom, 1 bathroom house with a total area of 583 sqft and a plot size of 797 sqft. The list price is £450,000.

The property benefits from being close to several transport links, including Penge East and Penge West stations, providing convenient access to central London. There are also a number of well-regarded primary schools within a short distance, including Harris Primary Academy Kent House, which has an ‘Outstanding’ Ofsted rating.

Based on the provided images, the property appears to be in need of significant renovation. The interior shows signs of wear and tear, including damaged walls, outdated fixtures, and exposed floorboards. The exterior, while showing some period features, also requires attention. The presence of a small garden is a positive aspect.

Considering the average property price in the area is £562,702 and the average price per sqft is £528, the list price of £450,000 for this 583 sqft property appears relatively reasonable, particularly given its condition and the need for substantial renovation. However, the lack of comparable sales data (all nearby listings have 0 sqft listed) makes a precise price comparison challenging. The lower price may reflect the property’s condition and the required investment.

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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