Acorn says ..

Property Oracle says ..

The property is a 2 bedroom apartment located on Trafford Road, Thornton Heath, in the London Borough of Croydon. It has a list price of £325,000 and is 1,438 sqft with a 731 sqft plot. The property appears to be in good condition based on the provided images. The interior is modern and well-maintained with a recently updated kitchen and bathroom. There is a good-sized garden. The location is within reasonable proximity to several schools, including Gonville Academy (rated ‘Good’ by Ofsted) and Winterbourne Boys’ Academy and Winterbourne Junior Girls’ School (both rated ‘Good’). Several train stations are also within a reasonable distance providing access to central London. Considering the average price per sqft in the area is £686, and the property is 1,438 sqft, a rough estimate of the value would be £983,628. However, the list price is significantly lower at £325,000. While this seems like exceptional value, it’s important to note that the average house price in the area is £779,634, suggesting that this property might be undervalued. Further investigation into the reasons for the lower price would be prudent. The property is an apartment, and the nearby comparable properties are terraced houses, which may account for some of the price difference. The smaller plot size compared to the average in the area may also contribute to the lower price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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