Bairstow Eves says ..

Property Oracle says ..

The property is a 5-bedroom, 2-bathroom terraced house located on Coleridge Avenue in Manor Park, London. It has a plot size of 1,644.73 sqft and is listed at £600,000. The location is positive, with several primary schools rated ‘Good’ or ‘Outstanding’ within a 0.72km radius. The proximity to Woodgrange Park and Manor Park stations, offering access to the London Overground and TfL Rail, enhances its appeal. Based on the provided images, the property is in need of significant renovation. The interior shows exposed floorboards, requiring sanding and potential replacement. Walls appear bare and require painting, and several rooms lack fixtures and fittings. The garden also appears overgrown and unkempt. This suggests a considerable amount of work is needed to bring the property up to a modern standard. The property benefits from a garden, although it requires significant attention. Considering the average house price in the area is £564,375 and the average price per sqft is £362, the listed price of £600,000 for this property seems high, given its condition. While the property has five bedrooms and a relatively large plot size, the extensive renovation required significantly impacts its value. The need for modernisation and repairs is a substantial factor in determining a fair market price. Nearby comparable properties show a range of prices, but none are in a directly comparable condition.

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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