James Hayward says ..

Property Oracle says ..

This three-bedroom terraced house on Gloucester Road, Enfield, presents a mixed bag of opportunities and challenges for potential buyers. The property’s location in the Chase area of Enfield offers a reasonable level of convenience given its proximity to Gordon Hill station and local schools, though more detailed analysis of surrounding shops and amenities would be beneficial. However, the property is in significant need of renovation, as evident in the provided photographs. The interior finishes are outdated, and the property would require substantial investment to bring it up to a modern standard. The garden, while present, is currently overgrown and requires considerable landscaping work.

The listing price of £490,000 is somewhat in line with comparable properties in the area, though the lack of precise square footage data for these properties makes a perfect comparison challenging. Considering the necessary renovations, the asking price could be considered a fair reflection of the current state of the property and the inherent value in its location. However, potential buyers should factor in the significant costs associated with renovations and landscaping before making an offer. A thorough survey would be essential before committing to purchase.

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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