Luxe Residential says ..

Property Oracle says ..

This 5-bedroom, 4-bathroom property located on Oriental Road in Woking, Surrey presents a unique opportunity but requires significant consideration. The property is undergoing a substantial renovation, with the ground floor showing considerable evidence of ongoing work. Photos reveal unfinished areas, including the living space, kitchen, and several bathrooms. While some upper floor bedrooms appear complete, the overall condition isn’t ideal, and the property is clearly not move-in ready.

The location in Woking is advantageous, offering proximity to Woking station (0.84km), providing excellent transport links, and also to several schools. The presence of a garden is a positive aspect, although its current state suggests the need for landscaping and clearing. However, it’s unclear what the plot size of the garden actually is.

The asking price of £875,000 requires careful evaluation. While Woking is a desirable area and a renovated property of this size could achieve a high sale price, the significant costs associated with completing the current renovations need to be factored in. Without precise square footage of comparable properties, a precise price-per-square-foot analysis is difficult, but a number of properties on Oriental Road and nearby streets have sold for significantly less. Therefore, the price currently appears somewhat high relative to the incomplete state of the property. A full survey would need to be completed and consideration given to the full costs of completing the property before an accurate assessment of the value for money is established. Potential buyers should thoroughly assess the potential costs and factor them into their overall assessment.

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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