Michael Naik says ..

Property Oracle says ..

This three-bedroom property located on Forburg Road in Hackney, London, presents a mixed bag of opportunities and challenges for potential buyers. Its positive aspects include a convenient location near Stoke Newington Overground station and several schools, including an Outstanding-rated primary school. The property also boasts a garden, adding outdoor space which is rare in this densely-populated area. However, the property requires significant refurbishment. The interior decor is dated, several areas are cluttered, and the garden is overgrown and in need of considerable work. The price point of £674,995 sits higher than some of the comparable properties in the area, though lacking sufficient data on the square footage of surrounding properties makes definitive assessment challenging. A prospective buyer should be prepared for considerable investment in modernisation and renovation to bring the property to its full potential. They should also factor in potential additional costs for landscaping the garden. Overall, this property presents a viable investment opportunity for a buyer prepared to handle a substantial renovation project. However, caution should be exercised concerning the asking price, and careful investigation of comparable properties’ square footage is necessary before committing to a 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. *

Images