National Residential says ..

Property Oracle says ..

This property is a 1-bedroom flat located on Bensham Manor Road in Croydon, London. The list price is £138,000. The property is 359.51 sqft and has no plot size. The average price for properties in the area is £412,976, with an average price per sqft of £377. This suggests that the listed property is significantly underpriced compared to the average. However, the average sqft is 1095 sqft, which is significantly larger than the property in question. The smaller size and potential need for modernisation must be considered when evaluating the price. Nearby properties show a range of prices, with some flats selling for significantly less than the list price of this property. However, the lack of plot size information for these comparable properties makes a direct comparison difficult. The property’s location is convenient, with several railway stations within a reasonable distance, providing good transport links. There are also several schools nearby, which could be attractive to families or investors targeting the rental market. Based on the images provided, the property appears to be in satisfactory condition, although some modernisation or cosmetic improvements might enhance its appeal. The bathroom and kitchen appear dated, and the overall decor is simple. The property does not appear to be in need of major repairs. The lack of a garden is a notable drawback, particularly given the average property size in the area. This will likely limit the appeal to buyers seeking outdoor space. Considering all factors, the property presents a complex valuation challenge. While the price per sqft is significantly lower than the area average, the smaller size, lack of outdoor space, and potential need for some modernisation should be carefully considered. A potential buyer should weigh the advantages of the location and transport links against the need for potential improvements.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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