Acorn says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on The Green in Welling, Bexley, with a list price of £425,000. The property is situated in a convenient location, close to local amenities including schools such as Harris Academy Falconwood (rated ‘Good’ by Ofsted) and Bishop Ridley Church of England VA Primary School (also rated ‘Good’), and transport links such as Falconwood and Welling Southeastern stations. The proximity to these amenities is a positive aspect of the property’s location.

The images reveal that the property is in need of significant renovation. The interior shows worn-out wallpaper, exposed wood flooring, and outdated fixtures and fittings. The kitchen and conservatory also require considerable work. This suggests a low condition score. The small front garden is visible in the exterior photo, but its size and condition are difficult to assess fully from the provided images.

Considering the average house price in the area is £469,089 and the average price per square foot is £416, the list price of £425,000 for this 959 sq ft property appears relatively reasonable, particularly given its need for renovation. However, nearby comparable properties show a range of prices, some significantly higher, suggesting that the price could be considered slightly below average for the area, but it is important to note that the sqft of nearby properties is not provided. The need for extensive renovation should be factored into any valuation.

Based on the provided information, the property requires substantial renovation, impacting its overall value. The location is positive due to its proximity to amenities and transport. The limited information about the land size prevents a comprehensive assessment. The price, while seemingly reasonable in the context of the area’s average, needs to be considered alongside the significant renovation required.

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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