Strettons says ..

Property Oracle says ..

The property is located on Exmouth Road, Walthamstow, London. It’s a one-bedroom property with a total area of 714.12 sqft and is listed at £150,000.

The property benefits from its proximity to Walthamstow Queen’s Road Overground station (0.21km), providing convenient access to central London. Several other transport links are also within reasonable distance, enhancing its accessibility. Furthermore, several primary schools with good Ofsted ratings are located nearby, making it potentially attractive to families. The presence of a small garden is a positive feature, although its size is not specified.

Based on the provided photographs, the property appears to be undergoing renovation or is in a state of significant disrepair. Many areas are unfinished, with exposed brickwork, incomplete flooring, and exposed wiring visible in several photos. The bathroom is also unfinished. This significantly impacts the overall condition of the property.

Considering the average house price in the area is £552,923 and the average price per sqft is £641.00, the listed price of £150,000 for this 714.12 sqft property seems exceptionally low. However, given the property’s condition and the need for substantial renovation work, the price might be considered more reasonable, although still potentially undervalued compared to similar properties in the area once completed. The lack of information on comparable properties with similar renovation needs makes a definitive assessment challenging. Nearby properties on Exmouth Road range from £116,000 to £765,000, highlighting the significant price variation in the street.

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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