Foxtons says ..

Property Oracle says ..

The property located on Mersham Road, Thornton Heath, is a 2-bedroom, 1-bathroom house with a total area of 1,052 square feet and a plot size of 781 square feet. The list price is £250,000.

Considering the provided images, the property appears to be in need of some modernisation and updating. The décor is dated, and some areas show signs of wear and tear, particularly the bathroom and kitchen. While structurally sound, potential buyers should budget for renovations to bring the property up to a more contemporary standard. This is reflected in the relatively low price compared to the average price in the area.

The property benefits from a small garden area, though it also appears to require some landscaping and maintenance. The size of the garden is modest, but it does offer some outdoor space.

Thornton Heath offers convenient access to several transport links, including Thornton Heath station, providing connections to various parts of London. The proximity to several schools, including the Outstanding-rated David Livingstone Academy, adds to the property’s appeal for families. However, the area’s overall average house price is significantly higher than the list price of this property, suggesting that it may be undervalued, although this could be attributed to its condition.

The average price per square foot in the area is £437. Given the property’s condition and the need for renovations, the list price of £250,000 appears to be relatively reasonable, perhaps even slightly below market value considering the land and location. However, a thorough survey is recommended to assess any potential structural issues before making an offer.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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