Alter & Cope says ..

Property Oracle says ..

This property is a two-bedroom apartment located in Lewisham, South East London. The apartment is in need of significant renovation, as evidenced by the provided images showing damaged flooring, walls, and outdated fixtures. While the location benefits from proximity to several Southeastern train stations (Ladywell, Lewisham, Hither Green, etc.) and well-regarded schools (St Mary’s, St Saviour’s, etc.), the property itself requires substantial investment. The list price of £290,000 is significantly below the average price for the area (£435,097), but this is likely reflective of its poor condition. Nearby comparable properties show a wide range of prices, suggesting that the market value is influenced heavily by the condition and type of property. The lack of plot size (0.00 sqft) is a common feature for apartments in this area. Overall, this property presents a significant renovation project with potential for future value, but buyers should factor in substantial renovation costs.

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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