Paul Meakin Estate Agents says ..

Property Oracle says ..

This three-bedroom terraced house in Croydon, Greater London, presents a mixed bag for potential buyers. Located in New Addington North, it is reasonably close to several well-regarded schools and has access to public transport, although the distances may be considered moderate by some. The key issue is the property’s condition. The photographs reveal a property requiring extensive refurbishment throughout. The kitchen, bathroom, and all the bedrooms appear dated and in disrepair, demanding significant investment. The small rear garden is a positive aspect, but it is currently unkempt. The lack of plot size information and the significant disparity between the list price and prices of comparable properties (all of which seem to be in much better condition), indicates the pricing may be attractive for someone undertaking a significant renovation project. The property provides an opportunity for a buyer who is prepared to undertake a considerable amount of work, potentially allowing for significant value addition. A thorough survey is crucial before committing to a purchase. Overall, this property offers a potential opportunity for refurbishment with a price currently lower than those of comparable properties, but significant costs will be involved in modernising the property.

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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