Chase Buchanan says ..

Property Oracle says ..

The property is located in St Margarets Village, Richmond Upon Thames, a desirable area in London. The proximity to St Margarets train station (0.24km) provides convenient access to central London. Several outstanding-rated primary schools are within a short distance, making it attractive to families. The presence of a garden, albeit one that appears to require some attention, adds to the property’s appeal.

The house itself displays features of a period property, with some traditional characteristics. However, the interior requires modernisation. The kitchen and bathroom are outdated, and the overall condition of the property suggests it needs renovation. The carpets and decor are tired, and the garden is overgrown.

Considering the property’s location in a highly sought-after area, the list price of £1,000,000 appears reasonable, particularly given the size of the plot. However, the need for extensive renovation works should be factored into the overall cost. The average price per square foot in the area (£820) is significantly higher than what this property offers, suggesting a potential for value if renovated to a high standard. The relatively small size of the property (77.60 sqft) is a limiting factor, but the large plot size (1051 sqft) compensates somewhat. Nearby comparable properties support this assessment, with prices ranging from £475,000 for an apartment to over £1,000,000 for houses requiring less renovation.

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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