Douglas Allen says ..

Property Oracle says ..

Wanstead, a highly sought-after area in Redbridge, boasts excellent transport links, reputable schools, and a vibrant village atmosphere. The property’s location on Cambridge Park Road places it within easy reach of Wanstead High Street, offering a variety of amenities. However, the proximity to major transport links such as Leytonstone High Road station (London Overground) needs further investigation to determine its exact impact on the property’s value. The presence of several well-regarded schools nearby, including Wanstead Church School (rated Outstanding by Ofsted), is a significant positive.

Based on the provided images, the property appears to be in need of significant modernisation. The décor is dated, and the overall condition suggests a need for refurbishment throughout. This impacts the property’s immediate livability and likely necessitates a considerable investment before it can be considered a move-in ready property.

The property benefits from communal gardens, as evidenced by the exterior photographs. While the exact size of the communal area isn’t specified, the images indicate a pleasant outdoor space available for residents.

Considering the list price of £145,000, the average price for properties in the area is significantly higher (£639,975). The average price per square foot is £675, but without the square footage of this property, a direct comparison is impossible. However, given the property’s condition and the significant disparity between the list price and the average property price in the area, the asking price appears exceptionally low. This could potentially be due to the property’s condition requiring substantial renovation, but further investigation into the specifics of the property’s size and any potential issues would be necessary to determine if the price is truly reflective of its value. Additional comparable properties in the area would provide a more accurate assessment. Additional comparable properties in the area would provide a more accurate assessment.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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