Michael Steven says ..

Property Oracle says ..

The property is located on St Johns Church Road in Homerton, Hackney, East London. The area benefits from its proximity to several outstandingly rated schools, including The Olive School Hackney and St John And St James Cofe Primary School, both within a short walking distance. Hackney Central Overground station is also conveniently located approximately 0.53km away, providing good transport links. The presence of a local park and St John’s Church adds to the area’s character and amenity value.

Based on the provided photographs, the property appears to be in need of significant renovation. The interior shows worn carpets, outdated fixtures, and requires general repairs and modernisation throughout. The kitchen and bathroom, in particular, seem dated and require updating. The garden, while present, is overgrown and unkempt, requiring considerable landscaping work.

The property’s list price of £1,250,000 is high considering its condition and the relatively small plot size. While the location is desirable, the extensive renovation needed significantly impacts the overall value. Comparable properties in the area, even those in better condition, are generally listed at lower prices. This suggests that the asking price may not reflect the property’s current market value accurately. A thorough survey and cost estimate for the necessary renovations are crucial to determine a fair market price.

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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