Bairstow Eves says ..

Property Oracle says ..

This three-bedroom property in Croydon, located on Barmouth Road in Shirley North, presents a mixed bag of advantages and disadvantages. The property is situated in a desirable area known for its good schools and relatively convenient access to transportation, including several Southeastern and other train lines located a short distance away. The proximity to highly rated schools, St John’s Cofe Primary School and Coloma Convent Girls’ School, is a significant advantage. This close proximity could increase the property’s value for families.

However, the property’s condition presents challenges. The images reveal dated interiors, notably the kitchen and bathroom, both of which require modernization. Some minor repairs are visible, suggesting the need for updates to ensure everything is functioning correctly. Additionally, although the property has a garden, the visible pictures suggest it needs significant landscaping and maintenance work.

The list price of £475,000 may represent fair value given the size, location, and the number of bedrooms. Considering similar properties in the area, a certain level of market competitiveness may be expected, provided the required repairs are managed accordingly. However, potential buyers should factor in the costs associated with renovation and garden restoration. A thorough survey to assess the structural integrity of the property is highly recommended before finalising any purchases to fully account for the total cost of ownership. In summary, this property offers location benefits but requires significant investment for renovation. It may attract buyers seeking a project or those prioritizing the area’s schools and transport links, but only after a careful assessment of the cost of renovation.

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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