Douglas Pryce says ..

Property Oracle says ..

This three-bedroom property on Alexandra Road, Addiscombe West, Croydon, presents a mixed bag. Its key advantage lies in its proximity to East Croydon station, offering excellent transport links to London. The presence of nearby schools, some with good Ofsted ratings, further enhances its appeal to families. The property also includes a garden; however, this is a relatively modest size.

However, the property’s condition is a significant drawback. The provided photos clearly reveal the need for substantial refurbishment throughout. Walls require replastering, floors need replacing and the general state of the interior indicates significant work will be needed. This is reflected in the images which show extensive damage to walls and floors, requiring full renovation. The kitchen and bathroom are also dated and would require significant upgrades.

Considering the required renovation, the listed price of £575,000 needs careful consideration. While comparable properties in the area do exist, many of the comparable properties are either smaller or in much better condition, suggesting that this property is slightly overpriced in its current state. Potential buyers should factor in considerable renovation costs before making an offer. Overall, this property offers potential, but its substantial renovation needs must be carefully weighed against its location and asking price.

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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