Douglas Allen says ..

Property Oracle says ..

This two-bedroom terraced house on Alexandra Road in East Ham, Newham, is listed at £420,000. The property’s location offers a reasonable balance between accessibility to central London and local amenities. Public transport connections to Barking, Woodgrange Park, Manor Park and Ilford are within a reasonable distance, providing good links to the wider transport network. The presence of several schools in close proximity makes the area attractive to families. However, potential buyers should consider the property’s condition, which suggests that some renovation will be necessary. The interior décor is outdated and shows signs of wear, and some areas such as walls in the photos appear to be damaged. Further investigation into potential structural problems is advised. On the other hand, the significant advantage is the presence of a relatively large garden, a rare asset in London properties and especially in this type of housing which could increase the property’s overall value. While the property’s list price may fall within the average range for properties in the area, it is hard to determine precise value for money without a definitive sqft measurement for similar recently sold properties. Buyers should commission a full structural survey and obtain multiple valuations before making an offer. The property would be an excellent investment or a suitable starter home for those who are comfortable undertaking renovation work. The large garden is a significant bonus. The property’s condition will require significant renovation and therefore this is something that needs to be factored into the total cost of buying the property.

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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