Stirling Ackroyd says ..

Property Oracle says ..

The property is a one-bedroom retirement apartment in South Norwood, Croydon, with a list price of £150,000. The apartment is part of a larger brick building and benefits from a communal garden. The interior appears clean and well-maintained, though the furnishings are simple. The kitchen shows some minor wear and tear, but is functional. The property’s size is 389 sqft, and the plot size is 511 sqft. The location in South Norwood benefits from proximity to Norwood Junction station (0.63 km), offering convenient access to London Bridge via the London Overground. Several schools are also within a reasonable distance, including Harris Academy South Norwood (Outstanding Ofsted rating), making it potentially attractive to families. The average property price in the area is significantly higher (£395,929), and the average price per sqft is £451. Compared to this, the listed price of £150,000 for this 389 sqft apartment appears very low. However, it is important to note that this is a retirement apartment, and this may explain the lower price. Further investigation into comparable retirement apartments in the area would be needed to confirm whether this price is truly exceptional value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images