Barnard Marcus says ..

Property Oracle says ..

This property is a three-bedroom, two-bathroom terraced house located on Lochaline Street in Fulham Reach, Hammersmith and Fulham. The property is listed at £1,250,000 and has a floor area of 1180.80 sqft. The house is currently in need of significant modernisation and renovation. The images show dated interiors, requiring complete refurbishment of the kitchen and bathroom areas. Flooring, wall coverings and finishes are outdated throughout. The existing layout may benefit from enhancement. There is no garden. A planning application has already been approved for a rear extension and loft conversion, significantly increasing the future potential of this property. The area is in close proximity to various transport links such as Kensington (Olympia) and Shepherd’s Bush. Educational facilities such as Melcombe Primary School and St. Paul’s C of E Primary School are within a reasonable distance, although the Ofsted ratings of some schools highlight the importance of making your own evaluations. Nearby streets such as Distillery Lane and Parr’s Way show comparable house prices, suggesting that the list price isn’t significantly out of line with the market. However, the absence of specific details of garden, and the extent of renovations needed, makes any definitive statement about value difficult, especially without the exact sqft size of the existing house, and the expected size after completion of the extension. Overall, this property presents a refurbishment project with potential for considerable returns post-completion, provided necessary work is undertaken to a high standard. It is important to consider the total investment including both purchase and improvement costs and time before reaching a decision on this property.

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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