Nevin and Wells Residential says ..

Property Oracle says ..

This three-bedroom semi-detached house located on The Lane in Virginia Water, Surrey, presents a compelling opportunity but requires careful consideration. The property’s location in Virginia Water is advantageous, with good schools and a train station nearby. The proximity to green spaces is also desirable. However, the property itself is clearly in need of a comprehensive refurbishment. The interior is outdated, carpets, and fixtures appear worn, and walls need repainting. The kitchen and bathrooms seem functional but also require modernisation. The garden, while present, appears overgrown and requires significant landscaping work. The lack of precise plot size details hinders a thorough evaluation of land value. The price of £500,000 sits within the range of similar properties in the area, although a thorough survey and cost estimate for renovations are vital before committing to a purchase. The property’s condition may initially be perceived as negative, but with modernisation, the property has good potential to add value. The potential to extend the property (subject to planning permission) presents a further value-adding proposition, especially given the garden space. The property will appeal to buyers who are looking for a project with significant potential in a desirable location. Prospective buyers should carefully consider the renovation costs before making an offer.

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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