Ellisons says ..

Property Oracle says ..

This three-bedroom terraced house located at 19 Kirkley Road, Merton, SW19 3AY, presents a mixed-use investment opportunity. The property’s location is a positive attribute, offering proximity to excellent primary schools and convenient public transport links. Several train stations are within walking distance or a short bus ride, making commuting straightforward. The presence of highly rated schools increases the property’s desirability and potential rental appeal.

However, the property’s condition represents a significant drawback. The interior images showcase outdated decor and finishes throughout the house. Extensive renovation and modernisation will be needed to bring the property up to current standards. This will require a substantial financial investment, including potentially replacing fixtures, fittings, and addressing any structural issues that might arise during renovation work.

The presence of a garden is a benefit, although its size and current state need improvement. The yard is currently cluttered and requires clearing and landscaping to be a fully functional outdoor space.

Concerning the property’s price point, the listed price of £850,000 falls within the range of similar properties in the immediate vicinity. However, the extensive renovation requirement partially offsets the property’s value proposition. While the location itself adds value, potential buyers must factor in the considerable cost of refurbishment before making a purchasing decision. Detailed information on the plot size and the lack of comparable property size information hinder a more precise pricing evaluation.

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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