Acorn says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located on Copleston Road in Peckham, London. The apartment is 429.48 sqft and is listed at £325,000. The average price for properties in the area is £641,305, with an average price per sqft of £746. This suggests that the listed price is significantly below the average for the area. However, this needs to be considered in light of the property’s condition and size. Based on the provided images, the property appears to be in need of significant renovation. The walls are painted in dated colours, flooring is incomplete, and the overall condition suggests a need for modernisation. This will likely add considerable costs to the purchase price. The lack of plot size also means there is no garden. The location is within reasonable proximity to several schools, all rated ‘Good’ by Ofsted. Several train stations are also within walking distance, providing good transport links. This makes the location desirable, despite the property’s condition. Given the property’s condition, the lack of outdoor space, and the significantly lower price compared to the average for the area, the price may seem reasonable, provided that the buyer is prepared to undertake substantial renovation work. The low price may reflect the extensive work required. However, the cost of these renovations must be factored into the overall cost of the property.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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