Galloways says ..

Property Oracle says ..

This one-bedroom, one-bathroom flat located on Ash Grove in Penge, London, is listed for £240,000. The property is situated in a convenient location with easy access to several train stations providing good transport links to central London, Bromley, and Croydon. There are also highly-rated primary schools nearby, making it potentially suitable for families.

Based on the provided photos, the property appears to be in fair condition, although some interior updates are likely needed. The kitchen and bathroom could benefit from modernisation, and the garden shows signs of needing attention. The current state is acceptable but could be improved to enhance the property’s overall appeal. The property benefits from having a rear garden although the images showcase an overgrown and unkempt space, limiting its usability.

Given the lack of information regarding the square footage, it is difficult to definitively comment on the price-per-square-foot. However, comparison to similar properties in the vicinity seems to suggest that the £240,000 asking price is within a reasonable range, perhaps even slightly below the market rate for the area. Further investigation into the precise square footage and the condition of other essential internal elements would be beneficial for a more comprehensive assessment. This property may be appealing to first-time buyers or investors due to the location and transport links. A renovation could add significant value to the property. However potential buyers should be prepared to budget for some interior refurbishment and garden maintenance.

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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