Bairstow Eves says ..

Property Oracle says ..

The property is a maisonette located in New Addington, Croydon, and is listed for £190,000. The property has one bedroom and one bathroom, and is 418.50 sqft. The plot size is 471.46 sqft. The average house price in the area is significantly higher at £779,634, with an average price per sqft of £686. This suggests that the property is priced considerably lower than the average for the area. However, it’s important to note that the average price and price per sqft are based on larger properties than the subject property. The nearby properties on Chertsey Crescent show a range of prices, with some properties selling for significantly more than the listed price of this property. This variance highlights the importance of considering individual property characteristics when assessing value. The property appears to be in good condition based on the provided images. The kitchen and bathroom have recently been updated, and the overall presentation is clean and modern. There is no obvious evidence of significant repairs or renovations needed. The property benefits from a small garden area. The location is close to several schools, which are rated ‘Good’ by Ofsted. Several train stations are within a reasonable distance, providing good transport links. The proximity to amenities and transport links makes this a relatively convenient location. Given the property’s condition, the relatively small size, and its location, the list price of £190,000 may represent good value for money, especially when compared to the average price of properties in the area. However, the significant difference between the list price and the average price for the area, and the limited information on comparable properties, makes it difficult to definitively assess the price’s reasonableness. Further investigation into comparable properties of similar size and type in the immediate vicinity would be beneficial for a more thorough evaluation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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