Deakin-White says ..

Property Oracle says ..

This three-bedroom terraced house on Wenlock Road, Edgware is listed at £450,000. The property benefits from a good-sized garden and is located within reasonable proximity to local schools and transportation links. While the house shows signs of needing some modernisation, the price appears competitive compared to similar properties in the area. The average price for properties in the area is £666,863, significantly higher than the asking price. However, the average size is 1,116 sqft, larger than the 826 sqft of this property. The average price per sqft is £597, which is slightly higher than the implied price per sqft of this property (£450,000 / 826 sqft = £544). Given the need for some modernisation, the lower price per sqft is justified. The property is in need of some updating and modernisation but is structurally sound. The garden is a significant plus point, offering additional space and potential for improvement. The location, while not in the heart of London, is convenient for access to transportation and local amenities. Overall, this property presents a reasonable opportunity for a buyer looking for a project property in a desirable location.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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