McHugh & Co says ..

Property Oracle says ..

This three-bedroom semi-detached house is located on Park Lane, Hornchurch, and is currently listed for £250,000. The property requires extensive renovation, as evidenced by the images showing significant damage and deterioration throughout. The house benefits from a garden, though it appears to be unkempt and requires attention. While the location is close to several schools and transportation links, including Romford station (1.17km), the overall condition of the property significantly impacts its value. Considering the average house price in the area is £401,187 and the average price per sqft is £424, the listed price of £250,000 might seem attractive initially, however, the substantial renovation costs needed should be factored in. Nearby comparable properties range from £149,000 to £425,000, reflecting a wide price range, possibly due to varying conditions and sizes. Therefore, a thorough assessment of the repair costs is crucial before making an offer.

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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