The list price of £308,500 seems reasonable considering the property’s location and size, particularly when compared to other properties on Raul Road. However, the need for modernisation and the limited outdoor space might slightly reduce its value compared to similarly priced properties in better condition or with larger gardens. The lack of sqft data for nearby properties makes a precise comparison difficult.

Based on the provided photos, the property appears to be in fair condition, though it could benefit from some modernisation and updating. The kitchen and bathroom show their age, and some cosmetic repairs are evident in the bedrooms. While structurally sound, it’s not in pristine condition.

The property benefits from a location near Peckham Rye station, providing convenient access to public transport. The proximity to several well-regarded schools (Nell Gwynn Nursery School, Cherry Garden School, etc.) adds to its family-friendly appeal. However, Peckham can be a busy area, and while convenient, this might not appeal to everyone seeking a quieter residential setting. The average house price on nearby streets varies significantly, suggesting some degree of locational inconsistency in value.

The property includes a small shared garden area. While this offers some outdoor space, it’s not a large garden, and the shared nature limits its exclusivity. The lack of private outdoor space is a significant drawback for many buyers.