Foxtons says ..

Property Oracle says ..

This studio flat in Lyndhurst Court, South Norwood, offers a potential investment opportunity but requires careful consideration. The property’s location is a key strength, with its proximity to well-regarded schools and Norwood Junction station. This provides good access to transport links and amenities. However, the property’s condition requires significant investment. The kitchen and bathroom are dated and in need of a complete overhaul. The small patio area provides limited outdoor space. The list price of £180,000 appears reasonable in the context of the local market, particularly for a studio flat, but prospective buyers should factor in the cost of renovations. While the location is positive, the condition and limited size of the property need to be carefully weighed against the list price. Buyers should obtain a professional survey to assess the structural condition and factor in the cost of refurbishment before making an offer. The lack of data on average price per sqft for studio flats in the area makes a definitive assessment of value challenging, but based on the available information, the property presents a reasonable opportunity for a buyer willing to undertake renovation works.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images