iMove Property says ..

Property Oracle says ..

This property on Madeline Road, Crystal Palace, presents a complex investment opportunity. The existing structure is in poor condition, requiring substantial renovation or demolition and rebuilding. However, the substantial plot size and planning permission for a redevelopment to create six units significantly add to the potential value. The location in Crystal Palace is generally desirable, with good access to transport links and local amenities, including Crystal Palace Park and well-regarded schools such as Harris City Academy Crystal Palace. The current listing price of £900,000 is high given the property’s current state, even with planning permission. A detailed cost analysis of the renovation or reconstruction, alongside a careful comparison to recently sold properties in the immediate vicinity, is needed to gauge the true market value and determine if the current asking price is justified. The lack of key details such as the square footage of the existing property and planned units significantly limits the ability to make a definitive judgement on the price-value proposition. The considerable garden space represents a significant asset, but further clarification on its size and usability would improve the evaluation. Overall, this property is suitable for a developer or experienced investor willing to undertake significant renovation or a complete rebuild, but a robust due diligence process is crucial before committing to purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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