Hamptons Sales says ..

Property Oracle says ..

The property is located on Vectis Road in the Graveney area of Merton, London. The area benefits from being close to several highly-rated schools, including Graveney School (Outstanding Ofsted rating) which is only 0.44km away. The proximity to Tooting station (1.11km) provides convenient access to public transportation. While specific details on local shops and places of significance are not provided, the location appears to be reasonably convenient given its proximity to schools and transport links.

The images clearly show that the property is in extremely poor condition and requires extensive renovation. Walls are damaged, ceilings are partly collapsed, and the property shows significant signs of neglect and potential water damage. The interior requires complete refurbishment.

The property includes a garden visible in the exterior photos. The size of the plot is given as 1,656 sqft, which is a reasonable size for a house in London.

Considering the average house price in the area is £582,591 and the average price per sqft is £687, the listed price of £425,000 for this property seems low. However, given the extensive renovation required, this price may reflect the significant costs associated with bringing the property up to a habitable standard. The price may be considered reasonable for a buyer willing to undertake a full refurbishment project. It’s important to note that comparable properties in the area with similar sqft do not show the same level of disrepair.

Based on the provided information, the property is a period property in need of significant renovation. The property has a garden. The location is convenient for schools and transport. The price reflects the need for extensive work but may be attractive to a buyer looking for a renovation project.

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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