Stonebridge Estates says ..

Property Oracle says ..

This three-bedroom terraced house located on Halley Road in Manor Park, London, presents a mixed-use investment opportunity. The property’s location is a key strength. The proximity to Manor Park station, with its Elizabeth line connection, offers excellent transport links to central London and beyond. Several primary schools are nearby, with at least two showing ‘Good’ Ofsted ratings, appealing to families. The High Street North, with its shops and amenities, is also within easy reach.

However, the property’s condition requires significant attention. The provided images showcase an interior that is dated and needs substantial renovation. The flooring requires replacement, the kitchen and bathrooms need updating, and overall modernisation would significantly enhance the property’s value. The small garden, while present, is currently overgrown and requires landscaping.

The list price of £500,000 is at the higher end of the range for similar properties in the area, particularly given the required renovations. While comparable properties are scarce due to a lack of precise square footage data, the overall price appears somewhat inflated for the property’s current state. Potential buyers should factor in a considerable budget for modernisation and refurbishment before making an offer. Ultimately, this property offers the potential for significant returns after investment in modernisation, however, is not suitable as a move-in ready home.

Further information, including a professional survey and detailed costings for refurbishment, would be highly beneficial for potential buyers to make an informed decision.

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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