Addison Townsend says ..

Property Oracle says ..

The property is located in Cockfosters, Enfield, a suburb in Greater London. Cockfosters is known for its good schools and transport links, including the Piccadilly Line tube station providing easy access to central London. The area is primarily residential, with a mix of housing types. The proximity to good schools and transport links is a positive factor for potential buyers. However, the average house price in the area is significantly higher than the listed price of this property, which may suggest that this property is undervalued or that there are factors affecting its desirability.

Based on the images provided, the property appears to be in reasonable condition, although some aspects suggest it may benefit from modernisation. The kitchen and bathroom appear dated and may require updating. The property retains some period features, which could be considered charming by some buyers. The overall condition is not poor, but it could be improved with some renovations.

The property has a garden, which is a desirable feature in the UK housing market. The size of the garden is not specified, but the images suggest it is of a reasonable size for a semi-detached property. The presence of a shed provides additional storage space.

Considering the property’s location, condition, and the presence of a garden, the list price of £795,000 appears to be relatively low compared to the average house price in the area (£1,115,529). However, the average price per square foot (£690) is not significantly different from the implied price per square foot of this property (£621), suggesting that the price is not drastically undervalued. The lower price might be attributed to the need for modernisation or the specific features of the property. Nearby comparable properties show a wide range of prices, indicating some variability within the market. More information on the specific features of the comparable properties would be required for a more precise evaluation.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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