McHugh & Co says ..

Property Oracle says ..

The property at 171 Mangold Way, Erith, DA18 4DB, is a four-bedroom property listed for £170,000. The average property price in the area is significantly higher at £367,174, with an average price per square foot of £412. However, the provided listing does not include the square footage of the property, making a direct comparison challenging.

Nearby comparable properties on Mangold Way range in price from £80,000 to £300,000, indicating a wide price range in the area. Several of these properties are also described as needing refurbishment or being suitable for cash buyers only, suggesting potential issues impacting value. The proximity to Abbey Wood station (1.21km) is a positive factor, offering convenient transport links. The presence of several well-rated primary schools within a short distance (e.g., St John Fisher Catholic Primary School, Parkway Primary School) is another positive aspect for families.

The image shows a concrete structure that appears to be in reasonable condition, although a detailed assessment is impossible without further information. The lack of information regarding garden space prevents a comment on the land aspect. Given the significant difference between the list price and the average price in the area, coupled with the lack of square footage information and the condition of the comparable properties, a comprehensive evaluation of the property’s value is difficult. Further information is needed to accurately assess the condition, land size, and overall value for money.

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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