Pedder says ..

Property Oracle says ..

This one-bedroom, one-bathroom apartment located in Cedar Close, London, SE21, is listed for £125,000. The property is situated within a residential development near Thurlow Park. The location provides reasonably good access to local schools (Rosemead Preparatory School and Oakfield Preparatory School are nearby), transportation links (multiple train stations within a kilometer), and some local amenities. The property is a studio apartment, meaning it is smaller than many similar properties on the market. The apartment comprises a living space, separate kitchen and bathroom. While the bathroom has been recently modernised, the apartment is in need of renovation and updating. The main living area and kitchen show considerable wear and require investment in new flooring and modernising to bring it up to standard. The property also includes a small patio area. While the price seems competitive compared to other properties in the area, it is essential to consider the significant cost that will be required for improvement and modernisation of the apartment before a final valuation can be made. Potential buyers should carefully evaluate the cost of these works alongside the current asking price. The lack of comparable properties with details about size and specification makes it hard to establish a conclusive price-per-square-foot comparison. The property is suitable for a first-time buyer or a buy-to-let investor willing to undertake renovations, however it is important to conduct a thorough survey before purchasing and budget accordingly. Buyers should weigh the need for renovation against potential financial return if purchasing as an investment property.

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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