John D Wood & Co. Sales says ..

Property Oracle says ..

The property is located in the Penge and Cator area of London, in the SE20 postcode. The area benefits from relatively close proximity to several transport links including Penge West and Anerley Overground stations, and Penge East Southeastern station. There are also a number of primary schools within a reasonable distance, some of which have good Ofsted ratings. This suggests a reasonably convenient location for families and commuters. However, the average house price in the area is significantly higher than the listed price of this property, suggesting it may be undervalued or that there are factors affecting its desirability not immediately apparent from the provided data.

Based on the photographs, the property appears to be in reasonable condition. It is clean and well-maintained, although it lacks any significant modern features or upgrades. The kitchen and bathroom appear functional but somewhat dated. There is no clear evidence of any major repairs needed.

The property has a plot size of 616 sqft, which is relatively small. While it is not explicitly stated whether this includes a garden, the images do not show a significant outdoor space. This is a factor that may influence the overall desirability and price.

Considering the property’s size (453.70 sqft), condition, and location, the list price of £280,000 appears significantly below the average price per sqft for the area (£528). The average house price in the area is £562,702, which is considerably more than the list price. However, the nearby listings show a range of prices, with some properties listed at a similar price point. The lower price may reflect the smaller size and lack of outdoor space compared to other properties in the area. Further investigation into the specific features and condition of comparable properties would be needed to fully assess the price’s reasonableness.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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