Michael Steven says ..

Property Oracle says ..

This three-bedroom terraced house on Montpelier Road, Peckham, presents a mixed bag. The location in South East London is appealing, with excellent transport links via Queens Road Peckham station and access to local amenities. The presence of several good and outstanding-rated schools nearby is a definite plus. The property benefits from a garden, providing outside space, although it’s relatively small and requires landscaping. However, the property is in need of modernisation. The interior images reveal that the house requires significant cosmetic work, including the updating of kitchen and bathroom fittings and the general refurbishment of the interior. The floors and walls need attention, and the overall aesthetic is dated. At £950,000, the asking price is the main concern. While property values in the area are increasing, the necessary renovation works, combined with the relatively small garden, need to be considered against the price. Potential buyers should therefore factor in a significant budget for refurbishment costs, which could substantially increase the overall purchase cost. A thorough survey is crucial before committing to an offer.

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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