Parry & Drewett says ..

Property Oracle says ..

This property is a three-bedroom terraced house located in New Malden, Kingston Upon Thames. The list price is £550,000, and the property has 638.32 sqft of internal space and a 1,048.20 sqft plot. The house is in need of significant renovation. The images show considerable wear and tear throughout, including damaged flooring, outdated fixtures, and general disrepair. The property benefits from a rear garden, although it also appears to be in need of attention.

The average house price in the area is £605,852, with an average price per sqft of £716. While the list price of this property is below average, the extensive renovation required significantly impacts its value. Nearby properties on Willow Road have sold for prices ranging from £129,950 to £770,000, highlighting the variability in prices within the immediate vicinity. This variability suggests that the property’s final value will depend heavily on the extent and quality of the renovations undertaken.

The location is reasonably convenient, with several railway stations within a reasonable distance, and several well-regarded schools nearby. This enhances its potential value once renovated. However, the current state of the property significantly detracts from its desirability until the necessary improvements are made.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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