YOUhome says ..

Property Oracle says ..

This property, a 2-bedroom flat located in Prince Edward Mansions on Hereford Road in Kensington and Chelsea, presents a compelling investment opportunity with significant caveats. The location is undoubtedly a strength, with its proximity to excellent schools like Pembridge Hall School and convenient access to Paddington Station and other transport links via London Underground and Overground. The area’s prestige also contributes to the property’s value. However, the property is in considerable need of modernisation. The images depict dated and worn interiors requiring extensive renovations before the property could be considered habitable. The lack of any outdoor space is also a drawback. While the asking price of £800,000 may seem somewhat in line with other properties in the area, it is vital to factor in the substantial costs associated with the required renovations. A prospective buyer should budget appropriately for this to get the best out of the property. The substantial refurbishment costs should be thoroughly assessed before making an offer. In summary, this is a property with high location potential but requires a significant financial investment to reach its full potential.

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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