Warren Powell-Richards says ..

Property Oracle says ..

The property is a 3-bedroom, 1-bathroom terraced house located in Cobham, Surrey, with a list price of £450,000. The property has 785.37 sqft of living space and a 927 sqft plot. The location is in Cobham, Surrey, KT11 1DD. Cobham benefits from being relatively close to several railway stations, including Cobham & Stoke D’Abernon (3.48km), providing links to London and surrounding areas. There are also several schools within a reasonable distance, including St Andrew’s Cofe Primary School (1.20km), which has a good Ofsted rating. This suggests a convenient location for families. However, the average house price in the area is significantly higher (£1,166,662), indicating that this property might be located in a less desirable part of Cobham or that it is underpriced. Based on the provided images, the property appears to be in need of some modernisation and updating. The exterior shows some signs of age and wear, and the interior images reveal a need for redecoration and potential repairs. The kitchen appears relatively modern, but other areas, such as the living room and bedrooms, look dated and require refurbishment. The garden is overgrown and could benefit from landscaping. The property includes a small garden, which is a positive aspect, especially for a terraced house. However, the size of the garden appears modest, based on the image. Considering the property’s condition, the relatively small plot size, and the significant difference between its list price and the average price in the area, the £450,000 list price may seem reasonable. However, the need for renovation should be factored in. The average price per sqft in the area is £635, while this property is listed at a lower price per sqft. This could be due to its condition, or it could indicate a potential opportunity for buyers willing to undertake renovations. Nearby comparable properties are listed at higher prices, but the sqft data is missing for those properties.

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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