Stirling Ackroyd says ..

Property Oracle says ..

The property is located in Addiscombe West, Croydon, which is a residential area in South London. Addiscombe West benefits from being relatively close to several railway stations providing links into central London and other parts of the city. There are also a number of schools in the vicinity, including several rated ‘Good’ or ‘Outstanding’ by Ofsted. This contributes to a positive location score, although the exact quality will depend on the specific needs and preferences of potential buyers.

Based on the provided images, the property appears to be in need of modernisation and some repairs. The interior shows dated fixtures and fittings, and some areas require attention. The flooring, walls, and kitchen are in need of updating. While the structure seems sound, the overall condition suggests a need for renovation work, impacting the condition score negatively.

The property includes a garden, which is a desirable feature for many buyers and contributes positively to the land score. However, the size of the garden is not explicitly stated and the condition of the garden is not ideal, therefore the score will reflect this.

Considering the list price of £425,000, the average price in the area (£394,274), and the average price per square foot (£468), the property’s price seems somewhat high given its condition and the lack of information on plot size. Nearby comparable properties show a range of prices, some higher and some lower than the listed price. The need for renovations must be factored into the valuation and this will impact the price score. A more detailed analysis would require access to more precise plot size information and a professional valuation.

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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