Penge Estates says ..

Property Oracle says ..

This one-bedroom, one-bathroom flat located on Melford Road in Forest Hill, South East London, is presented as a Victorian conversion within a larger detached house. The property is listed at £340,000 and boasts access to a surprisingly spacious garden area. The location is a strong point, offering proximity to Forest Hill overground station which has direct connections to Central London. There are several good primary schools within walking distance, including Horniman Primary, Goodrich Community Primary and Eliot Bank Primary. The immediate street, Melford Road, appears to be residential, with a mix of properties. Although the provided photographs do not showcase the interior at its best, they reveal that some updating is required in areas such as the kitchen and bathroom. Overall, the property presents a viable option for first-time buyers or investors seeking a property in a convenient location with outdoor space. However, potential buyers should factor in the costs of necessary renovations to bring the property to a modern standard. The lack of precise square footage data for comparable properties and the average price per square foot for the surrounding streets makes a definitive comparison difficult, therefore, further independent research is recommended to get a full picture. The size of the garden is a noticeable plus that makes it stand out from many other flats in the area. The relatively affordable price also makes this property attractive within a competitive London market. Potential buyers should carefully assess the condition of the property before making a purchase decision.

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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