John Payne says ..

Property Oracle says ..

The property is located in Roydene Road, Plumstead, Greenwich, Greater London. It’s a terraced house with two bedrooms and one bathroom, spanning 1,036.34 square feet on an 868 square foot plot. The list price is £399,995.

The average property price in the area is £433,388, with an average size of 786 sqft and an average price per sqft of £551. This property is larger than average at 1036 sqft. Given the average price per sqft in the area, one might expect a price closer to £572,000 (£551 x 1036). However, several nearby properties on Roydene Road have sold for less, ranging from £104,000 to £400,000. The list price is significantly lower than the average price for the area, and even lower than some comparable properties on the same street. This suggests that the price may reflect the condition of the property.

The property appears to be in need of some renovation. The interior photos show worn surfaces, exposed pipes in the kitchen, and some damp patches on walls. The garden also appears overgrown and neglected. This condition would likely lower its market value.

The property does have a garden, though it needs attention. The size of the garden is relatively small compared to the house size, but it does provide some outdoor space.

Considering the property’s condition, the smaller-than-average garden, and the lower-than-average price per sqft, the list price of £399,995 appears to be somewhat reasonable, but not necessarily a great value. The discrepancy between the list price and the average price per sqft is significant and warrants careful consideration. The lower prices of nearby properties on the same street might further support the current list price. However, a buyer should factor in the cost of necessary repairs and renovations. The property is conveniently located near Plumstead station (Southeastern line), providing good transport links. Several well-rated primary schools are also within a short distance.

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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