bigmove estate agents says ..

Property Oracle says ..

The property is located on Cleveleys Road, in the Lea Bridge area of Hackney, East London. The area benefits from being close to Millfields Park, offering green space and recreational opportunities. Clapton Overground station is within walking distance, providing convenient access to the London Overground network. Several primary and secondary schools with good Ofsted ratings are also located nearby, making it an attractive area for families. The proximity to the Lea Bridge Road provides access to local shops and amenities. However, the area is also known for its relatively high density of housing and can be busy.

Based on the provided images, the property appears to be in need of some modernisation and updating. The interior shows signs of wear and tear, with several rooms needing refurbishment. The kitchen and bathrooms, in particular, seem dated and require significant improvements. The flooring in several rooms also appears worn. While the structure of the building seems sound, considerable work would be needed to bring it up to a modern standard. The garden, while present, is somewhat overgrown and could benefit from landscaping.

The property has a plot size of 1,336 sqft and offers a garden space to the rear. Although the garden is overgrown, it offers potential for outdoor living and could be improved with some landscaping.

The list price of £1,000,000 is significantly higher than the average price of £635,333 for the area. Considering the property’s condition and the need for renovation, the price per square foot is also higher than the average. While the location and the presence of a garden are positive factors, the required renovations would likely represent a substantial additional cost for a buyer. Therefore, the asking price may be considered high relative to comparable properties in the area, considering the necessary improvements. A more accurate valuation would require a professional survey and consideration of recent comparable sales of similar properties in the same condition.

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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