Galloways says ..

Property Oracle says ..

This property is a 2-bedroom flat located in Penge, London. The location benefits from being relatively close to several schools, including Stewart Fleming Primary School (Outstanding Ofsted rating) and St Anthony’s Roman Catholic Primary School (Good Ofsted rating). Transport links are also reasonably convenient, with several train stations within a mile radius. However, the property itself is in need of significant renovation. The images show considerable damage and wear and tear throughout, including damaged flooring and walls. While the plot size is 684 sqft, the images do not clearly show a substantial garden. The list price of £300,000 is significantly lower than the average house price in the area (£562,702), but given the extensive repairs required, it may still represent a reasonable price for a buyer willing to undertake a full refurbishment. The average price per sqft in the area is £528, while this property is listed at approximately £609 per sqft. This suggests the price may be slightly inflated, considering its condition. Further investigation into comparable properties in a similar state of repair would be beneficial to fully assess the value.

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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