Winkworth says ..

Property Oracle says ..

This two-bedroom terraced house in Ufford Street, SE1, offers a compelling combination of location and potential. Situated in a highly sought-after area of London known for its proximity to excellent transport links, including Waterloo Station and Southwark tube, and cultural attractions, it benefits from a highly desirable address. The property’s proximity to several well-regarded primary schools adds to its family-friendly appeal.

The property’s condition presents a mixed picture. While appearing structurally sound from the exterior photographs, the interior finishes seem somewhat dated. The kitchen and bathroom appear to be in need of a full refurbishment. This would be a major factor influencing the decision of a potential buyer. The small paved rear garden provides limited outdoor space. The property is offered at £935,000. Without detailed square footage information for the property and comparable properties it is difficult to give an accurate assessment of its value, but judging on comparable properties and the need for modernisation, the price would suggest that potential purchasers may require some negotiation.

Overall, the property presents an interesting investment opportunity, however, a comprehensive survey and budget for renovations should be undertaken before committing to a purchase. The property would be well suited for someone that is either looking for a home with modernisation potential or a buy to let investor looking for a well situated rental property.

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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