Acorn says ..

Property Oracle says ..

The property is a 4-bedroom, 2-bathroom terraced house located in Thamesmead East, Bexley, with a list price of £275,000. The property has a plot size of 1,501 sqft and is 2,446 sqft in size. It’s situated near several schools with good Ofsted ratings, including St John Fisher Catholic Primary School and Parkway Primary School, both within a short distance. Public transport links are also readily available, with Abbey Wood TfL Rail station being approximately 1.21 km away.

The property’s condition appears to require significant renovation. The images show a generally unkempt state, with visible wear and tear throughout. The garden also appears neglected and requires attention. While the property offers a relatively large internal area compared to the average for the area, its current condition significantly impacts its overall value.

Given the average price per sqft in the area is £412, and this property is significantly larger than average, one might expect a higher price. However, the extensive renovation needed substantially lowers the value. The list price of £275,000 reflects this, falling in line with other similarly sized properties in the area that may require renovation, although some of those are priced considerably lower. The price may be considered reasonable considering the need for renovation, but buyers should factor in significant refurbishment costs.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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