Your Move says ..

Property Oracle says ..

The property is a bungalow located on Upton Road in Bexley, Greater London. It has two bedrooms, one bathroom, and a plot size of 901 sqft. The list price is £400,000. The property is situated in close proximity to several primary schools, with Crook Log Primary School being the closest at 0.59km. Upton Primary School (Outstanding Ofsted rating) is also within a reasonable distance. Several Southeastern train stations are also within a few kilometers, providing good transport links. Based on the provided images, the property appears to be in need of significant renovation. The interior shows signs of wear and tear, with damaged walls and outdated fixtures. The exterior, while maintaining a bungalow structure, also shows signs of age and could benefit from some modernisation. The property includes a garden, adding to its appeal. The size of the garden appears to be moderate, providing outdoor space. Considering the average price per sqft in the area is £488, and the property is 1952.89 sqft, a rough estimate of the property value would be around £952,000. However, the actual list price is significantly lower at £400,000. This discrepancy is likely due to the condition of the property requiring substantial renovation work. While the location and inclusion of a garden are positive aspects, the necessary renovations significantly impact the overall value. Nearby comparable properties range from £250,000 to £412,000, which, considering the need for renovation, makes the £400,000 asking price seem potentially reasonable, although further investigation into the specifics of those comparable properties would be necessary to confirm.

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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