Savills says ..

Property Oracle says ..

This property listing presents a development opportunity in East London. Located in Lansbury, Tower Hamlets, the site comprises a building and what appears to be a smaller attached structure. The property’s proximity to highly-rated schools (St Saviour’s Church of England Primary School and Manorfield Primary School both received ‘Outstanding’ Ofsted ratings and are within a short distance) makes it potentially attractive to families. Transport links are reasonable, with West Ham station under 3km away. However, access to the Underground may require bus travel, and this could be a drawback for some buyers.

The condition of the main house requires improvement. The photo suggests it needs some exterior work, and the overall condition warrants further investigation before committing to purchase. The attached structure appears in relatively better condition. The lack of square footage and plot size information in the listing makes an accurate property evaluation impossible. The absence of bedroom and bathroom details further hinders a comprehensive assessment. The price of £650,000 is in the higher range based on the currently available information; a detailed survey and planning permission evaluation are essential before reaching a conclusion on its value. The potential of the consented residential development opportunity is a crucial factor that significantly influences the property’s final assessment. Further investigation into planning permission details, potential build costs, and potential return on investment is advised before committing to purchase.

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

Images