Mann says ..

Property Oracle says ..

This two-bedroom terraced house in Perry Vale, SE26, presents a compelling opportunity for a buyer willing to undertake a complete renovation. The property’s location is a positive aspect, offering reasonable access to transportation and well-regarded schools. The proximity to Sydenham Overground station is a notable advantage for commuters. However, the property’s current condition is significantly below par. The interior is dated, requires a full refurbishment and the current photos reveal wallpaper, flooring, and general wear that would necessitate considerable investment. The small garden is overgrown and needs attention.

The list price of £450,000 requires careful consideration. While other properties on Niederwald Road command similar prices, many appear to be in far better condition. Therefore, potential buyers should factor in the substantial costs of renovation into their overall budget. The property ultimately offers the potential for a worthwhile investment once upgraded, but the upfront costs and work required should not be underestimated. A detailed survey before purchase is crucial to understand any hidden issues or required structural repairs, which would further impact the total investment required.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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