Irwin Scott says ..

Property Oracle says ..

This two-bedroom end-of-terrace house located on Footscray Road, Eltham South, Greenwich, presents itself as a significant renovation project. The property’s current condition necessitates considerable investment to upgrade its interior and exterior. The house shows signs of wear and tear, including damaged walls, outdated fixtures, and a generally unkempt interior. The current photographs suggest a need for a full modernisation throughout the property. There is a notable lack of available information on the specific plot size or square footage, which makes a precise evaluation of value per square foot challenging. Although the property is located near New Eltham station, offering convenient transport links, and in proximity to several schools, the relatively small and overgrown garden is a minor drawback. The listing price of £400,000 requires careful consideration. This price might reflect the area’s desirability and the potential for value enhancement post-renovation, but prospective buyers should factor in the substantial costs associated with modernisation. In summary, while the property presents a potential opportunity for buyers willing to undertake renovations, it is essential to conduct a thorough survey and factor in substantial costs before making an offer. A comprehensive market appraisal should be undertaken to gauge the true potential return on investment after the significant work is completed.

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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