Paul Meakin Estate Agents says ..

Property Oracle says ..

This three-bedroom mid-terraced house in New Addington, Croydon, is presented to the market at £350,000. The property benefits from a relatively convenient location, with several well-regarded schools within walking distance and train stations accessible, although not immediately close by. However, it’s clear from the provided images that the property is in need of significant refurbishment. The kitchen is in a state of incompletion, requiring full renovation. Walls throughout the house exhibit blemishes and require repair or repainting. The garden appears overgrown and needs substantial landscaping work. While the house has a manageable size and a garden, the substantial repair costs make this a property requiring a significant financial investment and DIY efforts. Potential buyers should budget for extensive refurbishment and factor this into their offer. The house’s location in New Addington, while suitable for families due to the proximity of good schools, might not be seen as highly desirable in terms of broader London desirability. Ultimately, the price reflects the need for extensive modernization against the comparative property values within the local market. Further, potential buyers need to consider if the cost of refurbishment pushes the total cost above the acceptable market values for properties in similar locations with similar land size.

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

Images