Benham & Reeves says ..

Property Oracle says ..

This two-bedroom, one-bathroom apartment located on Belsize Avenue in Belsize Park, NW3, presents a unique opportunity for a buyer looking for a property in a prime location but prepared for significant renovation. The property itself is dated and requires a complete overhaul; this is evident in the provided photographs which depict worn carpets, outdated kitchen and bathroom fixtures, and peeling walls. However, the significant advantage is the property’s location in the sought-after Belsize Park neighbourhood. The area is renowned for its attractive surroundings, excellent schools, and proximity to Hampstead Heath, a large public park offering green space, recreational activities, and picturesque views. The property’s access to public transport through Belsize Park tube station provides easy commuting. While the condition of the apartment itself needs significant improvement, the potential for increasing the property’s value after refurbishment should be considered when assessing the asking price of £750,000. The inclusion of access to communal gardens adds value, although the lack of a private garden is a notable drawback. Overall, this apartment is a sound investment for a buyer willing to undertake a substantial renovation project, balancing the cost of modernisation against the long-term benefits of living in such a desirable part of London. The absence of data regarding the property’s actual square footage limits the ability to perform a precise calculation of the price per square foot, making a conclusive valuation difficult.

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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