Fuller Gilbert & Co says ..

Property Oracle says ..

This four-bedroom house on Victoria Grove in Kensington presents a unique opportunity for a buyer willing to undertake a renovation project. The property is situated in a highly sought-after location, benefitting from the prestige of Kensington and its proximity to excellent schools, like St. Philip’s School (rated Outstanding), and within reach of several transportation options such as West Brompton Underground station.

The house itself is characterized by period features but requires substantial modernization. The interior images show dated décor, kitchen and bathrooms, all of which would necessitate significant investment. Despite this, the house’s layout and size are appealing. A noteworthy aspect is the inclusion of a small garden, offering a degree of outdoor space which is rare in the area.

The listing price of £2,900,000 needs to be considered against the backdrop of renovation costs. While the location commands a high value, the condition requires a realistic assessment of the financial commitment needed to update the property. Comparable properties in the area vary in price and condition making it difficult to accurately assess the value but the price isn’t unreasonable, especially considering the potential to increase its value post-refurbishment. Therefore, potential buyers must weigh their renovation budget against the long-term potential of this property in its prime Kensington location.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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