Oaks Estate Agents says ..

Property Oracle says ..

This three-bedroom maisonette in Addiscombe, Croydon, is listed at £275,000. The property is situated on Lower Addiscombe Road and boasts a substantial internal area of 1472.61 sqft. The provided photographs reveal a property that requires significant modernisation and refurbishment. The rooms appear dated with worn flooring, outdated fixtures and fittings, and require complete renovation. This would need to be factored into the overall cost of acquisition. The kitchen and bathroom are particularly in need of updating. A positive aspect is the potential for loft conversion, subject to planning permission, which could increase the property’s value and living space. The location in Addiscombe offers convenient access to local amenities including schools and transport links. However, the absence of external space is a significant drawback. The listing mentions nearby schools with ‘good’ Ofsted ratings, which is a positive aspect for families. The proximity to Norwood Junction and East Croydon stations provides access to various transport options within London and beyond. While the property provides ample living space, its current condition necessitates substantial investment before it could be considered move-in ready. The property would be a good investment for those looking for a project with long-term potential, who are able to invest the time and resources necessary for a complete renovation. The absence of specific square footage data for nearby properties hinders a precise price per square foot comparison, preventing a fully precise valuation. Given these factors, the list price of £275,000 appears competitive within the context of the Addiscombe market, however, the required refurbishment must be factored into the total investment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images