Felicity J Lord says ..

Property Oracle says ..

This five-bedroom, two-bathroom property located on Durley Road in Stoke Newington, Hackney, presents a compelling opportunity, but with some caveats. The property’s location is a significant strength. Stoke Newington is a sought-after area known for its family-friendly environment, proximity to good schools such as Vishnitz Girls School and Beis Yaakov Girls School, both rated ‘Good’ by Ofsted, and convenient access to public transport via the nearby Stamford Hill Overground station.

The property itself is a period property, and its interior shows a mixture of modern and outdated features. While a modern kitchen is evident from the pictures, many rooms maintain period features that some buyers will value. However, other aspects like the bathrooms and some finishes need updating or renovation to reach a higher standard. The presence of a garden, while a desirable feature in London, appears relatively modest based on the images provided.

The price of £2,000,000 is in line with values in this area, but buyers will need to consider the costs of refurbishment and updates to their valuation. The property is not presented in ‘move-in’ ready condition, so these additional costs are a major factor that prospective purchasers should include in their offer calculations. Overall, this property presents a good investment but would certainly benefit from modernisation to fully realise its potential. Detailed surveys are essential prior to purchasing.

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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