Savills says ..

Property Oracle says ..

This property is a one-bedroom flat located on Alvington Crescent in Dalston, Hackney. The listing, by Savills, highlights its proximity to Dalston Kingsland Overground station, offering convenient access to central London and other parts of the city. Several well-regarded primary schools are within walking distance, making it potentially attractive to families.

However, the property is presented in a state requiring significant renovation. The internal photos reveal worn flooring, damaged walls, and a dated kitchen. A prospective buyer should budget for extensive refurbishment work, including flooring, wall repairs, kitchen and bathroom upgrades, potentially impacting the overall cost significantly.

The lack of information regarding square footage and plot size makes a precise valuation challenging. While the list price of £240,000 might seem reasonable for a one-bedroom flat in Dalston, considering its location and transport links, the substantial renovation needed significantly impacts its value proposition. Comparable properties in the area, even those requiring work, often command higher prices, suggesting that this property’s price may reflect its condition and the work needed. Potential buyers should carefully assess the renovation costs before making an offer.

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

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