Oliver Burn says ..

Property Oracle says ..

Albert Square is located in the Stockwell area of Lambeth, London. The property is a two bedroom, one bathroom house with a garden. While the square footage is not provided, the list price is £2,500,000. The average price for properties in the area is £630,408, with an average price per square foot of £691. Nearby properties show a wide range of prices, from £375,000 for a one-bedroom flat to over £1,750,000 for larger houses. The property is in need of significant renovation. The photos show considerable damage to walls, ceilings, and flooring throughout the house. The kitchen and bathroom are also outdated and require modernisation. The garden, while present, appears overgrown and requires attention. The location is good, being in a residential area with nearby schools and transportation links. However, the significant renovation required impacts the overall value proposition. The list price of £2,500,000 is considerably higher than the average price for the area. Given the property’s condition, the price may be considered high, unless a buyer is willing to undertake a full refurbishment. The lack of square footage information makes a definitive price per square foot comparison impossible, further hindering a precise assessment of value.

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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