Bowden Bradley says ..

Property Oracle says ..

This 2-bedroom semi-detached bungalow in Hainault, Redbridge, presents a compelling opportunity for buyers seeking a property that needs modernisation. Located on Lime Grove, it benefits from a convenient location close to several well-regarded primary schools and local amenities. The presence of a sizable garden with a patio and shed adds to its appeal, offering significant outdoor space.

The property’s interior shows its age and requires a complete refurbishment. The kitchen and bathroom are dated and need updating, and most rooms need redecoration. The floors are original and could require significant work, and there’s potential for updating the property’s insulation. The overall aesthetic needs significant improvements.

Whilst the listing price of £400,000 seems within the range of other properties in the area, it’s crucial to factor in the considerable costs associated with a full renovation. Prospective buyers must carefully budget for the renovation project. The lack of precise square footage data in comparable listings makes a definitive statement on value per square foot challenging. Overall, this property is a potentially sound investment with a good location but requires significant work to achieve its full value.

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

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