Carter Jonas says ..

Property Oracle says ..

This three-bedroom apartment located in Fulham, London, presents itself as a significant renovation project. The property, situated on Harbord Street, benefits from being in a generally desirable area known for its proximity to green spaces, excellent schools, and transport links including Putney station (1.74km). However, the condition of the property is poor. The provided photographs clearly show a need for extensive modernisation throughout. Walls show signs of damp and damage, the kitchen is outdated and shows signs of wear, and the bathroom requires complete updating. The flooring throughout the property is also in need of replacement. The lack of a garden further impacts the overall appeal. The price point of £425,000 would need to be carefully considered by potential purchasers against the cost of renovation. Whilst the location is advantageous, the substantial works needed significantly impact the immediate value proposition. Potential buyers should factor the expense of a full refurbishment into any purchasing decision and potentially seek independent surveys to assess the property’s condition and ascertain a full renovation cost. The lack of available data on the average price per sqft on Harbord street specifically and also the absence of plot sizes for comparable properties, makes a precise valuation particularly challenging. However, nearby street average prices suggest this property is priced at a relative discount considering the desirability of the area despite being in need of significant renovation. The property could prove to be a worthwhile investment, pending a comprehensive assessment of renovation costs and potential resale value after modernisation. This could make this property an attractive proposition for a buyer looking to undertake a full renovation and add value.

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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