Lancaster Road, London
HO

Lancaster Road, London

By Homecastle Estate Agents

£ 180,000

Reviews

2 out of 5 stars

Homecastle Estate Agents says ..

A modern, purpose-built studio flat located on the first floor in the desirable Norwood Lake area. The property, though in need of some "TLC," offers considerable potential for improvement. A new front door will be installed at the vendor's expense. The flat is bright and airy, with full-length w...

Property Oracle says ..

This studio flat located on Lancaster Road in South Norwood, Croydon offers a blend of convenient transport links and a tranquil setting near Norwood Lake. While the property’s condition is generally presentable, it presents a dated aesthetic that would likely benefit from some modernization and updating. The interior photographs reveal a simple studio apartment featuring laminate flooring, simple kitchen units, a white bathroom suite, and ample window space. However, there’s no private outdoor space to speak of. A significant factor to consider is the lack of precise square footage data for this property. This makes direct price comparison difficult. Surrounding properties vary in price and type, further making it difficult to make an exact conclusion regarding price per sqft. The proximity to Norwood Junction station and several well-regarded schools makes this a desirable location, particularly for commuters or those seeking family-friendly areas. Overall, the property seems to represent a reasonably priced, although modest, entry point to the London property market, especially for investors or first-time buyers who are comfortable handling a renovation project. The lack of available land, however, will limit its appeal among families or those seeking more expansive accommodation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
0
Bathrooms
1
Sqft (est)
335.94

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
395,929.00 £
Decreased by 3.55 %
from 410,523.00 £
Est sale value
151,508.94 £
Decreased by 16.48 %
from 181,407.60 £
Average area rental value
1,620.00 £/mo
Decreased by 8.94 %
from 1,779.00 £/mo
Est letting value
335.94 £/mo
Decreased by 50.00 %
from 671.88 £/mo
Est rental Yield
4.91 %
Decreased by 5.58 %
from 5.20 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Homecastle Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Harris Academy South NorwoodAcademy Sponsor LedOutstanding0.28 KM
St Mark'S Church Of England Primary AcademyAcademy Sponsor LedGood0.51 KM
Harris Aspire AcademyFree Schools Alternative ProvisionGood0.69 KM
Harris Professional Skills Sixth FormFree Schools 16 To 190.69 KM
South Norwood PrimaryAcademy Sponsor Led0.84 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Cargreen Place £ 000.00 KM
St Mark's Road £ 220,00000.00 KM
Crowther Road £ 000.00 KM
Merton Road £ 365,00000.00 KM
Central Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwood Junction5376NWD0.67 KM
Anerley5397ANZ1.36 KM
Crystal Palace5356CYP1.70 KM
Birkbeck5401BIK2.01 KM
Selhurst5434SRS2.01 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lancaster Road, London £ 180,000BUY5 / 100.00 KM
Lancaster Road, London £ 930,000BUY5 / 100.00 KM
Lancaster Road, London, SE25 £ 300,000BUY5 / 100.05 KM
Warminster Road, South Norwood £ 325,000BUY5 / 100.09 KM
Warminster Road, London £ 900,000BUY7 / 100.12 KM

Nearby Properties

AddressPriceDistance
12a Lancaster Road £ 412,0000.06 KM
11 Lancaster Road £ 730,0000.10 KM
3 Lancaster Road £ 285,0000.10 KM
23a Lancaster Road £ 148,0000.10 KM
29 Lancaster Road £ 300,0000.10 KM