Langford Russell says ..

Property Oracle says ..

This three-bedroom semi-detached house on Wellington Road, Bromley, BR2 9NG, presents a mixed opportunity. The property’s location in Bromley is attractive, offering access to good transport links via Bromley South station and proximity to various schools, including several with ‘Good’ Ofsted ratings. The nearby Nelson Road exhibits a high average property price of £570,000, indicating that the area commands a high value. However, the property itself requires significant modernisation. The interior appears dated and would benefit from extensive renovation work throughout to bring it up to a contemporary standard. Whilst the property includes a garden, further information on its precise dimensions is needed for a complete assessment. The list price of £550,000 should be considered within the context of the necessary improvements. Whilst not outrageously priced for the area, a buyer should factor in considerable renovation costs and the availability of comparative pricing data which is limited for a more accurate valuation. Prospective buyers should factor the renovation costs into their calculations and weigh them against the potential for improved value post-refurbishment. Overall the property is a good investment for somebody who is seeking a project and is happy to carry out significant work.

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

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