Spencer Munson Property Services says ..

Property Oracle says ..

This property at 77-7 Portway, Stratford, E15, presents a unique opportunity but requires careful consideration. The building is a mixed-use commercial and residential property situated near West Ham station, making it conveniently accessible to central London and offering potential for rental income. However, the property is in disrepair and needs extensive renovation. The photos depict a raw interior space, suggesting that it would necessitate significant investment. While the size of the property (2669.45 sq ft) is substantial, the overall condition significantly impacts its current value. The lack of data regarding comparable properties in the immediate vicinity makes it challenging to ascertain whether the asking price (£1,500,000) accurately reflects market value after accounting for renovation expenses. A thorough structural survey and cost assessment would be crucial for any potential buyer before committing to a purchase. The small yard space is a further consideration and provides limited outdoor amenity. Investors seeking a substantial project with future potential might find this appealing, but buyers looking for a move-in ready property should look elsewhere.

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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