Hunters says ..

Property Oracle says ..

This four-bedroom period house located on Manor Road in Stoke Newington, Hackney, offers significant potential but requires extensive renovation. The property boasts a substantial internal area of over 2,553 sq ft, spread across four bedrooms and one bathroom. The listing highlights its location in the heart of Stoke Newington, a sought-after area with a thriving community and excellent amenities. However, the provided images reveal a property in need of complete modernisation. The exterior shows some wear and tear, and while the structure appears sound, significant repairs and upgrades are necessary. The garden, while present, is currently overgrown and underutilized. The list price of £1,650,000 should be viewed in context with the required work and compared to similar properties in the area that have undergone renovation. Nearby streets show considerable variation in property prices, highlighting the importance of a comprehensive property survey and a detailed comparison with recently sold comparable properties before making a purchase decision. The close proximity to several highly-rated schools and the excellent transport links adds to the property’s appeal, though the significant costs associated with renovation must be factored into any potential offer. Buyers should also factor in professional fees associated with the renovation as well as time delays. This property therefore presents a significant project for any prospective buyer but could offer excellent long-term value once completed.

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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