Auction House London says ..

Property Oracle says ..

This three-bedroom terraced house in Canning Town, London, is currently undergoing a substantial renovation. The property is being sold via public auction, adding an element of risk and uncertainty to the purchase. While the location offers convenient access to public transportation via the Jubilee Line and DLR, and proximity to schools, the condition of the property is a major concern. The photos reveal extensive structural work is in progress, with the property being far from habitable in its present state. The absence of detailed information on square footage and plot size prevents a full assessment of value, and the photographs hint at possible damp problems that need to be addressed. Potential buyers should conduct thorough due diligence, including a comprehensive survey, to understand the full extent of the renovation required and any potential hidden costs before bidding. The lack of bathroom information is also a significant drawback, and further information will be necessary to get a true picture. While the list price may appear reasonable given similar properties in the area, it is recommended to thoroughly examine the legal documentation available before committing to a purchase. The auction process carries a heightened level of risk, compared to a private sale. Prospective buyers should be fully aware of the uncertainties and potential costs associated with completing the renovation and bringing the property up to a habitable standard. Buyers should be extremely cautious when proceeding with this type of transaction.

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

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