Acorn says ..

Property Oracle says ..

This three-bedroom mid-terraced Victorian house in Dulwich, South London, presents a substantial renovation project. Located on Oxonian Street, near Goose Green, it benefits from a convenient location with access to local amenities, including a good selection of nearby primary schools (Goose Green Primary, Harris Primary Academy East Dulwich, and The Charter School East Dulwich all within a reasonable distance), making it potentially attractive to families. East Dulwich train station is also within walking distance, offering good transport links.

However, the property is in clear need of modernisation. The interior photographs reveal dated decor, worn carpets, and fixtures that require complete replacement. The kitchen and bathrooms appear especially outdated. The garden, while present, seems small and requires landscaping.

The asking price of £1,000,000 is significant for a property in this condition, even in the desirable location of Dulwich. While the property’s potential is undeniable, the significant refurbishment costs that a buyer must consider make a careful financial assessment vital. Potential buyers should factor in costs for full interior renovation, including new kitchen and bathrooms, modern electrical systems and new flooring. A thorough survey would be essential to ascertain any structural issues before commitment. In summary, this property offers high potential for value creation after renovation, but requires substantial investment and effort to realise it. The property’s condition offsets its desirable location to an extent.

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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