Winkworth says ..

Property Oracle says ..

This two-bedroom terraced house on Ufford Street, SE1, presents a compelling but challenging investment opportunity. The property’s significant proximity to Waterloo and Southwark stations, coupled with its location in a highly sought-after area of London, makes the location a considerable strength. Ufford Street itself is mentioned as popular in listing descriptions, further supporting location appeal. The presence of several well-regarded primary schools nearby enhances its family appeal. However, the property’s condition is a key factor to consider. The photographs clearly show the interior requires extensive modernisation and renovation throughout. The kitchen and bathrooms are outdated, and the entire property necessitates a substantial refurbishment. While the photos show a small private garden, it’s not large. Considering this, and that there is no specific square footage provided for the house or comparative properties on the street, evaluating the actual price per square foot presents a challenge; however, considering the high demand of the location, and need for renovation it is likely that the price is inline with similar properties in the area. This necessitates substantial investment before the property is habitable. Potential buyers should carefully weigh the cost of renovation against the long-term value of a property in such a desirable central London location.

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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