Kinleigh Folkard & Hayward - Sales says ..

Property Oracle says ..

This Victorian terraced house on Humber Road, Blackheath, presents a mixed bag of opportunities and challenges for potential buyers. The property’s location in Blackheath, with its reputation for excellent schools, green spaces (such as Greenwich Park), and convenient access to Southeastern rail services via Maze Hill station, is a strong selling point. The proximity to the Westcombe Park Conservation Area adds further appeal to the area.

However, the provided photos reveal that the property is in need of significant modernisation. The interior décor, kitchen, and bathrooms exhibit a dated aesthetic that will require considerable investment and refurbishment to bring them up to current standards. While this potential for renovation and extension represents an opportunity for increasing value, it will initially require substantial work and expense.

The house benefits from a garden, which appears reasonably large and well-maintained, offering a desirable outdoor space. The lack of precise plot size information limits a more accurate assessment.

The listed price of £1,075,000 requires careful consideration. Comparing this value to other listings in the immediate vicinity is difficult, due to the limited information on comparable properties. The lack of precise square footage data for some nearby houses makes a definitive comparison challenging. However, the relatively high price is arguably justified by the prime location and the potential for significant value enhancement following modernisation. Therefore, this creates a need for careful appraisal by a potential buyer to ensure the purchase price reflects the expected costs of bringing the property up to a desirable standard.

Overall, this property offers significant potential, but the substantial modernisation required significantly influences the overall value proposition. Buyers will need to weigh the substantial renovation costs against the advantages of the desirable Blackheath location and the potential for long-term capital appreciation following refurbishment.

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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