Whoobid says ..
** Great Investment Opportunity ** Cash Buyers Only ** In Need Of Modernisation ** 61 Year Left On Lease ** We are pleased to present this 1 bedroom first-floor flat with great potential, located in the lively area of South Norwood, London SE25. For sale with with tenants in situ with a current yeil
Property Oracle says ..
This one-bedroom flat located on Portland Road in South Norwood, Croydon, is listed for £110,000. The property is described as needing modernisation, and the photos confirm this assessment. The interior shows a dated aesthetic, with wear and tear apparent in the kitchen and bathroom. The property benefits from its location, situated near Norwood Junction Overground station for easy commutes and a selection of schools with good Ofsted ratings. However, the lack of a garden is a notable drawback. The listing mentions the flat’s potential as a rental property, indicating potential for return on investment to attract cash buyers despite the required renovations. Overall, the property represents a project, best suited for buyers comfortable undertaking significant refurbishment. The lack of precise sqft data in the listing presents some uncertainty around the value, despite the price per sqft seeming low compared to other local properties of similar types. This uncertainty is an important consideration in the overall assessment.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 0
- Sqft (est)
- 340.03
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Metrics Year-on-Year
- Average area value
- 426,700.00 £Increased by 7.32 %
- Est sale value
- 136,012.00 £Decreased by 13.04 %
- Average area rental value
- 1,639.00 £/moDecreased by 2.15 %
- Est letting value
- 340.03 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.61 %Decreased by 8.89 %
- Crime Rate
- 12.00 %Unchanged by 0.00 %
Agent Activity
Whoobid created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Crosfield Nursery School And Children'S Centre | Children's Centre | 0.33 KM | |
Crosfield Nursery School | Local Authority Nursery School | Good | 0.33 KM |
St Mark'S Church Of England Primary Academy | Academy Sponsor Led | Good | 0.39 KM |
South Norwood Primary | Academy Sponsor Led | 0.45 KM | |
Oasis Academy Ryelands | Academy Sponsor Led | Good | 0.62 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Central Place | £ 0 | 0 | 0.00 KM |
Crowther Road | £ 0 | 0 | 0.00 KM |
St Mark's Road | £ 220,000 | 0 | 0.00 KM |
Foot Path 726 | £ 200,000 | 0 | 0.00 KM |
Merton Road | £ 365,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Norwood Junction | 5376 | NWD | 0.64 KM |
Birkbeck | 5401 | BIK | 1.76 KM |
Anerley | 5397 | ANZ | 1.84 KM |
Selhurst | 5434 | SRS | 2.13 KM |
Elmers End | 5049 | ELE | 2.22 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Portland Road, London, SE25 | £ 110,000 | BUY | 4 / 10 | 0.00 KM |
Lancaster Road, London, SE25 | £ 250,000 | BUY | 6 / 10 | 0.01 KM |
Werndee Road, London, SE25 | £ 350,000 | BUY | Unknown | 0.06 KM |
Portland Road, London | £ 449,995 | BUY | Unknown | 0.06 KM |
Portland Road, London | £ 425,000 | BUY | Unknown | 0.06 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
94 Portland Road | £ 345,000 | 0.00 KM |
98 Portland Road | £ 3,000 | 0.00 KM |
90a Portland Road | £ 155,750 | 0.00 KM |
90b Portland Road | £ 155,750 | 0.00 KM |
8 Werndee Road | £ 400,000 | 0.06 KM |