Hallways Estates says ..

Property Oracle says ..

This 2-bedroom, 1-bathroom bungalow located in Coulsdon, Surrey, presents a unique opportunity for a buyer willing to undertake a significant renovation project. The property is situated in the desirable Coulsdon area, benefiting from relatively easy access to local amenities such as the train stations in Coulsdon South, Woodmansterne, and Coulsdon Town, and several well-regarded primary and secondary schools. The location offers a blend of peaceful suburban living while also being in proximity to urban conveniences and transportation networks. However, the property’s current condition is a critical factor to consider. The photographs clearly show an interior that requires complete modernization and refurbishment. Outdated fixtures and fittings, aged walls, floors, and potentially underlying structural issues are likely to necessitate a substantial investment in repairs and renovations. The exterior of the property requires significant landscaping and maintenance to enhance its overall aesthetic appeal and garden usability. The property’s large garden is a significant plus point and holds considerable potential for development, but needs substantial work. The pricing appears reasonable considering property values in the vicinity, but the necessary renovation costs need to be carefully assessed. Prospective buyers should factor in a considerable budget for refurbishment before making an offer. The property’s condition would necessitate an in-depth structural survey by a qualified surveyor before purchase, alongside obtaining detailed quotations from builders to ascertain the renovation cost. Therefore, while the location is attractive and the land offers potential, the property’s current condition significantly affects its overall value. Potential buyers should carefully weigh the advantages of the location and land size against the significant costs associated with bringing the property up to a modern, habitable standard. A thorough cost-benefit analysis is paramount before deciding whether to purchase this property.

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

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