Dexters says ..

Property Oracle says ..

This two-bedroom property on Marsden Street, Kentish Town, NW5, presents a mixed bag for potential buyers. Situated in a desirable London location close to excellent transport links and reputable schools like Rhyl Community Primary School (0.07 KM), the property’s location is undoubtedly a major asset. Its proximity to Kentish Town West Overground Station makes it highly convenient for commuting. The small rear garden and side courtyard are additional perks, providing some valuable outdoor space.

However, the property’s condition is a significant factor to consider. The photos clearly indicate that the property is in need of extensive renovation. The walls show significant wear, and the kitchen and bathrooms appear dated and could require complete replacements. This will add considerable costs to the purchase price, affecting the overall value proposition. While the property offers potential, prospective buyers must be prepared for significant upfront investments in refurbishment to realize its full potential.

The lack of precise square footage information for comparable properties makes it difficult to provide a definitive assessment of price per square foot in the immediate vicinity. However, based on available data from nearby streets and the generally high property prices in Kentish Town, the listed price of £500,000 is not unreasonable for the location. However, buyers need to be diligent about calculating all potential renovation costs. Thorough surveys and professional cost estimates are vital before making any offers. Overall, the property offers a considerable opportunity for renovation and potential for high return, but this should be well-considered against the upfront costs involved.

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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