Harpers & Co says ..

Property Oracle says ..

This property at Dacre Place, Blackheath, SE13 5DJ, is presented as a development opportunity rather than a ready-to-move-in home. The listing highlights its location near Blackheath Village and excellent transport links to Central London. The current building is in a state of disrepair, as shown in several photographs which depict significant wear and tear, requiring extensive renovations. The existing structure includes a garage and a relatively small garden area, which currently appears overgrown and in need of landscaping. The architectural plans provided illustrate proposals for a new-build, suggesting a complete demolition and reconstruction are likely. The provided nearby listings show a range of property prices and types in the area, making the £800,000 listing price appear reasonable for this development project, factoring in land value and potential future market value after completion, although the existing structure adds little to that value. Prospective buyers should factor in a substantial budget for the redevelopment, which will likely considerably increase the overall cost of the property. The close proximity to good schools and Blackheath station is a significant advantage, which adds to the investment opportunity if redevelopment plans proceed as planned. However, thorough due diligence on planning permission and associated building costs is essential before proceeding with any purchase. The potential for creating a modern, desirable family home in a sought-after location is a major incentive. A comprehensive feasibility study should be conducted to analyse the financial viability of the project before committing to the purchase.

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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