Romans says ..

Property Oracle says ..

This semi-detached bungalow in Blackwater, Surrey, presents a mixed bag. The location is good, providing relatively easy access to transport links (the nearest stations are within a short driving distance or a slightly longer walking/cycling distance), and nearby schools received good Ofsted ratings. The property boasts four bedrooms, a key feature for families, and a garden, which enhances its appeal.

However, the property’s current condition is a significant factor. The provided photos showcase a house in need of modernisation and some degree of repair. The interior appears cluttered and dated throughout, and while functional, the decor and appliances look somewhat dated and in need of an upgrade. This will be a significant factor for potential buyers, who will likely factor in renovation costs.

The plot size is adequately sized for the property type and offers potential for improvement and further landscaping. The lack of specifics regarding the plot size makes it difficult to ascertain the true amount of land included, but the photos suggest a workable garden area.

The list price of £450,000 for a 1,050 sqft semi-detached bungalow in this location is reasonable, but does not appear outstandingly good value. Compared to other properties, similar sized properties in relatively similar condition, are available at around the same price. Given the need for some improvements, a prospective buyer should factor in the costs of updating and modernizing the property to improve its overall value. The most significant positive is the number of bedrooms which may outweigh the costs of refurbishment for some buyers. Overall, this property might appeal to a buyer comfortable with a renovation project who can see the potential of the property in a good location.

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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