Martin & Co says ..

Property Oracle says ..

This three-bedroom end-of-terrace house in Frederick Gardens, Cheam, Sutton, presents a compelling opportunity for buyers looking for a renovation project with significant potential. Located in a desirable area with good schools and transport links, the property offers a spacious layout and a large garden. However, it’s crucial to acknowledge that the property requires extensive modernisation and renovation work. The interior finishes are dated, with several rooms showing signs of wear and tear, including damaged walls and old carpets. The kitchen and bathroom also appear outdated and in need of updating. Despite these drawbacks, the significant garden space presents a significant advantage, offering potential for expansion and improvements to the property’s overall living area. Prospective buyers must factor in the costs associated with modernisation in their valuation process. While nearby sales data is limited, comparable properties in the area suggest that the asking price of £475,000 is in a reasonable range, given the location, land size, and the scope of the renovation needed. The final assessment is that the property offers value based on its location and potential if renovations are conducted successfully. Buyers should carefully consider their budget and ability to manage a complete renovation. The proximity to local amenities and transport links strongly enhances the property’s long-term appeal.

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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