Aspect Property says ..

Property Oracle says ..

This one-bedroom ground floor flat in Kensal Green, NW10, presents a significant refurbishment opportunity. Located on College Road, the property benefits from being near Kensal Green Underground Station and several well-regarded schools. The property is a refurbishment project, it is not in habitable condition. The photos show significant cosmetic damage, including damaged walls, flooring, and outdated fixtures. The small rear garden, while a positive, is currently overgrown and also requires work. The asking price of £350,000 reflects the desirable location and potential but should be weighed against the substantial costs associated with a complete renovation. The property is clearly targeted at cash buyers given its condition, so mortgages will be hard to acquire. Therefore, it’s crucial for potential buyers to factor these costs into their investment considerations, alongside a careful review of current market values for similar properties post-refurbishment in the area. The lack of data on the average price per square foot makes a true comparison difficult; access to this data would improve the overall assessment. Ultimately, this is a high-risk, high-reward proposition ideal only for experienced property investors or those comfortable with extensive renovation projects.

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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