Savills says ..

Property Oracle says ..

Land adjoining 44 Reverdy Road, London SE1 5QD is a plot of land located in the South Bermondsey area of Southwark, London. The property is listed with Savills for £200,000. The site is currently undeveloped, comprising of what appears to be a derelict outbuilding and overgrown land. The location is reasonably convenient, with South Bermondsey station approximately 1.75km away. Several schools are within a reasonable distance, including Harris Academy Bermondsey (rated Outstanding by Ofsted). However, the immediate surroundings appear somewhat run-down based on the provided imagery. The presence of graffiti on the walls suggests a need for environmental improvements in the immediate vicinity. The condition of the property is poor. The provided photographs show significant disrepair, including a dilapidated outbuilding, overgrown vegetation, and general neglect. Substantial work would be required to make the land suitable for development. The plot of land does have some size, though the exact dimensions are not provided. The presence of the derelict outbuilding indicates some existing structures, but these are in a state of disrepair. Given the poor condition, the need for substantial renovation, and the lack of specific details regarding plot size, the asking price of £200,000 seems relatively high when compared to the average price per square foot in the area (£262). However, the potential for development could justify a higher price if planning permission is obtained. The lack of information on the specific size of the plot makes a definitive statement on price difficult. Further investigation into planning permissions and potential development costs is necessary to fully assess the value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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