I absolutely love this location. Can’t afford 395k, never mind the refurb costs, but do you think it is a good price? I noted that it dropped 100k overnight recently, and that another house on the road that was larger (albeit divided into apartments) sold for it’s reserve of 380k with Allsop.
Wishful thinking. 320k for a 160 sqm, 4 bedroom red brick in D6 in walk-in condition? It may be the level you hope property prices to fall to but its not anywhere near what the current ‘market’ would bear.
I would say just under 400k would be a very good current price for this house if it were in walk in condition. It looks in really rag order, so 100k would probably be necessary to do a thorough and professional job - less if you can do stuff yourself obviously, or if you are willing to do it piecemeal. I wouldn’t pay more than 300k for it at present but I wouldn’t be hugely surprised if that would not secure it and it went for nearer the 330 - 350 mark.
To get a flavour of this road’s character I suggest walking down it at 11PM any Thursday, Friday or Saturday night. You’ll hear at least 5 parties/sessions going on in the myriad student digs which dominate the street.