Florence Avenue, New Haw, Addlestone, Surrey, KT15

This two-bedroom semi-detached bungalow presents an intriguing opportunity for buyers looking to invest in a property that requires modernisation. While the asking price of £400,000 is below the local average, it is important to note that it is still above the local £/sqf rate, making it a less attractive value opportunity. The living room features a charming fireplace and bay window, though it shows signs of wear. The kitchen and bathroom are functional but dated, and the bedrooms also require updating. The exterior of the property appears well maintained, which is a positive aspect, while the overgrown garden offers potential for transformation.

The location is a strong selling point, situated in a quiet and sought-after area with good access to local amenities and transport links. Buyers will find potential for extension and a loft conversion, subject to planning permissions, which adds to the allure of this project. While the renovation scale is light and manageable, the overall price may deter some investors given the current market context.